Top Algae Protein Companies

Global Algae Protein Market size was valued at USD 2.46 Billion in 2023 poised to grow from USD 2.83 Billion in 2024 to USD 8.78 Billion by 2032, growing at a CAGR of 15.19% in the forecast period (2025-2032).

The global algae protein market is very competitive. Key companies driving innovation and growth are multiple companies, as firms are investing in sustainable algae cultivation, new advanced extraction techniques, and growing product portfolios. Among the world's top players are DSM, Cyanotech Corporation, AlgaeCal, Corbion, and EID Parry. All these companies have captured the fast-growing market demand for plant-based proteins by adding algae to the many applications found in food and beverages, animal feed, and dietary supplements. 'DSM (Netherlands)', 'Cyanotech Corporation (USA)', 'Corbion (Netherlands)', 'EID Parry (India)', 'Algama (France)', 'AlgaEnergy (Spain)', 'Spirulina and Chlorella (Japan)', 'Fuqing King Dnarmsa Spirulina (China)', 'Naturex (France)', 'BASF (Germany)', 'Solazyme (USA)', 'Kemin Industries (USA)', 'Global Algae Innovations (USA)', 'Algae Biomass Organization (USA)', 'PhycoBiologics (USA)'

With growing global demand for sustainable protein sources, algae protein offers an alternative source of proteins in comparison to the traditional animal-based proteins. Cultivation of algae requires very less land, water, and energy resources and therefore reduces environmental footprints. This is one factor driving its adoption among environmentally conscious consumers and industries.

Rise in Plant-Based and Sustainable Diets: The increasing global shift toward plant-based diets and sustainable food practices is driving the demand for algae protein. As consumers seek alternative protein sources, algae’s eco-friendly production methods and nutritional benefits are gaining popularity, particularly in health-conscious markets and the growing vegan and vegetarian segments.

North America dominates the global algae protein market due to a combination of factors, including strong consumer demand for plant-based and sustainable protein sources. Well-established health and wellness trends in the region, combined with growing awareness about the environmental footprint of traditional sources of protein, have been a driver for the uptake of algae protein in dietary supplements, food, and beverages. Further, North America is home to superior research and development capabilities that support innovation in extraction and processing technologies for algae protein. North America leads the market in the growing algae protein market due to supportive government policies promoting sustainable agriculture and investment in eco-friendly alternatives.