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This report provides an in-depth analysis of haematococcus pluvialis market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2027. In terms of value, the haematococcus pluvialis market is expected to grow at a CAGR of 13.2% from 2020 to 2027 to reach $148.1 million by 2027.
The growth of this market is mainly attributed to the increasing demand for natural astaxanthin for nutraceuticals, growing demand for natural food colorants, and increasing awareness for clean-label products. Moreover, the growing use of natural astaxanthin in poultry and aquaculture is further expected to create lucrative opportunities for manufacturers in the haematococcus pluvialis market. However, the high production cost is expected to hinder the haematococcus pluvialis market growth to some extent.