Chlorella Market Worth $195.3 Million by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research® & EABA

0
98

London, Feb. 01, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled, “Chlorella Market by Technology (Autotrophic {Open Pond}, Heterotrophic), by Product Type (Powder, Extract, Capsules) by Source (Chlorella Vulgaris) by Application (Nutraceutical, Food, and Beverages, Animal Feed), Geography– Global Forecast to 2027″, the chlorella market is expected to grow at a CAGR of 5.9% from 2020 to 2027 to reach $195.3 million by 2027.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5162

This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®' market intelligence services with EABA's broad expertise in the development of research, technology and industrial capacities in the field of algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.

The consumer preference has shifted towards consuming natural, free-from-additives, and organic food. Well-being is becoming nothing short of a global movement, as consumers seek to ensure healthy lives as long as possible—particularly as average life-spans continue to rise. Further, rapid changes in diets and lifestyles have occurred with industrialization, urbanization, economic development, and globalization.

This has a significant impact on the populations' health and nutritional status, particularly in developing countries. Also, “all-natural” and “clean label” trends within the food and beverage markets increase the demand for natural ingredients, such as plant-based proteins from food industries to produce natural and clean label products. As the global trend for healthy and convenient food products continues, chlorella can be used in products with natural health claims, such as GMO-free, organic, and no additives. Since chlorella is high in protein and other essential nutrients, such as antioxidants, chlorophyll, vitamins, minerals, and fiber, changing food preferences and increasing health consciousness among consumers will positively impact the growth of the chlorella market.

The chlorella market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on technology, product type, source, application, and geography. The study also evaluates industry competitors and analyses the market at a country level.

Impact of COVID-19 on the Chlorella Market

The chlorella market is experiencing a positive impact mainly due to its key role in the immune system. Chlorella is a healthy, natural, and sustainable superfood, which is experiencing huge demand during the COVID-19 period. During the pandemic, consumers are demanding more food or ingredients to strengthen their immune and digestive systems. For this reason, microalgae/algae have been one of the superfoods trends in Europe. The microalgae chlorella is rich in nutrients and bio compounds.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5162

However, food & beverage companies worldwide continue to feel the impact of COVID-19. Social distancing, self-isolation, and city-wide lockdowns have forced many establishments to halt their operations. In addition, various government bodies have passed various rules and regulations to purchase essential goods—for instance, Singapore's clampdown on products that claim to have COVID-19 …

Full story available on Benzinga.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here