Published Date: 2022-02-24
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APAC Algae Protein Market size is set to surpass USD 250 million by 2027, according to a latest forecast report by Graphical Research.
Rising demand for plant-based protein coupled with the growing consumer awareness about the health benefits of algae protein is drive the market demand. Algae such as spirulina and chlorella are considered to be the high protein source and are widely used into dietary supplements and functional food and beverages. Growing health consciousness among consumers especially in millennials has encouraged them to include dietary supplements or nutraceuticals in their daily life.
The Asia Pacific algae protein market from micro algae segment will witness 7.2% CAGR during the forecast period. Micro algae are rich source of vitamins, proteins, and minerals and are basically used in foods as well as animal feed. Growing demand of algae protein from processed food due to their excellent nutritional capabilities is expected to fuel the market growth. Apart from this, micro algae have potential uses in cosmetics which further supports the industry growth.
Spirulina belongs to blue-green algae family also called as cyanobacteria. It contains many vital nutrients such as beta-carotene, folate, and vitamins B-6, A, E and K. It contains functional compounds, such as phenolics, polysaccharides and phycocyanins with antioxidant, anti-inflammatory, and immunostimulating effects. Due to their enhanced nutritional properties spirulina is utilized in food, pharmaceutics, perfumery, and medicine industries. Increasing demand for natural ingredient from aforementioned end use industries and growing R&D investments in commercialization of spirulina products are the major factors that propel the market revenue.
Browse detailed statistical insights from the report, “Asia Pacific Algae Protein Market Forecast 2027 By Source (Seaweed {Brown Algae, Green Algae, Red Algae}, Micro Algae {Blue-Green Algae}), By Product (Spirulina, Chlorella), By Dosage Form (Capsules, Liquid, Powder), By Application (Dietary Supplements, Food & Beverage (Bakery & Confectionery, Protein Drinks, Breakfast Cereals, Snacks), Animal Feed, Cosmetics), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2053/asia-pacific-algae-protein-market
Rising popularity of dietary supplements is accountable for increase in the demand for algae protein. Increasing disposable income in emerging economies such as China and India have encouraged the consumers to spend more on personal health and hygiene which is expected to augment the market size.
The powder segment accounted over USD 75 million revenue in 2020. Most of the commercially cultivated algae are processed into dried powder form. These algae protein powders are high in protein, iron, and other minerals. They are often consumed as superfood or are used as ingredient in nutraceuticals and dietary supplements. Growing popularity among the health-conscious consumers especially millennials coupled with high reliance on supplements to fulfill the daily nutritional requirement is anticipated to drive the market expansion.
The powder segment of China algae protein market is expected to reach USD 45 billion by 2027 owing to growing demand for vegan protein consumption coupled with the increasing awareness regarding weight management and muscular strength improvement.
The APAC algae protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Source
Asia Pacific Market, By Product
Asia Pacific Market, By Dosage Form
Asia Pacific Market, By Application
The above information has been provided for the following countries:
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