As per the research report titled ‘Asia Pacific Algae Protein Market Forecast 2027 By Source, By Product, By Dosage Form, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific algae protein market is likely to progress at a robust growth rate and exceed a valuation of USD 250 million by 2027.

As per report findings, the high protein value of algae results in extensive product utilization in food products and beverages, cosmetic goods, and dietary supplements, thereby aiding the augmentation in Asia Pacific algae protein market. Furthermore, increasing consumer inclination towards maintaining healthy diet is fueling the industry renumeration.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4966034/   

Conclusive evidence in several research articles claim that apart from protein, algae is also a good source of vitamins, chlorophyll, minerals, and carbohydrates, and also possesses anti-cancer benefits which has immensely contributed to the growth trajectory of the marketplace in recent times.

Moving on, the industry is fragmented on the basis of source, dosage form, application spectrum and regional terrain.

Based on source, Asia Pacific algae protein market share from seaweed segment was valued at USD 70 million in 2020, owing to high demand for seaweed products such as agar, alginate, and carrageenan hydrocolloids, which are highly beneficial and utilized in agriculture and animal products.

Considering dosage form, capsules segment generated a renumeration of USD 24 million in 2020, as capsules are a preferred option of dosage among consumers since it is convenient to attain daily goal of nutrition. Capsules are known to be rich in proteins and vitamins that boost skin, joint, heart, and bone health.

Speaking of the application spectrum, food & beverages sector is slated to showcase noteworthy growth during the forecast period, attributable to inclination among consumers to maintain a healthy diet. Athletes are the primary consumers of algae laden food items and beverages as it helps in maintaining their energy levels and achieving their day-to-day nutrition targets.

The competitive terrain of Asia Pacific algae protein market is majorly influenced by key players such as Prolgae Spirulina Supplies Pvt Ltd., Yunnan Green A Biological Project Co. Ltd., Cyanotech Corporation, East India Distilleries (EID) Parry Ltd., Corbion N.V., Far East Bio-Tec Co. Ltd., Fuqing King Dnarmsa Spirulina Co. Ltd., and Phycom Microalgae.