Algae Protein Market

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According to a new report published by
Allied Market Research, titled, algae protein
market by type, and application global
opportunity analysis and industry forecast,
20212028, the algae protein market size was
361.4 million in 2020, and is projected reach
709.0 million by 2028, registering a CAGR of
8.9 from 2021 to 2028. Algae protein can be
alternative source of protein and is expected to
witness increased adoption in upcoming years.
Industrialized animal agriculture results
multitude of problems including negative impact
on environment. Animal husbandry is a leading
contributor to a number of global issues,
including deforestation, climate change,
biodiversity loss, pollution, antibiotic
resistance, soil erosion and degradation, water
overuse, and zoonotic diseases. Livestock
contributes both directly and indirectly to
climate change through emissions of green hose
gases such as N2O, CO2, and CH4. As a result,
alternative proteins sourced from algae have
immense potential to create food products that
are healthier and more ecologically
sustainable.
Algae Protein Market
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Request Sample Report at https//www.alliedmarke
tresearch.com/request-sample/13069 Frontrunners
in the industry- Cyanotech Corporation C.B.N.
Bio-engineering Co., Ltd Far East Microalgae
Industries, Co., Ltd. Fuqing King Dnarmsa
Spirulina Co., ltd. Gong Bih Enterprise Co.,
Ltd. Algenol biotechSun Chlorella Corporation NB
Laboratories Taiwan Chlorella Manufacturing
Company Ltd Tianjin Norland Biotech Co., Ltd
Algae Protein Market
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Algae Protein Market

• The global algae protein market is segmented on
  the basis of type, application, and region.
• On the basis of type, the global algae market is
  segmented to spirulina and chlorella. Spirulina
  dominates the global algae protein market share.
  Spirulina have higher protein content than
  Chlorella and associated with myriad of health
  benefits, including but not limited to
  improvement in blood sugar management and lower
  risk factors for heart disease.
• By application, thenutraceuticals/supplements
  segment leads in terms of market share, and is
  expected to retain its dominance throughout the
  forecast period. High protein density of
  spirulina and chlorella have resulted in
  increased adoption ofdietary supplements.Growth
  in population coupled with increase in
  nourishment demand for essential supplement
  including proteins to boost the demand for algae
  protein in nutraceutical and supplement segment.
  Furthermore, increased demand of alternative
  proteins from vegan population will further
  propel algae protein market demand and expansion.

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Based on region the global algae protein market
is studied across, North America, Europe,
Asia-Pacific and LAMEA. High product awareness
and increasing vegan population in North America
and Europe have resulted in increased demand for
alternative protein including algae protein.
Nevertheless, the Asia-pacific region is likely
to gain market share in upcoming years with
demand arising from China, Japan and
India. Purchase this Report (Price 6,169 USD for
single user license) https//www.alliedmarketrese
arch.com/purchase-enquiry/13069 Key Findings Of
The Study By region, North America dominates the
global algae protein market, and is expected to
retain its dominance during the forecast
period. By type, the spirulina segment led in
terms of market share, in 2020 and is expected
to grow with robust CAGR in the upcoming
years. By application, the nutraceuticals/suppleme
nts segment accounted for more than four-fifths
of the market share of the algae protein market
in 2020 and is projected to grow at the highest
CAGR during the forecast period. By type, the
chlorella segment is expected to lose some market
share in the upcoming years.
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Covid-19 scenario- Algae protein industry is
positively impacted by the pandemic, owing to
increased health consciousness among
consumers. First few months of the COVID-19
pandemic had disrupted supply chains for the
algae protein industry. Online sales channels
have gained high traction in the last year as a
result, players operating in the industry are
strengthening their digital presence. COVID-19
have altered consumer behavior with more consumer
transitioning toward vegetarian and vegan diet
resulting in increased adoption of alternative
proteins such as algae protein. COVID-19 has
caused widespread disruption across regions,
resulting in consumer behavioral changes. As a
result, operating players in the industry are
recalibrating their consumer segment,
establishing product portfolio, prioritizing on
omnichannel approach, repositioning their brands,
and deploying new service models Do You Have Any
Query Or Specific Requirement? Ask to Our
Industry Expert https//www.alliedmarketresearch.
com/purchase-enquiry/13069  
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About Allied Market Research Allied Market
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