Europe's Haematococcus Pluvialis Market: Poised to Reach $35 Million by 2030
Meticulous Research®—a leading global market research company, published a research report titled ‘Europe Haematococcus Pluvialis Market by Product (Astaxanthin Ingredients {Oleoresin, Beadlets}), Astaxanthin Bulk Finished Products {Capsules, Tablets}), Application (Nutraceuticals, Aquaculture, Cosmetics, Food), and Geography - Forecast to 2030’.
In the latest report by Meticulous Research®, it's forecasted that the Europe haematococcus pluvialis market will grow substantially, reaching a value of $35 million by 2030, with a Compound Annual Growth Rate (CAGR) of 13.4% from 2023 to 2030. Additionally, in terms of volume, the market is expected to reach 241.44 tons by 2030, with a CAGR of 14.5% during the same period.
This growth is primarily attributed to the rising demand for natural astaxanthin in nutraceutical applications, the increasing need for natural food colorants, and a growing awareness of clean-label products. However, the high production cost might pose a challenge to market growth.
Opportunities for market expansion lie in the rising demand for natural astaxanthin, particularly in poultry and aquaculture applications. Nevertheless, the intricate production process for haematococcus pluvialis remains a significant hurdle for industry players. Moreover, there's a noticeable trend towards natural self-grooming products in the European market.
The market segmentation includes various product categories such as astaxanthin ingredients (astaxanthin oleoresin, beadlets, whole biomass powder, water dispersible powder) and astaxanthin bulk finished products (capsules/softgel, tablets). Applications span across nutraceuticals, aquaculture & animal feed, cosmetics, food & beverages, and pharmaceuticals. Geographically, the market analysis covers major European countries like Germany, the U.K., Italy, France, Sweden, Spain, Russia, the Netherlands, Denmark, Poland, and others.
Notably, Germany is expected to dominate the market in 2023, followed by the U.K. and Italy. This is attributed to factors such as widespread usage of haematococcus pluvialis ingredients, increasing health-conscious consumer base, and growing environmental awareness.
The report also emphasizes the importance of health and wellness trends in driving consumer interest in nutraceuticals and other related products. Key players in the Europe haematococcus pluvialis market include E.I.D. - Parry (India) Limited, Cyanotech Corporation, Sun Chlorella Corporation, and others.
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https://www.meticulousresearch.com/download-sample-report/cp_id=5496
The report addresses key questions regarding market size, growth projections, historical data, factors influencing market growth, major opportunities, product and application segments, country-level trends, key players, and recent developments.
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Meticulous Research®
Email- sales@meticulousresearch.com
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https://www.linkedin.com/company/meticulous-researchEurope's Haematococcus Pluvialis Market: Poised to Reach $35 Million by 2030
Meticulous Research®—a leading global market research company, published a research report titled ‘Europe Haematococcus Pluvialis Market by Product (Astaxanthin Ingredients {Oleoresin, Beadlets}), Astaxanthin Bulk Finished Products {Capsules, Tablets}), Application (Nutraceuticals, Aquaculture, Cosmetics, Food), and Geography - Forecast to 2030’.
In the latest report by Meticulous Research®, it's forecasted that the Europe haematococcus pluvialis market will grow substantially, reaching a value of $35 million by 2030, with a Compound Annual Growth Rate (CAGR) of 13.4% from 2023 to 2030. Additionally, in terms of volume, the market is expected to reach 241.44 tons by 2030, with a CAGR of 14.5% during the same period.
This growth is primarily attributed to the rising demand for natural astaxanthin in nutraceutical applications, the increasing need for natural food colorants, and a growing awareness of clean-label products. However, the high production cost might pose a challenge to market growth.
Opportunities for market expansion lie in the rising demand for natural astaxanthin, particularly in poultry and aquaculture applications. Nevertheless, the intricate production process for haematococcus pluvialis remains a significant hurdle for industry players. Moreover, there's a noticeable trend towards natural self-grooming products in the European market.
The market segmentation includes various product categories such as astaxanthin ingredients (astaxanthin oleoresin, beadlets, whole biomass powder, water dispersible powder) and astaxanthin bulk finished products (capsules/softgel, tablets). Applications span across nutraceuticals, aquaculture & animal feed, cosmetics, food & beverages, and pharmaceuticals. Geographically, the market analysis covers major European countries like Germany, the U.K., Italy, France, Sweden, Spain, Russia, the Netherlands, Denmark, Poland, and others.
Notably, Germany is expected to dominate the market in 2023, followed by the U.K. and Italy. This is attributed to factors such as widespread usage of haematococcus pluvialis ingredients, increasing health-conscious consumer base, and growing environmental awareness.
The report also emphasizes the importance of health and wellness trends in driving consumer interest in nutraceuticals and other related products. Key players in the Europe haematococcus pluvialis market include E.I.D. - Parry (India) Limited, Cyanotech Corporation, Sun Chlorella Corporation, and others.
Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5496
The report addresses key questions regarding market size, growth projections, historical data, factors influencing market growth, major opportunities, product and application segments, country-level trends, key players, and recent developments.
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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