Europe's Nannochloropsis Market Expected to Reach $4.79 Million by 2030

 

Meticulous Research®, an influential global market research organization, has issued a report titled ‘Europe Nannochloropsis Market by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies, Other Applications) - Forecast to 2030’.

The report reveals that the European Nannochloropsis market is anticipated to reach USD 4.79 million by 2030, with a CAGR of 9.0% from 2023 to 2030. The market is also projected to reach 39.93 tons in volume by 2030, growing at a CAGR of 9.6% during the forecast period.

The market’s expansion is driven by increased demand for algae protein, a growing need for protein- and lipid-rich aquafeeds, and heightened interest in omega-3 fatty acids. Additionally, the expanding biodiesel industry offers promising growth opportunities for Nannochloropsis manufacturers. However, the complex production process of Nannochloropsis can restrain market growth.

Market Segmentation

The market is segmented by form, application, and geography:

  • By Form: The Europe Nannochloropsis market is categorized into frozen, liquid, powder, and fresh pastes. In 2023, the frozen segment is expected to hold the largest market share due to its extensive use in aquaculture hatcheries and its high fatty acid content, including EPA and ARA. This segment is projected to grow at the highest CAGR, as frozen Nannochloropsis supports efficient management in 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 extensively used in aquaculture for its nutritional value and its ability to produce valuable compounds such as pigments and polyunsaturated fatty acids. This segment is expected to grow rapidly due to the expanding aquaculture industry and the increasing demand for protein-rich aquafeeds.
  • By Geography: The Europe Nannochloropsis market is segmented into Spain, Portugal, Germany, Italy, France, the U.K., Denmark, Sweden, and the Rest of Europe. Spain is forecasted to capture the largest market share in 2023, driven by a thriving aquaculture sector, government support, and a growing focus on healthier lifestyles. Additionally, the demand from the biodiesel sector and the increasing number of vegetarians are expected to create new opportunities for Nannochloropsis producers 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?

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

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