TOP 10 COMPANIES IN EUROPE MICROALGAE MARKET
Added: (Wed Jan 03 2024)
Pressbox (Press Release) -
The Europe Microalgae Market is set to experience a robust growth trajectory, with a projected value of $491.9 million by 2030, reflecting an impressive Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period of 20232030. This surge is driven by various factors, including the increasing consumer inclination toward health & wellness trends, a thriving dietary supplements industry, rising demand for natural food colors, growing vegetarianism, and the expanding nutraceuticals industry. Additionally, the preference for microalgae-sourced products and heightened awareness regarding the benefits of microalgae contribute significantly to market growth.
In terms of volume, the Europe Microalgae Market is expected to reach 25,465 tons by 2030, showcasing a notable CAGR of 8.3% during the forecast period.
Despite these positive trends, challenges such as low awareness regarding the benefits of microalgae and complexities in the production of algae products are anticipated to restrain market growth.
Key Market Dynamics:
The market is witnessing a rising demand for phycocyanin, coupled with a growing interest in microalgae among biorefineries, providing opportunities for market growth.
However, contamination risks pose a major challenge for market players.
The adoption of new production technologies, especially photobioreactors, is a notable trend in the Europe microalgae market.
Top 10 Companies Shaping the Europe Microalgae Market: https://meticulousblog.org/top-10-companies-in-europe-microalgae-market/
1. DIC Corporation (Japan)
Specializes in manufacturing printing inks and offers microalgae products, including spirulina and phycocyanin.
2. Cyanotech Corporation (U.S.)
Cultivates and produces natural products derived from microalgae for health and dietary supplements, offering spirulina and astaxanthin products.
3. E.I.D. Parry (India) Limited (India)
Engaged in manufacturing sugar, biopesticides, and nutraceuticals, offering organic spirulina, chlorella, astaxanthin, and microalgal products.
4. C.B.N. Bio-Engineering Co., Ltd (China)
Specializes in R&D, manufacturing, and selling spirulina, chlorella, and haematococcus pluvialis, offering organic spirulina and chlorella powders.
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5. Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan)
Specializes in chlorella production and distribution of chlorella-based products, offering tablets, extracts, powder, and related products.
6. Algatechnologies Ltd. (Israel)
Develops and cultivates microalgae, producing nannochloropsis and natural astaxanthin, catering to nutrition, food & beverages, and cosmetics industries.
7. Allmicroalgae Natural Products S.A. (Portugal)
Engaged in microalgae production and offers chlorella and spirulina ingredients for supplements, food, and feed applications.
8. Zhejiang Binmei Biotechnology Co., Ltd. (China)
Manufactures high-quality spirulina extracts and other products for the food, health, cosmetics, and pharmaceutical industries.
9. Sun Chlorella Corporation (Japan)
Produces and sells chlorella, astaxanthin, eleuthero, Agaricus, and anserine for health management & nutritional support.
10. AlgoSource (France)
Offers end-to-end services, including microalgae production, engineering, and sales of natural products like chlorella and spirulina.
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Meticulous Research, in its latest publication on the Europe Microalgae Market, forecasts a significant growth of 9.3% during the forecast period of 2023-2030. This surge underscores the market's potential, driven by evolving consumer preferences, health-conscious trends, and the versatility of microalgae-based products.
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