Haematococcus Pluvialis Industry Set to Achieve $189.8 Million Valuation by 2030

Meticulous Research®, a leading global market research firm, has published an in-depth report titled "Haematococcus Pluvialis Market by Product (Astaxanthin Ingredients: Oleoresin, Beadlets, Whole Biomass Powder, Water Dispersible Powder; Astaxanthin Bulk Finished Products: Capsules, Tablets); Application (Nutraceuticals, Aquaculture & Animal Feed, Cosmetics, Food & Beverages, Pharmaceuticals); and Geography – Global Forecast to 2030." According to this latest publication, the global Haematococcus Pluvialis market is expected to reach $189.8 million by 2030, growing at a CAGR of 13.3% from 2023 to 2030. In terms of volume, the market is projected to grow to 1,369.9 tons by 2030, with a CAGR of 14.8% during the forecast period.
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The market's growth is driven by the increasing demand for natural astaxanthin in nutraceuticals, heightened awareness of natural food colorants, and a growing preference for clean-label products. However, high production costs pose a significant challenge to market expansion. Opportunities for market growth are expected to arise from the rising demand for natural astaxanthin in poultry and aquaculture, despite the complexities involved in the production process. Additionally, the burgeoning interest in self-grooming products represents a notable trend in the Haematococcus Pluvialis market.