Algal Protein Market Snapshot (2023 to 2033)

The estimated size of the algal protein market in 2022 was close to US$ 703.89 million. A shift in consumer preference from adopting animal-based proteins to plant-based alternatives is estimated to augment the demand for algal protein. It is likely to have produced US$ 1,772.7 million by 2033, alongside a CAGR of 9% from 2023 to 2033.

Algae is one of the abundant forms of plant life that contains chlorophyll, found in both marines as well as freshwaters. Algal protein is the protein derived from algae, ranging from single cell microalgae to large seaweeds. The protein derived from different algae, such as microalgae and seaweed, contains high protein levels.

Algae living in marine waters consist of protein nearly 60% of its weight, which is higher in comparison to algae living in freshwater. Algal proteins are commonly extracted from specific types of algae such as green algae, red algae, and blue algae, which can be processed into diverse forms such as powder, liquid, pastes, and capsules.

Report Attribute Details
Estimated Market Value (2022) US$ 703.89 million
Expected Market Value (2023) US$ 732 million
Projected Forecast Value (2033) US$ 1,772.7 million
Anticipated Growth Rate (2023 to 2033) 9%

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Algal Protein Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The algal protein market is estimated to have reached a sum of US$ 624.2 million in 2018. During the historical period, 2018 to 2022, the algal protein market registered a 3.0% CAGR.

Some algae such as chlorella and spirulina compose high protein content. For instance, chlorella contains around 58 grams of protein in 100 grams of it, which is significantly higher compared to animal protein. Freshwater algal proteins are majorly derived from spirulina, which is a cyanobacterium (green-blue algae) and is one of the richest sources of protein that contains all essential minerals, carotenoids, and amino acids.

Increasing consumption of algal proteins, owing to the growing awareness regarding their health benefits is estimated to bolster the sales in the global market.

What is primarily Driving the Regional Market for Algal Proteins?

Applications across various end-use Industries to Bolster Demand

Algal proteins extracted from marine and freshwater algae are gaining immense popularity among industries such as food & beverage, animal feed, and cosmetics, owing to their excellent nutritional capabilities, amino acid profile, cells damage repairing properties, and others.

These proteins are finding a wide range of application across the nutrition and supplement sectors, as consumption of algal proteins assist in boosting the immune system, reducing fatigue, improving digestion, building endurance, and boosting energy levels. Algal proteins are increasingly being adopted by athletes, sportspersons, bodybuilders, and others, thereby, facilitating the growth in the market.

A swift rise in trend of veganism and vegetarianism is being witnessed across the globe, due to the rising awareness regarding physical health, animal welfare, and ethical reasons. For instance, according to a report by the MaedAlertHelp Organization, the population of vegans has reached around 79 million across the globe by January 2021. This rise in vegetarian and vegan population is estimated to accelerate the sales of plant-based proteins such as algal proteins, thereby, bolstering the growth in the global market.

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Nandini Roy Choudhury

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What are the Challenges Faced by the Algal Protein Market?

Global Warming and Increasing Costs of Raw Materials to Impede the Growth

Cultivation of algae predominantly depends upon the air moisture content and climatic conditions. High temperature affects the cultivation of algae such as spirulina, preventing the formation of thicker algae due to high rate of water evaporation.

Increasing temperature across the world due to global warming and rising instances such as draught and changes in the salinity of freshwaters is declining the production of algae, which is in turn, hindering the growth in the market. Extravagant cost of algal protein and rising availability of various plant-based protein alternatives such as soy protein, pea protein, and others are hampering the sales of algal protein in the market.

Category-wise Insights

Which Type of Algal Protein is Likely to Gain Traction during the Forecast Period?

Spirulina is Likely to Hold the Leading Market share by Type

Spirulina commanded the largest market share in the type sector in 2022, contributing to about 62% of global market revenue. Spirulina is a high source of protein when compared to other sources made from plants since it has fifty percent to seventy percent protein by dry mass, while soy flour only has 35%. The qualities of spirulina, including as its high mineral and vitamin concentrations, low nucleic acid concentration, and ease of cell wall digestion when compared to other microorganisms, have drawn the attention of several food and feed makers.

Spirulina is increasingly being used as a functional food as a result of the European Food Safety Authority's (EFSA), the Food and Drug Administration's (FDA), along with other well-known food regulatory authorities' designation of it as Generally Recognized as Safe (GRAS). Algae are becoming increasingly recognized as a crucial part of the protein problem-solving process since several species may give great protein outputs per unit of land.

By Application, Which Segment can Gain Traction during the Forecast Period?

The Dietary Segment is likely to Occupy the Lion’s Share in the Global Market

Dietary supplements represented 48.3% of the share of the overall sales in 2022. During the projected period, demand for the product is anticipated to increase owing to the expansion of the nutraceuticals industries in China, India, and Japan as a result of the increased popularity of health supplements.

Chlorella along with spirulina are well-liked algal protein-based nutritional supplements in the area and throughout the world in powder, fluid, tablet, paste, as well as capsule forms.

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Region-wise Analysis

Why is North America Emerging as an Opportunistic Algal Protein Market?

Growing Prevalence of Immune and Cardiac Diseases to Proliferate the Growth

Future Market Insights states that North America is estimated to account for the dominant share in the global algal protein market between 2022 and 2032. A significant portion of the North American algal protein market is likely to be occupied by the United States. In 2022, the United States market for algal protein was estimated to have acquired a 26.9% market share.

A significant rise in burden of diseases such as thrombosis, atherosclerosis, cancers, and arthritis is being experienced across the countries such as the United States and Canada, creating strong demand for preventive supplements. According to a study by the American Cancer Society, nearly 1.9 million new cases of cancers were estimated to be diagnosed across the USA, causing around 608,570 fatalities in the year 2021.

It assists in enhancing the immune system, improving cardiovascular function, and reducing allergies & inflammation as the algal protein contains omega-3 fatty acids and carotenoid, it is increasingly being prescribed for the prevention of aforementioned diseases. Growing prevalence of such diseases is projected to augment the demand for algal protein in the North America market.

How is Asia Pacific Contributing to the Growth of the Algal Protein Market?

Rising Demand for Plant-based Products to Aid the Market Growth

As per FMI, Asia Pacific is anticipated to project rapid growth in the global algal protein market during the forecast period 2022 to 2032. The Chinese algal protein market is anticipated to register a 10.3% CAGR through 2033. The Indian market, on the other hand, is seeking to garner a 12.5% CAGR from 2023 to 2033.

The demand for plant-based proteins is surging at a rapid pace, owing to the increasing vegetarian population and growing adoption on the back of its health benefits. Leading supplement manufacturers are increasingly emphasizing on launching novel plant-based protein products to capitalize on the existing opportunities.

For instance, in 2021, Prolgae, a leading plant-based proteins supplement company, announced launching organic sweet spirulina algae powder and protein bars in the Indian market. A multiplicity of such product launches are estimated to accelerate the sales of algal protein in the Asia Pacific Excluding Japan market.

Market Competition

Leading players are aiming at launching new products and expanding their production capacity to gain edge in the highly competitive market. A vast number of participants in the market have made the worldwide algal protein sector extremely competitive. The leading corporations are concentrating on capacity expansions, in various end-user sectors like animal feed, cosmetics, and food & beverage, collaborations, mergers & acquisitions, and new product innovations.

The key players in this market include:

  • Far East Microalgae Industries, Co., Ltd.
  • Bio-engineering Co., Ltd.
  • Tianjin Norland Biotech Co., Ltd.
  • Prolgae, NB Laboratories
  • Cyanotech Corporation, C.B.N.
  • Gong Bih Enterprise Co., Ltd.
  • Taiwan Chlorella Manufacturing Company Ltd
  • Algenol Biotech
  • Fuqing King Dnarmsa Spirulina Co., Ltd.
  • Sun Chlorella Corporation.

Some of the products being launched by the key players are:

  • Tofurky, a firm that produces plant-based meat, teamed up with Triton Algae Innovations in 2021 to market algae-based meat innovations that use Triton's essential red, protein-rich, non-GMO algae. Triton's essential red algae, which is abundant in Vitamin A, protein, and iron, is expected to play a significant role in the formulation of new products in the future as algae as well as microalgae components continue to be popular due to their sustainability advantages.
  • Corbion and Nestle SA teamed together in 2022 to advance the range of plant-based products. The two will collaborate on the creation of microalgae-based components that may be added to vegan dishes to enhance their nutrition, flavor, and sustainability. In comparison to other traditional components, Nestlé along with Corbion will create microalgae-based products that have less carbon, water, as well as land footprints.

Report Scope

Report Attribute Details
Growth Rate CAGR of 9% from 2022 to 2032
Market value in 2023 US$ 732 million
Market value in 2033 US$ 1772.7 million
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units US$ million for value
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Product Form
  • Product Source
  • Type
  • Application
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa
Key Countries Profiled
  • United States
  • Canada
  • Mexico
  • Brazil
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • Japan
  • China
  • South Korea
  • GCC countries
  • South Africa
  • Israel
Key Companies Profiled
  • Far East Microalgae Industries, Co., Ltd.
  • Bio-engineering Co., Ltd.
  • Tianjin Norland Biotech Co., Ltd.
  • Prolgae, NB Laboratories
  • Cyanotech Corporation, C.B.N.
  • Gong Bih Enterprise Co., Ltd.
  • Taiwan Chlorella Manufacturing Company Ltd
  • Algenol Biotech
  • Fuqing King Dnarmsa Spirulina Co., Ltd.
  • Sun Chlorella Corporation
Customization & Pricing Available on Request

Key Segments Profiled in the Algal Protein Market

By Product Form:

  • Powder
  • Liquid

By Product Source:

  • Marine Algae
  • Fresh Water Algae

By Type:

  • Spirulina
  • Chlorella

By Application:

  • Dietary Supplements
  • Food & Beverage
  • Animal Feed
  • Cosmetics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Frequently Asked Questions

What is the anticipated growth of the algal protein market from 2023 to 2033?

The algal protein market is expected to grow at a 9% CAGR from 2023 to 2033.

What can be expected from the global market for algal protein by 2023?

By 2023, the algal protein market is estimated to gain US$ 732 million.

What is anticipated be the total market valuation by 2033?

By 2033, the algal protein market valuation might reach a sum of US$ 1772.7 million.

In comparison to the global market, what will be the outlook of the United States market?

Algal protein sales in the US were predicted to reach a market share of 26.9% in 2022.

By product type, which segment gaining traction for the sales of algal protein?

In 2022, spirulina held the greatest market share in the type sector and was responsible for nearly 62% of worldwide market revenue.

Which application of algal protein is sought to be more popular in 2023?

In 2022, dietary supplements accounted for almost 48.3% of total sales.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033
        5.3.1. Powder
        5.3.2. Liquid
    5.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Source, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Source, 2023 to 2033
        6.3.1. Marine Algae
        6.3.2. Fresh Water Algae
    6.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2018 to 2022
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2023 to 2033
        7.3.1. Spirulina
        7.3.2. Chlorella
    7.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
    7.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    8.1. Introduction / Key Findings
    8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
    8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
        8.3.1. Dietary Supplements
        8.3.2. Food & Beverage
        8.3.3. Animal Feed
        8.3.4. Cosmetics
        8.3.5. Others
    8.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
    8.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    9.1. Introduction
    9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
    9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
        9.3.1. North America
        9.3.2. Latin America
        9.3.3. Western Europe
        9.3.4. Eastern Europe
        9.3.5. South Asia and Pacific
        9.3.6. East Asia
        9.3.7. Middle East and Africa
    9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. USA
            10.2.1.2. Canada
        10.2.2. By Form
        10.2.3. By Source
        10.2.4. By Type
        10.2.5. By Application
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Form
        10.3.3. By Source
        10.3.4. By Type
        10.3.5. By Application
    10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Brazil
            11.2.1.2. Mexico
            11.2.1.3. Rest of Latin America
        11.2.2. By Form
        11.2.3. By Source
        11.2.4. By Type
        11.2.5. By Application
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Form
        11.3.3. By Source
        11.3.4. By Type
        11.3.5. By Application
    11.4. Key Takeaways
12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. Germany
            12.2.1.2. UK
            12.2.1.3. France
            12.2.1.4. Spain
            12.2.1.5. Italy
            12.2.1.6. Rest of Western Europe
        12.2.2. By Form
        12.2.3. By Source
        12.2.4. By Type
        12.2.5. By Application
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Form
        12.3.3. By Source
        12.3.4. By Type
        12.3.5. By Application
    12.4. Key Takeaways
13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. Poland
            13.2.1.2. Russia
            13.2.1.3. Czech Republic
            13.2.1.4. Romania
            13.2.1.5. Rest of Eastern Europe
        13.2.2. By Form
        13.2.3. By Source
        13.2.4. By Type
        13.2.5. By Application
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Form
        13.3.3. By Source
        13.3.4. By Type
        13.3.5. By Application
    13.4. Key Takeaways
14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. India
            14.2.1.2. Bangladesh
            14.2.1.3. Australia
            14.2.1.4. New Zealand
            14.2.1.5. Rest of South Asia and Pacific
        14.2.2. By Form
        14.2.3. By Source
        14.2.4. By Type
        14.2.5. By Application
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Form
        14.3.3. By Source
        14.3.4. By Type
        14.3.5. By Application
    14.4. Key Takeaways
15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
            15.2.1.1. China
            15.2.1.2. Japan
            15.2.1.3. South Korea
        15.2.2. By Form
        15.2.3. By Source
        15.2.4. By Type
        15.2.5. By Application
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Form
        15.3.3. By Source
        15.3.4. By Type
        15.3.5. By Application
    15.4. Key Takeaways
16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        16.2.1. By Country
            16.2.1.1. GCC Countries
            16.2.1.2. South Africa
            16.2.1.3. Israel
            16.2.1.4. Rest of MEA
        16.2.2. By Form
        16.2.3. By Source
        16.2.4. By Type
        16.2.5. By Application
    16.3. Market Attractiveness Analysis
        16.3.1. By Country
        16.3.2. By Form
        16.3.3. By Source
        16.3.4. By Type
        16.3.5. By Application
    16.4. Key Takeaways
17. Key Countries Market Analysis
    17.1. USA
        17.1.1. Pricing Analysis
        17.1.2. Market Share Analysis, 2022
            17.1.2.1. By Form
            17.1.2.2. By Source
            17.1.2.3. By Type
            17.1.2.4. By Application
    17.2. Canada
        17.2.1. Pricing Analysis
        17.2.2. Market Share Analysis, 2022
            17.2.2.1. By Form
            17.2.2.2. By Source
            17.2.2.3. By Type
            17.2.2.4. By Application
    17.3. Brazil
        17.3.1. Pricing Analysis
        17.3.2. Market Share Analysis, 2022
            17.3.2.1. By Form
            17.3.2.2. By Source
            17.3.2.3. By Type
            17.3.2.4. By Application
    17.4. Mexico
        17.4.1. Pricing Analysis
        17.4.2. Market Share Analysis, 2022
            17.4.2.1. By Form
            17.4.2.2. By Source
            17.4.2.3. By Type
            17.4.2.4. By Application
    17.5. Germany
        17.5.1. Pricing Analysis
        17.5.2. Market Share Analysis, 2022
            17.5.2.1. By Form
            17.5.2.2. By Source
            17.5.2.3. By Type
            17.5.2.4. By Application
    17.6. UK
        17.6.1. Pricing Analysis
        17.6.2. Market Share Analysis, 2022
            17.6.2.1. By Form
            17.6.2.2. By Source
            17.6.2.3. By Type
            17.6.2.4. By Application
    17.7. France
        17.7.1. Pricing Analysis
        17.7.2. Market Share Analysis, 2022
            17.7.2.1. By Form
            17.7.2.2. By Source
            17.7.2.3. By Type
            17.7.2.4. By Application
    17.8. Spain
        17.8.1. Pricing Analysis
        17.8.2. Market Share Analysis, 2022
            17.8.2.1. By Form
            17.8.2.2. By Source
            17.8.2.3. By Type
            17.8.2.4. By Application
    17.9. Italy
        17.9.1. Pricing Analysis
        17.9.2. Market Share Analysis, 2022
            17.9.2.1. By Form
            17.9.2.2. By Source
            17.9.2.3. By Type
            17.9.2.4. By Application
    17.10. Poland
        17.10.1. Pricing Analysis
        17.10.2. Market Share Analysis, 2022
            17.10.2.1. By Form
            17.10.2.2. By Source
            17.10.2.3. By Type
            17.10.2.4. By Application
    17.11. Russia
        17.11.1. Pricing Analysis
        17.11.2. Market Share Analysis, 2022
            17.11.2.1. By Form
            17.11.2.2. By Source
            17.11.2.3. By Type
            17.11.2.4. By Application
    17.12. Czech Republic
        17.12.1. Pricing Analysis
        17.12.2. Market Share Analysis, 2022
            17.12.2.1. By Form
            17.12.2.2. By Source
            17.12.2.3. By Type
            17.12.2.4. By Application
    17.13. Romania
        17.13.1. Pricing Analysis
        17.13.2. Market Share Analysis, 2022
            17.13.2.1. By Form
            17.13.2.2. By Source
            17.13.2.3. By Type
            17.13.2.4. By Application
    17.14. India
        17.14.1. Pricing Analysis
        17.14.2. Market Share Analysis, 2022
            17.14.2.1. By Form
            17.14.2.2. By Source
            17.14.2.3. By Type
            17.14.2.4. By Application
    17.15. Bangladesh
        17.15.1. Pricing Analysis
        17.15.2. Market Share Analysis, 2022
            17.15.2.1. By Form
            17.15.2.2. By Source
            17.15.2.3. By Type
            17.15.2.4. By Application
    17.16. Australia
        17.16.1. Pricing Analysis
        17.16.2. Market Share Analysis, 2022
            17.16.2.1. By Form
            17.16.2.2. By Source
            17.16.2.3. By Type
            17.16.2.4. By Application
    17.17. New Zealand
        17.17.1. Pricing Analysis
        17.17.2. Market Share Analysis, 2022
            17.17.2.1. By Form
            17.17.2.2. By Source
            17.17.2.3. By Type
            17.17.2.4. By Application
    17.18. China
        17.18.1. Pricing Analysis
        17.18.2. Market Share Analysis, 2022
            17.18.2.1. By Form
            17.18.2.2. By Source
            17.18.2.3. By Type
            17.18.2.4. By Application
    17.19. Japan
        17.19.1. Pricing Analysis
        17.19.2. Market Share Analysis, 2022
            17.19.2.1. By Form
            17.19.2.2. By Source
            17.19.2.3. By Type
            17.19.2.4. By Application
    17.20. South Korea
        17.20.1. Pricing Analysis
        17.20.2. Market Share Analysis, 2022
            17.20.2.1. By Form
            17.20.2.2. By Source
            17.20.2.3. By Type
            17.20.2.4. By Application
    17.21. GCC Countries
        17.21.1. Pricing Analysis
        17.21.2. Market Share Analysis, 2022
            17.21.2.1. By Form
            17.21.2.2. By Source
            17.21.2.3. By Type
            17.21.2.4. By Application
    17.22. South Africa
        17.22.1. Pricing Analysis
        17.22.2. Market Share Analysis, 2022
            17.22.2.1. By Form
            17.22.2.2. By Source
            17.22.2.3. By Type
            17.22.2.4. By Application
    17.23. Israel
        17.23.1. Pricing Analysis
        17.23.2. Market Share Analysis, 2022
            17.23.2.1. By Form
            17.23.2.2. By Source
            17.23.2.3. By Type
            17.23.2.4. By Application
18. Market Structure Analysis
    18.1. Competition Dashboard
    18.2. Competition Benchmarking
    18.3. Market Share Analysis of Top Players
        18.3.1. By Regional
        18.3.2. By Form
        18.3.3. By Source
        18.3.4. By Type
        18.3.5. By Application
19. Competition Analysis
    19.1. Competition Deep Dive
        19.1.1. Far East Microalgae Industries, Co., Ltd.
            19.1.1.1. Overview
            19.1.1.2. Product Portfolio
            19.1.1.3. Profitability by Market Segments
            19.1.1.4. Sales Footprint
            19.1.1.5. Strategy Overview
                19.1.1.5.1. Marketing Strategy
                19.1.1.5.2. Product Strategy
                19.1.1.5.3. Channel Strategy
        19.1.2. Bio-engineering Co., Ltd.
            19.1.2.1. Overview
            19.1.2.2. Product Portfolio
            19.1.2.3. Profitability by Market Segments
            19.1.2.4. Sales Footprint
            19.1.2.5. Strategy Overview
                19.1.2.5.1. Marketing Strategy
                19.1.2.5.2. Product Strategy
                19.1.2.5.3. Channel Strategy
        19.1.3. Tianjin Norland Biotech Co., Ltd.
            19.1.3.1. Overview
            19.1.3.2. Product Portfolio
            19.1.3.3. Profitability by Market Segments
            19.1.3.4. Sales Footprint
            19.1.3.5. Strategy Overview
                19.1.3.5.1. Marketing Strategy
                19.1.3.5.2. Product Strategy
                19.1.3.5.3. Channel Strategy
        19.1.4. NB Laboratories
            19.1.4.1. Overview
            19.1.4.2. Product Portfolio
            19.1.4.3. Profitability by Market Segments
            19.1.4.4. Sales Footprint
            19.1.4.5. Strategy Overview
                19.1.4.5.1. Marketing Strategy
                19.1.4.5.2. Product Strategy
                19.1.4.5.3. Channel Strategy
        19.1.5. Cyanotech Corporation, C.B.N.
            19.1.5.1. Overview
            19.1.5.2. Product Portfolio
            19.1.5.3. Profitability by Market Segments
            19.1.5.4. Sales Footprint
            19.1.5.5. Strategy Overview
                19.1.5.5.1. Marketing Strategy
                19.1.5.5.2. Product Strategy
                19.1.5.5.3. Channel Strategy
        19.1.6. Gong Bih Enterprise Co., Ltd.
            19.1.6.1. Overview
            19.1.6.2. Product Portfolio
            19.1.6.3. Profitability by Market Segments
            19.1.6.4. Sales Footprint
            19.1.6.5. Strategy Overview
                19.1.6.5.1. Marketing Strategy
                19.1.6.5.2. Product Strategy
                19.1.6.5.3. Channel Strategy
        19.1.7. Taiwan Chlorella Manufacturing Company Ltd
            19.1.7.1. Overview
            19.1.7.2. Product Portfolio
            19.1.7.3. Profitability by Market Segments
            19.1.7.4. Sales Footprint
            19.1.7.5. Strategy Overview
                19.1.7.5.1. Marketing Strategy
                19.1.7.5.2. Product Strategy
                19.1.7.5.3. Channel Strategy
        19.1.8. Algenol Biotech
            19.1.8.1. Overview
            19.1.8.2. Product Portfolio
            19.1.8.3. Profitability by Market Segments
            19.1.8.4. Sales Footprint
            19.1.8.5. Strategy Overview
                19.1.8.5.1. Marketing Strategy
                19.1.8.5.2. Product Strategy
                19.1.8.5.3. Channel Strategy
        19.1.9. Fuqing King Dnarmsa Spirulina Co., Ltd.
            19.1.9.1. Overview
            19.1.9.2. Product Portfolio
            19.1.9.3. Profitability by Market Segments
            19.1.9.4. Sales Footprint
            19.1.9.5. Strategy Overview
                19.1.9.5.1. Marketing Strategy
                19.1.9.5.2. Product Strategy
                19.1.9.5.3. Channel Strategy
        19.1.10. Sun Chlorella Corporation.
            19.1.10.1. Overview
            19.1.10.2. Product Portfolio
            19.1.10.3. Profitability by Market Segments
            19.1.10.4. Sales Footprint
            19.1.10.5. Strategy Overview
                19.1.10.5.1. Marketing Strategy
                19.1.10.5.2. Product Strategy
                19.1.10.5.3. Channel Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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