About Chlorella
Chlorella is a round, green, single-cell microalgae that grows in both fresh and salt water. The species has existed for more than three billion years and has the ability to multiply quickly and survive in extreme environmental conditions. It is also known as seaweed. Chlorella is used in various applications, including as a good source of protein, fats, carbohydrates, fiber, chlorophyll, vitamins, and minerals. It's also used for nutrition and as medicine. Ongoing research on chlorella's potential health benefits, including its antioxidant and anti-inflammatory properties, may drive consumer interest. Positive findings in scientific studies can boost the credibility of chlorella as a dietary supplement.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape may have evolved since my last update, and new players may have entered the market. Additionally, market dynamics, consumer preferences, and regulations can influence the competition within the chlorella market Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
FEMICO (China), Source Naturals, Inc (Japan), VEDAN (China), SUN CHLORELLA CORP. (United States), Taiwan Chlorella Manufacturing Company (China), GREEN WAYS s.r.o (Czechia), DIC CORPORATION (Japan), Cyanotech Corporation (United States), Parry Nutraceuticals (India), VicNic. (Germany), Echlorial (France) and Wudi Deda Agriculture Co., Limited (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Chlorella market by Type (Powder, Capsule, Extract and Others), Application (Human Food, Animal Feed, Cosmetics and Skincare, Water Treatment, Biofuel Production and Others) and Region.
On the basis of geography, the market of Chlorella 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). If we see Market by Type, the sub-segment i.e. Organic Chlorella will boost the Chlorella market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Speciality Store will boost the Chlorella market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Chlorella Pyrenoidosa will boost the Chlorella market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased demand of chlorella-based products such as, chlorella-infused beverages, snacks, and cosmetics
Market Growth Drivers:
Rising demand for plant-based protein, and interest in natural and organic products. and Consumers are becoming more health-conscious, seeking natural and nutrient-dense foods.
Challenges:
Lack of knowledge about chlorella and its benefits among the general population. and Chlorella cultivation can be resource-intensive, requiring specific environmental conditions such as temperature, light, and nutrient levels.
Restraints:
The production cost of chlorella is expensive
Opportunities:
Focus on sustainable and environmentally friendly cultivation methods
Market Leaders and their expansionary development strategies
In June 2022, Chlorella Industry Co., Ltd. the world's first chlorella manufacturer. has acquired FDA GRAS (Generally Recognized As Safe) certification for the chlorella powder product, unprecedented in Japan for the exclusively domestic cultivation and production of chlorella.
In March 2021, Allmicroalgae has launched two chlorella vulgaris powders, which has approved as food ingredients and food supplements by EFSA. The new offerings are more neutral visually and deliver a discrete taste profile, yet still promise the same unique nutritional value. and In May 2022, Dutch manufacturer Duplaco has launched a new variety of golden-coloured chlorella, making it possible to add nutrients to plant-based foods without the green colour associated with the regular variety. This includes some that can be more challenging to obtain on a plant-based diet, such as iron and B12.
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.