Market Highlights
Global Chlorella Market is projected to reach 5,430.0 Thousand Kg by 2025, expanding at a CAGR of 2.8% during the forecast period. Chlorella is a microscopic green alga that is high in protein content. The rising demand for natural ingredients in application industries and hike in the adoption of chlorella supplements are driving the growth of the market. However, the high costs associated with the production of chlorella are restraining market growth.
Asia-Pacific constituted a dominant share of the chlorella market in 2018 owing to the booming food & beverage industry. China, followed by Japan, are among the lucrative markets for manufacturers in the region. The increasing health awareness and rising consumer inclination toward functional food and beverages are factors prompting food manufacturers to include health-promoting ingredients such as chlorella in their products. The market in Europe is anticipated to exhibit the highest CAGR during the review period. Germany is the primary chlorella market in the region due to the growing pharmaceutical industry. Other factors such as increasing preference towards healthy and nutritious beverages over calorie-heavy soft drinks and a rise in the consumption of chlorella primarily in natural and organic cosmetics are expected to drive the growth of the chlorella industry in the region.
Segmental Analysis
The Global Chlorella Market has been segmented based on Type, Application, and Region.
By Type, the market has been divided into chlorella Vulgaris, chlorella pyrenoidosa, and others. The chlorella vulgaris segment accounted for the maximum market share in 2018, whereas the chlorella pyrenoidosa segment is expected to register the highest CAGR of 3.1% during the forecast period. Chlorella pyrenoidosa is one of the species of the freshwater algae genus—chlorella. Chlorella pyrenoidosa is considered to be more efficient than other species as it exhibits a higher concentration of vitamins (primarily B12) and amino acids, such as choline, a higher protein content, and a higher concentration of growth factor (CGF).
Based on Application, the global chlorella market has been classified into functional food & beverages, nutraceuticals & pharmaceuticals, personal care, and others. The nutraceuticals & pharmaceuticals segment accounted for the larger market share in 2018 in terms of value as well as volume. Nutraceuticals & pharmaceuticals is a prominent application segment, in which chlorella has gained popularity. The use of chlorella in several industries, such as pharmaceutical and medical, is increasing in developed countries such as the US, the UK, and Germany, owing to the increasing awareness among manufacturers and consumers.
Regional Analysis
Geographically, the Global Chlorella Market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2018. The chlorella market in North America accounted for the second-largest market share in 2018. Europe is projected to register the highest CAGR of 3.0% during the forecast period.
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Key Findings of the Study
- The Global Chlorella Market is projected to register a growth rate of 2.8% from 2019 to 2025. Increasing adoption of chlorella supplements, followed by rising demand for natural ingredients in application areas are projected to propel the growth of the global chlorella market.
- The chlorella Vulgaris segment is estimated to retain its prominent share by 2025, whereas, the chlorella pyrenoidosa segment is anticipated to register a growth rate of 3.1% during the forecast period.
- The nutraceuticals & pharmaceuticals segment accounted for the largest market share in 2018 and is expected to grow at a rate of 2.6% during the forecast period.
Key Players
Market Research Future identified GONG BIH ENTERPRISE CO., LTD (Taiwan), E.I.D. - Parry (India) Limited (India), Far East Bio-Tec Co., Ltd (Taiwan), Yaeyama Shokusan Co., Ltd (Japan), Fuqing King Dnarmsa Spirulina Co., Ltd (China), Tianjin Norland Biotech Co., Ltd (China), STAUBER Performance Ingredients (US), Sure Chemical Co., Ltd (China), and Green Source Organics (Japan) as the Key Players in the Global Chlorella Market.
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Market HighlightsGlobal Chlorella Market is projected to reach 5,430.0 Thousand Kg by 2025, expanding at a CAGR of 2.8% during the forecast period.
However, the high costs associated with the production of chlorella are restraining market growth.
China, followed by Japan, are among the lucrative markets for manufacturers in the region.
The use of chlorella in several industries, such as pharmaceutical and medical, is increasing in developed countries such as the US, the UK, and Germany, owing to the increasing awareness among manufacturers and consumers.
Regional Analysis Geographically, the Global Chlorella Market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/chlorella-market-4413 Key Findings of the StudyThe Global Chlorella Market is projected to register a growth rate of 2.8% from 2019 to 2025.
Market HighlightsGlobal Botanical Extracts Market is projected to be valued at USD 25,151.7 Million by 2025, expanding at a CAGR of 5.45% during the forecast period.
However, the limited availability of botanical extracts is hampering the growth of the market.
The increasing demand for organic ingredients is expected to offer lucrative opportunities to market players in the coming years.
Other factors, such as increasing demand for natural food ingredients and additives among consumers is expected to drive the growth of the botanical extracts market in the region.
The herbs primarily used for botanical extraction are turmeric, rosemary, mint, basil, chives, sage, bay leaf, and thyme.
The demand for such herbs is increasing at a high pace due to its broader application in food & beverages and pharmaceutical products across the globe.
Market HighlightsGlobal Dairy Cream Market is projected to be valued at USD 18,722.1 Million by 2025, expanding at a CAGR of 3.80% during the forecast period.
The demand for dairy cream has been increasing at a moderate pace across the globe over the last few years.
Europe constituted a dominant share of the dairy cream market in 2018 owing to the increasing demand from hotels/restaurants/cafes (HoReCa) industry.
Other factors such as increasing the number of restaurants, bars, and cafés and the rise in the consumption of dairy cream primarily in dressings, confectionery, dairy products, and desserts is expected to drive the growth of the dairy cream market in the region.Key PlayersMarket Research Future identified Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF/Amul) (India), Arla Foods (Denmark), Land O'Lakes, Inc. (US), Lactalis Group (France), Royal FrieslandCampina N.V. (Netherlands), Agropur (Canada), Saputo Inc. (Canada), Dairy Farmers of America, Inc. (US), Fonterra Co-operative Group (New Zealand), and Organic Valley (US) as the Key Players in the Global Dairy Cream Market.Segmental AnalysisGlobal Dairy Cream Market has been Segmented Based on Type, End-Use, and Region.By Type, the market has been divided into thickened cream & whipping cream, fresh cream, sour cream, and others.
It is ideal as a filling in desserts.Based on End Use, the global dairy cream market has been classified as food processing, food service, and food retail.
The food processing segment is further divides into bakery & confectionery, dairy & frozen desserts, sauces, dressings, & spreads, and others.
Global Market for Metal Roofing Market – Segmental Analysis:MRFR’s report offers a detailed segmental analysis of the market based on product type, metal type, and application.
By metal type, the market is segmented into steel roofing; copper roofing; aluminum roofing; zinc roofing; tin roofing; and others.
By application, the market has been segmented into residential; commercial; and industrial.Access Report @ https://www.marketresearchfuture.com/reports/metal-roofing-market-6554Regional Outlook:The global metal roofing market, by region, has been segmented into North America, Asia Pacific, Europe, and the Rest of the World.
Asia Pacific is expected to witness significant growth over the next couple of years.
The growth is attributable to the rapid urbanization and exponential population in the region which has catapulted the construction sector on an upward trajectory.
The prominent country-level markets of the region include India, China, and Malaysia among others.North America is a vital growth pocket and is likely to remain a lucrative market in the upcoming years.
