Nannochloropsis Market Size, Share, Forecast, & Trends Analysis by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies) - Global Forecast to 2031

Nannochloropsis Market Size, Share, Forecast, & Trends Analysis by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies)-Global Forecast to 2031

According to the research report titled ‘Nannochloropsis Market Size, Share, Forecast, & Trends Analysis by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies)-Global Forecast to 2031,’ the Nannochloropsis market is projected to reach $14.0 million by 2031, at a CAGR of 8.5% from 2024 to 2031. In terms of volume, the Nannochloropsis market is projected to reach 122 tons by 2031, at a CAGR of 9.4% during the forecast period of 2024–2031. The report provides an in-depth analysis of the Nannochloropsis market across five major geographies, current market trends, size, and recent developments, and the forecast till 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges. The growth of the Nannochloropsis market is driven by the increasing demand for algal protein, the growing demand for protein-rich and lipid-rich aquafeed, and the rising demand for omega-3 fatty acids. However, the complex production process of Nannochloropsis restrains the growth of this market.

Furthermore, the growing demand from the biodiesel industry is expected to offer market growth opportunities. However, the risk of Nannochloropsis contamination is a major challenge impacting the growth of the Nannochloropsis market.

Key Players

The key players operating in the Nannochloropsis market are Proviron Industries NV (Belgium), Reed Mariculture Inc. (U.S.), Necton S.A. (Portugal), BlueBioTech Group (Germany), Allmicroalgae Natural Products S.A. (Portugal), Algatechnologies Ltd. (A Part of Solabia Group) (Israel), A4f Algae for Future (Portugal), Green Aqua Company SGPS S.A. (Portugal), AlgaSpring B.V. (Netherlands), Archimede Ricerche S.r.l (Italy), Astaxa GmbH (Germany), and Shaivaa Algaetech LLP (India).

Based on form, the Nannochloropsis market is segmented into frozen, liquid, powder, and fresh pastes. In terms of value, in 2024, the frozen segment is expected to account for the largest share of 61.5% of the Nannochloropsis market. The large market share of this segment is attributed to the higher adoption of frozen Nannochloropsis in aquafeed applications, especially in aquaculture hatcheries to establish the initial step of an artificial food chain considering its high nutritional value and rich source of fatty acids (EPA, ARA). Moreover, this segment is also projected to register the highest CAGR of 8.9% during the forecast period of 2024–2031 because frozen Nannochloropsis biomass promotes easier management in biomass production of lipid-enriched rotifers.

Based on application, the Nannochloropsis market is segmented into aquafeed, extraction companies, and other applications. In 2024, the aquafeed segment is expected to account for the largest share of 72.9% of the Nannochloropsis market. The segment’s large share is attributed to the extensive use of Nannochloropsis sp. in aquaculture due to its nutritional value and ability to produce valuable chemical compounds, such as pigments (zeaxanthin, astaxanthin, and canthaxanthin) and polyunsaturated fatty acids.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major geographies (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2024, Europe is expected to account for the largest share of 35.7% of the Nannochloropsis market. Europe’s major market share is 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 Questions Answered in the Report:

What is the value of revenue generated by the Nannochloropsis market?
At what rate is the global demand for Nannochloropsis projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the Nannochloropsis market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which form and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the Nannochloropsis market?
Who are the major players in the Nannochloropsis market? What are their specific product offerings in this market?
What recent developments have taken place in the Nannochloropsis market? What impact have these strategic developments created on the market?

Scope of the Report:

Nannochloropsis Market Assessment—by Form

Frozen
Liquid
Powder
Fresh Pastes

Nannochloropsis Market Assessment—by Application

Aquafeed
Extraction Companies
Other Applications

Nannochloropsis Market Assessment—by Geography

North America
U.S.
Canada
Europe
Spain
Portugal
Germany
Italy
France
U.K.
Denmark
Sweden
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Egypt
Saudi Arabia
South Africa
UAE
Rest of Middle East & Africa

Nannochloropsis Market - Report Summary

Report Metrics	Details
Years Considered	2024 - 2031
Base Year	2023
Forecast Period	2024-2031
Page Count	152
Units Referenced	Value (USD Thousand), Volume (Tons)
Segments/Key Topics	Market by Form, Application, Geography
Regions Covered	Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa
Key Companies Mentioned	Proviron Industries NV (Belgium), Reed Mariculture Inc. (U.S.), Necton S.A. (Portugal), BlueBioTech Group (Germany), Allmicroalgae Natural Products S.A. (Portugal), Algatechnologies Ltd. (A Part of Solabia Group) (Israel), A4f Algae for Future (Portugal), Green Aqua Company SGPS S.A. (Portugal), AlgaSpring B.V. (Netherlands), Archimede Ricerche S.r.l (Italy), Astaxa GmbH (Germany), and Shaivaa Algaetech LLP (India)

FAQs About the Report

What is Nannochloropsis?

Nannochloropsis is a genus of green microalgae, a nonmotile sphere shaped with an average diameter of 2–5 microns. It is found in both fresh and marine environments. There is a great interest in Nannochloropsis production, primarily because it contains a considerable amount of lipids and protein, making it a very interesting nutritional profile. Nannochloropsis cell mass comprises 50–55% crude protein. It has been used in the production of aquafeed, nutraceuticals, and feed supplements for several decades.

This report focuses on market analysis and opportunity assessment based on the sales of Nannochloropsis across various countries, regions, and market segments. The report also includes a competitive analysis based on leading market players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3 to 4 years.

This Nannochloropsis market report provides detailed market insights and market size & forecasts of the Nannochloropsis in terms of value & volume by form and geography and in terms of value by application.

What is the current revenue value generated by the Nannochloropsis market? At what rate is the global products market projected to grow in the next 5–7 Years?

The Nannochloropsis market is projected to reach $14.0 million by 2031, at a CAGR of 8.5% during the forecast period.

Which is the high-growth application segment of the Nannochloropsis market?

The aquafeed segment is expected to witness the fastest growth during the forecast period of 2024–2031.

What are the major drivers for this market?
Increasing Demand for Algal Protein
Growing Demand for Protein-Rich and Lipid-Rich Aquafeed
Rising Demand for Omega-3 Fatty Acids
What is the major restraint for the Nannochloropsis market?
Complex Production Process of Nannochloropsis
Who are the major players operating in the Nannochloropsis market?

The key players operating in the Nannochloropsis market are Proviron Industries NV (Belgium), Reed Mariculture Inc. (U.S.), Necton S.A. (Portugal), BlueBioTech Group (Germany), Allmicroalgae Natural Products S.A. (Portugal), Algatechnologies Ltd. (A Part of Solabia Group) (Israel), A4f Algae for Future (Portugal), Green Aqua Company SGPS S.A. (Portugal), AlgaSpring B.V. (Netherlands), Archimede Ricerche S.r.l (Italy), Astaxa GmbH (Germany), and Shaivaa Algaetech LLP (India).

Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

Europe is slated to register the highest CAGR of 9.0% during the forecast period of 2024–2031.