Global 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 Regional Outlook and Forec

Global 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 Regional Outlook and Forecast, 2022 - 2028

The Global Algae Protein Market size is expected to reach $4.4 billion by 2028, rising at a market growth of 8.1% CAGR during the forecast period.

Algae are considered an alternate and sustainable source of protein due to their high protein content. With millions of species available, businesses are beginning to employ algae as a source of protein for both people and animals. Green and blue-green algae contain between 40 and 60 percent protein and provide excellent amino acid purity and nutritional advantages.

As algae are easy to grow and manage, it is now being studied as a possible source of protein by several firms. After extraction, these sources of high-protein algae can be utilized for several purposes. One of the benefits of this kind of protein is that it does not require land for production and can be cultivated in quality-controlled aquatic habitats, such as ponds.

Compared to traditional sources of animal proteins that largely contribute to climate change, it is a sustainable protein source. Diverse acidic, alkaline, and aqueous procedures are used to extract the seaweed and microalgae proteins from the algae. Multiple rounds of centrifugation are then followed by additional rounds of filtration process or precipitation to achieve the algal protein content.

While this is the standard way of manufacture, various techniques, such as ultrasonic extraction, electromagnetic current, and microwave-assisted withdrawal, have been evaluated. The proteins from algae can then be utilized for human and animal nutrition, in addition to aquaculture.

COVID-19 Impact Analysis

Reduced agricultural productivity, which disrupts the raw material supply, labor shortages in industrial facilities, and distribution system disruptions have affected supply chains. Due to the global lockdown, several commercial algae production and processing facilities were stopped or operating at a reduced capacity, which drastically affected global production. Nonetheless, some study indicates that algae-derived nutraceuticals may serve as immune boosters against COVID-19 and other viral diseases. Consequently, the increasing popularity of algae nutraceuticals, particularly spirulina-based products, has raised consumer demand, which would contributed to the industry's growth throughout the pandemic.

Market Growth Factors

Awareness Of The Health Advantages Of Omega-3 Among Consumers

According to the Global Organization for EPA and DHA (GOED), omega-3 is the most studied nutrition in the world, with over 8,000 clinical trials done in the last decade. On the market, omega – 3 is best recognized as a product derived from algae. The expansion of the algae products market has been propelled by the global increase in healthcare expenditures, as well as the rising prevalence and consumer awareness of omega-3 for preventative healthcare.

Demand Expansion In The Pharmaceutical Sector

Antimicrobials, antivirals, therapeutic proteins, medicines, and antifungals are among the possible pharmacological applications of algae. Polyphenols, phycobiliproteins, and vitamins are examples of potent water-soluble antioxidants found in algae. By inducing premalignant lesions to retreat, antioxidants limit the progression of cancer. Polyphenols, phycobiliproteins, and vitamins are the most effective water-soluble antioxidants found in algae. Antioxidants limit the progression of cancer by triggering the regression of precancerous lesions.

Market Restraining Factors

Digestibility Issues With Algae Protein

The high quantities of cell wall anionic polysaccharides can bind to proteins and form a viscous media, so compounding the difficulties of protein extraction is one of the most significant obstacles associated with protein extraction from algae. It has been proposed that the morphology of various seaweed species is a significant role in determining protein output, with more robust thallus forms requiring more processing. Several brown algae species were observed to have lower in vitro digestibility (51.8%–57.1%) compared to red algae P. palmata and P. tenera, which was attributed to higher quantities of dietary fiber.

Type Outlook

Based on the Type, the Algae Protein Market is segmented into Microalgae and Macroalgae. The microalgae segment acquired the highest revenue share in the algae protein market in 2021. It is because Astaxanthin, Vitamins A, C, E, H, B1, B2, B6, and B12, polysaccharides, polyunsaturated fatty acids, and carotene are abundant in microalgae. Seaweed, also known as macroalgae, is a significant source of critical nutrients and new bioactive compounds. Red and brown seaweeds are rich in vital fatty acids and a range of elements, including vitamins, proteins, and minerals.

Source Outlook

By Source, the Algae Protein Market is classified into Freshwater and Marine. The marine segment revenue registered a significant share in the algae protein market in 2021. Traditionally, marine algae, also known as seaweed, are consumed by humans, particularly in Asian nations such as South Korea and Japan. It is typically used as an ingredient or a side dish in a variety of meals and soups. Some types of seaweed are known to have comparable amounts of protein to other protein sources, such as soy, egg, milk, and meat.

Application Outlook

Based on the Application, the Algae Protein Market is bifurcated into Dietary Supplements, Human Food, Animal Feed, Pharmaceuticals, and Others. The human food segment witnessed a substantial revenue share in the algae protein market in 2021. The beneficial qualities of algae protein, such as reducing allergies, staying stable at low temperatures, and adding fiber, should improve product demand. The need for processed food products is being pushed by a growing working population, increased urbanization, and population expansion; these factors should have a positive impact on the growth of the algal protein market.

Regional Outlook

Region-wise, the Algae Protein Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured a significant revenue share in the algae protein market in 2021. Dietary supplements and food are the leading application sectors in the North American market, which may be due to the increased interest in fitness among consumers in the United States, Canada, and Mexico. In addition, it is projected that the developing aquaculture industry would raise demand for the product throughout the projection period.

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 Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Algae Protein Market, by Type
1.4.2 Global Algae Protein Market, by Source
1.4.3 Global Algae Protein Market, by Application
1.4.4 Global Algae Protein Market, by Geography
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. Global Algae Protein Market by Type
3.1 Global Microalgae Market by Region
3.2 Global Algae Protein Market by Microalgae Type
3.2.1 Global Spirulina Market by Region
3.2.2 Global Chlorella Market by Region
3.2.3 Global Others Market by Region
3.3 Global Macroalgae Market by Region
Chapter 4. Global Algae Protein Market by Source
4.1 Global Freshwater Market by Region
4.2 Global Marine Market by Region
Chapter 5. Global Algae Protein Market by Application
5.1 Global Dietary Supplements Market by Region
5.2 Global Animal Feed Market by Region
5.3 Global Pharmaceuticals Market by Region
5.4 Global Human Food Market by Region
5.5 Global Other Application Market by Region
Chapter 6. Global Algae Protein Market by Region
6.1 North America Algae Protein Market
6.1.1 North America Algae Protein Market by Type
6.1.1.1 North America Microalgae Market by Country
6.1.1.2 North America Algae Protein Market by Microalgae Type
6.1.1.2.1 North America Spirulina Market by Country
6.1.1.2.2 North America Chlorella Market by Country
6.1.1.2.3 North America Others Market by Country
6.1.1.3 North America Macroalgae Market by Country
6.1.2 North America Algae Protein Market by Source
6.1.2.1 North America Freshwater Market by Country
6.1.2.2 North America Marine Market by Country
6.1.3 North America Algae Protein Market by Application
6.1.3.1 North America Dietary Supplements Market by Country
6.1.3.2 North America Animal Feed Market by Country
6.1.3.3 North America Pharmaceuticals Market by Country
6.1.3.4 North America Human Food Market by Country
6.1.3.5 North America Other Application Market by Country
6.1.4 North America Algae Protein Market by Country
6.1.4.1 US Algae Protein Market
6.1.4.1.1 US Algae Protein Market by Type
6.1.4.1.1.1 US Algae Protein Market by Microalgae Type
6.1.4.1.2 US Algae Protein Market by Source
6.1.4.1.3 US Algae Protein Market by Application
6.1.4.2 Canada Algae Protein Market
6.1.4.2.1 Canada Algae Protein Market by Type
6.1.4.2.1.1 Canada Algae Protein Market by Microalgae Type
6.1.4.2.2 Canada Algae Protein Market by Source
6.1.4.2.3 Canada Algae Protein Market by Application
6.1.4.3 Mexico Algae Protein Market
6.1.4.3.1 Mexico Algae Protein Market by Type
6.1.4.3.1.1 Mexico Algae Protein Market by Microalgae Type
6.1.4.3.2 Mexico Algae Protein Market by Source
6.1.4.3.3 Mexico Algae Protein Market by Application
6.1.4.4 Rest of North America Algae Protein Market
6.1.4.4.1 Rest of North America Algae Protein Market by Type
6.1.4.4.1.1 Rest of North America Algae Protein Market by Microalgae Type
6.1.4.4.2 Rest of North America Algae Protein Market by Source
6.1.4.4.3 Rest of North America Algae Protein Market by Application
6.2 Europe Algae Protein Market
6.2.1 Europe Algae Protein Market by Type
6.2.1.1 Europe Microalgae Market by Country
6.2.1.2 Europe Algae Protein Market by Microalgae Type
6.2.1.2.1 Europe Spirulina Market by Country
6.2.1.2.2 Europe Chlorella Market by Country
6.2.1.2.3 Europe Others Market by Country
6.2.1.3 Europe Macroalgae Market by Country
6.2.2 Europe Algae Protein Market by Source
6.2.2.1 Europe Freshwater Market by Country
6.2.2.2 Europe Marine Market by Country
6.2.3 Europe Algae Protein Market by Application
6.2.3.1 Europe Dietary Supplements Market by Country
6.2.3.2 Europe Animal Feed Market by Country
6.2.3.3 Europe Pharmaceuticals Market by Country
6.2.3.4 Europe Human Food Market by Country
6.2.3.5 Europe Other Application Market by Country
6.2.4 Europe Algae Protein Market by Country
6.2.4.1 Germany Algae Protein Market
6.2.4.1.1 Germany Algae Protein Market by Type
6.2.4.1.1.1 Germany Algae Protein Market by Microalgae Type
6.2.4.1.2 Germany Algae Protein Market by Source
6.2.4.1.3 Germany Algae Protein Market by Application
6.2.4.2 UK Algae Protein Market
6.2.4.2.1 UK Algae Protein Market by Type
6.2.4.2.1.1 UK Algae Protein Market by Microalgae Type
6.2.4.2.2 UK Algae Protein Market by Source
6.2.4.2.3 UK Algae Protein Market by Application
6.2.4.3 France Algae Protein Market
6.2.4.3.1 France Algae Protein Market by Type
6.2.4.3.1.1 France Algae Protein Market by Microalgae Type
6.2.4.3.2 France Algae Protein Market by Source
6.2.4.3.3 France Algae Protein Market by Application
6.2.4.4 Russia Algae Protein Market
6.2.4.4.1 Russia Algae Protein Market by Type
6.2.4.4.1.1 Russia Algae Protein Market by Microalgae Type
6.2.4.4.2 Russia Algae Protein Market by Source
6.2.4.4.3 Russia Algae Protein Market by Application
6.2.4.5 Spain Algae Protein Market
6.2.4.5.1 Spain Algae Protein Market by Type
6.2.4.5.1.1 Spain Algae Protein Market by Microalgae Type
6.2.4.5.2 Spain Algae Protein Market by Source
6.2.4.5.3 Spain Algae Protein Market by Application
6.2.4.6 Italy Algae Protein Market
6.2.4.6.1 Italy Algae Protein Market by Type
6.2.4.6.1.1 Italy Algae Protein Market by Microalgae Type
6.2.4.6.2 Italy Algae Protein Market by Source
6.2.4.6.3 Italy Algae Protein Market by Application
6.2.4.7 Rest of Europe Algae Protein Market
6.2.4.7.1 Rest of Europe Algae Protein Market by Type
6.2.4.7.1.1 Rest of Europe Algae Protein Market by Microalgae Type
6.2.4.7.2 Rest of Europe Algae Protein Market by Source
6.2.4.7.3 Rest of Europe Algae Protein Market by Application
6.3 Asia Pacific Algae Protein Market
6.3.1 Asia Pacific Algae Protein Market by Type
6.3.1.1 Asia Pacific Microalgae Market by Country
6.3.1.2 Asia Pacific Algae Protein Market by Microalgae Type
6.3.1.2.1 Asia Pacific Spirulina Market by Country
6.3.1.2.2 Asia Pacific Chlorella Market by Country
6.3.1.2.3 Asia Pacific Others Market by Country
6.3.1.3 Asia Pacific Macroalgae Market by Country
6.3.2 Asia Pacific Algae Protein Market by Source
6.3.2.1 Asia Pacific Freshwater Market by Country
6.3.2.2 Asia Pacific Marine Market by Country
6.3.3 Asia Pacific Algae Protein Market by Application
6.3.3.1 Asia Pacific Dietary Supplements Market by Country
6.3.3.2 Asia Pacific Animal Feed Market by Country
6.3.3.3 Asia Pacific Pharmaceuticals Market by Country
6.3.3.4 Asia Pacific Human Food Market by Country
6.3.3.5 Asia Pacific Other Application Market by Country
6.3.4 Asia Pacific Algae Protein Market by Country
6.3.4.1 China Algae Protein Market
6.3.4.1.1 China Algae Protein Market by Type
6.3.4.1.1.1 China Algae Protein Market by Microalgae Type
6.3.4.1.2 China Algae Protein Market by Source
6.3.4.1.3 China Algae Protein Market by Application
6.3.4.2 Japan Algae Protein Market
6.3.4.2.1 Japan Algae Protein Market by Type
6.3.4.2.1.1 Japan Algae Protein Market by Microalgae Type
6.3.4.2.2 Japan Algae Protein Market by Source
6.3.4.2.3 Japan Algae Protein Market by Application
6.3.4.3 India Algae Protein Market
6.3.4.3.1 India Algae Protein Market by Type
6.3.4.3.1.1 India Algae Protein Market by Microalgae Type
6.3.4.3.2 India Algae Protein Market by Source
6.3.4.3.3 India Algae Protein Market by Application
6.3.4.4 South Korea Algae Protein Market
6.3.4.4.1 South Korea Algae Protein Market by Type
6.3.4.4.1.1 South Korea Algae Protein Market by Microalgae Type
6.3.4.4.2 South Korea Algae Protein Market by Source
6.3.4.4.3 South Korea Algae Protein Market by Application
6.3.4.5 Singapore Algae Protein Market
6.3.4.5.1 Singapore Algae Protein Market by Type
6.3.4.5.1.1 Singapore Algae Protein Market by Microalgae Type
6.3.4.5.2 Singapore Algae Protein Market by Source
6.3.4.5.3 Singapore Algae Protein Market by Application
6.3.4.6 Malaysia Algae Protein Market
6.3.4.6.1 Malaysia Algae Protein Market by Type
6.3.4.6.1.1 Malaysia Algae Protein Market by Microalgae Type
6.3.4.6.2 Malaysia Algae Protein Market by Source
6.3.4.6.3 Malaysia Algae Protein Market by Application
6.3.4.7 Rest of Asia Pacific Algae Protein Market
6.3.4.7.1 Rest of Asia Pacific Algae Protein Market by Type
6.3.4.7.1.1 Rest of Asia Pacific Algae Protein Market by Microalgae Type
6.3.4.7.2 Rest of Asia Pacific Algae Protein Market by Source
6.3.4.7.3 Rest of Asia Pacific Algae Protein Market by Application
6.4 LAMEA Algae Protein Market
6.4.1 LAMEA Algae Protein Market by Type
6.4.1.1 LAMEA Microalgae Market by Country
6.4.1.2 LAMEA Algae Protein Market by Microalgae Type
6.4.1.2.1 LAMEA Spirulina Market by Country
6.4.1.2.2 LAMEA Chlorella Market by Country
6.4.1.2.3 LAMEA Others Market by Country
6.4.1.3 LAMEA Macroalgae Market by Country
6.4.2 LAMEA Algae Protein Market by Source
6.4.2.1 LAMEA Freshwater Market by Country
6.4.2.2 LAMEA Marine Market by Country
6.4.3 LAMEA Algae Protein Market by Application
6.4.3.1 LAMEA Dietary Supplements Market by Country
6.4.3.2 LAMEA Animal Feed Market by Country
6.4.3.3 LAMEA Pharmaceuticals Market by Country
6.4.3.4 LAMEA Human Food Market by Country
6.4.3.5 LAMEA Other Application Market by Country
6.4.4 LAMEA Algae Protein Market by Country
6.4.4.1 Brazil Algae Protein Market
6.4.4.1.1 Brazil Algae Protein Market by Type
6.4.4.1.1.1 Brazil Algae Protein Market by Microalgae Type
6.4.4.1.2 Brazil Algae Protein Market by Source
6.4.4.1.3 Brazil Algae Protein Market by Application
6.4.4.2 Argentina Algae Protein Market
6.4.4.2.1 Argentina Algae Protein Market by Type
6.4.4.2.1.1 Argentina Algae Protein Market by Microalgae Type
6.4.4.2.2 Argentina Algae Protein Market by Source
6.4.4.2.3 Argentina Algae Protein Market by Application
6.4.4.3 UAE Algae Protein Market
6.4.4.3.1 UAE Algae Protein Market by Type
6.4.4.3.1.1 UAE Algae Protein Market by Microalgae Type
6.4.4.3.2 UAE Algae Protein Market by Source
6.4.4.3.3 UAE Algae Protein Market by Application
6.4.4.4 Saudi Arabia Algae Protein Market
6.4.4.4.1 Saudi Arabia Algae Protein Market by Type
6.4.4.4.1.1 Saudi Arabia Algae Protein Market by Microalgae Type
6.4.4.4.2 Saudi Arabia Algae Protein Market by Source
6.4.4.4.3 Saudi Arabia Algae Protein Market by Application
6.4.4.5 South Africa Algae Protein Market
6.4.4.5.1 South Africa Algae Protein Market by Type
6.4.4.5.1.1 South Africa Algae Protein Market by Microalgae Type
6.4.4.5.2 South Africa Algae Protein Market by Source
6.4.4.5.3 South Africa Algae Protein Market by Application
6.4.4.6 Nigeria Algae Protein Market
6.4.4.6.1 Nigeria Algae Protein Market by Type
6.4.4.6.1.1 Nigeria Algae Protein Market by Microalgae Type
6.4.4.6.2 Nigeria Algae Protein Market by Source
6.4.4.6.3 Nigeria Algae Protein Market by Application
6.4.4.7 Rest of LAMEA Algae Protein Market
6.4.4.7.1 Rest of LAMEA Algae Protein Market by Type
6.4.4.7.1.1 Rest of LAMEA Algae Protein Market by Microalgae Type
6.4.4.7.2 Rest of LAMEA Algae Protein Market by Source
6.4.4.7.3 Rest of LAMEA 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

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings