Chlorella Ingredients Market

Chlorella Ingredients Market Size, Share, Growth (2023-2028)

chlorella ingredients market was valued at USD xx million in 2023 and is expected to reach USD xx million by 2028, with a CAGR of xx% during the forecast period 2023-2028. 

Chlorella Ingredients Market overview:

Chlorella is a single-celled algae most commonly found in freshwaters and has a high nutritional value due to several vitamins, minerals, and proteins. Chlorella ingredients are considered a super food as they are very beneficial for the body and are frequently used for supplementation. This algae is green in color due to the presence of chlorophyll pigment, and it is often used for its medicinal benefits. Chlorella ingredients are general composition consisting of carbohydrates, fats, fiber, ash, moisture, proteins, and calories. Chlorella is considered to be a microalgal biomass that is harvested through the process of flocculation from fresh waters and then dried, powdered, and packaged to be sold as supplements. Chlorella comes in multiple forms like powder, tablet, capsules, etc., and is consumed by adding to various drinks and making them healthier, like smoothies, juices, etc. 

Chlorella Ingredients Market drivers:

The chlorella ingredients market is growing due to the enormous health benefits of chlorella as a superfood. In addition, the growing health-conscious populations worldwide support the growth of the market. Chlorella is a high source of vitamins B1, B6, B12, and E, resulting in multiple benefits and containing minerals like Zinc, Iron, and magnesium. Chlorella can be highly beneficial for pregnant women to avoid anemia due to their iron content. All these health benefits support the growth of the chlorella ingredients market. Chlorella can also be good for eye health due to the presence of carotenoids and helps detox the body by eliminating toxic wastes like heavy metals in the body, like arsenic, lead, and mercury. Therefore, the product's high anti-inflammatory, detoxification, and antioxidant properties support its demand in the market. Chlorella also helps to fight fatigue and enhance the production of hormones like melatonin and serotonin, boosting sleep and a good mood. The Chlorella ingredients market industry is even more beneficial to the female population as it has been proven to help with menstrual cramps and fibromyalgia. The algae are also effective against high cholesterol levels and depression. It effectively lowers high blood sugar and blood pressure levels, further supporting market growth for diabetic and cardiovascular disease populations. The algae also help improve and boost the immune system, and it contains around 70% protein content proving to be highly beneficial for muscle health. Chlorella ingredients as health supplements support the kidneys, gallbladder, and liver functions, thus leading to more demand for the chlorella ingredients market. 

Chlorella ingredients market demand is also rising due to the growing vegan populations worldwide preferring to receive nutrients from health supplements. Vitamin B12 is extremely difficult to obtain from sources other than meat and is abundant in chlorella ingredients leading to more demand for vegetarians and vegans. In addition, the advantages for athletes from chlorella ingredients supplements like endurance and energy recovery also support the market's growth. Furthermore, studies speculate that chlorella ingredients can be effective against dementia and increase aerobic endurance. The effectiveness of chlorella ingredients against respiratory disorders is another major factor supporting the growth of the chlorella ingredients market. The growing research and developments in the field also support market growth. 

Chlorella Ingredients Market Restraints:

The side effects of using chlorella lead to drawbacks for the chlorella ingredients market. The risk of inflammation and allergies in specific individuals, along with abdominal discomfort and feelings of nausea, are some of the side effects. Additionally, breastfeeding women and patients allergic to iodine or thinning blood medication must exercise caution before using the supplement. Finally, there needs to be proper regulations or proof for the effectiveness of chlorella supplements against some health benefits it claims to provide. Therefore, it is essential to consult your healthcare professional before consuming the supplement. Additionally, high costs and shipping delays can lead to market losses.

Impact of covid 19 on the chlorella ingredients market:

The pandemic had a significant impact on several markets. The restrictions on transporting and producing goods led to losses for several food and beverage industry markets. Therefore, the chlorella ingredients market also had slight drawbacks due to the restrictions on sales. However, the pandemic positively impacted the market due to its several health benefits and ability to boost immunity. Due to the spread of the news that immunity deficiency is a significant factor leading to covid, populations started to look for healthier food supplements to boost immunity and also started following a healthier lifestyle in general. Therefore, the uproar for health supplements leads to a positive impact on the chlorella ingredients market. 

Key developments:

• In September 2022, Aliga Microalgae, the food technology company, planned and expanded its industries by purchasing one of the most extensive facilities located in Europe, holland, to commercialize its chlorella algae products. The danish giant aims to grow the production of chlorella algae-based products to provide more units due to increased demand in the market. The company specializes in cultivating and supplying algae-based food products and is expected to gain prominence in revenue through this expansion. 

• In July 2022, Aliga Microalgae, the danish 20116 startup food technology company, introduced its new white-cloured, neutral-flavor algae for multiple purposes. With this innovation, the company aims to reduce consumers' distaste for algae's appearance and taste. Even though algae is exceptionally beneficial for health, many people are skeptical about its consumption due to its characteristic green color and odd flavor. Therefore, this new variety is expected to be easier to consume, promoting growth for the market. 

• In November 2022, Sophie BioNutrients launched vegan-friendly chlorella based icecream through a collaboration with the danish technological industry (DCI). Dairy-free chlorella is used to produce this dessert, and the company expects to provide a tasty nutritional snack to its vegan consumers with this innovation. The nutrient-based company has been expanding its product profile and is excited to announce this frozen healthy treat filled with microalgae and proteins to its buyers. 

• In November 2021, the dutch company Aliga Microalgae naturally created golden-colored algae to make it more appealing to the populations. The striking green of the algae can make it look very unappetizing. Therefore, the company devised natural ways to produce golden algae with the same composition as green algae. It contains up to 40% protein, abundant amino acids, and vitamin B12. The company aims to make nutritious food more popular with this innovation. 

Chlorella ingredients market segmentation:

By Form: 

• Liquid

• powder

• others

The powder segment is expected to dominate the chlorella ingredients market during the forecast period as it is the easiest and most common form of consumption. Additionally, dietary supplements to be mixed in drinks and food are generally produced in powder form leading to more revenue for the segment.

However, the liquid segment is also expected to have significant growth in the market due to the growing beverage industry and the cost-effectiveness of the liquid form. In addition, manufacturers' growing production of liquids also supports market growth. 

By End-Use Application:

• Health and Medical Sector

• Animal Feed Sector

• Food and Beverages Sector

• Pet Food Sector

• Fertilizers Sector

• Cosmetics and Personal Care Sector

The Food and beverages segment is expected to dominate the market during the forecast period due to the growing consumption of chlorella as a health supplement and in the form of drinks. In addition, the growing innovations in powder and liquid forms for sale in stores and online retailers support the market's growth. 

The cosmetics and Personal care segment, along with animal feed, is also expected to support the market growth due to the benefits of chlorella in skin and hair health and their benefits to animal diets. 

Chlorella ingredients Market Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Latin America

• M.E.A.

The North American region is expected to dominate the chlorella ingredients market during the forecast period due to the rising concern regarding health and a preference for nutrient-rich supplements. In addition, the rising population adopting a healthier diet and lifestyle changes supports the region's market growth. Furthermore, the growing investments and critical players in countries like the U.S. and Canada support the market growth in the region. Furthermore, the growing vegan and vegetarian populations in the region are also leading to growth in the market. The US is also a leading importer of chlorella worldwide, leading to the chlorella ingredients market size expansion. 

The Asia-Pacific and Europe markets are also expected to grow due to the population's rising adoption of healthy foods. Additionally, the growing disposable incomes and awareness regarding supplements support market growth. Additionally, using chlorella in many cuisines, especially in Asian Countries like China, Taiwan, the Philippines, Vietnam, India, Japan, and India, etc., leads to growth for the chlorella ingredients market in the region. Additionally, Vietnam and the Philippines are the leading transporters of chlorella, and Japan is one of the significant importers of the product. 

Chlorella Ingredients Market Key Players:

1. GONG BIH ENTERPRISHE CO., L.T.D.

2. E.I.D. - Parry Limited

3. Far East Bio-Tec Co., Ltd.

4. Yaeyama Shokusan Co., Ltd.

5. Fuqing King Dnarmsa Spirulina Co., Ltd.

6. Tianjin Norland Biotech Co., Ltd

7. STAUBER Ingredients For Innovation

8. Sure Chemical Co., Ltd.

9. Green Source Organics.

10. SUN CHLORELLA CORP. 

11. FEMICO 

12. Taiwan Chlorella Manufacturing Company

13. Yaeyama Shokusan Co., Ltd.

14. Kshipra Biotech Private Limited

15. Kuber Impex Ltd.

16. Divyagro.

17.