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Algae Protein Market Share
These firms are adopting key strategies, such as investments in R&D activities to innovate and improve product lines for ensuring that they cater to different consumer needs. They are forming strategic partnerships and collaborations with food and beverage manufacturers to expand brands and reach wider audiences. Marketing efforts are also being strengthened through educational campaigns, highlighting the nutritional benefits and shelf life of algae proteins.
Algae Protein Market Share
Major companies operating in the algae protein industry include:
- Heliae Development LLC
- AlgalR NutraPharms Pvt Ltd
- ENERGYbits Inc
- Fuqing King Dnarmsa Spirulina Co., Ltd
- Far East Bio-Tec Co., Ltd. (FEBICO)
- Bliss Lifesciences LLP
- Cyanotech Corporation
- Euglena Co Ltd
- Roquette Klötze GmbH & Co. KG
- Veramaris
- Nutrex Hawaii Inc
- JUNE Group of Companies (JUNE Spirulina)
- Prolgae Spirulina Supplies Pvt. Ltd
- Corbion NV, Allmicroalgae
- Yunnan Green A Biological Project Co., Ltd
- JFE Steel Corporation
- Phycom Microalgae
- E.I.D. Parry (India) Limited
- Earthrise Nutritionals LLC. (DIC Corporation)
What factors are driving algae protein market growth in North America?
North America market size dominated around USD 266 million in 2023 and is slated to grow at 4.8% CAGR between 2024 and 2032, led by the increasing consumer demand for plant-based and sustainable protein sources
Why is the demand for seaweed-based algae protein rising?
The seaweed source segment is projected to surpass USD 722.67 million by 2032, due to its high nutritional value and sustainable cultivation methods.
How big is the algae protein market?
The market size of algae protein reached USD 876 million in 2023 and is set to witness 5.4% CAGR from 2024 to 2032, led by the rising demand for sustainable and plant-based protein sources worldwide.
Why is the demand for powder algae protein on the rise?
The powder dosage form segment in the algae protein industry is poised to account for USD 742.4 million by 2032, owing to its convenience, versatility, and extended shelf life.