Nannochloropsis Market Analysis

Nannochloropsis Market Analysis

To get key market trends

  Download Free Sample

The nannochloropsis market from powder segment held over USD 1.2 million revenue in 2022. In the aquaculture industry, nannochloropsis powder is widely used as a feed ingredient. High protein content, omega-3 fatty acids, and essential nutrients make nannochloropsis an essential addition to fish and shrimp feeds. The rising demand for eco-friendly & nutritious aquaculture feeds is fueling the nannochloropsis powder demand.
 

Nannochloropsis liquid suspension is used in bioremediation and wastewater treatments. As it can absorb nutrients and pollutants from wastewater, it proves to be an efficient solution for water purification. The growing focus on environmental sustainability and the need for effective wastewater treatments are driving nannochloropsis liquid suspension demand.
 

The open pond cultivation segment accounted for 40% of the nannochloropsis market share in 2022. Open pond cultivation is preferred for its lower infrastructure and operational costs compared to other cultivation methods. The cost-effectiveness of this method can majorly drive product demand, especially large-scale nannochloropsis production. Open pond cultivation can easily scale up production to meet the growing demand. The need for consistent & high-quality nannochloropsis biomass is stimulating the demand for photobioreactor cultivation. Photobioreactors enable higher productivity per unit area compared to open pond systems.
 

The nannochloropsis market from aquaculture segment is expected to grow at a CAGR of 6.6% through 2032, due to the rising demand for renewable & eco-friendly feeds in the aquaculture industry. The increased demand for natural & plant-based ingredients is accelerating nannochloropsis demand in the nutraceuticals segment. The growing demand for nannochloropsis is attributed to the need for a sustainable & renewable source of bioactive compounds in these industries. The demand for environmental-friendly and cost-effective solutions for water treatment and pollution control is also fueling nannochloropsis demand.
 

The U.S. nannochloropsis market size dominated around USD 1.8 million in 2022, owing to the increased demand for seafood products and the decline in wild fish stocks. North America focuses on health and overall wellbeing with consumers increasingly seeking natural & plant-based ingredients in their diets. The demand for sustainable solutions in wastewater treatment, bioremediation, and renewable energy is fueling nannochloropsis demand in North America.