Press release
Algae Protein Market Surges: Sustainable Protein Source Poised for Growth.
According to a recent report by Allied Market Research titled "Algae Protein Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2028," the algae protein market was valued at $361.4 million in 2020. It is projected to reach $709.0 million by 2028, registering a notable CAGR of 8.9% during the period from 2021 to 2028.
▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/13069
The utilization of algae protein as an alternative source of protein is poised to witness significant adoption in the years to come. The conventional methods of animal agriculture have led to a myriad of environmental issues, including deforestation, climate change, biodiversity loss, pollution, and more. Livestock farming is a major contributor to these global challenges, emitting greenhouse gases like N2O, CO2, and CH4.
In response, the shift towards alternative protein sources derived from algae presents an opportunity to develop food products that are not only healthier but also more environmentally sustainable. Algae cultivation offers several advantages, as it can be grown in both freshwater and saline water, as well as on non-arable land. Moreover, algae demonstrates a higher protein yield per unit area and unit time compared to traditional crops. Reports indicate that microalgae can yield between 4 to 15 tons of protein per hectare per year, significantly surpassing the productivity of traditional crops like soybean, which typically yield between 0.6 to 1.2 tons of protein per hectare per year. The abundant protein content in algae is expected to drive market growth in the coming years.
▶️ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.alliedmarketresearch.com/request-for-customization/A12704
The incorporation of algae protein into functional food products remains relatively new in both developing and developed regions. This presents an untapped and lucrative opportunity for algae protein manufacturers in the functional food market. Several companies have invested in research and development to introduce unique and innovative products utilizing algae protein, particularly Spirulina. For example, Squeeze Dried introduced Spirulina-flavored mermaid lemonade, while other manufacturers are launching Spirulina-infused drinks and foods. Additionally, consumers worldwide are increasingly becoming aware of the benefits of protein supplements, further enhancing opportunities for the market.
While the COVID-19 pandemic initially disrupted global supply chains, the impact on the algae protein market has been predominantly positive. Despite encountering challenges during the pandemic's onset, engaged players have adapted and are expected to continue thriving in the evolving market landscape.
Key Findings of the Fin Fish Market:
1. Regional Dominance: North America currently dominates the global algae protein market and is expected to maintain its leading position throughout the forecast period.
2. Type Preference: The spirulina segment held the largest market share in 2020 and is projected to continue growing at a robust CAGR in the coming years.
3. Application Focus: Nutraceuticals/supplements accounted for over four-fifths of the market share in 2020 and are expected to exhibit the highest CAGR during the forecast period.
4. Segment Shift: The chlorella segment is anticipated to experience a slight decline in market share in the future.
5. Regional Growth: Asia-Pacific is poised to witness significant growth with a robust CAGR during the forecast period, indicating emerging opportunities in the region.
▶️ 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/A12704
The demand for algae protein surged during the pandemic due to increased consumer awareness of health and fitness.
The global algae protein market is segmented by type (spirulina and chlorella) and application (nutraceuticals/supplements, food & beverages, and others). It is analyzed across North America, Europe, Asia Pacific, and LAMEA regions.
Key players in the algae protein market include Cyanotech Corporation, C.B.N. Bio-engineering Co., Ltd, Far East Microalgae Industries, Co., Ltd., Fuqing King Dnarmsa Spirulina Co., ltd., Gong Bih Enterprise Co., Ltd., Algenol biotech, Sun Chlorella Corporation, NB Laboratories, Taiwan Chlorella Manufacturing Company Ltd, and Tianjin Norland Biotech Co., Ltd.
Contact
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (toll-free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on Blog: https://www.dailyreportsworld.com/
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
We have professional corporate relations with various companies, and this helps us dig out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/13069
The utilization of algae protein as an alternative source of protein is poised to witness significant adoption in the years to come. The conventional methods of animal agriculture have led to a myriad of environmental issues, including deforestation, climate change, biodiversity loss, pollution, and more. Livestock farming is a major contributor to these global challenges, emitting greenhouse gases like N2O, CO2, and CH4.
In response, the shift towards alternative protein sources derived from algae presents an opportunity to develop food products that are not only healthier but also more environmentally sustainable. Algae cultivation offers several advantages, as it can be grown in both freshwater and saline water, as well as on non-arable land. Moreover, algae demonstrates a higher protein yield per unit area and unit time compared to traditional crops. Reports indicate that microalgae can yield between 4 to 15 tons of protein per hectare per year, significantly surpassing the productivity of traditional crops like soybean, which typically yield between 0.6 to 1.2 tons of protein per hectare per year. The abundant protein content in algae is expected to drive market growth in the coming years.
▶️ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.alliedmarketresearch.com/request-for-customization/A12704
The incorporation of algae protein into functional food products remains relatively new in both developing and developed regions. This presents an untapped and lucrative opportunity for algae protein manufacturers in the functional food market. Several companies have invested in research and development to introduce unique and innovative products utilizing algae protein, particularly Spirulina. For example, Squeeze Dried introduced Spirulina-flavored mermaid lemonade, while other manufacturers are launching Spirulina-infused drinks and foods. Additionally, consumers worldwide are increasingly becoming aware of the benefits of protein supplements, further enhancing opportunities for the market.
While the COVID-19 pandemic initially disrupted global supply chains, the impact on the algae protein market has been predominantly positive. Despite encountering challenges during the pandemic's onset, engaged players have adapted and are expected to continue thriving in the evolving market landscape.
Key Findings of the Fin Fish Market:
1. Regional Dominance: North America currently dominates the global algae protein market and is expected to maintain its leading position throughout the forecast period.
2. Type Preference: The spirulina segment held the largest market share in 2020 and is projected to continue growing at a robust CAGR in the coming years.
3. Application Focus: Nutraceuticals/supplements accounted for over four-fifths of the market share in 2020 and are expected to exhibit the highest CAGR during the forecast period.
4. Segment Shift: The chlorella segment is anticipated to experience a slight decline in market share in the future.
5. Regional Growth: Asia-Pacific is poised to witness significant growth with a robust CAGR during the forecast period, indicating emerging opportunities in the region.
▶️ 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/A12704
The demand for algae protein surged during the pandemic due to increased consumer awareness of health and fitness.
The global algae protein market is segmented by type (spirulina and chlorella) and application (nutraceuticals/supplements, food & beverages, and others). It is analyzed across North America, Europe, Asia Pacific, and LAMEA regions.
Key players in the algae protein market include Cyanotech Corporation, C.B.N. Bio-engineering Co., Ltd, Far East Microalgae Industries, Co., Ltd., Fuqing King Dnarmsa Spirulina Co., ltd., Gong Bih Enterprise Co., Ltd., Algenol biotech, Sun Chlorella Corporation, NB Laboratories, Taiwan Chlorella Manufacturing Company Ltd, and Tianjin Norland Biotech Co., Ltd.
Contact
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (toll-free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on Blog: https://www.dailyreportsworld.com/
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
We have professional corporate relations with various companies, and this helps us dig out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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