Press release
Spirulina Extract Market Top Key Players: Chr. Hansen 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., Fuqing K
Spirulina Extract Market
Company Profiles
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
Fuqing King Dnarmsa Spirulina Co
Parry Nutraceuticals Limited
Fraken Biochem Co., Ltd.
Naturex S.A.
Döhler GmbH
Far East Bio-Tec Co., Ltd(ALGAPHARMA BIOTECH CORP.)
Others.
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Global Spirulina Extract Market: Forecast
The global spirulina extract market is expected to witness a stellar growth rate throughout the period of assessment. The global market is projected to reach a market valuation of more than US$ 270 Mn by the end of the assessment period in 2025, up from an estimated US$ 150 Mn in 2017, growing at a CAGR of 7.9% during the forecast period, 2017-2025.
Global Spirulina Extract Market: Dynamics Influencing Growth
Increasing applications of spirulina, higher nutrition value of spirulina, approval of spirulina use in the food and beverage industry by regulatory agencies, rising demand due to cost effectiveness, favorable government initiatives for the production of spirulina, increasing launch of new varieties of natural colors produced from spirulina and increasing awareness of the health benefits associated with spirulina making it a super food are pushing the growth of the global market.
However, contamination in spirulina adversely affecting production, continuous fluctuations in import and export of spirulina and uneven environment change challenging the production of spirulina are affecting the growth of the global spirulina extract market.
Global Spirulina Extract Market: Segmental Insights
The global spirulina extract market is segmented by nature, by form, by application and by region.
By region, Europe is expected to be the largest market. The spirulina extract market in Europe is estimated to reach US$ 86.1 Mn by the end of 2025. However, North America is also expected to reflect higher growth potential. The North America spirulina extract market is projected to grow at the highest pace to register a value CAGR of 8.8% throughout the period of forecast. This region is the second highest in terms of market value.
By nature, the conventional segment leads the market with a high revenue share. The organic segment is poised to register a higher CAGR of 8.9% in the said period.
By form, the powder segment is the most lucrative and highly adopted form of spirulina. The powder segment is expected to grow at the highest pace to reflect a 8.4% CAGR during the period of forecast and is estimated to reach a market value of a little under US$ 200 Mn by 2025 end.
By application, the nutraceutical segment is the largest in terms of market value and is estimated to reflect a market valuation of more than US$ 200 Mn by the end of the period of assessment. The food and beverage segment in the application category is expected to grow at the fastest pace to register a value CAGR of 8.5% during 2017-2025.
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Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Animal Feed production Overview
2.2. Prominent Natures of Feed Additives
2.3. Market Definition
2.4. Market Taxonomy
3. Market Dynamics
3.1. Macroeconomic Factors
3.2. Supply Chain
3.3. PEST Analysis
3.4. PORTERS Five Forces
3.5. Pricing Analysis
3.6. Opportunity
4. Global Spirulina Extract Market Analysis and Forecast, By Region
4.1. Introduction / Key Findings
4.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis By Region (2012-2016)
4.2.1. North America
4.2.2. Latin America
4.2.3. Europe
4.2.4. Asia Pacific
4.2.5. Middle East and Africa
4.3. Market Size (US$ Mn) and Volume (MT) Forecast By Region
4.3.1. North America
4.3.2. Latin America
4.3.3. Europe
4.3.4. Asia Pacific
4.3.5. Middle East and Africa
4.4. Market Attractiveness Analysis By Region
4.5. Key Trends / Market Developments
5. Global Spirulina Extract Market Analysis Scenario
5.1. Market Volume Analysis
5.2. Market Size (US$ Mn) and Forecast
5.2.1. Market Value (US$ Mn)
5.2.2. Absolute $ Opportunity
5.3. Market Overview
5.3.1. Value Chain
5.3.2. Profitability Margins
5.3.3. List of Active Participants
6. Global Spirulina Extract Market Analysis and Forecast, By Nature
6.1. Introduction
6.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis By Nature (2012-2016)
6.2.1. Organic
6.2.2. Conventional
6.3. Market Size (US$ Mn) and Volume (MT) Forecast By Nature (2017-2025)
6.3.1. Organic
6.3.2. Conventional
6.4. Others Market Attractiveness Analysis By Nature
6.5. Key Trends / Market Developments
7. Global Spirulina Extract Market Analysis and Forecast, By Form
7.1. Introduction
7.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis By Form (2012-2016)
7.2.1. Powder
7.2.2. Liquid Form
7.2.3. Tablets and Capsule
7.3. Market Size (US$ Mn) and Volume (MT) Forecast By Form (2017-2025)
7.3.1. Powder
7.3.2. Liquid Form
7.3.3. Tablets and Capsule
7.4. Market Attractiveness Analysis By Form
7.5. Key Trends / Market Developments
8. Global Spirulina Extract Market Analysis and Forecast, By Application
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