Chlorella Market Updates

Global Chlorella Market size was valued at USD 206.9 million in 2023 and is poised to grow from USD 223.25 million in 2024 to USD 410.16 million by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032). 

Major corporations, such as Sun Chlorella Corp, Vedan Enterprise, FEMICO, International Chlorella, Taiwan Chlorella Manufacturing Company, Yaeyama Chlorella are widely implementing collaborative strategies in the competition, which accounts for their dominant market share. Adopting competitive strategies like mergers and acquisitions, new product development initiatives, and geographic expansion are top priorities for these players. 'Sun Chlorella Corporation (Japan) ', 'Taiwan Chlorella Manufacturing Company (Taiwan) ', 'FEMICO (Far East Microalgae Industries Co., Ltd.) (Taiwan) ', 'Gong Bih Enterprise Co., Ltd. (Taiwan) ', 'E.I.D. - Parry (India) Limited (India) ', 'Yaeyama Shokusan Co., Ltd. (Japan) ', 'Fuqing King Dnarmsa Spirulina Co., Ltd. (China) ', 'Tianjin Norland Biotech Co., Ltd. (China) ', 'Roquette Klotze GmbH & Co. KG (Germany) ', 'AlgoSource (France) ', 'Phycom BV (Netherlands) ', 'Allmicroalgae Natural Products S.A. (Portugal) ', 'Aliga Microalgae (Denmark) ', 'DAESANG Corporation (South Korea) ', 'Seagrass Tech Private Limited (India) ', 'Plankton Australia Pty Limited (Australia) ', 'Pond Technologies Inc. (Canada) ', 'Necton S.A. (Portugal) ', 'Astaxa GmbH (Germany) ', 'Bluetec Naturals Co., Ltd. (China) '

Since chlorella is a key source of chlorophyll used in personal care products like skin care creams, lotions, and hair care products as well as an ingredient for adding pigmentation to cosmetic products, the use of cosmetics and personal care products is a major factor in the growth of the chlorella market globally.

Since Chlorella is a suitable substitute for animal-based proteins, rising veganism is anticipated to fuel market growth during the review period, particularly in the US and several countries in Europe. Because of these health advantages, chlorella supplements are becoming more popular among people who are concerned about their health. However, the high cost of production is limiting the expansion of the world market.

Due to the high production of chlorella in the region, North America was the largest market for chlorella, and this trend is anticipated to last into the forecast period. The market for chlorella is anticipated to grow as a result of the rising demand for it as a medicine. In 2022, the region is expected to hold a greater than 27.5% share. During the forecast period, North America is anticipated to be the next dominant region with high chlorella adoption rates. The demand for chlorella products is expected to increase in North America due to the country's rapid development and rising number of skin-related issues. The market for chlorella is expanding quickly thanks in part to the expanding food and beverage industry as well as the rising popularity of vegetarian cuisine in general.