The global Chlorella market size was USD 281.6 million in 2021 and is estimated to grow to about USD 401.7 million by the end of 2028 with a CAGR of 6.1%
Chlorella Market: Overview
Chlorella is a freshwater microbe that lives and grows in freshwater. Chlorella is a single-celled alga found only in pure water. It has a high chlorophyll concentration when compared to other plants. People are more concerned about living longer and healthier lives. Consumers are growing interested in natural, additive-free, and preservative-free organic meals. This is one of the primary drivers of market expansion.
Moreover, rising health consciousness has raised the demand for food products that promote good health, particularly low-fat, cholesterol-lowering, protein-rich, and weight-controlling options. As a result, the number of plant-based protein-containing food products has increased significantly in recent years, which has boosted the demand for the product.
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Chlorella Market: Drivers
Manufacturers of chlorella, nutraceutical products, and dietary supplements are the key drivers. A growing market for cosmetic and personal care goods has aided the global rise of the chlorella industry. Chlorella is a component that provides pigmentation to cosmetic products. Additionally, chlorella is a rich source of chlorophyll, which is used in personal care products such as lotions, skin care creams, and hair care products. The growing number of health-conscious customers has also contributed to the global expansion of the chlorella market. Chlorella helps to prevent gastrointestinal ulcers, boost immunity, lower blood sugar levels, lower cholesterol, and enhance hemoglobin concentrations.
Chlorella Market Segmentation:
The Chlorella Market is divided into segments such as technology, product type, source, application, and sales/distribution channel.
Based on technology, the market is classified into four categories: autotrophic, open pond, closed pond, and heterotrophic. Because of its better yield, decreased danger of contamination, low water consumption, and low cost, the heterotrophic category is expected to grow the fastest throughout the predicted time period.
Powder, Tabs, Extract, and Capsules are the market segments. The powder segment is expected to account for the vast majority of the chlorella market throughout the projected period. The chlorella powder’s huge market share is mostly due to its excellent coloring qualities.
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. (China), Duplaco B.V. (Netherlands), Sun Chlorella Corporation (Japan), Algorigin (Switzerland), Yunnan Green A Biological Project Co., Ltd (China), Zhejiang Comp Spirulina Co., Ltd. (China), Gong Bih Enterprise Co., Ltd. (China), and Wilson Group (Taiwan).
Chlorella Market is segmented as follows:
By Product Type
Chlorella Pyrenoidosa or Sorokiniana
Food & Beverages
By Sales/Distribution Channel
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of the Middle East & Africa
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