Middle East & Africa Algae Protein Market Size & Outlook
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MEA algae protein market highlights
- The MEA algae protein market generated a revenue of USD 98.1 million in 2024.
- The market is expected to grow at a CAGR of 6.3% from 2025 to 2030.
- In terms of segment, spirulina was the largest revenue generating product in 2024.
- Chlorella is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 98.1 million |
| Market revenue in 2030 | USD 141.0 million |
| Growth rate | 6.3% (CAGR from 2025 to 2030) |
| Largest segment | Spirulina |
| Fastest growing segment | Chlorella |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spirulina, Chlorella |
| Key market players worldwide | Corbion NV, Cyanotech Corp, Earthrise, Febico, E.I.D. Parry, ENERGYbits, Rainbow Light Nutritional Systems, NOW Foods, Vimergy |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.8% of the global algae protein market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 141.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Algae Protein Market Scope
Algae Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Vimergy | View profile | 11-50 | Jacksonville, Florida, United States, North America | https://www.vimergy.com |
| ENERGYbits | View profile | 11-50 | Boston, Massachusetts, United States, North America | https://www.energybits.com |
| Febico | View profile | 51-100 | Taipei, T'ai-pei, Taiwan, Asia | https://febico.com |
| Earthrise | View profile | 11-50 | Irvine, California, United States, North America | http://earthrise.com |
| E.I.D. Parry | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | http://www.eidparry.com/ |
| Rainbow Light Nutritional Systems | View profile | 51-100 | Santa Cruz, California, United States, North America | http://www.rainbowlight.com/ |
| Cyanotech Corp | View profile | 86 | 73-4460 Queen Kaahumanu Highway, Suite 102, Kailua-Kona, HI, United States, 96740 | https://www.cyanotech.com |
| NOW Foods | View profile | 501-1000 | Bloomingdale, Illinois, United States, North America | https://www.nowfoods.com |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
MEA algae protein market size, by country, 2018-2030 (US$M)
Middle East & Africa Algae Protein Market Outlook Share, 2024 & 2030 (US$M)
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