According to a new market research report titled, “Dunaliella Salina Market by End User (Extraction Companies, Food & Beverage Companies, Feed Companies, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies) and Geography — Global Forecast to 2028,” published by Meticulous Research®, the Dunaliella salina market is expected to grow at a CAGR of 4% from 2021 to 2028 to reach $122.9 million by 2028. Also, in terms of volume, the Dunaliella salina market is expected to grow at a CAGR of 3.7% from 2021 to 2028 to reach 1,691.6 tons by 2028. The growth of this market is mainly attributed to the increasing demand for natural-source beta carotene, the rising need for natural colorants, and the increasing use of Dunaliella salina in the cosmetics industry. Moreover, increasing demand for clean-label products further supports the growth of this market. However, complexities involved in the production of Dunaliella salina are expected to hinder the growth of this market.
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The Dunaliella salina market studied in this report is majorly segmented by end user (extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies) and geography. The study also evaluates industry competitors and analyses the market at a country level.
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Based on end user, the Dunaliella salina market is mainly segmented into extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies. In 2021, the extraction companies segment is estimated to account for the largest share of the overall Dunaliella salina market. Moreover, this segment is expected to record the highest CAGR during the forecast period due to the growing demand for carotenoids, including beta carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin in the manufacture of food & beverage, cosmetics, animal feed, dietary supplements, and other products.
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