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Global Algae Protein Market - Forecast to Grow at a CAGR of 6.2% During 2017-2022 - Research and Markets

Research and Markets
Posted on: 07 Nov 17

The "Global Algae Protein Market - Growth, Trends and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.

The global algae protein market revenue is estimated to register a CAGR of 6.27% during the forecast period, 2017-2022. The market was valued at USD 616.0 million in 2016 and is poised to reach USD 1,128.0 million by 2022. In terms of volume, the algae market is expected to reach 26,849.11 tons, by 2022.

Algae proteins are gaining prominence as alternative plant proteins, owing to their balanced proportions of all the amino acids. These are now competing with other plant-based proteins, such as soy, pea protein, wheat, and canola. The primary drivers of this market are the positive effects of the algae proteins on the immune system and its attributes that improve the nutrient content of the food.

It is a complete protein with essential amino acids, which is involved in the metabolic processes like enzyme production. It also has an extensive fatty acid profile like omega-3 and omega-6, which play a significant role in the production of energy. Hence, high demand is observed for algae products from the food & feed industry in the market.

The algae production requires a high-level of sterility, which also makes it an expensive procedure. Another cause of concern is that it's intake as a dietary supplement may lead to indigestion or allergic reactions in humans.

Companies Mentioned:

  • TerraVia Holdings Inc
  • Nutrex Hawaii Inc.
  • Cyanotech Corporation
  • Heliae Development LLC
  • Allma
  • Far East Bio-Tech Co.
  • Rainbow Light Nutritional Systems
  • Earth Rise Nutritionals
  • Energybits
  • Myanmar Spirulina Factory
  • Klotze
  • Others

Key Topics Covered:

1. Introduction

2. Research methodology

3. Market overview

4. Market dynamics

5. Market segmentation

6. Competitive Landscape

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/jllj8g/global_algae

View source version on businesswire.com: http://www.businesswire.com/news/home/20171107005901/en/

Business Wire
www.businesswire.com

Last updated on: 07/11/2017

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