Product Code: FOD122A
Highlights:
The global market for algae and seaweed protein reached $904.7 million in 2022. The market is estimated to grow from $962.8 million in 2023 to reach $1.3 billion by 2028, at a compound annual growth rate (CAGR) of 6.8% from 2023 through 2028.
Asia-Pacific market for algae and seaweed protein is estimated to grow from $572.2 million in 2023 to reach $803.0 million by 2028, at a CAGR of 7.0% from 2023 through 2028.
North American market for algae and seaweed protein is estimated to grow from $147.9 million in 2023 to reach $214.1 million by 2028, at a CAGR of 7.7% from 2023 through 2028.
Report Scope:
The report provides estimates and forecasts of the worldwide algae and seaweed protein market, with a detailed analysis of specific regions, countries and manufacturers.
In this report, the global market by type is segmented into microalgae and seaweed/macroalgae. The market is also segmented by application, including food and beverages, animal feed and dietary supplements.
The current market size and future estimates are provided in terms of value (U.S. $ millions), using 2022 as a base year, with a forecast provided for the period of 2023 to 2028.
The report also discusses the major players in each regional market. The report concludes with a focus on the competitive landscape and includes profiles of the major vendors.
Report Includes:
- 81 data tables and 30 additional tables
- An overview and up-to-date analysis of the global algae and seaweed protein market
- Analyses of the global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Estimation of actual market size and revenue forecast for global algae and seaweed protein market, and corresponding market share analysis based on the type, application, and region
- Country specific data analysis and market growth forecasts for the U.S., Canada, Mexico, Brazil, China, India, Japan, Italy, Germany, France, the U.K., South Africa, and Saudi Arabia etc.
- Discussion of the market growth drivers, opportunities and restraints, technology updates, and key regulations affecting the market for algae and seaweed protein as a basis for projecting demand in the next few years (2023-2028)
- A comparative study and SWOT analysis of the global algae and seaweed protein market, which could further assist stakeholders in formulating appropriate strategies
- Analysis of market opportunities and trends with a holistic review of the Porter's five forces analysis and value chain analysis considering both micro- and macro environmental factors prevailing in the marketplace
- Review of the patent filings and patent publications for innovations in algae and seaweed protein market
- Insight into the recent industry structure, competitive aspects of each product segment, increasing investment on R&D activities, market development strategies, and company value share analysis
- Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
- Company profiles of the leading global players, including Algenuity Ltd., Arizona Algae Products LLC, Corbion N.V., DIC Corp., E.I.D. Parry (India) Ltd., Earthrise Nutritionals LLC, Nutrex Hawaii, Seaweed & Co., and Tianjin Norland Biotech Co., Ltd.
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing the Study
- Scope of Report
- Intended Audience
- Information Sources
- Research Methodology
- Geographic Breakdown
- Analyst's Credentials
- BCC Custom Research
- Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Industry Overview
- Market Outlook
- Industry Overview
- Regulatory Landscape
- Supply Chain Analysis
- Raw Materials Procurement
- Algae and Seaweed Protein Manufacturing
- Sales and Distribution
- End Users
- Algae and Seaweed Protein Production Process
- Strain Selection
- Algae Cultivation
- Drying of Algal Biomass
- Cell Disruption
- Protein Separation
Chapter 4 ESG Perspective
- Importance of ESG in the Alternative Protein Industry
- ESG Pillars in Algae and Seaweed Protein Industry
- ESG Ratings and Metrics: Understanding the Data
- ESG Practices in the Algae and Seaweed Protein Industry
Chapter 5 Market Dynamics
- Porter's Five Forces Analysis of the Market for Algae and Seaweed Proteins
- Bargaining Power of Suppliers: Low
- Bargaining Power of Buyers: Low
- Threat of Substitutes: High
- Threat of New Entrants: Moderate
- Intensity of Competition: High
- Market Growth Drivers
- Growing Market for Alternative Proteins
- Growing Animal Feed Industry
- Increasing Demand for Dietary Supplements
- Market Restraints
- Higher Market Penetration of Animal-based Protein
- Allergic Reactions to Algae Protein
- Market Opportunities
- Growing Interest in Veganism
- SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
Chapter 6 Market Breakdown by Type
- Introduction
- Microalgae
- Spirulina
- Chlorella
- Others
- Seaweed/Macroalgae
Chapter 7 Market Breakdown by Application
- Introduction
- Food and Beverages
- Animal Feed
- Dietary Supplements
- Others
Chapter 8 Market Breakdown by Region
- Global Market for Algae and Seaweed Proteins
- North American Market for Algae and Seaweed Protein
- United States
- Canada
- European Market for Algae and Seaweed Proteins
- Germany
- United Kingdom
- France
- Italy
- Rest of Europe
- Asia-Pacific Market for Algae and Seaweed Protein
- China
- Japan
- India
- Rest of Asia-Pacific
- Latin America Market for Algae and Seaweed Protein
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa Market for Algae and Seaweed Protein
- South Africa
- Saudi Arabia
- Rest of the Middle East and Africa
Chapter 9 Patent Review
Chapter 10 Competitive Landscape
- Market Share Analysis
- Strategic Developments by Companies in the Market
Chapter 11 Company Profiles
- ALGENUITY
- ALGENOL BIOTECH LLC
- ALLMICROALGAE - NATURAL PRODUCTS S.A.
- ARIZONA ALGAE PRODUCTS LLC
- CERES BIOTECH CO., LTD.
- CORBION NV
- DIC CORP.
- E.I.D. PARRY
- EARTHRISE NUTRITIONALS LLC
- FAR EAST BIO-TEC CO., LTD.
- NUTREX HAWAII
- SEAWEED & CO.
- SUN CHLORELLA CORP.
- TIANJIN NORLAND BIOTECH CO., LTD.
- TRITON ALGAE INNOVATIONS LTD.
- YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD.
Chapter 12 Appendix: Abbreviations