Global Nannochloropsis Market Size, Share, and COVID-19 Impact Analysis, By Type (Powder, Liquid, and Others), By Application (Aquaculture, Animal Feed, Nutraceuticals & Dietary Supplements, Cosmetics & Personal Care, Biofuels & Bioenergy, Bioremediation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Nannochloropsis Market Insights Forecasts to 2035

• The Global Nannochloropsis Market Size Was Estimated at USD 4.50 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.53% from 2025 to 2035
• The Worldwide Nannochloropsis Market Size is Expected to Reach USD 9.02 Million by 2035
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Nannochloropsis Market Size was worth around USD 4.50 Million in 2024 and is Predicted to Grow to around USD 9.02 Million by 2035 with a compound annual growth rate (CAGR) of 6.53% from 2025 and 2035. The market for nannochloropsis is increasing due to the growing need for biofuels, nutraceuticals, and sustainable aquaculture feed. This demand is being bolstered by technical improvements, higher research and development expenditures, and a global trend toward ecologically friendly, plant-based, and renewable products.   

Market Overview

The global industry focused on growing, processing, and selling nannochloropsis, a genus of microalgae renowned for its rich nutritional profile, high lipid content, and variety of uses, is known as the nannochloropsis market. Aquaculture, nutraceuticals, biofuels, cosmetics, and medicines are just a few of the industries that are included in the nannochloropsis market. The capacity of nannochloropsis to generate proteins, antioxidants, and omega-3 fatty acids makes it a valuable substitute for conventional feedstocks and ingredients.   

The nannochloropsis market demand is being driven by the increased aquaculture production that has resulted from the growing demand for seafood, particularly finfish and shellfish. The desire to lessen reliance on fossil fuels and the increasing focus on renewable energy sources are driving the nannochloropsis market. The growing need for algal protein, aquafeed that is high in protein and lipids, and omega-3 fatty acids are the main factors propelling the nannochloropsis market. The industrial need is being driven by the continuous research and development in the fields of microalgae farming, biotechnology, and bioprocessing.  

Report Coverage

This research report categorizes the nannochloropsis market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the nannochloropsis market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the nannochloropsis market. 

Driving Factors

Growing awareness of environmental sustainability, improvements in algae culture technology, and growing demand for plant-based and green products are driving the nannochloropsis market. The high protein content of nannochloropsis and the rising demand for algal protein are anticipated to propel the nannochloropsis market's expansion. Due to its high concentrations of omega-3 fatty acids and other vital elements that improve fish health and growth, nannochloropsis is widely used in aquaculture feed. The need for nannochloropsis as a sustainable and efficient source of omega-3 fatty acids is rising as the nutraceutical and functional food sectors recognize the benefits of adding these fatty acids to their products.   

Restraining Factors

High production costs, scalability issues, complicated regulations, and competition from traditional feed and fuel sources are some of the constraints that the nannochloropsis market must overcome in order to achieve wider commercial adoption, despite its potential for sustainability and nutritional benefits.

Market Segmentation

The nannochloropsis market share is classified into type and application. 

• The powder segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the nannochloropsis market is divided into powder, liquid, and others. Among these, the powder segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The powder nannochloropsis is a common feed additive. The addition of Nannochloropsis to fish and shrimp feed is crucial due to its high protein content, omega-3 fatty acids, and vital minerals. The demand for nannochloropsis powder is being driven by the growing need for nutrient-dense and environmentally friendly aquaculture feeds.   

• The aquaculture segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the nannochloropsis market is divided into aquaculture, animal feed, nutraceuticals & dietary supplements, cosmetics & personal care, biofuels & bioenergy, bioremediation, and others. Among these, the aquaculture segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Growing demand for sustainable protein sources and increased seafood consumption are driving substantial growth in the aquaculture sector. Nannochloropsis nutritional composition, which includes a high protein content and omega-3 fatty acids, makes it a valuable feed element in aquaculture.

Regional Segment Analysis of the Nannochloropsis Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the nannochloropsis market over the predicted timeframe.

North America is anticipated to hold the largest share of the nannochloropsis market over the predicted timeframe. North America is driven by strong demand in the biofuel, nutraceuticals, and aquaculture industries. The area gains from robust research projects, sophisticated biotechnology infrastructure, and growing consumer knowledge of plant-based and sustainable food sources. The market for nannochloropsis in the United States is driven by the fall in wild fish stocks and the rise in demand for seafood products. North American consumers are becoming more interested in natural and plant-based foods as they prioritize their health and general well-being. The need for nannochloropsis in North America is being driven by the need for sustainable solutions in bioremediation, wastewater treatment, and renewable energy.

Asia Pacific is expected to grow at a rapid CAGR in the nannochloropsis market during the forecast period. Asia-Pacific region is the demand for sustainable solutions in aquaculture, biofuels, and health supplements is rising in the region as a result of significant investments made in algae-based technology by nations like China, India, and Japan. Governments are supporting this surge with funding and laws that encourage the use of renewable energy sources and plant-based diets. India comes in at 8.3%, driven by the need for sustainable protein substitutes, growing demand for nutraceuticals, and subsidies for microalgae farming. A popular element in environmentally concerned enterprises, nannochloropsis is rich in minerals and omega-3 fatty acids.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the nannochloropsis market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cellana
• Algatech
• Phyco Biotech
• Nutrex Hawaii
• Necton S.A.
• AlgaSpring B.V.
• Reed Mariculture
• BlueBioTech Group
• Algatechnologies Ltd.
• Proviron Industries NV
• Varicon Aqua Solutions
• Archimede Ricerche S.r.l
• Guangdong Runke Bioengineering
• Qingdao Jingling Ocean Technology,
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In October 2020, Cyanotech® Corporation announced the release of BioAstin® Hawaiian Astaxanthin® in 1% and 2% concentrations in a novel water-dispersible powder form. A potent nannochloropsis antioxidant, BioAstin Hawaiian Astaxanthin is made from organic Haematococcus pluvialis microalgae that are cultivated on Hawaii's Kona Coast. The most vertically integrated manufacturer of astaxanthin derived from natural sources is Cyanotech.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the nannochloropsis market based on the below-mentioned segments:  

Global Nannochloropsis Market, By Type

• Powder
• Liquid
• Others

Global Nannochloropsis Market, By Application

• Aquaculture
• Animal Feed
• Nutraceuticals & Dietary Supplements
• Cosmetics & Personal Care
• Biofuels & Bioenergy
• Bioremediation
• Others

Global Nannochloropsis Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa