The Chlorella Market was valued at over USD 281.6 million in 2021 and is expected to increase to nearly USD 401.7 million by 2028, at a compound yearly growth rate (CAGR) of approximately 6.1% during the forecast period. The study examines the Chlorella Market drivers, restraints/challenges, and their impact on demand during the forecast period. Furthermore, the study investigates potential opportunities in the Chlorella Company.
Chlorella Market: Overview
The freshwater microbe chlorella lives and grows in freshwater. Chlorella is a single-celled alga that can only be found in clean water. It has a high chlorophyll concentration when compared to other plants. People are growing more concerned with living longer and healthier lives. Organic meals that are natural, additive- and preservative-free have grown in popularity among consumers. This is one of the primary drivers of market expansion.
Furthermore, the aging global population, rising chronic disease rates, advances in self-care, treatment, and prevention, and increasingly informed and connected consumer trends are all contributing to a greater emphasis on health and wellness, propelling market expansion. Chlorella is commonly used to treat fibromyalgia, constipation, hypertension, and excessive cholesterol. It also aids in the treatment of colitis, Crohn’s disease, ulcers, and diverticulosis by increasing the number of beneficial bacteria in the gastrointestinal system.
Chlorella Market: Drivers
Manufacturers of chlorella, nutraceuticals and dietary supplements are the key drivers. The chlorella industry’s global rise has been aided by rising demand for cosmetics and personal care products. Chlorella is a pigmenting ingredient commonly used in cosmetics. Moreover, chlorella contains a high quantity of chlorophyll, which is found in personal care goods like lotions, skin care creams, and hair care products.
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. Because of its higher production, lower risk of contamination, low water usage, low space utilization, and high biomass purity, the heterotrophic segment is likely to grow the fastest over the projected time.
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, the growing number of health-conscious clientele and the potential of chlorella powder to eliminate heavy metal & ash content such as mercury from the body. In addition, the widespread use of chlorella powder in chlorella tablets, capsules, extracts, instant noodles, dumplings, pastries, beverages, ice cream, and dietary supplements is driving up market demand.
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.
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
