Global Algae Protein Market

Global Algae Protein Market Size overview 

• The Global Algae Protein Market Size is Expected to Grow from USD 985.7 Million in 2023 to USD 1534.8 Million by 2033, at a CAGR of 4.53% during the forecast period 2023-2033.
• The Global Algae Protein Market is rapidly expanding, driven by rising demand for sustainable, plant-based protein sources in the food, nutraceutical, and animal feed industries. Algae protein, derived from both microalgae and macroalgae, is high in essential amino acids, vitamins, and minerals, making it a popular choice among health-conscious and vegan customers.
• Its low environmental impact contributes to market expansion amid global sustainability concerns.
• North America and Europe are the early adopters, with Asia-Pacific showing great potential due to rising awareness and demand for alternative proteins.
• Key players are investing in advanced cultivation and extraction technologies to improve product quality and increase production capacity.

Major vendors in the Global Algae Protein Market

Corbion, Cyanotech Corporation, Earthrise Nutritional, Far East Bio-Tec Co. Ltd., E.I.D-Parry Limited, ENERGY Bit Inc., Rainbow Light, NOW Foods, Prairie Naturals, Vimergy LLC, and Others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Global Algae Protein Market based on the below-mentioned segments:

Global Algae Protein Market, By Type

• Spirulina
• Chlorella
• Others

Global Algae Protein Market, By Source

• Freshwater Algae
• Marine Algae
• Others

Global Algae Protein Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa