New York, According to a new market research report published by Global Insight Services “Spirulina Extracts Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Spirulina is a type of blue-green algae that is rich in protein, vitamins, and minerals. It is often used as a dietary supplement or as a natural food colorant. Spirulina Extracts is a concentrated form of spirulina that is typically sold in powder or tablet form. The powder can be added to smoothies or juices, while the tablets can be taken as a supplement. Spirulina Extracts is a rich source of vitamins A, B, and C, as well as iron, magnesium, and potassium. It is also a good source of protein and fiber.
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Key Trends
The key trends in Spirulina Extracts technology are:
1. Increased use of natural and organic ingredients
2. Increased use of functional ingredients
3. Increased use of whole food ingredients
4. Increased use of sustainable and minimally processed ingredients
Key Drivers
The key drivers of the spirulina extract market are the rising demand for natural and organic products, the increasing health consciousness among consumers, and the growing popularity of spirulina as a dietary supplement.
The demand for natural and organic products is increasing due to the growing awareness of the harmful effects of synthetic chemicals. Consumers are becoming more health conscious and are looking for products that are free from harmful chemicals. Spirulina is a natural source of vitamins, minerals, and antioxidants, and is considered to be a superfood. It is gaining popularity as a dietary supplement due to its health benefits.
The spirulina extracts market is also driven by the growing popularity of spirulina as a food ingredient. Spirulina is used as a natural colorant and flavor enhancer in food products. It is also used as a nutritional supplement in animal feed. The rising demand for spirulina-based food products is driving the growth of the spirulina extracts market.
Market Segments
The Spirulina Extracts Market is segmented by nature, form, application, and region. By nature, the market is divided into conventional and organic. Based on form, it is bifurcated into powder, tablet and capsule. On the basis of application, it is classified into food and beverage, nutraceuticals, animal feed, cosmetics and personal care, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Spirulina Extracts Market includes players such as ChrHansen A/S., Sensient Technologies Corp, Parry Nutraceuticals Limited., Cyanotech Corp, DIC Corporation, GNC Holdings, Inc., DDW Inc, Dongtai City Spirulina Bio-Engineering Co., Now Health Group Inc. and Fuqing King Dnarmsa Spirulina Co.
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Reasons to buy Spirulina Extracts Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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