Algae Protein Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Algae Protein Supplements Market and is segmented by Type (Spirulina, Chlorella, and Other Types); by Application (Food and Beverages, Dietary Supplements, Pharmaceuticals, and Other Applications); and by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Algae Protein Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Algae Protein Market Size

Algae Protein Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.74 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Algae Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Algae Protein Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Algae Protein Market Analysis

The Algae Protein Market is expected to register a CAGR of 6.74% during the forecast period.

The outbreak of the COVID-19 pandemic has marginally affected the algae protein market. Due to the worldwide lockdown, many commercial algae production and processing facilities have shut down or are operating at reduced capacities, leading to substantial losses in domestic production. However, good nutrition intake is the top priority to maintain an optimal immune system, supporting the strong demand for plant and algae protein food products & beverages.

Increasing popularity of naturally-derived food products and health supplements, increasing number of health-conscious consumers and constant growth in population, are some of the major drivers for the growth of the algal protein market.

The expanding vegan population across the world is another major factor responsible for the growth of the market. Furthermore, with rising awareness about the various health benefits of vegan diets, the number of people adopting vegan lifestyles is increasing across the globe. The shift in consumer demand from animal protein to other protein sources can clearly be witnessed with the rise of the protein alternative market. This gradual inclination toward plant-based and microalgae-based diet is largely associated with different factors, such as that of sustainability issue, health awareness, ethical or religious views, and environmental and animal rights.

Algae Protein Industry Overview

The global algae protein market is competitive in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Further, market key players are also planning to strengthen their distribution relationships with firms across various regions by merging or acquiring in order to leverage the customer base for any future product launches. Some of the major key players in the algae protein market, globally include AlgoSource SA, Cyanotech Corporation, Duplaco B.V., Roquette Freres, and Seagrass Tech Private Limited, among others.

Algae Protein Market Leaders

  1. Duplaco BV

  2. Roquette Freres

  3. AlgoSource SA

  4. Cyanotech Corporation

  5. Seagrass Tech Private Limited

  6. *Disclaimer: Major Players sorted in no particular order
Algae Protein Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Algae Protein Market News

  • In March 2022, Corbion had partnered with Nestle SA to help increase a step towards a plant based product portfolio. The two will work to develop microalgae based ingredients to add more value to sustainability.
  • In March 2020, Duplaco BV made an investment to increase to increase its production by 20 times with a latest technology and a modern research and development center.
  • In 2020 Unilever and biotech start-up Algenuity announced a new partnership to delve into the huge potential microalgae bring in innovating future foods for Unilever's plant-based portfolio.

Algae Protein Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Spirulina
    • 5.1.2 Chlorella
    • 5.1.3 Other Types
  • 5.2 By Application
    • 5.2.1 Food & Beverages
    • 5.2.2 Dietary Supplements
    • 5.2.3 Pharmaceuticals
    • 5.2.4 Other Applications
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Germany
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Italy
    • 5.3.2.6 Spain
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Active Companies
  • 6.2 Most Adopted Strategies
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 AlgoSource SA
    • 6.4.2 Cyanotech Corporation
    • 6.4.3 Duplaco BV
    • 6.4.4 Roquette Freres
    • 6.4.5 Ponds Technology Inc
    • 6.4.6 Seagrass Tech Private Limited
    • 6.4.7 Algenol Biotech
    • 6.4.8 Algenuity Limited
    • 6.4.9 Corbion NV
    • 6.4.10 Phycom BV
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Algae Protein Industry Segmentation

Algae protein is a type of protein obtained from various algal spices, and is considered an alternative and sustainable source of protein. The global algae protein market is segmented by type, application, and geography. Based on type, the market is segmented into spirulina, chlorella, other types. Based on the application, the market is segmented into food and beverages, dietary supplements, pharmaceuticals, and other applications. Based on geography, the study provides an analysis on the algae protein market in the emerging and established markets globally, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of the value (in USD million).

By Type Spirulina
Chlorella
Other Types
By Application Food & Beverages
Dietary Supplements
Pharmaceuticals
Other Applications
Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific India
China
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East and Africa South Africa
Saudi Arabia
Rest of Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Algae Protein Market Research FAQs

What is the current Algae Protein Market size?

The Algae Protein Market is projected to register a CAGR of 6.74% during the forecast period (2025-2030)

Who are the key players in Algae Protein Market?

Duplaco BV, Roquette Freres, AlgoSource SA, Cyanotech Corporation and Seagrass Tech Private Limited are the major companies operating in the Algae Protein Market.

Which is the fastest growing region in Algae Protein Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Algae Protein Market?

In 2025, the North America accounts for the largest market share in Algae Protein Market.

What years does this Algae Protein Market cover?

The report covers the Algae Protein Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Algae Protein Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Algae Protein Industry Report

Statistics for the 2025 Algae Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Algae Protein analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.