Meticulous Research®—a leading global market research company, published a research report titled, ‘Europe Dunaliella salina Market by End User (Extraction Companies, Food and Beverage Companies, Feed Companies, Nutraceutical and Health Supplement companies, Pharmaceutical Companies, and Cosmetic Companies)—Forecast to 2030.’
According to this latest publication from Meticulous Research®, the Europe Dunaliella salina market is projected to reach $27.1 million by 2030, at a CAGR of 4.8% from 2023 to 2030. The growth of the Europe Dunaliella salina market is mainly attributed to increasing demand for natural-source beta carotene products, rising need for natural colorants, and increased use of Dunaliella salina in the cosmetics industry. However, the complex production process for dunaliella salina is expected to restrain the growth of this market.
The Europe Dunaliella salina market is segmented by end user (extraction companies, food and beverage companies, feed companies, nutraceutical and health supplement companies, pharmaceutical companies, and cosmetic companies) and geography (Germany, France, the U.K., Italy, Spain, the Netherlands, Denmark, Sweden, and the Rest of Europe).
Based on end user, in 2023, the extraction companies segment is expected to account for the largest share of the Europe Dunaliella salina market. The large market share of this segment is attributed to the growing use of Dunaliella salina by extraction companies due to the rising demand for natural algae-derived hydrocolloids like carotenoids, including beta-carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin from food & beverage, cosmetics, animal feed, dietary supplements, and other industries which are expected to boost the demand for this segment.
Based on geography, in 2023, Germany is expected to account for the largest share of the Europe Dunaliella salina market. The large market share of this region is attributed to the growing food & beverage industry, rising health and wellness trends, growing demand for natural colorants from various end-use industries, and rising government focus on the algae industry in the country.
A moderately competitive scenario characterizes the Europe Dunaliella salina market due to few regional competitors and local players. The key players operating in the Europe Dunaliella salina market are Fuqing King Dnarmsa Spirulina Co., Ltd.(China), ALGALIMENTO SL (Spain), Hangzhou OuQi Food Co., Ltd.(China), BlueBioTech Group (Germany), Xi’an Fengzu Biological Technology Co., Ltd.(FZBIOTECH) (China), Monzón Biotech S.L. (Spain), and A4f Algae for Future (Portugal).
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