North American Algae Protein Market - Forecast(2021 - 2026)

Report Code: FBR 23631 Report Format: PDF + Excel (Delivery in 48 Hrs)

North American Algae Protein Market Overview

North American Algae Protein Market size in 2019 is estimated to be $276.3 million, growing at a CAGR of 6.5% during the forecast period 2020-2025. Algae proteins are the protein derived from algae particularly from blue algae and green algae which grown in fresh water and marines. It consist of high protein as well as vitamins, amino acids, omega-3 and other essential fatty acids. It helps to improve immune system, digestion system, cardiovascular functions, reduce fatigue and allergies and other inflammation. Algae proteins are widely used in food & beverage, pharmaceutical industry, personal care, dietary supplements, cosmetics and others. Increasing awareness about nutritional benefits of algae protein among consumers coupled with rising aging population in this region are the major factors driving the growth of the market. Moreover, increasing popularity of naturally derived health supplements and food products owing to rise in concern about health further enhance the overall market demand for North American Algae Protein during the forecast period 2020-2025.

Report Coverage

The report: “North American Algae Protein Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the North American Algae Protein Market:
By Type : Spirulina, Chlorella, and Other types.
By Product Form : Powder, Tablet, Liquid.
By Application : Functional Food and Beverages, Nutritional and Dietary Supplements, Animal Feed, Cosmetics & Personal Care Products, Pharmaceuticals, and Others.

Key Takeaways

  • Increasing prevalence of obesity and cardiovascular diseases in this region is driving the market growth of North American Algae Protein.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the North American Algae Protein Market report.
  • High cost of algae protein products and availability of cheap substitute product in the market are challenging the growth of the market.

North American Algae Protein Market Segment Analysis - By Type

Based on the Product Type, North American Algae Protein Market is segmented into Spirulina, Chlorella, and Other types. The Spirulina segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.7% during the forecast period 2020-2025. This is mainly owing to it being the most highly consumed algae owing to their nutritional benefits such as anti-hypertension, renal protective, anti-hyperlipidaemia, and anti-hyperglycaemic . Moreover, it is rich in protein and contains 60% protein content further contributing to the growth of this segment.

North American Algae Protein Market Segment Analysis - By Product Form

Based on the Product Form, North American Algae Protein Market is segmented into Powder, Tablet, Liquid. In 2019, powder segment held the largest share in the North American Algae Protein market. This is mainly owing to rising preference of people towards powder form owing to ease and flexibility of use. Moreover, availability of new flavors in algae protein is also contributing to the growth of this segment.

North American Algae Protein Market Segment Analysis - By Application

Based on the Product Form, North American Algae Protein Market is segmented into Functional Food and Beverages, Nutritional and Dietary Supplements, Animal Feed, Cosmetics & Personal Care Products, Pharmaceuticals, and Others. In 2019, Functional Food and Beverages segment held the largest share in the North American Algae Protein market. This is mainly owing to rising demand of functional food and beverages product in this region owing to the health benefits and rise in health consciousness among consumers.

North American Algae Protein Market Drivers

Increasing Prevalence of obesity and cardiovascular diseases

Increasing Prevalence of obesity and cardiovascular diseases in this region so that people are more inclined towards heathy supplements are some factors driving the growth of North American Algae Protein market. According to U.S. Department of Health and Human service, about 78 million U.S. adults and about 12.5 million (16.9%) children and adolescents are obese.

Growing Consumption Healthy Products

Growing consumption rate of healthy food and beverages products owing to health benefits is driving the growth of the market. Moreover, people are more inclined towards plant protein sources rather than animal based products owing to environmental impacts are further contributing to the growth of North American Algae Protein market.

North American Algae Protein Market Challenges

High cost of algae protein products are challenging the growth of the market. Moreover, availability of cheap substitute product are further restraining its market growth during the forecast period 2020-2025.

North American Algae Protein Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the North American Algae Protein Market. North American Algae Protein top 10 companies are Corbion Biotech, Inc., NP Nutra, Algama, Arizona Algae Products, LLC, Global Algae Innovations, Inc., Algenol Biotech LLC, Triton Algae Innnovations, Pond Technologies Holdings Inc., Earthrise Nutritionals LLC., Cyanotech Corporation.

Acquisitions/Product Launches:

In December 2019, Corbion Biotech, Inc. has signed a partnership with Nestle to Produce Protein-Rich, Microalgae-Based Ingredients.

1. North American Algae Protein Market Overview
    1.1 Definitions and Scope
2. North American Algae Protein Market - Executive Summary
    2.1 Market Size and Key Trends 
    2.2 Key trends by Type
    2.3 Key trends by Form
    2.4 Key trends by Application
3. North American Algae Protein Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. North American Algae Protein Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. North American Algae Protein Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. North American Algae Protein Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. North American Algae Protein Market - Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. North American Algae Protein Market – By Type (Market Size -$Million/$Billion)
    8.1 Spirulina
    8.2 Chlorella
    8.3 Others
9. North American Algae Protein Market – By Form (Market Size -$Million/$Billion)
    9.1 Powder
    9.2 Tablet
    9.3 Liquid
10. North American Algae Protein Market – By Application (Market Size -$Million/$Billion)
    10.1 Functional Food and Beverages
    10.2 Nutritional and Dietary Supplements
    10.3 Animal Feed 
    10.4 Cosmetics & Personal Care Products
    10.5 Pharmaceuticals
    10.6 Others
11. North American Algae Protein Market – Entropy
12. North American Algae Protein Market Company Analysis
    12.1 Company Revenue, Products, M&A, Developments
    12.2 Company 1
    12.3 Company 2
    12.4 Company 3
    12.5 Company 4
    12.6 Company 5
    12.7 Company 6
    12.8 Company 7
    12.9 Company 8
    12.10 Company 9
    12.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Market Segmentation Market 2019-2024 ($M)
1.1 By Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Spirulina Market 2019-2024 ($M)
1.1.2 Chlorella Market 2019-2024 ($M)
1.2 By Application Market 2019-2024 ($M) - Global Industry Research
1.2.1 Dietary Supplements Market 2019-2024 ($M)
1.2.2 Food Products Market 2019-2024 ($M)
1.2.3 Animal Feed Market 2019-2024 ($M)
1.2.4 Sports Nutrition Market 2019-2024 ($M)
2.Global Market Segmentation Market 2019-2024 (Volume/Units)
2.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Spirulina Market 2019-2024 (Volume/Units)
2.1.2 Chlorella Market 2019-2024 (Volume/Units)
2.2 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Dietary Supplements Market 2019-2024 (Volume/Units)
2.2.2 Food Products Market 2019-2024 (Volume/Units)
2.2.3 Animal Feed Market 2019-2024 (Volume/Units)
2.2.4 Sports Nutrition Market 2019-2024 (Volume/Units)
3.North America Market Segmentation Market 2019-2024 ($M)
3.1 By Type Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Spirulina Market 2019-2024 ($M)
3.1.2 Chlorella Market 2019-2024 ($M)
3.2 By Application Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Dietary Supplements Market 2019-2024 ($M)
3.2.2 Food Products Market 2019-2024 ($M)
3.2.3 Animal Feed Market 2019-2024 ($M)
3.2.4 Sports Nutrition Market 2019-2024 ($M)
4.South America Market Segmentation Market 2019-2024 ($M)
4.1 By Type Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Spirulina Market 2019-2024 ($M)
4.1.2 Chlorella Market 2019-2024 ($M)
4.2 By Application Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Dietary Supplements Market 2019-2024 ($M)
4.2.2 Food Products Market 2019-2024 ($M)
4.2.3 Animal Feed Market 2019-2024 ($M)
4.2.4 Sports Nutrition Market 2019-2024 ($M)
5.Europe Market Segmentation Market 2019-2024 ($M)
5.1 By Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Spirulina Market 2019-2024 ($M)
5.1.2 Chlorella Market 2019-2024 ($M)
5.2 By Application Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Dietary Supplements Market 2019-2024 ($M)
5.2.2 Food Products Market 2019-2024 ($M)
5.2.3 Animal Feed Market 2019-2024 ($M)
5.2.4 Sports Nutrition Market 2019-2024 ($M)
6.APAC Market Segmentation Market 2019-2024 ($M)
6.1 By Type Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Spirulina Market 2019-2024 ($M)
6.1.2 Chlorella Market 2019-2024 ($M)
6.2 By Application Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Dietary Supplements Market 2019-2024 ($M)
6.2.2 Food Products Market 2019-2024 ($M)
6.2.3 Animal Feed Market 2019-2024 ($M)
6.2.4 Sports Nutrition Market 2019-2024 ($M)
7.MENA Market Segmentation Market 2019-2024 ($M)
7.1 By Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Spirulina Market 2019-2024 ($M)
7.1.2 Chlorella Market 2019-2024 ($M)
7.2 By Application Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Dietary Supplements Market 2019-2024 ($M)
7.2.2 Food Products Market 2019-2024 ($M)
7.2.3 Animal Feed Market 2019-2024 ($M)
7.2.4 Sports Nutrition Market 2019-2024 ($M)

LIST OF FIGURES

1.US North American Algae Protein Market Revenue, 2019-2024 ($M)
2.Canada North American Algae Protein Market Revenue, 2019-2024 ($M)
3.Mexico North American Algae Protein Market Revenue, 2019-2024 ($M)
4.Brazil North American Algae Protein Market Revenue, 2019-2024 ($M)
5.Argentina North American Algae Protein Market Revenue, 2019-2024 ($M)
6.Peru North American Algae Protein Market Revenue, 2019-2024 ($M)
7.Colombia North American Algae Protein Market Revenue, 2019-2024 ($M)
8.Chile North American Algae Protein Market Revenue, 2019-2024 ($M)
9.Rest of South America North American Algae Protein Market Revenue, 2019-2024 ($M)
10.UK North American Algae Protein Market Revenue, 2019-2024 ($M)
11.Germany North American Algae Protein Market Revenue, 2019-2024 ($M)
12.France North American Algae Protein Market Revenue, 2019-2024 ($M)
13.Italy North American Algae Protein Market Revenue, 2019-2024 ($M)
14.Spain North American Algae Protein Market Revenue, 2019-2024 ($M)
15.Rest of Europe North American Algae Protein Market Revenue, 2019-2024 ($M)
16.China North American Algae Protein Market Revenue, 2019-2024 ($M)
17.India North American Algae Protein Market Revenue, 2019-2024 ($M)
18.Japan North American Algae Protein Market Revenue, 2019-2024 ($M)
19.South Korea North American Algae Protein Market Revenue, 2019-2024 ($M)
20.South Africa North American Algae Protein Market Revenue, 2019-2024 ($M)
21.North America North American Algae Protein By Application
22.South America North American Algae Protein By Application
23.Europe North American Algae Protein By Application
24.APAC North American Algae Protein By Application
25.MENA North American Algae Protein By Application
26.Allma, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Corbion Biotech Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cyanotech Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Earth Rise Nutritionals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Energybits, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Far East Bio-Tech Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Heliae Development LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Klotze, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Nutress, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Nutrex Hawaii Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Plant Head, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Rainbow Light Nutritional Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Spira, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.TerraVia Holdings Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)