What is Algae Protein Market?
Algae protein can be extracted from algae in a simple way and with reasonably high yields using classical solvent, enzymatic, and other methods. Increasing of average per capita income have led to a decrease in global hunger over the last half-century, despite a doubling of the world’s population. Moreover, worldwide food production is now facing a greater challenge than ever before, this had led to a shortage of nutrients and this has led projected the growth of the market in the forecast period.
The market study is being classified by Type (Spirulina Protein, Chlorella Protein and Other), by Application (Dietary Supplements, Animal Feed, Food Products, Health Care Products and Other) and major geographies with country level break-up.
Allmicroalgae (Portugal), Cyanotech Corporation (United States), Earthrise Nutritional (United States), ENERGYbits Inc (United States), Far East Bio-Tech Co. (Taiwan), JAPAN ALGAE Co., Ltd. (Japan), Heliae Development LLC (United States), Roquette Klötze (Germany), TerraVia Holdings Inc. (United States) and Vimergy LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Parry Nutraceuticals (India).
The Vendors having a strong hold in the market are Allmicroalgae, Cyanotech Corporation, Earthrise Nutritional, and ENERGYbits Inc. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Algae Protein market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Algae Protein market by Type, Application and Region.
On the basis of geography, the market of Algae Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Algae Products from the Nutraceuticals and Pharmaceutical Industries
- Growing Consumption of Junk Food Products and Increasingly Busy Lifestyles
Market Trend
- Enrichment of the Nutrient Content in Food, Positive Effect on the Immune System
Restraints
- Presence of Various Alternative Proteins such as Vegan Proteins
Opportunities
- Aquaculture Offering is CreatesOpportunites for Market
- Growing in Health Awareness among Consumers
Key Target Audience
Algae Protein Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other