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Global Chlorella Ingredients Market Growth Report 2028 By Key Players Phycom BV, Duplaco, NP Nutra

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Sheryl Dias
Global Chlorella Ingredients Market Growth Report 2028 By Key Players Phycom BV, Duplaco, NP Nutra

The chlorella ingredients market size was valued at USD 276.7 million in 2020 and is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to increasing population, unhealthy lifestyles, and increasing number of people adopting vegan lifestyle.


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The chlorella ingredients contain certain compounds that are antioxidants, including vitamin C, chlorophyll, beta-carotene, lutein, and lycopene. These antioxidants help to cure several chronicle diseases. The chlorella ingredients help to remove harmful compounds and heavy metals from the body, it also helps to reduce the quantity of other damaging chemicals sometimes found in food. Chlorella helps to increase body’s natural ability to clear toxins and it also improve immune system. Chlorella ingredients help to reduce cholesterol in people with high cholesterol problem and high blood pressure. It increases insulin sensitivity and improves blood sugar in patients.


Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for vegan protein consumption is projected to boost the market in the coming years.
  • Various health benefits from chlorella ingredients are the major factor fueling the market.
  • Increase in price of chemicals is anticipated to restrict market growth during the forecast period.
  • High cost of the products is projected to hamper the market expansion in the coming years.
  • R&D investment and technological advancement in chlorella ingredients is projected to create lucrative opportunities for the market players.


Market Segment Insights


The food and beverages segment accounts for key share of the market and expected to grow at a rapid pace

Based on applications, the chlorella ingredients market is fragmented into dietary supplement, animal feed, food and beverages, and other applications. The food and beverages segment accounts for a key share of the market. The growth of the market is attributed to rising population, increasing disposable income, increased use of chlorella in the food industry, and rapid urbanization. The dietary supplement segment is anticipated to expand at rapid pace during the forecast period due to factors such as rising awareness about vegan diet, growing demand for vegan protein consumption, and various health benefits from consuming chlorella.


The market in Asia Pacific is estimated to hold a major market share

On the basis of regions, the chlorella ingredients market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period due to growing demand for vegan protein consumption and various health benefits from consuming chlorella. The market in Asia Pacific is expected to hold major market share due to increase in number of people adopting vegan lifestyle, rising awareness about vegan diet, and increase in urbanization.


Compititive Landscape

Key players competing in the chlorella ingredients market includes Seagrass Tech private Limited, Parry Nutraceuticals, Phycom BV, Duplaco, NP Nutra, Roquette Klotze GmbH & Co. KG, Aurora, Far East Bio-Tech Co., Ltd. [FEBICO], Heliae, Tianjin Norland Biotech Co., Ltd., and Kingherbs, Inc.


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