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Dunaliella Salina Market Size - By Application (Food and Beverage Industry, Nutraceuticals and Dietary Supplements, Cosmetics and Personal Care Products, Biotechnology and Biofuel Production, Aquaculture and Animal Feed) & Global Forecast 2023 – 2032

  • Report ID: GMI6358
  • Published Date: Jul 2023
  • Report Format: PDF

Dunaliella Salina Market Size

Dunaliella Salina Market size was valued at USD 88 million in 2022 and is projected to grow at a CAGR of over 4.4% during 2023 and 2032. Driven by the product usage in aquaculture and animal feed applications. The increasing cognizance of high nutrient content of dunaliella salina among fish & shrimp farmers, that can enhance the growth and immune response of aquatic organisms, leading to improved yields and overall health, can be listed at the primary growth driver.
 

Dunaliella Salina Market

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Dunaliella Salina Market Growth Drivers & Restraints

The microalgae's rich nutrient profile and potential health benefits have caught the attention of health-conscious individuals seeking natural & sustainable dietary supplements. Nutraceutical companies are capitalizing on this opportunity, incorporating dunaliella salina extracts into various health products such as dietary supplements, functional foods, and beverages. However, the availability of synthetic alternatives and regulatory constraints are restraining the dunaliella salina industry expansion. Also, strict guidelines and requirements imposed by regulatory bodies to ensure safety, quality, and compliance with environmental standards will pose as a significant challenge for industry players.
 

COVID-19 Impact

The COVID-19 pandemic had both positive and negative impacts on the dunaliella salina market. On one hand, the increased focus on health & wellness during the pandemic shifted the consumer interest in natural and nutrient-rich ingredients. As people sought ways to boost their immune systems and overall well-being, the demand for products containing Dunaliella salina's beneficial compounds surged. The disruptions in the supply chain and logistical constraints impacted the transportation of raw materials and finished products, leading to temporary fluctuations in availability and pricing. Similarly, economic slowdown in some regions affected consumer spending patterns, impacting the overall market growth.
 

Dunaliella Salina Market Trends

The ongoing R&D efforts on dunaliella salina are leading to innovations in cultivation techniques and product formulations, enhancing the microalgae's applications across various sector. Additionally, strategic partnerships & collaborations between key players in the industry are fostering knowledge exchange and market penetration, opening new avenues for dunaliella salina products worldwide. These trends collectively indicate a promising future for the market, fueled by the growing preference for sustainable and health-enhancing solutions across diverse sectors.
 

Dunaliella Salina Market Analysis

Global Dunaliella Salina Market Size, By Application, 2021 - 2032 (USD Million)

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The dunaliella salina market share from cosmetics & personal care products application is poised to grow over 2023-2032, owing to the product utilization as a valuable natural ingredient. The microalgae's rich content of carotenoids, particularly beta-carotene, makes it a sought-after addition to skincare formulations. Beta-carotene acts as a potent antioxidant, protecting the skin from environmental stressors and promoting a healthy, radiant complexion. Furthermore, dunaliella salina's natural pigmentation properties make it a desirable choice for cosmetic products, providing gentle and eco-friendly alternatives to synthetic colorants. The ever-growing cosmetics & personal care industry, in consort with the demand for clean, sustainable, and naturally-derived cosmetic solutions will generate revenues for the market.
 

Moving, the biotechnology & biofuel production application segment will also favor the dunaliella salina market growth through 2032, as dunaliella salina is widely utilized for various biotechnological processes and biofuel generation. Due to its ability to accumulate high levels of lipids and carotenoids, the product is considered an excellent candidate for biofuel production. The microalgae's rapid growth rate and ability to thrive in various environmental conditions make it an attractive biofuel feedstock. In addition, researchers are exploring its potential in other biotechnological applications, such as pharmaceutical production, wastewater treatment, and carbon capture, positioning dunaliella salina as a versatile and valuable resource in advancing eco-friendly technologies for the future.
 

North America Dunaliella Salina Market Size, 2020- 2032 (USD Million)

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North America dunaliella salina market size was worth more than USD 20 million in 2022 and is reckoned to showcase impressive growth trends through 2032. The increasing focus on health & wellness, coupled with a growing preference for natural products, has fueled the demand for dunaliella-based supplements, functional foods, and cosmetics. Moreover, the thriving aquaculture and animal feed industries in North America have embraced dunaliella salina as a valuable feed supplement, contributing to enhanced yields and improved animal health. The AFIA (American Feed Industry Association) revealed the COVID-19 projections with Decision Innovation Solutions firm, as per which, the total feel consumption in 2025 will reach over 263M Tons, worth more than USD 50 billion, in the best-case scenario.
 

Additionally, R&D initiatives in the region have spurred innovations in Dunaliella cultivation techniques and product formulations, driving further market expansion and creative lucrative opportunities for the industry players in North America.
 

Dunaliella Salina Market Share

Major participants in the global dunaliella salina market are

  • Algatechnologies Ltd.
  • Cyanotech Corporation
  • Nutress B.V.
  • Plankton Australia Pty Ltd.
  • Shanghai Haoyue Group Co., Ltd.
  • EID Parry (India) Ltd.
  • New Shores Holdings Limited
  • Aquapharm Biodiscovery
  • Parry Nutraceuticals
  • Borregaard LignoTech 

Dunaliella Salina Industry News

  • In February 2023, inventor Mattityahu Avshalomov from Ramat Gan, Israel, received a US patent for a tearless baby skincare preparation featuring dunaliella salina extract, along with pharma-grade water, stabilizer, essential nutrients, and an emulsifier. The innovative formulation offers gentle and nourishing care for delicate baby skin.
     

This market research report on dunaliella salina includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Application

  • Food and Beverage Industry
  • Nutraceuticals and Dietary Supplements
  • Cosmetics and Personal Care Products
  • Biotechnology and Biofuel Production
  • Aquaculture and Animal Feed
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for dunaliella salina was reached USD 88 million in 2022 and is projected to grow at a CAGR of 4.4% during 2023 and 2032. Driven by the product usage in aquaculture and animal feed applications.
The dunaliella salina market share from cosmetics & personal care products application is poised to grow over 2023-2032, owing to the product utilization as a valuable natural ingredient.
North America dunaliella salina industry value was worth more than USD 20 million in 2022 and is reckoned to showcase impressive growth trends through 2032, owing to the increasing focus on health & wellness, coupled with the thriving aquaculture and animal feed industries in the region.
Algatechnologies Ltd., Cyanotech Corporation, Nutress B.V., Plankton Australia Pty Ltd., Shanghai Haoyue Group Co., Ltd., EID Parry (India) Ltd., New Shores Holdings Limited, Aquapharm Biodiscovery, Parry Nutraceuticals, and Borregaard LignoTech among others.

Dunaliella Salina Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 89
  • Countries covered: 21
  • Pages: 100
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