Global Spirulina Market: Emerging Trends, Major Key Players ALGENOL BIOFUELS INC. and CABASSI & GIURIATI SPA

According to the report, The global spirulina market was valued at $393.6 million in 2019, and is projected to reach $897.61 million by 2027, registering a CAGR of 10.5% from 2020 to 2027. The primary factors driving market expansion are an increase in demand for natural ingredients and R&D spending on commercial spirulina products. Furthermore, government promotion of spirulina production boosts the market growth. Nonetheless, untapped markets in developing countries and the simplicity of spirulina cultivation due to technological advancements are projected to drive market expansion during the forecast period.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global SPIRULINA industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Spirulina market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Spirulina players holding highest market share include ALGENOL BIOFUELS INC., CABASSI & GIURIATI SPA, CYANOTECH CORPORATION and DDW INC.. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• ALGENOL BIOFUELS INC.
• CABASSI & GIURIATI SPA
• CYANOTECH CORPORATION
• DDW INC.
• DIC CORPORATION
• DÖHLER GmbH
• DONGTAI CITY SPIRULINA BIO-ENGINEERING CO, LTD.
• ECHLORIAL
• E.I.D. PARRY LIMITED
• GIVAUDAN INTERNATIONAL SA
• PROLGAE SPIRULINA SUPPLIES PVT. LTD.
• POND TECHNOLOGIES INC.
• SENSIENT TECHNOLOGIES CORPORATION

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of SPIRULINA Market:
o Arthrospira Platensis
o Arthrospira Maxima

Market Segment By Application with focus on market share, consumption trend, and growth rate of SPIRULINA Market:
• Nutraceuticals
• Food & Beverages
• Cosmetics
• Animal Feed
• Others

Market Segment By Formulation with a focus on market share, consumption trend, and growth rate of SPIRULINA Market:
• Powder
• Tablet & Capsule
• Liquid
• Granule & Gelling Agent

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Global Spirulina Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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