Global Chlorella Market – Industry Trends and Forecast to 2029

Chlorella Market Analysis and Size

The increasing number of the vegan population across the globe, changing lifestyle of the people, rising consumption of the chlorella supplements by the health conscious people, increased demands due to its various health benefits are the main factors that are driving the market growth over the forecasted period. Moreover, the rising initiatives by the government to promote organic farming along with the rising usage of chlorella in personal care products such as skin care, haircare and others will generate lucrative growth opportunities for the chlorella market over the forecasted period.

Data Bridge Market Research analyses that the chlorella market was valued at USD 275.21 million in 2021 and is expected to reach the value of USD 448.67 million by 2029, at a CAGR of 6.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Chlorella is high in protein and has many nutritional and health benefits. Chlorella is a spherical chlorophyll division which belongs to the chlorophyta family. It consists of different active ingredients such as dietary amino acids, beta-carotene, RNA/DNA, fatty vitamins and over 20 essential vitamins and minerals. It is also used for the treatment of constipation, fibromyalgia, high cholesterol and blood sugar levels and cancer.

Global Chlorella Market Dynamics

Drivers

• Health benefits of chlorella supplements

The primary factor driving the chlorella market is rising health consciousness among people all over the world. The increased use of chlorella due to rising benefits such as improved immunity, reduced gastric ulcers, lowered blood sugar levels and increased haemoglobin content in the human beings are important factors for the growth of the market. Moreover, rise in the cultivation of chlorella due to increased demands has resulted in the growth of the chlorella market.

• Rise in uptake in the personal care industries

The increased use of chlorella among various end-users and cosmetic industries is the factor driving the market growth. Chlorella is used as an ingredient in the cosmetics added for the pigmentation and are also the rich source of chlorophyll used in the haircare, lotions and other products which is fuelling the growth of the chlorella market.

Opportunities

Health benefits increasing use pof chlorella

The increased use of chlorella due to rising benefits such as improved immunity, lowered blood sugar levels and others in the human beings are important factors for the growth of the market. Moreover, Chlorella is used as an ingredient in the cosmetics added for the pigmentation and are also the rich source of chlorophyll used in the haircare, lotions and other products. All these factors are generating certain lucrative opportunities for the chlorella market.

Additionally, the growing awareness regarding the health benefits associated with the chlorella supplements will further propel the growth of the market.

Restraints

High cost

The high cost associated with research and development activities and the availability of alternatives will act as major restraints on the growth of the chlorella market in the forecast period. The cost and the complexities related to the development of the products is further anticipated to restraint the growth of the market.

This chlorella market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chlorella market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Chlorella Market

The COVID-19 outbreak has substantially affected public health, the supply chain at all stages, and a number of businesses. The beneficial effects on the chlorella market are mostly attributable to its crucial function in the immune system. Chlorella is a superfood in demand during the COVID-19 period since it is a healthy, natural, and sustainable product. Customers are expecting nutritious ingredients or food throughout the pandemic to boost their immune and digestive systems. Due to this, microalgae and algae have become popular superfoods. The microalgae chlorella is full in vitamins and bioactive substances.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2022, the Profuture developed light microalgae for pant-based protein without fishiness. Researchers have developed microalgae strains boasting improved taste.

Global Chlorella Market Scope

The chlorella market is segmented on the basis of source, type, technology, product, distribution channel and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Chlorella Vulgaris
• Chlorella Pyrenoidosa
• Chlorella Ellipsoidea
• Other Sources

Type

• Organic
• Inorganic

Application

• Food Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Others

Technology

• Open Pods
• Closed Pods
• Autotrophic
• Heterotrophic

Product

• Powder
• Tablets
• Extracts
• Capsules
• Others

Distribution Channel

• B2B
• B2C
• Offline
• Distributors
• Retailers
• Online
• Direct-to-Consumer

Chlorella Market Regional Analysis/Insights

The chlorella market is analysed and market size insights and trends are provided by source, type, technology, product, distribution channel and application as referenced above.

The countries covered in the chlorella market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the chlorella market because of rising personal care industries along with pharmaceutical sector within the region.

North-America is expected to grow over the forecasted period from 2022 to 2029 due to the growing adoption of the dietary supplements for weight loss within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Chlorella Market Share Analysis

The chlorella market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to chlorella market.

Some of the major players operating in the chlorella market are:

• GONG BIH ENTERPRISHE CO.,LTD. (Taiwan)
• E.I.D. - Parry (India) Limited (India)
• Far East Bio-Tec Co., Ltd. (Taiwan)
• Yaeyama Shokusan Co., Ltd. (Japan)
• Fuqing King Dnarmsa Spirulina Co.,Ltd. (China)
• Tianjin Norland Biotech Co., Ltd (China)
• STAUBER Ingredients For Innovation (U.S.)
• Sure Chemical Co., Ltd. (China)
• Green Source Organics (U.S.)
• SUN CHLORELLA CORP (U.S.)
• FEMICO (Taiwan)
• Taiwan Chlorella Manufacturing Company (Taiwan)
• Yaeyama Shokusan Co., Ltd. (Japan)
• Kshipra Biotech Private Limited (India)
• Kuber Impex Ltd. (India)
• Divyagro (India)

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