Algae Protein Market size to exceed $1bn by 2026

Algae Protein Market size is set to surpass USD 1 Billion by 2026, according to a new research report by Global Market Insights, Inc.
 

Alternative proteins represent heft demand among health-conscious consumers in form of protein bars and snacks. Array of disease resistance features including fiber and phytonutrients has emerged spirulina usage as food colorant and essential functional food ingredient. Natural food ingredients are witnessing considerable attention among customers owing to rising concerns over health profiles and trend towards clean label food products.

 

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Spirulina powder are primarily used as dietary supplement extracted from biomass of cyanobacteria or blue-green algae. Spirulina is witnessing increased demand as dietary supplement on account of its excellent nutritional, antioxidants and vitamin B profile. Spirulina lowers blood pressure, improves muscle strength and provides excellent treatment against anemia.
 

Growing algae extraction from seaweed will foster algae protein market demand

According to market insights reports, algae extraction from seaweed has raised great interest owing to its application among food manufacturing. Seaweed is a rich source of diverse biochemicals including proteins, lipids, amino acids, polysaccharides, minerals and peptides which enhances its application among food industry.
 

Red seaweeds constitute high protein levels and is cultivated to extract agar and carrageenan for processed food products. These seaweeds witness increased applications in Japanese cuisine in soups, salads, and as a wrap for sushi rolls.
 

“As per industry forecasts, Chlorella algae protein market share will rise over 45% at the end of 2026 owing to robust demand for nutritional products”.
 

Browse key industry insights spread across 220 pages with 457 market data tables and 20 figures & charts from the report, “Algae Protein Market Statistics By Source (Seaweed {Brown Algae, Green Algae and Red Algae}, Micro algae {Blue-Green Algae, Others}), By Product (Spirulina, Chlorella), By Dosage Form (Capsules, Liquid, Powder), By Application (Dietary Supplements, Food & Beverage (Bakery & Confectionery, Protein Drinks, Breakfast Cereals, Snacks), Animal Feed, Cosmetics) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/algae-protein-market
 

Increasing consumption of powdered form to spur algae protein industry outlook

According to algae proteins market analysis, powdered form is anticipated to witness significant gains over 5% up to 2026. Powdered form is widely preferred by consumers since it is easily absorbed and digested by human body. Spirulina powder is produced without any additives and chemicals, hence witness increasing demand from malnourished and protein deficient people.  Setup of fitness centers and health clubs will foster powdered supplements demand among athletes, sports person and gym professionals. These factors will have a positive impact on global market growth.
 

“As per the analysis, algae protein market from food and beverage application is forecasted to grow over 6% up to 2026 due to its demand as natural colorant in food and beverage products.”
 

Increased production in North America will foster algae protein industry demand

North America is experiencing lucrative opportunities for organic algae protein powders enhanced production and will remain leading market for spirulina and chlorella powder manufacturers and distributors. North America accounts for major share in global market primarily due to heavy consumption of health supplements, strict regulations against the use of synthetic food color along with presence of key spirulina manufacturers in the U.S.
 

Key market participants in algae protein market are Phycom Microalgae, Roquette Klötze GmbH & Co. KG, Corbion NV, ENERGYbits Inc., All microalgae, Far East Bio-Tec Co., Ltd, Heliae Development LLC, and Myanmar Spirulina Factory.
 

According to market trends, several market players are also involved in various strategies and initiatives including innovative product launches, technological advancements, and mergers & acquisition in order to gain significant market share.
 

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