Dunaliella Salina Market is segmented by End User (Extraction Companies, Food & Beverage Companies, Feed Companies, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies) and Geography.
Dunaliella Salina Market is anticipated to reach a market size value of USD 122.9 million by 2028, at 4.0% CAGR during the forecast period of 2021 to 2028. with respect to volume, the Dunaliella Salina market is also anticipated to set down a CAGR of 3.7% during the forecast period reaching a volume size of 1,691.62 tons by 2028.
Dunaliella salina is a micro-algae commonly found in high salt concentrated fields that is known for its high potent health benefits being rich in antioxidants, contains unsaturated lipids that aids in the reduction of cholesterol and fat in the blood. This is also useful in the reduction of inflammation in arthritis as well as brain function support and prevention of heart diseases. The growth of this market owes it to factors such as high demand in naturally sourced beta carotene, increasing demand for natural colorants, and Dunaliella salina’s high demand in the cosmetics industry. Demands for clean-labeled products additionally supports the growth of this market. Unfortunately, the hindrance on the growth of the market is the complications when it comes to the production of Dunaliella salina.
The Impact of COVID-19 on the Dunaliella Salina Market
Emerging market as well as major industries will have to adapt to the changes that will be imposed upon them by their governments and adopt strategic ways to elevate their game in the market. Containing the widespread of the virus is a difficult challenge to all of the countries because many sectors will have to compromise and deal with the effects in the most advantageous way possible. A solid pull back on the growth of the Dunaliella salina market is the disruption of supply chain since manufacturing and distribution of key players or companies are being limited, if not, controlled by governments through imposing lock downs and halting travels across borders.
The real challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade has been put off in many countries. This in turn affected production, causing fewer volume of product sales. Dunaliella salina suppliers have also experienced repercussion because imports and exports in almost all countries have been restricted. The lock downs have caused a delay in the operations and facility shutdowns became a real challenge that these key players needed to face. Some raw materials needed for the production can only actually be acquired through importing and suppliers in turn, were having a hard time exporting these supplies due to border restrictions and hold up.
The algae industry has witnessed an enormous set back with respect to sales of spirulina in the first quarter of 2021 because logistics and transportation issues arise. The market also suffered interruptions in Dunaliella salina bio-mass production, packaging and distribution.
Key Findings in the Dunaliella Salina Market
In terms of end user, the market is further segmented into extraction companies, food & beverage companies, feed companies, nutraceutical & health supplements companies, pharmaceutical companies, and cosmetics companies. Extraction companies segmented are projected to still be the largest end user during the forecast period. This segment also is projected to have the highest CAGR in 2021-2028 due to factors such as increasing demand in the food and beverage industry for carotenoids, counting alpha carotene, beta carotene, lutein, zeaxanthin and cryptoxanthin as well as its popularity in the cosmetics, animal feeds and dietary supplements industry.
Regional Market Analysis
In terms of geography, Asia Pacific is projected to have the largest share accounted for in the market in 2021, next would be Europe and North America. This dominance in the market can be attributed to growth factors such as, emergence of local and regional players, support and initiatives from the government with regard to the cultivations of seaweeds in industries, high demand for organic, natural foods, Dunaliella Salina are being applied in many ways especially in food, as well as the immense demand for processed food products in the regions of India, China, Indonesia, and Thailand. Europe on the other hand, is projected to have the highest CAGR during the forecast period mainly owing to factors like, demands in the food and beverage industry, new trends in health and wellness, strict government regulations regarding using of artificial colorants, increasing demand by end users in several industries for natural colorants and the rising government support on the cultivation of algae industry in the said region.
Based on an extensive assessment, these major key players on the Dunaliella salina market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies 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 - Algae for Future (Portugal), and Fuqing King Dnarmsa Spirulina Co., Ltd. (China).
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• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
End User Analysis (Revenue, USD Million, 2021 - 2028)
• Extraction Companies
• Food & Beverage Companies
• Feed Companies
• Nutraceutical & Health Supplement Companies
• Pharmaceutical Companies
• Cosmetics Companies
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Dunaliella Salina Industry Research Report
• Europe Dunaliella Salina Industry Research Report
• Asia Pacific Dunaliella Salina Industry Research Report
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