Published Date: 2021-03-19
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European Algae Protein Market size is poised be reach USD 250 million by 2026, , according to a latest forecast report by Graphical Research.
Increasing consumer focus on preventing chronic diseases such as diabetes, hyperlipidemia, and hypertension has bolstered the demand for essential nutrients, which should stimulate the Europe algae protein market demand. Further, increasing consumer spending on personal care has driven the demand for skin care products for hydrating and revitalizing skin.
The micro algae segment dominated over 50% market share in 2019. Micro algae are unicellular species and generally found in freshwater. Micro algae exist individually in water column and sediment. It is used in human foods as it is reported to be a high source of carbohydrates, proteins, and lipids and high source of vitamins and minerals. Additionally, micro algae can be used in feed applications owing to its high nutritional value.
Various species of micro algae comprise of various nutritious and bio-active compounds, which enhance the overall nutritional value of algae protein. The demand for plant-based supplements has increased in European countries owing to large number of consumers shifting to vegan diets. This should generate demand for algae protein from consumers who are looking for substitutes for whey and egg-based protein supplements to meet daily protein requirements.
Browse detailed statistical insights from the report, “Europe Algae Protein Market Size By Product (Spirulina, Chlorella), By Source (Seaweed {Brown Algae, Green Algae and Red Algae}, Micro algae {Blue-Green Algae, Others}), By Dosage Form (Capsules, Liquid, Powder), By Application (Dietary Supplements, Food & Beverage (Bakery & Confectionery, Protein Drinks, Breakfast Cereals, Snacks), Animal Feed, Cosmetics), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1690/europe-algae-protein-market
In terms of micro algae, the blue-green algae segment held a major share in the market in 2019. Blue-green algae comprises different bioactive components such as carotenoids, fibers, and phycocyanin, which promote human health. It can also be utilized in reducing the inflammation and protecting against oxidative stress. These functions of blue-green algae help in improving cardiovascular health in humans and led to increase the consumption of algae-based protein in human food. Consumers in the Europe region are opting for diet that can preventive care and chronic diseases, which anticipated to boost the consumption of nutritional supplements in Europe.
Based on dosage forms, the powder segment accounted more than USD 80 million revenue in 2019 owing to antioxidant, anti-inflammatory, and pain-relieving effects on human body of algae protein. There has been significant increase in the demand for powdered protein supplements among consumers, especially athletes, to meet daily protein requirements. Further, the number of individuals taking part into sport activities has also increased in recent years pertaining to rising health awareness.
The dietary supplements segment held 45% market share in 2019. Algae based dietary supplements help in improving overall health of humans by providing essential nutrients such as proteins, minerals, and vitamins. Additionally, it acts as a rich source of essential and non-essential amino acids, omega 3, and fatty acids. Therefore, these multiple benefits of algae protein as a dietary supplement led increase its demand among consumers who are looking for plant-based dietary supplements.
Major players in the market include Corbion NV, Terravia Holdings Inc., Phycom, Prolgae, Far East Bio-Tec Co., Ltd, Allmicroalgae, Roquette Klötze GmbH & Co. K, E.I.D. - Parry Limited, Vimergy LLC, and Prairie Naturalsm.
The European 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 2015 to 2026 for the following segments:
Europe Market, By Source
Europe Market, By Product
Europe Market, By Dosage Form
Europe Market, By Application
The above information has been provided for the following countries:
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