The global Chlorella market was worth USD 281.6 million in 2021 and is expected to be worth USD 401.7 million by the end of 2028, growing at a CAGR of 6.1%.
Chlorella Market: Overview
Chlorella is a freshwater microorganism that lives and grows in freshwater. Chlorella is a single-celled alga found only in pure water. It has a high chlorophyll concentration when compared to other plants. Individuals are more concerned about living longer and healthier lives. Organic meals that are natural, additive-free, and preservative-free are gaining popularity among consumers. This is one of the key drivers of market expansion.
Read Related: https://www.zionmarketresearch.com/news/global-chlorella-market
Chlorella Market: Drivers
The key drivers are chlorella, nutraceutical, and dietary supplement producers. The chlorella industry’s global growth has been boosted by increased demand for cosmetics and personal care products. Chlorella is a pigmenting ingredient found in a variety of cosmetics. Furthermore, chlorella contains a high quantity of chlorophyll, which is present in personal care products such as lotions.
Market Segmentation for Chlorella:
The Chlorella Market is classified into technology, product type, source, application, and sales/distribution channel categories.
The market is divided into four categories based on technology: autotrophic, open pond, closed pond, and heterotrophic. The heterotrophic category is likely to expand the fastest over the predicted time period due to its higher yield, lower risk of contamination, low water consumption, and low cost.
Powder, Tabs, Extract, and Capsules are the market segments. The powder segment is expected to account for the vast majority of the chlorella market throughout the projected period. The chlorella powder’s huge market share is mostly due to its excellent coloring qualities.
Competitive Landscape
Some of the main competitors dominating the Chlorella Market include – Distributing Ltd. (Canada), Roquette Klötze GmbH & Co. KG (Germany), Phycom (Netherlands), Tianjin Norland Biotech Co., Ltd. (China), Fuqing King Dnarmsa Spirulina Co. Ltd. (China), Far East Microalgae Industries, Co., Ltd. (FEMICO) (Taiwan), Allmicroalgae – Natural Products, S.A (Portugal), Qingdao Haizhijiao Biotechnology Co., Ltd. (China), STAUBER (U.S.), Alver World SA (Switzerland), AlgoSource (France), Taiwan Chlorella Manufacturing Company (Taiwan), E.I.D. – Parry (India) Limited (India), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), Duplaco B.V. (Netherlands), Sun Chlorella Corporation (Japan), Algorigin (Switzerland), Yunnan Green A Biological Project Co., Ltd (China), Zhejiang Comp Spirulina Co., Ltd. (China), Gong Bih Enterprise Co., Ltd. (China), and Wilson Group (Taiwan).
Chlorella Market is segmented as follows:
By Technology
Autotrophic
Open Pond
Closed Pond
Heterotrophic
By Product Type
Powder
Tablets
Extract
Capsules
By Source
Chlorella Vulgaris
Chlorella Pyrenoidosa or Sorokiniana
Others
By Application
Nutraceuticals
Food & Beverages
Animal Feed
Cosmetics
Others
By Sales/Distribution Channel
B2B
B2C
Offline
Distributors
Retailers
Direct-To-Consumer
Online
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa
Contact US
Zion Market Research
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL-FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
Read Also:
TECNO ROHIT 