Global Nannochloropsis Market - 2023-2030

Market Overview

Global Nannochloropsis Market reached US$ 8.5 billion in 2022 and is expected to reach US$ 14.7 billion by 2030 growing with a CAGR of 7.1% during the forecast period 2023-2030.

Increase in the utilization of nannochloropsis microalgae in the bioremediation processes to remove pollutants helps to boost market growth over the forecast period. Increase in the demand of the sustainable and environmentally friendly feed sources helps to boost market growth of the nannochloropsis Market.

Rising seafood consumption globally creats opportunity for the nannochloropsis market. Increase in the research and development in the nannochloropsis cultivation have the potential to increase the production efficiency of nannochloropsis Market.

Market Dynamics

Increasing in the Applications of Nannochloropsis in Aquafeed Helps to Boost Market Growth

Nannochloropsis consists of omega-3 fatty acids, which include eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). These fatty acids are critical for fish and shrimp as they contribute to mind improvement, immune system feature, and ordinary power. With declining fish stocks and growing requirement of omega-three fatty acids, Nannochloropsis gives a sustainable and reliable supply of those precious nutrients.

Aquatic organisms have precise dietary requirement that is fulfil by feeding them Nannochloropsis. Nannochloropsis has been determined to be fantastically palatable to many species of fish and shrimp, making it an attractive factor in aquafeed. Additionally, its small cell size and cell wall composition make it without difficulty digestible for aquatic organisms, allowing them to efficaciously extract the nutrients from the feed.

Increasing Application of the Nannochloropsis in the Nutraceuticals Industry Helps to Boost Market Growth

Nutraceuticals are nutrition products that provide additional health advantages in addition to the fundamental nutritional content present in foods. Nutraceuticals containing microalgae like Nannochloropsis have seen a tremendous increase in popularity in recent years. Nannochloropsis is a valuable source of nutraceuticals because it can produce lutein, astaxanthin, beta carotene, phycobiliprotein, and chlorophyll, among other biomolecules with bioactive properties.

Consumers are become more interested in nutraceuticals as a result of their potential nutritional, safety, and their therapeutic effects. It is used to improve delay aging, health, prevent chronic diseases, or helps to support the body's functioning. The overall global market for nutraceuticals is predicted to expand from around USD 209 billion in 2017 to USD 373 billion in 2025, according to the Association for Packaging and Processing Technologies.

High Production Cost of the Nannochloropsis Hampers Market Growth of Nannochloropsis Market

Nannochloropsis needs vitamins, nitrogen and phosphorus, for most appropriate growth. Providing those nutrients in the required portions have high priced, specially if they're sourced externally. Developing price-powerful and sustainable nutrient deliver techniques is important to reduce production prices.

Addressing the high manufacturing cost of nannochloropsis is a important component of nannochloropsis slow growth. Overcoming this venture calls for improvements in cultivation techniques, infrastructure optimization, and the development of value-powerful inputs and tactics. Research and innovation efforts, which include genetic engineering and pressure selection, play a important function in enhancing nannochloropsis's productiveness and cost-efficiency.

COVID-19 Impact

The pandemic has caused disruptions in international supply chains, together with the transportation of products and uncooked substances. These disruptions should impact the provision of essential inputs for nannochloropsis cultivation, inclusive of nutrient assets or system, and probably lead to deliver constraints. The pandemic has encouraged patron behavior and market dynamics.

Changes in the international economy consumer spending patterns, negatively affected the demand for nannochloropsis. The pandemic has diverted assets and attention toward public health and vaccine improvement efforts. This redirection of resources had an effect on research and improvement sports related to nannochloropsis or its applications, probably affecting the pace of innovation and new product improvement.

Segment Analysis

The global nannochloropsis market is segmented based on form, cultivation method, application, and region.

Increase in the Comsumers Demand for the Frozen Nannochloropsis Due to its Shelf Life.

The global nannochloropsis market by type has been segmented by frozen, liquid, powder, and fresh pastes.

Freezing nannochloropsis helps to expand its shelf life by keeping its nutritional content and inhibiting microbial increase. The ability to shop and use frozen nannochloropsis over an extended period makes it a convenient and dependable option for diverse programs. Frozen nannochloropsis can be stored in freezers, making it simply available whenever wished. This comfort ensures a stable deliver of nannochloropsis all through the year regardless of seasonal fluctuations or cultivation cycles.

Frozen nannochloropsis can be used in diverse industries which includes aquaculture, animal feed, biofuel production, and nutritional dietary supplements. Its versatility and long shelf lifestyles make it adaptable to extraordinary market desires and needs. Frozen nannochloropsis aligns with sustainability desires as it reduces waste and useful resource consumption. The capability to freeze and keep nannochloropsis for extended periods lets in for higher usage of the harvested algal biomass, minimizing losses and optimizing useful resource performance. These riding uses contributed to the growing adoption of frozen nannochloropsis, allowing its integration into various industries.

Geographical Analysis

Increased Demand for Nannochloropsis in Europe Region Due to Increasing Consumers Demand for Aquaculture Feed

Some of the major key players in the Europe are BlueBioTech Group, Astaxa GmbH, Biotech S.L., AlgaSpring B.V. and Archimede Ricerche Srl. Launched new products in the region which helps to bost market growth over the forecast period. The aquaculture industry in Europe has been expanding due to growing demand for seafood products. As the production of farmed fish and other aquatic species rises the demand of the good quality aquaculture feed and nannochloropsis rises.

Nannochloropsis has good dietary composition and suitability for aquafeed formulations which helps to boost market growth in the Europe. Nannochloropsis, is a rich source of proteins, nutrients, minerals, and omega-3 fatty acids, which fulfil the dietary needs of these species. The increasing consumers demand for the sustainably produced and nutritionally balanced aquaculture products has driven the need for good aquaculture feed like Nannochloropsis.

Competitive Landscape

The major global players include: BlueBioTech Group, Reed Mariculture Inc., Necton S.A., Astaxa GmbH, Proviron Industries NV, Allmicroalgae Natural Products S.A., Algatechnologies Ltd., Monzon Biotech S.L., AlgaSpring B.V., and Archimede Ricerche Srl.

Why Purchase the Report?

• To visualize the global nannochloropsis market segmentation based on form, cultivation method, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of nannochloropsis market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global nannochloropsis market report would provide approximately 61 tables, 60 figures and 122 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies