Global Algae Protein Market 2024-2028

The algae protein market is forecasted to grow by USD 162.2 mn during 2023-2028, accelerating at a CAGR of 6.7% during the forecast period. The report on the algae protein market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for nutritious food and beverages, increasing awareness about health benefits of algae protein, and high protein concentration of algae protein when compared to alternatives.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.1%
CAGR	6.7%
Incremental Value	$162.2 mn

Technavio's algae protein market is segmented as below:

By Type

Spirulina
Chlorella
Others

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the growing demand for naturally obtained health supplements as one of the prime reasons driving the algae protein market growth during the next few years. Also, increasing global vegan population and rising trend of dietary supplements will lead to sizable demand in the market.

The report on the algae protein market covers the following areas:

Algae Protein Market sizing
Algae Protein Market forecast
Algae Protein Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading algae protein market vendors that include Corbion nv, Cyanotech Corp., DIC Corp., Duplaco BV, EID 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 Algae Innovations, Vimergy LLC, Yunnan Green A Biological Project Co. Ltd., and Zhejiang Binmei Biotechnology Co. Ltd.. Also, the algae protein market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR72865

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value Chain Analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

5 Historic Market Size

5.1 Global Algae Protein Market 2018 - 2022
- Historic Market Size - Data Table on Global Algae Protein Market 2018 - 2022 ($ million)
5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
5.3 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
5.4 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on Global Algae Protein Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Spirulina - Market size and forecast 2023-2028
- Chart on Spirulina - Market size and forecast 2023-2028 ($ million)
- Data Table on Spirulina - Market size and forecast 2023-2028 ($ million)
- Chart on Spirulina - Year-over-year growth 2023-2028 (%)
- Data Table on Spirulina - Year-over-year growth 2023-2028 (%)
8.4 Chlorella - Market size and forecast 2023-2028
- Chart on Chlorella - Market size and forecast 2023-2028 ($ million)
- Data Table on Chlorella - Market size and forecast 2023-2028 ($ million)
- Chart on Chlorella - Year-over-year growth 2023-2028 (%)
- Data Table on Chlorella - Year-over-year growth 2023-2028 (%)
8.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

10.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
10.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
10.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
10.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
10.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
10.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
10.8 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
10.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
10.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
10.11 Ireland - Market size and forecast 2023-2028
- Chart on Ireland - Market size and forecast 2023-2028 ($ million)
- Data Table on Ireland - Market size and forecast 2023-2028 ($ million)
- Chart on Ireland - Year-over-year growth 2023-2028 (%)
- Data Table on Ireland - Year-over-year growth 2023-2028 (%)
10.12 Spain - Market size and forecast 2023-2028
- Chart on Spain - Market size and forecast 2023-2028 ($ million)
- Data Table on Spain - Market size and forecast 2023-2028 ($ million)
- Chart on Spain - Year-over-year growth 2023-2028 (%)
- Data Table on Spain - Year-over-year growth 2023-2028 (%)
10.13 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
10.14 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
10.15 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
10.16 Mexico - Market size and forecast 2023-2028
- Chart on Mexico - Market size and forecast 2023-2028 ($ million)
- Data Table on Mexico - Market size and forecast 2023-2028 ($ million)
- Chart on Mexico - Year-over-year growth 2023-2028 (%)
- Data Table on Mexico - Year-over-year growth 2023-2028 (%)
10.17 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
10.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

11 Drivers, Challenges, and Opportunity/Restraints

11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints

12 Competitive Landscape

12.1 Overview
12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
- Overview on factors of disruption
12.4 Industry risks
- Impact of key risks on business

13 Competitive Analysis

13.1 Companies profiled
- Companies covered
13.2 Company ranking index
- Company ranking index
13.3 Market positioning of companies
- Matrix on companies position and classification
13.4 Corbion nv
- Corbion nv - Overview
- Corbion nv - Business segments
- Corbion nv - Key news
- Corbion nv - Key offerings
- Corbion nv - Segment focus
- SWOT
13.5 Cyanotech Corp.
- Cyanotech Corp. - Overview
- Cyanotech Corp. - Product / Service
- Cyanotech Corp. - Key offerings
- SWOT
13.6 DIC Corp.
- DIC Corp. - Overview
- DIC Corp. - Business segments
- DIC Corp. - Key news
- DIC Corp. - Key offerings
- DIC Corp. - Segment focus
- SWOT
13.7 EID Parry India Ltd.
- EID Parry India Ltd. - Overview
- EID Parry India Ltd. - Business segments
- EID Parry India Ltd. - Key offerings
- EID Parry India Ltd. - Segment focus
- SWOT
13.8 ENERGYbits Inc.
- ENERGYbits Inc. - Overview
- ENERGYbits Inc. - Product / Service
- ENERGYbits Inc. - Key offerings
- SWOT
13.9 Natures Power Nutraceuticals Corp.
- Natures Power Nutraceuticals Corp. - Overview
- Natures Power Nutraceuticals Corp. - Product / Service
- Natures Power Nutraceuticals Corp. - Key offerings
- SWOT
13.10 NOW Health Group Inc.
- NOW Health Group Inc. - Overview
- NOW Health Group Inc. - Product / Service
- NOW Health Group Inc. - Key offerings
- SWOT
13.11 Phycom BV
- Phycom BV - Overview
- Phycom BV - Product / Service
- Phycom BV - Key offerings
- SWOT
13.12 Prolgae Spirulina Supplies Pvt. Ltd.
- Prolgae Spirulina Supplies Pvt. Ltd. - Overview
- Prolgae Spirulina Supplies Pvt. Ltd. - Product / Service
- Prolgae Spirulina Supplies Pvt. Ltd. - Key offerings
- SWOT
13.13 Vimergy LLC
- Vimergy LLC - Overview
- Vimergy LLC - Product / Service
- Vimergy LLC - Key offerings
- SWOT

14 Appendix

14.1 Scope of the report
14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
14.3 Currency conversion rates for US$
- Currency conversion rates for US$
14.4 Research methodology
- Research methodology
14.5 Data procurement
- Information sources
14.6 Data validation
- Data validation
14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
14.8 Data synthesis
- Data synthesis
14.9 360 degree market analysis
- 360 degree market analysis
14.10 List of abbreviations
- List of abbreviations