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Dunaliella Salina Market
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
Report ID:MRFB - 104474 Pages: 95 May-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 48 HoursThe Dunaliella Salina Market was valued at $50.86 million in 2023. This market is expected to reach $69.6 million by 2031, from an estimated $52.89 million in 2024, at a CAGR of 4% during the forecast period 2024-2031.
Dunaliella Salina Market Size & Forecast
The growth of this market can be attributed to several factors, including the increasing demand for naturally sourced beta-carotene, the rising need for natural colorants, and the growing use of Dunaliella salina in the cosmetics industry. Moreover, the increasing demand for clean-label products is a major trend in the Dunaliella Salina market.
However, the complexities involved in the production of Dunaliella Salina are expected to hinder the growth of this market. Furthermore, the risk of Dunaliella salina contamination poses a major challenge impacting the growth of the Dunaliella Salina market.
Dunaliella Salina Market Growth Drivers
Increasing Demand for Naturally Sourced Beta-carotene Fuels the Growth of the Dunaliella Salina Market
Beta-carotene is a part of the carotenoid family and is an antioxidant derived from natural and synthetic sources. It is the main safe dietary source of vitamin A, essential for normal growth and development, proper immune system function, and healthy skin, epithelia, and vision.
Naturally sourced beta-carotene has several advantages over synthetic beta-carotene. Some of the disadvantages of synthetic beta-carotene include its lack of nutritional value, side effects, and higher incidences of lung cancer and mortality. To overcome all these disadvantages, key beta-carotene extraction companies are now developing carotene products from natural sources, including algae, fruits, and vegetables.
Dunaliella salina is one of the richest sources of natural beta-carotene. It contains a high quantity of carotenoids (12.6% of the dry weight), which comprises more than 60.4% of beta-carotene. Thus, owing to Dunaliella salina being the richest source of natural beta-carotene and the growing demand for natural-source beta-carotene, the demand for Dunaliella salina is increasing worldwide.
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Rising Need for Natural Colorants Fuels the Growth of the Dunaliella Salina Market
Globally, the rapid use of artificial production sources to increase food production has led to various health hazards. Nowadays, rising health consciousness and inclination toward environment-friendly products are driving demand for naturally grown food products. Thus, with the growing demand for natural products, manufacturers are widely using natural colors to restore the attractiveness of the products after processing.
Natural colors or dyes are mainly obtained from algae, plants, animals, fruits, and insect sources; thus, they are safe to use as a food additive as they are free of harmful side effects. Due to non-toxic or less toxic properties and fewer side effects, therapeutic uses of natural colors are also escalating. The governments of various countries are supporting the use of natural food colors as they are biodegradable and do not cause pollution after disposal. Moreover, several regulations have been passed in many regions regarding the use of natural colors instead of synthetic food colors, which is further expected to drive the demand for natural food colors across the globe. According to the consumer advocacy group Centre for Science in the Public Interest (CSPI), artificial food coloring presents many health risks.
Moreover, increasing government support for encouraging the adoption of natural food colors in various food and beverage applications, increasing consumer preference for organic and clean label products, and the general “health and wellness” trend will continue to influence the demand for natural food colors across the globe. Beta-carotene, a Dunaliella salina extraction, is highly used to provide a yellow to orange color to foods and cosmetics products. Moreover, extracted beta carotene from Dunaliella salina is mainly used as a colorant in bakeries, beverages, functional drinks, coating, compound seasoning, confectionery, flour products, frozen drinks, cheese, dairy products, margarine, jam, cooked meat products, egg products, jelly, and puffed food products.
Therefore, the growing demand for natural colorants is driving the demand for beta carotene, which is ultimately expected to push the demand for Dunaliella salina biomass across the globe.
Dunaliella Salina Market Growth Trend
Increasing Demand for Clean-label Products
Food products containing natural, familiar, and simple ingredients are clean-label products. The clean label is a consumer-driven movement demanding a return to real food and transparency through authenticity. Due to the rising demand for organic, natural, and ‘free from’ artificial ingredients, the demand for natural food-colored products is expected to increase across the globe. Also, growing health concerns among the global population and the increasing awareness about the benefits of consuming clean-label ingredients are the key driving factors for the growth of the clean-label ingredients market, including algal pigments such as beta carotene.
Moreover, consumers are becoming increasingly aware of the ill effects of consuming synthetic raw materials, such as synthetic food colors used to produce various types of food and beverage products. For instance, as per a survey conducted by the International Food Information Council in 2021, approximately 64% of U.S. adults showed interest in purchasing foods prepared using clean-label ingredients. The food colors are the key ingredients to create the food of consumer interest and with no artificial ingredients. Beta carotene extracted from algae Dunaliella salina is largely used as a colorant for beverage and food applications. Thus, growing awareness and demand for clean-label products drive the growth of the Dunaliella Salina market.
Dunaliella Salina Market Analysis: Key Findings
By End User: In 2024, the Extraction Companies Segment to Dominate the Dunaliella Salina Market
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. In 2024, the extraction companies are expected to account for the largest share of 31.6% of the Dunaliella Salina market. Moreover, this segment is projected to record the highest CAGR of 4.9% during the forecast period due to the growing demand for carotenoids, including beta-carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin in the manufacture of food & beverage, cosmetics, animal feed, dietary supplements, and other products.
Geographical Analysis
Europe: The Dominating Regional Market for Dunaliella Salina
Based on geography, the Dunaliella Salina market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of 38.5% of the Dunaliella Salina market. Europe Dunaliella Salina market is estimated to be worth USD 20.4 million in 2024. The large market share of this region is mainly attributed to the growing demand for natural colorants from various end-use industries and the huge food & beverage industry. Moreover, this region is projected to register the highest CAGR of 4.8% during the forecast period mainly due to the huge food & beverage industry, rising health and wellness trends, stringent government regulations against the use of synthetic colorants, and rising government focus on the algae industry in the region.
Dunaliella Salina Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the Dunaliella Salina market 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).
Dunaliella Salina Industry Overview: Latest Development from Key Industry Players
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In July 2020, Monzón Biotech S.L (Spain) launched a new product based on Dunaliella salina for feeding artemias.
Dunaliella Salina Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
95 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
4% |
|
Market Size (Value) |
USD 69.60 Million by 2031 |
|
Market (Volume) |
942 tons by 2031 |
|
CAGR (Volume) |
7.5% |
|
Segments Covered |
By End User
|
|
Countries Covered |
North America (U.S., Canada), Asia-Pacific (China, Australia, Japan, India, and Rest of Asia-Pacific), Europe (France, Germany, Italy, Spain, U.K., Netherlands, Denmark, Sweden, and Rest of Europe), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Israel, Egypt, Saudi Arabia, South Africa, United Arab Emirates (UAE), and Rest of Middle East & Africa) |
|
Key Companies |
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). |
Key questions answered in the dunaliella salina market report:
Dunaliella salina is a unicellular, green, halophilic microalgae species generally found in environments with high salt concentrations. Dunaliella salina’s rich nutritional profile and high quantity of antioxidants, along with a vast spectrum of vital phytonutrients, make it an active ingredient in the nutritional supplements and cosmetics industries. Also, it contains many mixed carotenoids, including alpha-carotene, beta-carotene, zeaxanthin, lutein, cryptoxanthin, and abundant unsaturated fatty acids. Dunaliella salina is largely traded in the powdered form.
The Dunaliella Salina market study provides valuable insights into the market size and forecast in terms of both value and volume by end-user and country/region.
The Dunaliella Salina market is projected to reach $69.60 million by 2031, at a CAGR of 4% during the forecast period 2024–2031.
The extraction companies segment is projected to record a higher growth rate during the forecast period 2024–2031.
- Drivers
- Increasing demand for natural-source beta-carotene
- Rising need for natural colorants
- Growing use of Dunaliella salina in the cosmetics industry
The key players operating in the Dunaliella Salina market 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.
Europe is projected to record the highest growth rate of 4.8% during the forecast period of 2024–2031. The growth of this regional market is attributed to the rising health and wellness trends, strict government regulations against the use of synthetic colorants, and rising government focus on the algae industry in the region.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interview with Key Opinion Leaders
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Dunaliella Salina Market Analysis: By End User
3.3. Regional Analysis
3.4. Market Competitors & Competitive Landscape
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Rising Demand for Natural-source Beta-carotene Products
4.2.2. Rising Need for Natural Colorants
4.2.3. Growing Use of Dunaliella Salina in the Cosmetics Industry
4.3. Restraints
4.3.1. Complexities in Dunaliella Salina Production Processes
4.4. Challenges
4.4.1. Risk of Contamination
4.5. Trends
4.5.1. Increasing Demand for Clean-label Products
5. Dunaliella Salina Market Assessment–by End User
5.1. Overview
5.2. Extraction Companies
5.3. Food & Beverage Companies
5.4. Feed Companies
5.5. Nutraceutical & Health Supplement Companies
5.6. Pharmaceutical Companies
5.7. Cosmetics Companies
6. Dunaliella Salina Market Assessment–by Geography
6.1. Overview
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.3. Europe
6.3.1. Germany
6.3.2. France
6.3.3. U.K.
6.3.4. Italy
6.3.5. Spain
6.3.6. Netherlands
6.3.7. Denmark
6.3.8. Sweden
6.3.9. Rest of Europe (RoE)
6.4. Asia-Pacific
6.4.1. China
6.4.2. Australia
6.4.3. Japan
6.4.4. India
6.4.5. Rest of Asia-Pacific (RoAPAC)
6.5. Latin America
6.5.1. Brazil
6.5.2. Mexico
6.5.3. Argentina
6.5.4. Rest of Latin America (RoLATAM)
6.6. Middle East & Africa
6.6.1. Israel
6.6.2. Egypt
6.6.3. Saudi Arabia
6.6.4. South Africa
6.6.5. United Arab Emirates (UAE)
6.6.6. Rest of the Middle East & Africa (RoMEA)
7. Competition Analysis
7.1. Overview
7.2. Competitive Dashboard
7.2.1. Industry Leaders
7.2.2. Market Differentiators
7.2.3. Vanguards
7.2.4. Emerging Companies
8. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
8.1. Algalimento SL
8.2. Seagrass Tech Private Limited
8.3. Plankton Australia Pty Limited
8.4. Hangzhou OuQi Food Co., Ltd.
8.5. Shaanxi Rebecca Bio-Tech Co., LTD
8.6. Nutragreenlife Biotechnology Co., Ltd.
8.7. IBR Ltd.
8.8. Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH)
8.9. Monzón Biotech S.L.
8.10. Algafuel S.A.
8.11. Fuqing King Dnarmsa Spirulina Co., Ltd.
9. Appendix
9.1. Available Customization
9.2. Related Reports
List of Tables
Table 1 Global Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 2 Global Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 3 Global Dunaliella Salina Market for Extraction Companies, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Dunaliella Salina Market for Extraction Companies, by Country/Region, 2022–2031 (Tons)
Table 5 Global Dunaliella Salina Market for Food & Beverage Companies, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Dunaliella Salina Market for Food & Beverage Companies, by Country/Region, 2022–2031 (Tons)
Table 7 Global Dunaliella Salina Market for Feed Companies, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Dunaliella Salina Market for Feed Companies, by Country/Region, 2022–2031 (Tons)
Table 9 Global Dunaliella Salina Market for Nutraceutical & Health Supplement Companies, by Country/Region, 2022–2031 (USD Million)
Table 10 Global Dunaliella Salina Market for Nutraceutical & Health Supplement Companies, by Country/Region, 2022–2031 (Tons)
Table 11 Global Dunaliella Salina Market for Pharmaceutical Companies, by Country/Region, 2022–2031 (USD Million)
Table 12 Global Dunaliella Salina Market for Pharmaceutical Companies, by Country/Region, 2022–2031 (Tons)
Table 13 Global Dunaliella Salina Market for Cosmetics Companies, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Dunaliella Salina Market for Cosmetics Companies, by Country/Region, 2022–2031 (Tons)
Table 15 Global Dunaliella Salina Market, by Region, 2022–2031 (USD Million)
Table 16 Global Dunaliella Salina Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Dunaliella Salina Market, by Region, 2022–2031 (Tons)
Table 18 Global Dunaliella Salina Market, by Country/Region, 2022–2031 (Tons)
Table 19 North America: Dunaliella Salina Market, by Country, 2022–2031 (USD Million)
Table 20 North America: Dunaliella Salina Market, by Country, 2022–2031 (Tons)
Table 21 North America: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 22 North America: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 23 U.S.: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 24 U.S.: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 25 Canada: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 26 Canada: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 27 Europe: Dunaliella Salina Market, by Country/Region, 2022–2031 (USD Million)
Table 28 Europe: Dunaliella Salina Market, by Country/Region, 2022–2031 (Tons)
Table 29 Europe: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 30 Europe: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 31 Germany: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 32 Germany: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 33 France: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 34 France: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 35 U.K.: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 36 U.K.: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 37 Italy: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 38 Italy: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 39 Spain: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 40 Spain: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 41 Netherlands: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 42 Netherlands: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 43 Denmark: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 44 Denmark: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 45 Sweden: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 46 Sweden: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 47 Rest of Europe: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 48 Rest of Europe: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 49 Asia-Pacific: Dunaliella Salina Market, by Country/Region, 2022–2031 (USD Million)
Table 50 Asia-Pacific: Dunaliella Salina Market, by Country/Region, 2022–2031 (Tons)
Table 51 Asia-Pacific: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 52 Asia-Pacific: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 53 China: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 54 China: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 55 Australia: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 56 Australia: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 57 Japan: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 58 Japan: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 59 India: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 60 India: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 61 Rest of Asia-Pacific: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 62 Rest of Asia-Pacific: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 63 Latin America: Dunaliella Salina Market, by Country/Region, 2022–2031 (USD Million)
Table 64 Latin America: Dunaliella Salina Market, by Country/Region, 2022–2031 (Tons)
Table 65 Latin America: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 66 Latin America: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 67 Brazil: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 68 Brazil: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 69 Mexico: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 70 Mexico: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 71 Argentina: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 72 Argentina: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 73 Rest of Latin America: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 74 Rest of Latin America: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 75 Middle East & Africa: Dunaliella Salina Market, by Country/Region, 2022–2031 (USD Million)
Table 76 Middle East & Africa: Dunaliella Salina Market, by Country/Region, 2022–2031 (Tons)
Table 77 Middle East & Africa: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 78 Middle East & Africa: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 79 Israel: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 80 Israel: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 81 Egypt: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 82 Egypt: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 83 Saudi Arabia: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 84 Saudi Arabia: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 85 South Africa: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 86 South Africa: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 87 United Arab Emirates: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 88 United Arab Emirates: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
Table 89 Rest of the Middle East & Africa: Dunaliella Salina Market, by End User, 2022–2031 (USD Million)
Table 90 Rest of the Middle East & Africa: Dunaliella Salina Market, by End User, 2022–2031 (Tons)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for this Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 The Extraction Companies Segment is Expected to Dominate the Dunaliella Salina Market in 2024
Figure 8 Europe to be the Fastest-Growing Regional Market
Figure 9 Impact Analysis of Market Dynamics
Figure 10 Global Dunaliella Salina Market, by End User, 2024–2031 (USD Million)
Figure 11 Global Dunaliella Salina Market, by Region, 2024–2031 (USD Million)
Figure 12 Global Dunaliella Salina Market, by Region, 2024–2031 (Tons)
Figure 13 North America: Dunaliella Salina Market Snapshot (2024)
Figure 14 Europe: Dunaliella Salina Market Snapshot (2024)
Figure 15 Asia-Pacific: Dunaliella Salina Market Snapshot (2024)
Figure 16 Latin America: Dunaliella Salina Market Snapshot (2024)
Figure 17 Middle East & Africa: Dunaliella Salina Market Snapshot (2024)
Figure 18 Competitive Dashboard: Dunaliella Salina Market
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