Algae Protein Market Analysis

Application (Dietary Supplements, Food Product, Animal Feed)

The global algae protein market is segmented and analyzed for demand and supply by application segment into dietary supplements, food product, and animal feed. Out of these, the food product segment is anticipated to garner the highest revenue by the end of 2037. The growth of the segment can be attributed to growing population which is further estimated to boost the demand for food. Moreover, there has been a rise in the disposable income of the people owing to which they demand more food products. Consumers in the United States spent an average of 10.3% of their disposable personal income on food in 2021, which was split between food consumed at home (5.2%) and outside of the home (6.4%). (5.1 percent). Hence, the demand for algae protein is growing, since it is rich in protein. For instance, cold water seaweed called porphyra develops in shallow, chilly waters. It has a high ratio of vitamins, about 44% carbs, and approximately 34% proteins. It is used to make marine vegetable products in East Asia, such "amanori" in Japan.

Source (Freshwater, Marine Water)

The global algae protein market is also segmented and analyzed for demand and supply by source into freshwater, and marine water. Amongst which the marine water segment is expected to grow significantly over the forecast period. Seaweeds, sometimes known as marine algae, are a staple of traditional Asian cuisine, especially in Japan and Korea. It is eaten as a snack or used as a seasoning in dishes or soups. As one of the richest vegetables in terms of these minerals, sea algae are thought to be present in all species. This is probably their greatest advantage. They are also renowned for having high potassium and magnesium concentrations. Moreover, it has been proven that consuming them enhances and maintains the health of the skin, hair, and nails. In addition to helping people lose weight and get rid of fat deposits, marine algae could also help people get rid of mucus buildup that might result from drinking too much milk. Hence, owing to this the segment is anticipated to grow.

Our in-depth analysis of the global market includes the following segments: