Algae Protein Market Surges: Allied Market Research Report

Unveiling Growth Trajectory, Key Trends, and Market Dynamics Driving Algae Protein Market Expansion.

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, May 6, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled “Algae Protein Market by Type and application: global opportunity analysis and industry forecast, 2021–2028,” the algae protein market size was $361.4 million in 2020 and is projected reach $709.0 million by 2028, registering a CAGR of 8.9% from 2021 to 2028.

👉 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.alliedmarketresearch.com/request-sample/A12704

The algae protein market seems to be experiencing significant growth, as indicated by the projections from Allied Market Research. With a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028, it's clear that there's increasing interest and demand for algae protein across various industries.

Algae protein offers a sustainable and nutritious alternative to traditional protein sources like meat and dairy. It's rich in essential amino acids, vitamins, and minerals, making it attractive for consumers looking for plant-based or alternative protein options.

The market's growth can be attributed to several factors, including rising awareness about the health benefits of algae protein, growing demand for vegan and vegetarian products, and concerns about environmental sustainability. Additionally, advancements in technology and production methods are likely contributing to the expansion of the algae protein market.

Certain types of algae, like chlorella and spirulina, boast a notable protein content. Take chlorella, for instance, which contains approximately 58 grams of protein per 100 grams, a substantially higher amount compared to animal-based protein sources. Freshwater algae proteins are primarily sourced from spirulina, a cyanobacterium (blue-green algae), renowned as one of the most protein-rich options available, packed with essential minerals, carotenoids, and amino acids.

𝐓𝐡𝐞 𝐬𝐮𝐫𝐠𝐞 𝐢𝐧 𝐚𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐡𝐞𝐚𝐥𝐭𝐡 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐚𝐥𝐠𝐚𝐥 𝐩𝐫𝐨𝐭𝐞𝐢𝐧𝐬 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐝𝐫𝐢𝐯𝐞 𝐬𝐚𝐥𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐟𝐨𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐜𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧.

Algal proteins sourced from both marine and freshwater algae are gaining significant traction across diverse industries like food and beverage, animal feed, and cosmetics. This surge in popularity is attributed to their impressive nutritional profile, amino acid composition, cell repair properties, and other beneficial attributes.

In the nutrition and supplement sectors, algal proteins are being utilized extensively due to their potential to enhance immune function, alleviate fatigue, aid digestion, increase endurance, and elevate energy levels. Notably, these proteins are increasingly favored by athletes, sports enthusiasts, bodybuilders, and others, thereby driving market expansion.

A notable global trend toward veganism and vegetarianism is further fueling demand for plant-based proteins like algal proteins. This shift is driven by heightened awareness of physical health, animal welfare concerns, and ethical considerations. For instance, as per a report by the Maed Alert Help Organization, the global vegan population reached approximately 79 million by January 2021. The increasing number of individuals adopting vegetarian and vegan lifestyles is projected to propel sales of plant-based proteins, including algal proteins, thereby fostering growth in the global market.

👉 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 https://www.alliedmarketresearch.com/purchase-enquiry/A12704

𝐓𝐡𝐞 𝐀𝐥𝐠𝐚𝐞 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐰𝐢𝐭𝐧𝐞𝐬𝐬𝐢𝐧𝐠 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐧𝐨𝐭𝐚𝐛𝐥𝐞 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐚𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐞𝐱𝐩𝐞𝐫𝐭𝐬:

Growing Demand for Healthy Foods and Beverages: Functional beverages incorporating algae protein, such as those containing chlorella ingredients, are gaining popularity worldwide. These beverages offer both health benefits and a refreshing taste, driven by advancements in food fortification technologies and increased understanding of nutrient benefits. The rising demand for alternative protein sources is prompting heightened investment in the algae protein market. Spirulina, recognized as Generally Regarded as Safe (GRAS) by esteemed regulatory bodies like the European Food Safety Authority (EFSA) and FDA, is experiencing rapid adoption as a functional food. Algae is increasingly perceived as a sustainable solution to the protein shortage, given its high protein yield per unit of land. Spirulina, for instance, boasts impressive protein levels of 60–71 grams per 100 grams, making it an attractive ingredient for various functional food and beverage applications.

𝐀𝐥𝐠𝐚𝐞 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

𝐁𝐲 𝐓𝐲𝐩𝐞
• Spirulina
• Chlorella

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
• Nutraceuticals/Supplements
• Food &Beverages
• Others

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
• North America
º U.S.
º Canada
º Mexico

𝐄𝐮𝐫𝐨𝐩𝐞
º UK
º Germany
º France
º Italy
º Spain
º Rest of Europe

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜
º China
º Japan
º India
º ASEAN
º Australia
º Rest of Asia-Pacific

𝐋𝐀𝐌𝐄𝐀
º Latin America
Middle East
º Africa

👉 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 https://www.alliedmarketresearch.com/checkout-final/5503ebd0c8b416901a7e6a2319af2f3d

𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐑𝐞𝐯𝐢𝐞𝐰

development of Spirulina algae as substitute plant and animal protein source have gained significant traction in last five years. When Spirulina is consumed, it provides 60–65% of protein as compared to plant and beef source, which provides 10–15% of protein. In addition, algae also delivers good quantity of vitamin B-12, vitamin A, B complex, iron, calcium, and traces of other minerals. Multiple benefits of Spirulina, along with high protein content, have spurred global demand for algae products, including Spirulina and Chlorella.

The cosmetics and food & beverage industries are expected to provide lucrative opportunities for engaged stakeholders. The increase in demand for natural ingredients in personal care products due to the benefits offered and the absence of side effects has resulted in increased adoption of natural products such as Spirulina and Chlorella in the cosmetics industry. Furthermore, Spirulina chocolates, beverages, and juices are expected to shape the future of functional foods in the coming years. The advantages and high nutrient density of algae protein end-use applications are expected to further diversify with increased adoption in animal feed, functional food, nutraceuticals, and personal care products.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

We have professional corporate relations with various companies, and this helps us dig out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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help@alliedmarketresearch.com
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