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Nannochloropsis Market Share

Report ID: GMI6183
Published Date: Jul 2023
Report Format: PDF

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Nannochloropsis Market Share

Major companies operating in the nannochloropsis market include:

Reed Mariculture
Cellana
Algatech
Varicon Aqua Solutions
Nutrex Hawaii
Guangdong Runke Bioengineering
Qingdao Jingling Ocean Technology,
Phyco Biotech.

They focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are heavily investing in research to introduce innovative products and garner maximum market revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of nannochloropsis was reached USD 4 million in 2022 and is projected to reach USD 15 million by 2032, due to the rising demand for seafood, including finfish and shellfish.

The aquaculture application segment is expected to record 6.6% CAGR from 2023-2032, owing to the higher demand for renewable and eco-friendly feeds in the aquaculture industry

Demand for nannochloropsis in the U.S. reached USD 1.8 million in 2022 and is expected to grow at lucrative pace through 2032, driven by the surging demand for seafood products and the decline in wild fish stocks.

Some of the major players operating in the market include Reed Mariculture, Cellana, Algatech, Varicon Aqua Solutions, Nutrex Hawaii, Guangdong Runke Bioengineering, Qingdao Jingling Ocean Technology, and Phyco Biotech.