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Algae Protein Market Size To Grow By USD 171.7 Million From 2021 To 2026 | 17000+ Technavio Research Reports

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Apr 01, 2022, 05:30 ET

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NEW YORK, April 1, 2022 /PRNewswire/ -- The algae protein market potential growth difference will reach USD 171.7 million, as per the latest market analysis report by Technavio. The report also predicts the market to witness an accelerating growth momentum at a CAGR of 7.75% from 2021 to 2026. Growing demand for nutritious food and beverages, increasing awareness about the health benefits of algae protein, and high protein concentration when compared to alternatives will offer immense growth opportunities. However, stringent regulations may impede the market growth.

Technavio has announced its latest market research report titled Algae Protein Market by Type and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Algae Protein Market by Type and Geography - Forecast and Analysis 2022-2026

For more insights on the CAGR and YOY growth rate, Read Free Sample Report

Algae Protein Market Segment Highlights

  • Type
    • Spirulina
      Spirulina segment held the largest type segment of algae protein market. The segment will continue to account for the largest share throughout the forecast period as spirulina is extensively used in the nutraceutical industry due to its health benefits. It is an organic health supplement and can help combat malnutrition and provide improved health to the user.
    • Chlorella
    • Others
  • Geography
    • Europe
      39% of the market's growth will originate from Europe during the forecast period. France and Ireland are the key markets for the algae protein market in Europe. The growing aquaculture industry will facilitate the algae protein market growth in Europe over the forecast period.
    • North America
    • APAC
    • South America
    • Middle East And Africa

Download PDF Sample Report for more analysis on the contribution of each segment

Algae Protein Market Vendor Landscape

The algae protein market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market. The market is fragmented because of the presence of several international and domestic vendors. Companies are engaging in launching innovative products and solutions for strengthening their position in the market. For instance, Corbion NV offers AlgaPrimeTM DHA that brings the amazing power of algae to the aquaculture industry with a traceable, sustainable, high-quality alternative to fish oil.

Top Algae Protein Market Vendors covered in this report are:

  • Corbion NV
  • Cyanotech Corp.
  • DIC Corp.
  • Duplaco BV
  • E.I.D. Parry India Ltd.
  • ENERGYbits Inc.
  • Far East Bio Tec Co. Ltd.
  • Fuqing King Dnarmsa Spirulina Co. Ltd.
  • JUNE Group of Companies
  • Natures Power Nutraceuticals Corp.
  • NOW Health Group Inc.
  • Phycom BV
  • Prolgae Spirulina Supplies Pvt. Ltd.
  • Roquette Klotze GmbH and Co. KG
  • Seagrass Tech Pvt. Ltd.
  • Tianjin Norland Biotech Co. Ltd
  • Triton
  • Vimergy LLC
  • Yunnan Green A Biological Project Co. Ltd.
  • Zhejiang Binmei Biotechnology Co. Ltd.

View Report Snapshot to Learn more about the vendors and their strategic initiatives

Algae Protein Market Scope

Technavio categorizes the global algae protein market as a part of the global packaged foods and meats market. Our report provides extensive information on the value chain analysis for the algae protein market, which vendors can leverage to gain a competitive advantage during the forecast period.

The report also covers the following areas:

  • Algae Protein Market size
  • Algae Protein Market trends
  • Algae Protein Market industry analysis

Algae Protein Market Takeaways

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist algae protein market growth during the next five years
  • Estimation of the algae protein market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the algae protein market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of algae protein market vendors

Related Reports:

Plant Based Protein Products Market by Product and Geography - Forecast and Analysis 2021-2025

Algae Protein Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.75%

Market growth 2022-2026

$ 171.7 million

Market structure

Fragmented

YoY growth (%)

5.71

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 39%

Key consumer countries

US, China, India, France, and Ireland

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Corbion NV, Cyanotech Corp., DIC Corp., Duplaco BV, E.I.D. Parry India Ltd., ENERGYbits Inc., Far East Bio Tec Co. Ltd., Fuqing King Dnarmsa Spirulina Co. Ltd., JUNE Group of Companies, Natures Power Nutraceuticals Corp., NOW Health Group Inc., Phycom BV, Prolgae Spirulina Supplies Pvt. Ltd., Roquette Klotze GmbH and Co. KG, Seagrass Tech Pvt. Ltd., Tianjin Norland Biotech Co. Ltd, Triton, Vimergy LLC, Yunnan Green A Biological Project Co. Ltd., and Zhejiang Binmei Biotechnology Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Spirulina - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Spirulina - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Spirulina - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Spirulina - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Spirulina - Year-over-year growth 2021-2026 (%)
  • 5.4 Chlorella - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Chlorella - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Chlorella - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Chlorella - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Chlorella - Year-over-year growth 2021-2026 (%)
  • 5.5 Others - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Type
    • Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 France - Market size and forecast 2021-2026
    • Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.11 Ireland - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Ireland - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Ireland - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Ireland - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Ireland - Year-over-year growth 2021-2026 (%)
  • 7.12 India - Market size and forecast 2021-2026
    • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Corbion NV
    • Exhibit 93: Corbion NV - Overview
    • Exhibit 94: Corbion NV - Business segments
    • Exhibit 95: Corbion NV - Key offerings
    • Exhibit 96: Corbion NV - Segment focus
  • 10.4 Cyanotech Corp.
    • Exhibit 97: Cyanotech Corp. - Overview
    • Exhibit 98: Cyanotech Corp. - Product / Service
    • Exhibit 99: Cyanotech Corp. - Key offerings
  • 10.5 DIC Corp.
    • Exhibit 100: DIC Corp. - Overview
    • Exhibit 101: DIC Corp. - Business segments
    • Exhibit 102: DIC Corp. - Key news
    • Exhibit 103: DIC Corp. - Key offerings
    • Exhibit 104: DIC Corp. - Segment focus
  • 10.6 E.I.D. Parry India Ltd.
    • Exhibit 105: E.I.D. Parry India Ltd. - Overview
    • Exhibit 106: E.I.D. Parry India Ltd. - Business segments
    • Exhibit 107: E.I.D. Parry India Ltd. - Key offerings
    • Exhibit 108: E.I.D. Parry India Ltd. - Segment focus
  • 10.7 ENERGYbits Inc.
    • Exhibit 109: ENERGYbits Inc. - Overview
    • Exhibit 110: ENERGYbits Inc. - Product / Service
    • Exhibit 111: ENERGYbits Inc. - Key offerings
  • 10.8 Natures Power Nutraceuticals Corp.
    • Exhibit 112: Natures Power Nutraceuticals Corp. - Overview
    • Exhibit 113: Natures Power Nutraceuticals Corp. - Product / Service
    • Exhibit 114: Natures Power Nutraceuticals Corp. - Key offerings
  • 10.9 NOW Health Group Inc.
    • Exhibit 115: NOW Health Group Inc. - Overview
    • Exhibit 116: NOW Health Group Inc. - Product / Service
    • Exhibit 117: NOW Health Group Inc. - Key offerings
  • 10.10 Phycom BV
    • Exhibit 118: Phycom BV - Overview
    • Exhibit 119: Phycom BV - Product / Service
    • Exhibit 120: Phycom BV - Key offerings
  • 10.11 Prolgae Spirulina Supplies Pvt. Ltd.
    • Exhibit 121: Prolgae Spirulina Supplies Pvt. Ltd. - Overview
    • Exhibit 122: Prolgae Spirulina Supplies Pvt. Ltd. - Product / Service
    • Exhibit 123: Prolgae Spirulina Supplies Pvt. Ltd. - Key offerings
  • 10.12 Vimergy LLC
    • Exhibit 124: Vimergy LLC - Overview
    • Exhibit 125: Vimergy LLC - Product / Service
    • Exhibit 126: Vimergy LLC - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 127: Inclusions checklist
    • Exhibit 128: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 129: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 130: Research methodology
    • Exhibit 131: Validation techniques employed for market sizing
    • Exhibit 132: Information sources
  • 11.5 List of abbreviations
    • Exhibit 133: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

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