APAC Algae Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Algae Protein Market Analysis
Asia-Pacific algae protein ingredients market is projected to grow at a CAGR of 6.2% during the forecast period.
- The growing demand for vegan protein consumption is one of the major drivers supporting the growth of the algae protein market in the region.
- Various health benefits pertaining to the consumption of algae protein is another major driver for this market. It is a good source of vitamins, minerals, chlorophyll, carbohydrates and protein as its major. Researchers have also found that algae have anti-cancer benefits and helps reducing body fat along with providing energy.
APAC Algae Protein Market Trends
This section covers the major market trends shaping the APAC Algae Protein Market according to our research experts:
Dietary Supplement Remained the largest Revenue Generating Segment
The dietary supplements market in the region is predominantly driven by a paradigm shift toward preventive health management practices, amid rising healthcare costs and the increasing burden of lifestyle diseases. Increasing consumer awareness, regarding proper weight management and muscular strength improvement, is likely to fuel the demand for dietary supplement products, which, in turn, will increase the demand for chlorella ingredients.
China Drives the Regional Market
Algae protein market in China is likely to showcase favorable growth prospects in the future, on the account of increasing awareness about health and wellness among the urban population and disposable income of the country. Pharmaceutical drugs with algae ingredients like omega 3 and protein in it is in high demand in this region, resulting in manufacturers to incorporate higher concentrations of algal protein in their final products. Moreover, owing to the highest production and export accounted by China in the region, the country held excessive power to regulate product prices.
APAC Algae Protein Industry Overview
Asia-Pacific algae protein ingredients market is highly fragmented owing to the presence of numerous players in the market. The market studied is primarily dominated by Chinese players owing to high ingredient production in the country. Key players are focusing on acquisitions and mergers, in order to expand their geographical reach and increase their customer base.
APAC Algae Protein Market Leaders
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Corbion NV
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Cyanotech Corporation
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Insect Technology Group Holdings UK Ltd.
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Dumoco Co. Ltd.
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Hunan Sunfull Bio-tech Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
APAC 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
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products and Services
- 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Application
- 5.1.1 Dietary Supplements
- 5.1.2 Food and Beverages
- 5.1.3 Animal Feed
- 5.1.4 Others
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5.2 Geopgraphy
- 5.2.1 China
- 5.2.2 Japan
- 5.2.3 India
- 5.2.4 Australia
- 5.2.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Key Strategies Adopted
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Corbion NV
- 6.4.2 Cyanotech Corporation
- 6.4.3 Insect Technology Group Holdings UK Ltd.
- 6.4.4 Dumoco Co. Ltd.
- 6.4.5 Hunan Sunfull Bio-tech Co., Ltd.
- 6.4.6 Kingherbs Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
APAC Algae Protein Industry Segmentation
Asia-Pacific algae protein ingredients Market is segmented by applications such as dietary supplements, food and beverages, animal feed, and others. The report covers topline sales value of major countries of the region including China, Japan, India, and Australia
| Application | Dietary Supplements |
| Food and Beverages | |
| Animal Feed | |
| Others | |
| Geopgraphy | China |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
APAC Algae Protein Market Research FAQs
What is the current Asia-Pacific Algae Protein Market size?
The Asia-Pacific Algae Protein Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Algae Protein Market?
Corbion NV, Cyanotech Corporation, Insect Technology Group Holdings UK Ltd., Dumoco Co. Ltd. and Hunan Sunfull Bio-tech Co., Ltd. are the major companies operating in the Asia-Pacific Algae Protein Market.
What years does this Asia-Pacific Algae Protein Market cover?
The report covers the Asia-Pacific Algae Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Algae Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Algae Protein Industry Report
Statistics for the 2024 Asia-Pacific Algae Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Algae Protein analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
