Report 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.
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.
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 Synopsis
Report Metrics | Details | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Base year considered | 2022 | ||||||||||||||||
Forecast period considered | 2023-2028 | ||||||||||||||||
Base year market size | $904.7 million | ||||||||||||||||
Market size forecast | $1.3 billion | ||||||||||||||||
Growth rate | CAGR of 6.8% during the forecast period of 2023-2028 | ||||||||||||||||
Units considered | $ Millions and Million Tons | ||||||||||||||||
Segments covered | By Type, Application, and Region | ||||||||||||||||
Regions covered | North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA) | ||||||||||||||||
Countries covered | U.S., Canada, Mexico, Brazil, China, India, Japan, Italy, Germany, France, U.K., South Africa, and Saudi Arabia | ||||||||||||||||
Key Market Drivers |
|
||||||||||||||||
Companies studied |
|
Frequently Asked Questions (FAQs)
- Growing Market for Alternative Proteins.
- Growing Animal Feed Industry.
- Increasing Demand for Dietary Supplements.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Related Reports
Nutraceuticals: Global Markets
The global market for nutraceuticals is expected to grow from $418.2 billion in 2024 and is projected to reach $571.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2024 to 2029.
Processed Meat: Global Markets
This report provides an overview of the global processed meat market, offering detailed insights into its current scenario and future potential. It includes market projections through 2029 and evaluates the market position of key players. The report categorizes the processed meat market based on product type, animal type, distribution channel, and region.
Seaweed Extract: Global Markets
The global market for seaweed extract is expected to grow from $17.5 billion in 2024 and is projected to reach $20.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.6% during the forecast period of 2024 to 2029.
Plant-based Meat: Global Markets
The global market for plant-based meat is expected to grow from $8.8 billion in 2023 to $17.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 14.1% from 2023 through 2028.
Recent Reports
Nutraceuticals: Global Markets
The global market for nutraceuticals is expected to grow from $418.2 billion in 2024 and is projected to reach $571.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2024 to 2029.
Global Market for Coffee Machines
This comprehensive report explores the global coffee machine market, offering detailed insights into its current scenario and future potential. The analysis thoroughly examines market drivers, restraints, challenges, and opportunities, providing stakeholders with a holistic understanding of the industry dynamics.
The Global Market for Food Additives
The global market for food additives is expected to grow from $80.4 billion in 2024 and is projected to reach $106.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.
Processed Meat: Global Markets
This report provides an overview of the global processed meat market, offering detailed insights into its current scenario and future potential. It includes market projections through 2029 and evaluates the market position of key players. The report categorizes the processed meat market based on product type, animal type, distribution channel, and region.
Seaweed Extract: Global Markets
The global market for seaweed extract is expected to grow from $17.5 billion in 2024 and is projected to reach $20.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.6% during the forecast period of 2024 to 2029.
Top Trending Reports
AI in Clinical and Molecular Diagnostics Market
The global market for AI in clinical and molecular diagnostics is expected to grow from $2.6 billion in 2024 and is projected to reach $8.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2024 to 2029.
Point-of-Care Diagnostics: Technologies and Global Markets
The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.
Medical Devices: Technologies and Global Markets
The global market for medical devices reached $739.6 billion in 2023. It is expected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
CRISPR Technology: Global Markets
The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.
Global Artificial Intelligence (AI) Market: Investments vs Potential
The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More