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Meticulous Research®—leading global market research company published a research report titled “Dunaliella Salina Market by End User (Extraction Companies, Food & Beverage Companies, Feed Companies, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies) and Geography—Global Forecast to 2027.”
This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in the field of algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.
According to this latest publication from Meticulous Research®, the Dunaliella salina market is expected to record a CAGR of 3.9% from 2020 to 2027 to reach $117.6 million by 2027. In terms of volume, the Dunaliella salina market is expected to register a CAGR of 3.6% from 2020 to 2027 to reach 1,629.1 tons by 2027. The growth of this market is expected to be driven by factors such as the increasing demand for natural-source beta-carotene, the rising need for natural colorants, and the growing use of Dunaliella salina in the cosmetics industry.
The Dunaliella salina market study presents historical market data in terms of value and volume (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on end user and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on end user, the Dunaliella salina market is mainly segmented into extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies. The extraction companies segment is expected to command the largest share of the Dunaliella salina market in 2020. The segment is also expected to record the highest CAGR during the forecast period, owing to the growing demand for carotenoids, including beta-carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin among several industries such as food & beverage, cosmetics, animal feed, and dietary supplements.
This research report evaluates major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (China, Australia, Japan, India, and RoAPAC), Latin America (Brazil, Mexico, Argentina, and RoLATAM) and the Middle East & Africa (Israel and Rest of the Middle East & Africa). Asia-Pacific is expected to command the largest share of the Dunaliella salina market in 2020, followed by North America and Europe. The large share of this regional market is mainly attributed to factors such as the presence of several local and regional players, various government initiatives to promote the use of algae and algal ingredients in several industries, rising consumption of natural food ingredients, and increasing demand for processed food products in emerging and developing countries including India, China, Indonesia, and Thailand. However, Europe is expected to register the highest CAGR during the forecast period mainly due to the huge food & beverage industry, strict regulations against the use of synthetic colorants, the rising health and wellness trend, high demand for natural colorants from various end-use industries, and rising government focus on the algae industry in the region.
The key players profiled in the Dunaliella salina market research report are Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Ltd (Australia), Hangzhou OuQi Food co., Ltd. (China), Shaanxi Rebecca Bio-Tech Co., LTD (China), Nutragreenlife Biotechnology Co., Ltd. (China), IBR Ltd. (Israel), Xi’an Fengzu Biological Technology Co., Ltd. (China), Monzón Biotech S.L. (Spain), A4F – Algafuel S.A. (Portugal), and Fuqing King Dnarmsa Spirulina Co., Ltd. (China), among others.
Download Free Sample Copy Of The Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5168
Key Questions Answered in the Report-
- Which are the high-growth market segments in terms of end user and region/country?
- What was the historical market size for Dunaliella salina across the globe?
- What are the market forecasts and estimates for 2020–2027?
- What are the major drivers, restraints, opportunities, and challenges for the global Dunaliella salina market?
- Who are the major players in the global Dunaliella salina market?
- How is the competitive landscape, and who are the market leaders in the global Dunaliella salina market?
- What are the recent developments in the global Dunaliella salina market?
- What are the geographical trends and high-growth regions/countries?
- Who are the local emerging players in the global Dunaliella salina market, and how do they compete with the global players?
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Meticulous Research®—leading global market research company published a research report titled “Dunaliella