Algae Protein Market to Reach USD 1160.62 Million | Global Industry Research on Growth, Trends and Opportunity, 2020-2026
Pune, Maharashtra, India, August 7 2020 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –: In its latest report on Algae Protein Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Algae Protein Market is valued at USD 722.78 Million in 2018 and expected to reach USD 1160.62 Million by 2025 with the CAGR of 7% over the forecast period.
Scope of Algae Protein Market
Algae are a one of the simplest and abundant forms of plant life, ranging from single cell microalgae to largest seaweeds. Algae produce products like biodiesel, protein, fats, carbohydrate and other. Algae contain 10% to 50% of protein dependent upon their sizes. It is usually derived from algae with the benefit of enzymatic or solvent procedures. They are usually extracted from algae that are grown in fresh waters and marines. It is beneficial as they have the ability to improve immune system, decrease fatigue, decrease allergies and inflammation and others. They are widely used in applications such as food and beverages, dietary supplements, cosmetic and personal care and others.Algae protein is also used in the pharmaceutical and personal care businesses. In the personal care industry, skincare creams, lotions, and hair care products use chlorella as an ingredient.
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Algae Proteinmarket report is segmented on the basis oftype, application and by regional & country level. Based upon type, Algae Protein market is classified intoChlorella and Spirulina. Based upon application, Algae Protein market is classified into Dietary Food, Feed Industry, Pharmaceutical Industry and Cosmetics Industry.
The regions covered in this Algae Proteinmarket report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Algae Proteinis sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Algae Protein Market Companies
Algae Protein market report covers prominent players are
The Nutrex Hawaii
TerraVia Holdingsand among others.
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Algae Protein Market Latest News
Cyanotech Corporation Joins the Algae Biomass Organization as the Newest Gold-Level Member
September 12, 2018,Cyanotech Corporation, a global leader in microalgae-based, high-value nutrition and health produces, is proud to announce that it has joined the Algae Biomass Organization (ABO) as its latest Gold-Level member. ABO is a non-profit association whose mission is to promote the growth of viable commercial markets for renewable and sustainable commodities derived from algae.
Algae Protein Market Dynamics
The global Algae Protein market is witnessing substantial growth due to increasing urbanization and economic developments global are driving the growth of global Algae Protein market. According to the WHO report, the worldwide urban population is predictable to grow approximately 1.84% per year between 2015 and 2020, 1.63% per year between 2020 and 2025, and 1.44% per year between 2025 and 2030.
Additionally, growing ageing population is another factor contributing as a factor for the growth of this market in global. According to the WHO report, the pace of population ageing around the world is also increasing dramatically. Between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22% and, the number of people aged 60 years and older will outnumber children younger than 5 years, 80% of older people will be living in low- and middle-income countries. However, the allergic reactions and production cost of algae, Availability of cheap substitutewill restrain the market growth.Furthermore, the consumption of plant-based protein has been increasing from the past decade due to growing vegan population and animal cruelty concerns which further provided that a better growth opportunity for the algae protein market.
Algae Protein Market Regional Analysis –
The North America is dominating the Algae Proteinmarket with the potential rate due togrowing ageing population is another factor contributing as a factor for the growth of this market in this region. According to data from World Population statistics, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). By 2050, one in four people living in Europe and Northern America could be old 65 or over. In 2018, for the first time in history, people aged 65 or overhead outnumbered children less than five years of age globally. The number of people aged 80 years or over is predictable to triple, from 143 million in 2019 to 426 million in 2050.Asia Pacificis expected to emerge as the fastest-growing regional market over the forecast period dueto rising exports and domestic demand for plant-based ingredients are driving the growth of global Algae Protein market.China is one of the largest manufacturers of plant-based ingredients in the region due to the easy obtainability of raw materials in the country.
Key Benefits for Algae ProteinMarket Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
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Algae Protein Market Segmentation –
By Regional & Country Analysis: (North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Algae Protein Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Algae Protein Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Algae Protein Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Algae Protein Market Overview: Quantitative Analysis
4. Chapter – Global Algae Protein Market Analysis: Segmentation By Type
5. Chapter – Global Algae Protein Market Analysis: Segmentation By Application
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