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Nannochloropsis Market

Release date:

Jan-2022

Region:

global

Research Code:MRFB -104546

Sku:MRFB -104546

Nannochloropsis Market by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies, Other Application) - Global Forecast to 2028

  • Report ID: MRFB -104546
  • Pages: 91
  • Jan-2022
  • Formats*: PDF
  • Category: Food and Beverages
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

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 Nannochloropsis Market is expected to reach $15.8 million by 2028, at a CAGR of 8.5% during the forecast period 2021–2028. The growth of this market is mainly attributed to the increasing demand for algae protein, protein- and lipid-rich aquafeed, and omega-3 fatty acids. Moreover, the growing demand from the biodiesel industry creates lucrative growth opportunities for Nannochloropsis stakeholders worldwide. However, the complex production process hinders the growth of this market to some extent.

Impact of COVID-19 on the Nannochloropsis Market

The COVID-19 pandemic adversely affected several economies globally. Several governments across the world issued nationwide lockdowns and quarantines to contain the COVID-19 outbreak, negatively impacting numerous industries. Most manufacturers in the food & beverage sector felt the brunt of the pandemic as social distancing, self-isolation, and city-wide lockdowns forced the closures of establishments worldwide.

In the algae industry, a major slowdown in overall microalgae sales was witnessed in the first quarter of 2020 due to disruptions in logistics and transportation. The market also witnessed interruptions in the entire value chain from raw materials supply for culture media to production, packaging, and biomass distribution.

The effects of the COVID-19 pandemic on this market were felt in China towards the beginning of 2020. The country is one of the world's largest producers and leading consumers of microalgal species, including Nannochloropsis. Factory closures, microalgae processing facilities operating at reduced capacities, and restrictions on the import and export of algae biomass had a strong impact on the Nannochloropsis market in China.

In addition, the COVID-19 pandemic is also expected to adversely impact this market across several countries globally, including the U.S., India, Australia, Brazil, and the EU-5 countries. The nationwide lockdowns in India resulted in the closure of numerous commercial microalgae production and processing facilities or forced them to operate at reduced capacities, leading to a substantial decline in overall domestic microalgal production.

Therefore, the negative impacts of the COVID-19-induced lockdowns on the transportation and logistics industry and overall production of microalgae across several countries are projected to adversely affect the global Nannochloropsis market in terms of volume sales in 2020 and 2021.

Nannochloropsis Market

Click here to Download Research Report PDF 

Increasing Demand for Algae Protein Fuels the Growth of the Nannochloropsis Market

Algae proteins are used for promoting weight loss, reducing fatigue & anxiety, and attention deficit-hyperactivity disorder (ADHD) in the case of diabetes, and premenstrual cardiovascular diseases, among other health issues. Enrichment of the nutrient content in food, positive effect on the immune system, and other health-related benefits of the product drive the demand for algal protein globally. Moreover, rising sustainability issues such as the increase in greenhouse gas emissions and loss of biodiversity during the production of animal protein have resulted in the shift in consumer preferences towards plant-based and other alternative sources.

Microalgae are rich in protein, lipids, and essential fatty acids. Microalgal proteins are in great demand from the animal feed and human food sectors. The high protein content in Nannochloropsis makes it a very interesting nutritional profile. Nannochloropsis cell mass comprises 50–55% crude protein. Therefore, the growing demand for algae protein and the high amount of protein in Nannochloropsis is expected to drive the growth of the Nannochloropsis market across the globe.

Key Findings in the Global Nannochloropsis Market Study:

Frozen Nannochloropsis Segment Dominates Nannochloropsis Market in 2021

Based on form, the Nannochloropsis market is mainly segmented into frozen, liquid, powder, and fresh paste. In 2021, the frozen Nannochloropsis segment is estimated to account for the largest share of the global Nannochloropsis market.

The growth of this segment is primarily attributed to its wide range of applications in aquaculture hatcheries to establish the initial step of an artificial food chain as frozen Nannochloropsis are rich in fatty acids (EPA, ARA). Additionally, this segment is expected to record the highest CAGR during the forecast period as frozen Nannochloropsis biomass promotes easier management in biomass production of lipid-enriched rotifers.

Aquafeed Application Segment Dominate Nannochloropsis Market in 2021

Based on application, the Nannochloropsis market is segmented into aquafeed, extraction companies, and other applications. In 2021, the aquafeed segment is estimated to account for the largest share of the global Nannochloropsis market.

Nannochloropsis sp. is one of the most extensively used microalgae in aquaculture due to their nutritional value and the ability to produce valuable chemical compounds, such as pigments (zeaxanthin, astaxanthin, canthaxanthin) and polyunsaturated fatty acids (EPA). The growth of this segment is mainly attributed to the growth of the global aquaculture industry along with the growing aquafeed sector and the rising demand for protein-rich aquafeeds.

Europe Dominates the Overall Nannochloropsis Market in 2021

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

The large market share of Europe is mainly attributed to the growing aquaculture industry and need for aquafeed, increasing health awareness, rising demand for omega-3 fatty acids, and increasing demand for algae protein. Additionally, the growing demand from the biodiesel industry is expected to create lucrative opportunities for Nannochloropsis manufacturers in the region.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4–5 years. The key players profiled in the global Nannochloropsis market research report are Green Aqua Company SGPS S.A. (Portugal), Lyxia Corporation (China), Monzón Biotech S.L (Spain), Shaivaa Algaetech LLP (India), Algatech LTD (a part of Solabia Group) (Israel), Allmicroalgae- Natural Products S.A. (Portugal), BlueBioTech Int. GmbH (Germany), Necton S.A. (Portugal), Reed Mariculture Inc. (U.S.), AlgaSpring B.V. (Netherlands), Archimede Ricerche Srl (Italy), Proviron Industries NV (Belgium), and Astaxa GmbH (Germany).

Scope of the Report:

Nannochloropsis Market, by Form

  • Frozen
  • Liquid
  • Powder
  • Fresh Pastes

Nannochloropsis Market, by Application

  • Aquafeed
  • Extraction Companies
  • Other Application

Nannochloropsis Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Spain
    • Portugal
    • Germany
    • Italy
    • France
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Rest of APAC (RoAPAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (RoLATAM)
  • Middle East and Africa

Key Questions Answered in the Report-

What Is Nannochloropsis?

Nannochloropsis is a genus of microalgae from the phylum Ochrophyta, class Eustigmatophyceae. These unicellular algae are spherical or oblong, measuring 2-5 microns in diameter. Nannochloropsis sp. contains high amounts of omega-3 fatty acids in the form of eicosapentaenoic acid (EPA), which is a vegan alternative for fish oil. Moreover, the high content of proteins present in Nannochloropsis makes it a very interesting nutritional profile. Nannochloropsis cell mass comprises 50–55% crude protein. Nannochloropsis have been used to produce aquafeed, nutraceuticals, and feed supplements for several decades.

What Is the Market Size and CAGR for 2021–2028?

The Nannochloropsis market is projected to reach $15.8 million by 2028, at a CAGR of 8.5% during the forecast period.

Which Is the High-growth Application Segment of the Nannochloropsis Market?

Based on application, the aquafeed segment is expected to witness the fastest growth during the forecast period.

What Are the Major Drivers for This Market?

1. Increasing Demand for Algae Protein 2. Growing Demand for Protein- and Lipid-rich aquafeed 3. Rising Demand for Omega-3 Fatty Acids

What Is the Major Restraint for the Global Nannochloropsis Market?

Complex Production Process for Nannochloropsis

Who Are the Major Players Operating in the Global Nannochloropsis Market?

The key players operating in the global Nannochloropsis market are Green Aqua Company SGPS S.A. (Portugal), Lyxia Corporation (China), Monzón Biotech S.L (Spain), Shaivaa Algaetech LLP (India), Algatech LTD (a part of Solabia Group) (Israel), Allmicroalgae- Natural Products S.A. (Portugal), BlueBioTech Int. GmbH (Germany), Necton S.A. (Portugal), Reed Mariculture Inc. (U.S.), AlgaSpring B.V. (Netherlands), Archimede Ricerche Srl (Italy), Proviron Industries NV (Belgium), and Astaxa GmbH (Germany).

Which Are the High-growth Countries/Regions in the Market?

Europe is expected to witness significant growth during the forecast period, mainly due to the growing demand for Nannochloropsis from the biodiesel industry.

1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency

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.    Form Segment Analysis
                 3.2.2.    Application Segment 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 for Algae Protein
                 4.2.2.    Growing Demand for Protein-rich and Lipid-rich Aquafeed
                 4.2.3.    Rising Demand for Omega-3 Fatty Acid
       4.3.    Restraints
                 4.3.1.    Complex Production Process for Nannochloropsis
       4.4.    Opportunity
                 4.4.1.    Growing Demand from the Biodiesel Industry
       4.5.    Challenges
                 4.5.1.    Risk of Nannochloropsis Contamination

5.    The Impact of Covid-19 on the Nannochloropsis Market

6.    Global Nannochloropsis Market, by Form
       6.1.    Introduction
       6.2.    Frozen
       6.3.    Liquid
       6.4.    Powder
       6.5.    Fresh Pastes

7.    Global Nannochloropsis Market, by Application
       7.1.    Introduction
       7.2.    Aquafeed
       7.3.    Extraction Companies
       7.4.    Other Applications

8.    Nannochloropsis 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.    Spain
                 8.3.2.    Portugal
                 8.3.3.    Germany
                 8.3.4.    Italy
                 8.3.5.    France
                 8.3.6.    Rest of Europe (RoE)
       8.4.    Asia-Pacific
                 8.4.1.    China
                 8.4.2.    India
                 8.4.3.    Japan
                 8.4.4.    Australia
                 8.4.5.    Rest of Asia-Pacific (RoAPAC)
       8.5.    Latin America
                 8.5.1.    Brazil
                 8.5.2.    Mexico
                 8.5.3.    Rest of Latin America (RoLATAM)
       8.6.    The Middle East & Africa

9.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
       9.1.    Green Aqua Company SGPS S.A.
       9.2.    Reed Mariculture Inc.
       9.3.    Lyxia Corporation
       9.4.    BlueBioTech Int. GmbH
       9.5.    Algatech LTD (A part of Solabia Group)
       9.6.    Allmicroalgae Natural Products S.A.
       9.7.    Necton S.A.
       9.8.    AlgaSpring B.V.
       9.9.    Archimede Ricerche Srl
       9.10.    Proviron Industries NV
       9.11.    Monzón Biotech S.L
       9.12.    Shaivaa Algaetech LLP
       9.13.    Astaxa GmbH

10.    Appendix
        10.1.    Questionnaire
        10.2.    Available Customization

List of Tables

Table 1    Global Nannochloropsis Market: Impact Analysis of Market Drivers (2021–2028)
Table 2    Global Nannochloropsis Market: Impact Analysis of Market Restraints (2021–2028)
Table 3    Global Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 4    Frozen Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 5    Liquid Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 6    Powder Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 7    Fresh Paste Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 8    Global Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 9    Nannochloropsis Market Size for Aquafeed, by Country/Region, 2019–2028 (USD Thousand)
Table 10    Nannochloropsis Market Size for Extraction Companies, by Country/Region, 2019–2028 (USD Thousand)
Table 11    Nannochloropsis Market Size for Other Applications, by Country/Region, 2019–2028 (USD Thousand)
Table 12    Nannochloropsis Market Size, by Region, 2019–2028 (USD Thousand)
Table 13    Nannochloropsis Market Size, by Region, 2019–2028 (Tons)
Table 14    North America: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 15    North America: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 16    North America: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 17    U.S.: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 18    U.S.: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 19    Canada: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 20    Canada: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 21    Europe: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 22    Europe: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 23    Europe: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 24    Spain: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 25    Spain: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 26    Portugal: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 27    Portugal: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 28    Germany: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 29    Germany: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 30    Italy: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 31    Italy: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 32    France: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 33    France: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 34    RoE: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 35    RoE: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 36    Asia-Pacific: Nannochloropsis Market Size, by Country, 2019-2028 (USD Thousand)
Table 37    Asia-Pacific: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 38    Asia-Pacific: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 39    China: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 40    China: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 41    India: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 42    India: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 43    Japan: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 44    Japan: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 45    Australia: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 46    Australia: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 47    RoAPAC: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 48    RoAPAC: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 49    Latin America: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 50    Latin America: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 51    Latin America: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 52    Brazil: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 53    Brazil: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 54    Mexico: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 55    Mexico: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 56    RoLATAM: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 57    RoLATAM: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 58    Middle East & Africa: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 59    Middle East & Africa: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)

List of Figures

Figure 1    Key Stakeholders
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    Frozen Nannochloropsis Segment to Dominate Nannochloropsis Market by 2028
Figure 9    Aquafeed Application Segment Dominate Overall Nannochloropsis Market in 2021
Figure 10    Europe Dominates the Overall Nannochloropsis Market
Figure 11    Market Dynamics
Figure 12    Global Nannochloropsis Market Size, by Form, 2021 Vs. 2028 (USD Thousand)
Figure 13    Global Nannochloropsis Market Size, by Application, 2021 Vs. 2028 (USD Thousand)
Figure 14    Nannochloropsis Market Size, by Region, 2021–2028 (USD Thousand)
Figure 15    U.S.: Fish Production, 2018 Vs. 2030 (Thousand Tons)
Figure 16    Europe: Aquaculture Fish Production, 1995–2018 (Thousand Tons)
Figure 17    India: Fish Production, 2010-2020 (Million Metric Tons)

 
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Related Research

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 Nannochloropsis Market is expected to reach $15.8 million by 2028, at a CAGR of 8.5% during the forecast period 2021–2028. The growth of this market is mainly attributed to the increasing demand for algae protein, protein- and lipid-rich aquafeed, and omega-3 fatty acids. Moreover, the growing demand from the biodiesel industry creates lucrative growth opportunities for Nannochloropsis stakeholders worldwide. However, the complex production process hinders the growth of this market to some extent.

Impact of COVID-19 on the Nannochloropsis Market

The COVID-19 pandemic adversely affected several economies globally. Several governments across the world issued nationwide lockdowns and quarantines to contain the COVID-19 outbreak, negatively impacting numerous industries. Most manufacturers in the food & beverage sector felt the brunt of the pandemic as social distancing, self-isolation, and city-wide lockdowns forced the closures of establishments worldwide.

In the algae industry, a major slowdown in overall microalgae sales was witnessed in the first quarter of 2020 due to disruptions in logistics and transportation. The market also witnessed interruptions in the entire value chain from raw materials supply for culture media to production, packaging, and biomass distribution.

The effects of the COVID-19 pandemic on this market were felt in China towards the beginning of 2020. The country is one of the world's largest producers and leading consumers of microalgal species, including Nannochloropsis. Factory closures, microalgae processing facilities operating at reduced capacities, and restrictions on the import and export of algae biomass had a strong impact on the Nannochloropsis market in China.

In addition, the COVID-19 pandemic is also expected to adversely impact this market across several countries globally, including the U.S., India, Australia, Brazil, and the EU-5 countries. The nationwide lockdowns in India resulted in the closure of numerous commercial microalgae production and processing facilities or forced them to operate at reduced capacities, leading to a substantial decline in overall domestic microalgal production.

Therefore, the negative impacts of the COVID-19-induced lockdowns on the transportation and logistics industry and overall production of microalgae across several countries are projected to adversely affect the global Nannochloropsis market in terms of volume sales in 2020 and 2021.

Nannochloropsis Market

Click here to Download Research Report PDF 

Increasing Demand for Algae Protein Fuels the Growth of the Nannochloropsis Market

Algae proteins are used for promoting weight loss, reducing fatigue & anxiety, and attention deficit-hyperactivity disorder (ADHD) in the case of diabetes, and premenstrual cardiovascular diseases, among other health issues. Enrichment of the nutrient content in food, positive effect on the immune system, and other health-related benefits of the product drive the demand for algal protein globally. Moreover, rising sustainability issues such as the increase in greenhouse gas emissions and loss of biodiversity during the production of animal protein have resulted in the shift in consumer preferences towards plant-based and other alternative sources.

Microalgae are rich in protein, lipids, and essential fatty acids. Microalgal proteins are in great demand from the animal feed and human food sectors. The high protein content in Nannochloropsis makes it a very interesting nutritional profile. Nannochloropsis cell mass comprises 50–55% crude protein. Therefore, the growing demand for algae protein and the high amount of protein in Nannochloropsis is expected to drive the growth of the Nannochloropsis market across the globe.

Key Findings in the Global Nannochloropsis Market Study:

Frozen Nannochloropsis Segment Dominates Nannochloropsis Market in 2021

Based on form, the Nannochloropsis market is mainly segmented into frozen, liquid, powder, and fresh paste. In 2021, the frozen Nannochloropsis segment is estimated to account for the largest share of the global Nannochloropsis market.

The growth of this segment is primarily attributed to its wide range of applications in aquaculture hatcheries to establish the initial step of an artificial food chain as frozen Nannochloropsis are rich in fatty acids (EPA, ARA). Additionally, this segment is expected to record the highest CAGR during the forecast period as frozen Nannochloropsis biomass promotes easier management in biomass production of lipid-enriched rotifers.

Aquafeed Application Segment Dominate Nannochloropsis Market in 2021

Based on application, the Nannochloropsis market is segmented into aquafeed, extraction companies, and other applications. In 2021, the aquafeed segment is estimated to account for the largest share of the global Nannochloropsis market.

Nannochloropsis sp. is one of the most extensively used microalgae in aquaculture due to their nutritional value and the ability to produce valuable chemical compounds, such as pigments (zeaxanthin, astaxanthin, canthaxanthin) and polyunsaturated fatty acids (EPA). The growth of this segment is mainly attributed to the growth of the global aquaculture industry along with the growing aquafeed sector and the rising demand for protein-rich aquafeeds.

Europe Dominates the Overall Nannochloropsis Market in 2021

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

The large market share of Europe is mainly attributed to the growing aquaculture industry and need for aquafeed, increasing health awareness, rising demand for omega-3 fatty acids, and increasing demand for algae protein. Additionally, the growing demand from the biodiesel industry is expected to create lucrative opportunities for Nannochloropsis manufacturers in the region.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4–5 years. The key players profiled in the global Nannochloropsis market research report are Green Aqua Company SGPS S.A. (Portugal), Lyxia Corporation (China), Monzón Biotech S.L (Spain), Shaivaa Algaetech LLP (India), Algatech LTD (a part of Solabia Group) (Israel), Allmicroalgae- Natural Products S.A. (Portugal), BlueBioTech Int. GmbH (Germany), Necton S.A. (Portugal), Reed Mariculture Inc. (U.S.), AlgaSpring B.V. (Netherlands), Archimede Ricerche Srl (Italy), Proviron Industries NV (Belgium), and Astaxa GmbH (Germany).

Scope of the Report:

Nannochloropsis Market, by Form

  • Frozen
  • Liquid
  • Powder
  • Fresh Pastes

Nannochloropsis Market, by Application

  • Aquafeed
  • Extraction Companies
  • Other Application

Nannochloropsis Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Spain
    • Portugal
    • Germany
    • Italy
    • France
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Rest of APAC (RoAPAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (RoLATAM)
  • Middle East and Africa

Key Questions Answered in the Report-

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1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency

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.    Form Segment Analysis
                 3.2.2.    Application Segment 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 for Algae Protein
                 4.2.2.    Growing Demand for Protein-rich and Lipid-rich Aquafeed
                 4.2.3.    Rising Demand for Omega-3 Fatty Acid
       4.3.    Restraints
                 4.3.1.    Complex Production Process for Nannochloropsis
       4.4.    Opportunity
                 4.4.1.    Growing Demand from the Biodiesel Industry
       4.5.    Challenges
                 4.5.1.    Risk of Nannochloropsis Contamination

5.    The Impact of Covid-19 on the Nannochloropsis Market

6.    Global Nannochloropsis Market, by Form
       6.1.    Introduction
       6.2.    Frozen
       6.3.    Liquid
       6.4.    Powder
       6.5.    Fresh Pastes

7.    Global Nannochloropsis Market, by Application
       7.1.    Introduction
       7.2.    Aquafeed
       7.3.    Extraction Companies
       7.4.    Other Applications

8.    Nannochloropsis 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.    Spain
                 8.3.2.    Portugal
                 8.3.3.    Germany
                 8.3.4.    Italy
                 8.3.5.    France
                 8.3.6.    Rest of Europe (RoE)
       8.4.    Asia-Pacific
                 8.4.1.    China
                 8.4.2.    India
                 8.4.3.    Japan
                 8.4.4.    Australia
                 8.4.5.    Rest of Asia-Pacific (RoAPAC)
       8.5.    Latin America
                 8.5.1.    Brazil
                 8.5.2.    Mexico
                 8.5.3.    Rest of Latin America (RoLATAM)
       8.6.    The Middle East & Africa

9.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
       9.1.    Green Aqua Company SGPS S.A.
       9.2.    Reed Mariculture Inc.
       9.3.    Lyxia Corporation
       9.4.    BlueBioTech Int. GmbH
       9.5.    Algatech LTD (A part of Solabia Group)
       9.6.    Allmicroalgae Natural Products S.A.
       9.7.    Necton S.A.
       9.8.    AlgaSpring B.V.
       9.9.    Archimede Ricerche Srl
       9.10.    Proviron Industries NV
       9.11.    Monzón Biotech S.L
       9.12.    Shaivaa Algaetech LLP
       9.13.    Astaxa GmbH

10.    Appendix
        10.1.    Questionnaire
        10.2.    Available Customization

List of Tables

Table 1    Global Nannochloropsis Market: Impact Analysis of Market Drivers (2021–2028)
Table 2    Global Nannochloropsis Market: Impact Analysis of Market Restraints (2021–2028)
Table 3    Global Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 4    Frozen Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 5    Liquid Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 6    Powder Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 7    Fresh Paste Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 8    Global Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 9    Nannochloropsis Market Size for Aquafeed, by Country/Region, 2019–2028 (USD Thousand)
Table 10    Nannochloropsis Market Size for Extraction Companies, by Country/Region, 2019–2028 (USD Thousand)
Table 11    Nannochloropsis Market Size for Other Applications, by Country/Region, 2019–2028 (USD Thousand)
Table 12    Nannochloropsis Market Size, by Region, 2019–2028 (USD Thousand)
Table 13    Nannochloropsis Market Size, by Region, 2019–2028 (Tons)
Table 14    North America: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 15    North America: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 16    North America: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 17    U.S.: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 18    U.S.: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 19    Canada: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 20    Canada: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 21    Europe: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 22    Europe: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 23    Europe: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 24    Spain: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 25    Spain: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 26    Portugal: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 27    Portugal: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 28    Germany: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 29    Germany: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 30    Italy: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 31    Italy: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 32    France: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 33    France: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 34    RoE: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 35    RoE: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 36    Asia-Pacific: Nannochloropsis Market Size, by Country, 2019-2028 (USD Thousand)
Table 37    Asia-Pacific: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 38    Asia-Pacific: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 39    China: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 40    China: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 41    India: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 42    India: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 43    Japan: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 44    Japan: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 45    Australia: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 46    Australia: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 47    RoAPAC: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 48    RoAPAC: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 49    Latin America: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 50    Latin America: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 51    Latin America: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 52    Brazil: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 53    Brazil: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 54    Mexico: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 55    Mexico: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 56    RoLATAM: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 57    RoLATAM: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 58    Middle East & Africa: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 59    Middle East & Africa: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)

List of Figures

Figure 1    Key Stakeholders
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    Frozen Nannochloropsis Segment to Dominate Nannochloropsis Market by 2028
Figure 9    Aquafeed Application Segment Dominate Overall Nannochloropsis Market in 2021
Figure 10    Europe Dominates the Overall Nannochloropsis Market
Figure 11    Market Dynamics
Figure 12    Global Nannochloropsis Market Size, by Form, 2021 Vs. 2028 (USD Thousand)
Figure 13    Global Nannochloropsis Market Size, by Application, 2021 Vs. 2028 (USD Thousand)
Figure 14    Nannochloropsis Market Size, by Region, 2021–2028 (USD Thousand)
Figure 15    U.S.: Fish Production, 2018 Vs. 2030 (Thousand Tons)
Figure 16    Europe: Aquaculture Fish Production, 1995–2018 (Thousand Tons)
Figure 17    India: Fish Production, 2010-2020 (Million Metric Tons)

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1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency

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.    Form Segment Analysis
                 3.2.2.    Application Segment 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 for Algae Protein
                 4.2.2.    Growing Demand for Protein-rich and Lipid-rich Aquafeed
                 4.2.3.    Rising Demand for Omega-3 Fatty Acid
       4.3.    Restraints
                 4.3.1.    Complex Production Process for Nannochloropsis
       4.4.    Opportunity
                 4.4.1.    Growing Demand from the Biodiesel Industry
       4.5.    Challenges
                 4.5.1.    Risk of Nannochloropsis Contamination

5.    The Impact of Covid-19 on the Nannochloropsis Market

6.    Global Nannochloropsis Market, by Form
       6.1.    Introduction
       6.2.    Frozen
       6.3.    Liquid
       6.4.    Powder
       6.5.    Fresh Pastes

7.    Global Nannochloropsis Market, by Application
       7.1.    Introduction
       7.2.    Aquafeed
       7.3.    Extraction Companies
       7.4.    Other Applications

8.    Nannochloropsis 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.    Spain
                 8.3.2.    Portugal
                 8.3.3.    Germany
                 8.3.4.    Italy
                 8.3.5.    France
                 8.3.6.    Rest of Europe (RoE)
       8.4.    Asia-Pacific
                 8.4.1.    China
                 8.4.2.    India
                 8.4.3.    Japan
                 8.4.4.    Australia
                 8.4.5.    Rest of Asia-Pacific (RoAPAC)
       8.5.    Latin America
                 8.5.1.    Brazil
                 8.5.2.    Mexico
                 8.5.3.    Rest of Latin America (RoLATAM)
       8.6.    The Middle East & Africa

9.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
       9.1.    Green Aqua Company SGPS S.A.
       9.2.    Reed Mariculture Inc.
       9.3.    Lyxia Corporation
       9.4.    BlueBioTech Int. GmbH
       9.5.    Algatech LTD (A part of Solabia Group)
       9.6.    Allmicroalgae Natural Products S.A.
       9.7.    Necton S.A.
       9.8.    AlgaSpring B.V.
       9.9.    Archimede Ricerche Srl
       9.10.    Proviron Industries NV
       9.11.    Monzón Biotech S.L
       9.12.    Shaivaa Algaetech LLP
       9.13.    Astaxa GmbH

10.    Appendix
        10.1.    Questionnaire
        10.2.    Available Customization

List of Tables

Table 1    Global Nannochloropsis Market: Impact Analysis of Market Drivers (2021–2028)
Table 2    Global Nannochloropsis Market: Impact Analysis of Market Restraints (2021–2028)
Table 3    Global Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 4    Frozen Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 5    Liquid Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 6    Powder Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 7    Fresh Paste Nannochloropsis Market Size, by Country/Region, 2019–2028 (USD Thousand)
Table 8    Global Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 9    Nannochloropsis Market Size for Aquafeed, by Country/Region, 2019–2028 (USD Thousand)
Table 10    Nannochloropsis Market Size for Extraction Companies, by Country/Region, 2019–2028 (USD Thousand)
Table 11    Nannochloropsis Market Size for Other Applications, by Country/Region, 2019–2028 (USD Thousand)
Table 12    Nannochloropsis Market Size, by Region, 2019–2028 (USD Thousand)
Table 13    Nannochloropsis Market Size, by Region, 2019–2028 (Tons)
Table 14    North America: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 15    North America: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 16    North America: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 17    U.S.: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 18    U.S.: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 19    Canada: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 20    Canada: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 21    Europe: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 22    Europe: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 23    Europe: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 24    Spain: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 25    Spain: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 26    Portugal: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 27    Portugal: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 28    Germany: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 29    Germany: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 30    Italy: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 31    Italy: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 32    France: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 33    France: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 34    RoE: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 35    RoE: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 36    Asia-Pacific: Nannochloropsis Market Size, by Country, 2019-2028 (USD Thousand)
Table 37    Asia-Pacific: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 38    Asia-Pacific: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 39    China: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 40    China: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 41    India: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 42    India: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 43    Japan: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 44    Japan: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 45    Australia: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 46    Australia: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 47    RoAPAC: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 48    RoAPAC: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 49    Latin America: Nannochloropsis Market Size, by Country, 2019–2028 (USD Thousand)
Table 50    Latin America: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 51    Latin America: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 52    Brazil: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 53    Brazil: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 54    Mexico: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 55    Mexico: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 56    RoLATAM: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 57    RoLATAM: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)
Table 58    Middle East & Africa: Nannochloropsis Market Size, by Form, 2019–2028 (USD Thousand)
Table 59    Middle East & Africa: Nannochloropsis Market Size, by Application, 2019–2028 (USD Thousand)

List of Figures

Figure 1    Key Stakeholders
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    Frozen Nannochloropsis Segment to Dominate Nannochloropsis Market by 2028
Figure 9    Aquafeed Application Segment Dominate Overall Nannochloropsis Market in 2021
Figure 10    Europe Dominates the Overall Nannochloropsis Market
Figure 11    Market Dynamics
Figure 12    Global Nannochloropsis Market Size, by Form, 2021 Vs. 2028 (USD Thousand)
Figure 13    Global Nannochloropsis Market Size, by Application, 2021 Vs. 2028 (USD Thousand)
Figure 14    Nannochloropsis Market Size, by Region, 2021–2028 (USD Thousand)
Figure 15    U.S.: Fish Production, 2018 Vs. 2030 (Thousand Tons)
Figure 16    Europe: Aquaculture Fish Production, 1995–2018 (Thousand Tons)
Figure 17    India: Fish Production, 2010-2020 (Million Metric Tons)

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