Chlorella Market Size, Share, Growth Report 2032

Industry Prospective:

The Chlorella Market was worth around USD 281.6 million in 2021 and is estimated to grow to about USD 401.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.1 percent over the forecast period. The report analyzes the Chlorella Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Chlorella Market.

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Chlorella Market: Overview

Chlorella is a microorganism that lives and grows in freshwater. Chlorella is a single-celled alga that thrives only in clean water. When compared to other plants, it has a high concentration of chlorophyll. Consumers are becoming more concerned with having longer and healthier lives. Their preferences have evolved toward eating foods that are more natural, free of additives and preservatives, and organic. This is one of the major factors driving the growth of the market. In addition, the aging global population, rising chronic disease rates, increases in self-care, treatment, and prevention, and increasingly educated and connected consumer trends are all contributing to a greater emphasis on health and wellness and will propel the growth of the market. Chlorella is commonly used to treat fibromyalgia, constipation, hypertension, and excessive cholesterol. It also aids in the treatment of colitis, Crohn's disease, ulcers, and diverticulosis by increasing the number of beneficial bacteria in the gastrointestinal system.

Moreover, rising health consciousness has raised the demand for food products that promote good health, particularly low-fat, cholesterol-lowering, protein-rich, and weight-controlling options. As a result, the number of plant-based protein-containing food products has increased significantly in recent years, which has boosted the demand for the product.

Covid-19 Impact

The COVID-19 outbreak has had a substantial influence on public health, as well as all stages of the supply chain and numerous businesses. The chlorella market is doing well, owing to its important role in the immune system. Chlorella is a nutritious, natural, and long-lasting superfood that is in high demand during the COVID-19 period. During the pandemic, people are looking for healthful foods or substances that will help to boost their immune and digestive systems. As a result, chlorella has become one of the world's superfood trends.

COVID-19, on the other hand, had an impact on food and beverage firms all over the world. Many institutions have been forced to close in countries around the world due to social alienation, self-isolation, and city-wide lockdowns. Furthermore, manufacturers of consumer food and beverage items suffer reduced consumption and disturbed supply networks. All of these limitations, in some way, limit the market demand for chlorella.

Furthermore, there is a major impact on the worldwide supply chain for functional foods and dietary supplements, according to trade groups in the nutritional products business. This may cause a delay in chlorella sales and consumption by end-users, negatively hurting the chlorella market. As a result, the chlorella market's growth is being hampered indirectly by the negative influence on the global economy, supply chains, and commerce.

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Chlorella Market: Drivers 

 The primary drivers are chlorella manufacturers, nutraceutical manufacturers, and dietary supplement makers. An increasing market for cosmetic and personal care products has contributed significantly to the global expansion of the chlorella industry. Chlorella is a component responsible for providing pigmentation to cosmetic goods. Furthermore, chlorella is an important source of chlorophyll, which is utilized in personal care goods like lotions, skincare creams, and hair care products. The growing number of health-conscious clients has also fuelled the global growth of the chlorella market. Chlorella aids in the prevention of gastric ulcers, the improvement of immunity, the reduction of blood sugar levels, the reduction of cholesterol, and the increase of hemoglobin concentrations. These factors have aided in boosting the chlorella market over the world. Another factor driving the growth of the global chlorella market is the increasing government support for organic farming in various parts of the world. This has led to an increase in chlorella cultivation and, as a result, a global market for chlorella.

Chlorella Market: Restraints

However, the high cost of production hinders the global Chlorella market's growth. Chlorella requires sparkling water and artificial light/shade to thrive properly, which boosts its value. Furthermore, employing chlorella as a food supply necessitates the proper spraying of cell walls using expensive equipment. These costs are reflected in the final product price, which is expected to impede chlorella market expansion over the forecast period.

Chlorella Market: Opportunities 

The global market is expected to increase further during the forecast period. The leading businesses have greater opportunities to investigate the chlorella market in whole foods. The expanding aquaculture business in many regions provides excellent potential for worldwide chlorella manufacturers. People are more concerned about their health as a result of the COVID-19's global influence. The primary drivers have taken advantage of these changes to produce the greatest chlorella on the market by prioritizing health.

Chlorella Market: Challenges

Since chlorella contains anti-inflammatory, antioxidant, and antibacterial characteristics, the chlorella component is particularly powerful against cancers. It has numerous benefits, including lowering blood pressure and cholesterol levels, promoting eye health, supporting liver health, assisting in the management of respiratory disorders, and preventing chlorella autoimmune disease. The significant health benefits of chlorella have created global market demand. Due to the obviously increased demand for the items, the chlorella market may experience difficulties in providing them globally. As a result, the worldwide market is enlisting more large companies in order to fast reach all regions. The efforts of the leading players have aided the global market's expansion.

Global Chlorella Market: Report Scope:

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Chlorella Market: Segmentation

The Chlorella Market is segregated based on Technology, Product Type, Source, Application, and Sales/Distribution Channel.

By Technology, the market is classified into Autotrophic, Open Pond, Closed Pond, and Heterotrophic. The heterotrophic segment is expected to grow at the highest rate during the forecast period because of its better productivity, decreased danger of contamination, low water consumption, low space utilization, and good biomass purity. Furthermore, the utilization of heterotrophic technology to obtain higher cell concentrations and products that are more suitable for creating pure pharmaceuticals, nutraceuticals, and cosmetics is increasing market demand for heterotrophic technology.

By Product Type, the market is classified into Powder, Tablets, Extract, and Capsules. In the forecast period, the powder segment is predicted to account for the largest share of the chlorella market. This segment's substantial share is mostly due to its powerful coloring ability, expanding the number of health-conscious clients, and chlorella powder's capacity to remove heavy metal & ash content such as mercury from the body. Furthermore, the widespread use of chlorella powder in chlorella tablets, chlorella capsules, extracts, instant noodles, dumplings, pastries, beverages, ice cream, and dietary supplements is fueling market demand. Furthermore, because of its free flow nature, the powder may simply blend with any product and dissolve uniformly, making it the most favored form of chlorella for intake.

By Source, the market is classified into Chlorella Vulgaris, Chlorella Pyrenoidosa or Sorokiniana, and Others. During the projected period, the chlorella pyrenoidosa or sorokiniana source sector is expected to develop at a rapid rate. The ability to grow quickly, higher concentrations of various vitamins and amino acids, such as choline, and increased protein content are the primary drivers of this segment's growth. Furthermore, chlorella pyrenoidosa or sorokiniana can help with immunological support by providing natural detoxification.

Regional Landscape

In the forecast period, Europe is predicted to hold the greatest share of the global chlorella market. Europe's dominance in the chlorella market is primarily due to rising demand for chlorella in lotions, moisturizers, powders, and other personal care items; scientific and technological advancements in the field of micro-algae research for various health foods and dietary supplements; and growing consumer awareness of natural food products. Furthermore, the desire for a healthy lifestyle, changing food consumption patterns in favor of functional food, high disposable income, and an increase in a variety of chronic diseases due to the region's aging population drive increasing demand for chlorella.

During the projected period, Asia Pacific is expected to grow rapidly in the Chlorella market. China and Japan are two of the major contributors to the Asia-Pacific market's expansion. The rapid growth of the personal care sector in Asia Pacific's growing nations is encouraging the expansion of the Chlorella market in the region. Manufacturers are focusing on producing goods created with natural ingredients such as chlorella due to the trend in natural cosmetics. Chlorella is widely used in Nutraceuticals and Pharmaceuticals in the Asia Pacific region.

Competitive Landscape

Some of the main competitors dominating the Chlorella Market include - Distributing Ltd. (Canada), Roquette Klötze GmbH & Co. KG (Germany), Phycom (Netherlands), Tianjin Norland Biotech Co., Ltd. (China), Fuqing King Dnarmsa Spirulina Co. Ltd. (China), Far East Microalgae Industries, Co., Ltd. (FEMICO) (Taiwan), Allmicroalgae - Natural Products, S.A (Portugal), Qingdao Haizhijiao Biotechnology Co., Ltd. (China), STAUBER (U.S.), Alver World SA (Switzerland), AlgoSource (France), Taiwan Chlorella Manufacturing Company (Taiwan), E.I.D. - Parry (India) Limited (India), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), Duplaco B.V. (Netherlands), Sun Chlorella Corporation (Japan), Algorigin (Switzerland), Yunnan Green A Biological Project Co., Ltd (China), Zhejiang Comp Spirulina Co., Ltd. (China), Gong Bih Enterprise Co., Ltd. (China), and Wilson Group (Taiwan).

Chlorella Market is segmented as follows:

By Technology

• Autotrophic
• Open Pond
• Closed Pond
• Heterotrophic

By Product Type

• Powder
• Tablets
• Extract
• Capsules

By Source

• Chlorella Vulgaris
• Chlorella Pyrenoidosa or Sorokiniana
• Others

By Application

• Nutraceuticals
• Food & Beverages
• Animal Feed
• Cosmetics
• Others

By Sales/Distribution Channel

• B2B
• B2C
• Offline
• Distributors
• Retailers
• Direct-To-Consumer
• Online

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa