Global Chlorella Market to Reach $102.5 Million by 2030
The global market for Chlorella estimated at US$69 Million in the year 2023, is expected to reach US$102.5 Million by 2030, growing at a CAGR of 5.8% over the analysis period 2023-2030. Chlorella from Chlorella Vulgaris, one of the segments analyzed in the report, is expected to record a 6.2% CAGR and reach US$41 Million by the end of the analysis period. Growth in the Chlorella from Chlorella Pyrenoidosa segment is estimated at 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.1 Million, While China is Forecast to Grow at 9% CAGR
The Chlorella market in the U.S. is estimated at US$18.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.7 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.5 Million by the year 2030.
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