Redding, California - May 30, 2024
Dunaliella Salina Market to Reach $69.60 Million by 2031
Dunaliella Salina Market Size, Share, Forecast, & Trends Analysis by End User (Extraction Companies, Food & Beverage Companies, Feed, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies) - Global Forecast to 2031
Meticulous Research®—a leading global market research company, published a research report titled “Dunaliella Salina Market Size, Share, Forecast, & Trends Analysis by End User (Extraction Companies, Food & Beverage Companies, Feed, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies) — Global Forecast to 2031.”
According to this latest publication from Meticulous Research®, the Dunaliella Salina market is expected to record a CAGR of 4% from 2024 to 2031 to reach $69.60 million by 2031. In terms of volume, the Dunaliella Salina market is projected to reach 942 tons by 2031, at a CAGR of 7.5% during the forecast period of 2024–2031. 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 (2022 and 2023), estimated current data (2024), and forecasts for 2031. 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 31.6% of the Dunaliella Salina market in 2024. 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.
Geographic Review
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, Netherlands, Denmark, Sweden, and RoE), Asia-Pacific (China, Australia, Japan, India, and RoAPAC), Latin America (Brazil, Mexico, Argentina, and RoLATAM) and the Middle East & Africa (Israel, Egypt, Saudi Arabia, South Africa, United Arab Emirates (UAE), and Rest of the Middle East & Africa). Europe is expected to register the highest CAGR of 4.8% 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.
Key Players
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).
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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 2024–2031?
- What are the major drivers, restraints, opportunities, and challenges for the Dunaliella Salina market?
- Who are the major players in the Dunaliella Salina market?
- How is the competitive landscape, and who are the market leaders in the Dunaliella Salina market?
- What are the recent developments in the Dunaliella Salina market?
- What are the geographical trends and high-growth regions/countries?
- Who are the local emerging players in the Dunaliella Salina market, and how do they compete with the global players?
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