Algae Protein Market Size

Algae Protein Market size was over USD 909.23 million in 2024 and is anticipated to exceed USD 2.02 billion by the end of 2037, witnessing over 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of algae protein is evaluated at USD 955.78 million.

The growth of the market can be attributed to the growing demand for food all around the globe. By 2050, the demand for food is anticipated to rise by anywhere from about 58% to approximately 97%. Hence, the demand for algae is estimated to increase. Algae are utilized in the food business as functional food additives and food supplements. To enhance the quality of fish, fish products, and oils, algae is also added to meat products such as pasties, steaks, frankfurters, and sausages. Another category of items that are supplemented with algae are those that are made from cereals, such as pasta, flour, and bread. Owing to their characteristics, algae are additionally employed to create fermented, useful foods.

Moreover, algae have many advantages, including the ability to be grown in self-contained facilities where farmers may recycle nutrients and a growth rate that is ten times faster than that of conventional crops. Certain algae species could provide essential vitamins, minerals, and omega-3 fatty acids to a human diet and have protein levels over 39% of dry mass. Hence, all these factors are estimated to boost the demand for algae in the market. Additionally, algae are known to be healthier as compared to all other protein rich food. Hence its demand is high among people who are on a diet or follow a healthy lifestyle regime.