Global Haematococcus Market, By Product Type (Oil Extract, Powder Extract, Beadle Extract), Application (Nutraceuticals, Cosmetics Industry, Food Industry, Aquaculture Industry, Instant Powdered Mix Drinks) – Industry Trends and Forecast to 2029.
Haematococcus Market Analysis and Size
The demand for natural astaxanthin for nutraceuticals, rising demand for natural food colourants, and rising awareness of clean-label products are all major contributors to the expansion of the haematococcus market. Further, it is anticipated that the increasing usage of natural astaxanthin in aquaculture and poultry production would present profitable prospects for producers in the haematococcus industry.
Data Bridge Market Research analyses that the haematococcus market which was USD 70.15 million in 2021, would rocket up to USD 193.19 million by 2029, and is expected to undergo a CAGR of 13.50% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Haematococcus Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Oil Extract, Powder Extract, Beadle Extract), Application (Nutraceuticals, Cosmetics Industry, Food Industry, Aquaculture Industry, Instant Powdered Mix Drinks)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Cyanotech Corporation (U.S.), E.I.D. - Parry (India) Limited (India), BlueBioTech International GmbH (Germany), Algatech Ltd. (Israel), Tianjin Norland Biotech Co., Ltd. (China), AlgaeCan Biotech Ltd. (Canada), AstaReal AB (Sweden), Yunnan Alphy Biotech Co., Ltd. (China), Fenchem (China), Piveg, Inc. (U.S.), BDI-BioLife Science GmbH (Austria), Sea & Sun Organic GmbH (Germany)
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Market Opportunities
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Market Definition
Haematococcus is a promising astaxanthin source of microalgae. During the red growth phase, a carotenoid that is pigmented and an antioxidant builds up. Astaxanthin derived from algae is frequently employed in pharmaceutical products because of its enhanced antioxidant activity and therapeutic potential. Recent studies have confirmed the brilliant red carotenoid's capacity to squelch free radicals and lessen oxidative stress, and have linked these effects to the benefits of cardiovascular health, sports nutrition and recovery, and skin and joint health.
Haematococcus Market Dynamics
Drivers
- Rising consumer preferences for commercially significant microalgae
In the forecast period of 2022–2029, factors such as rising consumer preferences for commercially significant microalgae, the adoption of bio-refineries and sustainable farming practises, rising demand for nutraceuticals and natural oxidants, and rising product usage in cosmetics and pharmaceuticals are some that are likely to boost the growth of the haematococcus market.
- Rising levels of investment
On the other hand, rising levels of investment in the creation of cutting-edge and ground-breaking technologies will further boost a number of opportunities that will contribute to the expansion of the haematococcus market during the time covered by the forecast.
- Rising demand for natural astaxanthin
This market's expansion is primarily attributable to rising demand for natural astaxanthin for nutraceuticals, rising interest in natural food colorings, and rising consumer awareness of clean-label goods. Furthermore, it is anticipated that the market for haematococcus pluvialis would provide manufacturers lucrative prospects as a result of the rising use of natural astaxanthin in poultry and aquaculture.
Opportunities
The market's growth is fuelled by growing awareness amongst the physicians and patients. This will provide beneficial opportunities for the market growth.
Restraints/Challenges
On the other hand, increasing cost of bio-refinery along with lack of awareness among the people will obstruct the market's growth rate.
This haematococcus market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the haematococcus market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Haematococcus Market Scope
The haematococcus market is segmented on the basis of product type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Oil Extract
- Powder Extract
- Beadle Extract
Application
- Nutraceuticals
- Cosmetics Industry
- Food Industry
- Aquaculture Industry
- Instant Powdered Mix Drinks
Haematococcus Market Regional Analysis/Insights
The haematococcus market is analysed and market size insights and trends are provided by country, product type, application as referenced above.
The countries covered in the haematococcus market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the haematococcus market due to the prevalence of non-profit organisations and manufacturers.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising awareness and prevalence of healthcare professionals.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Haematococcus Market Share Analysis
The haematococcus market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to haematococcus market.
Some of the major players operating in the haematococcus market are:
- Cyanotech Corporation (U.S.)
- E.I.D. - Parry (India) Limited (India)
- BlueBioTech International GmbH (Germany)
- Algatech Ltd. (Israel)
- Tianjin Norland Biotech Co., Ltd. (China)
- AlgaeCan Biotech Ltd. (Canada)
- AstaReal AB (Sweden)
- Yunnan Alphy Biotech Co., Ltd. (China)
- Fenchem (China)
- Piveg, Inc. (U.S.)
- BDI-BioLife Science GmbH (Austria)
- Sea & Sun Organic GmbH (Germany)
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