TOP 10 COMPANIES IN EUROPE CHLORELLA MARKET
Added: (Wed Jan 03 2024)
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The Europe Chlorella Market is poised for a substantial upswing, with a projected value of $240.3 million by 2030, demonstrating a noteworthy Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2030. In parallel, the market volume is anticipated to reach 14,939.8 tons by 2030, boasting an impressive CAGR of 8.2% over the same forecast period.
The driving forces behind this market surge include the development of innovative chlorella-based food and beverage products, a pronounced shift in consumer preferences towards health, wellness, and protein-rich diets, and the expanding nutraceuticals industry coupled with the rise of vegetarianism. Furthermore, the escalating demand for chlorella extracts is expected to open growth avenues for players in the Europe chlorella market. However, challenges such as contamination risks, high production costs, and the intricacies of algae product production remain potential hurdles to market growth.
Key Market Dynamics:
The market's growth is fueled by innovative chlorella-infused food and beverage offerings and the increasing focus on health-conscious and protein-rich dietary choices.
The nutraceuticals industry and growing vegetarianism contribute significantly to market expansion.
Opportunities arise from the rising demand for chlorella extracts.
Top 10 Companies Paving the Way in the Europe Chlorella Market: https://meticulousblog.org/top-10-companies-in-europe-chlorella-market/
1. E.I.D. Parry (India) Limited
Engaged in the manufacturing of sugar, biopesticides, and nutraceuticals, offering organic spirulina, chlorella, astaxanthin, and microalgal products.
2. C.B.N. Bio-engineering Co., Ltd (China)
Specializes in R&D, manufacturing, and selling spirulina, chlorella, and haematococcus pluvialis, offering organic spirulina and chlorella powders.
3. DAESANG Corporation (South Korea)
Produces a variety of food products, including microalgae-based chlorella products for functional food, dietary supplements, aquaculture feed, and pet food industries.
4. Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
Engaged in the breeding, production, sales, and scientific research of algae, offering spirulina and chlorella products, including phycocyanin.
5. Allmicroalgae Natural Products S.A. (Portugal)
Cultivates microalgae for supplements, food, and feed applications, offering chlorella and spirulina ingredients.
6. Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan)
Specializes in chlorella production and distribution of chlorella-based products, including tablets, extract, and powder.
7. Bluetec Naturals CO., LTD. (China)
Manufactures algae products, providing phycocyanin, chlorella, astaxanthin, and spirulina extracts with certifications like FSSC22000, ISO9001, HACCP, BRC, Organic, Kosher, and Halal.
8. Yunnan Green A Biological Project Co., Ltd. (China)
Develops, breeds, produces, and markets microalgae-based health products, offering spirulina, chlorella, and Haematococcus pluvialis in various forms.
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9. BlueBioTech Group (Germany)
Engaged in microalgae research, production, and distribution of microalgae-based products, including Spirulina platensis, astaxanthin-containing microalgae Haematococcus pluvialis, Chlorella pyrenoidosa, and Dunaliella salina.
10. Aliga Microalgae (Denmark)
A food-tech company specializing in the development, cultivation, and production of functional and protein-rich ingredients from algae, offering chlorella, spirulina, and astaxanthin in various forms.
Meticulous Research, in its latest publication on Europe Chlorella Market, predicts a growth rate of 7.2% during the forecast period of 2023-2030. This forecast reflects the market's promising potential, driven by consumer trends, health awareness, and the diverse applications of chlorella-based products.
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