Rising Demand Fuels Algal Pigments Market to Reach $669.8 Million by 2030
According to the most recent report by Meticulous Researchu00ae, the algal pigments market is projected to achieve $669.8 million by 2030.n
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Rising Demand Fuels Algal Pigments Market to Reach $669.8 Million by 2030
Algal PigmentsMarket2023-2030 Meticulous Research , a premier global market research firm, has released a new report titled "Algal Pigments Market by Type (Beta-Carotene, Astaxanthin, Phycocyanin, Phycoerythrin, Chlorophyll), Form (Powder), Source (Microalgae, Macroalgae), Application (Food & Beverages, Aquaculture, Nutraceuticals, Pharmaceuticals, Cosmetics) - Forecast to 2030." Download Free Sample Report: https://www.meticulousresearch.com/download-sample- report/cp_id=5059?utm_source=pdf&utm_medium=social&utm_campaign=product& utm_content=19-06-2024 According to the latest findings from Meticulous Research , the global algal pigments market is poised to exceed $669.8 million by 2030, exhibiting a robust CAGR of 7.2% from 2023 to 2030. The primary drivers of this market growth are the increasing demand for natural colorants and the expanding use of algal pigments in therapeutic and nutritional applications. Additionally, the rising consumer preference for clean-label products and the shift away from synthetic colors are further propelling market growth. However, challenges such as high production costs, complex algae cultivation processes, and contamination risks pose significant constraints. Market Segmentation: The algal pigments market is meticulously segmented based on type, form, source, and application. By Type: oBeta-Carotene oAstaxanthin oFucoxanthin oPhycocyanin oPhycoerythrin oLutein oChlorophyll By Form: oPowder oLiquid By Source: oMicroalgae (including spirulina, haematococcus pluvialis, dunaliella salina, chlorella, and others) oMacroalgae/Seaweed (including red, brown, and green seaweed) By Application: oFood & Beverages oAquaculture Page 1 of 3 Meticulous Research| sales@meticulousresearch.com
Algal PigmentsMarket2023-2030 oNutraceuticals oPharmaceuticals oCosmetics oOther sectors Geographically, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with detailed competitive analysis and regional insights. Browse in Depth: https://www.meticulousresearch.com/product/algal-pigments- market- 5059?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content= 19-06-2024 Market Highlights: Phycocyanin Segment: Expected to register the highest CAGR during the forecast period. This growth is driven by the rising adoption of phycocyanin in nutraceutical and nutritional applications, the shift towards natural blue colorants, increased investments in phycocyanin production, and growing consumer awareness of clean- label products. Microalgae Source: Projected to dominate the market share in 2023, due to consumer preference for microalgae-sourced products, health and wellness trends, and the expanding dietary supplements industry. Food & Beverages Application: Anticipated to command the largest share in 2023, driven by increasing consumer demand for plant-derived alternatives, strict regulations against synthetic colors, and the nutritional, eco-friendly, and non-toxic properties of algal pigments. Regional Analysis: Europe is expected to lead the market in 2023, supported by its robust food and beverages industry, stringent regulations against synthetic colors, and growing emphasis on health and wellness trends. Key Market Players: Leading companies in the algal pigments market include Bluetec Naturals Co., Ltd (China), E.I.D. - Parry (India) Limited (India), Cyanotech Corporation (U.S.), AstaReal Group (Japan), Algatechologies Ltd. (Israel), Zhejiang Binmei Biotechnology Co., Ltd. (China), Algae Health Sciences (U.S.), Sochim International S.p.A. (Italy), D.D. Williamson & Co., Inc. (U.S.), Chlostanin Nikken Nature Co. Ltd. (China), DIC Corporation (Japan), Merck KGaA (Germany), Sensient Technologies Corporation (U.S.), Tianjin Norland Biotech Co., Ltd (China), AstaReal Group (Japan), Shaivaa Algaetech LLP (India), and Divi's Laboratories Limited (India). Page 2 of 3 Meticulous Research| sales@meticulousresearch.com
Algal PigmentsMarket2023-2030 Buy Now: https://www.meticulousresearch.com/Checkout/68638863?utm_source=pdf&utm_med ium=social&utm_campaign=product&utm_content=19-06-2024 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com
