Algae Protein Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Microalgae (Spirulina, Chlorella, Others), Macroalgae), By Source (Freshwater, Marine), By Application (Dietary Supplements, Human Food, Animal Feed, Pharmaceuticals, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAlgae Protein Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Microalgae (Spirulina, Chlorella, Others), Macroalgae), By Source (Freshwater, Marine), By Application (Dietary Supplements, Human Food, Animal Feed, Pharmaceuticals, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 3.22 billion |
| CAGR (2023-2028) | 7.81% |
| Fastest Growing Segment | Microalgae |
| Largest Market | North America |
Market Overview
Key Market Drivers
Rising Demand for Sustainable Protein
Health and Nutritional Benefits
Plant-Based and Vegan Trends
Expanding Food and Beverage Industry Applications
Key Market Challenges
Scalability and Cost-Effectiveness
Consumer Acceptance
Regulatory Compliance
Competition with Established Proteins
Key Market Trends
Growing Demand for Sustainable Proteins
Expanding Product Portfolio
Improved Taste and Texture
Collaborations and Partnerships
Segmental Insights
Type Insights
Source Insights
Regional Insights
Recent Developments
In September 2021, Tofurky, a company specializing in plant-based meat products, joined forces with Triton Algae Innovations to bring to market "algae-derived meat innovations" incorporating Triton's non-GMO protein-rich algae known as "essential red."
Key Market Players
- CorbionNV
- CyanotechCorp
- EarthriseNutritionals, LLC
- FarEast Bio-Tec Co Ltd
- EIDParry India Ltd
- ENERGYbitsInc.
- RainbowLight Nutritional Systems LLC
- NOWFoods
- VimergyLLC
| By Type | By Source | By Application | By Region |
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