Meticulous Research®, a leading global market research firm, has released its comprehensive report titled “Chlorella Market Size, Share, Forecast, & Trends Analysis by Cultivation Method (Autotrophic,... View MoreMeticulous Research®, a leading global market research firm, has released its comprehensive report titled “Chlorella Market Size, Share, Forecast, & Trends Analysis by Cultivation Method (Autotrophic, Heterotrophic), Product (Powder, Capsule, Tablets), Source (Chlorella Vulgaris), Application (Nutraceutical), Distribution Channel (B2B) - Global Forecast to 2031.” According to the report, the chlorella market is projected to reach $639.7 million by 2031, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031. In terms of volume, the market is expected to reach 43,810 tons by 2031, at a CAGR of 7.4% during the forecast period.
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Key Market Insights
Market Value Projections:
Revenue: $639.7 million by 2031
Volume: 43,810 tons by 2031
CAGR: 6.3% (value), 7.4% (volume) from 2024 to 2031
The growth of the chlorella market is driven by an increasing consumer inclination toward protein-rich diets, rising health and wellness trends, the development of innovative chlorella food and beverage products, the expanding nutraceutical industry, and growing vegetarianism. However, the market faces challenges such as the risk of contamination, high production costs, and the complexity of algae product manufacturing. Despite these challenges, the rising demand for chlorella extracts presents significant growth opportunities.
Competitive Landscape
The chlorella market is moderately competitive, with numerous global, regional, and local players. Key players in the market include:
Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
E.I.D. - Parry (India) Limited (India)
YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (China)
JIANGSHAN COMP SPIRULINA CO., LTD. (China)
Inner Mongolia Rejuve Biotech Co., Ltd. (China)
Bluetec Naturals CO., LTD. (China)
Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan)
Sun Chlorella Corporation (Japan)
Roquette Klötze GmbH & Co. KG (Germany)
Gong Bih Enterprise Co., Ltd. (Taiwan)
Yaeyama Shokusan Co., Ltd. (Japan)
Vedan Biotechnology Corporation (Taiwan)
AlgoSource (France)
Tianjin Norland Biotech Co., Ltd. (China)
Phycom BV (Netherlands)
Allmicroalgae Natural Products S.A. (Portugal)
Aliga Microalgae (Denmark)
TAIWAN WILSON ENTERPRISE INC. (Taiwan)
DAESANG Corporation (Korea)
Seagrass Tech Private Limited
Plankton Australia Pty Limited (Australia)
Hangzhou Ouqi Food Co., Ltd. (China)
Far East Microalgae Industries, Co., Ltd. (FEMICO) (Taiwan)
Qingdao Haizhijiao Biotechnology Co., Ltd. (China)
Pond Technologies Inc. (Canada)
Necton S.A. (Portugal)
Astaxa GmbH (Germany)
Market Segmentation and Analysis
By Cultivation Method
Autotrophic Cultivation: Open-pond and Closed-pond
Heterotrophic Cultivation
Autotrophic Cultivation: Expected to dominate with a market share of 95.4% in 2024. This dominance is due to the ease of constructing and managing open ponds, cost-effectiveness in large-scale biomass production, and sunlight exposure. Major chlorella-producing countries like Germany, Japan, China, the Czech Republic, and Taiwan boost this segment's growth.
By Product
Powder
Tablets
Chlorella Extracts
Capsules
Powder: Set to lead with a 69.9% market share in 2024. Its strong coloring ability, appeal to health-conscious consumers, and detoxifying properties contribute to its dominance. Chlorella powder's versatility in various products, including tablets, capsules, extracts, instant noodles, bakery items, beverages, ice cream, and dietary supplements, drives its market demand.
By Source
Chlorella Vulgaris
Chlorella Pyrenoidosa or Sorokiniana
Chlorella Vulgaris: Expected to hold a 53.3% market share in 2024, driven by demand for novel, naturally flavored plant-based protein ingredients and applications in the biofuel industry. Its high lipid productivity, sustainability, and immune-boosting properties enhance its market appeal.
By Application
Nutraceuticals
Food & Beverages
Animal Feed
Cosmetics
Nutraceuticals: Anticipated to dominate with a 66.5% share in 2024, fueled by chlorella's health benefits, immune-regulating properties, and consumer interest in nutrition-rich food.
By Distribution Channel
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Business-to-Business (B2B): Expected to account for 68.7% of the market share in 2024. This segment's growth is driven by bulk purchases from manufacturers in the nutraceuticals, food and beverages, and animal feed sectors.
Regional Market Insights
The report provides detailed analysis across major regions:
North America (U.S. and Canada)
Europe (Germany, U.K., France, Italy, Spain, Netherlands, Denmark, Sweden, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Middle East & Africa
Europe: Expected to lead the market with a 38.0% share in 2024, driven by high demand for natural, less processed, and environmentally friendly products. The region's market, estimated at USD 158.6 million, benefits from consumers' willingness to pay premium prices, a shift towards functional foods, high disposable incomes, and rising chronic diseases.
Key Questions Answered in the Report
What is the revenue value generated by the chlorella market?
What is the projected growth rate for global chlorella demand over the next 5-7 years?
What is the historical market size and growth rate for chlorella?
What are the key factors influencing market growth at global and regional levels?
What opportunities exist for new and existing market players?
Which segments (cultivation method, product, source, application, distribution channel) are driving major traction for manufacturers?
What are the key geographical trends in the chlorella market? Which regions/countries offer significant growth opportunities?
Who are the major players in the chlorella market, and what are their specific offerings?
What recent strategic developments have impacted the chlorella market?
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Keywords:
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Chlorella Market Worth $412.3 million by 2028
Meticulous Research®—a leading global market research company, published a research report titled ‘Chlorella Market Size, Share, Forecast, & Trends Analy... View MoreChlorella Market Worth $412.3 million by 2028
Meticulous Research®—a leading global market research company, published a research report titled ‘Chlorella Market Size, Share, Forecast, & Trends Analysis by Cultivation Method (Autotrophic, Heterotrophic), Product (Powder, Capsule, Tablets), Source (Chlorella Vulgaris), Application (Nutraceutical), Distribution Channel (B2B)- Global Forecast to 2031’.
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According to this latest publication from Meticulous Research®, the chlorella market is projected to reach $639.7 million by 2031, at a CAGR of 6.3% from 2024 to 2031. In terms of volume, this market is projected to reach 43,810 tons by 2031, at a CAGR of 7.4% during the forecast period of 2024–2031. The growth of the chlorella market is driven by the growing inclination of consumers toward a protein-rich diet, increasing health and wellness trends, the development of innovative chlorella food & beverages products, the growing nutraceutical industry, and growing vegetarianism. However, the risk of contamination, high production cost, and complex production of algae products restrain the growth of the chlorella market. The growing demand for chlorella extracts is expected to generate market growth opportunities.
Key Players
The chlorella market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the chlorella market are Fuqing King Dnarmsa Spirulina Co., Ltd. (China), E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), JIANGSHAN COMP SPIRULINA CO.,LTD (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan), Sun Chlorella Corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech Co., Ltd (China), Phycom BV (Netherlands), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), TAIWAN WILSON ENTERPRISE INC. (Taiwan), DAESANG Corporation (Korea), Seagrass Tech Private Limited, Plankton Australia Pty Limited (Australia), Hangzhou Ouqi Food Co., Ltd. (China), Far East Microalgae Industries, Co., Ltd.(FEMICO) (Taiwan), Qingdao Haizhijiao Biotechnology Co., Ltd (China), Pond Technologies Inc. (Canada), Necton S.A. (Portugal), and Astaxa GmbH (Germany).
The chlorella market is segmented by cultivation method (autotrophic cultivation {open-pond autotrophic cultivation and closed-pond autotrophic cultivation} and heterotrophic cultivation), product (powder, tablets, chlorella extracts, capsules, and other chlorella products), source (chlorella vulgaris, chlorella pyrenoidosa or sorokiniana, and other sources), application (nutraceuticals, fruits & vegetables, animal feed, cosmetics, and other applications), distribution channel (business-to-business and business-to-consumer {offline channel and online channel) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on cultivation method, the chlorella market is segmented into autotrophic cultivation and heterotrophic cultivation. In 2024, the autotrophic cultivation segment is expected to account for the larger share of 95.4% of the chlorella market. The large market share of this segment is attributed to several factors, including easy construction & management of open ponds, inexpensive methods used to deliver large-scale biomass production, and exposure of the culture to sunlight. Besides, chlorella production in open ponds by major chlorella-producing countries, such as Germany, Japan, China, the Czech Republic, and Taiwan, is expected to boost chlorella production.
Based on product, the chlorella market is segmented into powder, tablets, chlorella extracts, and capsules. In 2024, the powder segment is expected to account for the largest share of 69.9% of the chlorella market. The large market share of this segment is attributed to its strong coloring ability, the growing number of health-conscious customers, and chlorella powder's ability to get rid of heavy metal & ash content like mercury from the body. Furthermore, the large use of chlorella powder in chlorella tablets, chlorella capsules, extracts, instant noodles, dumplings, bakery, beverages, ice cream, and dietary supplements is driving its demand in the market. Also, due to powder's free flow property, it can blend easily with any product and dissolve uniformly, making it the most preferred form of chlorella for consumption.
Based on source, the chlorella market is segmented into the chlorella vulgaris, chlorella pyrenoidosa or sorokiniana, and other sources. In 2024, the chlorella vulgaris segment is expected to account for the largest share of 53.3% of the chlorella market. The large market share of this segment is attributed to the growing demand for novel and naturally flavored plant-based protein-rich ingredients and growing application in the biofuel industry. Furthermore, the various advantages over other sources, such as having high lipid productivity, devoid of seasonal changes, less water & land requirement, and greater photosynthetic efficiency, make it more sustainable. Besides, chlorella vulgaris is pegged as a healthy, natural, and sustainable superfood with immune-boosting properties, further propelling the market growth.
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Based on application, the chlorella market is segmented into nutraceuticals, food & beverages, animal feed, cosmetics, and other applications. In 2024, the nutraceuticals segment is expected to account for the largest share of 66.5% of the chlorella market. The large market share of this segment is attributed to the properties and advantages of chlorella as an ideal health product that regulates immune effects and balances the body. Also, growing curiosity among customers about ‘healthy food’ or nutrition-rich food drives chlorella's demand in the nutraceutical industry.
Based on distribution channel, the chlorella market is segmented into business-to-business (B2B) and business-to-consumer (B2C). In 2024, the business-to-business segment is expected to account for the largest share of 68.7% of the chlorella market. The large market share of this segment is attributed to the huge purchase of bulk chlorella by various manufacturers, such as nutraceuticals, food and beverages, and animal feed, among others, for further product development (finished product).
This research report analyzes major geographies and provides a comprehensive analysis of North America (the U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, Netherlands, Denmark, Sweden, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.
In 2024, Europe is expected to account for the largest share of 38.0% of the chlorella market, followed by North America and Asia-Pacific. Europe's chlorella market is estimated to be worth USD 158.6 million in 2024. The large share of this market is attributed to the rising demand for chlorella in cosmetic and personal care items, consumers willing to pay higher prices for more natural, less processed, and environment-friendly products, and growing attraction among consumers for natural food products. Additionally, the desire for a healthy life, changing food consumption patterns in favor of functional food, high disposable income, and an increase in various chronic diseases due to the rising aging population boost the demand for chlorella in the region.
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Key Questions Answered in the Report:
What is the value of revenue generated by the chlorella market?
At what rate is the global demand for chlorella projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the chlorella market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which cultivation method, product, source, application, and distribution channel segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the chlorella market?
Who are the major players in the chlorella market? What are their specific product offerings in this market?
What recent developments have taken place in the chlorella market? What impact have these strategic developments created on the market?
#Chlorella #Superfood #HealthBenefits #ChlorellaSupplements #ChlorellaPowder #Detox #NutrientRich #ChlorellaProtein #GreenSuperfood #ImmuneBoost #OrganicChlorella #ChlorellaMarket #ChlorellaGrowth #ChlorellaTrends #SustainableNutrition #AlgaeSupplements
May 20, 2024
Category: Health and 1 Other
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