Algae Protein Market Size, Share, Trends Analysis, 2032
Algae Protein Market BY Product (Spirulina, Chlorella, and Others), By Source (Freshwater and Marine), By Application (Dietary Supplements, Food Products, Animal Feed, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 796.91 Million | USD 1268.43 Million | 5.3% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Algae Protein Market, 2024-2032 (USD Million)
- 2.2. Algae Protein Market: Snapshot
- Chapter 3. Algae Protein Market - Industry Analysis
- 3.1. Algae Protein Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Increasing demand for plant-based protein owing to shifting of consumers towards a vegan diet
- 3.2.2. Enhancement in the nutrition coupled with a positive effect on the immune system
- 3.3. Restraints
- 3.3.1. Ascending demand for other sources of protein
- 3.4. Opportunity
- 3.4.1. Rising concerns regarding health and fitness, especially among millennial across the world
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis By Product
- 3.6.2. Market attractiveness analysis By Source
- 3.6.3. Market attractiveness analysis By Application
- 3.6.4. Market attractiveness analysis by Region
- Chapter 4. Algae Protein Market- Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Algae Protein Market: company market share, 2024
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launches
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Algae Protein Market -Product Analysis
- 5.1. Global Algae Protein Market overview: By Product type
- 5.1.1. Global Algae Protein Market share, By Product,2024 and 2032
- 5.2. Spirulina
- 5.2.1. Global Algae Protein Market by Spirulina, 2024-2032 (USD Million)
- 5.3. Chlorella
- 5.3.1. Global Algae Protein Market by Chlorella, 2024-2032 (USD Million)
- 5.4. Others
- 5.4.1. Global Algae Protein Market by Others, 2024-2032 (USD Million)
- 5.1. Global Algae Protein Market overview: By Product type
- Chapter 6. Global Algae Protein Market -Source Analysis
- 6.1. Global Algae Protein Market overview: By Source
- 6.1.1. Global Algae Protein Market share, By Source, 2024 and 2032
- 6.2. Freshwater
- 6.2.1. Global Algae Protein Market By Freshwater, 2024-2032 (USD Million)
- 6.3. Marine
- 6.3.1. Global Algae Protein Market By Marine, 2024-2032 (USD Million)
- 6.4. Others
- 6.4.1. Global Algae Protein Market by Other Sources, 2024-2032 (USD Million)
- 6.1. Global Algae Protein Market overview: By Source
- Chapter 7. Global Algae Protein Market -Application Analysis
- 7.1. Global Algae Protein Market overview: By Application
- 7.1.1. Global Algae Protein Market share, By Application, 2024 and 2032
- 7.2. Dietary Supplements
- 7.2.1. Global Algae Protein Market by Dietary Supplements, 2024-2032 (USD Million)
- 7.3. Food Products
- 7.3.1. Global Algae Protein Market by Food Products, 2024-2032 (USD Million)
- 7.4. Animal Feed
- 7.4.1. Global Algae Protein Market by Animal Feed, 2024-2032 (USD Million)
- 7.5. Others
- 7.5.1. Global Algae Protein Market by Others, 2024-2032 (USD Million)
- 7.1. Global Algae Protein Market overview: By Application
- Chapter 8. Global Algae Protein Market - Regional Analysis
- 8.1. Global Algae Protein Market Overview: by Region
- 8.1.1. Global Algae Protein Market share, by Region, 2024 and 2032
- 8.2. North America
- 8.2.1. North America Algae Protein Market, 2024-2032 (USD Million)
- 8.2.2. North America Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.2.3. North America Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.2.4. North America Algae Protein Market Revenue, By Application, 2024-2032 (USD Million)
- 8.2.5. U.S.
- 8.2.5.1. U.S. Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.2.5.2. U.S. Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.2.5.3. U.S. Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.2.6. Rest of North America
- 8.2.6.1. Rest of North America Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.2.6.2. Rest of North America Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.2.6.3. Rest of North America Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Algae Protein Market, 2024-2032 (USD Million)
- 8.3.2. Europe Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.3.3. Europe Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.3.4. Europe Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.3.5. UK
- 8.3.5.1. U.K. Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.3.5.2. U.K. Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.3.5.3. U.K. Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.3.6. France
- 8.3.6.1. France Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.3.6.2. France Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.3.6.3. France Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.3.7. Germany
- 8.3.7.1. Germany Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.3.7.2. Germany Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.3.7.3. Germany Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of Europe Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.3.8.2. Rest of Europe Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.3.8.3. Rest of Europe Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Algae Protein Market, 2024-2032 (USD Million)
- 8.4.2. Asia Pacific Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.4.3. Asia Pacific Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.4.4. Asia Pacific Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.4.5. China
- 8.4.5.1. China Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.4.5.2. China Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.4.5.3. China Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.4.6. Japan
- 8.4.6.1. Japan Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.4.6.2. Japan Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.4.6.3. Japan Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.4.7. India
- 8.4.7.1. India Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.4.7.2. India Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.4.7.3. India Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.4.8.2. Rest of Asia Pacific Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.4.8.3. Rest of Asia Pacific Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Algae Protein Market, 2024-2032 (USD Million)
- 8.5.2. Latin America Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.5.3. Latin America Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.5.4. Latin America Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.5.5. Brazil
- 8.5.5.1. Brazil Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.5.5.2. Brazil Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.5.5.3. Brazil Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.5.6. Rest of Latin America
- 8.5.6.1. Rest of Latin America Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.5.6.2. Rest of Latin America Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.5.6.3. Rest of Latin America Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa Algae Protein Market, 2024-2032 (USD Million)
- 8.6.2. The Middle East and Africa Algae Protein Market revenue, By Product,2024-2032 (USD Million)
- 8.6.3. The Middle East and Africa Algae Protein Market revenue, By Source, 2024-2032 (USD Million)
- 8.6.4. The Middle East and Africa Algae Protein Market revenue, By Application, 2024-2032 (USD Million)
- 8.1. Global Algae Protein Market Overview: by Region
- Chapter 9. Company Profiles
- 9.1. Vimergy LLC
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Prairie Naturals
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. NOW Foods
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. Rainbow Light
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. ENERGYbits Inc.
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Development
- 9.6. E.I.D. - Parry Limited
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Development
- 9.7. Far East Bio-Tec Co., Ltd.
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Development
- 9.8. Earthrise Nutritional
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Development
- 9.9. Cyanotech Corporation
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Development
- 9.10. Others
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Development
- 9.1. Vimergy LLC
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Algae Protein Market, 2024–2032 (USD Million)
4. Porter’s Five Forces Analysis
5. Global Algae Protein Market attractiveness, By Product
6. Global Algae Protein Market attractiveness, By Source
7. Global Algae Protein Market attractiveness, By Application
8. Global Algae Protein Market share, By Product, 2024 and 2032
9. Global Algae Protein Market by Spirulina, 2024–2032 (USD Million)
10. Global Algae Protein Market by Chlorella,2024–2032 (USD Million)
11. Global Algae Protein Market by Others,2024–2032 (USD Million)
12. Global Algae Protein Market share, By Source, 2024 and 2032
13. Global Algae Protein Market By Freshwater, 2024–2032 (USD Million)
14. Global Algae Protein Market By Marine, 2024–2032 (USD Million)
15. Global Algae Protein Market share, By Application, 2024 and 2032
16. Global Algae Protein Market by Dietary Supplements, 2024–2032 (USD Million)
17. Global Algae Protein Market by Food Products, 2024–2032 (USD Million)
18. Global Algae Protein Market by Animal Feed, 2024–2032 (USD Million)
19. Global Algae Protein Market by Others, 2024–2032 (USD Million)
20. Global Algae Protein Market share, by Region, 2024 and 2032
21. North America Algae Protein Market, 2024–2032 (USD Million)
22. Europe Algae Protein Market, 2024–2032 (USD Million)
23. Asia Pacific Algae Protein Market, 2024–2032 (USD Million)
24. Latin America Algae Protein Market, 2024–2032 (USD Million)
25. The Middle East and Africa Algae Protein Market, 2024–2032 (USD Million)
Table Of Tables
List of Tables
1. Global Algae Protein Market: snapshot
2. Drivers of the Algae Protein Market: impact analysis
3. Restraints of the Algae Protein Market: impact analysis
4. North America Algae Protein Market revenue, By Product,2024–2032 (USD Million)
5. North America Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
6. North America Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
7. U.S. Algae Protein Market revenue, By Product,2024–2032 (USD Million)
8. U.S. Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
9. U.S. Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
10. Rest of North America Algae Protein Market revenue, By Product, 2024–2032 (USD Million)
11. Rest of North America Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
12. Rest of North America Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
13. Europe Algae Protein Market revenue, By Product,2024–2032 (USD Million)
14. Europe Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
15. Europe Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
16. U.K. Algae Protein Market revenue, By Product,2024–2032 (USD Million)
17. U.K. Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
18. U.K. Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
19. France Algae Protein Market revenue, By Product,2024–2032 (USD Million)
20. France Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
21. France Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
22. Germany Algae Protein Market revenue, By Product,2024–2032 (USD Million)
23. Germany Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
24. Germany Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
25. Rest of Europe Algae Protein Market revenue, By Product,2024–2032 (USD Million)
26. Rest of Europe Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
27. Rest of Europe Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
28. Asia Pacific Algae Protein Market revenue, By Product,2024–2032 (USD Million)
29. Asia Pacific Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
30. Asia Pacific Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
31. China Algae Protein Market revenue, By Product,2024–2032 (USD Million)
32. China Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
33. China Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
34. Japan Algae Protein Market revenue, By Product,2024–2032 (USD Million)
35. Japan Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
36. Japan Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
37. India Algae Protein Market revenue, By Product,2024–2032 (USD Million)
38. India Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
39. India Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
40. Rest of Asia Pacific Algae Protein Market revenue, By Product,2024–2032 (USD Million)
41. Rest of Asia Pacific Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
42. Rest of Asia Pacific Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
43. Latin America Algae Protein Market revenue, By Product,2024–2032 (USD Million)
44. Latin America Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
45. Latin America Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
46. Brazil Algae Protein Market revenue, By Product,2024–2032 (USD Million)
47. Brazil Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
48. Brazil Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
49. Rest of Latin America Algae Protein Market revenue, By Product,2024–2032 (USD Million)
50. Rest of Latin America Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
51. Rest of Latin America Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
52. The Middle East and Africa Algae Protein Market revenue, By Product,2024–2032 (USD Million)
53. The Middle East and Africa Algae Protein Market revenue, By Source, 2024–2032 (USD Million)
54. The Middle East and Africa Algae Protein Market revenue, By Application, 2024–2032 (USD Million)
Methodology
FrequentlyAsked Questions
Algae protein is a type of protein derived from various species of algae, which are aquatic, photosynthetic microorganisms that can range from single-celled organisms to more complex multicellular organisms. Algae are rich in nutrients and can be cultivated for various applications, including as a source of protein for human and animal consumption.
As consumers become more health-conscious and environmentally aware, there is a growing demand for plant-based protein sources. Algae protein offers a sustainable and nutrient-rich alternative to traditional animal-based proteins.
According to a study, the global algae protein market size was worth around USD 796.91 million in 2023 and is expected to reach USD 1268.43 million by 2032.
The global algae protein market is expected to grow at a CAGR of 5.30% during the forecast period.
North America accounted for the largest market share over the years. Increasing consumption of dietary supplements and healthy foods coupled with rising awareness regarding health and wellness is boosting the regional market growth.
The global algae protein market is fused with major players including Vimergy LLC, Prairie Naturals, NOW Foods, Rainbow Light, ENERGYbits Inc., E.I.D. - Parry Limited, Far East Bio-Tec Co., Ltd., Earthrise Nutritional, Cyanotech Corporation, and Corbion among others.
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