Dunaliella Salina Market Size & Forecast

The Dunaliella Salina Market is projected to reach $69.60 million by 2031, at a CAGR of 4% during the forecast period of 2024–2031. In terms of volume, the Dunaliella Salina market is projected to reach 942 tons by 2031, at a CAGR of 7.5% during the forecast period of 2024–2031. The growth of this market can be attributed to several factors, including the increasing demand for naturally sourced beta-carotene, the rising need for natural colorants, and the growing use of Dunaliella salina in the cosmetics industry. Moreover, the increasing demand for clean-label products is a major trend in the Dunaliella Salina market.

However, the complexities involved in the production of Dunaliella Salina are expected to hinder the growth of this market. Furthermore, the risk of Dunaliella salina contamination poses a major challenge impacting the growth of the Dunaliella Salina market.

Dunaliella Salina Market Growth Drivers

Increasing Demand for Naturally Sourced Beta-carotene Fuels the Growth of the Dunaliella Salina Market

Beta-carotene is a part of the carotenoid family and is an antioxidant derived from natural and synthetic sources. It is the main safe dietary source of vitamin A, essential for normal growth and development, proper immune system function, and healthy skin, epithelia, and vision.

Naturally sourced beta-carotene has several advantages over synthetic beta-carotene. Some of the disadvantages of synthetic beta-carotene include its lack of nutritional value, side effects, and higher incidences of lung cancer and mortality. To overcome all these disadvantages, key beta-carotene extraction companies are now developing carotene products from natural sources, including algae, fruits, and vegetables.

Dunaliella salina is one of the richest sources of natural beta-carotene. It contains a high quantity of carotenoids (12.6% of the dry weight), which comprises more than 60.4% of beta-carotene. Thus, owing to Dunaliella salina being the richest source of natural beta-carotene and the growing demand for natural-source beta-carotene, the demand for Dunaliella salina is increasing worldwide.

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Rising Need for Natural Colorants Fuels the Growth of the Dunaliella Salina Market

Globally, the rapid use of artificial production sources to increase food production has led to various health hazards. Nowadays, rising health consciousness and inclination toward environment-friendly products are driving demand for naturally grown food products. Thus, with the growing demand for natural products, manufacturers are widely using natural colors to restore the attractiveness of the products after processing.

Natural colors or dyes are mainly obtained from algae, plants, animals, fruits, and insect sources; thus, they are safe to use as a food additive as they are free of harmful side effects. Due to non-toxic or less toxic properties and fewer side effects, therapeutic uses of natural colors are also escalating. The governments of various countries are supporting the use of natural food colors as they are biodegradable and do not cause pollution after disposal. Moreover, several regulations have been passed in many regions regarding the use of natural colors instead of synthetic food colors, which is further expected to drive the demand for natural food colors across the globe. According to the consumer advocacy group Centre for Science in the Public Interest (CSPI), artificial food coloring presents many health risks.

Moreover, increasing government support for encouraging the adoption of natural food colors in various food and beverage applications, increasing consumer preference for organic and clean label products, and the general “health and wellness” trend will continue to influence the demand for natural food colors across the globe. Beta-carotene, a Dunaliella salina extraction, is highly used to provide a yellow to orange color to foods and cosmetics products. Moreover, extracted beta carotene from Dunaliella salina is mainly used as a colorant in bakeries, beverages, functional drinks, coating, compound seasoning, confectionery, flour products, frozen drinks, cheese, dairy products, margarine, jam, cooked meat products, egg products, jelly, and puffed food products.

Therefore, the growing demand for natural colorants is driving the demand for beta carotene, which is ultimately expected to push the demand for Dunaliella salina biomass across the globe.

Dunaliella Salina Market Growth Trend

Increasing Demand for Clean-label Products

Food products containing natural, familiar, and simple ingredients are clean-label products. The clean label is a consumer-driven movement demanding a return to real food and transparency through authenticity. Due to the rising demand for organic, natural, and ‘free from’ artificial ingredients, the demand for natural food-colored products is expected to increase across the globe. Also, growing health concerns among the global population and the increasing awareness about the benefits of consuming clean-label ingredients are the key driving factors for the growth of the clean-label ingredients market, including algal pigments such as beta carotene.

Moreover, consumers are becoming increasingly aware of the ill effects of consuming synthetic raw materials, such as synthetic food colors used to produce various types of food and beverage products. For instance, as per a survey conducted by the International Food Information Council in 2021, approximately 64% of U.S. adults showed interest in purchasing foods prepared using clean-label ingredients. The food colors are the key ingredients to create the food of consumer interest and with no artificial ingredients. Beta carotene extracted from algae Dunaliella salina is largely used as a colorant for beverage and food applications. Thus, growing awareness and demand for clean-label products drive the growth of the Dunaliella Salina market.

Dunaliella Salina Market Analysis: Key Findings

By End User: In 2024, the Extraction Companies Segment to Dominate the Dunaliella Salina Market

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 2024, the extraction companies are expected to account for the largest share of 31.6% of the Dunaliella Salina market. Moreover, this segment is projected to record the highest CAGR of 4.9% 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.

Geographical Analysis

Europe: The Dominating Regional Market for Dunaliella Salina

Based on geography, the Dunaliella Salina market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of 38.5% of the Dunaliella Salina market. Europe Dunaliella Salina market is estimated to be worth USD 20.4 million in 2024. The large market share of this region is mainly attributed to the growing demand for natural colorants from various end-use industries and the huge food & beverage industry. Moreover, this region is projected to register the highest CAGR of 4.8% 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, and rising government focus on the algae industry in the region.

Dunaliella Salina Market: Key Companies

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the 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).

Dunaliella Salina Industry Overview: Latest Development from Key Industry Players

• In July 2020, Monzón Biotech S.L (Spain) launched a new product based on Dunaliella salina for feeding artemias.

Dunaliella Salina Market Research Summary

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