Algae Protein: Market Outlook
Algae Protein is obtained from a different type of algae plants. It is frequently used as an alternative plant protein and suitable to use for a variety of applications including food, dietary supplement, and others. Algae protein contains all the essential amino acids and provides the nutritional value to the different food products. Apart from that, algae protein also contains a wide range of fatty acid including omega-3 and omega-6 which are one of the major energy sources for the human body.
Algae protein derived from both freshwater algae and marine water algae. Freshwater algae protein obtained from the Spirulina plant, which is a rich source of minerals and proteins, whereas marine water algae protein found in the seaweeds plant, that are widely recognized as a substitute of animal protein. Algae protein possesses the various health beneficial properties and used for diabetes, weight loss, stress, anxiety, fatigue, heart diseases, depression, and other health-related issues. In addition, algae protein is also capable to boost the immune system and offer a high amount of nutrients to the human body.
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Growing awareness regarding the health consciousness across the globe is fueling the global algae protein market
Global algae protein is driven by the growing health consciousness in consumers around the world. The global population is more focusing on getting additional nutritional values from a different food source. The consumers are demanding all the major nutrients such as protein, vitamin, minerals, and others in their preferred food. Algae protein is one of the rare protein sources which contains all the essential amino acids which require a healthy lifestyle. Moreover, the consumption of plant-based protein has been increasing from the past decade due to increasing vegan population and animal cruelty concerns which further providing a better growth opportunity for the algae protein market.
However, the production process of algae protein is highly sensitive which further make it a costly product to use, which is among the restraining factor for the global algae protein market. Besides cost, algae protein also facing the challenges regarding the several allergic reaction concerns after consuming it as a dietary supplement.
Global Algae Protein Market Segmentation
On the basis of type, global algae protein market is segmented as:
- Spirulina
- Chlorella
- Seaweeds
- Others
On the basis of applications, global algae protein market is segmented as:
- Food
- Bakery
- Dairy
- Meat Substitute
- Beverages
- Others
- Dietary Supplements
- Animal Feed
- Pharmaceutical
- Cosmetics
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Global Algae Protein Market: Key Players
- Corbion biotech inc
- Cyanotech Corporation
- Earthrise Nutritional
- Nutress Bv
- Nutrex BV
- Far East Bio-Tec Co., Ltd.
- Rainbow Light Nutritional Systems, Inc.
- Algatechnologies Ltd.