Meticulous Research® , a top global market research organization, has released a detailed report titled ‘ Europe Nannochloropsis Market by Form (Frozen, Liquid, Powder, Fresh Pastes), Application (Aquafeed, Extraction Companies, Other Applications) - Forecast to 2030’ .

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The report forecasts that the Europe Nannochloropsis market will reach USD 4.79 million by 2030, with a CAGR of 9.0% from 2023 to 2030. By volume, the market is expected to achieve 39.93 tons by 2030, growing at a CAGR of 9.6% during the forecast period.

The market's growth is driven by the increasing need for algae protein, the rising demand for protein-rich and lipid-rich aquafeed, and the growing interest in omega-3 fatty acids. The expanding biodiesel industry also provides significant growth opportunities for Nannochloropsis producers. However, the intricate production process of Nannochloropsis poses a challenge to market expansion.

Market Segmentation

The Europe Nannochloropsis market is segmented into form, application, and geography:

• By Form: The market is divided into frozen, liquid, powder, and fresh pastes. The frozen segment is anticipated to lead the market in 2023 due to its extensive use in aquaculture hatcheries and its rich content of fatty acids such as EPA and ARA. This segment is also expected to register the highest CAGR, as frozen Nannochloropsis supports effective management in biomass production of lipid-enriched rotifers.
• By Application: The market is categorized into aquafeed, extraction companies, and other applications. The aquafeed segment is projected to hold the largest market share in 2023. Nannochloropsis sp. is one of the most widely used microalgae in aquaculture due to its nutritional benefits and its ability to produce valuable chemical compounds like pigments and polyunsaturated fatty acids. This segment is expected to grow at the fastest rate due to the burgeoning aquaculture industry and increasing demand for high-protein aquafeeds.
• By Geography: The market is segmented into Spain, Portugal, Germany, Italy, France, the U.K., Denmark, Sweden, and the Rest of Europe. Spain is expected to dominate the market in 2023, driven by a strong aquaculture industry, government support, and a growing emphasis on healthier lifestyles. Additionally, the rise in demand from the biodiesel sector and a growing vegetarian population are likely to present new opportunities for Nannochloropsis producers in Spain.

Key Players:

The key players operating in the Europe Nannochloropsis market are BlueBioTech Group (Germany), Reed Mariculture Inc. (U.S.), Necton S.A. (Portugal), Astaxa GmbH (Germany), Proviron Industries NV (Belgium), Allmicroalgae Natural Products S.A. (Portugal), Algatechnologies Ltd. (A Part of Solabia Group) (Israel), Monzón Biotech S.L. (Spain), A4f Algae for Future (Portugal), AlgaSpring B.V. (Netherlands), and Archimede RicercheSrl (Italy).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/europe-nannochloropsis-market-5489

Key questions answered in the report-

• Which are the high-growth market segments in terms of type, form, application, and country/region?
• What was the historical market for Nannochloropsis across Europe?
• What are the market forecasts and estimates for the period of 2023–2030?
• What are the major drivers, restraints, challenges, opportunities, and trends in the Europe Nannochloropsis market?
• Who are the major players in the Europe market, and what are their market shares?
• Who are the major players in various countries, and what are their market shares?
• What is the competitive landscape for the Europe Nannochloropsis market?
• What are the recent developments in the Europe Nannochloropsis market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the Europe Nannochloropsis market, and how do they compete with other players?

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