What is algae protein?

Algae are a one of the simplest and abundant forms of plant life, ranging from single cell microalgae to largest seaweeds. Algae produce products like biodiesel, protein, fats, carbohydrate and other. Algae contain 10% to 50% of protein dependent upon their sizes. It is usually derived from algae with the benefit of enzymatic or solvent procedures. They are usually extracted from algae that are grown in fresh waters and marines. It is beneficial as they have the ability to improve immune system, decrease fatigue, decrease allergies and inflammation and others. They are widely used in applications such as food and beverages, dietary supplements, cosmetic and personal care and others. Algae protein is also used in the pharmaceutical and personal care businesses. In the personal care industry, skincare creams, lotions, and hair care products use chlorella as an ingredient.

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Algae Protein Market is valued at USD 722.78 Million in 2018 and expected to reach USD 1160.62 Million by 2025 with the CAGR of 7% over the forecast period.

Increasing awareness among consumers regarding algae proteins such as spirulina for its health benefits and High demand of algae products from Nutraceutical and pharmaceutical industries are driving the growth of global Algae Protein market.

Algae Protein market report is segmented on the basis of type, application and by regional & country level. Based upon type, Algae Protein market is classified into Chlorella and Spirulina. Based upon application, Algae Protein market is classified into Dietary Food, Feed Industry, Pharmaceutical Industry and Cosmetics Industry.

Algae Protein market report covers prominent players are,

The Nutrex Hawaii

Cyanotech Corporation

Heliae Development

TerraVia Holdings

others.