Chlorella Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.25 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chlorella Ingredients Market Analysis
The global chlorella ingredient market is forecasted to witness a CAGR of 10.25% during the forecast period (2022 - 2027).
COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
Various health benefits of consuming chlorella are another major driver for this market. It is a good source of fiber, fats, chlorophyll, protein, carbohydrates, vitamins, and minerals. As a medicine, chlorella is used to prevent cancer, minimize side effects of radiation treatment, improve reaction to the flu vaccine, stimulate the immune system, prevent colds, increase white blood cell counts, and slow the aging process.
The high cost of chlorella production is a key challenge affecting the market's growth. Consumable chlorella requires carbonated water for its growth, which increases its production cost.
Chlorella Ingredients Market Trends
This section covers the major market trends shaping the Chlorella Ingredients Market according to our research experts:
Rising Adoption Of Veganism
The chlorella ingredients market driver can be attributed to the increasing adoption of algae-based ingredients, such as chlorella, among consumers has increased the consumption rich in protein and provides health and wellness attributes of nutritional products. Moreover, the increased demand for chlorella ingredients for functional food products is estimated to drive the chlorella ingredients market. Furthermore, as a medicine, chlorella ingredients are used to prevent cancer, reduce the side effects of radiation therapy, improve interaction with the flu vaccine, stimulate the immune system, prevent colds, increase the number of white blood cells, and slow the aging process.
North America Dominates the Market.
North America dominated the Chlorella Ingredients Market, owing to the rising consumption of healthy food products that increase the presence of chlorella ingredients. Moreover, rising advancement in the food and beverage sector and growing adoption of veganism among the population further drive the growth of the Chlorella Ingredients Market. However, Asia Pacific is projected to be a significant-growing market during the forecast period 2021-2026, owing to rising consumer health consciousness and changing lifestyles among Asian countries. The chlorella ingredients are used in various cuisines in Asian countries, boosting the adoption of chlorella ingredients and the growth of the market.
Chlorella Ingredients Industry Overview
Unique cultivation methods and upcoming innovative applications are expected to help the chlorella market globally in the years to come. The competition in this market is expected to intensify further, in the coming years, due to increased industrialization, product extensions, technological innovations, and the high quality of the products manufactured. The key players in the chlorella market are NP Nutra, Phycom BV, Duplaco, Sun Chrolella Corp, Like Chlorella Biotech, Vedan Enterprise, Parry Nutraceuticals, Roquette Klötze GmbH & Co. KG, Seagrass Tech Private Limited, and Allmicroalgae - Natural Products, among others. As a result of the growing demand for chlorella as an ingredient in the market, new product launches with varied grades and concentrations are the approach adopted by leading companies.
Chlorella Ingredients Market Leaders
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NP Nutra
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Phycom BV
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Duplaco
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Parry Nutraceuticals
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seagrass tech private limited
*Disclaimer: Major Players sorted in no particular order
Chlorella Ingredients Market News
In August 2020, Unilever announced the partnership with biotech start-up Algenuity, which develops microalgae, to explore using this single-cell organism as an ingredient in the food and beverage sector.
In March 2020, Dutch chlorella ingredient producer and microalgae wholesaler Duplaco made significant investments to increase production by 20 times. The company is upgrading with the latest technologies and a modern R&D center. Duplaco continues to drive its transition from start-up to a full-scale industrial complex.
In May 2019, Algenuity announced the launch of the Chlorella Colours platform for the food industry. New colors are made possible by innovations in breed development that lead to performance and productivity improvements for ingredients used in foods, beverages, supplements, and other products.
Chlorella Ingredients Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
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 Forces 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 Application
5.1.1 Food and Beverages
5.1.2 Animal Feed
5.1.3 Dietary Supplements
5.1.4 Other Applications
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 Italy
5.2.2.4 Spain
5.2.2.5 France
5.2.2.6 Russia
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 Rest of the World
5.2.4.1 South America
5.2.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 NP Nutra
6.3.2 Phycom BV
6.3.3 Duplaco
6.3.4 Parry Nutraceuticals
6.3.5 Roquette Klötze GmbH & Co. KG
6.3.6 Seagrass Tech Private Limited
6.3.7 Vedan Enterprise
6.3.8 Sun Chrolella Corp
6.3.9 Like Chlorella Biotech
6.3.10 Allmicroalgae - Natural Products
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Chlorella Ingredients Industry Segmentation
Chlorella belongs to Chlorophyta and chlorophyll division, whose shape is spherical. It is a kind of algae that is consumed as a superfood. The chlorella ingredients market is segmented by Application, Food and Beverages, Animal Feed, and Dietary Supplements. By Geography, the market is segmented into North America, Europe, Asia-Pacific, Rest of the world. The report offers market size and forecasts in value (USD million) for the above segments.
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| Food and Beverages | |
| Animal Feed | |
| Dietary Supplements | |
| Other Applications |
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Chlorella Ingredients Market Research FAQs
What is the current Chlorella Ingredients Market size?
The Chlorella Ingredients Market is projected to register a CAGR of 10.25% during the forecast period (2024-2029)
Who are the key players in Chlorella Ingredients Market?
NP Nutra, Phycom BV, Duplaco, Parry Nutraceuticals and seagrass tech private limited are the major companies operating in the Chlorella Ingredients Market.
Which is the fastest growing region in Chlorella Ingredients Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chlorella Ingredients Market?
In 2024, the Asia-Pacific accounts for the largest market share in Chlorella Ingredients Market.
What years does this Chlorella Ingredients Market cover?
The report covers the Chlorella Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chlorella Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chlorella Ingredient Industry Report
Statistics for the 2024 Chlorella Ingredient market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chlorella Ingredient analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
