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 and geography. The study also evaluates industry competitors and analyses the market at a country level.
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.

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Based on geography, the Dunaliella salina market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2021, Asia-Pacific is estimated to account for the largest share of the global Dunaliella salina market, followed by North America, Europe, Latin America, and the Middle East & Africa.

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However, the market in Europe is expected to register the highest CAGR during the forecast period mainly due to the huge food & beverage industry, rising health and wellness trends, stringent government regulations against the use of synthetic colorants, growing demand for natural colorants from various end-use industries, and rising government focus on the algae industry in the region.

Key players- operating in the global Dunaliella Salina Market are Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Ltd (Australia), Hangzhou OuQi Food co., Ltd. (China), Shaanxi Rebecca Bio-Tech Co., LTD (China), Nutragreenlife Biotechnology Co., Ltd. (China), IBR Ltd. (Israel), Xi’an Fengzu Biological Technology Co., Ltd. (China), Monzón Biotech S.L. (Spain), A4F – Algafuel S.A. (Portugal), and Fuqing King Dnarmsa Spirulina Co., Ltd. (China), among others

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/dunaliella-salina-market-5168

Key Questions Answered in the Report-
• Which are the high-growth market segments in terms of end user and region/country?
• What was the historical market size for Dunaliella salina across the globe?
• What are the market forecasts and estimates for 2021–2028?
• What are the major drivers, restraints, opportunities, and challenges for the global Dunaliella salina market?
• Who are the major players in the global Dunaliella salina market?
• How is the competitive landscape, and who are the market leaders in the global Dunaliella salina market?
• What are the recent developments in the global Dunaliella salina market?
• What are the geographical trends and high-growth regions/countries?
• Who are the local emerging players in the global Dunaliella salina market, and how do they compete with the global players?

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