Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Algae Proteins market. Market segmentation includes Product (Spirulina, Chlorella, and Other Products); Source (Freshwater, and Marine); Application (Dietary Supplements, Food Products, Animal Feed, and Other Applications).
Burgeoning global population along with factors like increasing income, preferential shifts and evolving socio-economic demographic requires resources to provide more and diverse forms of foods, including proteins. However, there are negative ecological and sustainability implications associated with large-scale animal protein production. Animal farming is known for its notable contribution toward greenhouse gas emissions. The need has resulted in emergence of alternative sources of proteins and food. Alternative proteins such as pea and wheat proteins are garnering significant research and financial investments. The trend shines light on algal proteins that are key pathways for satiating food and nutritional requirements in a sustainable and healthy manner. Algae proteins denote a sustainable source of proteins, and even have the capability to upend meat as the major source of protein in future. Moreover, algae proteins are also a key source of protein for consumers practicing vegan diet. Apart from the environmental and vegan credentials, the primary driver of algae proteins is the demand for healthy food, owing to the increasing consciousness for healthy lifestyles. Health foods such as health drinks and functional beverages are increasing in popularity owing to their health benefits as well as their refreshing capabilities. Algae proteins such as chlorella find extensive application within health foods and functional beverages, driving the market for algae proteins across the globe. The demand from pharmaceutical and skin care industries is expected to drive demand for algae proteins in future. In addition to the protein content, algae proteins also offer multiple benefits including vitamins & minerals, as well as essential fatty acids such as Omega-3 and Omega-6, further driving the demand for algae proteins. In addition, algae proteins are deemed to improve immunity levels, and also aid in weight loss, and other benefits such as managing stress and depression. As a result of the multiple benefits of algae proteins, demand for the products has been increasing at a healthy rate.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 383. Among this pool, 77 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 13 unique participations, a total of 6 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Heliae Development LLC
TerraVia Holdings, Inc.
Allmicroalgae - Natural Products SA
Earth Rise Nutritionals, LLC
FEBICO (Far East Bio-Tec Co., Ltd.)
Segments Covered in the Report -
Product (Spirulina, Chlorella, Other Products)
Source (Freshwater, Marine)
Application (Dietary Supplements, Food Products, Animal Feed, Other Applications)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.