Global Algal Protein Market Size
- Industry Trends & Outlook Report 2026
Global algae protein is
determined by the rising health awareness in consumers around the world. The
global population is more concentrating on getting additional nutritional
values from a diverse food source. The consumers are challenging all the
primary nutrients such as protein, vitamins, minerals, and others in their
favored food. Algae protein is one of the infrequent protein bases, which
comprises all the vital amino acids, which require a healthy routine. Further,
the intake of plant-based protein has been growing for the past decade due to
increasing vegan people and animal brutality worries, which further provides a
better growth opportunity for the algae protein market.
However, the manufacturing
procedure of algae protein is highly subtle, which additional make it an
expensive product to use, which is among the warning factor for the global
algae protein market. Besides cost, algae protein also fronting the tests
concerning the several allergic response worries after consuming it as a
Global Algal Protein Market:
Market Outlook and Trends
Algae proteins are typically
resulting from algae with the help of enzymatic or solvent procedures. They are
usually removed from algae that are developed in freshwaters and marines. These
algae proteins have more content of protein owing to which they are used as a
substitute for plant protein. They are very helpful as they can improve the
immune system, decrease fatigue, decrease allergies and inflammation, and
others. They are extensively used in uses such as food and beverages, personal
care, dietary supplements, cosmetics, and others.
Global Algal Protein Market
Inclination towards a vegan diet
Algae protein market request is
seeing a huge increase, due to its high nutritious value, increasing vegan
population, and exploding demand for plant-based protein food products.
Moreover, rising sustainability issues over the amplified greenhouse releases
throughout meat and poultry production have also diverted customer
consideration towards plant-based elements.
Algae proteins goal to deliver
improved muscle health, increase resistant system with increased power. Health
drinks with chlorella constituents are gaining traction as substitutes to soft
drinks owing to its uplifting taste and wide nutrient welfares. Besides, with
rising consciousness about the various health welfares of vegan diets, the
number of people accepting vegan lifestyles is growing through the sphere.
Awareness related to health
Increasing consciousness amid
customers concerning algae proteins such as spirulina for its health welfares
is a significant factor motivating the global algal protein market. Algal
protein as a natural alternative for animal proteins such as whey protein and
gelatin are allure the target group, which is allergic to whey protein and
vegetarian. Algae protein goal to deliver enhanced muscle health, boost
resistant system with increased strength. Health drinks with chlorella
ingredients are gaining traction as alternatives to soft drinks due to its
uplifting taste and wide nutrient welfares.
Impact of COVID-19 in industry
Since the COVID-19 virus
eruption in December 2019, the disease has the extent to almost 200 countries
around the sphere, with the World Health Organization announcing it a public
health emergency. The global effects of the coronavirus disease (COVID-19) are
already starting to be felt and will significantly affect the Algal Protein
Expression System market in 2020. The outbreak of COVID-19 has got effects on
many aspects, like flight cancellations; travel bans and quarantines;
restaurants closed; all indoor events limited; over forty countries state of
crisis declared; massive reduction of the supply chain; stock market
instability; falling business confidence, rising panic amid the people, and
insecurity about future.
Global Algal Protein Market:
Based on type, the market is
divided into spirulina, chlorella, and other types. Among all the segments, the
spirulina segment holds the leading share and is expected to be significant
during the forecast period.
Based on the application, the
algae protein market is divided into dietary supplements, food & beverage,
animal feed, cosmetics, and others. Food and beverage are fragmented as protein
drinks, breakfast cereals, bakery & confectionery, snacks, and others.
Protein deficiency in animal feed is increasing due to reduced land size,
fertility, and addiction to the existing land caused by development in per
capita people. Global market growth is credited to its utilization of algae as
a substitute to cattle feed.
Based on geography, the study
gives an analysis of the algae protein market in the emerging and recognized
markets across the globe, including North America, Europe, Asia Pacific, South
America, and the Middle East & Africa.
Global Algal Protein Market:
Europe is vital in global algae
protein with the maximum market value share due to high ingesting
health-conscious products and growing research and growth activities concerning
the algae. Whereas North America is also displaying a significant value share
in the global algae protein market, and the main motive is the rising ingesting
of plant-based protein diets. However, developing economic regions such as
South and East Asia is further screening the high growth in the global algae
protein market due to growing spending on a diversity of food products.
The leading players in the Algal
Protein Market include TerraVia, Cyanotech Corporation, Far East Bio-Tec Co.,
Ltd., Earthrise Nutritional, Roquette Frères, Heliae Development, LLC,
Allmicroalgae, ENERGYbits Inc., Corbion Biotech, Inc., Thermo Fisher Scientific
Inc., Corbion., Ocean Drop, Pond Tech, Algama, BIOPROCESS ALGAE, LLC, Univar
BV., Algatech LTD, and others.
In May 2019,
Solabia Group announced that they have acquired Algatech Ltd. This acquisition
will help both the companies to expand their production capability and meet the
rising demand for the microalgae. This will strengthen their position in the
market and will increase their customer base worldwide.
Pond Technologies Holdings Inc. (“Pond”) has closed its acquisition of
Regenurex Health Corporation (“Regenurex”) effective January 30, 2019.
Scope of Report
Historical data – 2016-2018
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy,
Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa,
By Type, By Application, By Region
players considered for market analysis are TerraVia, Cyanotech Corporation,
Far East Bio-Tec Co., Ltd., Earthrise Nutritional, Roquette Frères, Heliae
Development, LLC, Allmicroalgae, ENERGYbits Inc., Corbion Biotech, Inc.,
Thermo Fisher Scientific Inc., Corbion., Ocean Drop, Pond Tech, Algama,
BIOPROCESS ALGAE, LLC, Univar BV., Algatech LTD and others.
ü Other Types
Foods & Beverages
ü Bakery &
ü Protein Drinks
ü Breakfast Cereals
ü North America
ü Asia Pacific
ü South America
ü Middle East & Africa
The objective of
•To analyze and
forecast the Algal Protein Market size of the market in terms of value.
•To examine the
careful market segmentation and forecast the market size, in terms of value,
based on the region by segmenting.
•The Algal Protein Market into
five regions, namely, North America, Europe, Asia Pacific, Middle East, South
America, and their leading countries.
categorized, and forecast the Algal Protein Market based on the by Type, by
application, by Regional.
competitive developments, like by Type, by application, by Regional within the Algal
•To highlight the
impact analysis of the factors affecting the market dynamics such as growth
profile the key players and comprehensively analyze their market shares along
with detailing the competitive landscape for market leaders.
Business Questions Answer by the Report
Ø How will the
market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the
market size in terms of value and volume and market statistics with a detailed
Ø Which segment
dominates the market or region, and one will be the fastest - growing, and why?
Ø A comprehensive
survey of the competitive landscape and the market participant players
Ø Analysis of
strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
satisfaction is our first and last priority, and that is why BlueWeave
Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
Additional Company Information
• With five additional company detail
• Additional country analysis
• Detailed segment analysis