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Nannochloropsis Market Trends

Report ID: GMI6183
Published Date: Jul 2023
Report Format: PDF

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Nannochloropsis Market Trends

The aquaculture industry is growing significantly owing to rising seafood consumption and the need for sustainable protein sources. Nannochloropsis is considered an important feed ingredient in aquaculture owing to its nutritional profile including high protein content and omega-3 fatty acids. As the aquaculture industry grows, the demand for nannochloropsis will also grow.

As nannochloropsis can utilize nutrients and pollutants from wastewater, it is being explored for applications in bioremediation and wastewater treatments. There is an increased interest in utilizing nannochloropsis to remove nutrients such as nitrogen and phosphorus from wastewater, offering an environmental-friendly solution for bioremediation.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of nannochloropsis was reached USD 4 million in 2022 and is projected to reach USD 15 million by 2032, due to the rising demand for seafood, including finfish and shellfish.

The aquaculture application segment is expected to record 6.6% CAGR from 2023-2032, owing to the higher demand for renewable and eco-friendly feeds in the aquaculture industry

Demand for nannochloropsis in the U.S. reached USD 1.8 million in 2022 and is expected to grow at lucrative pace through 2032, driven by the surging demand for seafood products and the decline in wild fish stocks.

Some of the major players operating in the market include Reed Mariculture, Cellana, Algatech, Varicon Aqua Solutions, Nutrex Hawaii, Guangdong Runke Bioengineering, Qingdao Jingling Ocean Technology, and Phyco Biotech.