Algae protein is a rare source of protein that contains all the essential amino acids needed for a healthy lifestyle. Recent years have witnessed a rise in health-conscious individuals who are adopting healthier lifestyles. This has resulted in increased preference to food that enriched with nutrients including protein, vitamins, and minerals. Organic blue-green algae such as spirulina, chlorella, and Aphanizomenon Flos Aquae (AFA) are considered as superfoods. They contain high concentrations of vitamins, amino acids, complete protein, omega 3, and other essential fatty acids needed to carry out diverse body functions. Algae proteins are also used in the production of various cosmetics products. With the rise in women working force and high purchasing power, the sales of cosmetics are rising. This, in turn, is accelerating the demand for algae protein, fostering the ground for market expansion.
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Accelerated Demand for Healthy Food and Beverages Exhibits Robust Growth Prospects
Algae proteins come in all kinds of forms including powder, capsules, liquid, and pastes. They are proven to facilitate weight loss, relieve fatigue and anxiety. It is also used to treat diabetes, attention deficit-hyperactivity disorder (ADHD), and premenstrual heart disease. Significantly, functional drinks that contain algae protein have numerous health benefits and a refreshing taste. In addition, they have positive effects on the immune system. Moreover, with the increased concerns around animal cruelty and growing vegan population, the consumption of plant-based protein has risen at record pace. Developed economies are experiencing demand upheaval apropos to protein consumption. This increased demand for healthy food and beverages is expected to create strong tailwinds for the algae protein market.
Use of Algae Protein in Animal Feed to Facilitate Market Expansion
Apart from food applications, algae proteins are also used as protein supplements in animal feed or as fertilizers. Of late, algae proteins have emerged as a sustainable animal feed solution. They are rich in protein and can act as a fodder for various animals including horses, dogs, cats, cows, and aquarium fish. Additionally, the need to find alternative protein sources in the animal nutrition sector has further propelled the adoption of algae protein. Since years, algae protein is used to feed animals in poor and disadvantaged areas of coastal regions. Therefore, increased use as animal feed is predicted to create strong tailwinds for the algae protein market in the coming years.
North America to Forge itself as Key Region Amid Changing Consumer Habits
North America is experiencing increased adoption of dietary supplements and food products. This is mainly attributed to the rise in fitness-conscious consumers in the United States, Canada, and Mexico. Various macro factors including busy lifestyles, poor eating habits, and rising health concerns are also propelling the demand for nutritional supplements. Then, the surging demand for nutraceuticals that have nutritious ingredients, and increased focus on preventive healthcare are also expected to drive product demand in North America. The cumulative of these factors is likely to unlock transformational opportunities for algae protein market in the years to come.
Prominent Market Players
Some of the major players in the global algae protein market include Taiwan Chlorella Manufacturing Company Ltd, C.B.N. Bio-engineering Co. Ltd, Far East Microalgae Industries Co. Tianjin Norland Biotech Co. Ltd, Cyanotech Corporation, Ltd, Sun Chlorella Corporation, Fuqing King Dnarmsa Spirulina Co. Ltd, NB Laboratories, Algenol Biotech, and Gong Bih Enterprise Co. Ltd.
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The report further presents the data on percentage volume and market share value by players, by product type, applications, regions, and also price variations.About Algae Protein MarketAlgae Protein Market was valued at $4.81 billion in 2016 and is projected to reach $12.81 billion by 2024, growing at a CAGR of 13.3% from 2017 to 2024.By application type, Bus segment, generated the highest revenue share of $1.28 billion in 2016, growing at a CAGR of 13.6% in the global AFC market.
An Algae Protein, or AFC system, is a set of components that helps in the automation of ticketing systems of a public transportation network.
AFC enhances the efficiency in fare collection, improves the overall transaction rate, and saves an extensive amount of time, thereby minimizing waiting time in queues and searching for cash to buy tickets.
The accessing is monitored by technological advancements, diversified investment habits, in-depth study on a product by defining overview and specifications.The report further shifts the focus on the global Algae Protein market through industry status, growth opportunities, forecasts, key participants, and key players.Important facts about the Algae Protein market reportThe global keyword market report compares different approaches and methods that are very well calibrated by the key players of the Algae Protein market to make accurate business decisions.The Algae Protein market report designs several parameters that include strategic analysis, emerging factors, production value and capacity, and others are also well presented in the research report.The report also helps to reveal market definition, product specifications, market share, value chain analysis, demand and supply ratio, and import/export details.Competitive LandscapeKey players profiled in the report include:Cyanotech CorporationFar East Bio-Tec Co.Ltd.Heliae Development LLCNutrex Hawaii Inc.Corbion Biotech, Inc.Earthrise NutritionalI.D.
– Parry LimitedENERGYbits Inc.Rainbow LightNOW FoodsPrairie NaturalsVimergy LLCThe prominent industry players profiled in the report that are functional in the Algae Protein market are profiled on the basis of quality, product differentiation, product portfolio, and among others.
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global Brown Algae Protein market as well as the factors responsible for such a growth.
Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the Brown Algae Protein market.
For enhancing readers’ experience, the report starts with a basic overview about the Brown Algae Protein and its classification.Request TOC of this Report- https://www.factmr.com/connectus/sample?flag=T_id=2002Competitive Assessment The Brown Algae Protein market report includes global as well as emerging players:Nutrex Hawaii Inc.Earthrise Nutritionals LLCRainbow Light Nutritional Systems, Inc.Far East Bio-Tec Co., Ltd.TerraVia Holdings, Inc.
The insights for each vendor consists of:Company profileSWOT analysisMain market informationMarket shareRevenue, pricing and gross marginRegional Analysis Important regions covered in the Brown Algae Protein market report include:North AmericaLatin AmericaEuropeJapanAPEJMEAThe Brown Algae Protein market report also provides data regarding the key countries in the defined regions.Segmentation AnalysisBy of source as:MarineFresh Water By end use:Food and BeveragesNutritional and Dietary SupplementsAnimal FeedCosmetics & Personal Care Products What insights does the Brown Algae Protein market report provide to the readers?Brown Algae Protein market fragmentation on the basis of product type, end use, and region.Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.Collaborations, R projects, acquisitions, and product launches of each Brown Algae Protein market player.Various regulations imposed by the governments on the consumption of Brown Algae Protein in detail.Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Brown Algae Protein market.Request Sample Report- https://www.factmr.com/connectus/sample?flag=S_id=2002Questionnaire answered in the Brown Algae Protein market report include:What is the present and future outlook of the global Brown Algae Protein market on the basis of region?What are the challenges and opportunities for the Brown Algae Protein market?Why the consumption of Brown Algae Protein highest in region?In which year segment is expected to overtake segment?
