chlorella powder ingredient market

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2022
Global Chlorella Powder Ingredient Market Set to
Cross 1,000.0 Million Revenue
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From 423.7 million in 2018, the global chlorella
powder ingredient market is predicted to attain a
valuation of 1,106.8 million in 2024,
demonstrating a CAGR of 16.5 from 2019 to 2024.
The major factors powering the surge of the
market are the increasing requirement of hair and
skincare products, rising customer demand for
plant-based protein supplements, and the surging
awareness of health, fitness, and wellness
amongst the people throughout the world.    The
rise in the working women population and
disposable income of people around the world,
especially in the emerging economies are the main
reasons behind the growing usage of hair and
skincare products. In addition to this, the
increasing popularity of organic and natural
products, on account of the soaring public
awareness of the toxic effects of chemicals on
the body, is causing a surge in the sales of
chlorella-based cosmetic and personal care
products across the globe.   Request for sample
copy of this report https//www.psmarketresearch.
com/market-analysis/chlorella-powder-ingredient-ma
rket/report-sample   Besides the aforementioned
factor, the increasing consumer awareness of
health and wellness is also driving the
advancement of the market all over the globe.
Chlorella is a nutrient-rich alga, which is
rapidly becoming popular across the world on
account of its numerous health benefits. For
example, the alga helps in the removal of many
toxic compounds such as mercury, cadmium, lead,
and various other heavy metals from the body. In
addition to this, it improves the functioning of
the immune system by stimulating antibody
production in the body. The rising penetration
of the internet has led to the rapid growth of
the e-commerce industry, which has, in turn,
boosted the sales of many products including
chlorella-based products across the world.
Furthermore, the increasing popularity of online
shopping and home delivery is pushing up the
sales of these products, thereby fueling the
progress of the market. There are currently over
3.47 billion users of the internet globally and
this number will further rise in the future,
which will, in turn, offer immenseopportunities
to the market players.
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  On the basis of end use, the chlorella powder
ingredient market is classified into animal feed,
dietary supplements, cosmetics, and food and
beverages categories. Amongst these, the food and
beverages category had the largest market share
in the past, due to the large-scale consumption
of various chlorella-based food items and drinks.
The increasing health consciousness amongst
people boosted the adoption of vegan lifestyles,
which, in turn, augmented the sales of the
chlorella-based food items and beverages, on
account of the high vitamins, minerals, and
protein content of the alga.    Depending on the
distribution channel, the market is divided into
pharmacies, specialty stores, convenience stores,
online platforms, and supermarket/hypermarkets.
Out of these, the online platforms division is
predicted to exhibit the fastest market growth
during the next few years, as per the estimates
of the market research company, PS Intelligence.
This is because of the increasing internet
penetration and the soaring popularity of
e-commerce platforms, on account of their ability
to provide a hassle-free shopping experience,
greater product range, home delivery, and
affordable product prices, across the
world.    Browse full report at
https//www.psmarketresearch.com/market-analysis/c
hlorella-powder-ingredient-market   In the coming
years, the chlorella powder ingredient market is
predicted to demonstrate rapid expansion in North
America and Asia-Pacific (APAC), with both
regions predicted to hold more than 65 market
share by 2024. This is attributed to the soaring
sales of organic skincare and hair products,
rising public awareness about health, fitness,
and wellness, and growing usage of various
plant-based protein supplements in the regions.
The market will also exhibit rapid progress in
Europe, Middle East and Africa (MEA), and Latin
America (LATAM) in the upcoming years.   Hence,
with the growing usage of organic and natural
hair and skincare products, increasing customer
preference for plant-based nutrient supplements,
and the rising public awareness of health and
wellness, the market will demonstrate substantial
growth over the next several years.
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Market Segmentation

• Market Segmentation by End Use
• Food Beverages (FB)
• Cosmetics
• Dietary Supplements 
• Animal Feed
• Market Segmentation by Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Pharmacies
• Online Platforms

• Market Segmentation by Region
• North America Chlorella Powder Ingredient Market
• Europe Chlorella Powder Ingredient Market
• Asia-Pacific (APAC) Chlorella Powder Ingredient
  Market
• Latin America (LATAM) Chlorella Powder Ingredient
  Market
• Middle East Africa (MEA) Chlorella Powder
  Ingredient market

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