The European microalgae-based products market is projected to grow from US$ 520.26 million in 2021 to US$ 879.59 million by 2028, reflecting a CAGR of 7.8%. This expansion is largely driven by the increasing consumer shift toward vegetarian and vegan diets, influenced by rising food allergies and health-conscious choices.
Growing Demand for Plant-Based Nutrition
As highlighted by the Institute of Food Technologists, the global adoption of vegetarian and vegan diets is rising due to concerns about allergens found in animal-based foods. The Centers for Disease Control and Prevention (CDC) has also reported an increase in food allergies, which is expected to further accelerate demand for allergen-free and plant-based protein sources. By 2054, alternative proteins—including algae-derived proteins—are anticipated to contribute 50% of the market.
Both macroalgae and microalgae serve as rich sources of essential nutrients, including: ✔ Vitamins: A, C, E, and folate ✔ Minerals: Calcium, iodine, and iron ✔ Essential compounds: Omega-3 fatty acids, lipids, carbohydrates, and proteins
Microalgae, in particular, can contain up to 70% protein, making them a highly efficient protein source. This nutritional density is driving food manufacturers to integrate algal biomass into functional foods and allergen-free products.
Innovations in Algae-Based Ingredients
Companies are increasingly leveraging microalgae for product development. For example:
Solazyme has pioneered research on microalgae applications in functional food ingredients.
The company developed Chlorella-based microalgae powder, used to produce:
AlgaVia Whole Algae Flour
AlgaVia Whole Algae Protein
These vegan, gluten-free, and allergen-free ingredients offer sustainable alternatives for food production.
Emerging Trends in the Microalgae Market
With their high nutritional value, sustainability, and versatility, microalgae are gaining traction as a key component in plant-based diets. The ongoing shift toward healthier, allergen-free, and sustainable food choices will continue to fuel innovation and growth in the microalgae-based products market.
Europe Microalgae-Based Products Strategic Insights
Strategic insights for the Europe Microalgae-Based Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Author’s Bio: Akshay Senior Market Research Expert at Business Market Insights
