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Pulished Date February, 2020
ID: 6024
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Chlorella Market Analysis By Application (Food And Beverage Industry, Pharmaceutical Industry, Personal Care Industry And Other Applications), By Type (Organic Chlorella And Inorganic Chlorella) And By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and Rest of the world) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast Research Report 2020-2025

Pulished: February, 2020
ID: 6024
Pages: 175

Chlorella Market Size and Growth Rate Analysis:

Chlorella Market is expected to reach over USD 210.50 million by the end of the assessment period. The market is likely to experience moderate growth to record a CAGR of 6.40% throughout the forecast period 2020-2025. Chlorella is a microscopic organism that resides and develops in freshwater. Chlorella is a single-celled alga that grows in pure water. It contains a large amount of chlorophyll compared to other plants. Besides, it includes multiple active ingredients, including fatty acids, dietary essential amino acids, RNA/DNA, beta-carotene, and more than 20 vitamins and minerals. 

Chlorella has many applications in the food, food, pharmaceutical, cosmetic and biofuel sectors. It is widely applied in the treatment of constipation, high blood pressure, fibromyalgia, and high cholesterol. In addition, it also helps treat colitis, Crohn's disease, ulcers, and diverticulosis, by increasing the number of good bacteria in the stomach. Additionally, chlorella is also used for human consumption and grown outdoors in freshwater ponds in direct sunlight. Biologists monitor this growth process to ensure optimal nutritional value and product quality. 

Chlorella is a microscopic organism that grows in freshwater. It is a single-celled green alga that contains the highest chlorophyll amount when compared to other plants. It consists of various active ingredients such as fatty acids, dietary essential amino acids, beta-carotene, RNA/DNA, and over 20 vitamins and minerals.

Chlorella is widely used to treat fibromyalgia, constipation, high blood pressure, and high cholesterol. It is also helpful in treating colitis, Crohn’s disease, ulcers, and diverticulosis by raising the number of good bacteria in the gastrointestinal tract. Chlorella used for human consumption is cultivated outdoors in mineral-rich freshwater ponds under the presence of direct sunlight. The entire cultivation process is closely monitored by biologists in order to ensure optimum product quality and nutrient value.

Chlorella Market Growth Factors:

A growing market for cosmetic and personal care products have played an important role in fuelling the growth of the chlorella market across the globe. Chlorella works as an ingredient responsible for adding pigmentation in the cosmetic line of products.

Moreover, chlorella also is a key source of chlorophyll which is used in personal care products such as lotions, skin care creams, and hair care products. The rising number of health-conscious customers also has propelled the growth of the chlorella market globally. Chlorella helps in reducing gastric ulcers, improving immunity, lowering blood sugar levels, lowering cholesterol, and raise hemoglobin concentrations.

These factors have helped in propelling the market for chlorella across the globe. Another factor responsible for the growth of the global chlorella market is the rising government support for organic farming in various regions across the globe. This has further led to a growth in chlorella cultivation and hence propelled the market for chlorella across the globe.

Chlorella Market Drivers and Restraints:

The global Chlorella market is assumed to experience significant growth during the outlook period as it is proven to be effective against various cancers due to its antioxidant, antimicrobial and anti-inflammatory properties. It is also known to reduce blood pressure and cholesterol levels, improve wound healing, help control respiratory disease, promote eye health, support liver health, and strengthen the immune system. Chlorella can enhance the lifestyle of people with fibromyalgia, hypertension, and ulcerative colitis. Chlorella works as an element responsible for adding pigmentation to cosmetic products. These factors have helped stimulate the global chlorella market worldwide. The high consumption of beverages, especially, functional drinks, is the primary determinant of the growth of the Chlorella market. The increasing demand for natural ingredients has led food manufacturers to explore natural ingredients, which is supposed to intensify the application of chlorella in different food categories in the following years.

Also, the increasing adoption of veganism, particularly in the United States and several European countries, is expected to spur market growth during the foreseen period, as chlorella is a viable alternative to animal protein. Therefore, the health benefits associated with chlorella have led to an increase in the adoption of chlorella supplements among the health-conscious population. This has also led to an increase in the cultivation of chlorella and has, therefore, stimulated the chlorella market worldwide.

However, the high cost of production limits the growth of the world Chlorella market. Chlorella needs sparkling water and artificial light/shade for optimal growth, which increases the value. Additionally, using chlorella as a food source requires spraying cell walls effectively using expensive equipment. These costs are reflected in the price of the final product, which is presumed to hamper the chlorella market growth during the outlook period. 

 

Recent Developments in Chlorella Industry:

  1. Algenuity's Chlorella Colors platform launched this year at Vitafoods Europe. The range of colors includes yellow, lime and white.
  2. Sun Chlorella Corporation manufactures as well as distributes health care products. Sun Chlorella Corporation offers chlorella tablets, sun chlorella drinks, sun chlorella creams, extracts, and some other products. It also operates health management and nutritional supporting businesses.
  3. With the change of company in March 2016, TerraVia acquired AlgaVia and AlgaWise, another brand of food ingredients. The AlgaVia brand provides food manufacturers with two whole algae powders that contain long-lasting, non-allergenic protein and lipids. As the name implies, the entire algae cell is used in the form of whole algae powders, ground into a fine powder. 
  4. For Growth of the Chlorella in Taiwan, the first Manufacturing Company was established in 1964, the name called Taiwan Chlorella Manufacturing Company (TCMC). TCMC is the oldest and largest Chlorella producer in the world. TCMC is dedicated to creating a better life for humans and improving people's health while continuing to innovate and progress.

 

Detailed Segmentation of the Global Chlorella Market:

Based on Application:

  • Food and beverage industry
  • Pharmaceutical industry
  • Personal care industry
  • Other applications

Food and beverages hold the largest share in this segment. On the basis of type, the market is divided into organic chlorella and inorganic chlorella. Organic chlorella is expected to have the largest market share in the segment.

Based on Type:

  • Organic Chlorella
  • Inorganic Chlorella

Geographical Classification of the Chlorella Market:

North America - United States, Canada

Latin America - Brazil, Argentina, Mexico

Europe - United Kingdom, France, Germany, Spain, Italy

The Middle East and Africa - Saudi Arabia, United Arab Emirates, Lebanon, Jordan, Cyprus

Asia Pacific - China, India, Japan, South America, Australia, New Zealand, and Southeast Asia

Regional Growth Insights:

 

Regional Analysis of the Chlorella Market:

On the basis of the geographical segment, the chlorella market is segmented into different regions: North America (Canada, The US), Latin America (Mexico, Brazil, Rest Of Latin America ), Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries ), Eastern Europe ( Russia, Rest Of Eastern Europe), Asia Pacific (Japan, China, India and Rest of APAC), and Middle-East & Africa. 

Among all the divisions, Asia Pacific is expected to form a dominant part of the Chlorella market during the forecast period. The region represented 37.89% of the market in 2018. China and Japan are among the main contributors to the growth of the Asia-Pacific market. The regional market is foreseen to record a significant CAGR of 4.7% during the forecast period. The rapid growth of the personal care sector in the emerging economies of Asia Pacific is promoting the growth of the Chlorella market in the area. Due to the trend in natural cosmetics, manufacturers are focusing on launching products made with natural ingredients like chlorella. In the Asia Pacific region, the chlorella application is high in Nutraceuticals products and Pharmaceuticals. These factors are expected to stimulate growth in the global Asia-Pacific Chlorella market during the forecast period. 

In addition, the North American market has a significant share of the Chlorella market due to the growing demand for organic chlorella.

 

Leading Key Companies Covered in this market report are:

  1. Sun Chlorella Corp
  2. Vedan Enterprise
  3. FEMICO
  4. International Chlorella
  5. Taiwan Chlorella Manufacturing Company
  6. Yaeyama Chlorella
  7. Gong Bih Enterprise
  8. Fuqing King Dnarmsa Spirulina
  9. Like Chlorella Biotech
  10. Jiangxi Mingjun
  11. Guangzhou Jinqiu Chlorella

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Application                 

                                5.1.1 Food and Beverage Industry           

                                                5.1.1.1 Cancer

                                                5.1.1.2 Immunity

                                                5.1.1.3 Blood Cholestrol

                                                5.1.1.4 Gut Bacteria

                                5.1.2 Pharmaceutical Industry   

                                                5.1.2.1 Constipation

                                                5.1.2.2 Hypertension

                                                5.1.2.3 Diabetes

                                                5.1.2.4 Hypoglycemia

                                                5.1.2.5 Asthma

                                                5.1.2.6 Fibromyalgia

                                                5.1.2.7 High Blood Pressure

                                                5.1.2.8 High Blood Cholestrol

                                5.1.3 Personal Care Industry      

                                5.1.4 Other Applications               

                                                5.1.4.1 Skin Care Creams

                                                5.1.4.2 Lotions

                                                5.1.4.3 Hair Care Products

                                5.1.5  Y-o-Y Growth Analysis, By Application        

                                5.1.6  Market Attractiveness Analysis, By Application      

                                5.1.7  Market Share Analysis, By Application       

                5.2 Type                              

                                5.2.1 Organic Chlorella  

                                5.2.2 Inorganic Chlorella               

                                5.2.3 Y-o-Y Growth Analysis, By Type     

                                5.2.4 Market Attractiveness Analysis, By Type   

                                5.2.5 Market Share Analysis, By Type     

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Application

                                                6.1.3.2 By Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Application

                                                6.1.4.2 By Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Application

                                                6.1.5.2 By Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Sun Chlorella Corp                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Vedan Enterprise                     

                8.3 FEMICO                        

                8.4 International Chlorella                           

                8.5 Taiwan Chlorella Manufacturing Company                    

                8.6 Yaeyama Chlorella                   

                8.7 Gong Bih Enterprise                

                8.8 Fuqing King Dnarmsa Spirulina                           

                8.9 Like Chlorella Biotech                             

                8.10 Jiangxi Mingjun                      

                8.11 Guangzhou Jinqiu Chlorella                               

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Application, by Type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

Global Chlorella  Market By Region, From 2019-2024 ( USD Billion )

Global Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Global Food and Beverage Industry Market By Region, From 2019-2024 ( USD Billion )

Global Pharmaceutical Industry Market By Region, From 2019-2024 ( USD Billion )

Global Personal Care Industry  Market By Region, From 2019-2024 ( USD Billion )

Global Other Applications Market By Region, From 2019-2024 ( USD Billion )

Global Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Global Organic Chlorella  Market By Region, From 2019-2024 ( USD Billion )

Global Inorganic 2019-2024 ( USD Billion ) By Region, From 2019-2024 ( USD Billion )

North America Chlorella  Market By Application, From 2019-2024 ( USD Billion )

North America Food and Beverage Industry Market By Region, From 2019-2024 ( USD Billion )

North America Pharmaceutical Industry Market By Region, From 2019-2024 ( USD Billion )

North America Personal Care Industry  Market By Region, From 2019-2024 ( USD Billion )

North America Other Applications Market By Region, From 2019-2024 ( USD Billion )

North America Chlorella  Market By Type , From 2019-2024 ( USD Billion )

North America Organic Chlorella  Market By Region, From 2019-2024 ( USD Billion )

North America Inorganic 2019-2024 ( USD Billion ) By Region, From 2019-2024 ( USD Billion )

United States Chlorella  Market By Application, From 2019-2024 ( USD Billion )

United States Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Canada Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Canada Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Europe Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Europe Food and Beverage Industry Market By Region, From 2019-2024 ( USD Billion )

Europe Pharmaceutical Industry Market By Region, From 2019-2024 ( USD Billion )

Europe Personal Care Industry  Market By Region, From 2019-2024 ( USD Billion )

Europe Other Applications Market By Region, From 2019-2024 ( USD Billion )

Europe Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Europe Organic Chlorella  Market By Region, From 2019-2024 ( USD Billion )

Europe Inorganic 2019-2024 ( USD Billion ) By Region, From 2019-2024 ( USD Billion )

U.K. Chlorella  Market By Application, From 2019-2024 ( USD Billion )

U.K. Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Germany Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Germany Chlorella  Market By Type , From 2019-2024 ( USD Billion )

France Chlorella  Market By Application, From 2019-2024 ( USD Billion )

France Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Italy Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Italy Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Spain Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Spain Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Asia Pacific Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Asia Pacific Food and Beverage Industry Market By Region, From 2019-2024 ( USD Billion )

Asia Pacific Pharmaceutical Industry Market By Region, From 2019-2024 ( USD Billion )

Asia Pacific Personal Care Industry  Market By Region, From 2019-2024 ( USD Billion )

Asia Pacific Other Applications Market By Region, From 2019-2024 ( USD Billion )

Asia Pacific Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Asia Pacific Organic Chlorella  Market By Region, From 2019-2024 ( USD Billion )

Asia Pacific Inorganic 2019-2024 ( USD Billion ) By Region, From 2019-2024 ( USD Billion )

Japan Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Japan Chlorella  Market By Type , From 2019-2024 ( USD Billion )

China Chlorella  Market By Application, From 2019-2024 ( USD Billion )

China Chlorella  Market By Type , From 2019-2024 ( USD Billion )

India Chlorella  Market By Application, From 2019-2024 ( USD Billion )

India Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Australia Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Australia Chlorella  Market By Type , From 2019-2024 ( USD Billion )

South Korea Chlorella  Market By Application, From 2019-2024 ( USD Billion )

South Korea Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Latin America Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Latin America Food and Beverage Industry Market By Region, From 2019-2024 ( USD Billion )

Latin America Pharmaceutical Industry Market By Region, From 2019-2024 ( USD Billion )

Latin America Personal Care Industry  Market By Region, From 2019-2024 ( USD Billion )

Latin America Other Applications Market By Region, From 2019-2024 ( USD Billion )

Latin America Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Latin America Organic Chlorella  Market By Region, From 2019-2024 ( USD Billion )

Latin America Inorganic 2019-2024 ( USD Billion ) By Region, From 2019-2024 ( USD Billion )

Brazil Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Brazil Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Argentina Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Argentina Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Mexico Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Mexico Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Rest of Latin America Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Rest of Latin America Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Middle East and Africa Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Middle East and Africa Food and Beverage Industry Market By Region, From 2019-2024 ( USD Billion )

Middle East and Africa Pharmaceutical Industry Market By Region, From 2019-2024 ( USD Billion )

Middle East and Africa Personal Care Industry  Market By Region, From 2019-2024 ( USD Billion )

Middle East and Africa Other Applications Market By Region, From 2019-2024 ( USD Billion )

Middle East and Africa Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Middle East and Africa Organic Chlorella  Market By Region, From 2019-2024 ( USD Billion )

Middle East and Africa Inorganic 2019-2024 ( USD Billion ) By Region, From 2019-2024 ( USD Billion )

Middle East Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Middle East Chlorella  Market By Type , From 2019-2024 ( USD Billion )

Africa Chlorella  Market By Application, From 2019-2024 ( USD Billion )

Africa Chlorella  Market By Type , From 2019-2024 ( USD Billion )

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