Global Algae Proteins Market to Reach $1.1B by 2026

Spirulina is one of the fastest-growing segments within the global algae proteins market.
Spirulina is one of the fastest-growing segments within the global algae proteins market.

A study from Global Industry Analysts Inc. (GIA) on the algae proteins global market indicates that it will reach $1.1 billion by 2026, growing at a 6.6% CAGR during the forecast period. The demand from the skin care industry is one market driver for algae proteins identified in the report, along with the pharmaceuticals and food and beverage industries.

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Two of the fastest-growing segments within the global algae proteins market are Spirulina and Chlorella, estimated to grow at a 7.1% and 6.1% CAGR over the analysis period, respectively.

The United States is the leading region for the algae proteins market, estimated at $235 million this year. China is the second-largest, with the market size estimated to reach $176.1 million by 2026 at an 8.8% CAGR. Other notable regions include Japan (4.8% CAGR), Canada (6.4% CAGR) and Germany (5% CAGR).

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