Spirulina Powder Market is anticipated to register a CAGR of 6.9% during the forecast period 2017-2027.
Global Spirulina Powder Market: Dynamics
Spirulina possesses anti-oxidant, hypolipidemic and anti-inflammatory properties due to which it is witnessing a high growth in demand in the global market. For every 100 grams of Spirulina in raw form, around 60 grams is protein i.e. 60% of the whole food, which makes it the highest protein rich food in the world. Also, Spirulina has high quantities of vitamins, minerals, and other nutrients that make it an ideal food. Spirulina consists of Vitamin A, B, C, E and K and also contain calcium, iron, magnesium, manganese, phosphorus, potassium, sodium and zinc. High nutritional content of spirulina has increased the preference towards spirulina powder. Spirulina powder is also considered cost effective. Various manufacturers are focused on providing Spirulina at an optimum price, owing to the high demand among consumers.
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Global Spirulina Powder Market: Segmental Analysis
On the basis of nature, the organic segment leads with an exponential growth rate of 7.4% during the forecast period
Based on application, the dietary supplements segment leads with an estimated market valuation of over US$ 380 Mn by the end of 2027. However, the food and beverage segment is expected to register the highest growth rate of 6.9% during the forecast period
Based on sales channel, the retail segment is expected to register a higher CAGR of 7.0% during the forecast period. Whereas the direct channel segment marks a higher market share of over US$ 400 Mn by the end of 2027
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In terms of region, North America stays ahead all other regions with the highest expected market value by the end of the forecast period along with a higher growth rate as compared to the other regions. The North America regional market is expected to grow at an exponential CAGR of 7.3% during the forecast period.
Global Spirulina Powder Market: Competitive Landscape
This comprehensive research report also includes a section describing the competitive scenario of the global market. Some of the major players featured in this report are Chr. Hansen Holding A/S, Cyanotech Corp, DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNC Holdings, Inc. etc.
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