Algae proteins Market Growth Analysis by top Companies

Algae Protein Market is valued at USD 722.78 Millionin 2018 and expected to reach USD 1160.62 Millionby 2025 with the CAGR of 7% over the forecast period by Brandessence Market Research.

Increasing awareness among consumers regarding algae proteins such as spirulina for its health benefits and High demand of algae products from Nutraceutical and pharmaceutical industries are driving the growth of global 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.

Algae Protein Market 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 Protein Market 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.

Key Players Algae Protein Market Reports-

Algae Protein Market report covers prominent playersareThe Nutrex Hawaii, Cyanotech Corporation, Heliae Development, TerraVia Holdingsand among others.

Cyanotech Corporation Joins the Algae Biomass Organization as the Newest Gold-Level Member

News: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.

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Algae Protein Market Regional Analysis –

The North America is dominating the Algae Protein Market 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 Protein Market 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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