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Surging Vegan Population Drives Growth in Algae Protein Market: A Key Factor Shaping the Future of the Algae Protein Market in 2025

02-07-2025 08:59 AM CET | Food & Beverage

Press release from: The Business Research Company

Algae ProteinMarket Market

Algae ProteinMarket Market

What Are the Projections for the Size and Growth Rate of the Algae Protein Market?
In the recent past, the size of the algae protein market has seen robust growth. Its projected growth is from $3.87 billion in 2024 and is expected to reach $4.3 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. The surge in growth observed during the historical period can be credited to a rising demand for plant-based proteins, heightened awareness about environmental impacts, heightened recognition of the nutritional aspects of algae, and an escalation in venture capital and governmental funding for research and development in algae protein. There's also been an increased application in the food and beverage industry.

Rapid expansion is anticipated in the size of the algae protein market in the coming years, with an expected valuation of $6.49 billion in 2029 and a compound annual growth rate (CAGR) of 10.8%. This growth prediction for the period is due to factors such as broadening product usage, augmented consumer enlightenment and discernment, regulatory backing, and increasing acceptance of algae protein in nascent markets, along with an upsurge in policies supporting sustainable food sources. During this period, key trends would involve advancements in protein extraction methods, genetic modification for higher protein-rich algae strains, the employment of automation and AI for monitoring, the use of nanotech to promote bioavailability, and the creation of new mixtures.

What Are the Primary Growth Drivers for the Algae Protein Market?
The augmentation in the number of vegans is predicted to stimulate the expansion of the algae protein market moving forward. The term vegan population denotes the community of individuals who adhere to dietary and lifestyle choices that shun all animal-derived products and by-products. The spike in this number arises due to enhanced consciousness about animal rights, health advantages, environmental apprehensions, and the easy availability of plant-based food alternatives. Algae protein provides a sustainable and nutrient-dense source of plant-based protein for this vegan demographic. For example, as conveyed by the Plant-Based Foods Association in April 2023, a trade association based in the US representing the plant-based food sector, about 70% of the total U.S. population ate plant-based food in 2022, a significant increase from 66% the previous year. Hence, the escalation in the vegan populace will fuel the expansion of the algae protein market.

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Which Businesses Are at the Forefront of Algae Protein Market Development?
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

What Are the Latest Innovations in the Algae Protein Market?
Leading corporations in the algae protein industry have been embracing the method of strategic partnerships in an effort to create novel products based on algae protein. These strategic partnerships provide algae protein businesses with combined resources and expertise, boosting their research and development capacities and expediting the commercialization process. For example, in September 2022, a vegan food creator from the US called Turtle Island Foods formed a partnership with Triton Algae Innovations, an establishment focused on plant-based protein production. With Triton's non-GMO, high protein red algae, this partnership hopes to bring new meat substitutes to market. Triton employs a technique to trigger the transformation of its green algae (Chlamydomonas reinhardtii) to red, resulting in the production of heme, which endows the algae with an exclusive nutritional and functional profile. The entire algae ingredient (Essential Red) has a protein content of 40-50%, in addition to minerals and carotenoids such as astaxanthin and beta-carotene.

How Is the 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 supplemen*ts, Human Food, Animal Feed, Pharmaceutical, Other Applications

Subsegments:
1) By Microalgae: Spirulina, Chlorella, Dunaliella, Haematococcus, Aphanizomenon, Other Microalgae Species
2) By Macroalgae: Red Algae, Green Algae, Brown Algae, Kelp, Seaweed

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Where Is the Algae Protein Market Growth Most Prominent?
Asia-Pacific was the largest region in the algae protein market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the algae protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Algae Protein Global Market Report?

- Market Size Analysis: Analyze the Algae Protein Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Algae Protein Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Algae Protein Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Algae Protein Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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