The global chlorella market is expected to grow at a CAGR of 6.3% from 2022 to 2028, reaching a value of US$ 412.3 million by 2028. The growth of the chlorella market is attributed to a number of factors.

Chlorella is a single-celled green algae that is a nutrient-rich superfood. It is a good source of protein, vitamins, minerals, and antioxidants. Chlorella is also known to have detoxification and immune-boosting properties.

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The chlorella market is expected to grow at a significant rate in the coming years, driven by a number of factors, including:

  • Increasing awareness of the health benefits of chlorella
  • Growing demand for plant-based protein sources
  • Rising trend of veganism and vegetarianism
  • Expanding use of chlorella in food and beverage products

Chlorella is currently used in a variety of products, including dietary supplements, food and beverage products, cosmetics, and animal feed. The most common form of chlorella is powder, but it is also available in tablets, capsules, and liquid extracts.

North America is currently the largest market for chlorella, followed by Europe and Asia Pacific. Asia Pacific is expected to be the fastest-growing market for chlorella in the coming years, driven by increasing awareness of the health benefits of chlorella and rising disposable incomes.

Chlorella Market Key Takeaways:

  • The global chlorella market is expected to grow at a CAGR of 6.3% from 2022 to 2028, reaching a value of US$ 412.3 million by 2028.
  • The growth of the market is attributed to factors such as the increasing awareness of the health benefits of chlorella, the growing demand for plant-based protein, and the rising popularity of vegetarian and vegan diets.
  • The nutraceutical segment is expected to account for the largest share of the market during the forecast period, followed by the food and beverage and animal feed segments.
  • North America is expected to remain the largest market for chlorella, followed by the Asia Pacific region.

Key Players:

  • Sun Chlorella Corporation
  • Parry Nutraceuticals
  • Cyanotech Corporation
  • JX Nippon Oil & Energy Corporation
  • E.I.D. Parry India Limited
  • Algatech Ltd.
  • Taiyo Kagaku Co., Ltd.
  • Hebei Jintong Pharmaceutical Co., Ltd.
  • Binzhou Jereh Group Co., Ltd.
  • Shandong Tiancheng Group Co., Ltd.
  • Zhejiang Aonong Biotechnology Co., Ltd.

Chlorella Market Segmentation:

By Technology:

  • Open Pond
  • Closed Photobioreactor

By Product Type:

  • Extract
  • Powder
  • Capsule
  • Tablet

By Source:

  • Chlorella Vulgaris
  • Chlorella Pyrenoidosa
  • Chlorella Sorokiniana

By Application:

  • Nutraceutical
  • Food and Beverage
  • Animal Feed

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa