Dunaliella Market Size, Share, Growth, and Industry Analysis, By Type (Dunaliella Salina, Dunaliella Bardawil and Others), By Application cc Functional and Superfood Blends, Nutrient-Rich Animal Feed, Cosmetics, Pigments and Dyes) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2022 To 2030

Updated On: 11 September 2023

Dunaliella Market Report Overview

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The global Dunaliella market size is expected to be USD 111.5 million in 2022 and is projected to touch USD 109.9 million by 2028, exhibiting a CAGR of -0.2% during the forecasting period.

A member of the algae family Dunaliellaceae is the genus Dunaliella. It is extensively dispersed across its natural habitat, which includes saltwater lakes and the ocean. Dunaliella is a naked, unicellular, bi-flagellate, green alga that measures 4–10 m in width and 6–15 m in length. It is the plant with the highest concentration of lycopene, alpha- and beta-carotene, zeaxanthin, lutein, cryptoxanthin, and other carotenoids. It also contains a lot of linolenic acid and other plentiful unsaturated fatty acids. As a result, the university is aware of the business value. The most common kind of Dunaliella sold in the market is Dunaliella Salina, which is sold as dried powder.

Despite being found in large numbers throughout the world's lakes and lagoons, species in this genus can accumulate significant amounts of -carotenoids and glycerol under extremely challenging growth conditions that include high light intensities, high salt concentrations, and limited oxygen and nitrogen levels. Because these organisms lack a cell wall, they are malleable and able to change shape, and because they have different pigments, they can change colour depending on their environment, making it challenging to distinguish and interpret species of this genus solely based on morphology or physiological characteristics. Molecular phylogeny research has emerged as a critical stage in the finding of taxonomy. This genus has been investigated for more than a century as a model organism for researching the processes involved in algal salt adaption. It has remained relevant because of its many biotechnological uses, including carotenoids in medicine, cosmetics, food, and fuel. 

COVID-19 Impact: Delay in Logistics and Transportation Led to Hamper Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with surface tensiometer market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

The COVID-19 epidemic has had a negative impact on several economies worldwide. Lockdowns and quarantines that were implemented countrywide as part of the government's response to the COVID-19 epidemic had a detrimental effect on several industries. Most food product firms in the F&B industry are still impacted by COVID-19. Due to delays in logistics and transportation, Dunaliella salina sales in the algae business significantly decreased. The supply of raw materials for culture media, as well as the production, packaging, and distribution of the finished Dunaliella salina biomass, were all interrupted in the market.

LATEST TRENDS

"Growing Demand for Naturally Sourced Beta Carotene Drives the Market Growth"

The antioxidant beta carotene, which comes from both natural and artificial sources, belongs to the family of compounds known as carotenoids. It is the primary reliable dietary source of vitamin A, which is necessary for healthy skin, epithelia, and vision as well as appropriate growth and development.

Compared to synthetic beta carotene, naturally obtained beta carotene has a number of benefits. Synthetic beta carotene has several drawbacks, including a lack of nutritional benefit, side effects, and increased risk of lung cancer and mortality. Key beta carotene extraction firms are currently creating carotene products from natural sources, such as algae, fruits, and vegetables, to overcome all these drawbacks. One of the best sources of natural beta carotene.

Dunaliella Market Segmentation

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• By Type

Based on type; the market is divided into Dunaliella Salina, Dunaliella Bardawil and Others.

In terms of product, Bardawil type is the largest segment.

• By Application

Based on application; the Dunaliella market is divided into Human Health Dietary Supplements, Functional and Superfood Blends, Nutrient-Rich Animal Feed, Cosmetics, Pigments and Dyes. 

In terms of application, Human Health Dietary Supplements is the largest segment.

DRIVING FACTORS

"Extraction Companies Will Continue to Be the Primary End User to Enhance Market Growth"

The Dunaliella market is primarily divided into extraction companies, food and beverage companies, feed companies, companies that make nutraceuticals and health supplements, pharmaceutical companies, and companies that make cosmetics based on the end user. The largest end user in the Dunaliella market is anticipated to continue to be extraction businesses. Due to the rising demand for carotenoids the market is growing. 

"Advancements in Dietary Source to Augment Market Growth "

The growing popularity of sports and bodybuilding among people is another reason fostering Dunaliella market growth for dietary supplements for humans. Sportspeople and athletes are showing an increasing amount of interest in sports nutrition products and supplements to improve their stamina and performance. The market will do well in the next years due to the trend towards sports nutrition products and vitamin nutritive for their capacity to improve endurance and performance.

RESTRAINING FACTORS

"High Price of the Product to Constrain Market Growth"

The expansion of the Dunaliella market is anticipated to be constrained by the rising cost of normal supplements and the high cost of preimmunized supplements. The restricted supply of organic supplements and the growing consumer preference for organic goods could further restrain market expansion. However, producers are embracing technological development to reduce the product's production cost so that consumers can buy things at reasonable costs.

Dunaliella Market Regional Insights

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"Asia Pacific Region to Lead the Market "

Dunaliella market share is anticipated to be dominated by Asia Pacific. The substantial portion of the Asia Pacific market is primarily attributable to elements like the existence of numerous local and regional players, growing government initiatives to promote the use of algae and algal ingredients in several industries, growing consumption of natural food ingredients, and growing demand for processed food products in emerging and developing countries. However, the market is anticipated to grow at the highest CAGR over the course of the forecast period, primarily because of the sizeable food and beverage industry, rising health and wellness trends, strict government regulations against the use of synthetic colourants, and rising demand for natural colourants from a variety of end-use industries.

KEY INDUSTRY PLAYERS

The research provides a full overview of the analysis of the major Dunaliella industry aspects, including sales value, sales volume, market revenue, and demand size, as well as sales growth, pricing analysis, and changing regional market growth factors. The market participants and their respective positions within the industry are discussed in the report. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials contains information on producers, locations, types, applications, sales channels, and distributors.

List of Market Players Profiled

•  NutriMed Group (Europe)
• Evolutionary Health (U.S.)
• Gong BIH (India)
• Plankton Australia Pty Ltd (Australia)
• Nutra-Kol (Australia)
• Parry bio (India)

REPORT COVERAGE

The report helps in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns and so on. Includes a chapter on the impact of covid-19 pandemic on the market. The data is further compiled & validated through various market estimation & data validation methodologies. The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The report also provides information about the top-winning strategies implemented by industry players.