Market Overview: Global Spirulina Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Spirulina Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Spirulina Market Insights 2024-30
The Global Spirulina Market is projected to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30.
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Top Players in the Spirulina Market:
Algenol Biofuels Inc.
Hansen Holding A/S.
Cyanotech Corporation
Dongtai City Spirulina Bio-engineering Co.
Fuqing King Dnarmsa Spirulina Co., Ltd.
Fraken Biochem Co., Ltd.
Naturex S.A.
Now Foods
Parry Nutraceuticals Ltd.
Prolgae Spirulina Supplies Pvt. Ltd.
Sensient Technologies Corporation
Others
Segmentation Analysis of Spirulina Market
Spirulina Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Formulation
Powder
Tablet
Liquid
Amongst these three, Powder is anticipated to demonstrate the fastest growth in the Global Spirulina Market during 2024-30. It owes to the extensive utilization of the powdered spirulina in the food & beverage sector due to its high protein & vitamin content and easy application, which makes it an excellent dietary supplement for vegetarians or vegans.
Its growing application as a dietary supplement & in salads, desserts, drinks, etc., by nutraceutical & food manufacturers is also leading to its increasing demand in powdered form. Hence, several leading players are increasing their production & distribution capacities to offer spirulina to consumers through supermarkets, departmental stores, retailers, & online channels, which, in turn, is promoting the overall expansion of the global market.
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-By Type
Arthrospira Platensis
Arthrospira Maxima
-By Application
Food & Beverage
Dietary Supplements
Cosmetics & Personal Care
Agriculture
A Comprehensive Geographical Analysis:
-By Region
North America
South America
Europe
Middle East & Africa
Asia-Pacific
Asia-Pacific is anticipated to demonstrate the fastest market growth during 2024-30. It owes to the massive production & consumption of spirulina in different regional countries, coupled with favorable government policies for developing spirulina & its extracts, i.e., attracting the participation & substantial investments by various private players. Across the region, China is a prominent market for spirulina due to the escalating demand for natural & clean label colors in the food & beverage sector.
On the other hand, Europe is projected to witness substantial market growth over the forecast years. It attributes principally to rigorous R&D and production of spirulina across the region, coupled with its mounting demand in the food & beverage sector for producing minimally processed foods with enhanced aesthetic appeal, especially across countries like France & the UK.
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