Haematococcus Pluvialis Market by Product (Astaxanthin Ingredients (Oleoresin, Beadlets), Astaxanthin Bulk Finished Products (Capsules, Tablets), Application (Food and Beverages, Nutraceuticals, Pharmaceuticals, Cosmetics), and Geography – Global Forecast to 2027

  • Report ID:MRFB - 104446
  • Pages: 161
  • Nov 2020
  • Formats*: PDF
  • Category: Food & Beverages
  • Delivery: 2 to 4 Hours

1.    Introduction
       1.1.    Market Ecosystem
       1.2.    Currency
       1.3.    Key Stakeholders

2.    Research Methodology
       2.1.    Research Process
       2.2.    Data Collection & Validation
                2.2.1.    Secondary Research
                2.2.2.    Primary Research
       2.3.    Market Assessment
                2.3.1.    Market Size Estimation
                             2.3.1.1.    Bottom-Up Approach
                             2.3.1.2.    Top-Down Approach
                             2.3.1.3.    Growth forecast
       2.4.    Assumptions for the Study
       2.5.    Limitations for the Study

3.    Executive Summary
       3.1.    Introduction
       3.2.    Segment Analysis
                3.2.1.    Product Analysis
                3.2.2.    Application Analysis
                3.2.3.    Regional Analysis
                3.2.4.    Key Players

4.   Market insights
       4.1.    Introduction
       4.2.    Drivers
                4.2.1.    Increasing Demand of Natural Astaxanthin for Nutraceuticals
                4.2.2.    Growing Demand for Natural Food Colorants
                4.2.3.    Increasing Awareness for Clean-Label Products
       4.3.    Restraints
                4.3.1.    High Production Cost
       4.4.    Opportunities
                4.4.1.    Growing Demand for Natural Astaxanthin
                4.4.2.    Growing Use of Natural Astaxanthin in Poultry and Aquaculture
       4.5.    Challenges
                4.5.1.    Complex Production Process for Haematococcus Pluvialis
       4.6.    Trends
                4.6.1.    Increasing Need for Self-Grooming Products
       4.7.    Key Buyers of Natural Astaxanthin

5.    Impact of Covid-19 On the Haematococcus Pluvialis Market

6.    Global Haematococcus Pluvialis Market, by Product
       6.1.    Introduction
       6.2.    Astaxanthin ingredients
                6.2.1.    Astaxanthin Oleoresin
                6.2.2.    Beadlets
                6.2.3.    Whole Biomass Powder
                6.2.4.    Water Dispersible Powder
       6.3.    Astaxanthin Bulk Finished Products
                6.3.1.    Capsules/Softgels
                6.3.2.    Tablets

7.    Global Haematococcus Pluvialis Market, by Application
       7.1.    Introduction
       7.2.    Food and Beverages
       7.3.    Nutraceuticals
       7.4.    Pharmaceuticals
       7.5.    Cosmetics
       7.6.    Animal Feeds

8.    Global Haematococcus Pluvialis Market, by Geography
       8.1.    Introduction
       8.2.    North America
                8.2.1.    U.S.
                8.2.2.    Canada
       8.3.    Europe
                8.3.1.    Germany
                8.3.2.    U.K.
                8.3.3.    Italy
                8.3.4.    France
                8.3.5.    Sweden
                8.3.6.    Spain
                8.3.7.    Russia
                8.3.8.    Rest of Europe (RoE)
       8.4.    Asia-Pacific
                8.4.1.    China
                8.4.2.    Japan
                8.4.3.    India
                8.4.4.    Australia
                8.4.5.    South Korea
                8.4.6.    Vietnam
                8.4.7.    Rest of Asia-Pacific
       8.5.    Latin America
                8.5.1.    Brazil
                8.5.2.    Mexico
                8.5.3.    Argentina
                8.5.4.    Rest of Latin America
       8.6.    Middle East & Africa

9.    Competitive Landscape
       9.1.    Introduction
       9.2.    Competitive Benchmarking

10.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments) 
       10.1.    Cyanotech Corporation
       10.2.    E.I.D. - Parry (India) Limited (A Part of the Murugappa Group)
       10.3.    BlueBioTech international GmbH
       10.4.    Algatechnologies, Ltd. (A Part of Solabia Group)
       10.5.    Tianjin Norland Biotech Co., Ltd.
       10.6.    AlgaeCan Biotech, Ltd.
       10.7.    AstaReal AB
       10.8.    Yunnan Alphy Biotech Co., Ltd.
       10.9.    Algae Health Sciences - A BGG Company
       10.10.    Fenchem
       10.11.    Piveg, inc.
       10.12.    Algamo s.r.o.
       10.13.    Algalif Iceland ehf (Part of Sana Pharma Holding)
       10.14.    Atacama Bio Natural Products S.A.
       10.15.    BDI-BioLife Science GmbH
       10.16.    AstaMAZ NZ Ltd.
       10.17.    FjordAlg AS
       10.18.    Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH)
       10.19.    Mc Biotech Sdn. Bhd.
       10.20.    Pond Technologies inc.    
       10.21.    Algicel, Biotecnologia e investigação Lda
       10.22.    Algae to Omega, Llc
       10.23.    Shaivaa Algaetech LLP

11.   Appendix
       11.1.    Questionnaire
       11.2.    Available Customization

List of Tables  

Table 1 Global Haematococcus Pluvialis Market: Impact Analysis of Market Drivers (2020-2027)
Table 2 Leading Key Players and their Haematococcus Pluvialis-Derived Astaxanthin and Related Products
Table 3 Cosmetics ingredients Containing Haematococcus Pluvialis Extracts
Table 4 List of Key Buyers of Natural Astaxanthin
Table 5 Global Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 6 Global Haematococcus Pluvialis Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 7 Haematococcus Pluvialis Astaxanthin ingredients Market Size, by Country/Region, 2018-2027 ($Million)
Table 8 Haematococcus Pluvialis Astaxanthin Oleoresin Market Size, by Country/Region, 2018-2027 ($Million)
Table 9 Haematococcus Pluvialis Beadlets Market Size, by Country/Region, 2018-2027
($Million)
Table 10 Haematococcus Pluvialis Whole Biomass Powder Market Size, by Country/Region, 2018-2027 ($Million)
Table 11 Haematococcus Pluvialis Water Dispersible Powder Market Size, by Country/Region, 2018-2027 ($Million)
Table 12 Global Haematococcus Pluvialis Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 13 Haematococcus Pluvialis Astaxanthin Bulk Finished Products Market Size, by Country/Region, 2018-2027 ($Million)
Table 14 Haematococcus Pluvialis Market Size for Capsules/ Softgels, by Country/Region, 2018-2027 ($Million)
Table 15 Haematococcus Pluvialis Market Size for Tablets, by Country/Region, 2018-2027 ($Million)
Table 16 Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 17 Haematococcus Pluvialis Market Size for Food and Beverages, by Country/Region, 2018-2027 ($Million)
Table 18 Haematococcus Pluvialis Market Size for Nutraceuticals, by Country/Region, 2018-2027 ($Million)
Table 19 Haematococcus Pluvialis Market Size for Pharmaceuticals, by Country/Region, 2018-2027 ($Million)
Table 20 Haematococcus Pluvialis Market Size for Cosmetics, by Country/Region, 2018-2027 ($Million)
Table 21 Haematococcus Pluvialis Market Size for Animal Feeds, by Country/Region, 2018-2027 ($Million)
Table 22 Global Haematococcus Pluvialis Market Size, by Geography, 2018-2027 ($Million)
Table 23 North America: Haematococcus Pluvialis Market Size, by Country, 2018-2027 ($Million)
Table 24 North America: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 25 North America: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 26 North America: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 27 North America: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 28 U.S.: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 29 U.S.: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 30 U.S.: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 31 U.S.: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 32 Canada: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 33 Canada: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 34 Canada: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 35 Canada: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 36 Europe: Haematococcus Pluvialis Market Size, by Country, 2018-2027 ($Million)
Table 37 Europe: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 38 Europe: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 39 Europe: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 40 Europe: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 41 Germany: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 42 Germany: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 43 Germany: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 44 Germany: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 45 U.K.: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 46 U.K.: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 47 U.K.: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 48 U.K.: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 49 Italy: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 50 Italy: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 51 Italy: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 52 Italy: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 53 France: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 54 France: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 55 France: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 56 France: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 57 Sweden: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 58 Sweden: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 59 Sweden: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 60 Sweden: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 61 Spain: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 62 Spain: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 63 Spain: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 64 Spain: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 65 Russia: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 66 Russia: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 67 Russia: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 68 Russia: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 69 Rest of Europe: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 70 Rest of Europe: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 71 Rest of Europe: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 72 Rest of Europe: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 73 Asia-Pacific: Haematococcus Pluvialis Market Size, by Country, 2018-2027 ($Million)
Table 74 Asia-Pacific: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 75 Asia-Pacific: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 76 Asia-Pacific: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 77 Asia-Pacific: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 78 China: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 79 China: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 80 China: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 81 China: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 82 Japan: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 83 Japan: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 84 Japan: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 85 Japan: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 86 India: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 87 India: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 88 India: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 89 India: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 90 Australia: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 91 Australia: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 92 Australia: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 93 Australia: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 94 South Korea: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 95 South Korea: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 96 South Korea: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 97 South Korea: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 98 Vietnam: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 99 Vietnam: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 100    Vietnam: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 101    Vietnam: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 102    Rest of Asia-Pacific: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 103    Rest of Asia-Pacific: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 104    Rest of Asia-Pacific: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 105    Rest of Asia-Pacific: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 106    Latin America: Haematococcus Pluvialis Market Size, by Country, 2018-2027 ($Million)
Table 107    Latin America: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 108    Latin America: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 109    Latin America: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 110    Latin America: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 111    Brazil: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 112    Brazil: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 113    Brazil: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 114    Brazil: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 115    Mexico: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 116    Mexico: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 117    Mexico: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 118    Mexico: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 119    Argentina: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 120    Argentina: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 121    Argentina: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 122    Argentina: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 123    Rest of Latin America: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 124    Rest of Latin America: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 125    Rest of Latin America: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 126    Rest of Latin America: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 127    Middle East and Africa: Haematococcus Pluvialis Market Size, by Product, 2018-2027 ($Million)
Table 128    Middle East and Africa: Astaxanthin ingredients Market Size, by Type, 2018-2027 ($Million)
Table 129    Middle East and Africa: Astaxanthin Bulk Finished Products Market Size, by Type, 2018-2027 ($Million)
Table 130    Middle East and Africa: Haematococcus Pluvialis Market Size, by Application, 2018-2027 ($Million)
Table 131    Number of Developments by the Major Players during 2017-2020
    
List Of Figures 
 

Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 Astaxanthin ingredients to Dominate the Haematococcus Pluvialis Market through 2027
Figure 9 Food and Beverage to Dominate the Haematococcus Pluvialis Market through 2027
Figure 10    APAC: Lucrative and Growing Market for Haematococcus Pluvialis Stakeholders Market Dynamics
Figure 11    Market Dynamics
Figure 12    Global Haematococcus Pluvialis Market Size, by Product, 2020-2027 ($Million)
Figure 13    Haematococcus Pluvialis Market Size, by Application, 2020-2027 ($Million)
Figure 14    Global Haematococcus Pluvialis Market Size, by Geography, 2020-2027 ($Million)
Figure 15    Percentage of U.S. Adults Take Dietary Supplements, 2019
Figure 16    European Market for Cosmetic Products, 2019
Figure 17    Italian Food Supplement Market, 2017
Figure 18    Cosmetics Market Size, in France, 2014-2017
Figure 19    Facts About the Swedish Food industry, 2017-2018
Figure 20    Aquaculture Production in Russia, 2012-2017
Figure 21    Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 22    Global Haematococcus Pluvialis: Competitive Benchmarking
Figure 23    Cyanotech Corporation: Financial Overview (2020)
Figure 24    E.I.D. – Parry (India) Limited: Financial Overview (2020)
Figure 25    AstaReal Group: Global Presence

COVID-19

This report provides pre & post COVID-19 market estimates

Download sample here

The haematococcus pluvialis Market is expected to reach $148.1 million by 2027, at a CAGR of 13.2% during the forecast period of 2020 to 2027. Increasing demand for natural astaxanthin for nutraceuticals, growing demand for natural food colorants, and increasing awareness for clean-label products are some of the factors driving the growth of this market. Moreover, the growing use of natural astaxanthin in poultry and aquaculture is further expected to create lucrative opportunities for manufacturers in the haematococcus pluvialis market. However, the high production cost is expected to hinder the haematococcus pluvialis market growth to some extent.

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.

Haematococcus Pluvialis Market

Impact of Covid-19 on Haematococcus Pluvialis Market

COVID-19 pandemic has adversely hit many economies around the world. The combat measures like complete lockdowns and quarantines to fight this pandemic has put a strong adverse impact on many industries, including a portion of the algae industry. In the algae sector, the haematococcus pluvialis market has registered a strong slowdown in sales in the first quarter of 2020 due to the disturbance in logistics and transportation. Along with logistics and transportation, the market has registered interruptions in the entire value chain of the sector from raw materials supply for culture media to manufacturing, packaging, and distribution of the final products.

The impact of the COVID-19 outbreak on this sector started in 2020 in China, one of the world's largest producers and one of the leading consumers of haematococcus pluvialis. The closing or working on very less efficiency of haematococcus pluvialis production facilities for few months in China, and restrictions on export and import of the natural astaxanthin mainly derived from haematococcus pluvialis microalgae and raw materials particularly culture medium for haematococcus cultivation to and from China’s restricted area affecting supply chain has strongly impacted the production, sales, and operation of this industry. Moreover, this pandemic is also expected to adversely affect the haematococcus pluvialis market in many countries globally, including the U.S., India, Australia, Brazil, and EU-5 countries. Under India's countrywide lockdown, many commercial astaxanthin production facilities from haematococcus have shut down or are operating at a reduced capacity, leading to a substantial loss in domestic haematococcus pluvialis production.

In addition, the Southeast Asian algae industry, including haematococcus pluvialis is facing challenges because of the worsening coronavirus outbreak, impacting the haematococcus pluvialis and its ingredient (astaxanthin) distribution within and across markets in the Asia-Pacific region. Malaysia has lockdown, but the algae production facilities have been given clearance to continue operations as they are considered essential in pharmaceutical, nutraceutical, and food & beverage industries. However, the lockdown has posed logistical challenges for suppliers in haematococcus pluvialis and its ingredients products in the country and across the border to Thailand, and this may be a major concern for distributors and haematococcus producers during the upcoming durian season.

In Vietnam, algae production facilities are operating at normal levels without disrupting the distribution chain for algae products. However, the market is getting more challenging, as distributors are unwilling to do business in the coronavirus outbreak. In Thailand, production and supply chain distribution of haematococcus products remain unaffected despite various virus containment measures. In the Philippines, increasingly tight port restrictions may negatively impact the haematococcus market in the country.

Therefore, a complete halt on the transportation and logistics industry and reduced production in some countries due to the lockdowns in many countries worldwide is projected to adversely affect the haematococcus pluvialis market in terms of volume sales and thereby the market revenue in 2020 and 2021.

Increasing Demand for Natural Astaxanthin For Nutraceuticals Fuels the Growth of the Haematococcus Pluvialis Market

Microalgae haematococcus pluvialis is a promising source of astaxanthin. It is a colored and antioxidant carotenoid that accumulates during the red growth phase. Algae-based astaxanthin is widely used for pharmaceutical applications due to its increased antioxidant activity and its ability to treat diseases. Emerging research has validated the vibrant red carotenoid’s ability to quench free radicals and reduce oxidative stress, correlating cardiovascular health benefits, sports nutrition and recovery, and skin and joint health.

Natural algae astaxanthin is almost exclusively used in human food and dietary supplements. Oxidative stress is a causative or at least ancillary factor in the pathogenesis of major neurodegenerative diseases, such as Alzheimer's, Huntington's, Parkinson's, and amyotrophic lateral sclerosis-ALS. Diets high in antioxidants offer the potential to lower the associated risks. Natural astaxanthin can cross the blood-brain barrier in mammals and can extend its antioxidant benefits beyond that barrier. Therefore, astaxanthin can help to alleviate the effects of Alzheimer's disease and other neurological diseases.

In late 1990, natural astaxanthin was launched in the human nutrition market after the FDA reviewed safety parameters and was validated for human consumption. In 2011, natural astaxanthin, which is 20 to 50 times stronger than synthetically-derived astaxanthin, was allowed by the FDA at 12 mg/day. Astaxanthin is used as a nutritional supplement, antioxidant and anticancer agent, prevents diabetes, cardiovascular diseases, and neurodegenerative disorders, and stimulates immunization. Astaxanthin is a potential therapeutic agent against atherosclerotic cardiovascular disease. Its supplementation can be beneficial for people with an enhanced risk for heart attacks. Its carried out by VLDL, LDL, and HDL (high-density lipoprotein) in human blood and protects LDL-cholesterol against oxidation. Moreover, it also can constrain the growth of fibrosarcoma, breast, and prostate cancer cells and embryonic fibroblasts, cell death, cell proliferation, and mammary tumors. Astaxanthin has a role in the reduction of blood plasma levels and increases basal arterial blood flow.

Thus, due to its potential effects on various diseases, including cancers, hypertension, diabetes, cardiovascular, gastrointestinal, liver, neurodegenerative, and skin diseases, there is a growing demand for natural astaxanthin antioxidant supplements derived from haematococcus for the nutraceutical industry.

Key Findings in the Haematococcus Pluvialis Market Study:

Astaxanthin Ingredients Continue to Remain the Largest Product Category

The astaxanthin ingredients segment is expected to see the largest gains in demand through 2027 in the haematococcus pluvialis market. The growth in the sales of astaxanthin ingredients will be mainly supported by the growing end-use applications of the astaxanthin ingredients, rising awareness about preventive healthcare & nutraceuticals, rising demand for natural antioxidants, growing cosmetic & personal care markets, and government initiatives to support the aquaculture industry. Moreover, the global haematococcus pluvialis astaxanthin ingredients market is further segmented into astaxanthin oleoresin, beadlets, whole biomass powder, and water dispersible powder. The astaxanthin oleoresin segment is expected to account for the largest share of the overall haematococcus pluvialis astaxanthin ingredients market in 2020, owing to the growing demand for astaxanthin oleoresin in the food supplements, cosmetics, and nutraceutical industries.

Food and Beverages Dominates the Global Market

Based on application, the haematococcus pluvialis market is segmented into food and beverages, nutraceuticals, pharmaceuticals, cosmetics, and animal feeds. The food and beverage segment is expected to command the dominant share of the overall haematococcus pluvialis market in 2020, owing to the large rising health awareness & food consciousness, growing demand for organic foods, rising use of natural food colors over synthetic, and increasing consumption of anti-oxidants in food & supplements. However, the nutraceuticals segment is expected to grow at the fastest CAGR during the forecast period due to the increasing demand for natural astaxanthin derived from haematococcus in the nutraceuticals industry because of its potential effects on various diseases such as cancers, hypertension, diabetes, cardiovascular, gastrointestinal, and liver neurodegenerative, and several skin diseases.

North America Dominates Market, while Asia-Pacific Leads the Growth

North America is expected to command the largest share of the haematococcus pluvialis market in 2020, followed by Asia-Pacific and Europe. The large share of North America is primarily attributed to the increasing demand for natural food supplements and growing awareness about the adverse effects of chemical products among consumers. In addition, several awareness programs by various organizations are estimated to upsurge the regional market share. For instance, the Natural Algae Astaxanthin Association (NAXA) is focused on increasing awareness about astaxanthin usage. Further, haematococcus pluvialis algae have been approved for use as a dietary supplement ingredient in the U.S. and Canada is one of the major factors contributing to the growth of haematococcus pluvialis in North America. However, the Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to the increasing health consciousness, the growing nutraceutical and food & beverage industries, huge demand for personal care products, and high investments algae production. Moreover, rising government support for algae production in the Asian countries are offer significant opportunities for various market stakeholders in the region.

Key Players

The report includes a competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past five years (2016-2020). The key players profiled in the haematococcus pluvialis market research report are Cyanotech Corporation (U.S.), E.I.D. – Parry (India) Limited (India), BlueBioTech GmbH (Germany), Algatechnologies Ltd. (Israel), Tianjin Norland Biotech Co., Ltd. (China), AlgaeCan Biotech Ltd. (Canada), AstaReal AB (Sweden), Yunnan Alphy Biotech Co., Ltd. (China), Algae Health Sciences - A BGG company (U.S.), Fenchem (China), Piveg, Inc. (U.S.), Algamo s.r.o. (Czech Republic), Atacama Bio Natural Products S.A. (Chile), Algalif Iceland ehf. (Iceland), BDI-BioLife Science GmbH (Austria), AstaMAZ NZ Ltd. (New Zealand), FjordAlg AS (Norway), Sea & Sun Organic GmbH (Germany), MC Biotech Sdn Bhd (Brunei), Pond Technologies Inc. (Canada), Algicel, Biotecnologia e Investigação Lda (Portugal), Algae to Omega, LLC (U.S.), and Shaivaa Algaetech LLP (India), among others.

Scope of the report

Haematococcus Pluvialis Market, by Product

  • Astaxanthin Ingredients
    • Astaxanthin Oleoresin
    • Beadlets
    • Whole Biomass Powder
    • Water Dispersible Powder
  • Astaxanthin Bulk Finished Products
    • Capsules/Softgels
    • Tablets

Haematococcus Pluvialis Market, by Application

  • Food and Beverage
  • Nutraceuticals
  • Pharmaceuticals
  • Cosmetics
  • Animal Feeds

Haematococcus Pluvialis Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France,
    • Sweden
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Vietnam
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • RoLATAM
  • Middle East and Africa

Key questions answered in the report:

Haematococcus pluvialis is a freshwater species of Chlorophyta from the family haematococcaceae. It is a major source of natural astaxanthin. The haematococcus pluvialis market studied in this report involves the value analysis of various segments and subsegments of haematococcus pluvialis at regional and country levels.
The haematococcus pluvialis market projected to reach $148.05 million by 2027, at a CAGR of 13.2% during the forecast period.
Based on product, the astaxanthin ingredients segment is expected to command the largest share of the overall haematococcus pluvialis market in 2020. Moreover, this segment is further expected to grow with the fastest CAGR during the forecast period.
Based on application, the nutraceuticals segment is expected to witness rapid growth during the forecast period.
Increasing demand for natural astaxanthin for nutraceuticals is expected to fuel the market. Growing demand for natural food colorants boosts the market growth. Increasing awareness for clean-label products drives the market growth. High production cost restrains the market growth
Growing demand for natural astaxanthin . Growing use of natural astaxanthin in poultry and aquaculture
Some of the key players operating in the haematococcus pluvialis market are Cyanotech Corporation (U.S.), E.I.D. – Parry (India) Limited (India), BlueBioTech GmbH (Germany), Algatechnologies Ltd. (Israel), Tianjin Norland Biotech Co., Ltd. (China), AlgaeCan Biotech Ltd. (Canada), AstaReal AB (Sweden), Yunnan Alphy Biotech Co., Ltd. (China), Algae Health Sciences - A BGG company (U.S.), Fenchem (China), Piveg, Inc. (U.S.), Algamo s.r.o. (Czech Republic), Atacama Bio Natural Products S.A. (Chile), Algalif Iceland ehf. (Iceland), BDI-BioLife Science GmbH (Austria), AstaMAZ NZ Ltd. (New Zealand), FjordAlg AS (Norway), Sea & Sun Organic GmbH (Germany), MC Biotech Sdn Bhd (Brunei), Pond Technologies Inc. (Canada), Algicel, Biotecnologia e Investigação Lda (Portugal), Algae to Omega, LLC (U.S.), and Shaivaa Algaetech LLP (India), among others.
Astaxanthin providers have their manufacturing/extraction facilities spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. COVID-19 has impacted their businesses. There is a significant impact on the global operations and supply chain of their products because of the national and international borders closures for controlling the spread.
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Tags: Haematococcus Market Food and Agriculture Technologies Food Processing
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