Europe Algae Protein Market Size, Share & Industry Trends Analysis Report By Type (Microalgae and Macroalgae), By Source (Freshwater and Marine), By Application (Dietary Supplements, Animal Feed, Pharmaceuticals, Human Food), By Country and Growth Forecas

Europe Algae Protein Market Size, Share & Industry Trends Analysis Report By Type (Microalgae and Macroalgae), By Source (Freshwater and Marine), By Application (Dietary Supplements, Animal Feed, Pharmaceuticals, Human Food), By Country and Growth Forecast, 2022 - 2028

The Europe Algae Protein Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).

The high protein content of algal proteins makes them a suitable source of new protein for animal feed. Approximately 30 percent of algal output is being used for animal feed. Due to its nutritional advantages and high protein content, spirulina is commonly used to augment animal feed. Proteins derived from algae may be fed to a broad variety of animals, including livestock and domesticated animals.

Protein from seaweed, chlorella, and spirulina may be added to the diets of several species, including pigs, cows, sheep, chickens, and rabbits. An intensive study has been conducted on the consumption of algal proteins by chickens in the hopes of generating a profit from this unique protein source. It has been shown that algal proteins can strengthen the immune systems of animals, lower their cholesterol levels, and boost their white blood cell count.

Furthermore, algae is an excellent source of omega-3 for any animal that receives it through the feed. The incorporation of Spirulina protein into chicken feed has been the subject of many studies and has benefits for the production of eggs for customers. Algae protein has been utilized to substitute soy protein in animal feed for pigs, and spirulina has become a popular supplement to their diet. The use of brown seaweed by pigs has been shown helpful for weight gain, and it can also improve the iodine levels in their muscles.

According to the National Library of Medicines, the use of seaweed as a food source, which was formerly restricted to specific European regional subpopulations, has increased significantly across European nations and other EU areas during the past decade. In addition, as people become more aware of and interested in sustainable and alternative food sources, better lives, and dietary changes, seaweed has emerged as a prominent ingredient in cuisines throughout the world.

The Germany market dominated the Europe Algae Protein Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $165.4 million by 2028.The UK market is anticipated to grow at a CAGR of 8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.7% during (2022 - 2028).

Based on Type, the market is segmented into Microalgae and Macroalgae. Based on Microalgae Type, the market is segmented into Spirulina, Chlorella and Others. Based on Source, the market is segmented into Freshwater and Marine. Based on Application, the market is segmented into Dietary Supplements, Animal Feed, Pharmaceuticals, Human Food and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cyanotech Corporation, E.I.D. Parry Limited (Murugappa Group), Rainbow Light Nutritional Systems, LLC (The Clorox Company), Corbion N.V., DIC Corporation, NOW Foods, Inc., ENERGYbits, Inc., Vimergy LLC, and Far East Microalgae Industries, Co., Ltd.

Scope of the Study

Market Segments covered in the Report:

By Type

  • Microalgae
  • Spirulina
  • Chlorella
  • Others
  • Macroalgae
By Source
  • Freshwater
  • Marine
By Application
  • Dietary Supplements
  • Animal Feed
  • Pharmaceuticals
  • Human Food
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Cyanotech Corporation
  • E.I.D. Parry Limited (Murugappa Group)
  • Rainbow Light Nutritional Systems, LLC (The Clorox Company)
  • Corbion N.V.
  • DIC Corporation
  • NOW Foods, Inc.
  • ENERGYbits, Inc.
  • Vimergy LLC
  • Far East Microalgae Industries, Co., Ltd
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Algae Protein Market, by Type
1.4.2 Europe Algae Protein Market, by Source
1.4.3 Europe Algae Protein Market, by Application
1.4.4 Europe Algae Protein Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Algae Protein Market by Type
3.1 Europe Microalgae Market by Country
3.2 Europe Algae Protein Market by Microalgae Type
3.2.1 Europe Spirulina Market by Country
3.2.2 Europe Chlorella Market by Country
3.2.3 Europe Others Market by Country
3.3 Europe Macroalgae Market by Country
Chapter 4. Europe Algae Protein Market by Source
4.1 Europe Freshwater Market by Country
4.2 Europe Marine Market by Country
Chapter 5. Europe Algae Protein Market by Application
5.1 Europe Dietary Supplements Market by Country
5.2 Europe Animal Feed Market by Country
5.3 Europe Pharmaceuticals Market by Country
5.4 Europe Human Food Market by Country
5.5 Europe Other Application Market by Country
Chapter 6. Europe Algae Protein Market by Country
6.1 Germany Algae Protein Market
6.1.1 Germany Algae Protein Market by Type
6.1.1.1 Germany Algae Protein Market by Microalgae Type
6.1.2 Germany Algae Protein Market by Source
6.1.3 Germany Algae Protein Market by Application
6.2 UK Algae Protein Market
6.2.1 UK Algae Protein Market by Type
6.2.1.1 UK Algae Protein Market by Microalgae Type
6.2.2 UK Algae Protein Market by Source
6.2.3 UK Algae Protein Market by Application
6.3 France Algae Protein Market
6.3.1 France Algae Protein Market by Type
6.3.1.1 France Algae Protein Market by Microalgae Type
6.3.2 France Algae Protein Market by Source
6.3.3 France Algae Protein Market by Application
6.4 Russia Algae Protein Market
6.4.1 Russia Algae Protein Market by Type
6.4.1.1 Russia Algae Protein Market by Microalgae Type
6.4.2 Russia Algae Protein Market by Source
6.4.3 Russia Algae Protein Market by Application
6.5 Spain Algae Protein Market
6.5.1 Spain Algae Protein Market by Type
6.5.1.1 Spain Algae Protein Market by Microalgae Type
6.5.2 Spain Algae Protein Market by Source
6.5.3 Spain Algae Protein Market by Application
6.6 Italy Algae Protein Market
6.6.1 Italy Algae Protein Market by Type
6.6.1.1 Italy Algae Protein Market by Microalgae Type
6.6.3 Italy Algae Protein Market by Source
6.6.4 Italy Algae Protein Market by Application
6.7 Rest of Europe Algae Protein Market
6.7.1 Rest of Europe Algae Protein Market by Type
6.7.1.1 Rest of Europe Algae Protein Market by Microalgae Type
6.7.2 Rest of Europe Algae Protein Market by Source
6.7.3 Rest of Europe Algae Protein Market by Application
Chapter 7. Company Profiles
7.1 Cyanotech Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 E.I.D. Parry Limited (Murugappa Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisitions, Joint Ventures and Mergers:
7.3 Rainbow Light Nutritional Systems, LLC (The Clorox Company)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Corbion N.V.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations & Agreements:
7.5 DIC Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 NOW Foods, Inc.
7.6.1 Company Overview
7.7 ENERGYbits, Inc.
7.7.1 Company Overview
7.8 Vimergy LLC
7.8.1 Company Overview
7.9 Far East Microalgae Industries, Co., Ltd
7.9.1 Company Overview

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