This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in the field of algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.
The Europe Dunaliella Salina Market is slated to register a CAGR of 4.8% from 2023–2030 to reach $27.1 million by 2030.The popularity of Dunaliella salina is rising due to changing lifestyles and the growing natural food trend, which positively impacts the demand for Dunaliella salina. The Europe Dunaliella salina market is driven by increasing demand for naturally-sourced beta carotene products, rising need for natural colorants, and increased use of Dunaliella salina in the cosmetics industry. However, the complex production process for Dunaliella salina is expected to restrain the growth of this market.
Increasing Demand for Naturally-Sourced Beta Carotene Products
Beta-carotene is a part of the carotenoid family and an antioxidant derived from natural and synthetic sources. It is the main safe dietary source of vitamin A, which is essential for normal growth and development, immune system functioning, and healthy skin, epithelium, and vision.
Naturally-sourced beta-carotene has several advantages over synthetic beta-carotene. Disadvantages of synthetic bet-carotene include its low nutritional value, various side effects, and the incidence of lung cancer and associated mortalities. To overcome these disadvantages, key manufacturers are developing beta-carotene products from natural sources, including algae, fruits, and vegetables. Dunaliella salina is a one of the richest sources of natural β-carotene. It accumulates a high quantity of carotenoids (12.6% of the dry weight of Dunaliella salina), with β-carotene comprising more than 60.4% of total carotenoids. Therefore, the increasing focus on natural-source beta-carotene products is expected to boost the demand for Dunaliella salina, driving the growth of this market during the forecast period.
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Rising Need for Natural Colorants
In Europe, the extensive use of artificial production sources to increase food production has resulted in various health hazards. As consumers become increasingly health-conscious and environmentally aware, there is a growing demand for naturally grown food products. Consequently, manufacturers are now widely using natural colors to enhance the visual appeal of products after processing and meet this demand for natural products.
Natural colors or dyes are primarily derived from sources such as algae, plants, animals, fruits, and insects, making them safe to use as a food additive and free of harmful side effects. The therapeutic applications of natural colors are also growing due to their non-toxic nature and minimal side effects. Many countries' governments support using natural food colors since they are biodegradable and do not cause pollution upon disposal. Moreover, in the EU, the European Commission has banned the use of titanium dioxide (E171) as a food additive since August 7, 2022. Several regulations have been passed to limit the use of synthetic food colors. Hence, European consumers are adopting natural colors and food products with natural ingredients. This trend has opened up opportunities for exporters of natural food colors, especially algae-based natural food colors.
Moreover, government initiatives promoting the use of natural food colors in food & beverage applications, increasing consumer preference for organic and clean-label products, and general health and wellness trends are expected to drive the demand for natural food colors globally. Beta-carotene, extracted from Dunaliella salina, is a popular natural colorant that provides a yellow-orange hue to food and cosmetic products. Its versatility allows it to be used in a wide range of products, including bakery goods, beverages, functional drinks, coatings, compound seasonings, confectionery, flour products, frozen drinks, cheese, dairy products, margarine, jams, cooked meat products, egg products, jelly, and puffed food products.
The European market for natural food colors is growing due to their health, safety, and sustainability benefits. Consumers’ increasing preference for natural ingredients has encouraged the F&B industry to adopt natural alternatives to synthetic ingredients. Major European importers of natural food colors include Germany, the Netherlands, Spain, Italy, France, the U.K. and Denmark. Thus, the rising need for natural colorants is boosting the demand for Dunaliella salina in Europe, driving the growth of this market.
Key Findings in the Dunaliella Salina Market Study:
In 2023, the Extraction Companies segment to Dominate the Europe Dunaliella Salina Market
Based on end user, the Europe Dunaliella salina market is segmented into extraction companies, food & beverage companies, feed companies, nutraceutical and health supplement companies, pharmaceutical companies, and cosmetic companies. In 2023, the extraction companies segment is expected to account for the largest share of the Europe Dunaliella salina market. The large market share of this segment is attributed to the growing use of Dunaliella salina by extraction companies due to the rising demand for natural algae-derived hydrocolloids like carotenoids, including beta-carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin from food & beverage, cosmetics, animal feed, dietary supplements, and other industries.
Germany: The Leading market in the Europe Dunaliella salina Market
The Europe Dunaliella salina market is segmented into Germany, France, the U.K., Italy, Spain, the Netherlands, Denmark, Sweden, and the Rest of Europe.
In 2023, Germany is expected to account for the largest share of the Europe Dunaliela salina market. Germany’s major market share is attributed to the growing food & beverage industry, rising health and wellness trends, growing demand for natural colorants from various end-use industries, and rising government focus on the algae industry in the country.
However, the U.K. is slated to register the highest CAGR during the forecast period. The growth of this market is attributed to the growing nutraceutical market and the well-established food and beverage industry. Moreover, in the U.K., microalgae are traditional crops harvested, extracted, and used for food and feed in coastal communities, which boosts the demand for Dunaliella salina in the U.K.
Key Players
The report offers a competitive scenario of the key market players based on an extensive assessment of their product portfolios, geographic presence, and key growth strategies adopted by them in the last three to four years. Some of the key players operating in the Europe Dunaliella salina market are Fuqing King Dnarmsa Spirulina Co., Ltd. (China), ALGALIMENTO SL (Spain), Hangzhou OuQi Food co., Ltd. (China), BlueBioTech Group (Germany), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Monzón Biotech S.L. (Spain), and A4f Algae for Future (Portugal).
Scope of the Report:
Europe Dunaliella Salina Market—by End User
Europe Dunaliella Salina Market—by Country/Region
Key Questions Answered in the Report:
The Europe Dunaliella salina market is projected to reach $27.1 million by 2030, at a CAGR of 4.8% from 2023 to 2030.
The extraction companies segment is slated to register the highest growth rate during the forecast period and provide significant opportunities for players operating in this market.
Complex Production Process for Dunaliella Salina
The major key players operating in the Europe Dunaliella salina market are Fuqing King Dnarmsa Spirulina Co., Ltd. (China), ALGALIMENTO SL (Spain), Hangzhou OuQi Food co., Ltd. (China), BlueBioTech Group (Germany), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Monzón Biotech S.L. (Spain), and A4f Algae for Future (Portugal).
The U.K. is slated to register the highest CAGR during the forecast period. The market growth in the U.K. is attributed to the well-established food & beverage industry. Moreover, in the U.K., microalgae are traditional crops harvested, extracted, and used for food and feed in coastal communities, boosting the demand for Dunaliella salina in the U.K.
This report provides pre & post COVID-19 market estimates.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.1.1. Top-down Approach
2.3.1.2. Bottom-up Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Europe Dunaliella Salina Market, End User Segment Analysis
3.2.2. Europe Dunaliella Salina Market Analysis, by Country/Region
3.3. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Increasing Demand for Naturally-sourced Beta-Carotene Products
4.2.2. Rising Need for Natural Colorants
4.2.3. Increased Use of Dunaliella Salina in the Cosmetics Industry
4.3. Restraints
4.3.1. Complexities in Dunaliella Salina Production
4.4. Challenges
4.4.1. Risk of Dunaliella Salina Contamination
4.5. Trends
4.5.1. Increasing Demand for Clean-label Products
4.6. Production and Consumption Analysis
4.7. Pricing Analysis
5. Europe Dunaliella Salina Market Assessment—by End User
5.1. Overview
5.2. Extraction Companies
5.3. Food & Beverage Companies
5.4. Feed Companies
5.5. Nutraceutical and Health Supplement Companies
5.6. Pharmaceutical Companies
5.7. Cosmetic Companies
6. Europe Dunaliella Salina Market Assessment—by Geography
6.1. Overview
6.2. Germany
6.3. France
6.4. U.K.
6.5. Italy
6.6. Spain
6.7. Netherlands
6.8. Denmark
6.9. Sweden
6.10. Rest of Europe (RoE)
7. Competition Analysis
7.1. Overview
7.2. Competitive Dashboard
7.2.1. Industry Leaders
7.2.2. Market Differentiators
7.2.3. Vanguards
7.2.4. Emerging Companies
7.3. Vendor Market Positioning
8. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
8.1. Fuqing King Dnarmsa Spirulina Co., Ltd.
8.2. Algalimento SL
8.3. Hangzhou Ouqi Food Co., Ltd.
8.4. Bluebiotech Group
8.5. Xi’an Fengzu Biological Technology Co., Ltd. (Fzbiotech)
8.6. Monzón Biotech S.L.
8.7. A4f Algae for Future
9. Appendix
9.1. Available Customization
9.2. Related Reports
List of Tables
Table 1 Dunaliella Salina-Based Ingredients/Products and their Functions in the Cosmetics Industry
Table 2 Europe Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 3 Europe Dunaliella Salina Market Size for Extraction Companies, by Country/Region, 2021–2030 (USD Thousand)
Table 4 Europe Dunaliella Salina Market Size for Food and Beverage Companies, by Country/Region, 2021–2030 (USD Thousand)
Table 5 Europe Dunaliella Salina Market Size for Feed Companies, by Country/Region, 2021–2030 (USD Thousand)
Table 6 Europe Dunaliella Salina Market Size for Nutraceutical and Health Supplement Companies, by Country/Region, 2021–2030 (USD Thousand)
Table 7 Europe Dunaliella Salina Market Size for Pharmaceutical Companies, by Country/Region, 2021–2030 (USD Thousand)
Table 8 Europe Dunaliella Salina Market Size for Cosmetic Companies, by Country/Region, 2021–2030 (USD Thousand)
Table 9 Europe: Dunaliella Salina Market Size, by Country/Region, 2021–2030 (USD Thousand)
Table 10 Europe: Dunaliella Salina Market Volume, by Country/Region, 2021–2030 (Tons)
Table 11 Germany: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 12 France: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 13 U.K.: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 14 Italy: Dunaliella Salina Market Size, by End User, 2021-2030 (USD Thousand)
Table 15 Spain: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 16 Netherlands: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 17 Denmark: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 18 Sweden: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
Table 19 Rest of Europe: Dunaliella Salina Market Size, by End User, 2021–2030 (USD Thousand)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Secondary Sources Referenced for This Study
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 7 Market Sizing and Growth Forecast Approach
Figure 8 In 2023, the Extraction Companies Segment to Dominate the Europe Dunaliella Salina Market
Figure 9 Germany Dominates the Europe Dunaliella Salina Market, while the U.K. Leads in Growth
Figure 10 Factors Affecting Market Growth
Figure 11 Europe: Dunaliella Salina Production and Consumption, 2021–2030 (Tons)
Figure 12 Dunaliella Salina: Average Selling Prices, 2021–2030 (USD/Kg)
Figure 13 Europe Dunaliella Salina Market Size, by End User, 2023–2030 (USD Thousand)
Figure 14 Europe Dunaliella Salina Market Size, by Country/Region, 2023 Vs. 2030 (USD Thousand)
Figure 15 Europe: Market Snapshot, 2023
Figure 16 Competitive Dashboard: Europe Dunaliella Salina Market
Figure 17 Europe Dunaliella Salina Market Competitive Benchmarking, by End User
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2023
Published Date: Apr-2023
Published Date: Apr-2023
Published Date: Apr-2023
Published Date: Apr-2023
