Global Spirulina Powder Market Predicted to Grow Expressively and Gain Valuation of US$ 530 Mn by 2027

Market Research Hub (MRH) has publicized a new study titled “Spirulina Powder Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027)” to its vast repository, which offers precise information of the market covering current scenario and future of the global baby diaper market during 2017-2027. The report also provides details on the prospects in the global market for baby diaper. In order to provide a comprehensive view of the global market, the study highlights market growth in some prime regions including North America, Japan, Europe, APEJ, Latin America and MEA.

According to the study recent evaluations, the global spirulina powder market is expected to witness a strong growth rate of 5.9% during the forecast period. The global spirulina powder market is anticipated to reach a market valuation of over US$ 530 Million by the end of 2027.

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In the initial section, the study describes the scope of the analysis along with the current market overview of spirulina powder. Spirulina is a powerful little algae that can provide a wide variety of health benefits. It has been analyzed that spirulina retains anti-oxidant, hypolipidemic and anti-inflammatory properties owing to which it is perceiving a high growth in demand in the global market. The research finds that high nutritional content of spirulina has augmented the preference towards spirulina powder. Spirulina powder is also considered cost-effective thereby increasing its high demand.

As per the research, spirulina powder is finding its way in various products. This is a result of FDA's approval of the use of Spirulina in food and beverage products. The demand for Spirulina has started surging, and companies are now manufacturing various types of products made from Spirulina. The next section of the research talks about major segments of the spirulina powder market which has the highest contribution on overall global market. The market has been segmented on the basis of nature, application, sales channel and the above-mentioned regions. Based on segmentation, the research finds the following:

On the basis of nature, the research covers organic and conventional segment. Of these, the organic segment estimated to grow at an impressive rate during the forecast period.
Moving further, spirulina has found applications in many industries such as food, beverages, cosmetics and spa treatments, animal feed, pet food and nutraceuticals. The analysts find that the food and beverage segment is expected to register the highest growth rate in the coming years.
Geographically, the research finds that the North America regional market is expected to grow at an exponential CAGR throughout the mentioned forecast.
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At last, the report studies the competitive landscape in the spirulina powder market in detail and offers a holistic analysis of the business and product strategies of key players. A lucid analysis of the qualitative and quantitative factors impacting market growth has been included for the perusal of readers. Major players outlined in this study include Dongtai City Spirulina Bio-Engineering Co., Ltd., Chr. Hansen Holding A/S, Fuqing King Dnarmsa Spirulina Co., Ltd., Cyanotech Corp, DDW Inc., DIC Corporation, GNC Holdings, Inc.

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This release was published on openPR.