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Algae Protein Market 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Roquette Freres SA, E.I.D-Parry Limited, Corbion NV, Now Health Group Inc., Rainbow Light Nutritional Systems
Algae Protein Global Market Report 2024
As per the report, the algae protein market size has grown rapidly in recent years. It will grow from $3.50 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The algae protein market size is expected to see rapid growth in the next few years. It will grow to $5.86 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
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What Is Driving The Growth Of The Global Algae Protein Market?
Surging Vegan Population Drives Growth in Algae Protein Market
The surge in the vegan population is expected to propel the growth of the algae protein market going forward. The vegan population refers to the group of people who follow a diet and lifestyle that excludes all animal products and by-products. The surge in the vegan population is due to increased awareness of animal welfare, health benefits, environmental concerns, and the availability of plant-based food options. Algae protein serves as a sustainable, nutrient-rich source of plant-based protein for the vegan population.
What Is The Key Trend In The Global Algae Protein Market?
Turtle Island Foods and Triton Algae Innovations Entered Into Strategic Partnership
Major companies operating in the algae protein market are adopting strategic partnerships approach to develop innovative algae-based protein products. Strategic partnerships help algae protein companies by combining resources and expertise, enhancing research and development capabilities, and accelerating commercialization.
How Is The Global Algae Protein Market Segmented?
The algae protein market covered in this report is segmented -
1) By Type: Microalgae, Macroalgae
2) By Source: Freshwater, Marine
3) By Application: Dietary Supplements, Human Food, Animal Feed, Pharmaceutical, Other Applications
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How Is The Competitive Landscape Of The Global Algae Protein Market?
Major companies operating in the algae protein market are Roquette Freres SA, E.I.D-Parry Limited, Corbion NV, Now Health Group Inc., Rainbow Light Nutritional Systems, Far East Bio-Tec Co. Ltd., Cyanotech Corporation, Heliae Development LLC, Earthrise Nutritionals LLC, Algenol Biotech LLC, Algenuity Limited, Triton Algae Innovations Ltd., AlgaEnergy, Prairie Naturals, ALGAMA Foods, Qualitas Health Inc., ENERGY bits Inc. , Vimergy LLC, AlgoSource SA, Aliga ApS, Pond Technologies Holdings Inc., Seagrass Tech Private Limited, EnerGaia Pte Ltd., GreenCoLab, Phycom BV
Contents Of The Global Algae Protein Market
1. Executive Summary
2. Algae Protein Market Report Structure
3. Algae Protein Market Trends And Strategies
4. Algae Protein Market - Macro Economic Scenario
5. Algae Protein Market Size And Growth
…..
27. Algae Protein Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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