Chlorella Market- Global Industry Analysis and Forecast (2022-2029)

Chlorella Market was valued at US$ 268.82 Bn. in 2021. Global Chlorella Market size is expected to grow at a CAGR of 6.3 % through the forecast period.
Chlorella Market Overview:
Chlorella is high in protein & has many nutritional and health benefits. Chlorella is a spherical chlorophyll division which belongs to the Chlorophyta family. It's a type of algae that's used as a superfood. To multiply quickly, chlorella needs carbon dioxide, water, and sunlight. Chlorella is effective against cancers, because of its antioxidant, anti-inflammatory, and antibacterial properties. It has also been proven to help manage blood pressure & cholesterol levels, hasten wound healing, boost eye health, support liver health, and improve the immune system. Chlorella can help persons with fibromyalgia, hypertension, & ulcerative colitis manage their symptoms & improve their quality of life. The rising use of Chlorella supplements among health-conscious people is due to the health benefits related with it. However, the overall market's growth is being stifled by high production costs.

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2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis especially with the impact of lockdown by region.
Chlorella Market Dynamics:
Increase Demand for vegan protein: One of the key drivers of the chlorella components market is the growing vegan population. Veganism is becoming more popular around the world as people become more aware of the different health benefits of vegan diets. Chlorella & other algae-based additives are high in protein and may provide health & wellness benefits to food products. They may, for example, increase the amount of plant protein in cheese crackers or smoothies, or improve the nutritional profile of ice cream. Chlorella, a type of microalgae, has emerged as a possible long-term protein source.

Increase penetration in developed countries: Many Asian countries include chlorella components in their cuisines, making them the centre of the sector. In addition, since the value of vegetable protein has grown, chlorella has been highlighted & commercialized. As a result, during the projected period, the market in Europe and North America is expected to grow. Because of the growing knowledge of the health benefits of chlorella consumption, the usage of chlorella in the food & pharmaceutical industries has increased. As a result, it is expected to gain a significant share of the worldwide chlorella market over the forecast period, notably in North America & Europe.

Market Challenges:

High Price of Chlorella: The high manufacturing costs associated with creating chlorella are expected to suppress market growth over the forecast period. The expense of growing chlorella grows since it requires carbonated water to develop. During the forecast period, this aspect will pose a significant obstacle to the growth of the Chlorella Ingredients Market.

Covid-19 Impact:

The chlorella market is booming, because of its vital role in the immune system. Chlorella is a healthy, natural, & long-lasting superfood that is in high demand during COVID-19. Consumers are requesting healthy meals or nutrients to enhance their immune & digestive systems throughout the epidemic. As a result, microalgae/algae has become a popular superfood throughout Europe. Chlorella is a microalga that is high in nutrients & biochemical. There is a major influence on the worldwide supply chain for functional foods & dietary supplements. This slows the sale & consumption of chlorella by its end consumers, affecting the chlorella market.

Consumer food & beverage manufacturers are facing dramatically lower consumption and disturbed supply chains. Lockdowns enacted in many countries have caused a modest drop in the food and beverage business. All of these issues combine to limit chlorella's market demand. As a result, the chlorella market's growth is hampered by the negative influence on the economy, supply chains, and trade.
Chlorella Market Segment Analysis:
Based on Type, The powder segment is predicted to occupy the greatest proportion of the chlorella market in the year 2021. The powerful colouring ability, expanding the number of health-conscious clients, & chlorella powder's capacity to remove heavy metal & ash content like mercury from the body all contribute to the segment's substantial share. Chlorella powder is also in high demand due to its widespread application in chlorella tablets, chlorella capsules, extracts, instant noodles, dumplings, pastries, drinks, ice cream, and dietary supplements. The Liquid segment is expected to grow at the fastest rate of 6.2 % for the period 2021-2026. This is due to its widespread availability and low cost. Furthermore, as the use of liquid chlorella grows in the food and beverage business, manufacturers are producing more liquid chlorella, enhancing the market for chlorella ingredients.Based on the Application, The nutraceutical market is expected to command the highest share of the overall chlorella market in the year 2021, based on application. The properties & advantages of chlorella as a desirable health product that controls immune effects and balances the body account for a large share of this market. Chlorella's consumption in the nutraceutical market is also driven by increased customer curiosity about 'good food' or nutrition-rich food. The Dietary Supplements segment is expected to grow at the fastest rate of 7.1 % during the period 2021-2026. This is primarily due to the growing popularity of sports supplements, which has increased the demand for chlorella ingredients in dietary supplements. Furthermore, chlorella dietary supplements provide a variety of health benefits, increasing consumer adoption of dietary supplements and propelling the growth of the Chlorella Ingredients Market.
Chlorella Market Regional Insights:
The Europe region dominated the market with 45 % share in the year 2021. The APAC region is expected to witness significant growth at a CAGR of 4.7% through the forecast period. In Europe Market, The rising demand for chlorella in lotions, moisturizers, powders, and other personal care items, scientific & technological advancements in the field of micro-algae research for different health foods and dietary supplements, & growing consumer awareness of natural food products are all factors contributing to Europe's dominance in the chlorella market.

In the APAC region, China & Japan are two of the most important contributors to the Asia-Pacific market's growth. The chlorella market is expanding due to the increasing growth of the personal care sector in Asia Pacific's growing economies. Manufacturers are focusing on producing products manufactured with natural elements like chlorella as a result of natural cosmetics trends. Chlorella is widely used in nutraceuticals and pharmaceuticals in the APAC region. During the forecast period, these factors are expected to boost the growth of the APAC chlorella market.

The objective of the report is to present a comprehensive analysis of the Chlorella Market to the stakeholders in the market. The past and current status of the market with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the market with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the market to the decision-makers.

The reports also help in understanding the Chlorella Market dynamic, structure by analyzing the market segments and projecting the Chlorella Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Chlorella Market make the report investor’s guide.
Chlorella Market Scope: Inquiry Before Buying



Chlorella Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 268.82 Bn.


Forecast Period 2022 to 2029 CAGR:
6.3%
Market Size in 2029:
US$ 438.26 Bn.


 Segments Covered:
by Type
• Powder
• Liquid
• Tablet
• Extract


by  Application
• Neutraceuticals
• Food & Beverages
• Animal Feed
• Cosmetics


by  Technology
• Autotrophic
• Open Pond
• Closed Pond
• Heterotrophic


by  Source
• Chlorella Vulgaris
• Chlorella Pyrenoidosa or Sorokiniana
• Others



Chlorella Market by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Chlorella Market Key Players
• Gong Bih Enterprise
• Taiwan Chlorella
• EID Parry
• Far East Bio-Tech Co. Ltd
• Yaeyama Shokusan
• Fuqing king Dnarsama
• Tianjin Norland
• Stauber Performance
• Sure Chemicals
• Green House Organics
• Flora
• Roquette
• Phycom
• Alver World SA
• Wilson Group
• Algosource
• Duplaco DV

Frequently Asked Questions:

1. Which region has the largest share in Global Chlorella Market?
Ans: Europe region holds the highest share in 2021.

2. What is the growth rate of Global Chlorella Market?
Ans: The Global Chlorella Market is growing at a CAGR of 6.3% during forecasting period 2022-2029.

3. What is scope of the Global Chlorella market report?
Ans: Global Chlorella Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Chlorella market?
Ans: The important key players in the Global Chlorella Market are – Gong Bih Enterprise, Taiwan Chlorella, EID Parry, Far East Bio-Tech Co. Ltd, Yaeyama Shokusan, Fuqing king Dnarsama, Tianjin Norland, Stauber Performance, Sure Chemicals, Green House Organics, Flora, Roquette, Phycom, Alver World SA, Wilson Group, Algosource, and Duplaco DV

5. What is the study period of this market?
Ans: The Global Chlorella Market is studied from 2021 to 2029.