Europe Algae Protein Market

Europe Algae Protein Market Size, Share & Industry Trends Analysis Report By Type (Microalgae and Macroalgae), By Source (Freshwater and Marine), By Application (Dietary Supplements, Animal Feed, Pharmaceuticals, Human Food), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-12198 Publication Date: November-2022 Number of Pages: 82
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Market Report Description

The Europe Algae Protein Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).

The high protein content of algal proteins makes them a suitable source of new protein for animal feed. Approximately 30 percent of algal output is being used for animal feed. Due to its nutritional advantages and high protein content, spirulina is commonly used to augment animal feed. Proteins derived from algae may be fed to a broad variety of animals, including livestock and domesticated animals.

Protein from seaweed, chlorella, and spirulina may be added to the diets of several species, including pigs, cows, sheep, chickens, and rabbits. An intensive study has been conducted on the consumption of algal proteins by chickens in the hopes of generating a profit from this unique protein source. It has been shown that algal proteins can strengthen the immune systems of animals, lower their cholesterol levels, and boost their white blood cell count.

Furthermore, algae is an excellent source of omega-a3 for any animal that receives it through the feed. The incorporation of Spirulina protein into chicken feed has been the subject of many studies and has benefits for the production of eggs for customers. Algae protein has been utilized to substitute soy protein in animal feed for pigs, and spirulina has become a popular supplement to their diet. The use of brown seaweed by pigs has been shown helpful for weight gain, and it can also improve the iodine levels in their muscles.

According to the National Library of Medicines, the use of seaweed as a food source, which was formerly restricted to specific European regional subpopulations, has increased significantly across European nations and other EU areas during the past decade. In addition, as people become more aware of and interested in sustainable and alternative food sources, better lives, and dietary changes, seaweed has emerged as a prominent ingredient in cuisines throughout the world.

The Germany market dominated the Europe Algae Protein Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $165.4 million by 2028.The UK market is anticipated to grow at a CAGR of 8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.7% during (2022 - 2028).

Based on Type, the market is segmented into Microalgae and Macroalgae. Based on Microalgae Type, the market is segmented into Spirulina, Chlorella and Others. Based on Source, the market is segmented into Freshwater and Marine. Based on Application, the market is segmented into Dietary Supplements, Animal Feed, Pharmaceuticals, Human Food and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Algae Protein Market will Hit $4.4 Billion by 2028, at a CAGR of 8.1%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cyanotech Corporation, E.I.D. Parry Limited (Murugappa Group), Rainbow Light Nutritional Systems, LLC (The Clorox Company), Corbion N.V., DIC Corporation, NOW Foods, Inc., ENERGYbits, Inc., Vimergy LLC, and Far East Microalgae Industries, Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Microalgae
    • Spirulina
    • Chlorella
    • Others
  • Macroalgae

By Source

  • Freshwater
  • Marine

By Application

  • Dietary Supplements
  • Animal Feed
  • Pharmaceuticals
  • Human Food
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • Cyanotech Corporation
  • E.I.D. Parry Limited (Murugappa Group)
  • Rainbow Light Nutritional Systems, LLC (The Clorox Company)
  • Corbion N.V.
  • DIC Corporation
  • NOW Foods, Inc.
  • ENERGYbits, Inc.
  • Vimergy LLC
  • Far East Microalgae Industries, Co., Ltd
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