Press release
Spirulina Market To Reach USD 1.19 BillionโDollars By 2030
The ๐๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ was worth roughly USD 588.93 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.6% from 2023 to 2030, hitting approximately. USD 1.19 billion by 2030. It lures growth from as consumers recognize the importance of health and wellness in their lives and the direct influence of healthy dietsโcombined with the increasing demand for natural and sustainable food sources.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/request-sample/29894/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐โ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
With growing health and wellness awareness,โconsumers are seeking high nutrient supplements, creating demand for protein, vitamins and antioxidant-rich spirulina blue-green algae. It has its use in functional foods, and beverages, as consumers areโincreasingly seeking for more natural and organic products.
In addition, there is a growing trend for the application of natural colorants inโthe food and beverage sector and phycocyanin, a spirulina-based pigment, has gained attention as a natural blue colourant recently. Thisโtrend-which corresponds to the clean-label movement where consumers prefer things without artificial additives-
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
Segmentationโof the Spirulina Market Segment by product type Segment by application Segment by region
๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐:
Powder: The most common formโbecause it is versatile and can be added easily into a number of products, including supplements, smoothies, and baked goods.
Liquid: Used in drinks and naturalโcolorants in food.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/inquiry-before-buying/29894/
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Food & Beverages: Rising application as a natural ingredient and colorant areโboosting the market in health drinks, confectioneries, and snacks.
Cosmetics: Addedโdue to antioxidant characteristics that can help skin health.
Animal Feed: High proteinโfeed additive primarily used in aquaculture as well as in poultry.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/request-sample/29894/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Spirulina is driven by North Americaโdue to the high presence of consumers and presence of key players of the spirulina market. Spirulina supplements and functional foods have seenโan increase in demand from the region given this background about health and wellness-related products.
The growth in Asia-Pacific is the fastest,โdriven by rising health awareness and disposable income. Inspired by favourableโweather for algae farming, an upsurge in production and consumption of spirulina is taking hold in China and India.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
The majority of the spirulina market is made up of dominant participants with productโinnovation and expansion strategies in mind. Notable companies include:
๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง - one of the major world producers ofโspirulina with broad spectrum portfolio
๐๐ฒ๐๐ง๐จ๐ญ๐๐๐ก ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง:โCultivates and produces high-quality spirulina and spirulina-based products
Parry Nutraceuticals is one ofโthe good producers of organic spirulina. With an increased demand for natural supplements, earth provides a lot of naturally sourced products.
๐๐๐ญ ๐ญ๐จ ๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ:https://www.maximizemarketresearch.com/market-report/global-spirulina-market/29894/
๐๐ฅ๐ ๐๐ง๐จ๐ฅ ๐๐ข๐จ๐๐ฎ๐๐ฅ๐ฌ ๐๐ง๐.: Developsโsustainable cultivation methods for spirulina, playing an important role in environmental protection.
๐.๐.๐. ๐๐๐ซ๐ซ๐ฒ (๐๐ง๐๐ข๐) ๐๐ข๐ฆ๐ข๐ญ๐๐: A leadingโIndian manufacturer of spirulina products and spirulina-based health supplements.
These firms are focusing on R&D processes to improve the quality of the product and its new application which is supported by theseโdevelopments increasing their presence in the market significantly.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
Due to the increasing awareness regarding health as well as the rising demand for natural as well asโnutrient-rich globally, the spirulina market is expected to see strong growth. Spirulina offers wide-ranging applicationsโacross multiple industries, which provides plenty of opportunities for market growth, especially as consumers increasingly focus on wellness and sustainability.
๐ ๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฏ๐ข๐ฌ๐ข๐ญ:
โฆ Global Sodium Dichromate Market https://www.maximizemarketresearch.com/market-report/global-sodium-dichromate-market/70001/
โฆ Temperature Controlled Packaging Solutions Market https://www.maximizemarketresearch.com/market-report/global-temperature-controlled-packaging-solutions-market/31943/
โฆ Firearm Lubricant Market https://www.maximizemarketresearch.com/market-report/firearm-lubricant-market/127419/
โฆ Complex Fertilizers Market https://www.maximizemarketresearch.com/market-report/global-complex-fertilizers-market/66912/
โฆ Global Sodium Phosphate Market https://www.maximizemarketresearch.com/market-report/global-sodium-phosphate-market/24782/
โฆ Global Tetrafluoroethane (R134A) Refrigerant Market https://www.maximizemarketresearch.com/market-report/global-tetrafluoroethane-r134a-refrigerant-market/80337/
โฆ Global Silage Films Market https://www.maximizemarketresearch.com/market-report/global-silage-films-market/102721/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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