LAMEA 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

The Latin America, Middle East and Africa Algae Protein Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).

The edible seaweed Ulva rigida and Ulva rotundata have been used to extract proteins. It has been found that NaOH under reductive circumstances or a two-phase system (polyethylene glycol/K2CO3) produces the highest protein yields. The extraction of Ulva rotundata and Ulva rigida proteins in a basic medium with NaOH and mercaptoethanol resulted in the optimum recovery of protein.

However, the denaturing action of NaOH and mercaptoethanol on the tertiary structure of proteins advised a restricted and regulated application of this method. It was observed that a significant portion of the nitrogenous components in the green algae Ulva sp. were not removed using the conventional technique. The insoluble fiber fraction of Ulva sp. was found to have substantial levels of residual protein (20%).

Protein extraction yields from Ulva rigida Agardh and Ulva rotundata appear to be unaffected by the use of cellulase-based enzymatic extraction techniques. These experimental results may be explained by the poor substrate accessibility of the complete cell wall. This notion is further supported by the enhancement of protein yield following the application of a polysaccharide combination.

According to the National Library of Medicine, cancer is one of the leading causes of mortality in this country and has a high incidence in Africa. In addition, according to statistics given by Frontiers of Oncology, the number of cancer cases in Northern and Central Africa increased between 2002 and 2018. In 2018, 8.85/100,000 instances were documented in Northern Africa, while 6.35/100,000 cases were recorded in Central Africa. In addition, this number is anticipated to rise in the future.

The Brazil market dominated the LAMEA Algae Protein Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $49.7 million by 2028.The Argentina market is exhibiting a CAGR of 9.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Algae Protein Market is Predict to reach $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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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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