Chlorella Ingredients Market

Chlorella Ingredients Market Outlook (2022 to 2032)

As per the Chlorella Ingredients Market analysis, global demand is expected to increase significantly rising at a CAGR of 7.4% from a valuation of USD 141 Million in 2022. Further, chlorella ingredients sales are likely to account for 15% of the global microalgae ingredients market demand.

The rising popularity of supplements made from algae among health-conscious consumers is fueling the growth of the global chlorella ingredients market. Additionally, the chlorella ingredients market is expanding due to the soaring demand for natural functional ingredients in application industries.

As chlorella is a suitable substitute for animal-based proteins, expanding veganism, particularly in the USA and many countries in Europe, is anticipated to propel chlorella ingredients market expansion during the forecast period of 2022 to 2032.

Because of these health advantages, chlorella pills are becoming more popular among people who are concerned about their health. This is changing the chlorella ingredients market outlook at a fast pace.

However, the high cost of manufacturing is limiting the expansion of the chlorella ingredients market. For best growth, chlorella needs carbonated water and artificial light or shade, which raises its value.

Furthermore, the proper pulverization of the cell walls utilizing expensive machinery is required in order to employ chlorella as a food source. During the anticipated period, the chlorella ingredients market expansion is expected to be hampered by these costs, which are reflected in the cost of the finished good.

Attributes	Details
Chlorella Ingredients Market Size (2022E)	USD 141.1 Million
Chlorella Ingredients Market Projected Size (2032F)	USD 287.7Million
Value CAGR (2022 to 2032)	7.4%

How Does the Chlorella Ingredients Market Compare in the Historic and Future Outlook?

Growing consumer awareness of the health benefits of microalgae products, as well as growing preference for plant-derived proteins, are the primary drivers pushing the demand for chlorella ingredients forward during the forecast period.

Customers' interest in superfoods' or nutrition-rich food has grown in recent years. Consumers who are concerned about their health are driving the demand for products that encourage good health, increase longevity, and prevent chronic diseases.

Chlorella produces lutein, a molecule that has been shown to treat and prevent macular degeneration as well as having anti-cataract properties. These characteristics are pushing the adoption of chlorella ingredients at a fast rate.

Growing demand for personal care and cosmetic items has played a vital influence in supporting the expansion of the chlorella ingredients market around the globe. In cosmetic products, chlorella serves as a component that adds pigment. Furthermore, chlorella is a significant source of the chlorophyll found in cosmetics including creams, lotions, and hair care items.

The rise of the chlorella ingredients market internationally has also been fueled by a rising number of health-conscious consumers. Chlorella aids in boosting the immune system, decreasing gastrointestinal ulcers, lowering blood sugar and cholesterol, and raising hemoglobin levels. These elements have influenced the sales of chlorella ingredients all around the world.

The expanding government support for organic farming in many parts of the world is another factor driving the expansion of the chlorella ingredients market globally. This has also increased chlorella cultivation, which has propelled the demand for chlorella ingredients globally.

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Nutritional Properties of Chlorella Ingredient to Boost Sales

Chlorella contains a lot of nutrients, glycerine, sugar content, and bases that have been esterified to saturated as well as unsaturated fats. Some essential fatty acids, like omega-3 and omega-6, are plentiful in Chlorella, and a high level of PUFAs, comparable to the that discovered in fish oils, has been discovered.

Chlorella is a high-quality source of minerals and vitamins that can be easily consumed by both adults and children to meet their daily vitamin requirements.

Alpha-carotene, beta-carotene, vitamins B1, B2, B3, B5, B6, E, and vitamin K are just a few of the vitamins found in large amounts in chlorella. Folic acid, biotin, inositol, choline, and vitamin B12 are all found in trace amounts. As Chlorella is composed of 55-60% protein, 1-4% chlorophyll, 9-18% dietary Fibre, vitamins, and minerals it is widely used in the nutraceuticals market as well.

Country-wise Insights

How is the USA Chlorella Ingredients Market Shaping?

Due to the growing inclination for healthy food products, which is boosting the demand for chlorella ingredients, North America dominated the global chlorella ingredients market.

Additionally, the chlorella ingredients market is expanding as a result of rising advancements in the food and beverage industry and rising veganism adoption among the populace.

The USA Chlorella Ingredients market has a market valuation of USD 33.1 Million in 2022 and is expected to rise at a CAGR of 6.6% by 2032.

What is the Growth Potential of the Chlorella Ingredients Market in Asia?

Increasing health consciousness among consumers and changing lifestyles in Asian nations are expected to make the Asia Pacific the significant-growing chlorella ingredients market between 2021 and 2026.

As a result of the rising adoption of chlorella ingredients in a wide range of Asian cuisines, the market for such ingredients is expanding.

One of the key factors in the expansion of the Asia-Pacific chlorella ingredients market is China and Japan. Chlorella ingredients market expansion in the area is being driven by the accelerated growth of the personal care sector in Asia-growing Pacific economies.

What is the Performance of the Indian Chlorella Ingredients Market?

As per the chlorella ingredients market study, chlorella cultivation for the manufacture of biomass or derivative goods is an economic activity that has previously been commercialized in a number of countries including India.

The high protein, carotenoids, vitamin, and mineral content of these microalgae has sparked interest because of their rapid growth and simple life cycles, which allow for in-depth studies of their mechanisms as well as their use as a food replacement advantages such as high nutrients, vitamin, carotenoids, and mineral content.

Such varied application of chlorella ingredients is boosting demand in the Indian market as well.

Category-wise Insights

Will Conventional Nature Remain the Top-selling Product Type?

Conventional nature holds around 75.1% of the chlorella ingredients market share in 2022, however, the organic type of chlorella ingredients is expected to grow with a high demand for chlorella ingredients over the forecast period.

Chlorella ingredients have been extensively explored to acquire biomass or extract bioactive chemicals that could be used in functional nutritional supplements, nutraceuticals, cosmetics, and medicines. This benefit for human or medical nutrition stems from their biological actions that provide health advantages to boost the chlorella ingredients market.

Which Source of the Chlorella Ingredients Holds Dominant Market Share?

The source of chlorella ingredients is classified into marine water and freshwater. Freshwater holds the dominant chlorella ingredients market share. The easy access to chlorella ingredients through freshwater is a key factor propelling the chlorella ingredients market forward.

Which Application is Contributing the Most Towards Chlorella Ingredients Sales?

Chlorella ingredients mostly have their application its segments such as health and medical science, food, and beverages. Health and medical science hold a leading chlorella ingredients market share, nonetheless, the food and beverages segment is set to witness tremendous growth in the coming decade.

Competitive Landscape

In the years to come, the chlorella ingredients market is anticipated to benefit from distinctive cultivation techniques and forthcoming revolutionary uses. Due to growing industrialization, product extensions, technological advancements, and the excellent quality of manufactured goods, the competition in this industry is anticipated to intensify more in the years to come.

For example:

• The European Food Safety Authority has approved two Chlorella vulgaris microalgae powders produced by the Portuguese seller All Microalgae as food ingredients and food supplements (EFSA). The sensory profile of variations of White, as well as Yellow Chlorella vulgaris, is noteworthy. In comparison to traditional, intensely green-colored products, these new releases are much more visibly neutral and offer a discrete taste profile while maintaining the same nutrient benefit.

Scope of the Report

Attributes	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2022
Market Analysis	USD Million for Value and MT for Volume
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa
Key Countries Covered	USA, Canada, Brazil, Mexico, Chile, Peru, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC Countries, Turkey, South Africa, North Africa, and Central Africa
Key Segments Covered	Source, End Use Application and Region
Key Companies Profiled	Sun Chlorella Corporation London; Nutriphys; Taiwan Chlorella Manufacturing Company; Yaeyama Chlorella; Gong Bih Enterprise; Fuqing King Dnarmsa Spirulina Co. Ltd.; Like Chlorella Biotech; Guangzhou Jinqiu Chlorella; Vedan Enterprise; Dongtai City Spirulina Bio-engineering; Tianjin Norland Biotech; NP Nutra; Green Source Organics
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Chlorella Ingredients Market by Category

By End Use Application:

• Food and Beverages Sector
• Health and Medical Sector
• Animal Feed Sector
• Pet Food Sector
• Cosmetics and Personal Care Sector
• Fertilizers Sector

By Source:

• Marine water
• Fresh Water

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Frequently Asked Questions

How big is the Chlorella Ingredients Market?

The chlorella ingredients market is expected to reach nearly USD 141.0 Million by 2022.

What is the North America Chlorella Ingredients Market Outlook?

The North American chlorella ingredients market is expected to register a 6.6% CAGR between 2022 and 2032.

At What Rate Will Chlorella Ingredients Demand Grow in Europe?

The demand for chlorella ingredients is expected to grow at a 7.7% CAGR between 2022 and 2032.

Which Are the Key Players in Chlorella Ingredients Market?

Sun Chlorella Corporation London, Nutriphys, Taiwan Chlorella Manufacturing Company, Yaeyama Chlorella, Gong Bih Enterprise, NP Nutra, and Green Source Organics are a few players in the chlorella ingredients market.