Global Haematococcus Pluvialis Market – Industry Trends and Forecast to 2029

Haematococcus Pluvialis Market Analysis and Size

Haematococcus pluvialis are used in a variety of industries to commercially manufacture valuable end products such as food and beverage, nutraceuticals, pharmaceuticals, paints and colorants, Haematococcus pluvialis, fertiliser, and fuel. Carotenoids, lipids, algal proteins, hydrocolloids, and other Haematococcus pluvialis are useful and in high demand for end-product manufacturing. The various forms of microalgae or seaweed and microalgae, such as blue-green algae (BGA), red algae, and brown algae, are used to create useful products that are rich in healthy nutrients.

Data Bridge Market Research analyses that the haematococcus pluvialis market which was growing at a value of USD 0.148 billion in 2021 and is expected to reach the value of USD 0.40 billion by 2029, at a CAGR of 13.2% during the forecast period of 2022-2029. 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 includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Haematococcus Pluvialis Market Scope and Segmentation

Market Definition

The freshwater microalga haematococcus pluvialis is commercially grown for its valuable astaxanthin content. This unicellular alga is found all over the world in stagnant waters and turns red when stressed by factors such as intense light or nutrient deprivation. Haematococcus pluvialis gets its red colour from high concentrations of astaxanthin, so it's also known as "red algae" or "red seaweed".

Haematococcus pluvialis Market Dynamics

Drivers

• Growing adoption of dietary supplements due to increase in chronic diseases

Increase prevalence of chronic diseases, and individuals' changing lifestyles, there is a significant increase in the consumption of healthy food products and dietary supplements all over the world. This is one of the most significant factors influencing market growth. Aside from that, haematococcus pluvialis are widely used to remove and transform pollutants such as nutrients, heavy metals, and xenobiotic from wastewater.

 Increase demand of algae based products in cosmetic and pharmaceutical industries

Haematococcus pluvialis products help increase the skin's elasticity and suppleness and stimulate the renewal of damaged skin cells. Aside from that, as they help with detoxification, cleansing, and toning the skin, they are widely used in the beauty and personal care industries all over the world.

Furthermore, green haematococcus pluvialis are abundant, resilient, and cost-effective, they are widely used in biologic drugs all over the world. They are used in the production of pharmaceuticals, vitamins, vaccines, nutraceuticals, and other nutrients to treat diabetes, multiple sclerosis, and cancer. This, along with the increasing adoption of haematococcus pluvialis to produce livestock for aquaculture varieties, such as fish for cultivation, is driving market growth.
Opportunity

Furthermore, the increase in government and private initiatives supporting aquaculture research and development and consumer demand for natural ingredients will increase opportunities for the growth of the haematococcus pluvialis market.

Restraints

However, the high cost of production and the impact of climatic conditions on haematococcus pluvialision will slow the market's growth rate. Furthermore, ingestion of algae-based prescription medicine commodities such as chlorella, sun microalgae, and spirulina caused gastrointestinal, abdominal, and nauseous symptoms. This factor will impede the overall growth of the haematococcus pluvialis market. Furthermore, a lack of R&D activities in developing countries and a lack of awareness will pose challenges to the haematococcus pluvialis market throughout the forecast period.

This haematococcus pluvialis 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 pluvialis market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Haematococcus Pluvialis Market

The COVID-19 pandemic has significantly impacted the astaxanthin market, highlighting the importance of safe, healthy, and nutritive eating habits among consumers worldwide. A growing number of health-conscious people prefer natural food colouring agents that have fewer side effects than other chemical products, which is a significant driver expected to drive market growth.

Recent Development

• In 2021, Lycored will launch an oleoresin derived from haematococcus pluvialis algae designed for soft gels and a microencapsulated starch beadlet, cold water dispersible microencapsulated solution for beverages, and dry mixes in Branchburg, New Jersey.
• AstaReal AB (Nacka, Sweden) will introduce natural astaxanthin to the European pet food and animal feed markets in 2021. The ingredient will be known as Novasta, and it will be used to make antioxidant-rich products for a variety of animals in Nacka, Sweden.
• DSM announced the completion of its acquisition of Erber Group in Heerlen, Netherlands, for an enterprise value of EUR 980 million in 2020.

Global Haematococcus Pluvialis Market Scope

The haematococcus pluvialis market is segmented on the basis of type and 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.

Type

• Astaxanthin Ingredients

Application

• Nutraceuticals & Dietary Supplements
• Food & Beverages
• Pharmaceuticals
• Personal Care
• Feed
• Specialty Chemical
• Paints and Colorants
• Biofuel
• Fertilizers
• Pollution Control
• Others

Distribution Channel

• Direct
• Indirect

Haematococcus Pluvialis Market Regional Analysis/Insights

The haematococcus pluvialis market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the haematococcus pluvialis market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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 Global (APAC) in the Global (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.

China dominates the market due to high consumption and production of algae-based products, which results in high market demand. Along with this, the main reason is a large population that is increasingly interested in healthy food products, in which algae-based ingredients play an important role.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Pluvialis Market Share Analysis

The haematococcus pluvialis 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 pluvialis market.

Some of the major players operating in the haematococcus pluvialis market are:

• DSM (Netherlands)
• BASF SE (Germany)
• Lonza Group (Switzerland)
• Glanbia Plc (Ireland)
• ADM (U.S.)
• Farbest Brands (U.S.)
• SternVitamin GmbH & Co. KG (Germany)
• Adisseo (France)
• BTSA Biotechnologias Aplicadas S.L. (Spain)
• Rabar Pty Ltd (Australia)
• Orkla Health (Norway)
• Epax (Norway)
• BioProcess Algae LLC (U.S.)
• Croda International plc (U.K.)

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