Chlorella Market (2024-2031)
The Chlorella Market is expected to reach $639.7 million by 2031, at a CAGR of 6.3% from 2024 to 2031. In terms of volume, the chlorella market is expected to reach 43,810 tons by 2031, at a CAGR of 7.4% from 2024 to 2031.
- Published
- Jun 2024
- Pages
- 230
- Format
- PDF + Excel
- Report ID
- MRFB - 104468
- Base year
- 2023
- 2031 · FORECAST
- $639.7M
- 2031
- $639.7M
- CAGR 2024–2031
- 6.3%
2023 baseline · 2024–2031 forecast at 6.3% CAGR · hover a bar for the value
Key highlights
By Cultivation Method: In 2024, the Autotrophic Cultivation Segment to Dominate the Chlorella Market
By Product: In 2024, the Powder Segment to Dominate the Chlorella Market
By Source: In 2024, the Chlorella Vulgaris Segment to Dominate the Chlorella Market
By Application: In 2024, the Nutraceutical Segment to Witness Highest Demand During the Forecast Period
By Distribution Channel: In 2024, the Business-to-Business (B2B) Segment to Witness Highest Demand During the Forecast Period
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | 230 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 6.3% |
| Market Size (Value) | USD 639.7 Million by 2031 |
| Market Size (Volume) | 43,810 Tons by 2031 |
| Segments Covered | By Cultivation Method · Autotrophic Cultivation · Open-pond Autotrophic Cultivation · Closed-pond Autotrophic Cultivation · Heterotrophic Cultivation · By Product · Powder · Tablets · Chlorella Extracts · Capsules · Other Chlorella Products · By Source · Chlorella Vulgaris · Chlorella Pyrenoidosa or Sorokiniana · Other Sources · By Application · Nutraceuticals · Food & Beverages · Animal Feed · Cosmetics · Other Applications · By Distribution Channel · Business-to-Business (B2B) · Business-to-Consumer (B2C) · Offline Channel · Online Channel |
| Countries Covered | North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Netherlands, Denmark, Sweden, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), and Middle East & Africa |
| Key Companies | Fuqing King Dnarmsa Spirulina Co., Ltd. (China), E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), JIANGSHAN COMP SPIRULINA CO.,LTD (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan), Sun Chlorella Corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech Co., Ltd (China), Phycom BV (Netherlands), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), TAIWAN WILSON ENTERPRISE INC. (Taiwan), DAESANG Corporation (Korea), Seagrass Tech Private Limited, Plankton Australia Pty Limited (Australia), Hangzhou Ouqi Food Co., Ltd. (China), Far East Microalgae Industries, Co., Ltd.(FEMICO) (Taiwan), Qingdao Haizhijiao Biotechnology Co., Ltd (China), Pond Technologies Inc. (Canada), Necton S.A. (Portugal), and Astaxa GmbH (Germany). |
Report overview
Segments covered: cultivation method, product, source, application, distribution channel. Regions: North America, Europe, Asia-Pacific, Latin America.
The growth of this market can be attributed to several factors, including the growing inclination of consumers toward a protein-rich diet, the increasing health and wellness trend, the development of innovative chlorella food & beverage products, the growing nutraceutical industry, and growing vegetarianism. Moreover, the growing demand for chlorella extracts is expected to offer growth opportunities for the players operating in this market.
Report infographic
Market dynamics
4 factors across 3 forcesDevelopment of Innovative Chlorella Food & Beverages Products
Chlorella is a food source rich in protein and other essential nutrients. When dried, it has about 42–58% protein, 9.3% fat, and 23.2% carbohydrate by weight, along with chlorophyll, antioxidants, fiber, and numerous minerals and vitamins. The most common claims for food & beverage products containing chlorella are ‘Natural’ (GMO-free, organic, no additives, etc.) and ‘Suitable For’ (low/no/reduced allergens, gluten-free, no animal ingredients, etc.).
Consumers are becoming more health-conscious and very demanding, especially regarding the label information on F&B products that claim to improve health. Consumers’ desire for a healthy life, high disposable incomes, and increasing health concerns drive the consumption of healthy and functional foods. As a result, consumers increasingly prefer nutritious food products as they meet their nutritional needs, prevent nutrition-related diseases, and enhance their physical and mental health. According to Food and Drink Europe, food and beverage sales in Europe reached USD 1.3 trillion (EUR 1.1 trillion) in 2021. Therefore, the demand for natural and healthy food products containing chlorella continues to grow in Europe. In July 2022, Aliga Microalgae (Denmark) launched its white chlorella algae ingredient in Europe. The product can be used in various formulations, ranging from meat & seafood analogs and hybrids to savory, bakery, and vegan dairy products. Thus, the development of innovative food & beverage products containing chlorella is driving the growth of the chlorella market.
Consumer Inclination Towards Health & Wellness Trends
Consumers are increasingly focused on living longer and healthier. Their preferences have shifted toward more natural and organic foods free from additives or preservatives. Also, well-being has become nothing short of a global movement, as consumers seek to ensure healthy lives for as long as possible, particularly as average lifespans continue to rise. Chlorella is a type of algae that packs a big nutrient punch, as it is a good source of several vitamins, minerals, and antioxidants. Research shows that chlorella can help shuttle toxins out of the body and improve cholesterol and blood sugar levels, besides providing other health benefits. Increasing industrialization, urbanization, economic development, and globalization have driven changes in dietary habits and lifestyles, with a significant impact on populations' health and nutritional status, particularly in developing countries.
As the consumption of healthy and convenient food products continues to grow, the demand for chlorella for use in products with ‘natural’ and health claims, such as ‘GMO-free,’ ‘organic,’ and ‘no additives,’ is expected to increase significantly. Since chlorella is rich in protein and other essential nutrients, such as antioxidants, chlorophyll, vitamins, minerals, and fiber, changing food preferences and increasing health consciousness among consumers are expected to drive the growth of this market.
Table of contents
13 chapters · 140 sections · 230 pages · click to expandSegmental analysis
| Segment | Largest share (2024) | Fastest growth (2024–2031) |
|---|---|---|
| By Cultivation Method | Autotrophic Cultivation | Heterotrophic cultivation |
| By Product | Powder | Chlorella extracts |
| By Source | Chlorella Vulgaris | Chlorella pyrenoidosa or sorokiniana |
| By Application | Nutraceuticals | — |
| By Distribution Channel | Business-to-business | Business-to-consumer |
By Cultivation Method
- The autotrophic cultivation segment is expected to account for the larger share of 95.4% of the chlorella market.
- The large market share of this segment is mainly attributed to factors such as the easy construction & management of open ponds, the inexpensive methods used to deliver large-scale biomass production, and exposure of the culture to sunlight.
- Besides, chlorella production in open ponds by major chlorella-producing countries, such as Germany, Japan, China, the Czech Republic, and Taiwan, is expected to boost chlorella production.
- Moreover, autotrophic cultivation is further segmented into open-pond autotrophic cultivation and closed-pond autotrophic cultivation.
- The open-pond autotrophic cultivation segment is expected to account for the larger share of 82.2% of the autotrophic cultivation market, owing to the easy construction and management of open ponds, low cost for large-scale biomass production, and more exposure of the culture to sunlight than heterotrophic.
- However, the heterotrophic cultivation segment is projected to witness the highest growth rate of 8.8% during the forecast period of 2024–2031 due to its higher productivity, lower risk of contamination, low water consumption, low space usage, and excellent purity of the biomass.
- Furthermore, its use to obtain higher cell concentrations and products that are more suitable for producing pure pharmaceuticals, nutraceuticals, and cosmetics is driving the demand for heterotrophic cultivation in the market.
By Product
- The Powder Segment to Dominate the Chlorella Market
- The powder segment is expected to account for the largest share of 69.9% of the chlorella market.
- The large market share of this segment is mainly attributed to its strong coloring ability, the growing number of health-conscious customers, and chlorella powder's ability to get rid of heavy metal & ash content like mercury from the body.
- Furthermore, the use of chlorella powder in chlorella tablets, chlorella capsules, extracts, instant noodles, dumplings, bakery, beverages, ice cream, and dietary supplements is driving its demand in the market.
- Also, due to the powder's free flow property, it can blend easily with any product and dissolve uniformly, making it the most preferred form of chlorella for consumption.
- However, the chlorella extracts segment is projected to witness the highest growth rate of 9.1% during the forecast period of 2024–2031 due to the growing demand for chlorella from functional food and supplement manufacturers and the presence of high levels of water-based nutrients, such as essential amino acids, vitamin A, B vitamins, iron, calcium, chlorophyll, lutein, and zeaxanthin.
- In addition, chlorella extracts have a higher solubility and improved taste, further supporting the growth of the segment.
By Source
- The chlorella vulgaris segment is expected to account for the largest share of 53.3% of the chlorella market.
- The large market share of this segment is attributed to the growing demand for novel and naturally flavored plant-based protein-rich ingredients and growing application in the biofuel industry.
- Further, the various advantages over other sources, such as having high lipid productivity, devoid of seasonal changes, less water & land requirement, and greater photosynthetic efficiency, make it more sustainable.
- Besides, chlorella vulgaris is pegged as a healthy, natural, and sustainable superfood with immune-boosting properties, further propelling the market growth.
- However, the chlorella pyrenoidosa or sorokiniana segment is projected to register the highest CAGR of 6.4% during the forecast period of 2024–2031.
- The growth of this segment is driven by its ability to grow quickly, the higher concentration of some vitamins and amino acids, like choline, higher protein content, and provides natural detoxification for immune support.
By Application
- The Nutraceutical Segment to Witness Highest Demand During the Forecast Period
- The nutraceuticals segment is expected to account for the largest share of 66.5% of the chlorella market.
- The large market share of this segment is mainly attributed to the properties and advantages of chlorella as an ideal health product that regulates immune effects and balances the body.
- Also, growing curiosity among customers about ‘healthy food’ or nutrition-rich food drives chlorella's demand in the nutraceutical industry.
- Moreover, this segment is projected to register the highest CAGR of 6.3% during the forecast period of 2024–2031.
- The growth of this segment is driven by the growing curiosity among customers about ‘healthy food’ or nutrition-rich food and the properties and advantages of chlorella as an ideal health product that integrates metabolism, balances the body, and regulates immune effects.
- Also, extracts of chlorella have possessed diverse antitumor, antioxidant, anti-inflammatory, and antimicrobial activities, which have gained a good reputation from consumers and ultimately drive demand for chlorella in the nutraceutical industry.
By Distribution Channel
- The Business-to-Business (B2B) Segment to Witness Highest Demand During the Forecast Period
- The business-to-business segment is expected to account for the largest share of 68.7% of the chlorella market.
- The large market share of this segment is mainly attributed to the huge purchase of bulk chlorella by various manufacturers, such as nutraceuticals, food and beverages, and animal feed, among others, for further product development (finished product).
- However, the business-to-consumer segment is projected to register the highest CAGR of 7.1% during the forecast period of 2024–2031.
- The growth of this segment is mainly attributed to factors such as the opportunity to engage directly with its consumers, get a better understanding of their needs, and deliver a tailored and personalized experience.
Geographic analysis
Europe
Largest shareIn 2024, Europe is expected to account for the largest share of 38.0% of the chlorella market, followed by North America and Asia-Pacific. Europe's chlorella market is estimated to be worth USD 158.6 million in 2024. The large share of this region is mainly attributed to the rising demand for chlorella in cosmetic and personal care items; consumers willing to pay higher prices for more natural, less processed, and environment-friendly products; and growing attraction among consumers for natural food products. Additionally, the desire for a healthy life, changing food consumption patterns in favor of functional food, high disposable income, and an increase in various chronic diseases due to the growing aging population boost the demand for chlorella in the region. Moreover, this region is slated to register the highest CAGR of 7.2% during the forecast period of 2024–2031, mainly due to the growing vegetarian population, increasing demand for vegan cosmetics products, growing consumption of natural food products, and increasing spending on health and wellness products.
Competitive landscape
- February 2023
Sun Chlorella relaunched its Astarella, formerly known as Megami, which has three additional functional claims.
- August 2022
Aliga acquired Duplaco B.V. (Netherlands), a microalgae production facility, including its product portfolio and material rights. This acquisition will help Aliga increase its production capacity of white chlorella ingredients.
- June 2021
Allmicroalgae partnered with Portugal Foods (Portugal) to strengthen and promote its international, commercial, and industrial network.
- Fuqing King Dnarmsa Spirulina Co., Ltd. · China
- JIANGSHAN COMP SPIRULINA CO., LTD · China
- Inner Mongolia Rejuve Biotech Co., Ltd. · China
- Bluetec Naturals CO., LTD. · China
- Taiwan Chlorella Manufacturing Company (TCMC) · Taiwan
- Sun Chlorella Corporation · Japan
- Roquette Klötze GmbH & Co. KG · Germany
- Gong Bih Enterprise Co., Ltd. · Taiwan
- Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) · Japan
- Vedan Biotechnology Corporation · Taiwan
- AlgoSource · France
- Tianjin Norland Biotech Co., Ltd · China
- Phycom BV · Netherlands
- Allmicroalgae Natural Products S.A. · Portugal
- Aliga Microalgae · Denmark
- TAIWAN WILSON ENTERPRISE INC. · Taiwan
- DAESANG Corporation · Korea
- Seagrass Tech Private Limited
- Plankton Australia Pty Limited · Australia
- Hangzhou Ouqi Food Co., Ltd. · China
- Far East Microalgae Industries, Co.
- Ltd.(FEMICO) · Taiwan
- Qingdao Haizhijiao Biotechnology Co., Ltd · China
- Pond Technologies Inc. · Canada
- Necton S.A. · Portugal
- Astaxa GmbH · Germany
Frequently asked questions
Chlorella is a genus of green algae that have a spherical shape. The cultivation of chlorella involves relatively limited resources. Some of the main applications of the genus chlorella are in biofuels (biodiesel, biomethane, and biohydrogen), cosmetics (skincare), supplementary foods (polyunsaturated fatty acids), pigments (carotenoids and chlorophyll), and waste-water treatments (reduction of chemical oxygen demand and bioremediation).
There are many nutritional benefits of chlorella. It contains around 50% complete protein with around 70% net protein digestibility. It can detoxify the body of heavy metals such as cadmium, lead, mercury, and uranium. Other benefits include boosting the immune system, having antioxidant properties, improving the glucose uptake in cells, reducing blood pressure, improving insulin resistance, preventing gastric ulcers, reducing fibromyalgia pain, and protecting against radiation poisoning.
Chlorella is high in chlorophyll, B vitamins, vitamin E, folate, calcium, magnesium, zinc, potassium, iron, and phosphorus. It also contains trace minerals such as omega-3 fatty acids, while it has mucopolysaccharides, beta-carotene, and nucleic acids.
The chlorella market study provides valuable insights such as market size and forecast in terms of both value and volume by product, source, country/region, and in terms of value for segmentation based on cultivation method, application, and distribution channel.
Cite this report
Meticulous Research. (2024). Chlorella Market - Global Opportunity Analysis and Industry Forecast (2024-2031) (Report No. MRFB - 104468). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/chlorella-market-5162