Market Overview:
The global algal proteins market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for dietary food, feed industry, pharmaceuticals and cosmetics products that contain algal proteins. Additionally, the growing awareness about the health benefits of consuming algal proteins is also contributing to the growth of this market. Some of the major players operating in this market are Algatechnologies Ltd., Arthrospira Inc., Cyanotech Corporation, DIC Corporation and Parry Nutraceuticals Pvt Ltd.
Product Definition:
Algal proteins are a type of plant protein that is isolated from algae. Algae are a type of aquatic plant that can be found in both fresh and salt water. Algal proteins have many important applications, including use as a food additive, in animal feed, and in the production of biofuels.
Chlorella:
Chlorella is a unicellular microalgae that lives in freshwater and marine environments. It has been used as an important source of protein for human consumption since the early 1970s, when it was rediscovered after being consumed by humans during the second century AD. Chlorella growth factor (CGF) has been proven to be an excellent source of protein with high biological value, which supports muscle building and recovery processes in athletes.
Spirulina:
Spirulina is a blue-green algae and is considered one of the best natural sources of protein. It contains nearly 40% protein by dry weight and has over 20 times more nutritional value than soybeans. The product also provides essential nutrients such as vitamins, minerals, calcium, iron & iodine which are not found in other conventional food products.
The product also acts as a powerful antioxidant due to its high content of vitamin C & E.
Application Insights:
Dietary food was the dominant application segment in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising health consciousness among consumers, coupled with growing demand for vegan products. Rising awareness regarding protein-rich foods has resulted in increased consumption of algae proteins, particularly those derived from spirulina and chlorella.
Feed industry emerged as the second-largest application segment due to increasing utilization of these proteins as animal feed additives that provide essential nutrients such as amino acids and fatty acids required by livestock animals. Furthermore, increasing R&D investments are aimed at developing novel products for agricultural applications are expected fuel industry growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 9% during the forecast period. This can be attributed to rising consumer awareness regarding health benefits associated with algal proteins, increasing demand for functional foods and supplements, and growing use in pharmaceutical applications.
The Asia Pacific regional market is anticipated to grow at a significant rate during the forecast period owing to rising product demand from countries such as China, India, South Korea, Singapore among others. Increasing population coupled with rapid urbanization has resulted in increased consumption of dietary food products which will drive industry growth over the coming years. ‰â€˜Increasing number of companies investing huge amounts into R&D activities along with government support are some factors driving this regional market'™s growth.
Growth Factors:
- Increasing demand for plant-based proteins: The global population is growing at a rapid pace and with it the demand for food. There is an increasing trend of people moving towards vegetarian and vegan diets, which has led to a rise in the demand for plant-based proteins. Algal proteins are a good source of plant-based protein and this is expected to drive their growth in the coming years.
- Rising awareness about the health benefits of algal proteins: Algal proteins are considered to be healthier than other sources of protein such as meat and dairy products. They are low in fat, cholesterol, and sodium, while being high in fiber and omega-3 fatty acids. This has led to an increase in their popularity among health conscious consumers, which is expected to drive their growth in the coming years.
- Growing use of algal proteins as ingredients in food products: Algal proteins can be used as ingredients in a variety of food products such as snacks, breakfast cereals, pasta sauces etc., This versatility is expected to help them gain popularity among consumers worldwide, driving their growth over the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Algal Proteins Market Research Report
By Type
Chlorella, Spirulina
By Application
Dietary Food, Feed Industry, Pharmaceutical, Cosmetics
By Companies
The Nutrex Hawaii, Cyanotech Corporation, Heliae Development, Allma, Far East Bio-Tech, Rainbow Light Nutritional System, TerraVia Holdings, The Nutrex Hawaii
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Algal Proteins Market Report Segments:
The global Algal Proteins market is segmented on the basis of:
Types
Chlorella, Spirulina
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dietary Food, Feed Industry, Pharmaceutical, Cosmetics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Nutrex Hawaii
- Cyanotech Corporation
- Heliae Development
- Allma
- Far East Bio-Tech
- Rainbow Light Nutritional System
- TerraVia Holdings
- The Nutrex Hawaii
Highlights of The Algal Proteins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chlorella
- Spirulina
- By Application:
- Dietary Food
- Feed Industry
- Pharmaceutical
- Cosmetics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Algal Proteins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Algal proteins are the primary structural and functional components of algae. Algal proteins can be divided into two categories: cell wall-associated and secreted. Cell wall-associated proteins are found in the cell walls of algae cells, while secreted proteins are released from cells to interact with other organisms or molecules outside of the cell.
Some of the key players operating in the algal proteins market are The Nutrex Hawaii, Cyanotech Corporation, Heliae Development, Allma, Far East Bio-Tech, Rainbow Light Nutritional System, TerraVia Holdings, The Nutrex Hawaii.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Algal Proteins Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Algal Proteins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Algal Proteins Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Algal Proteins Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Algal Proteins Market Size & Forecast, 2020-2028
4.5.1 Algal Proteins Market Size and Y-o-Y Growth
4.5.2 Algal Proteins Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chlorella
5.2.2 Spirulina
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Dietary Food
6.2.2 Feed Industry
6.2.3 Pharmaceutical
6.2.4 Cosmetics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Algal Proteins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Algal Proteins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chlorella
9.6.2 Spirulina
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Dietary Food
9.10.2 Feed Industry
9.10.3 Pharmaceutical
9.10.4 Cosmetics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chlorella
10.6.2 Spirulina
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Dietary Food
10.10.2 Feed Industry
10.10.3 Pharmaceutical
10.10.4 Cosmetics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chlorella
11.6.2 Spirulina
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Dietary Food
11.10.2 Feed Industry
11.10.3 Pharmaceutical
11.10.4 Cosmetics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chlorella
12.6.2 Spirulina
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Dietary Food
12.10.2 Feed Industry
12.10.3 Pharmaceutical
12.10.4 Cosmetics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chlorella
13.6.2 Spirulina
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Dietary Food
13.10.2 Feed Industry
13.10.3 Pharmaceutical
13.10.4 Cosmetics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Algal Proteins Market: Competitive Dashboard
14.2 Global Algal Proteins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Nutrex Hawaii
14.3.2 Cyanotech Corporation
14.3.3 Heliae Development
14.3.4 Allma
14.3.5 Far East Bio-Tech
14.3.6 Rainbow Light Nutritional System
14.3.7 TerraVia Holdings
14.3.8 The Nutrex Hawaii
