Redding, California, April 13, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, ‘Haematococcus Pluvialis Market by Product (Astaxanthin Ingredients {Oleoresin, Beadlets}), Astaxanthin Bulk Finished Products {Capsules, Tablets}); Application (Nutraceuticals, Aquaculture, Cosmetics, Food), and Geography - Global Forecast to 2030,’ published by Meticulous Research®, in terms of value, the haematococcus pluvialis market is projected to reach $189.8 million by 2030, at a CAGR of 13.3% from 2023 to 2030, while in terms of volume, the market is projected to reach 1,369.9 tons by 2030, at a CAGR of 14.8% from 2023 to 2030.
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Haematococcus pluvialis is green microalgae, also known as phytoplankton, and is a rich source of astaxanthin. Haematococcus pluvialis microalga creates astaxanthin to protect itself from stressful environmental conditions. Astaxanthin has powerful antioxidant, anti-cancer, and tyrosinase-inhibiting properties. It also has important applications in the nutraceuticals, cosmetics, food, and aquaculture industries.
The global haematococcus pluvialis market is segmented by product (astaxanthin ingredients {astaxanthin oleoresin, beadlets, whole biomass powder, water dispersible powder}), astaxanthin bulk finished products {capsules/softgels, tablets}); application (nutraceuticals, aquaculture & animal feed, cosmetics, food & beverages, pharmaceuticals); and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on product, in 2023, the astaxanthin ingredients segment is expected to account for the largest share of the global haematococcus pluvialis market. The key factors contributing to the large market share of this segment are the growing end-use applications of the astaxanthin ingredients, rising awareness about preventive healthcare & nutraceuticals, rising demand for natural antioxidants, growing cosmetic & personal care markets, and government initiatives to support the aquaculture industry.
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Based on application, in 2023, the nutraceuticals segment is expected to account for the largest share of the global haematococcus pluvialis market. The large market share of this segment is mainly attributed to the increasing demand for natural astaxanthin derived from haematococcus in the nutraceuticals industry due to its potential effects on various diseases, including cancers, hypertension, diabetes, cardiovascular, gastrointestinal, and liver neurodegenerative, and several skin diseases.
However, the food & beverages segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising health awareness & food consciousness, growing demand for organic foods, rising use of natural food colors over synthetic, and increasing consumption of anti-oxidants in food & supplements.
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Based on geography, in 2023, North America is expected to account for the largest share of the global haematococcus pluvialis market. The major share of North America is primarily attributed to the increasing demand for natural food supplements and growing awareness about the adverse effects of chemical products among consumers. In addition, several awareness programs by various organizations are estimated to upsurge the regional market share. For instance, the Natural Algae Astaxanthin Association (NAXA) is focused on increasing awareness about astaxanthin usage. Further, haematococcus pluvialis algae have been approved for use as a dietary supplement ingredient in the U.S., and Canada is one of the major factors contributing to the growth of haematococcus pluvialis in North America.
The report includes an extensive assessment of the key strategic developments by leading market participants in the industry over the past 3–4 years. The haematococcus pluvialis market has witnessed several product launches, partnerships, agreements, and collaborations in recent years. The key players operating in the haematococcus pluvialis market are E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India), Cyanotech Corporation (U.S.), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), Sun Chlorella Corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Tianjin Norland Biotech Co., Ltd (China), Aliga Microalgae (Denmark), DAESANG Corporation (Korea), Plankton Australia Pty Limited (Australia), Shaanxi Rebecca Bio-Tech Co., Ltd (China), BlueBioTech Group (Germany), Algatechnologies Ltd. (A Part of Solabia Group) (Israel), AstaReal Group (Japan), Yunnan Alphy Biotech Co.,Ltd (China), Beijing Gingko Group (BGG) (U.S.), FENCHEM (China), PIVEG, Inc. (U.S.), Algamo s.r.o. (Czech Republic), Algalíf Iceland ehf. (Part of Sana Pharma Industries) (Iceland), Atacama Bio Natural Products S.A. (Chile), BDI BioLife Science GmbH (Austria), AstaMAZ NZ LTD (New Zealand), FjordAlg AS (Norway), Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH) (Germany), MC Biotech Sdn. Bhd. (Brunei Darussalam), Pond Technologies Inc. (Canada), Algicel, Biotecnologia e Investigação, Lda (Portugal), Algae to Omega, LLC (U.S.), Shaivaa Algaetech LLP (India), and Astaxa GmbH (Germany).
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Scope of the Report:
Haematococcus Pluvialis Market, by Product
- Astaxanthin Ingredients
- Astaxanthin Oleoresin
- Beadlets
- Whole Biomass Powder
- Water Dispersible Powder
- Astaxanthin Bulk Finished Products
- Capsules/Softgels
- Tablets
Haematococcus Pluvialis Market, by Application
- Nutraceutical
- Aquaculture and Animal Feed
- Cosmetics
- Food & Beverages
- Pharmaceuticals
Haematococcus Pluvialis Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Italy
- France
- Sweden
- Spain
- Russia
- Netherlands
- Denmark
- Poland
- Rest of Europe (RoE)
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Vietnam
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
- Middle East and Africa
- Israel
- Egypt
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa
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