openPR Logo
Press release

Algal Protein Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate By 2033

08-28-2023 01:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Algal Protein Market

Algal Protein Market

In 2022, the algal protein market was expected to be worth over US$703.891 million. It is predicted that a shift in consumer preferences away from animal-based proteins and toward plant-based alternatives would increase the market for algal protein. By 2033, it's expected to have generated US$ 1,772.7 million, at a 9% CAGR from 2023 to 2033.

The ability of microalgae protein to improve nutritional intake while bolstering the immune system, among other health advantages, may increase demand for the supplement in the nutraceutical sector. The market may have grown due to consumers' active search for plant-based nutritional supplements to boost inherent strength.

Discover the Future of Algal Protein Market: Gain Insights into Shifting Consumer Preferences and Health Benefits - Request a Sample Report Now @
https://www.futuremarketinsights.com/reports/sample/rep-gb-4502

Diabetes, premenstrual heart disease, attention deficit-hyperactivity disorder (ADHD), and many more disorders can all be treated with algae protein. Additionally, it aids with weight loss. Global demand for the product is rising as a result of its higher nutritional content, good effects on the body's defences, and other health advantages. Consumer preferences for plant-based and other meat substitutes have changed as a result of growing sustainability worries, such as the increased greenhouse gas emissions and biodiversity loss associated with the production of meat. This could result in market growth.

The amount of protein in processed foods, beverages, and nutraceutical products is something that producers are constantly aiming towards. Chlorella and spirulina algae are the natural sources of protein that offer the most total protein. Manufacturers of pet food, food & drinks, and nutraceuticals goods are frequently including algae into their products. The fact that algae may be a reliable supply of protein is expected to increase demand for the substance during the ensuing years.

Key Takeaways from the Market Study

According to estimates, the market for algal protein reached US$ 624.2 million in 2018.
The market for algal protein saw a 3.0% CAGR from 2018 to 2022.
By accounting for nearly 62% of the market's overall revenue in 2022, spirulina held the majority of the market in the type sector.
In 2022, dietary supplements accounted for almost 48.3% of total sales.
According to estimates, the United States market for algal protein will have a 26.9% market share in 2022.
Through 2033, a 10.3% CAGR is predicted for the Chinese algal protein market.
On the other side, it is anticipated that the Indian market would grow at a 12.5% CAGR between 2023 and 2033.

"The global market for algal protein is anticipated to expand over the course of the forecast period as a result of factors such as the growing vegan population, higher product usage in food and beverage applications, and growing public awareness of the benefits of leading a healthy lifestyle," remarks an FMI analyst.

Competitive Landscape

Leading companies want to get an advantage in the fiercely competitive market by introducing new items and increasing their manufacturing capacity. The global algal protein market is fiercely competitive due to the large number of players there. The top firms are focusing on capacity increases, partnerships, mergers and acquisitions, along with new product developments in a variety of end-user industries like animal feed, food and beverage and cosmetics.

Prominent players in the algal protein market are:

Far East Microalgae Industries, Co., Ltd.
Bio-engineering Co., Ltd.
Tianjin Norland Biotech Co., Ltd.
Prolgae, NB Laboratories
Cyanotech Corporation, C.B.N.
Gong Bih Enterprise Co., Ltd.
Taiwan Chlorella Manufacturing Company Ltd
Algenol Biotech
Fuqing King Dnarmsa Spirulina Co., Ltd.
Sun Chlorella Corporation.

Elevate Your Algal Protein Market Insights: Stay Ahead in the Competition with Comprehensive Industry Analysis - Secure Your Report Now @
https://www.futuremarketinsights.com/checkout/4502

Some key developments of the leading companies in this market are:

Tofurky, a manufacturer of plant-based meat, partnered with Triton Algae inventions in 2021 to market "algae-based meat developments" that use Triton's "essential red" non-GMO, high in protein algae.

Duplaco BV invested in March 2020 to raise output by 20 times using cutting-edge technology and a cutting-edge research & development facility.

Unilever and biotech startup Algenuity established a new relationship in 2020 to explore the enormous potential microalgae offer to inventing future foods for Unilever's range of plant-based products.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global algal protein market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the algal protein market, the market is segmented on the basis of product form (powder, liquid) by product source (marine algae, fresh water algae), by type (spirulina, chlorella), by application (dietary supplements, food & beverage, animal feed, cosmetics, others) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

Key Segments Profiled in the Algal Protein Market

By Product Form:

Powder
Liquid
By Product Source:

Marine Algae
Fresh Water Algae

By Type:

Spirulina
Chlorella

By Application:

Dietary Supplements
Food & Beverage
Animal Feed
Cosmetics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

Top Reports Related To Food and Beverage Market Insights

Algae Proteins Market: https://www.futuremarketinsights.com/reports/algae-proteins-market

Algae Oil Market: https://www.futuremarketinsights.com/reports/algae-oil-market

Algae Products Market: https://www.futuremarketinsights.com/reports/algae-products-market

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Algal Protein Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate By 2033 here

News-ID: 3184388 • Views:

More Releases from Future Market Insights

AI in IoT Market Set to Reach USD 172.8 Billion by 2035 with 6.4% CAGR Amid Rising Digital Transformation
AI in IoT Market Set to Reach USD 172.8 Billion by 2035 with 6.4% CAGR Amid Risi …
The AI in IoT market is witnessing rapid expansion as enterprises across industries increasingly integrate artificial intelligence with Internet of Things (IoT) systems. Valued at USD 92.9 billion in 2025, the market is projected to reach USD 172.8 billion by 2035, representing a compound annual growth rate of 6.4%. The integration of AI into IoT infrastructure enables predictive analytics, real-time monitoring, and automated control across multiple applications, transforming how businesses
Catalog Management System Market Poised to Reach USD 4.2 Billion by 2035 with Advanced Technology Integration
Catalog Management System Market Poised to Reach USD 4.2 Billion by 2035 with Ad …
The catalog management system (CMS) market is experiencing steady and strategic growth, with its value projected to rise from USD 1.9 billion in 2025 to USD 4.2 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8.1%. The market expansion is primarily fueled by businesses' growing need for centralized product information, streamlined digital operations, and enhanced customer experiences across increasingly complex sales channels. As e-commerce continues to penetrate global
HIFI Electronics Market Set to Double by 2035, Driven by Premium Audio and Technological Innovation
HIFI Electronics Market Set to Double by 2035, Driven by Premium Audio and Techn …
The global HIFI electronics market is poised for remarkable growth over the next decade, projected to expand from USD 17,243.4 million in 2025 to USD 37,227.2 million by 2035. This impressive growth trajectory, representing an absolute increase of nearly USD 19,983.8 million and a compound annual growth rate (CAGR) of 8%, reflects the rising global appetite for premium audio experiences and high-fidelity sound reproduction across personal and professional applications. The expansion
Interrogation Table Market to Reach USD 435.7 Million by 2035, Driven by Security Infrastructure Expansion
Interrogation Table Market to Reach USD 435.7 Million by 2035, Driven by Securit …
The global interrogation table market, valued at USD 321.1 million in 2025, is set to grow steadily to USD 435.7 million by 2035, registering a moderate CAGR of 3.1%. This trajectory reflects a market gradually approaching maturity, where incremental demand for specialized security furniture outweighs rapid expansion. The early stage from 2025 to 2028 is expected to see modest increases in annual revenues, primarily linked to new infrastructure development across

All 5 Releases


More Releases for Protein

Cell-Free Protein Synthesis Market Forecast: Opportunities in High-Throughput Pr …
"Cell-Free Protein Synthesis Market" in terms of revenue was estimated to be worth USD 299.9 million in 2024 and is poised to reach USD 585.3 Million by the year 2034, growing at a CAGR of 7.0% from 2025 to 2034 according to a new report by InsightAce Analytic. Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1445 Latest Drivers Restraint and Opportunities Market Snapshot: Key factors influencing the global cell-free
Plant Protein Market : Latest Market Research Report for Strategic Advantage | S …
Global Plant Protein Market Market Overview: Global Plant Protein Market Report 2022 comes with the extensive industry analysis by Introspective Market Research with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.This research study of Plant Protein involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters
Pea Protein Ingredients Market Prospects, Consumption, Cost Structure, Competiti …
The food industry is continuously searching for healthier and cheaper protein ingredients that can be replaced by animal-based and gluten-based proteins. Pea protein is beneficial due to its low allergenicity, availability, and high nutritional value. The Global Pea Protein Ingredients Market is witnessing a major rise in its revenue from US$ 2.35 Bn in 2021 to US$ 6.78 Bn by 2030. The market is recording a CAGR of 12.5% during
Astonishing growth in Dairy Protein Market Growth? Milk Protein Isolates (MPIs), …
Dairy Protein Market Business Insights and Updates: The latest Market report by a Data Bridge Market Research with the title [Global Dairy Protein Market - Industry Trends and Forecast to 2026] . Dairy Protein Market research analysis and data lend a hand to businesses for the planning of strategies related to COVID-19 impact on industry, investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. Dairy Protein market insights with
Global Plant Protein Market 2019 – Soy Protein, Wheat Protein, Pea Protein | K …
The Global Pea Protein Market Research Report conducts a deep estimation on the present state of Pea Protein Industry with the definition, classification and market scope. The fundamental Pea Protein Industry aspects like competitive landscape structure, eminent industry players, Pea Protein Market size and value is studied. The Pea Protein Market growth trends, development plans, dynamic market driving factors and risk assessment is conducted. All the traders, dealers, distributors of
Protein Packaging Market Report 2018: Segmentation by Product (Rigid packaging, …
Global Protein Packaging market research report provides company profile for Amcor Limited, DuPont, Flexifoil Packaging Pvt., Swiss Pac Private Ltd. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed