Meticulous Research® Unveils Global Forecast for Dunaliella Salina Market Growth by 2028

Redding, California - September 30, 2021 - Meticulous Research®, a leading market research firm, has recently published a comprehensive report on the Dunaliella Salina Market, forecasting robust growth at a CAGR of 4% from 2021 to 2028, reaching an estimated value of $122.9 million. Additionally, the market volume is expected to surge at a CAGR of 3.7%, reaching 1,691.6 tons by 2028.

Market Drivers: The projected growth is attributed to a surge in demand for natural-source beta carotene, an escalating need for natural colorants, and the expanding use of Dunaliella Salina in the cosmetics sector. The rising consumer demand for clean-label products further fuels the market's upward trajectory.

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Challenges: However, the market growth may face hindrances due to complexities involved in Dunaliella Salina production.

Segmentation and Analysis: The Dunaliella Salina market is segmented based on end-users, including Extraction Companies, Food & Beverage Companies, Feed Companies, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, and Cosmetics Companies. Among these, Extraction Companies are anticipated to dominate the market share in 2021 and are poised to achieve the highest CAGR during the forecast period.

Geographical Insights: Geographically, Asia-Pacific is projected to hold the largest market share in 2021, driven by the presence of local and regional players, government initiatives promoting algae use, and growing consumption of natural food ingredients. Europe is expected to register the highest CAGR due to a substantial food & beverage industry, increasing health and wellness trends, stringent regulations against synthetic colorants, and a rising focus on the algae industry.

Key Players: Key players in the global Dunaliella Salina Market include Algalimento SL, Seagrass Tech Private Limited, Plankton Australia Pty Ltd, Hangzhou OuQi Food co., Ltd., Shaanxi Rebecca Bio-Tech Co., LTD, Nutragreenlife Biotechnology Co., Ltd., IBR Ltd., Xi’an Fengzu Biological Technology Co., Ltd., Monzón Biotech S.L., A4F – Algafuel S.A., and Fuqing King Dnarmsa Spirulina Co., Ltd.

Scope of the Report:

Dunaliella Salina Market, by End User: Extraction Companies, Food & Beverage Companies, Feed Companies, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies.

Dunaliella Salina Market, by Geography: Asia-Pacific (China, Australia, Japan, India, RoAPAC), North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, RoE), Latin America (Brazil, Mexico, Argentina, RoLATAM), Middle East & Africa (Israel, RoMEA).

Amidst this crisis, Meticulous Research® continues to assess the impact of the COVID-19 pandemic on various sub-markets, enabling global organizations to strategize for the post-COVID-19 world and sustain their growth.

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