Global Algae Protein Market 2022-2026

Global Algae Protein Market 2022-2026

Technavio has been monitoring the algae protein market and it is poised to grow by $ 171.7 mn during 2022-2026 progressing at a CAGR of 7.75% during the forecast period. Our report on the algae protein market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for nutritious food and beverages, increasing awareness about the health benefits of algae protein, and high protein concentration when compared to alternatives.

The algae protein market analysis includes the type segment and geographic landscape.

Technavio's algae protein market is segmented as below:

By Type

• Spirulina
• Chlorella
• Others

By Geographical Landscape

• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the growing demand for naturally obtained health supplements as one of the prime reasons driving the algae protein market growth during the next few years. Also, the increasing global vegan population and rising trend of dietary supplements heavily contribute to market growth will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on algae protein market covers the following areas:

• Algae protein market sizing
• Algae protein market forecast
• Algae protein market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading algae protein market vendors that include Corbion NV, Cyanotech Corp., DIC Corp., Duplaco BV, E.I.D. Parry India Ltd., ENERGYbits Inc., Far East Bio Tec Co. Ltd., Fuqing King Dnarmsa Spirulina Co. Ltd., JUNE Group of Companies, Natures Power Nutraceuticals Corp., NOW Health Group Inc., Phycom BV, Prolgae Spirulina Supplies Pvt. Ltd., Roquette Klotze GmbH and Co. KG, Seagrass Tech Pvt. Ltd., Tianjin Norland Biotech Co. Ltd, Triton, Vimergy LLC, Yunnan Green A Biological Project Co. Ltd., and Zhejiang Binmei Biotechnology Co. Ltd. Also, the algae protein market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Corbion NV, Cyanotech Corp., DIC Corp., Duplaco BV, E.I.D. Parry India Ltd., ENERGYbits Inc., Far East Bio Tec Co. Ltd., Fuqing King Dnarmsa Spirulina Co. Ltd., JUNE Group of Companies, Natures Power Nutraceuticals Corp., NOW Health Group Inc., Phycom BV, Prolgae Spirulina Supplies Pvt. Ltd., Roquette Klotze GmbH and Co. KG, Seagrass Tech Pvt. Ltd., Tianjin Norland Biotech Co. Ltd, Triton, Vimergy LLC, Yunnan Green A Biological Project Co. Ltd., Zhejiang Binmei Biotechnology Co. Ltd.