Spirulina Market Set to Surpass USD 1.20 Billion by 2030, Fueled by Health and Beauty Boom

The Spirulina market's growth is driven by a combination of health consciousness, beauty trends, clean-label preferences, fitness awareness, technological innovations, and a commitment to sustainability. As these factors continue to gain prominence, the market is poised to witness sustained expansion in the coming years.
According to the SNS Insider report, the Spirulina Market Size reached USD 533.90 million in 2022 and is anticipated to reach USD 1.20 billion by 2030. The market is projected to grow at a CAGR of 10.7% over the forecast period from 2023 to 2030.

Get a Sample of Spirulina Market Report @
https://www.snsinsider.com/sample-request/1418 

Key Players:
Yanotech Corporation, DIC Corporation, Cabassi & Giuriati Spa, DDW, DÖHLER Gmbh, Dongtai City Spirulina Bio-Engineering Co., Ltd., Echlorial, E.I.D. Parry Limited, Givaudan International SA, Prolgae Spirulina Supplies Pvt. Ltd.

Market Report Scope
The market's expansion is driven by the increasing awareness of Spirulina's benefits in skincare, particularly its impact on skin firmness and elasticity due to phycocyanin content. The demand in the cosmetic and personal care sector is bolstering overall market growth. Additionally, the rising focus on health and fitness is propelling Spirulina demand for clean-labeling, sustainable production, and plant-based food products.

Market Analysis
The escalating health concerns and aversion to artificial food colorings have elevated the demand for Spirulina in plant-based food products. Clean labeling and the growth of minimally processed foods have made Spirulina a popular natural food colorant. However, challenges such as competition from synthetic colorants, extraction efficiency, and time-consuming procedures hinder market growth.

Segment Analysis
In terms of side-effect type, Arthrospira Platensis dominates the market, benefiting from increased healthcare awareness and its incorporation in global diets. In applications, the nutraceuticals sector holds a significant share, driven by growing health consciousness and a preference for natural alternatives. Spirulina's versatility in imparting natural colors contributes to its dominance in the food and beverage as well as cosmetic and personal care industries.

By Type:
• Arthrospira Platensis
• Arthrospira Maxima
By Application:
• Nutraceuticals
• Food & Beverages
• Cosmetics
• Animal Feed
• Others
By Formulation:
• Powder
• Tablet & Capsule
• Liquid
• Granule & Gelling Agent

Growth Factors
• One of the primary drivers propelling the Spirulina market is the increasing awareness of its health benefits. Spirulina is recognized for its rich content of essential nutrients, proteins, vitamins, and minerals. Consumers are increasingly turning towards natural and nutrient-rich alternatives, fostering the demand for Spirulina-infused products in the health and wellness sector.
• The surge in demand for natural and sustainable ingredients in the cosmetic and personal care industry is a significant growth factor for Spirulina. Spirulina's antioxidant and skin-nourishing properties make it an ideal component in skincare formulations. As consumers prioritize clean beauty, the cosmetic industry's reliance on Spirulina as a natural and effective ingredient is expected to drive substantial market growth.

Key Regional Development
North America is expected to maintain its dominance throughout the forecast period, driven by an advanced healthcare industry, the presence of leading manufacturers, and a high adoption rate of Spirulina. On the other hand, Asia-Pacific is anticipated to witness the highest growth, fueled by opportunities in the food processing industry.
Enquire about the report @ https://www.snsinsider.com/enquiry/1418  

Key Takeaways
• Spirulina's growth is propelled by increasing demand in cosmetics, personal care, and health-focused food and beverage products.
• The dominance of Arthrospira Platensis and the nutraceuticals sector signifies the diverse applications and widespread acceptance of Spirulina.
• North America remains a stronghold, while Asia-Pacific emerges as a high-growth region for Spirulina.

Get complete report details @ https://www.snsinsider.com/reports/spirulina-market-1418 

Recent Developments
In 2020: industry leaders Cyanotech Corporation, DIC Corporation, and Nature S.A. collaborated to enhance production efficiency and affordability, emphasizing the liquid form's biomass-based production for widespread consumption.

Table of Contents
• Introduction
• Research Methodology
• Market Dynamics
• Impact Analysis
• COVID-19 Impact Analysis
• Impact of Ukraine- Russia war
• Impact of Ongoing Recession on Major Economies
• Value Chain Analysis
• Porter's 5 Forces Model
• PEST Analysis
• Global Spirulina Market segmentation, by Type
• Global Spirulina Market segmentation, by Application
• Global Spirulina Market segmentation by Formulation
• Global Spirulina Market, by region/ country
• Regional Analysis
• Company Profile
• Competitive Landscape
• USE Cases and Best Practices
• Conclusion

Buy Complete PDF of Vitamins & Minerals Market Report @ https://www.snsinsider.com/checkout/1418

Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com
Office No. 305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

This release was published on openPR.