Global Spirulina Market: Industry Analysis and Forecast (2017-2026)


Global Spirulina Market became valued US$ 345 Mn in 2017 and is expected to reach US$ 810 Mn by means of 2026, at CAGR of eleven.26% in the course of forecast length.
Global Spirulina Market
The global spirulina marketplace length is expected to develop all through the forecast duration, owing to developing focus concerning the fitness advantages of spirulina superfood amongst consumers and an inclusive sort of herbal colours produced with the aid of spirulina. Rise within the demand for cyanobacteria due to their contribution to weight reduction and increasingly more fitness golf equipment and health centres are anticipated to force the growth of the spirulina market share within the coming years. Health advantages of cyanobacteria have helped them to find usage in cakes, smoothies, juices, salads, and breakfast food. The pores and skin and hair care marketplace demands spirulina powder as an inclusion in various remedies, such as anti-growing old, wrinkles, grey hair, hair loss, and hypersensitive reactions. In the medical enterprise, spirulina powder is used in quite a number treatments along with a number of pharmaceutical products.

In addition, the authorities across the international locations which include India and South Africa are selling the production of spirulina, considering its fitness benefits, which enables to reinforce the spirulina marketplace growth. At the identical time, lower stability and poor sustainability of herbal hues derived from spirulina compared to artificial colorings and stringent government guidelines are anticipated to avoid the marketplace growth during the forecast length. Equally, untapped markets in growing countries are projected to provide worthwhile possibilities for marketplace players.

In phrases of utility, the spirulina marketplace is labeled into nutraceuticals, cosmetics, food & beverages, agriculture, feed, and others. Nutraceuticals zone accounts for the very best market proportion and is anticipated to lead the overall spirulina marketplace at some point of the forecast period. This is resulting from the rise in difficulty regarding nutrients and fitness and an growth in preference for herbal options to conventional pharmaceutical merchandise. Spirulina is likewise in large part utilized in meals & beverage zone because it has a excessive content material of herbal pigments that imparts blue colour and is mixed with different colorations for you to reap new customized colours along with lavender, violet, and inexperienced. It additionally reveals its most important software within the beauty & private care enterprise. Furthermore, it's miles specially utilized in beauty & personal care products, specifically for the anti-growing older cream.

From a geographical factor of view, North America held the biggest market percentage of the global spirulina marketplace in 2017 and is anticipated to stay dominant in the course of the forecast period, as a consequence of growing demand for evidently derived food colouring sellers in this vicinity. Asia-Pacific is predicted to develop at the very best CAGR at some stage in the forecast duration, as it gives worthwhile possibilities for the market gamers because of the robust growth of the food processing enterprise inside the region. Moreover, developing call for for spirulina powder among vegetarian purchasers is every other issue that fuels the growth of this market, as spirulina is a one hundred% vegetarian dietary complement.

The goal of the report is to present a comprehensive assessment of the market and consists of considerate insights, information, ancient records, industry-confirmed marketplace data and projections with a appropriate set of assumptions and method. The file additionally allows in understanding the Global Spirulina Market dynamics, shape by using figuring out and analysing the market segments and assignment the global marketplace length. Further, the file also makes a speciality of the competitive evaluation of key players by means of product, fee, monetary position, product portfolio, increase techniques, and nearby presence. The file additionally gives PEST evaluation, PORTER’s analysis, and SWOT evaluation to address questions of shareholders to prioritizing the efforts and investment inside the close to destiny to the rising segment inside the Global Spirulina Market.

Scope of Global Spirulina Market:

Global Spirulina Market, By Type:

• ArthrospiraPlatensis
• Arthrospira Maxima
Global Spirulina Market, By Drug Formulation:

• Powder
• Tablet & Capsule
• Liquid
• Granule & Gelling Agent
Global Spirulina Market, By Application:

• Food & liquids
• Nutraceutical
• Animal and Aquaculture Feed
• Pharmaceutical
• Veterinary
• Cosmetic
• Others
Global Spirulina Market, By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Key Players Operated in Market Include:

• Sensient Technologies Corp.
• Parry Nutraceuticals Limited
• Now Health Group Inc.
• Naturex S.A.
• Naturalin Bio-Resources Co., Ltd
• GNT Holding B.V.
• GNC Holdings, Inc.
• Fuqing King DnarmsaSpirulina Co., Ltd.
• FrakenBiochem Co., Ltd.
• Far East Bio-Tec Co., Ltd. (ALGAPHARMA BIOTECH CORP.)
• Dongtai City Spirulina Bio-Engineering Co., Ltd.
• Dhler GmbH
• DIC Corporation
• DDW Inc.
• Cyanotech Corp
• Chr. Hansen Holding A/S

MAJOR TOC OF THE REPORT

Chapter One: Spirulina Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Spirulina Market Competition, by way of Players

Chapter Four: Global Spirulina Market Size by way of Regions

Chapter Five: North America Spirulina Revenue by using Countries

Chapter Six: Europe Spirulina Revenue through Countries

Chapter Seven: Asia-Pacific Spirulina Revenue with the aid of Countries

Chapter Eight: South America Spirulina Revenue by using Countries

Chapter Nine: Middle East and Africa Revenue Spirulina by means of Countries

Chapter Ten: Global Spirulina Market Segment with the aid of Type

Chapter Eleven: Global Spirulina Market Segment through Application

Chapter Twelve: Global Spirulina Market Size Forecast (2019-2026)

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