The global chlorella market is anticipated to grow at a CAGR of 8% between 2022 and 2032 to reach a market size of US$ 198.5 Million in 2022 and eventually US$ 427.7 Million. The rising use of chlorella across a variety of end use sectors can be related to the growth of the chlorella market. The historical period from 2016 to 2021 saw a CAGR of 7.5% on the chlorella market.
It is also helpful in treating colitis, ulcers, Crohn’s disease, and diverticulosis by increasing the amount of good bacteria in the gastrointestinal (GI) tract. Chlorella used for human consumption is cultivated outdoors in mineral-rich freshwater ponds under direct sunlight. The entire cultivation process is closely monitored by biologists in order to ensure optimum nutrient value and product quality.
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Market Segmentation:
The chlorella market is segmented on the basis of its applications in different industries such as food and beverage industry, pharmaceutical industry, personal care industry, and other applications. In the food and beverage industry, chlorella is majorly used as a food supplement, consumed in order to reduce cancer from spreading, improve immunity, lower blood cholesterol and maintain a good balance of bacteria in the gut.
Similarly, in the pharmaceutical industry, chlorella is used to treat constipation, hypertension, diabetes, hypoglycemia, asthma, fibromyalgia, high blood pressure and high cholesterol along with other gastrointestinal disorders. In the personal care industry, skin care creams, lotions and hair care products use chlorella as a key source of chlorophyll. It is also used in cosmetic products as an added pigmentation ingredient.
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The chlorella market is further segmented on the basis of type. The two major types of chlorella include organic chlorella and inorganic chlorella. The major difference between organic and inorganic chlorella depends on how and where the chlorella is cultivated and processed. Organic chlorella is cultivated using organic nutrients whereas the non-organic chlorella is cultivated using inorganic nutrients.
Market Regional Outlook:
On the basis of regions, the chlorella market has been segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. In regional markets Asia Pacific is the largest producer and consumer of chlorella. China, Japan, Taiwan, and Korea are among the largest markets for the chlorella market. Japan is the leading consumer of chlorella across the globe. The market for chlorella in the North American and European region is still in the growth stage.
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Market Drivers and Trends:
Growing market for personal care and cosmetic products has played a major role in fuelling the growth of the chlorella market across the globe. Chlorella works as an ingredient responsible for adding pigmentation in cosmetic products. Moreover, chlorella also is a key source of chlorophyll used in personal care products such as skin care creams, lotions, and hair care products.
Increasing number of health conscious customers also has driven the growth of the chlorella market globally. Chlorella helps in improving immunity, reducing gastric ulcers, lowering blood sugar levels, lowering cholesterol, and increase hemoglobin concentrations. These factors have helped in driving the market for chlorella across the globe.
Another factor responsible for the growth of the global chlorella market is the growing government support for organic farming in different regions across the globe. This has further led to a rise in chlorella cultivation and hence driven the market for chlorella across the globe.
Chlorella Market Key Players:
Some of the key players in chlorella market include Sun Chlorella Corp, Vedan Enterprise, FEMICO, International Chlorella, Taiwan Chlorella Manufacturing Company, Yaeyama Chlorella, Gong Bih Enterprise, Fuqing King Dnarmsa Spirulina, Like Chlorella Biotech, Jiangxi Mingjun, Guangzhou Jinqiu Chlorella, Dongtai City Spirulina Bio-engineering, Shandong Enkang, Tianjin Norland Biotech, and Ivanqi. The Taiwan Chlorella Manufacturing company is the largest chlorella producer in the world.
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The report covers exhaustive analysis on:
- Chlorella Market Segments
- Chlorella Market Dynamics
- Historical Actual Market Size, 2014 – 2015
- Chlorella Market Size & Forecast 2016 to 2026
- Chlorella Market Supply & Demand Value Chain
- Chlorella Market Current Trends/Issues/Challenges
- Chlorella Players Competition & Companies involved
- Chlorella Market Technology
- Chlorella Market Value Chain
- Chlorella Market Drivers and Restraints
Regional analysis for Global Smart Virtual Personal Assistants Market includes
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Western Europe
- Germany
- France
- U.K
- Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of the Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- China
- India
- ASEAN
- Australia and New Zealand (ANZ)
- Rest of APEJ
- Japan
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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