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The Nannochloropsis Market is projected to reach $14 million by 2031, at a CAGR of 8.5% from 2024 to 2031. The growth of the Nannochloropsis market is driven by the increasing demand for algal protein, the growing demand for protein-rich and lipid-rich aquafeed, and the rising demand for omega-3 fatty acids. However, the complex production process of Nannochloropsis restrains the growth of this market.
The growing demand from the biodiesel industry is expected to generate growth opportunities for the players operating in this market. However, the risk of Nannochloropsis contamination is a major challenge impacting market growth.
Here are the top 10 companies operating in the Nannochloropsis Market
Proviron Industries NV (Belgium)
Founded in 1977 and headquartered in Hemiksem, Belgium, Proviron designs, manufactures, and markets chemicals for medium-volume niche markets. The company mainly operates through seven business segments: Proviplast, Provichem, Provifrost, Animal Health, Proviflow, Microalgae, and Tolling. The company provides microalgae products, including nannochloropsis sp., isochrysis ‘Tahitian strain’, and tetraselmis chuii through its Microalgae business segment.
The company’s algae production is HACCP and FCA-certified. Microalgae produced at Proviron are cultivated using the proprietary ProviAPT, Proviron’s advanced photobioreactor technology. The company offers freeze-dried Nannochloropsis sp. mainly for the cultivation of rotifers.
The company has a strong geographic presence across Europe, North America, and Asia. As of 2023, the company had a headcount of 242 employees worldwide.
Reed Mariculture Inc. (U.S.)
Founded in 1995 and headquartered in Campbell, the U.S., Reed Mariculture produces and markets marine microalgae concentrates. The company provides whole-cell, whole-food microalgae feed and enrichments from marine algae. It supplies algal feed and zooplankton to universities, marine ornamental growers, and over 500 fish, shrimp, and shellfish hatcheries in more than 90 countries globally. The company provides rotifer starter cultures, over 10 million to over 1 billion rotifers, and support and services.
Since 1998, the company has offered microalgae, a frozen feed for rotifers, to ensure rapid reproduction with rich nutritional value.
In 2003, Reed Mariculture expanded its focus from microalgae to a broader range of larviculture products by introducing live zooplankton (rotifers, copepods, and Mysid shrimp). In 2004, the company entered the home aquarium market by introducing Phyto-Feast, a super concentrate of marine microalgae formulated for feeding exotic filter feeders, such as clams, corals, sponges, and tunicates that are popular in marine reef tanks. In 2005, Reed Mariculture expanded its offerings into the marine ornamental industry with the Reef Nutrition product line, including marine microalgae, macroalgae, rotifers, copepods, and mysid shrimp.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 1997 and headquartered in Olhão, Portugal, Necton produces and markets sea salt and microalgae. The company produces several microalgae species, including nannochloropsis, chlorella, phaeodactylum, haematococcus, porphyridium, dunaliella, isochrysis, pavlova, chaetoceros, neochloris, odontella, and botryococcus under the phototrophic conditions in closed production systems.
Necton offers microalgae products in liquid, paste, and powder form under the brand name PhytoBloom. The company serves the aquaculture, home aquarium, and cosmetics industries.
The company has a geographic presence across North America, Europe, Asia-Pacific, and Latin America. As of 2021, the company had a headcount of 58 employees.
BlueBioTech Group (Germany)
Founded in 2000 and headquartered in Schleswig-Holstein, Germany, BlueBioTech is engaged in the research, production, and distribution of microalgae. The company offers microalgae products through its subsidiaries, BlueBioTech GmbH and BlueBioTech International GmbH.
BlueBioTech GmbH, located in Büsum, deals with research and development as well as the production of high-quality products based on microalgae, especially for international aquaculture. The company’s product portfolio includes algae-based sterile cultures and feed cultures, algae paste and concentrates, and algae powder freeze-dried. It also offers nannochloropsis starter concentrate, frozen paste, freeze-dried for large-scale algae production, and animal feed.
BlueBioTech International GmbH, located in Kaltenkirchen, specializes in the development, production, and sale of natural food supplements. The company also develops, produces, and sells microalgae-based nutraceuticals, special health products, and natural cosmetics. BlueBioTech sells nutraceuticals under the brand Dr. Peter Hartig at the teleshopping channel HSE24 and directly to end-users. The company looks after distributing microalgae products, including spirulina platensis, astaxanthin-containing microalgae haematococcus pluvialis, chlorella pyrenoidosa, and dunaliella salina.
The company has a geographic presence across Europe.
Allmicroalgae Natural Products S.A. (Portugal)
Founded in 2010 and headquartered in Lisboa, Portugal, Allmicroalgae is engaged in the cultivation of nannochloropsis oceanica, chlorella vulgaris, phaeodactylum sp., and tetraselmis sp. in closed tube systems or fermentation vessels. Allmicroalgae focuses on microalgae products and solutions for food, dietary supplements, feed, and agriculture applications. The company has its production facility in Leiria, 100 km north of Lisbon, Portugal. The company produces Nannochloropsis sp. in closed tubular photobioreactors. Allmicroalgae offers Nannochloropsis products for pet foods, aquafeed, ornamental fish, farm animals, cosmetics, and beauty care sectors.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Meticulous Research in its latest publication on Nannochloropsis Market has predicted the growth of 8.5% during the forecast year 2024-2031.
Algatechnologies Ltd. (a part of Solabia Group) (Israel)
Founded in 1998 and headquartered in Kibbutz Ketura, Israel, Algatechnologies develops and cultivates microalgae, specifically haematococcus pluvialis, phaeodactylum tricornutum, porphyridium cruentum, nannochloropsis, and euglena gracilis.
The company produces nannochloropsis and natural astaxanthin sourced from the microalga haematococcus pluvialis in the form of oleoresin extract, powder, softgels, and gummies. AstaPure, a brand of the company, caters to the nutrition, food & beverages, and cosmetics industries.
Algatechnologies also provides logistics, warehousing, and lab support services, offering customers a reliable supply and prompt response. With its strong distribution networks across 35 countries, the company has a geographic presence in North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
Green Aqua Company SGPS S.A. (Portugal)
Founded in 2016 and headquartered in Lisbon, Portugal, Green Aqua Company is primarily focused on sustainable investment projects in the marine and aquatic biotechnology sectors. The company produces and transforms microalgae and macroalgae into freshwater and marine aquatic environments.
The company offers its products to several industries, including food, biofuel, cosmetics, pharmaceuticals, animal feed and supplementation, fertilizers, biostimulants, and other new materials, including bioplastics. It operates through its subsidiaries: Green Aqua Povoa, Green Aqua Vacant, Green Aqua Equipment, Green Aqua Biorefinery, Green Aqua Pombal, and Green Aqua Microfarmers.
The company has a strong geographic presence in Europe and distributes its products worldwide through its subsidiaries.
A4f Algae for Future (Portugal)
Founded in 2008 and headquartered in Lisbon, Portugal, A4F is a biotechnology company engaged in microalgae research & development and production up to the industrial scale. A4F develops bioengineering projects for the industrial production of microalgae, microalgae-based products, and applications. The company provides microalgae species mainly for food and beverages, animal feed, health supplements, pet food, infant food, biofuels, aquaculture, pharmaceutical, and cosmetic industry.
It also provides consultancy services in all stages of microalgae industrial project implementation. The company specializes in designing, constructing, operating, and transferring industrial microalgae production units, using different technologies according to client objectives.
The company has a geographic presence in Europe.
Founded in 2012 and headquartered in Almere, Netherlands, AlgaSpring produces and distributes marine microalgae Nannochloropsis. It has a 1.3-hectare (4 acres) photobioreactor system for producing microalgae, including Nannochloropsis gaditana.
The company’s brands, NannoStar and NutriSpring, offer Nannochloropsis to the aquaculture and human nutrition sectors. The company serves the feed, food, personal care, and aquaculture industries.
The company’s microalgae are grown on selected food-grade nutrients under the HACCP-based ISO22000, Kosher, and GMP+ certification.
The company has a geographic presence in Europe.
Archimede Ricerche Srl (Italy)
Headquartered in Liguria, Italy, Archimede Ricerche produces microalgae in industrial photo-bioreactors systems and high-quality biomass of different species, including Nannochloropsis, Isochrysis, Tetraselmis, and Chaetoceros.
The company offers microalgae products primarily for the cosmetic, aquaculture, pharmaceutical, and food industries. Moreover, Archimede Ricerche is also a member of EABA (European Algae Biomass Association, formed by most companies in the European microalgae sector).
The company has a strong geographic presence in Europe.
Popular Mentions: Astaxa GmbH (Germany) and Shaivaa Algaetech LLP (India).
Authoritative Research on the Nannochloropsis Market – Global Opportunity Analysis and Industry Forecast (2024-2031)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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