Dunaliella is a genus of the algae family Dunaliellaceae. Dunaliella salina is a unicellular, green, halophilic microalgae species generally found in environments with high salt concentration. Dunaliella salina’s rich nutritional profile of high quantity anti-oxidants along with a vast spectrum of vital phytonutrients makes it an active ingredient in the nutritional supplements and cosmetics industries. Natural beta-carotene from Dunaliella salina is a pro-vitamin A, which is converted to retinol (Vitamin A) in the body as required. It also contains all-trans beta-carotene and the equivalent stereoisomers, 9-cis, 13-cis, and di-cis beta-carotenes in equal amounts. 9-cis beta-carotene is of particular nutritional and medical interest as a retinoid precursor, RXR. Dunaliella salina is also in high demand for its therapeutic effects in several macular diseases.
Moreover, the clean-label consumer-driven movement demands a return to real food and transparency through authenticity. Food products containing natural, familiar, and simple ingredients are clean-label products. Thus, due to the rising demand for organic, natural, and ‘free from artificial ingredients’ products, the demand for natural food colorant products is expected to increase worldwide. Also, growing health concerns among the global population and the increasing awareness regarding the benefits of consuming clean-label ingredients are the key driving factors for the growth of the clean-label ingredients market, which includes algal pigments such as beta-carotene. Consumers have become increasingly aware of the ill effects of consuming synthetic products such as synthetic food colors used in food and beverages. Beta-carotene extracted from the algae Dunaliella salina is largely used as a colorant in food & beverage applications. According to the latest publication on the Dunaliella Salina Market by Meticulous Research®, the Dunaliella salina market is expected to record a CAGR of 3.9% from 2020 to 2027 to reach $122.9 million by 2027. Also, in terms of volume, the Dunaliella salina market is expected to register a CAGR of 4.0% from 2020 to 2027 to reach 1,629.1 tons by 2027.
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The growth of this market is supported by the increasing demand for natural-source beta-carotene, the rising need for natural colorants, and the growing use of Dunaliella salina in the cosmetics industry. Moreover, the increasing demand for clean-label products further supports the growth of this market. However, complexities in Dunaliella salina production are expected to hinder the growth of this market.
To provide efficient analysis, Meticulous Research® has segmented this market based on end user (extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies) and geography (Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.
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Scope of the Report
Dunaliella Salina Market, by End User
- Extraction Companies
- Food & Beverage Companies
- Feed Companies
- Nutraceutical & Health Supplement Companies
- Pharmaceutical Companies
- Cosmetics Companies
Dunaliella Salina Market, by Geography
- RoAPAC (Rest of Asia-Pacific)
- North America
- RoE (Rest of Europe)
- Latin America
- RoLATAM (Rest of Latin America)
- Middle East & Africa
- RoMEA (Rest of the Middle East & Africa)
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Geographically, Asia-Pacific is expected to command the major share of the Dunaliella salina market in 2020, followed by North America and Europe. The leading position of the Asia-Pacific region is primarily attributed to the presence of several local and regional players, various government initiatives to promote the use of algae in several industries, and the rising demand for natural food ingredients and processed food products in emerging and developing countries, including India, China, Indonesia, and Thailand. However, Europe is expected to register the highest CAGR during the forecast period mainly due to its huge food & beverage industry, strict regulations against the usage of synthetic colorants, the growing health and wellness trend, the huge demand for natural colorants among various end-use industries, and rising government focus on the algae industry in the region.
Based on the end user, the extraction companies segment is expected to command the largest share of the Dunaliella salina market in 2020. This segment is also expected to record the highest CAGR during the forecast period because of the growing demand for carotenoids, including beta-carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin in the manufacture of food & beverage, cosmetics, animal feed, and dietary supplements, among others products.
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The major players operating in the Dunaliella salina market are Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Ltd (Australia), Hangzhou OuQi Food co., Ltd. (China), Shaanxi Rebecca Bio-Tech Co., LTD (China), Nutragreenlife Biotechnology Co., Ltd. (China), IBR Ltd. (Israel), Xi’an Fengzu Biological Technology Co., Ltd. (China), Monzón Biotech S.L. (Spain), A4F – Algafuel S.A. (Portugal), and Fuqing King Dnarmsa Spirulina Co., Ltd. (China), among others.
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