South American Algae Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South American Algae Protein Market Analysis
South America Algae Protein Market is anticipated to register a CAGR of 4.5%, during the forecast period (2020 - 2025).
- The South American countries are witnessing growing urbanization and changing lifestyles due to globalization. Consumers are ready to pay for health and wellness products, which is driving the growth of proteins.
- High nutritional value, and the increasing popularity of naturally derived food products and health supplements, due to the increasing number of health-conscious consumers, and constant growth in population, are some of the major drivers for the algae protein market.
South American Algae Protein Market Trends
This section covers the major market trends shaping the South American Algae Protein Market according to our research experts:
Spirulina is Witnessing A Significant Growth
Spirulina is rich in chlorophyll, phycocyanin, and beta-carotene and is often used as a source of natural color. Edible color Linablue, used in ice creams and confectionaries, is mainly produced from spirulina. The growing demand for natural and clean label ingredients has recreated a demand for spirulina protein. Stringent regulations and limitations od synthetic additives have opened the gates for the demand for natural ingredients. Based on the application areas, nutraceuticals and food sectors are expected to be promising end-users of spirulina, due to the rapid development of algae-based superfoods, heightened consumer's interest toward natural & clean-label products.
Brazil Dominates The Market
Brazil Algae Protein market size was estimated to be equating to the major share of the South American algae protein market. The region is expected to witness moderate to high growth rate during the forecast period, owing to the growing usage of algal ingredients in food supplements.
The demand for natural food products is increasing among health-conscious consumers. This has resulted in the tremendous growth of the algae protein market. The market is largely driven by increased Research & Development and innovations in the algae protein market. Consumer preference for natural ingredients and the varied applications of algae protein in the food and beverage industry are some of the reasons for the uptick in demand.
South American Algae Protein Industry Overview
South America algae protein market is competitive in nature having a large number of small and large 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.
South American Algae Protein Market Leaders
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Roquette Frères
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Corbion N.V
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Cyanotech Corporation
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Taiwan Chlorella Manufacturing Company
*Disclaimer: Major Players sorted in no particular order
South American Algae Protein Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & 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 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
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5.1 By Type
- 5.1.1 Spirulina
- 5.1.2 Chlorella
- 5.1.3 Other Types
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5.2 By Application
- 5.2.1 Food & Beverages
- 5.2.2 Dietary Supplements
- 5.2.3 Pharmaceuticals
- 5.2.4 Other Applications
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5.3 By Geography
- 5.3.1 Brazil
- 5.3.2 Argentina
- 5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
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6.3 Company Profiles
- 6.3.1 Roquette Freres
- 6.3.2 EID Parry
- 6.3.3 Corbion N.V
- 6.3.4 Cyanotech Corporation
- 6.3.5 Taiwan Chlorella Manufacturing Company
- 6.3.6 DIC Corporation
- 6.3.7 Solabia Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South American Algae Protein Industry Segmentation
The South America Algae Protein Market is segmented by Type into Spirulina, Chlorella, and Other Types. The market is segmented by Application into Food & Beverages, Dietary Supplements, Pharmaceuticals, and Others. The market is also segmented by geography.
| By Type | Spirulina |
| Chlorella | |
| Other Types | |
| By Application | Food & Beverages |
| Dietary Supplements | |
| Pharmaceuticals | |
| Other Applications | |
| By Geography | Brazil |
| Argentina | |
| Rest of South America |
South American Algae Protein Market Research FAQs
What is the current South American Algae Protein Market size?
The South American Algae Protein Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in South American Algae Protein Market?
Roquette Frères, Corbion N.V, Cyanotech Corporation and Taiwan Chlorella Manufacturing Company are the major companies operating in the South American Algae Protein Market.
What years does this South American Algae Protein Market cover?
The report covers the South American Algae Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South American Algae Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South American Algae Protein Industry Report
Statistics for the 2024 South American Algae Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South American 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.
