Algae Supplements Market Report 2025 (Global Edition)

Global Algae Supplements Market Report 2024 Market Size Split by Composition (Microalgae, Macroalgae), by MicroalgaeMacroalgae (Spirulina, Chlorella, Dunaliella, Others), by Consumer Orientation (Men,...

Algae Supplements Market Report Description

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Algae Supplements Market Insights Video

Competitive Landscape of the Algae Supplement Market

The algae supplement market is growing rapidly, driven by increasing consumer awareness of health benefits and demand for plant-based nutrition. Key players include companies like spirulina and chlorella producers, with brands such as Nutrex Hawaii, Earthrise Nutritionals, and Cyanotech. Competition is intense, with focus on product quality, sustainability, and innovative formulations. Distribution channels range from health food stores to online platforms. Trends include organic certifications and a rise in functional foods, catering to health-conscious consumers seeking natural alternatives.

In September 2021, AAK revealed a strategic partnership with Progress Biotech to provide high-quality, algae-derived DHA for use in infant formula. (Source: https://www.aak.com/news-and-media/news/aak-partners-with-progress-biotech-on-premium-plant-based-dha-for-infant-formula/#:~:text=AAK%20has%20announced%20a%20strategic,infant%20formula%20across%20the%20EU.) In October 2021, CP Kelco announced an expanded distribution partnership with Azelis, covering Europe, the Middle East, and Africa. Under this extension, Azelis becomes the exclusive distributor for CP Kelco in various countries and market sectors. (Source: https://www.cpkelco.com/cp-kelco-announces-expansion-of-distribution-relationship-with-azelis-in-emea-region/) In May 2024, Algine Plus, a producer of algae-based dietary supplements, introduced its product line on Walmart. The range includes items like Algine Plus Ocean Greens, Algine Plus Astaxanthin, and Algine Plus Phosphatidylserine. This move aims to broaden the company's global reach and make its premium products more accessible. (Source: https://www.wholefoodsmagazine.com/articles/16377-algine-plus-to-debut-seaweed-products-in-the-us)

Top Companies Market Share in Algae Supplements Industry: (In no particular order of Rank)

• Nutraceutical International Corporation
• Algenol Biofuels
• Inc.
• Earthrise Nutritionals
• Cyanotech Corporation (Spirulina Pacifica)
• Algatechnologies
• Valensa International
• Sun Chlorella Corp.
• Parry Nutraceuticals (E.I.D. Parry Ltd.)
• BioCare Copenhagen
• Nutrex Hawaii
• Algama
• Kappa Bioscience
• Solazyme
• Inc. (now TerraVia)
• PhytoTrade Africa
• FMC Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Algae Supplement Market

Which Region Dominates the Algae Supplement Market in 2024?

According to Cognitive Market Research, North America currently dominates the Algae Supplement market, and the region is expected to have significant growth during the projected period. This is due to the region's strong consumer preference for health and wellness products. Increasing awareness of the nutritional benefits of algae, such as high protein content and essential fatty acids, drives demand. The region benefits from a well-established supplement industry, with significant investments in research and development. Moreover, the rise of veganism and plant-based diets further fuels growth, as consumers seek sustainable and natural sources of nutrition.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is experiencing the fastest CAGR in the algae supplement market due to rising health consciousness and a growing middle class. Increased consumption of functional foods and dietary supplements drives demand for algae-based products, particularly spirulina and chlorella. Traditional usage of algae in Asian cuisines and herbal medicine enhances acceptance. Furthermore, government initiatives promoting sustainable agriculture and environmental awareness contribute to the market's growth, as consumers seek eco-friendly and nutritious alternatives in their diets.

The current report Scope analyzes Algae Supplements Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Algae Supplements

According to Cognitive Market Research, the global Algae Supplement market size was estimated at USD 2451.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 980.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Algae Supplement market with a market size of USD 773.60 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The U.S. market's increasing health consciousness among consumers, leading to a higher demand for natural and plant-based supplements is driving the Algae Supplement market.
• The Canada Algae Supplement market had a market share of USD 117.66 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada’s advancements in algae cultivation is driving the Algae Supplement market.
• The Mexico Algae Supplement market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 89.22 million in 2024.

Europe Algae Supplements

According to Cognitive Market Research, the global Algae Supplement market size was estimated at USD 2451.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 735.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Algae Supplement market had a market share of USD 123.54 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Algae Supplement sales witness an upswing due to rising consumer awareness of health benefits associated with algae, such as enhanced nutrition and sustainable sourcing.
• The France Algae Supplement market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 67.65 million in 2024.
• According to Cognitive Market Research, the German Algae Supplement market size was valued at USD 145.60 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Algae Supplement surged due to presence of major market players.
• The Italy Algae Supplement market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 63.24 million in 2024.
• The Russia Algae Supplement market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 113.98 million in 2024.
• The Spain Algae Supplement market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 60.30 million in 2024
• The Luxembourg Algae Supplement market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 22.80 million in 2024.
• The Portugal Algae Supplement market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 15.44 million in 2024.
• The Greece Algae Supplement market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 8.82 million in 2024.
• The Rest of Europe's Algae Supplement market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 113.98 million in 2024.

Asia Pacific Algae Supplements

According to Cognitive Market Research, the global Algae Supplement market size was estimated at USD 2451.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 563.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Algae Supplement market size was valued at USD 253.70 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Algae Supplement surged in China due to increasing health awareness and the rising popularity of functional foods and dietary supplements.
• The Japan Algae Supplement market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 77.80 million in 2024.
• The India Algae Supplement market had a market share of USD 67.65 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's environmental awareness is driving the Algae Supplement market.
• The South Korean Algae Supplement market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 56.38 million in 2024.
• The Australian Algae Supplement market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 29.32 million in 2024.
• The South East Asia Algae Supplement market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 38.90 million in 2024.
• The Rest of Asia Pacific Algae Supplement market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 40.03 million in 2024.

South America Algae Supplements

According to Cognitive Market Research, the global Algae Supplement market size was estimated at USD 2451.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 122.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Algae Supplement market size was valued at USD 52.46 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Algae Supplement flourished in Brazil due to rising consumer awareness of health benefits associated with algae, including its nutritional value and potential as a superfood.
• Argentina's Algae Supplement market had a market share of USD 20.59 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's increasing demand for natural and organic products is driving the Algae Supplement market.
• Colombia Algae Supplement market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 10.91 million in 2024.
• Peru Algae Supplement market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 10.05 million in 2024.
• Chile Algae Supplement market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 8.82 million in 2024.
• The Rest of Latin America's Algae Supplement market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 19.73 million in 2024.

Middle East and Africa Algae Supplements

According to Cognitive Market Research, the global Algae Supplement market size was estimated at USD 2451.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 49.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Algae Supplement market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 10.98 million in 2024. Algae Supplement sales flourish due to the presence of major market players.
• The Egypt Algae Supplement market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 5.15 million in 2024.
• The South Africa Algae Supplement market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 7.75 million in 2024. Algae Supplement sales flourished in South Africa due to increasing health awareness and a shift toward natural and organic food products.
• The Turkey Algae Supplement market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 4.42 million in 2024.
• The Nigeria Algae Supplement market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 5.15 million in 2024.
• The Rest of the MEA Algae Supplement market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 5.78 million in 2024.

Algae Supplements Market Analysis

Algae Supplement Market Composition Segment Analysis

According to Cognitive Market Research, Microalgae are likely to dominate the Algae Supplement Market over the forecast period. Microalgae composition captured the largest market share in the algae supplement market due to its high nutritional profile, rich in proteins, vitamins, and essential fatty acids. Varieties like spirulina and chlorella are particularly popular for their health benefits, including antioxidant properties and support for immune function. Their versatility allows for incorporation into various products, from powders to capsules. Additionally, rising consumer interest in plant-based diets and natural health solutions has fueled demand for microalgae supplements, solidifying their market dominance.

Macroalgae composition is growing at the highest CAGR in the algae supplement market due to increasing consumer awareness of its health benefits, including rich fiber content, essential minerals, and antioxidants. The rising popularity of seaweeds like kelp and dulse in various cuisines, particularly in Asian and health-focused diets, drives demand. Additionally, macroalgae's applications in plant-based food products and as functional ingredients in supplements attract health-conscious consumers. The trend toward sustainable and environmentally friendly food sources further boosts market growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Algae Supplements Industry. Request a Free Sample PDF!

Algae Supplement Market Algae Type Segment Analysis

According to Cognitive Market Research, the Spirulina segment holds the largest share of the market. Spirulina algae type captured the largest market share in the algae supplement market due to its exceptional nutritional profile, offering high protein content, essential amino acids, and a rich source of vitamins and minerals. Its versatility allows it to be used in various forms, including powders, tablets, and bars, appealing to diverse consumer preferences. The increasing awareness of its health benefits, such as boosting immunity and energy levels, along with its organic and sustainable cultivation, further enhances its market dominance.

Chlorella algae type is growing at the highest CAGR in the algae supplement market due to its rich nutrient profile, including high protein content, vitamins, and minerals. Increasing consumer awareness of its detoxifying properties and potential benefits for gut health drives demand. Chlorella's popularity in the wellness community, combined with the rise of plant-based diets, enhances its appeal. Additionally, its availability in various forms, such as powders and capsules, caters to diverse consumer preferences, further fueling market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Algae Supplements Consumer Orientation Segment Analysis

Algae Supplement Market Consumer Orientation Segment Analysis

According to Cognitive Market Research, The Men segment holds the largest market share. Men's consumer orientation captured the largest market share in the algae supplement market due to increasing awareness of health and fitness among male consumers. Algae supplements, particularly spirulina and chlorella, are sought for their benefits in muscle recovery, energy enhancement, and overall wellness. The rise of fitness trends and the popularity of plant-based diets have further driven demand. Additionally, marketing strategies targeting men's health, such as performance improvement and weight management, have effectively positioned algae supplements as essential components of male nutrition.

Kids' consumer orientation is growing at the highest CAGR in the algae supplement market due to rising awareness among parents about the nutritional benefits of algae, such as omega-3 fatty acids, vitamins, and minerals essential for children's growth and development. The demand for natural and healthy dietary supplements for kids is increasing as parents seek alternatives to traditional multivitamins. Additionally, the introduction of kid-friendly formulations, such as gummies and powders, enhances appeal, making algae supplements an attractive choice for health-conscious families.

• Men
• Kids
• Women

Algae Supplements Nature Segment Analysis

Algae Supplement Market Nature Segment Analysis

According to Cognitive Market Research, the Organic segment dominates the market. Organic nature captured the largest market share in the algae supplement market due to rising consumer preference for natural and sustainably sourced products. Increasing awareness of the health benefits associated with organic algae, such as higher nutrient quality and lower chemical exposure, drives demand. Certifications and labels emphasizing organic farming practices enhance consumer trust and appeal. The trend toward clean eating and environmentally friendly products further bolsters the popularity of organic algae supplements, positioning them as the preferred choice for health-conscious consumers.

Conventional nature is growing at the highest CAGR in the algae supplement market due to the increasing demand for cost-effective and accessible dietary supplements. As consumers become more aware of algae's health benefits, conventional algae supplements, often produced at a lower price point, appeal to budget-conscious shoppers. Improved farming and production techniques also enhance availability and quality. Additionally, the growing interest in functional foods and dietary enhancements fuels market growth, as conventional products offer a practical option for consumers seeking nutritional benefits.

• Organic
• Conventional

Algae Supplements Sales Channel Segment Analysis

Algae Supplement Market Sales Channel Segment Analysis

According to Cognitive Market Research, the Drug Stores segment dominates the market. Drug stores captured the largest market share in the algae supplement market due to their established reputation for health and wellness products. These outlets provide consumers with easy access to a wide range of algae supplements, including popular varieties like spirulina and chlorella. The presence of knowledgeable staff and professional recommendations enhances consumer trust. Additionally, drug stores often offer competitive pricing and promotions, attracting health-conscious shoppers. The growing trend of self-medication and preventive health further strengthens the position of drug stores in this market.

Health and beauty stores are growing at the highest CAGR in the algae supplement market due to the increasing consumer focus on holistic wellness and beauty from within. These stores cater to health-conscious consumers seeking natural supplements that enhance skin health, energy, and overall well-being. The specialized product offerings and knowledgeable staff provide personalized recommendations, boosting customer confidence. Additionally, the rise of organic and clean beauty trends aligns with algae supplements, driving demand in this channel as consumers prioritize natural ingredients in their health regimens.

• Drug Stores
• Health & Beauty Stores
• Modern Trade Channels
• Direct Selling
• Online Retailers
• Other Retail Formats

Algae Supplements Form Segment Analysis

Algae Supplement Market Form Segment Analysis

According to Cognitive Market Research, the Soft Gel segment dominates the market. Soft gel form captured the largest market share in the algae supplement market due to its convenience and ease of consumption. Soft gels offer a tasteless and easily digestible alternative to traditional tablets and powders, appealing to consumers who prefer hassle-free options. They also enhance bioavailability, ensuring better absorption of nutrients. The growing demand for travel-friendly supplements further boosts their popularity. Additionally, the soft gel format allows for precise dosing, which attracts health-conscious consumers seeking reliable and effective dietary solutions.

The capsules segment is experiencing the highest CAGR in the algae supplement market due to their convenience, precise dosage, and enhanced shelf life. Capsules appeal to health-conscious consumers seeking easy consumption of algae-based nutrients without the strong flavors or textures associated with powders or liquids. Additionally, the rise in vegan and vegetarian diets has fueled demand for plant-based supplements, positioning capsules as a preferred choice for delivering essential nutrients like omega-3 fatty acids, antioxidants, and vitamins efficiently.

• Soft Gel
• Capsules
• Liquid
• Tablets
• Powder & Granules

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

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