Asia Pacific Algae Protein Market Size, Share & Industry Trends Analysis Report By Type (Microalgae and Macroalgae), By Source (Freshwater and Marine), By Application (Dietary Supplements, Animal Feed, Pharmaceuticals, Human Food), By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Algae Protein Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).

Proteins derived from algae are utilized in human nutrition, animal feed, and aquaculture. As protein is a vital component of the human diet, algae can be a dependable supply of protein for those, such as athletes, who require greater than normal protein consumption. It can be a suitable substitute for those who cannot consume dairy products or eggs. As a rich source of amino acids, seaweed and microalgae are a wonderful supplement to any balanced diet.

For centuries, macroalgae have been employed in Asian cuisine and by other indigenous tribes. Both macroalgae and microalgae are currently accessible in pill and powder form and have been added to bread, beverages, and candies. In addition to being used for animal feed, microalgae are essential for the reproduction of some aquaculture species, such as mollusks.

In addition to providing a food supply, they may maintain pH levels, eliminate bacteria, and boost the probability of reproduction. This leads to significantly greater survival rates than diets created by humans. There are further industrial applications for algal protein sources, such as the extraction of lectins and phycobiliproteins. Algae are also utilized to produce biofuel, however, it is too expensive to be commercially viable at this moment. It has several advantages over petroleum fuel, including minimal land usage and high oil content.

The Indian medicines sector plays a significant part in the global pharmaceuticals market. India is third globally in terms of output by volume and fourteenth by value. The nation is the world's largest provider of generic medications, accounting for 20% of worldwide supply by volume, and the world's top maker of vaccines. India is home to more than 3,000 pharma businesses with a robust network of over 10,500 production sites and a highly qualified talent pool.

The China market dominated the Asia Pacific Algae Protein Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $767.8 million by 2028.The Japan market is estimated to grow a CAGR of 7% during (2022 - 2028). Additionally, The India market would display a CAGR of 8.4% during (2022 - 2028).

Based on Type, the market is segmented into Microalgae and Macroalgae. Based on Microalgae Type, the market is segmented into Spirulina, Chlorella and Others. Based on Source, the market is segmented into Freshwater and Marine. Based on Application, the market is segmented into Dietary Supplements, Animal Feed, Pharmaceuticals, Human Food and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Algae Protein Market is Projected to reach USD 4.4 Billion by 2028, at a CAGR of 8.1%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cyanotech Corporation, E.I.D. Parry Limited (Murugappa Group), Rainbow Light Nutritional Systems, LLC (The Clorox Company), Corbion N.V., DIC Corporation, NOW Foods, Inc., ENERGYbits, Inc., Vimergy LLC, and Far East Microalgae Industries, Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Microalgae
  • Spirulina
  • Chlorella
  • Others
• Macroalgae

By Source

• Freshwater
• Marine

By Application

• Dietary Supplements
• Animal Feed
• Pharmaceuticals
• Human Food
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Cyanotech Corporation
• E.I.D. Parry Limited (Murugappa Group)
• Rainbow Light Nutritional Systems, LLC (The Clorox Company)
• Corbion N.V.
• DIC Corporation
• NOW Foods, Inc.
• ENERGYbits, Inc.
• Vimergy LLC
• Far East Microalgae Industries, Co., Ltd

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Algae Protein Market, by Type
1.4.2 Asia Pacific Algae Protein Market, by Source
1.4.3 Asia Pacific Algae Protein Market, by Application
1.4.4 Asia Pacific Algae Protein Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Asia Pacific Algae Protein Market by Type
3.1 Asia Pacific Microalgae Market by Country
3.2 Asia Pacific Algae Protein Market by Microalgae Type
3.2.1 Asia Pacific Spirulina Market by Country
3.2.2 Asia Pacific Chlorella Market by Country
3.2.3 Asia Pacific Others Market by Country
3.3 Asia Pacific Macroalgae Market by Country

Chapter 4. Asia Pacific Algae Protein Market by Source
4.1 Asia Pacific Freshwater Market by Country
4.2 Asia Pacific Marine Market by Country

Chapter 5. Asia Pacific Algae Protein Market by Application
5.1 Asia Pacific Dietary Supplements Market by Country
5.2 Asia Pacific Animal Feed Market by Country
5.3 Asia Pacific Pharmaceuticals Market by Country
5.4 Asia Pacific Human Food Market by Country
5.5 Asia Pacific Other Application Market by Country

Chapter 6. Asia Pacific Algae Protein Market by Country
6.1 China Algae Protein Market
6.1.1 China Algae Protein Market by Type
6.1.1.1 China Algae Protein Market by Microalgae Type
6.1.2 China Algae Protein Market by Source
6.1.3 China Algae Protein Market by Application
6.2 Japan Algae Protein Market
6.2.1 Japan Algae Protein Market by Type
6.2.1.1 Japan Algae Protein Market by Microalgae Type
6.2.2 Japan Algae Protein Market by Source
6.2.3 Japan Algae Protein Market by Application
6.3 India Algae Protein Market
6.3.1 India Algae Protein Market by Type
6.3.1.1 India Algae Protein Market by Microalgae Type
6.3.2 India Algae Protein Market by Source
6.3.3 India Algae Protein Market by Application
6.4 South Korea Algae Protein Market
6.4.1 South Korea Algae Protein Market by Type
6.4.1.1 South Korea Algae Protein Market by Microalgae Type
6.4.2 South Korea Algae Protein Market by Source
6.4.3 South Korea Algae Protein Market by Application
6.5 Singapore Algae Protein Market
6.5.1 Singapore Algae Protein Market by Type
6.5.1.1 Singapore Algae Protein Market by Microalgae Type
6.5.2 Singapore Algae Protein Market by Source
6.5.3 Singapore Algae Protein Market by Application
6.6 Malaysia Algae Protein Market
6.6.1 Malaysia Algae Protein Market by Type
6.6.1.1 Malaysia Algae Protein Market by Microalgae Type
6.6.2 Malaysia Algae Protein Market by Source
6.6.3 Malaysia Algae Protein Market by Application
6.7 Rest of Asia Pacific Algae Protein Market
6.7.1 Rest of Asia Pacific Algae Protein Market by Type
6.7.1.1 Rest of Asia Pacific Algae Protein Market by Microalgae Type
6.7.2 Rest of Asia Pacific Algae Protein Market by Source
6.7.3 Rest of Asia Pacific Algae Protein Market by Application

Chapter 7. Company Profiles
7.1 Cyanotech Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 E.I.D. Parry Limited (Murugappa Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisitions, Joint Ventures and Mergers:
7.3 Rainbow Light Nutritional Systems, LLC (The Clorox Company)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Corbion N.V.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations & Agreements:
7.5 DIC Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 NOW Foods, Inc.
7.6.1 Company Overview
7.7 ENERGYbits, Inc.
7.7.1 Company Overview
7.8 Vimergy LLC
7.8.1 Company Overview
7.9 Far East Microalgae Industries, Co., Ltd
7.9.1 Company Overview

TABLE 1 Asia Pacific Algae Protein Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Algae Protein Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Microalgae Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Microalgae Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Spirulina Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Spirulina Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Chlorella Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Chlorella Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Macroalgae Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Macroalgae Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Freshwater Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Freshwater Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Marine Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Marine Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Dietary Supplements Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Dietary Supplements Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Animal Feed Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Animal Feed Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Pharmaceuticals Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Pharmaceuticals Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Human Food Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Human Food Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Other Application Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Other Application Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Algae Protein Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Algae Protein Market by Country, 2022 - 2028, USD Million
TABLE 37 China Algae Protein Market, 2018 - 2021, USD Million
TABLE 38 China Algae Protein Market, 2022 - 2028, USD Million
TABLE 39 China Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 40 China Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 41 China Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 42 China Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 43 China Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 44 China Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 45 China Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 46 China Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 47 Japan Algae Protein Market, 2018 - 2021, USD Million
TABLE 48 Japan Algae Protein Market, 2022 - 2028, USD Million
TABLE 49 Japan Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 50 Japan Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 51 Japan Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 52 Japan Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 53 Japan Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 54 Japan Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 55 Japan Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 56 Japan Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 57 India Algae Protein Market, 2018 - 2021, USD Million
TABLE 58 India Algae Protein Market, 2022 - 2028, USD Million
TABLE 59 India Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 60 India Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 61 India Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 62 India Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 63 India Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 64 India Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 65 India Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 66 India Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 67 South Korea Algae Protein Market, 2018 - 2021, USD Million
TABLE 68 South Korea Algae Protein Market, 2022 - 2028, USD Million
TABLE 69 South Korea Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 70 South Korea Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 71 South Korea Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 72 South Korea Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 73 South Korea Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 74 South Korea Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 75 South Korea Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 76 South Korea Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 77 Singapore Algae Protein Market, 2018 - 2021, USD Million
TABLE 78 Singapore Algae Protein Market, 2022 - 2028, USD Million
TABLE 79 Singapore Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 80 Singapore Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 81 Singapore Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 82 Singapore Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 83 Singapore Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 84 Singapore Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 85 Singapore Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 86 Singapore Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 87 Malaysia Algae Protein Market, 2018 - 2021, USD Million
TABLE 88 Malaysia Algae Protein Market, 2022 - 2028, USD Million
TABLE 89 Malaysia Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 90 Malaysia Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 91 Malaysia Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 92 Malaysia Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 93 Malaysia Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 94 Malaysia Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 95 Malaysia Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 96 Malaysia Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Algae Protein Market, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Algae Protein Market, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 107 Key Information – Cyanotech Corporation
TABLE 108 Key Information – E.I.D. Parry Limited
TABLE 109 Key Information – RAINBOW Light Nutritional Systems, LLC
TABLE 110 Key Information – Corbion N.V.
TABLE 111 Key Information – DIC Corporation
TABLE 112 Key Information – NOW Foods, Inc.
TABLE 113 Key Information – ENERGYbits, Inc.
TABLE 114 Key Information – VIMERGY LLC
TABLE 115 Key Information – Far East Microalgae Industries, Co., Ltd

List of Figures
FIG 1 Methodology for the research