Highlights:
The global market for algae and seaweed protein reached $904.7 million in 2022. The market is estimated to grow from $962.8 million in 2023 to reach $1.3 billion by 2028, at a compound annual growth rate (CAGR) of 6.8% from 2023 through 2028.
Asia-Pacific market for algae and seaweed protein is estimated to grow from $572.2 million in 2023 to reach $803.0 million by 2028, at a CAGR of 7.0% from 2023 through 2028.
North American market for algae and seaweed protein is estimated to grow from $147.9 million in 2023 to reach $214.1 million by 2028, at a CAGR of 7.7% from 2023 through 2028.
Report Scope:
The report provides estimates and forecasts of the worldwide algae and seaweed protein market, with a detailed analysis of specific regions, countries and manufacturers.
In this report, the global market by type is segmented into microalgae and seaweed/macroalgae. The market is also segmented by application, including food and beverages, animal feed and dietary supplements.
The current market size and future estimates are provided in terms of value (U.S. $ millions), using 2022 as a base year, with a forecast provided for the period of 2023 to 2028.
The report also discusses the major players in each regional market. The report concludes with a focus on the competitive landscape and includes profiles of the major vendors.
Report Includes:
- 81 data tables and 30 additional tables
- An overview and up-to-date analysis of the global algae and seaweed protein market
- Analyses of the global market trends, with market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Estimation of actual market size and revenue forecast for global algae and seaweed protein market, and corresponding market share analysis based on the type, application, and region
- Country specific data analysis and market growth forecasts for the U.S., Canada, Mexico, Brazil, China, India, Japan, Italy, Germany, France, the U.K., South Africa, and Saudi Arabia etc.
- Discussion of the market growth drivers, opportunities and restraints, technology updates, and key regulations affecting the market for algae and seaweed protein as a basis for projecting demand in the next few years (2023-2028)
- A comparative study and SWOT analysis of the global algae and seaweed protein market, which could further assist stakeholders in formulating appropriate strategies
- Analysis of market opportunities and trends with a holistic review of the Porter's five forces analysis and value chain analysis considering both micro- and macro environmental factors prevailing in the marketplace
- Review of the patent filings and patent publications for innovations in algae and seaweed protein market
- Insight into the recent industry structure, competitive aspects of each product segment, increasing investment on R&D activities, market development strategies, and company value share analysis
- Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
- Company profiles of the leading global players, including Algenuity Ltd., Arizona Algae Products LLC, Corbion N.V., DIC Corp., E.I.D. Parry (India) Ltd., Earthrise Nutritionals LLC, Nutrex Hawaii, Seaweed & Co., and Tianjin Norland Biotech Co., Ltd.