Dunaliella Salina Market to Reach $122.9 Million by 2028, Fueled by Growing Demand for Natural Beta Carotene

[Redding, California] - Meticulous Research®, a leading market intelligence company, has published a comprehensive report projecting the Dunaliella salina market to exhibit a robust Compound Annual Growth Rate (CAGR) of 4% from 2021 to 2028, reaching a valuation of $122.9 million. Additionally, in terms of volume, the market is expected to witness a CAGR of 3.7%, reaching 1,691.6 tons by 2028. The market's growth trajectory is primarily attributed to the escalating demand for natural-source beta carotene, the surging need for natural colorants, and the expanding utilization of Dunaliella salina in the cosmetics industry. Furthermore, the rising consumer preference for clean-label products further bolsters market expansion. However, complexities associated with Dunaliella salina production pose potential challenges to market growth.

Download Sample Copy: https://www.meticulousresearch.com/download-sample-report/cp_id=5168

Market Segmentation and Geographic Analysis

The Dunaliella salina market, as analyzed in the report, is predominantly segmented by end user, including extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies. In 2021, extraction companies are estimated to hold the largest market share, driven by the escalating demand for various carotenoids in food & beverage, cosmetics, animal feed, and dietary supplements. Moreover, this segment is poised to witness the highest CAGR during the forecast period.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is anticipated to dominate the global market in 2021, supported by the presence of numerous local and regional players, government initiatives promoting algae utilization, and increasing consumption of natural food ingredients in countries like India, China, Indonesia, and Thailand. However, Europe is forecasted to exhibit the highest CAGR during the forecast period, driven by factors such as a thriving food & beverage industry, rising health and wellness trends, and stringent regulations favoring natural colorants.

Key Players and Scope of the Report

Some of the prominent players operating in the global Dunaliella Salina Market include Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Ltd (Australia), and others. The report provides a comprehensive analysis of industry competitors, market segmentation by end user and geography, and evaluates market dynamics at a country level.

Speak to Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5168 

Navigating Post-COVID-19 World

In response to the ongoing COVID-19 pandemic, Meticulous Research® continually evaluates its impact on various sub-markets, enabling global organizations to strategize for the post-pandemic world and sustain their growth. For customized insights into the impact of COVID-19 on specific industries.

Increasing Demand for Naturally Sourced Beta Carotene Fuels the Growth of the Dunaliella Salina Market

Beta carotene is a part of the carotenoids family and is an antioxidant derived from natural and synthetic sources. It is the main safe dietary source of vitamin A, essential for normal growth and development, proper immune system function, healthy skin, epithelia, and vision.

Naturally sourced beta carotene has several advantages over synthetic beta carotene. Some of the disadvantages of synthetic beta carotene include its lack of nutritional value, side effects, and higher incidences of lung cancer and mortality. To overcome all these disadvantages, key beta carotene extraction companies are now developing carotene products from natural sources, including algae, fruits, and vegetables. Dunaliella salina is one of the richest sources of natural beta carotene. It contains a high quantity of carotenoids (12.6% of the dry weight), comprising more than 60.4% of beta carotene. Thus, owing to Dunaliella salina being the richest source of natural beta carotene and the growing demand for natural-source beta carotene, the demand for Dunaliella salina is increasing worldwide.

Buy Now: https://www.meticulousresearch.com/Checkout/64916029

Based on end user, the Dunaliella salina market is mainly segmented into extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies. In 2021, the extraction companies segment is estimated to account for the largest share of the overall Dunaliella salina market. Moreover, this segment is expected to record the highest CAGR during the forecast period due to the growing demand for carotenoids, including beta carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin in the manufacture of food & beverage, cosmetics, animal feed, dietary supplements, and other products.

Similar Reports:

Europe Dunaliella Salina Market: https://www.meticulousresearch.com/download-sample-report/cp_id=5497

About Us:
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

This release was published on openPR.