The North America Algae Protein Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
There are several advantages to employing algal proteins as innovative animal feed proteins. They are a sustainable solution that provides several health and environmental benefits. Due to the high protein content of both microalgae and macroalgae, this is an excellent dietary supplement for both animals and humans. As their availability increases, the market for algae-based proteins will only continue to grow in the future.
Using conventional solvent and/or enzymatic procedures, algal proteins may be extracted from algae in a straightforward manner and with a reasonable yield. Algae are dissolved in alkali under reductive circumstances in conventional procedures. The separation of soluble protein from carbohydrates is then facilitated by acidic precipitation at low pH.
Large levels of cell wall mucilage inhibit the extraction of algal proteins using conventional techniques; ionic or neutral polysaccharides can also reduce the effectiveness of protein extraction and purification. The breakage or restriction of links between polysaccharides and proteins appears to be a role in enhancing the extraction.
The National Oceanic and Atmospheric Administration of the United States Department of Commerce asserts that seaweed production is the fastest-growing aquaculture in the United States. According to the organization's records, Alaska produced over 112,000 pounds of ribbon, sugar, and bull kelp in 2019. Additionally, its output has expanded by 200 percent since 2017. In addition, Southeast Alaska is home to the biggest kelp farm in North America.
The US market dominated the North America Algae Protein Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $563.7 million by 2028.The Canada market is poised to grow at a CAGR of 10.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Algae Protein Market is Estimated to reach $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
By Application
- Dietary Supplements
- Animal Feed
- Pharmaceuticals
- Human Food
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
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 North America Algae Protein Market, by Type
1.4.2 North America Algae Protein Market, by Source
1.4.3 North America Algae Protein Market, by Application
1.4.4 North America 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. North America Algae Protein Market by Type
3.1 North America Microalgae Market by Country
3.2 North America Algae Protein Market by Microalgae Type
3.2.1 North America Spirulina Market by Country
3.2.2 North America Chlorella Market by Country
3.2.3 North America Others Market by Country
3.3 North America Macroalgae Market by Country
Chapter 4. North America Algae Protein Market by Source
4.1 North America Freshwater Market by Country
4.2 North America Marine Market by Country
Chapter 5. North America Algae Protein Market by Application
5.1 North America Dietary Supplements Market by Country
5.2 North America Animal Feed Market by Country
5.3 North America Pharmaceuticals Market by Country
5.4 North America Human Food Market by Country
5.5 North America Other Application Market by Country
Chapter 6. North America Algae Protein Market by Country
6.1 US Algae Protein Market
6.1.1 US Algae Protein Market by Type
6.1.1.1 US Algae Protein Market by Microalgae Type
6.1.2 US Algae Protein Market by Source
6.1.3 US Algae Protein Market by Application
6.2 Canada Algae Protein Market
6.2.1 Canada Algae Protein Market by Type
6.2.1.1 Canada Algae Protein Market by Microalgae Type
6.2.2 Canada Algae Protein Market by Source
6.2.3 Canada Algae Protein Market by Application
6.3 Mexico Algae Protein Market
6.3.1 Mexico Algae Protein Market by Type
6.3.1.1 Mexico Algae Protein Market by Microalgae Type
6.3.2 Mexico Algae Protein Market by Source
6.3.3 Mexico Algae Protein Market by Application
6.4 Rest of North America Algae Protein Market
6.4.1 Rest of North America Algae Protein Market by Type
6.4.1.1 Rest of North America Algae Protein Market by Microalgae Type
6.4.2 Rest of North America Algae Protein Market by Source
6.4.3 Rest of North America 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 North America Algae Protein Market, 2018 - 2021, USD Million
TABLE 2 North America Algae Protein Market, 2022 - 2028, USD Million
TABLE 3 North America Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Microalgae Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Microalgae Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 8 North America Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 9 North America Spirulina Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Spirulina Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Chlorella Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Chlorella Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Macroalgae Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Macroalgae Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 18 North America Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 19 North America Freshwater Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Freshwater Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Marine Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Marine Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 24 North America Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 25 North America Dietary Supplements Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Dietary Supplements Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Animal Feed Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Animal Feed Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Pharmaceuticals Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Pharmaceuticals Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Human Food Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Human Food Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Other Application Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Other Application Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Algae Protein Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Algae Protein Market by Country, 2022 - 2028, USD Million
TABLE 37 US Algae Protein Market, 2018 - 2021, USD Million
TABLE 38 US Algae Protein Market, 2022 - 2028, USD Million
TABLE 39 US Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 40 US Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 41 US Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 42 US Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 43 US Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 44 US Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 45 US Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 46 US Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 47 Canada Algae Protein Market, 2018 - 2021, USD Million
TABLE 48 Canada Algae Protein Market, 2022 - 2028, USD Million
TABLE 49 Canada Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 50 Canada Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 51 Canada Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 52 Canada Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 53 Canada Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 54 Canada Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 55 Canada Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 56 Canada Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 57 Mexico Algae Protein Market, 2018 - 2021, USD Million
TABLE 58 Mexico Algae Protein Market, 2022 - 2028, USD Million
TABLE 59 Mexico Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 60 Mexico Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 61 Mexico Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 62 Mexico Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 63 Mexico Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 64 Mexico Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 65 Mexico Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 66 Mexico Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 67 Rest of North America Algae Protein Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Algae Protein Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Algae Protein Market by Type, 2018 - 2021, USD Million
TABLE 70 Rest of North America Algae Protein Market by Type, 2022 - 2028, USD Million
TABLE 71 Rest of North America Algae Protein Market by Microalgae Type, 2018 - 2021, USD Million
TABLE 72 Rest of North America Algae Protein Market by Microalgae Type, 2022 - 2028, USD Million
TABLE 73 Rest of North America Algae Protein Market by Source, 2018 - 2021, USD Million
TABLE 74 Rest of North America Algae Protein Market by Source, 2022 - 2028, USD Million
TABLE 75 Rest of North America Algae Protein Market by Application, 2018 - 2021, USD Million
TABLE 76 Rest of North America Algae Protein Market by Application, 2022 - 2028, USD Million
TABLE 77 Key Information – Cyanotech Corporation
TABLE 78 Key Information – E.I.D. Parry Limited
TABLE 79 Key Information – RAINBOW Light Nutritional Systems, LLC
TABLE 80 Key Information – Corbion N.V.
TABLE 81 Key Information – DIC Corporation
TABLE 82 Key Information – NOW Foods, Inc.
TABLE 83 Key Information – ENERGYbits, Inc.
TABLE 84 Key Information – VIMERGY LLC
TABLE 85 Key Information – Far East Microalgae Industries, Co., Ltd
List of Figures
FIG 1 Methodology for the research