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Chlorella Market: Drivers & TrendsMRFR, in their endeavor to list various triggers, has enlisted demands of healthy food products, along with increasing popularity of naturally derived high nutritional value, which is driving the global chlorella market in substantial ways.
Apart from this, the rising consumer demand for health supplements and organic food commodities are playing pivotal in getting the global chlorella market going remarkably. Recent increasing sale of chlorella due to celebrity endorsements and product promotions is also raising many eyebrows and hence influencing the market in substantial ways.
The report further includes several factors such as rising consumer demand for health supplements, and organic food commodities are also main market drivers. However, in the latest time, there has been a significant shift of consumers regarding food consumption pattern, which is backed up by increasing disposable income is outstandingly propelling the growth of the global chlorella market in the foreseen years.
On top of it, high consumer demand is the key area of focus that is encouraging the market players to enter the chlorella market and capitalize growth with high revenues. Research & development based on technology strides is another major factor catalyzing the global chlorella market and has also helped in bringing innovations to the wide range of products line.
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Market Insights
High demand for healthy and naturally derived food products has ushered several changes in the food industry that can ensure the burgeoning of global chlorella market. On this note, Market Research Future (MRFR) has published a recent report stating that global chlorella market can expect a substantial by 2023.
Chlorella is considered to be close substitute spirulina and is mainly obtained from green edible algae. It contains high protein content and widely used as a protein supplement for human consumption.
Key Players
Prominent players in the global chlorella market are listed as-
• Tianjin Norland Biotech Co., Ltd. (China)
• Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
• Sun Chlorella Corp (Japan)
• FEMICO (Taiwan)
• Yaeyama Chlorella (Japan)
• Kingherbs, Inc. (U.S.)
• Vedan Enterprise Corp. (Taiwan)
Industry News
22nd May 2019: An algae innovation firm created a groundbreaking platform that offers color and scent controlled high-performance microalgal for healthy and tasty food and drink. This has been launched at Vitafoods Europe.
Market Segmentation
The global chlorella market has been segmented by origin, form, and application.
Origin-wise segmentation of the market includes organic, conventional. Conventional chlorella holds a major share, owing to ease in production and lower maintenance cost.
Form-wise segmentation of the market includes powder, liquid, tablet/capsules, others. Among these segments, powder segment leads the global market, which is based on high shelf life and convenient storage of the product.
Application-wise segmentation of the market includes food & beverages, pharmaceuticals, animal feed, others. Among these, food and beverages application grab the major share of the market owing to the rising health consciousness among people along with high demand for healthy food products.
Regional Outlook
Geographically, the Global Chlorella Market comprises regions, namely North America, Europe, Asia Pacific, and the rest of the world (ROW).
The Asia Pacific accounts for the major market share and is expected to retain its premier position followed by North America with the rising consumption of protein supplements in the countries of these regions. This is resulting in the high production of chlorella. Apart from this, changing food consumption pattern is also impacting the market growth as it is anticipated to generate high revenue in the given foreseen period.
Furthermore, the rising population of health-conscious consumers is also anticipated to trigger the sale of chlorella across the regions during the assessment period. Increase in imports of chlorella in China, Japan, the U.S., Thailand, and Australia are triggering the growth of the regional market.
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Contact Info:
Name: Abhishek
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/chlorella-market-4413
Release ID: 88910714
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