Chlorella Market Size was valued at USD 0.3 billion in 2022. The chlorella market industry is projected to grow from USD 0.32 Billion in 2023 to USD 0.52 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.4% during the forecast period (2023 - 2030). The development of chlorella food and beverage products, rising health and wellness trends, a booming nutraceutical industry, and rising vegetarianism are the key market drivers boosting the Chlorella Market share.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Chlorella Market Trends
The consumer adoption of algae-based ingredients, such as chlorella, has increased, leading to an increase in the consumption of nutritional products that are high in protein and offer health and wellness benefits. Besides, the increased demand for chlorella ingredients for functional food items is expected to drive the global market. As a medication, chlorella components are used to lessen the side effects associated with radiation therapy, enhance flu vaccine interactions, boost the immune system, stop colds, increase the production of white blood cells, and slow the aging process.
It also improves wound healing, lowers blood pressure and cholesterol levels, manages respiratory conditions, supports liver and eye health, and boosts the immune system. People with fibromyalgia, hypertension or ulcerative colitis can benefit from chlorella. Chlorella serves as the ingredient that gives cosmetics their pigment. These factors have contributed to the Chlorella Market CAGR. The growing demand for natural ingredients has prompted food manufacturers to investigate natural ingredients, which is expected to increase the use of chlorella in various food categories in the coming years. The higher global consumption of exceptionally functional beverages is the main factor for chlorella market revenue growth.
Chlorella Market Segment Insights
Chlorella Type Insights
Based on type, the Chlorella Market segmentation includes chlorella vulgaris, chlorella pyrenoidosa or sorokiniana, and others. The chlorella pyrenoidosa or sorokiniana segment held the majority share in 2022, contributing to around ~65-67% of the Chlorella Market revenue. The primary drivers of this segment's growth are the ability to overgrow, higher concentrations of some vitamins and amino acids, such as choline, and higher protein content. Besides, chlorella pyrenoidosa or sorokiniana can help with immune support through natural detoxification. The high nutritional content of the various species of chlorella pyrenoidosa has led to their inclusion in a variety of functional foods and beverages. Moreover, the widespread global use of chlorella sorokiniana powder in chlorella tablets, extracts, capsules, instant noodles, pastries, dumplings, beverages, ice cream, and dietary supplements is increasing the chlorella market demand.
Chlorella Application Insights
Applications have bifurcated the Chlorella Market data into functional food & beverages, nutraceuticals & pharmaceuticals, personal care, and animal feed. The food & beverages segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period 2022-2030. Population growth, rising disposable income, increased chlorella use in the food industry, and rapid urbanization contributes to the segment market's expansion. The dietary supplement sector is expected to proliferate during the forecast period due to increased vegan diet awareness, increased demand for vegan protein consumption, and various health benefits from chlorella consumption. Increasing global demand for nutritious foods will lead to an expansion of the chlorella industry in the upcoming years.
Figure 1: Chlorella Market, by Application, 2022 & 2030 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Further, the nutraceuticals & pharmaceuticals segment of the global chlorella industry is expected to grow at a faster market CAGR during the forecast period. The large share of this segment can be attributed to chlorella's properties and benefits as an ideal health product that regulates immune effects and balances the body. Besides, growing consumer interest in 'healthy food' or nutrient-dense foods drives chlorella demand in the nutraceutical sector.
Chlorella Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific Chlorella market accounted for USD 0.13 billion in 2022 and will likely exhibit significant CAGR growth over the study period. Asia Pacific's dominance in the global chlorella industry is primarily due to increasing demand for chlorella in lotions, moisturizers, powders, and other personal care items; technological and scientific advancements in the field of micro-algae research for different health foods and dietary supplements; and rising consumer awareness for natural food products. In Asia Pacific, demand for chlorella products is expected to increase due to the region's rapid development and rising incidence of skin-related issues.
Further, the major countries studied in the global market report are the U.S., Germany, Canada, France, the UK, Spain, Italy, Japan, India, Australia, China, South Korea, and Brazil.
Figure2: CHLORELLA MARKET SHARE BY REGION 2022 (%)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
The North American chlorella market has the second-largest market share, owing to the rising consumption of healthy food products that include more chlorella ingredients. Moreover, rising advancements in the food and beverage sector and rising veganism among the population propel the chlorella ingredients market forward. Further, the U.S. chlorella market held the largest market share, and the Canadian chlorella market was the fastest-growing market in the North American region.
The European Chlorella Market is expected to grow at the fastest CAGR from 2022 to 2030, owing to rising demand for chlorella in cosmetic and personal care items, consumers willing to pay higher prices for more natural, less processed, and environmentally friendly products, and consumers' growing attraction to natural food products. The desire for a healthy lifestyle, shifting food consumption habits in favor of functional foods, higher disposable income, and an increase in chronic diseases due to the region's aging population all contribute to the demand for chlorella. Moreover, the U.K. chlorella market held the largest market share, and the German chlorella market was the fastest-growing market in the European region.
Chlorella Key Market Players & Competitive Insights
Major market players invest much money in R&D to expand their product offerings, which will prompt further growth in the chlorella sector. With significant market developments like new product launches, capacity expansion, contractual arrangements, acquisitions & mergers, increased technological investments, and partnerships with other organizations, market participants are also undertaking various strategic initiatives to increase their global footprint. Competitors in the chlorella industry must provide cost-effective ingredients to expand and sustain in a highly competitive and increasingly global market environment.
In recent years, the chlorella industry has provided ingredients with some of the most substantial health benefits. Manufacturing ingredients locally to cut operating costs is one of the vital business strategies producers use in the global chlorella industry to benefit customers and expand the market sector. The Chlorella Market major players such as Sure Chemical Co. Ltd, Aurora, Duplaco, STAUBER Performance Ingredients, and others are investing actively in research and development to increase market demand.
Good Spoon makes gourmet plant-based condiments as a vegetable alternative to traditional mayonnaise. The company's condiments include eggless and vegan mayonnaise, with microalgae as its primary protein source, in flavors such as plain, herbs, garlic, chili, and curry, allowing people to eat healthy and environmentally friendly sauces. In October 2019, Good Spoon released a line of vegan mayos that replaced egg yolk with chlorella. With its plant-based mayonnaise substitutes, the company seeks to expand its market share in Europe. As a result of increased chlorella applications in various food products, the F&B industry is experiencing increased demand for chlorella.
Also, Algenuity provides algae-based market solutions. The company develops plant-based colors derived from microalgae strains. Its headquarters are in Bedfordshire, England. Algenuity announced the release of the Chlorella Colours platform for food manufacturing in May 2019. New colors are made possible by breed development innovations that improve performance and productivity for ingredients used in foods, beverages, supplements, and other products.
Key Companies in the chlorella market include
Chlorella Industry Developments
March 2022: The Profuture created light microalgae for the plant-based protein free of fishiness. Researchers have developed microalgae strains with improved taste.
August 2020: Unilever has announced a collaboration with biotech start-up Algenuity, which develops microalgae, to investigate using this single-cell organism as a chlorella ingredient in the food & beverage sector.
March 2020: Duplaco, a Dutch chlorella ingredient production company and microalgae wholesaler, invested heavily to boost its manufacturing capacity by 20 times. The business is modernizing with highly advanced equipment and an advanced R&D facility. Duplaco continues accelerating its transition from a start-up to a full-scale industrial center.
Chlorella Market Segmentation
Chlorella Type Outlook
Chlorella Application Outlook
Chlorella Regional Outlook
North America
Europe
Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.3 billion |
| Market Size 2023 | USD 0.32 billion |
| Market Size 2030 | USD 0.52 billion |
| Compound Annual Growth Rate (CAGR) | 8.4% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | Europe, Asia Pacific, North America, and the Rest of the World |
| Countries Covered | The U.S., Germany, Canada, the UK, Italy, France, Spain, Japan, India, Australia, China, South Korea, and Brazil |
| Key Companies Profiled | EID-Parry Limited (India), Fuqing King Dnarmsa Spirulina Co. Ltd (China), Tianjin Norland Biotech Co. Ltd (China), STAUBER Performance Ingredients (US), Sure Chemical Co. Ltd (China) |
| Key Market Opportunities | Emerging consumers’ inclination toward a protein-rich diet Rising technological advancements and R&D investments in chlorella ingredients |
| Key Market Dynamics | Growing global consumption of chlorella supplements Increased use of chlorella in the personal care industries |
Chlorella Market Highlights:
Frequently Asked Questions (FAQ) :
The Chlorella Market size was valued at USD 0.3 Billion in 2022.
The global market is projected to grow at a CAGR of 8.4% during the forecast period, 2022-2030.
Asia Pacific had the largest revenue share of the global market.
The key players in the market are EID-Parry Limited (India), Fuqing King Dnarmsa Spirulina Co. Ltd (China), Tianjin Norland Biotech Co. Ltd (China), STAUBER Performance Ingredients (US), Sure Chemical Co. Ltd (China).
The chlorella pyrenoidosa or sorokiniana category dominated the market in 2022.
Functional food & beverages had the most significant global market share.
Research Analyst Experienced business professional with a demonstrated history of working in the cfnb industry. skilled in market research, and market estimation. strong professional with a masters focused in marketing management.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
