Meticulous Research®, a top-tier global market research firm, has introduced 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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This report estimates that the Europe Nannochloropsis market will reach USD 4.79 million by 2030, growing at a CAGR of 9.0% from 2023 to 2030. By volume, the market is expected to attain 39.93 tons by 2030, with a CAGR of 9.6% during the forecast period.

The market’s growth is propelled by the increasing demand for algae protein, a higher need for protein- and lipid-rich aquafeeds, and a rising interest in omega-3 fatty acids. The expansion of the biodiesel industry further presents significant opportunities for Nannochloropsis producers. Nonetheless, the complex production process presents a challenge.

Market Segmentation

The Europe Nannochloropsis market is segmented into form, application, and geography:

By Form: The market is segmented into frozen, liquid, powder, and fresh pastes. The frozen segment is expected to lead in 2023 due to its widespread use in aquaculture hatcheries and its rich content of essential fatty acids like EPA and ARA. The frozen segment is projected to grow at the highest CAGR, benefiting from its effectiveness in managing lipid-enriched rotifer production.
By Application: The market is divided into aquafeed, extraction companies, and other applications. The aquafeed segment is anticipated to dominate in 2023. Nannochloropsis sp. is highly valued in aquaculture for its nutritional benefits and its production of beneficial compounds such as pigments and polyunsaturated fatty acids. This segment is expected to experience rapid growth due to the expanding aquaculture sector and increasing demand for high-quality aquafeeds.
By Geography: The market is segmented into Spain, Portugal, Germany, Italy, France, the U.K., Denmark, Sweden, and the Rest of Europe. Spain is forecasted to account for the largest market share in 2023, driven by a strong aquaculture industry, supportive government policies, and a growing focus on healthier lifestyles. 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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