Algae Protein Market Key Data Points Mapped Including Top Key Players, Industry Scenario, Strategies, and Growth Factors for the Forecast Period Up to 2030
Algae Protein Market was USD 740.14 Million in 2019 and anticipated to reach USD 1,222.56 Million by 2026 with the CAGR of 7.4% over the forecast period. Rising awareness about the algae proteins and their associated advantages has resulted in the expanding acceptance of algae proteins around the world. Moreover, escalating demand for algae proteins as functional ingredients in processed foods has increased the demand for algae proteins.
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Rising consumption of algae proteins in the form of processed foods due to the urbanization and surging demand for convenience foods is projected to have a positive impact on the algae protein market. On the other hand, the presence of alternative protein food products may restrict the market growth.
The market for glutathione is intensely competitive and is highly fragmented. The vendors in the glutathione market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Corbion, Vimergy LLC, Cyanotech Corporation, NOW Foods, Earthrise Nutritional, Prairie Naturals, E.I.D. - Parry Limited, ENERGYbits Inc., Rainbow Light, Far East Bio-Tec Co., Ltd and others.
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Algae proteins Market Segmentation By Type (Market Size & Forecast 2020-2026)
Algae proteins Market Segmentation By Source (Market Size & Forecast 2020-2026)
Algae proteins Market Segmentation By Application (Market Size & Forecast 2020-2026)
Bakery & Confectionery
Algae proteins Market Segmentation By Region (Market Size & Forecast 2020-2026)
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Review period: (2016-2026)
Historic Period: 2016 to 2019
Forecast Period: 2020 to 2026
Base Year: 2019
Unit: USD Million
This Algae Protein market report provides insights on new trade regulations, import export analysis, industry value chain analysis, market size, consumption, production analysis, capacity analysis, regional and segment market share, product launches, product pipeline analysis, impact of Covid-19 on supply chain, key regions, untapped markets, patent analysis, product approvals, continuous innovations and developments in the market.
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