Press release
Spirulina Market expected to hit USD 1.07 Bn by 2029 at a CAGR of 10.6 percent during the forecast period
Spirulina Market
Spirulina Market Scope and Research Methodology
The Spirulina Market report includes drivers, restraints and competitive landscapes with micro and macro factors in the top five geographic regions. The Spirulina Market report covers segments, end-user applications and market share and market penetration of the product. The Spirulina Market report involves collaborations, investment in R&D and mergers and acquisitions by major key manufacturers. The bottom-up approach is used to estimate the size of the market. The Spirulina Market report focuses on current and expected growth rates in the market throughout the forecast period. The Spirulina Market data has been collected through primary and secondary research methods. Primary research involves data from interviews with market leaders and opinions from senior research analysts and business owners. Data from public records, annual reports and paid databases has been gathered in secondary research. Collected data is later analysed through qualitative and quantitative analysis.
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Spirulina Market Dynamics
Rising consumer awareness regarding the health advantages of spirulina and growing number of health clubs and fitness centers are expected to drive the Spirulina Market. The growing use of spirulina in superfood is due to its natural colors derived from it and the government efforts in spirulina production is expected to drive the Spirulina Market growth. The end user segments of Spirulina Market include food and beverages, veterinary, pharmaceutical and cosmetic industries has been driving the global Spirulina Market growth throughout the forecast period from 2022 to 2029. The stringent government regulations and lower stability and sustainability of the spirulina product is expected to restrain the Spirulina Market growth.
Spirulina Market Regional Insights
North America held the largest Spirulina Market share of 51 percent in 2021 and is expected to maintain this position throughout the forecast period. Growing consumer need for organically derived food and region's growth in the food processing industry has been driving the North America Spirulina Market. Also, the Spirulina Market growth has been driving due to spriluna's hundred percent vegetarian supplement.
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Spirulina Market Segmentation
By Type:
ArthrospiraPlatensis
Arthrospira Maxima
By Drug Formulation:
Powder
Tablet & Capsule
Liquid
Granule & Gelling Agent
By Application:
Food & beverages
Nutraceutical
Animal and Aquaculture Feed
Pharmaceutical
Veterinary
Cosmetic
Others
Spirulina Market Key Players Include:
Sensient Technologies Corp.
Parry Nutraceuticals Limited
Now Health Group Inc.
Naturex S.A.
Naturalin Bio-Resources Co., Ltd
GNT Holding B.V.
GNC Holdings, Inc.
Fuqing King DnarmsaSpirulina Co., Ltd.
FrakenBiochem Co., Ltd.
Far East Bio-Tec Co., Ltd.
Dongtai City Spirulina Bio-Engineering Co., Ltd.
Dhler GmbH
DIC Corporation
DDW Inc.
Cyanotech Corp
Chr. Hansen Holding A/S
Cabassi & Giuriati SpA
Echlorial
Givaudan international SA
Yunnan Green A Biological Project Co., Ltd
Earthrise Nutritionals, Llc
Zhejiang Comp Spirulina Co., Ltd.
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Table of Content for Global Spirulina Market:
Global Spirulina Market: Research Methodology
Global Spirulina Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Spirulina Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Spirulina Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Drug Formulation (2021-2029)
Global Market, by Application (2021-2029)
Regional Spirulina Market (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Drug Formulation (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type, Drug Formulation and Application
Competitive Landscape - Profiles of selected key players by region in strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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