Algae Protein Market Share & Trends, Growth and Forecast 2032

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Algae Protein Market Size to Cross USD 1.3 Bn by
2032
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Overview of Algae Protein Market

• The algae protein market is predicted to be reach
  USD 1.3 billion by 2032, as reported in a
  research study by Global Market Insights Inc.
• A surge in the consumption of protein supplements
  in developing economies of Asia Pacific will
  offer lucrative business prospects for the algae
  protein market. Over the last few years, the
  sports nutrition sector in India has experienced
  significant growth driven by the growing sports
  culture in the country. Due to the increasing
  number of athletes, and bodybuilders along with a
  robust sports infrastructure, health supplements,
  and energy drinks sales have escalated rapidly.
  Additionally, the pandemic has catalyzed the
  demand for nutraceuticals and functional foods
  all across the globe, resulting in substantial
  opportunities for algae protein manufacturers.
• Algae protein market valuation from seaweed
  source segment is expected to surpass USD 460
  million by the end of 2032. The increasing
  popularity of seaweed in western countries can be
  attributed to the myriad of health benefits
  offered by marine algae and its predominant use
  in Asian cuisine. For instance, a group of
  researchers from the University of Connecticut
  (UConn) Connecticut Sea Grant is leveraging RD
  and community outreach to improve the
  accessibility profitability of seaweed in the
  U.S. Marine algae such as seaweed are rich in
  iodine, which is a crucial mineral that helps
  regulate and improve thyroid function.

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• Algae protein market size from capsules is set to
  grow at 5.5 CAGR between 2023-2032. Growing
  health awareness and rising prevalence of
  infectious diseases will accelerate the need for
  health supplements to boost the immune system.
  The emergence of COVID-19 alone expedited the
  sale of dietary supplements due to growing
  concerns associated with the spread of infection.
  Innovation and development of novel plant-based
  protein supplements are expected to pave the way
  for segment demand.
• Cosmetics applications segment is estimated to
  exceed USD 160 million by 2032. The booming
  personal care and cosmetics sector will boost the
  use of algae protein in beauty products. Rising
  disposable income, growing demand for luxury
  cosmetics, and increasing beauty awareness are
  fostering new trends in the beauty sector such as
  vegan cosmetics and organic skincare. In recent
  years, cosmetics companies have ramped up the use
  of a wide variety of algal species, particularly
  brown kelp, red green seaweed, and spirulina
  due to their anti-aging properties. A high
  concentration of antioxidants ensures effective
  combat against free radicals, preventing faster
  aging.

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• Europe algae protein market is expected to reach
  USD 320 million by 2032. A solid footprint of
  end-user industries such as food beverage,
  cosmetics, and animal feed will propel the demand
  for algae protein in the region. Burgeoning
  population growth has emphasized on the need for
  large-scale production of food and food
  alternatives. Several EU bodies are encouraging
  the production of microalgae to address the
  growing concerns associated with food shortage.
• Notable participants in the Algae Protein market
  include Heliae Development LLC, Fuqing King
  Dnarmsa Spirulina Co., Ltd, Far East Bio-Tec Co.,
  Ltd. (FEBICO), Roquette Klötze GmbH Co. KG,
  Nutrex Hawaii Inc, Prolgae Spirulina Supplies
  Pvt. Ltd, Cyanotech Corporation, Yunnan Green A
  Biological Project Co., Ltd, ENERGYbits Inc.,
  Veramaris, Euglena Co Ltd, Bliss Lifesciences
  LLP, AlgalR NutraPharms Pvt Ltd

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Browse Full Research Report On Algae Protein
Market _at_ https//bit.ly/42cYT2U Request for a
sample of this research report _at_
https//bit.ly/3MI1KLN
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