Europe Chlorella Market (2023-2030)
Europe Chlorella Market is projected to reach $240.3 million by 2030, at a CAGR of 7.2% from 2023 to 2030. In terms of volume, the europe chlorella market is projected to reach 14,939.8 tons by 2030, at a CAGR of 8.2% from 2023 to 2030.
- Published
- Apr 2023
- Pages
- 186
- Format
- PDF + Excel
- Report ID
- MRFB - 104806
- Base year
- 2022
- 2030 · FORECAST
- $240.3M
- 2030
- $240.3M
- CAGR 2023–2030
- 7.2%
2022 baseline · 2023–2030 forecast at 7.2% CAGR · hover a bar for the value
Key highlights
In 2023, the Autotrophic Cultivation Segment is Expected to Dominate the Europe Chlorella Market
In 2023, the Powder Segment is Expected to Dominate the Europe Chlorella Market
In 2023, the Chlorella Vulgaris Segment is Expected to Dominate the Europe Chlorella Market
In 2023, the Nutraceuticals Segment is Expected to Dominate the Europe Chlorella Market
In 2023, the Business-to-Business (B2B) Segment is Expected to Dominate the Europe Chlorella Market
In 2023, Germany is Expected to Dominate the Europe Chlorella Market
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 240.3 million |
| CAGR (2023–2030) | 7.2% |
| Format | PDF, Excel & Cloud Portal · 186 pages |
| Segments Covered | By Product: Powder, Tablets, Extract, 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 · By Cultivation Method: Autotrophic |
| Countries Covered | Europe (Germany, France, U.K., Italy, Spain, Netherlands, Denmark, Sweden, Rest of Europe) |
| Key Companies | C.B.N. Bio-Engineering Co., Ltd, JIANGSHAN COMP SPIRULINA CO., LTD, DAESANG Corporation, Fuqing King Dnarmsa Spirulina Co., Ltd. China), Taiwan Chlorella Manufacturing Company (TCMC), AlgoSource, Bluetec Naturals CO., LTD., Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd), Sun Chlorella Corporation, Roquette Klötze GmbH & Co. KG, Inner Mongolia Rejuve Biotech Co., Ltd., Tianjin Norland Biotech Co., Ltd, Far East Microalgae Industries, Co., Ltd.(FEMICO), Far East Bio-Tec. Co., Ltd. (FEBICO), Allmicroalgae Natural Products S.A., Aliga Microalgae, Necton S.A., BlueBioTech Group, Qingdao Haizhijiao Biotechnology Co., Ltd, Pond Technologies Inc., Hangzhou OuQi Food co., Ltd., Reed Mariculture Inc. (U.S.), Vedan Biotechnology Corporation, Phycom BV, TAIWAN WILSON ENTERPRISE INC., Gong Bih Enterprise Co., Ltd., Astaxa GmbH |
Report overview
Segments covered: product, source, application, distribution channel, cultivation method. Regions: Europe.
The growth of this market is mainly driven by the development of innovative chlorella food and beverage products, the inclination towards health and wellness trends and the growing nutraceuticals industry, vegetarianism, and consumers’ inclination towards a protein-rich diet. However, the risk of contamination, high production cost, and complex production of algae products restrain the growth of this market. Moreover, the growing demand for chlorella extracts is expected to create growth opportunities for the players operating in the Europe chlorella market.
Europe's population has become more health conscious and is increasingly adopting nutritional supplements to achieve dietary goals. For instance, according to the Food Supplements Europe survey conducted in 2021 across 14 EU countries, 52% of 13,200 respondents consumed supplements to maintain their overall health. Additionally, the demand for natural and organic products has grown, and so has the demand for plant-based products and functional foods due to the rapidly increasing geriatric population in Europe. According to Eurostat, in 2022, approximately 21.1% of the population in the EU was aged 65 or above. Thus, the growing demand for nutraceuticals is expected to drive the demand for the chlorella market.
Further, chlorella is a scientifically researched algae with many publications from medical institutions, research institutions, and universities. It has also been found to boost the immune system, reduce the intensity of many chronic health problems, and reduce the side effects of medications. Its detoxifying, nourishing, and revitalizing properties enable the body’s natural defenses and repair systems to function more efficiently. Thus, increasing the sales of nutritional supplements and nutraceutical properties of chlorella are compelling the Europe chlorella market.
Report infographic
Table of contents
13 chapters · 124 sections · 186 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Cultivation Method | Autotrophic Cultivation | — |
| By Product | Powder | — |
| By Source | Chlorella Vulgaris | — |
| By Application | Nutraceuticals | — |
| By Distribution Channel | Business-to-Business (B2B) | — |
By Cultivation Method
- The autotrophic cultivation segment is segmented into open-pond autotrophic cultivation and closed-pond autotrophic cultivation.
- The autotrophic cultivation segment is expected to account for the larger share of the Europe chlorella market.
- The large market share of this segment is mainly attributed to the easy implementation and management of open ponds and the low cost of large-scale biomass production.
- The increasing production of chlorella in open ponds by major chlorella-producing countries, such as Germany, Japan, China, the Czech Republic, and Taiwan, is expected to boost the growth of the autotrophic cultivation segment.
By Product
- The powder segment is expected to account for the largest share of the Europe chlorella market.
- The large market share of this segment is mainly attributed to the growing usage of chlorella powder as a strong coloring agent, the growing number of health-conscious consumers, increasing demand from the food & beverages industry to use it as an ingredient, and the ability of chlorella powder to get rid of heavy metal and ash content like mercury from the body.
By Source
- The chlorella vulgaris segment is expected to account for a larger share of the Europe chlorella market.
- The large market share of this segment is mainly attributed to the growing demand for novel and naturally flavored plant-based protein-rich ingredients and growing applications in the biofuel industry.
- Moreover, it is more sustainable than other sources because of its high lipid yield without seasonal variations, low water and land requirements, and higher photosynthetic efficiency.
- These are the factors expected to drive the demand for chlorella vulgaris.
By Application
- The nutraceuticals segment is expected to account for the largest share of the Europe chlorella market.
- The large market share of this segment is mainly attributed to the increasing consumer awareness regarding the health benefits of chlorella, growing demand for functional foods, and the advantages of chlorella as an ideal health product that integrates metabolism, balances the body, and regulates immune effects.
- Moreover, this segment is projected to register the highest CAGR during the forecast period.
By Distribution Channel
- The business-to-business (B2B) segment is expected to account for the larger share of the Europe 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.
- The B2B demand for chlorella in Europe is expected to continue to grow in the coming years, driven by factors such as increasing consumer demand for natural and plant-based products and the expanding use of chlorella in various industries.
Geographic analysis
Europe
Largest shareGeographically, the Europe chlorella market is segmented into Germany, France, the U.K., Italy, Spain, the Netherlands, Denmark, Sweden, and the Rest of Europe. In 2023, Germany is expected to account for the largest share of the Europe chlorella market. The large share of this market is mainly attributed to the growing vegetarian population, rising consumer awareness about the health and environmental impacts of conventional meat and animal welfare, and rising technological advancements in chlorella production. In 2023, Germany is Expected to Dominate the Europe Chlorella Market Europe Chlorella Market, Cultivation Method Autotrophic Cultivation Open Pond Autotrophic Cultivation Closed Pond Autotrophic Cultivation
Competitive landscape
- C.B.N. Bio-Engineering Co., Ltd · China
- JIANGSHAN COMP SPIRULINA CO., LTD · China
- DAESANG Corporation · Korea
- Fuqing King Dnarmsa Spirulina Co., Ltd. China)
- Taiwan Chlorella Manufacturing Company (TCMC) · Taiwan
- AlgoSource · France
- Bluetec Naturals CO., LTD. · China
- Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) · Japan
- Sun Chlorella Corporation · Japan
- Roquette Klötze GmbH & Co. KG · Germany
- Inner Mongolia Rejuve Biotech Co., Ltd. · China
- Tianjin Norland Biotech Co., Ltd · China
- Far East Microalgae Industries, Co.
- Ltd.(FEMICO) · Taiwan
- Far East Bio-Tec. Co., Ltd. (FEBICO) · Taiwan
- Allmicroalgae Natural Products S.A. · Portugal
- Aliga Microalgae · Denmark
- Necton S.A. · Portugal
- BlueBioTech Group · Germany
- Qingdao Haizhijiao Biotechnology Co., Ltd · China
- Pond Technologies Inc. · Canada
- Hangzhou OuQi Food co., Ltd. · China
- Reed Mariculture Inc. (U.S.)
- Vedan Biotechnology Corporation · Taiwan
- Phycom BV · Netherlands
- TAIWAN WILSON ENTERPRISE INC. · Taiwan
- Gong Bih Enterprise Co., Ltd. · Taiwan
- Astaxa GmbH · Germany
Frequently asked questions
Chlorella is a genus of green algae that have a spherical shape. It is a good source of protein, fats, carbohydrates, fiber, chlorophyll, vitamins, and minerals. It is mainly used in nutraceuticals, food & beverages, animal feed, cosmetics, and other applications. This report covers the market sizes & forecasts of the chlorella market based on cultivation method, source, product, application, distributional channel, and geography. This chlorella market report involves the value analysis of various segments and subsegments of chlorella at the country level.
Cite this report
Meticulous Research. (2023). Europe Chlorella Market - Regional Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MRFB - 104806). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/europe-chlorella-market-5490