Asia Pacific Algae Proteins Market

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Asia Pacific Algae Proteins Market, By Source (Seaweed, Microalgae); By Dosage Form (Capsules, Liquid, Powder); By Application (Dietary Supplements, Food & Beverages, Animal Feed, Cosmetics); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

Published Date: September 2024
Report ID: BWC24674
Available Format: PDF
Page: 270

Report Overview

A rising demand for plant-based proteins, growing awareness about nutritional benefits of algae, and algae’s expanding applications beyond food and beverages are expected to drive Asia Pacific Algae Proteins Market during the forecast period between 2024 and 2030.

Asia Pacific Algae Proteins Market – Industry Trends & Forecast Report, 2030

Asia Pacific Algae Proteins Market size was estimated at USD 362.37 million in 2023. During the forecast period between 2024 and 2030, Asia Pacific Algae Proteins Market size is projected to grow at a CAGR of 9.7% reaching a value of USD 680.44 million by 2030. Prominent drivers of the market include the growing demand for vegan protein alternatives, which has significantly boosted algae protein consumption across the region. Additionally, the numerous health benefits of algae protein, such as being rich in vitamins, minerals, chlorophyll, carbohydrates, and protein, further support market growth. Algae's anti-cancer properties and its ability to reduce body fat while providing energy also contribute to its increasing popularity. A noticeable shift toward cruelty-free and vegan lifestyles is influencing Asia Pacific Algae Proteins Market, with consumers and manufacturers seeking sustainable protein alternatives. Algae, recognized for its nutritional and environmental benefits, is becoming an increasingly popular choice in industries such as dietary supplements, cosmetics, and beverages. The market is thriving across the region, catering to diverse consumer groups, including athletes and the elderly, through various product forms like powders, tablets, and softgel capsules. Algae's high content of protein, amino acids, minerals, and fatty acids makes it ideal not only for human consumption but also for animal feed. The rising popularity of algae-based products in the Asia Pacific region is expected to continue growing, driven by consumer demand for natural, nutrient-rich ingredients, further solidifying the market's potential for expansion across the region.

Asia Pacific Algae Proteins Market

Algae Proteins – Overview

Algae proteins refer to proteins derived from various types of algae, including microalgae and macroalgae (seaweed). These proteins are rich in essential amino acids, vitamins, minerals, and other nutrients, making them a valuable plant-based protein source. Algae proteins are widely used in food and beverage industries, dietary supplements, cosmetics, and animal feed due to their high nutritional content, sustainability, and environmental benefits. They are considered a key alternative protein, particularly in the growing vegan and plant-based food markets, as they are both nutrient-dense and environmentally friendly to produce.

Asia Pacific Algae Proteins Market

Growth Drivers

Expanding Applications beyond Food

The expanding applications of algae proteins beyond traditional food products are driving Asia Pacific Algae Proteins Market. Algae proteins are increasingly being incorporated into a wide range of products, including dietary supplements, cosmetics, beverages, and animal feed, due to their rich nutritional profile, which includes essential amino acids, vitamins, minerals, and fatty acids. These proteins are ideal not only for human consumption but also for enhancing animal feed formulations. In the personal care sector, algae-derived ingredients are valued for their antioxidant, anti-inflammatory, and anti-aging properties, making them popular in beauty supplements and skincare products. Additionally, algae’s versatility has led to its growing use in sports nutrition, functional foods, and ready-to-eat meals, catering to diverse consumer groups such as athletes, the elderly, and health-conscious individuals. As more manufacturers recognize algae’s potential, its applications are rapidly expanding across industries, further solidifying its position as a sustainable and versatile protein source in Asia Pacific Algae Proteins Market.

Challenges

High Production Costs

High production costs could restrain the growth of Asia Pacific Algae Proteins Market. The cultivation and extraction processes of algae proteins, which require advanced technology and specific environmental conditions, are expensive and resource intensive. Additionally, high energy consumption, costly purification methods, and the need for specialized equipment further escalate production costs. These financial challenges make it difficult for manufacturers to offer algae protein products at competitive prices, limiting their accessibility to a broader consumer base. As a result, the market's growth potential is hindered, especially in comparison to more affordable plant-based protein alternatives.

Impact of Escalating Geopolitical Tensions on Asia Pacific Algae Proteins Market

Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of Asia Pacific Algae Proteins Market. Trade restrictions, tariffs, and disruptions in supply chains caused by conflicts can limit the availability of raw materials and hinder the export of algae products to key international markets. Additionally, political instability may lead to increased production costs, as manufacturers face higher transportation and operational expenses. These challenges could slow down investments in algae protein production and innovation, further restricting the market's expansion. As global demand for sustainable, plant-based proteins rises, such geopolitical uncertainties could delay the Asia Pacific region's ability to capitalize on this growing trend.

Asia Pacific Algae Proteins Market

Segmental Coverage

Asia Pacific Algae Proteins Market – By Source

By source, Asia Pacific Algae Proteins Market is bifurcated into Seaweed and Microalgae segments. The microalgae segment is expected to hold a higher share in Asia Pacific Algae Proteins Market by source during the forecast period. Microalgae, known for their high protein content and nutritional benefits, are becoming increasingly important as the demand for sustainable and health-oriented food sources rises. In the Asia Pacific region, countries like China, Japan, and South Korea are leading in the production and consumption of microalgae, thanks to their advancements in algae cultivation technologies and growing consumer preference for plant-based proteins. This segment benefits from its application across various industries, including dietary supplements, cosmetics, and animal feed, contributing to its significant market share. The ongoing innovations in microalgae cultivation and processing are expected to further boost the segment's growth, reinforcing its dominant position in the regional market.

Asia Pacific Algae Proteins Market – By Dosage Form

On the basis of dosage form, Asia Pacific Algae Proteins Market is divided into Capsules, Liquid, and Powder segments.

Asia Pacific Algae Proteins Market – By Application

Based on application, Asia Pacific Algae Proteins Market is divided into Dietary Supplements, Food & Beverages, Animal Feed, and Cosmetics segments. The dietary supplements segment holds the highest share in Asia Pacific Algae Proteins Market by application. The trend is driven by a significant shift toward preventive health management, as consumers increasingly prioritize health and wellness amid rising healthcare costs and a growing incidence of lifestyle-related diseases. The surge in consumer awareness about weight management and muscle strength is expected to boost the demand for dietary supplements. Consequently, this will lead to a higher demand for algae-derived ingredients such as chlorella, which are renowned for their nutritional benefits. The growing preference for health-conscious products solidifies the dominance of the dietary supplements segment in the regional algae proteins market.

Asia Pacific Algae Proteins Market Size

Asia Pacific Algae Proteins Market – By Country

The in-depth research report on the Asia Pacific Algae Proteins Market covers the market in the region’s major countries including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China holds the highest share in Asia Pacific Algae Proteins Market and is expected to maintain its dominance during the forecast period. It can be attributed to China's significant production and export capabilities, driven by increasing health and wellness awareness among its urban population and rising disposable incomes. The country is a major consumer of algae proteins, such as astaxanthin, fucoxanthin, spirulina, and chlorella, which are integral to various applications including dietary supplements, pharmaceuticals, and cosmetics. China's robust market for algae-based products is further supported by its ability to regulate product prices due to its extensive production scale. As consumer preference shifts towards sustainable and cruelty-free alternatives, China's dominance in the algae proteins market is poised to continue, bolstered by both high domestic demand and export potential.

Competitive Landscape

Major players operating in Asia Pacific Algae Proteins Market include DuPont Nutrition & Biosciences, AlgaGen, Cyanotech Corporation, Nutrex Hawaii, Parry Nutraceuticals, Biophytis, Algaecore, Sun Chlorella, and BioGaia. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

In September 2024 - The Bezos Centre for Sustainable Protein at the National University of Singapore (NUS), was inaugurated for sustainable protein research in Asia. With a USD 30 million grant from the Bezos Earth Fund, the Centre is focused on advancing research and commercialization of alternative proteins, focusing on microalgae, biomass fermentation, and hybrid foods. The initiative aims to address global food security and environmental sustainability challenges by developing proteins that match traditional meat in taste and affordability.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2030
	Base Year – 2023
	Estimated Year – 2024
	Forecast Period – 2024–2030
Facts Covered	USD Million
Market Coverage	China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC
Product/ Service Segmentation	Source, Dosage Form, Application, Country
Key Players	DuPont Nutrition & Biosciences, AlgaGen, Cyanotech Corporation, Nutrex Hawaii, Parry Nutraceuticals, Biophytis, Algaecore, Sun Chlorella, BioGaia

By Source

Seaweed
Microalgae

By Dosage Form

Capsules
Liquid
Powder

By Application

Dietary Supplements
Food & Beverage
Animal Feed
Cosmetics

By Country

China
India
Japan
South Korea
Australia & New Zealand
Indonesia
Malaysia
Singapore
Vietnam
Rest of APAC

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
Asia Pacific Algae Proteins Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Rising Demand for Plant-Based Proteins
    2. Growing Awareness of Nutritional Benefits
    3. Expanding Applications Beyond Food
  2. Restraints
    1. High Production Costs
    2. Scalability Challenges
  3. Opportunities
    1. Advancements in Cultivation Technology
    2. Favorable Regulatory Landscape
  4. Challenges
    1. Consumer Perception and Acceptance
    2. Supply Chain and Infrastructure
3. Technological Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Asia Pacific Algae Proteins Market: Marketing Strategies
Asia Pacific Algae Proteins Market: Pricing Analysis
Asia Pacific Algae Proteins Market Overview
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
    1. Seaweed
    2. Microalgae
  2. By Dosage Form
    1. Capsules
    2. Liquid
    3. Powder
    4. Others
  3. By Application
    1. Dietary Supplements
    2. Food & Beverage
    3. Animal Feed
    4. Cosmetics
    5. Others
  4. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia & New Zealand
    6. Indonesia
    7. Malaysia
    8. Singapore
    9. Vietnam
    10. Rest of APAC
China Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
India Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Japan Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
South Korea Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Australia & New Zealand Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Indonesia Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Malaysia Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Singapore Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Vietnam Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Rest of APAC Algae Proteins Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Source
  2. By Dosage Form
  3. By Application
Competitive Landscape
1. List of Key Players and Their Offerings
2. Asia Pacific Algae Proteins Company Market Share Analysis, 2023
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
Impact of Escalating Geopolitical Tensions on Asia Pacific Algae Proteins Market
Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
1. DuPont Nutrition & Biosciences
2. AlgaGen
3. Cyanotech Corporation
4. Nutrex Hawaii
5. Parry Nutraceuticals
6. Biophytis
7. Algaecore
8. Sun Chlorella
9. BioGaia
10. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1 Asia Pacific Algae Proteins Segmentation

Figure 2 Asia Pacific Algae Proteins Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2023

Figure 4 Asia Pacific Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 5 Asia Pacific Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 6 Asia Pacific Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 7 Asia Pacific Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 8 Asia Pacific Algae Proteins Market Share, By Country, By Value, 2019–2030

Figure 9 China Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 10 China Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 11 China Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 12 China Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 13 India Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 14 India Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 15 India Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 16 India Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 17 Japan Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 18 Japan Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 19 Japan Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 20 Japan Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 21 South Korea Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 22 South Korea Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 23 South Korea Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 24 South Korea Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 25 Australia & New Zealand Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 26 Australia & New Zealand Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 27 Australia & New Zealand Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 28 Australia & New Zealand Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 29 Indonesia Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 30 Indonesia Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 31 Indonesia Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 32 Indonesia Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 33 Malaysia Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 34 Malaysia Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 35 Malaysia Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 36 Malaysia Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 37 Singapore Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 38 Singapore Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 39 Singapore Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 40 Singapore Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 41 Vietnam Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 42 Vietnam Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 43 Vietnam Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 44 Vietnam Algae Proteins Market Share, By Application, By Value, 2019–2030

Figure 45 Rest of APAC Algae Proteins Market Size, By Value (USD Million), 2019–2030

Figure 46 Rest of APAC Algae Proteins Market Share, By Source, By Value, 2019–2030

Figure 47 Rest of APAC Algae Proteins Market Share, By Dosage Form, By Value, 2019–2030

Figure 48 Rest of APAC Algae Proteins Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1 Asia Pacific Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 2 Asia Pacific Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 3 Asia Pacific Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 4 Asia Pacific Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 5 Asia Pacific Algae Proteins Market Size, By Country, By Value, 2019–2030

Table 6 China Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 7 China Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 8 China Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 9 China Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 10 India Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 11 India Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 12 India Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 13 India Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 14 Japan Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 15 Japan Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 16 Japan Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 17 Japan Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 18 South Korea Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 19 South Korea Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 20 South Korea Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 21 South Korea Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 22 Australia & New Zealand Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 23 Australia & New Zealand Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 24 Australia & New Zealand Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 25 Australia & New Zealand Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 26 Indonesia Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 27 Indonesia Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 28 Indonesia Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 29 Indonesia Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 30 Malaysia Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 31 Malaysia Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 32 Malaysia Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 33 Malaysia Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 34 Singapore Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 35 Singapore Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 36 Singapore Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 37 Singapore Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 38 Vietnam Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 39 Vietnam Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 40 Vietnam Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 41 Vietnam Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 42 Rest of APAC Algae Proteins Market Size, By Value (USD Million), 2019–2030

Table 43 Rest of APAC Algae Proteins Market Size, By Source, By Value, 2019–2030

Table 44 Rest of APAC Algae Proteins Market Size, By Dosage Form, By Value, 2019–2030

Table 45 Rest of APAC Algae Proteins Market Size, By Application, By Value, 2019–2030

Table 46 DuPont Nutrition & Biosciences Company Overview

Table 47 DuPont Nutrition & Biosciences Financial Overview

Table 48 AlgaGen Company Overview

Table 49 AlgaGen Financial Overview

Table 50 Cyanotech Corporation Company Overview

Table 51 Cyanotech Corporation Financial Overview

Table 52 Nutrex Hawaii Company Overview

Table 53 Nutrex Hawaii Financial Overview

Table 54 Parry Nutraceuticals Company Overview

Table 55 Parry Nutraceuticals Financial Overview

Table 56 Biophytis Company Overview

Table 57 Biophytis Financial Overview

Table 58 Algaecore Company Overview

Table 59 Algaecore Financial Overview

Table 60 Sun Chlorella Company Overview

Table 61 Sun Chlorella Financial Overview

Table 62 BioGaia Company Overview

Table 63 BioGaia Financial Overview

Market Segmentation

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Asia Pacific Algae Proteins Market

Asia Pacific Algae Proteins Market

Report Overview

Market Segmentation

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