The Chlorella Market was worth more than USD 281.6 million in 2021 and is expected to rise to about USD 401.7 million by 2028, at a compound yearly growth rate (CAGR) of 6.1% over the forecast period.
Chlorella Market: Overview
Chlorella is a freshwater microbe that lives and grows in freshwater. Chlorella is a single-celled alga found only in pure water. It has a high chlorophyll concentration in comparison to other plants. People are growing increasingly concerned about living longer and healthier lives. Organic meals that are natural, additive-free, and preservative-free are becoming increasingly popular among customers. This is one of the primary drivers of market expansion.
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Chlorella Market: Drivers
The key drivers are chlorella, nutraceutical, and dietary supplement producers. The global rise of the chlorella industry has been aided by rising demand for cosmetics and personal care products. Chlorella is a pigmenting agent that is commonly used in cosmetics. Additionally, chlorella contains a high quantity of chlorophyll, which can be found in personal care products such as lotions.
Chlorella Market Segmentation:
The Chlorella Market is divided into areas such as technology, product type, source, application, and sales/distribution channel.
Based on technology, the market is classified into four categories: autotrophic, open pond, closed pond, and heterotrophic. The heterotrophic segment is expected to develop the fastest throughout the projected time due to its higher output, decreased danger of contamination, low water usage, low space utilization, and high biomass purity.
The market is divided into Powder, Tabs, Extract, and Capsules. The powder segment is expected to account for the majority of the chlorella market throughout the forecast period. The significant market share is mostly due to the powerful coloring ability of chlorella powder.
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 Middle East & Africa