Meticulous Research®, a premier global market research firm, has published a new report titled ‘Europe Nannochloropsis Market by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies, Other Applications) - Forecast to 2030’.
According to this comprehensive analysis, the European Nannochloropsis market is projected to reach USD 4.79 million by 2030, growing at a CAGR of 9.0% from 2023 to 2030. The market's volume is expected to hit 39.93 tons by 2030, with a CAGR of 9.6% during the same period.
Several factors are driving the growth of this market, including a rising demand for algae-based protein, the increasing need for protein- and lipid-rich aquafeeds, and a growing interest in omega-3 fatty acids. Additionally, the biodiesel sector’s expansion offers lucrative opportunities for Nannochloropsis manufacturers in Europe. However, the complex production process poses a significant challenge to market growth.
Market Segmentation
The Europe Nannochloropsis 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 anticipated to hold the largest market share due to its broad application in aquaculture hatcheries. Frozen Nannochloropsis is valued for its high content of essential fatty acids like EPA and ARA. This segment is expected to grow at the highest CAGR during the forecast period, benefiting from its effectiveness in managing lipid-enriched rotifer production.
• By Application: This market segment includes aquafeed, extraction companies, and other applications. The aquafeed segment is projected to dominate the market in 2023. Nannochloropsis sp. is widely used in aquaculture for its high nutritional value and its ability to produce beneficial compounds such as pigments and polyunsaturated fatty acids. The segment is expected to experience the highest growth due to the expanding aquaculture industry and rising demand for protein-rich 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 expected to lead the market in 2023, driven by a robust aquaculture sector, government support for the fishery industry, and a shift towards healthier lifestyles. Additionally, the growing demand from the biodiesel sector and the increase in vegetarianism are expected to present new 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 Ricerche Srl (Italy).
Download Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=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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