According to the research report, the global Algae Protein Market size and share was valued at USD 464.6 Million in 2020 and is projected to reach USD 1,037.6 Million by 2028, to grow at a CAGR of 12 .6% over the forecast period.
According to the research report, the world Algae Protein Market Size and Share was valued at USD 464.6 million in 2020 and is expected to reach USD 1,037.6 million by 2028to grow to a 12.6% CAGR during the forecast period.
Algae or algae are the configurations of algae that have evolved in the sea. They are a food source for ocean life and their color ranges from green to red to brown to black. Seaweed is found around rocky coastlines globally and is commonly eaten in Asian countries like China, Korea, and Japan. It is adaptable and can be used in food products like stews and soups, sushi, smoothies, salads and supplements. In addition, seaweed is highly nutritional and beneficial to health.
Seaweed contains an abundant amount of trace elements and minerals. It often involves a greater amount of these nutrients than other foods. Depending on where they are grown, the nutrient content of seaweed can differ. So different types will contain varying amounts of nutrients. Usually one cup of seaweed provides 5 grams of protein. Iodine content can vary greatly from class to class, but a serving of seaweed can easily contain iodine that satisfies the one-day benchmark. Some claim that seaweed is an important plant source of vitamin B12, found in poultry, meat, dairy products and eggs. But yet, one can wonder if the form of vitamin B12 is functional in humans. Ultimately, seaweed contains abundant antioxidants. It also contains a sufficient amount of sulfated polysaccharides, which are promising plant compounds that contribute to the health benefits of seaweed.
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The main players in the global market are:
- Acadian Seaweed
- Aquagri Processing Limited liability company.
- Beijing Leili Agriculture Co. Ltd
- Cargill Inc.
- Compo Expert GmbH
- Natural extracts
- Gelymar S.A.
- Kelco US Inc.
- The Roullier Group
- Qingdao brings together the large industry group of ocean seaweed
- seasol international
- Trophic LLC
- Irish seaweed
- Mara seaweed
- The seaweed company
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Important Questions Answered by the Market Report
- What is the size and growth of the algae protein market?
- What are the major end-user industries of the Algae Protein market?
- What is the influence of the bargaining power of suppliers and buyers, the demand for new players and substitutes, and competitive rivalry?
- Which countries will acquire the market size in the medium to long term?
- What are the favorable drivers and trends of the Algae Protein Market?
- Who are the best players and how is the competition going?
Algae Protein Market: Growth Factors
The global seaweed industry is experiencing massive growth mainly due to the increasing popularity of herbal products. In addition, the intake of natural components is in vogue and seaweed is healthy because it is abundant in minerals, vitamins and micronutrients, which help improve health. Additionally, vital players operating in the market are acquiring strategic collaborations to deliver the best products to the consumers.
Growing demand for processed foods due to rapid urbanization and a growing working population will increase the need for food and beverages, positively influencing algal protein business moves. Consumers are turning to healthy diets, including low sugar, low calorie and high protein, which will lead more people to prefer these proteins. The growing demand for organic food products, coupled with the ever-increasing demand for protein-rich beverages, is driving the food and beverage industry.
The rapid emergence of a covid-19 pandemic has restricted the due process of several industries as several factories face issues in their manufacturing and transportation process. Additionally, several vendors, farmers, and manufacturers involved in seaweed production are experiencing massive losses in their business due to the drastic reduction in seaweed prices which has hampered the growth of the market.
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Global Algae Protein Market: Report Scope
Market Size Value 2020
Market Outlook for 2028
Expected CAGR Growth
12.6% from 2021 to 2028
Year of reference
2021 – 2028
By source, by application, by region
Acadian Seaplants, Agrocare, Algaia, Aquagri Processing Private Limited., AtSeaNova, Beijing Leili Agriculture Co. Ltd, Cargill Incorporated, CEAMSA, Compo Expert GmBH, Extractos Naturales Gelymar SA, Kelco US, Inc., Le Groupe Roullier, Qingdao Gather Great Ocean Algae Industry Group, Seasol International, Trophic LLC, Irish Seaweeds, Mara Seaweed, The Seaweed Company.
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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Algae Protein Market: Key Segmentation
- Overview by source, application and region
By origin, the red type dominates the market as they are abundant in minerals, proteins, trace elements, vitamins and essential fatty acids. Additionally, red seaweed is eaten raw in salads, condiments, soups, and meals. By application, animal feed is said to have the fastest growth attributed to the use of seaweed extract for feed supplements that help animals improve their gut by eliminating the presence of all harmful microbes.
By region, Asia Pacific emerges with a dominant market. The unmanageable human population in the Asian region will drive up human protein prices. Thus, producers try to offer cost-effective protein options, such as algae protein. Asian countries have long used seaweed in supplements and foods. Likewise, the market is also growing in North America as its consumption is increasing due to its richness in micronutrients, vitamins and minerals. It enhances the global seaweed protein market. Additionally, to increase the scope of the products, the companies are considering strategic partnerships and collaborations to enhance the global algal protein market.
Browse all “Algae Protein Market Share, Size, Trends, Industry Analysis Report, by Source (Green Algae, Red Algae, Brown Algae); By application (pet food, pharmaceuticals and nutraceuticals, food and beverages, personal care and cosmetics, other); By region; Sector forecasts, 2021 – 2028 » Report to https://www.polarismarketresearch.com/industry-analysis/seaweed-protein-market
The market mainly depends on the source, application and region
Algae Protein Market: By Source
- green algae
- red algae
- brown algae
Algae Protein Market: By Application
- animal feed
- Pharmaceutical and Nutraceutical
- Food and drinks
- Personal care and cosmetics
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