Algal Protein Market: —
Algae is one of the simplest and abundant forms of plant life, ranging from single cell microalgae to largest seaweeds. Algae produce products like biodiesel, protein, fats, carbohydrate and other. Algae contain 10% to 50% of protein depending upon their sizes. Chlorella, type of algae, contains 58g of protein in 100g of it. Due to high protein content, algal protein is gaining preference as a plant protein alternative. Algal protein is rich in vitamins, minerals, and carotenoids that help the cells from damage. Algal protein boosts the immune system, improve digestion, reduce fatigue, build endurance, acts as the detoxifier, boosts energy levels, controls appetite, improves cardiovascular function, reduces inflammation and allergies and helps in better functioning of liver and kidneys. Algae protein contains omega-3 fatty acids which prevent several diseases like atherosclerosis, thrombosis, arthritis, cancers, etc. The omega-3 fatty acids include Docosahexaenoic acid (DHA) and Eicosapentaenoic acid (EPA). Algae contain protein with essential amino acids, which is involved in the metabolic processes like enzyme production. Hence, high demand is observed for algae products from the food & feed industry in the market.
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Demand for protein globally is driven by socio-economic changes such as rising incomes, increased urbanization, and aging populations whereby the contribution of protein to healthy aging is increasingly recognized and recognition of the role of protein in a healthy diet. Economic development and increased urbanization are leading to major transitions in population-level dietary patterns in low and middle-income countries in particular, such that most of the global increases in demand for foods of animal origin are seen in developing countries.
The algae production requires a high-level of sterility, which also makes it an expensive procedure. Another cause of concern is that it's intake as a dietary supplement may lead to indigestion or allergic reactions in humans.
The global Algal Protein market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Algal Protein market based on company, product type, end user and key regions.
This report studies the global market size of Algal Protein in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Algal Protein in these regions.
This research report categorizes the global Algal Protein market by top players/brands, region, type and end user. This report also studies the global Algal Protein market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
The Nutrex Hawaii
The study objectives of this report are:
To study and analyze the global Algal Protein market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Algal Protein market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Algal Protein companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Algal Protein submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Algal Protein market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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