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 CAGR of 6.1%.
FrequentlyAsked Questions
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 will propel the growth of the market.
According to the Market Research report, the Chlorella Market was worth about 281.6 (USD million) in 2021 and is predicted to grow to around 401.7 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 6.1 percent.
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.
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).
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