Home > Food & Beverages > Proteins > Plant-Based Proteins > Algae Protein Market

Algae Protein Market Share

Report ID: GMI4550
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Algae Protein Market Share

These firms are adopting key strategies, such as investments in R&D activities to innovate and improve product lines for ensuring that they cater to different consumer needs. They are forming strategic partnerships and collaborations with food and beverage manufacturers to expand brands and reach wider audiences. Marketing efforts are also being strengthened through educational campaigns, highlighting the nutritional benefits and shelf life of algae proteins.

Algae Protein Market Share

Major companies operating in the algae protein industry include:

Heliae Development LLC
AlgalR NutraPharms Pvt Ltd
ENERGYbits Inc
Fuqing King Dnarmsa Spirulina Co., Ltd
Far East Bio-Tec Co., Ltd. (FEBICO)
Bliss Lifesciences LLP
Cyanotech Corporation
Euglena Co Ltd
Roquette Klötze GmbH & Co. KG
Veramaris
Nutrex Hawaii Inc
JUNE Group of Companies (JUNE Spirulina)
Prolgae Spirulina Supplies Pvt. Ltd
Corbion NV, Allmicroalgae
Yunnan Green A Biological Project Co., Ltd
JFE Steel Corporation
Phycom Microalgae
E.I.D. Parry (India) Limited
Earthrise Nutritionals LLC. (DIC Corporation)

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of algae protein reached USD 876 million in 2023 and is set to witness 5.4% CAGR from 2024 to 2032, led by the rising demand for sustainable and plant-based protein sources worldwide.

The seaweed source segment is projected to surpass USD 722.67 million by 2032, due to its high nutritional value and sustainable cultivation methods.

The powder dosage form segment in the algae protein industry is poised to account for USD 742.4 million by 2032, owing to its convenience, versatility, and extended shelf life.

North America market size dominated around USD 266 million in 2023 and is slated to grow at 4.8% CAGR between 2024 and 2032, led by the increasing consumer demand for plant-based and sustainable protein sources