According to the research report titled ‘North America Algae Protein Market Size By Application, By Source, By Product, By Dosage Form, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026’, available with Market Study Report, North America algae protein market is projected to register a healthy growth rate over 2020-2026, subsequently amassing a valuation of USD 290 million by the end of the analysis period.
 

As per the report findings, changing dietary and lifestyle trends due to escalating cases of chronic diseases like diabetes, high blood pressure, and obesity are catalyzing the growth of algae protein market in North America. Moreover, increasing purchasing power of people and widespread adoption of plant-based protein due to surging demand for meat and dairy alternatives are enhancing the industry remuneration.
 

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Considering source, the market is fragmented into seaweed (green algae, brown algae, red algae), micro algae (blue-green algae, others), and others. Experts state that seaweed sourced protein have risen in popularity in recent years and will likely record strong gains through 2026. High vitamin and protein content along with anti-inflammatory and anti-oxidant characteristics are favoring the product demand.
 

By dosage form, capsules, liquid, and powder the major segments highlighted in the North America algae protein market report. The powder segment attained a USD 100 million valuation in 2019 and expected to maintain a strong growth curve in the upcoming years. Escalating demand for powdered protein supplements in view of heightened focus on physical activity and proper nutrition, along with increasing number of athletes are supporting the segmental expansion.
 

Meanwhile, demand for dietary supplements in the form of liquid or capsules is also gaining traction owing to their convenience and easy availability.
 

In terms of product type, the industry is divided into chlorella, spirulina, and others. Of these, chlorella is witnessing a strong demand due to various health benefits. It is a rich source of antioxidants, vitamins, minerals, and enhances blood insulin levels, regulates cholesterol levs, and improve immunity.
 

Speaking of the competitive landscape, Far East Bio-Tec Co. Ltd., TerraVia Holdings Inc., Earthrise Californian Spirulina, Vimergy LLC, Prairie Naturals, Energybits Inc., Now Foods, E.I.D. Parry Ltd., Corbion N.V., and Cyanotech Corp. are the major players influencing North America algae protein industry trends.