Chlorella Ingredients Market Share, Growth & Forecast [2031]

Segments - Chlorella Ingredients Market by Applications [Dietary Supplement, Animal Feed, Food and Beverages, and Other Applications] and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The chlorella ingredients market size was valued at USD 414 million in 2022, and is projected to reach USD 496.02 million by 2031, with a CAGR of 15% from 2023 – 2031. Growth of the market is attributed to increasing population, unhealthy lifestyles, and increasing number of people adopting vegan lifestyle.

The chlorella ingredients contain certain compounds that are antioxidants, including vitamin C, chlorophyll, beta-carotene, lutein, and lycopene. These antioxidants help to cure several chronicle diseases. The chlorella ingredients help to remove harmful compounds and heavy metals from the body, it also helps to reduce the quantity of other damaging chemicals sometimes found in food.

Chlorella helps to increase body’s natural ability to clear toxins and it also improve immune system. Chlorella ingredients help to reduce cholesterol in people with high cholesterol problem and high blood pressure. It increases insulin sensitivity and improves blood sugar in patients.

The chlorella ingredient market is experiencing a positive impact during Covid-19 pandemic due to its major role in the immune system. Chlorella is a natural, sustainable, and healthy super food, which is expecting major demand during the COVID-19 pandemic, as customers are demanding ingredients or more food to improve their digestive and immune systems.

For this reason, algae or microalgae have been one of the super foods trends in Europe. The microalgae chlorella is rich in bio-compounds and nutrients. The Covid-19 pandemic affected the demand and supply of chlorella ingredients market.

Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for vegan protein consumption is projected to boost the market in the coming years.
Various health benefits from chlorella ingredients are the major factor fueling the market.
Increase in price of chemicals is anticipated to restrict market growth during the forecast period.
High cost of the products is projected to hamper the market expansion in the coming years.
R&D investment and technological advancement in chlorella ingredients is projected to create lucrative opportunities for the market players.

Scope of Chlorella Ingredients Market Report

The report on the chlorella ingredients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Chlorella Ingredients Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Application [Dietary Supplement, Animal Feed, Food and Beverages, and Other Applications]
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report	Seagrass Tech private Limited, Parry Nutraceuticals, Phycom BV, Duplaco, NP Nutra, Roquette Klotze GmbH & Co. KG, Aurora, Far East Bio-Tech Co., Ltd. [FEBICO], Heliae, Tianjin Norland Biotech Co., Ltd., and Kingherbs, Inc.

Chlorella Ingredients Market Segment Insights

The food and beverages segment accounts for key share of the market and expected to grow at a rapid pace

Based on applications, the chlorella ingredients market is fragmented into dietary supplement, animal feed, food and beverages, and other applications. The food and beverages segment accounts for a key share of the market.

The growth of the market is attributed to rising population, increasing disposable income, increased use of chlorella in the food industry, and rapid urbanization. The dietary supplement segment is anticipated to expand at rapid pace during the forecast period due to factors such as rising awareness about vegan diet, growing demand for vegan protein consumption, and various health benefits from consuming chlorella.

Chlorella Ingredients Market Applications

The market in Asia Pacific is estimated to hold a major market share

On the basis of regions, the chlorella ingredients market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

The market of North America is anticipated to expand at a high CAGR during the forecast period due to growing demand for vegan protein consumption and various health benefits from consuming chlorella. The market in Asia Pacific is expected to hold major market share due to increase in number of people adopting vegan lifestyle, rising awareness about vegan diet, and increase in urbanization.

Segments

The chlorella ingredients market has been segmented on the basis of

Applications

Dietary Supplement
Animal Feed
Food and Beverages
Other Applications

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Seagrass Tech private Limited
Parry Nutraceuticals
Phycom BV
Duplaco
NP Nutra
Roquette Klotze GmbH & Co. KG
Aurora
Far East Bio-Tech Co., Ltd. [FEBICO]
Heliae
Tianjin Norland Biotech Co., Ltd.
Kingherbs, Inc.

Competitive Landscape

Key players competing in the chlorella ingredients market includes Seagrass Tech private Limited, Parry Nutraceuticals, Phycom BV, Duplaco, NP Nutra, Roquette Klotze GmbH & Co. KG, Aurora, Far East Bio-Tech Co., Ltd. [FEBICO], Heliae, Tianjin Norland Biotech Co., Ltd., and Kingherbs, Inc.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming year.

Chlorella Ingredients Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Chlorella Ingredients Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Chlorella Ingredients Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Chlorella Ingredients Market - Supply Chain
  4.5. Global Chlorella Ingredients Market Forecast
     4.5.1. Chlorella Ingredients Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Chlorella Ingredients Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Chlorella Ingredients Market Absolute $ Opportunity
5. Global Chlorella Ingredients Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Chlorella Ingredients Market Size and Volume Forecast by Applications
     5.3.1. Dietary Supplement
     5.3.2. Animal Feed
     5.3.3. Food and Beverages
     5.3.4. Other Applications
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Chlorella Ingredients Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Chlorella Ingredients Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Chlorella Ingredients Demand Share Forecast, 2019-2026
7. North America Chlorella Ingredients Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Chlorella Ingredients Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Chlorella Ingredients Market Size and Volume Forecast by Applications
     7.4.1. Dietary Supplement
     7.4.2. Animal Feed
     7.4.3. Food and Beverages
     7.4.4. Other Applications
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Chlorella Ingredients Demand Share Forecast, 2019-2026
8. Latin America Chlorella Ingredients Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Chlorella Ingredients Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Chlorella Ingredients Market Size and Volume Forecast by Applications
     8.4.1. Dietary Supplement
     8.4.2. Animal Feed
     8.4.3. Food and Beverages
     8.4.4. Other Applications
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Chlorella Ingredients Demand Share Forecast, 2019-2026
9. Europe Chlorella Ingredients Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Chlorella Ingredients Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Chlorella Ingredients Market Size and Volume Forecast by Applications
     9.4.1. Dietary Supplement
     9.4.2. Animal Feed
     9.4.3. Food and Beverages
     9.4.4. Other Applications
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Chlorella Ingredients Demand Share Forecast, 2019-2026
10. Asia Pacific Chlorella Ingredients Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Chlorella Ingredients Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Chlorella Ingredients Market Size and Volume Forecast by Applications
     10.4.1. Dietary Supplement
     10.4.2. Animal Feed
     10.4.3. Food and Beverages
     10.4.4. Other Applications
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Chlorella Ingredients Demand Share Forecast, 2019-2026
11. Middle East & Africa Chlorella Ingredients Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Chlorella Ingredients Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Chlorella Ingredients Market Size and Volume Forecast by Applications
     11.4.1. Dietary Supplement
     11.4.2. Animal Feed
     11.4.3. Food and Beverages
     11.4.4. Other Applications
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Chlorella Ingredients Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Chlorella Ingredients Market: Market Share Analysis
  12.2. Chlorella Ingredients Distributors and Customers
  12.3. Chlorella Ingredients Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Seagrass Tech private Limited
     12.4.2. Parry Nutraceuticals
     12.4.3. Phycom BV
     12.4.4. Duplaco
     12.4.5. NP Nutra
     12.4.6. Roquette Klotze GmbH & Co. KG
     12.4.7. Aurora
     12.4.8. Far East Bio-Tech Co., Ltd. [FEBICO]
     12.4.9. Heliae
     12.4.10. Tianjin Norland Biotech Co., Ltd.