Chlorella is a detoxifying agent and a superfood alternative that identifies metal poisons and prevents them from being dissolved in the body. The nutritional and physiological advantages of chlorella are well-known. Such components operate as functional foods, boosting immune system function, gastrointestinal health, lowering cholesterol, and acting as an antioxident. Chlorella ingredients have been widely used across various end use industries including food and beverage, animal feed, pharmaceutical and nutraceutical, among others.
MARKET SCOPE
The "Global Chlorella Ingredients Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chlorella ingredients market with detailed market segmentation by application and geography. The report provides key statistics on the market status of the leading chlorella ingredients market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- On the basis of application, the market is segmented into food & beverages, animal feed, pharmaceutical & nutraceutical, and others.
MARKET DYNAMICS
Drivers:
- The chlorella ingredients market has grown significantly as a result of factors such as the increasing use of chlorella in the food and beverage sector, which has boosted demand in emerging countries.
- Furthermore, the growing demand for functional foods presents a large market potential for the chlorella ingredients market's major players.
Restraints:
- The overall market expansion for chlorella ingredients is expected to be hindered by a lack of consumer awareness about chlorella ingredients.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The chlorella ingredients market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chlorella ingredients market in these regions.
IMPACT OF COVID-19 ON CHLORELLA INGREDIENTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the chlorella ingredients market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chlorella ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for chlorella ingredients in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chlorella ingredients market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AlgaeBio
- Aurora
- Cellana
- FEBICO
- Fuqing King Dnarmsa Spirulina Co. Ltd.
- Guangdong Lejin Medicine Company Ltd.
- Heliae Inc.
- Kingherbs Inc.
- Phytomer
- Roquette
- NP Nutra
- Phycom BV
- Duplaco
- Parry Nutraceuticals
- Far East Bio-Tec Co.
- Sure Chemical Co. Ltd
- Yaeyama Shokusan Co.
- Green Source Organics
- Tianjin Norland Biotech Co. Ltd.
- Sun Chlorella USA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.