The Spirulina Market research reports 2023-2030. A detailed study accumulated to offer the Latest insights about acute features of the Global Spirulina market. This report provides a detailed overview of key factors in the Spirulina Market and factors such as driver, restraint, past, and current trends, regulatory scenarios, and technology development. This report elaborates the market size, revenue, and growth of the Spirulina industry, and breaks it down according to the type, application, and consumption area of Spirulina. The report also conducted a PESTEL analysis of the industry to study the industry’s main influencing factors and entry barriers.
The Spirulina Market is expected to reach USD 968.6 million by 2030, at a CAGR of 13.2% during the forecast period 2022 to 2030.
Some of the key players profiled in the study are:
Earthrise Nutritional, LLC (U.S.), DIC Corporation (Japan), Yunnan Green A Bio-engineering Co., Ltd (China), Algene Biotech (India), Tianjin Norland Biotech Co., Ltd. (China), Cyanotech Corporation (U.S.), E.I.D. Parry (I) Ltd. (India), Far East Biotech Co. Ltd., (China), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), and Australian Spirulina (Australia), Hydrolina Biotech, GreeNatr Premium, Nutrex Hawaii, Health Force, Source Naturals, Triquetra Health, Solaray (Nutraceutical International Corporation), Viva Naturals
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Spirulina Market Overview
Spirulina is a type of blue-green algae, which is another name for this type of plant. Spirulina is called a “superfood” because it has a lot of good nutrients. Protein, beta-carotene, fatty acids, vitamins, copper, and iron are all in spirulina. Spirulina comes in two main types: Arthrospira and Arthrospira. Phycocyanin is a blue pigment that is taken from algae. It is mostly used as a natural colorant in foods and drinks. The global spirulina market is growing because more and more people want green ingredients in their food.
Spirulina has antioxidant and cleaning qualities, and it also has trace elements like selenium and zinc that are important for skin health. Also, it makes the skin firmer and more flexible. Spirulina is used in many cosmetics and personal care items because it contains phycocyanin, which helps the skin get rid of toxins and stay moist. The growth of spirulina on the global market is being driven by the rising demand for cosmetics with natural extracts.
Market Segmentation
Spirulina Market by Types:
- Arthrospira Platensis
- Arthrospira Maxima
Spirulina Market by Applications:
- Nutraceuticals
- Food & Beverages
- Animal Feed
- Cosmetics
- Agriculture
By Formulation
- Powder
- Tablet & Capsule
- Liquid
- Granule & Gelling Agent
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Regional Insights
By 2021, it is expected that North America will have the biggest part of the global spirulina market. But the market for spirulina is projected to grow quickly in the Asia-Pacific region, especially in China, India, and Japan, over the next few years. The rise of the market is likely to be driven by the presence of local and regional players, the growing dietary supplement industry, the growing need to end malnutrition, good weather conditions, and low production costs. The Asia-Pacific spirulina market is also growing because the government is doing things to promote the use of spirulina and because study is still going on to find new ways to use spirulina.
Country-Level Break-Up:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Influence of the Spirulina market report:
-Comprehensive assessment of all opportunities and risks in the Spirulina market.
-Spirulina market recent innovations and major events.
-Detailed study of business strategies for growth of the Spirulina market-leading players.
-Conclusive study about the growth plot of the Spirulina market for forthcoming years.
-In-depth understanding of Spirulina market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Spirulina market.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
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