Artificial Intelligence
Chlorella Market Worth $412.3 Million by 2028 – Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®
Redding, California, Oct. 19, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled “Chlorella Market by Technology (Open Pond), Product Type (Extract, Capsules), Source (Chlorella Vulgaris, Chlorella Pyrenoidosa or Sorokiniana), Application (Nutraceutical, Food and Beverages, Animal Feed), Geography– Global Forecast to 2028,” published by Meticulous Research®, the chlorella market is expected to reach $412.3 million by 2028, at a CAGR of 6.3% during the forecast period of 2021 to 2028. The growth of this market is mainly attributed to key factors such as the growing inclination of consumers toward a protein-rich diet, increasing health and wellness trends, development of innovative chlorella food and beverages products, growing nutraceutical industry, and growing vegetarianism across the globe. Moreover, the emergence of a new product: chlorella extracts, provides lucrative opportunities for players operating in this market.
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Consumers are increasingly focused on living longer and healthier. Their preferences have shifted towards eating more natural, free from additives or preservatives, and organic food. Also, well-being is becoming nothing short of a global movement, as consumers seek to ensure healthy lives for as long as possible, particularly as average lifespans continue to rise.
Chlorella is a type of algae that packs a big nutrient punch, as it is a good source of several vitamins, minerals, and antioxidants. Emerging research shows that it could help shuttle toxins out of the body and improve cholesterol and blood sugar levels, among other health benefits. Further, rapid diets and lifestyles have occurred with industrialization, urbanization, economic development, and globalization. This is having a significant impact on populations’ health and nutritional status, particularly in developing countries.
In addition, the aging global population, rising chronic disease rates, rising in self-care, treatment & prevention, and increasingly educated & connected consumer trends are contributing to an increased focus on health and wellness. Consumers are also focusing on simplicity and transparency. Globally, the top three most appealing claims or descriptions are natural/all-natural, no artificial ingredients, and low or reduced fat/sugar/salt.
Besides, growing health awareness has increased demand for food products that support better health, especially low-fat, cholesterol, protein-rich, and weight control products. As a result, the number of food products containing plant-based proteins has grown distinctly in recent years. Also, all-natural and clean label trends within the F&B market are expected to increase the demand for natural ingredients, such as plant-based proteins, to produce natural and clean label products.
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As the global trend for healthy and convenient food products continues, there is an opportunity for chlorella to 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 market.
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 health system. Chlorella is used as a healthy, natural, and sustainable superfood, which is in demand during COVID-19. During the pandemic, consumers demanded more food or ingredients which strengthen the immune and digestive system. For this reason, microalgae/algae have been one of the superfoods trends in Europe. The microalgae chlorella is rich in nutrients and bio compounds that are key factors in detoxifying, antioxidant, and immunity activity.
However, F&B companies across the world have felt the impact of COVID-19. Social distancing, self-isolation, and city-wide lockdowns forced many establishments to close in countries across Asia, the U.S., and Europe. In the U.K., the U.S., and Australia, supermarket chains have started to enforce new rules to curb panic buying, while suppliers and factory workers have put additional health and safety measures in place to keep consumers safe. Moreover, manufacturers of consumer food & beverage products have also faced significantly reduced consumption and disrupted supply chains. The food & beverage industry has witnessed a slight downfall due to the lockdowns imposed across various countries. All these factors somehow restricted the demand for chlorella in the market.
In addition, various government bodies have passed various rules and regulations for the purchase of essential goods. For instance, Singapore’s clampdown on products that claim to have COVID-19 health claims. South Korea’s Ministry of Food and Drug Safety announced that it would re-evaluate the safety and functionality of 12 functional raw materials in 2020. Also, the Taiwan Food and Drug Administration introduced new labeling rules for special medical foods. Further, according to trade organizations in the nutritional products industry, there is a significant impact on many points in the global supply chain for functional foods and dietary supplements. This will result in a slowdown in the sales and consumption of chlorella by its end users, impacting the chlorella market. Thus, the negative impact on the global economy, supply chains, and trade indirectly hampered the chlorella market’s growth to some extent.
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Key Findings in the Chlorella Market Study:
Based on the technology, the heterotrophic segment is expected to grow with the fastest CAGR during the forecast period. The fast growth of this segment is primarily attributed to major factors such as higher productivity, lower risk of contamination, low water consumption, low space usage, and excellent purity of biomass. Further, its use to obtain higher cell concentration and products that are more suitable for the production of pure pharmaceuticals, nutraceuticals, and cosmetics are driving the demand for heterotrophic technology in the market.
However, the construction, maintenance, and operation costs of the heterotrophic systems are considerably higher, which is one of the major factors restricting the growth of this segment. Moreover, the autotrophic segment is expected to command the largest share of the overall chlorella market in 2021. The dominant position of this segment is mainly attributed to factors such as easy construction & management of open ponds, an cost-effective method for the production of large-scale biomass production, and more exposure of the culture to sunlight. Besides, the production of chlorella in open ponds by major chlorella-producing countries, such as Germany, Japan, China, the Czech Republic, and Taiwan, is expected to boost the production of chlorella by open pond technology.
Based on product type, the powder segment is expected to command the largest share of the overall chlorella market in 2021. The large share of this segment is mainly attributed to its strong coloring ability, growing number of health-conscious customers, and ability of chlorella powder to get rid of heavy metal and ash content like mercury from the body. Further, the large use of chlorella powder in the chlorella tablets, chlorella capsules, extracts, instant noodles, dumplings, bakery, beverages, ice cream, and dietary supplements, etc. drives its demand in the market.
Moreover, the extracts segment is expected to grow with the fastest CAGR during the forecast period. The growing demand for chlorella from functional food & supplement manufacturers and the presence of high levels of water-based nutrients, such as essential amino acids, vitamin A, B vitamins, iron, calcium, chlorophyll, lutein, and zeaxanthin, are some of the factors driving the growth of this segment.
Based on source, the chlorella pyrenoidosa or sorokiniana segment is expected to grow at the highest CAGR during the forecast period. The fast growth of this segment is primarily attributed to its ability to grow very quickly, higher concentration of some vitamins and amino acids, like choline, and higher protein content. Further, chlorella pyrenoidosa or sorokiniana potential to provide natural detoxification for immune support. Moreover, the chlorella vulgaris segment is expected to command a large share of the overall chlorella market in 2021. The large share of this market is mainly attributed to the growing demand for novel and natural flavored plant-based protein-rich ingredients and growing application in the biofuel industry.
Based on the application, the nutraceutical segment is expected to command the largest share of the overall chlorella market in 2021. The large share of this segment is primarily attributed to the properties and advantages of chlorella as an ideal health product that regulates immune effects and balances the body. In addition, chlorella extracts possess diverse antitumor, antioxidant, anti-inflammatory, and antimicrobial features, further driving the demand for chlorella in the nutraceuticals industry.
Europe is expected to grow at the highest CAGR during the forecast period. The fast growth of this region is primarily attributed to the rising demand for chlorella in cosmetic and personal care items; consumer’s willingness to pay higher prices for more natural, less processed, and environment-friendly products; and growing attraction among consumers for natural food products.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the chlorella market over the last four years (2018-2021). The key players operating in the global chlorella market are Flora Manufacturing & Distributing Ltd. (Canada), Roquette Klötze GmbH & Co. KG (Germany), Phycom (Netherlands), Tianjin Norland Biotech Co., Ltd. (China), Fuqing King Dnarmsa Spirulina Co. Ltd. (China), Far East Microalgae Industries, Co., Ltd.(FEMICO) (Taiwan), Allmicroalgae – Natural Products, S.A (Portugal), Qingdao Haizhijiao Biotechnology Co., Ltd. (China), STAUBER (U.S.), Alver World SA (Switzerland), AlgoSource (France), Taiwan Chlorella Manufacturing Company (Taiwan), E.I.D. – Parry (India) Limited (India), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), Duplaco B.V. (The Netherlands), Sun Chlorella Corporation (Japan), Algorigin (Switzerland), Yunnan Green A Biological Project Co., Ltd (China), Zhejiang Comp Spirulina Co., Ltd. (China), Gong Bih Enterprise Co., Ltd. (China), and Wilson Group (Taiwan) among others.
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Scope of the report
Chlorella Market, by Technology
- Autotrophic
- Open Pond
- Closed Pond
- Heterotrophic
Chlorella Market, by Product Type
- Powder
- Tablets
- Extract
- Capsules
Chlorella Market, by Source
- Chlorella Vulgaris
- Chlorella Pyrenoidosa or Sorokiniana
- Others
Chlorella Market, by Application
- Nutraceuticals
- Food & Beverages
- Animal Feed
- Cosmetics
- Others
Chlorella Market, by Sales/Distribution Channel
- B2B
- B2C
- Offline
- Distributors
- Retailers
- Direct-To-Consumer
- Online
- Offline
Chlorella Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Australia
- Rest of The Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence
Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’
– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.
The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence
IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.
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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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