Spirulina Market Global Opportunity Analysis and Industry Forecast | projected to reach $779 million by 2026, growing at a CAGR of 10.6% by Top Players Cyanotech, DIC, Chr. Hansen Holding A/S, Dongtai City Spirulina Bio-engineering, Algenol Biofuels

The New Report "Spirulina Market" published by Premium Market Insights, covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Spirulina is a natural algae powder known as cyanobacteria that comprises potent level of proteins, antioxidants, and vitamin B and other nutrients. Spirulina exhibits various benefits such as lowering of LDL and triglyceride levels and anticancer properties. It also reduces blood pressure, is effective against anemia, and improves muscle strength. The global spirulina market generated $346 million in 2018, and is projected to reach $779 million by 2026, growing at a CAGR of 10.6% from 2019 to 2026.

The increase in use of spirulina as a dietary food supplement, owing to its high nutritional content is the major factor that drives the spirulina market. Furthermore, increase in adoption of healthy food in developed countries fuel the market growth of spirulina in food & beverages. The rise in prevalence of cancer, cardiovascular diseases, immune diseases, and other diseases boosts the demand of spirulina.

Top Companies Covered in this Report:
- Cyanotech, - DIC Corporation, - Chr. Hansen Holding A/S, - Dongtai City Spirulina Bio-engineering Co., Ltd., - Algenol Biofuels Inc, - Prolgae, - Sensient Technologies Corporation, - Parry Neutraceuticals, - Algatec

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What is the Market Scope?

Furthermore, increase in healthcare expenditure and disposable income among the population is anticipated to increase the market growth. However, limited resource of spirulina as it is extracted from the freshwater sources that are available in very few areas hinders the market growth. Emerging economies such as India, China, Mexico, and Brazil are anticipated to provide new opportunities for the market growth during the forecast period.

What is the Market Segmentation?

The global spirulina market is segmented into type, application, drug formulation, and region. By type, the market is bifurcated into Arthrospira Platensis and Arthrospira Platensis. Based on application, it is categorized into nutraceuticals, cosmetics, food & beverages, agriculture, feed, and others. Based on drug formulation, the spirulina market is categorized into powder, tablet & capsule, liquid, and granule & gelling agent. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits for Spirulina Market:

The study provides an in-depth analysis of the global Spirulina market along with current trends and future estimations to elucidate the imminent investment pockets.
Comprehensive analysis of the factors that drive and restrict the market growth is provided.
Comprehensive quantitative analysis of the industry from 2017 to 2025 is provided to enable stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the key segments of the industry helps understand the applications and technologies used globally.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type       
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Spirulina Market Size
2.2 Spirulina Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Spirulina Market Size by Manufacturers
3.2 Spirulina Key Players Head office and Area Served
3.3 Key Players Spirulina Product/Solution/Service
3.4 Date of Enter into Spirulina Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Spirulina Sales by Product
4.2 Global Spirulina Revenue by Product
4.3 Spirulina Price by Product

5 Breakdown Data by End User 
5.1 Overview
5.2 Global Spirulina Breakdown Data by End User

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This release was published on openPR.