Knowledge Sourcing Intelligence Algae Protein Market | Page 9

ALGAE PROTEIN MARKET : MARKET DYNAMICS
 The expected increase in global population in the coming years will
stimulate the demand for protein thereby, driving the demand for algae
proteins as well. According to the United Nations, the global population is
significantly booming and is expected to reach 9.8 billion in 2050 from
7.6 billion currently. Expanding urbanization and improving living
standards is posing a challenge on existing food production techniques
and available resources.
 The growing consumption of seaweed as a source of protein in Western
economies is expected to offer substantial opportunities for the algae
protein market players in the coming years.