Meticulous Research®, a leading authority in global market research, has released a new report titled ‘Europe Nannochloropsis Market by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies, Other Applications) – Forecast to 2030’.
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The report projects that the European Nannochloropsis market will reach USD 4.79 million by 2030, with a CAGR of 9.0% from 2023 to 2030. In volume terms, the market is anticipated to grow to 39.93 tons by 2030, at a CAGR of 9.6% during the forecast period.
Key factors driving this growth include the increasing demand for algae protein, a rising need for protein- and lipid-rich aquafeeds, and heightened demand for omega-3 fatty acids. The biodiesel sector’s expansion further enhances opportunities for Nannochloropsis producers. However, the complex production process remains a significant challenge.
Market Segmentation
The market is segmented by form, application, and geography:
- By Form: The market is divided into frozen, liquid, powder, and fresh pastes. In 2023, the frozen segment is expected to dominate the market due to its critical role in aquaculture hatcheries and its rich fatty acid content, including EPA and ARA. This segment is projected to grow at the highest CAGR due to its benefits in managing lipid-enriched rotifer production.
- By Application: The market is segmented into aquafeed, extraction companies, and other applications. The aquafeed segment is expected to lead in 2023, driven by Nannochloropsis sp.’s extensive use in aquaculture for its nutritional value and its production of valuable compounds such as pigments and polyunsaturated fatty acids. This segment is projected to grow rapidly due to increasing demand for high-quality aquafeeds.
- By Geography: The market is categorized into Spain, Portugal, Germany, Italy, France, the U.K., Denmark, Sweden, and the Rest of Europe. Spain is forecasted to hold the largest market share in 2023, supported by a robust aquaculture industry, favorable government policies, and a growing emphasis on healthier diets. The demand from the biodiesel sector and increasing vegetarianism are expected to create additional growth opportunities for Nannochloropsis manufacturers in Spain.
Key Players:
The key players operating in the Europe Nannochloropsis market are BlueBioTech Group (Germany), Reed Mariculture Inc. (U.S.), Necton S.A. (Portugal), Astaxa GmbH (Germany), Proviron Industries NV (Belgium), Allmicroalgae Natural Products S.A. (Portugal), Algatechnologies Ltd. (A Part of Solabia Group) (Israel), Monzón Biotech S.L. (Spain), A4f Algae for Future (Portugal), AlgaSpring B.V. (Netherlands), and Archimede RicercheSrl (Italy).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/europe-nannochloropsis-market-5489
Key questions answered in the report-
- Which are the high-growth market segments in terms of type, form, application, and country/region?
- What was the historical market for Nannochloropsis across Europe?
- What are the market forecasts and estimates for the period of 2023–2030?
- What are the major drivers, restraints, challenges, opportunities, and trends in the Europe Nannochloropsis market?
- Who are the major players in the Europe market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- What is the competitive landscape for the Europe Nannochloropsis market?
- What are the recent developments in the Europe Nannochloropsis market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the Europe Nannochloropsis market, and how do they compete with other players?
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