Meticulous Research®, a prominent global market research firm, released a report titled, ‘Europe Nannochloropsis Market by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies, Other Application) - Forecast to 2030.’
According to the latest report by Meticulous Research®, the Europe Nannochloropsis market is projected to reach a value of USD 4.79 million by 2030, growing at a CAGR of 9.0% from 2023 to 2030. In terms of volume, the market is expected to reach 39.93 tons by 2030, with a CAGR of 9.6% over the same forecast period.
The expansion of this market is fueled by heightened interest in algae protein, escalating requirements for aquafeed rich in protein and lipids, and the rising demand for omega-3 fatty acids, all of which contribute to the growth of the Nannochloropsis market. Moreover, there are promising growth prospects for Nannochloropsis manufacturers in Europe due to increasing demand from the biodiesel sector. However, the intricate production process of Nannochloropsis poses a limitation to market growth to some degree.
The Nannochloropsis market in Europe is categorized according to form, application, and geographical region.
Based on form, In the Europe Nannochloropsis market, segmentation includes frozen, liquid, powder, and fresh pastes. The frozen segment is anticipated to hold the largest market share in 2023. This dominance is attributed to its versatile applications in aquaculture hatcheries, where frozen Nannochloropsis, being rich in fatty acids like EPA and ARA, serves as a crucial component in establishing the initial stages of an artificial food chain. Additionally, the frozen segment is projected to exhibit the highest CAGR during the forecast period, as frozen Nannochloropsis biomass facilitates convenient management in the production of lipid-enriched rotifers.
Based on application, In the Europe Nannochloropsis market, the primary segments include aquafeed, extraction companies, and other applications. By 2023, the aquafeed segment is projected to hold the largest market share. Nannochloropsis sp. stands out as one of the most commonly utilized microalgae in aquaculture, owing to its nutritional benefits and its capacity to produce valuable chemical compounds such as pigments (zeaxanthin, astaxanthin, and canthaxanthin) and polyunsaturated fatty acids (EPA). This segment is poised to exhibit the highest CAGR during the forecast period, driven by the expanding aquaculture industry in Europe, the growing aquafeed sector, and the rising demand for protein-rich aquafeeds.
Based on geography, The Europe Nannochloropsis market is divided into Spain, Portugal, Germany, Italy, France, the U.K., Denmark, Sweden, and the Rest of Europe. By 2023, Spain is anticipated to hold the largest share of this market. This prominence is linked to the expanding aquaculture sector's demand for aquafeed, supported by governmental backing for the fisheries industry and consumer preferences for healthier lifestyles. Furthermore, Spain presents promising growth prospects for Nannochloropsis manufacturers due to increasing demand from the biodiesel sector and the rising population of vegetarians.
Key Players:
Major players in the Europe Nannochloropsis market include 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 Ricerche Srl (Italy).
Download Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5489
Key questions answered in the report-
• What are the market segments experiencing rapid growth in terms of type, form, application, and country/region?
• What was the past market scenario for Nannochloropsis throughout Europe?
• What are the projected market forecasts and estimations for the timeframe spanning 2023 to 2030?
• What are the primary factors influencing, hindering, presenting challenges, offering opportunities, and shaping trends within the Europe Nannochloropsis market?
• Who are the key players in the European market, and what are their respective shares of the market?
• Which companies hold significant market shares in different countries, and what are their respective positions?
• How does the competitive environment look in the Europe Nannochloropsis market?
• What are the latest advancements or updates within the Europe Nannochloropsis market?
• What are the various strategies employed by the key players in the market?
• What are the significant geographical patterns, and which countries are experiencing notable growth within the market?
• Which local newcomers are making an impact in the Europe Nannochloropsis market, and how do they stack up against established players?
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research