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Algal Pigments Market Expected to Reach $718 Million by 2031

Algal Pigments Market Size, Share, Forecast, & Trends Analysis by Type (Beta-Carotene, Astaxanthin, Phycocyanin), Form (Powder), Source (Microalgae, Macroalgae), Application (Food & Beverages, Nutraceuticals, Pharmaceuticals)u2014Global Forecast to 2031<br>

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Algal Pigments Market Expected to Reach $718 Million by 2031

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  1. "Algal Pigments Market Expected to Reach $718 Million by 2031” J

  2. Algal Pigments Market 2024-2031 Meticulous Research®—a leading global market research company, has published a new report titled “Algal Pigments Market—Global Opportunity Analysis and Industry Forecast (2024–2031)”. According to the report, the algal pigments market is projected to reach $718 million by 2031, growing at a CAGR of 7.2% from 2024 to 2031. Download Free Sample Report @ https://www.meticulousresearch.com/download- sample-report/cp_id=5059 Drivers of Growth in the Algal Pigments Market The algal pigments market is witnessing growth driven by: • Increasing demand for natural colorants. • Rising resistance to synthetic colors. • Greater adoption of algal pigments for therapeutic and nutritional uses. • Growing awareness of clean-label products. • The rising need to enhance product appeal. However, market growth is limited by factors such as: • High costs of natural colors. • The complex production process of algae. • Potential contamination risks during algae cultivation. • Emerging Opportunities The market presents promising opportunities, including: • Rising demand for phycocyanin. • Expanding use of natural astaxanthin in poultry and aquaculture feed. Page 1 of 5 © Meticulous Research| sales@meticulousresearch.com

  3. Algal Pigments Market 2024-2031 • Competitive Landscape The algal pigments market features a moderately competitive landscape, with both global and local players. Key market participants include: • DIC Corporation (Japan) • Givaudan SA (Switzerland) • Cyanotech Corporation (U.S.) • Bluetec Naturals Co., Ltd (China) • E.I.D. - Parry (India) Limited (India) • AstaReal Co., Ltd. (Japan) • Algatechologies Ltd. (Israel) • Zhejiang Binmei Biotechnology Co., Ltd (China) • Algae Health Sciences (U.S.) • Sochim International S.p.A. (Italy) • Merck KGaA (Germany) • Sensient Technologies Corporation (U.S.) • Tianjin Norland Biotech Co., Ltd (China) • Shaivaa Algaetech LLP (India) • Divi's Laboratories Limited (India) • Market Segmentation • By Type Page 2 of 5 © Meticulous Research| sales@meticulousresearch.com

  4. Algal Pigments Market 2024-2031 The beta-carotene segment is expected to dominate the market with 22.3% market share in 2024. Factors driving this dominance include: • Numerous health benefits of beta-carotene. • Rising demand for natural ingredients in the food and supplement industries. • Its antioxidant properties and immune-boosting effects. • By Form The powder segment is anticipated to hold the largest share due to: • Ease of handling and measurement. • Longer shelf life and enhanced stability. • By Source The microalgae segment is projected to dominate, driven by: • Rising consumer interest in microalgae-based products. • Growing demand for natural food colors. • Expanding nutraceuticals industry. • By Application The nutraceuticals segment is expected to account for 38.2% of the market share in 2024, driven by: • Demand for natural dietary supplements. • Increasing health consciousness among consumers. • Regional Insights • Europe: Leading the Global Market Page 3 of 5 © Meticulous Research| sales@meticulousresearch.com

  5. Algal Pigments Market 2024-2031 Europe is expected to hold 32.1% market share in 2024, with the market valued at $141.7 million. Key factors contributing to Europe’s dominance include: • A large food and beverage industry. • High demand for natural colorants. • Strict regulations banning artificial colors. • Increasing government focus on the algae sector. Quick Buy @ https://www.meticulousresearch.com/Checkout/68638863 About Us Meticulous Research® is a trusted partner for leading businesses globally, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence to drive revenue transformation and strategic growth. Our insights uncover forward- looking revenue opportunities, offering a competitive edge through a diverse suite of solutions, including syndicated reports, custom research, and direct analyst engagement. With over 300 syndicated studies and 60+ consulting engagements annually across eight key industry sectors and 20+ geographic markets, we solve complex challenges facing global business leaders. Our research drives sustainable growth and operational excellence, delivering transformative business performance and fueling innovation in a competitive global marketplace. Contact Us: Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200, Redding, California, 96001, U.S. Email: sales@meticulousresearch.com USA: +1-646-781-8004 Europe: +44-203-868-8738 APAC: +91-744-7780008 Website: https://www.meticulousresearch.com/ Follow Us: LinkedIn: https://www.linkedin.com/company/meticulous-research Meticulous Blog: https://meticulousblog.org/ Page 4 of 5 © Meticulous Research| sales@meticulousresearch.com

  6. Algal Pigments Market 2024-2031 Page 5 of 5 © Meticulous Research| sales@meticulousresearch.com

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