openPR Logo
Press release

Spirulina Market Estimated to Flourish by 2026

12-12-2017 10:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research

According to Persistence Market Research,

Over 128,000 tons of spirulina was globally consumed in 2016, revenues from which touched US$ 718.7 Mn

Increasing applications of spirulina as a core ingredient in production of food & beverages, animal feed and nutraceuticals will continue instrumenting the growth of global spirulina market

By the end of 2026, the global spirulina market will have soared at 10% CAGR to reach US$ 1,855.8 Mn value

Through 2026, the global spirulina consumption will account for sales of more than 321,000 tons, exhibiting an impressive CAGR of 9.6%

Request for Report Sample @ https://www.persistencemarketresearch.com/samples/14431

Growing awareness about nutritional benefits of spirulina serves as a key driver for the market’s growth. Scientifically proven, spirulina contains the highest amount of proteins found in any naturally-cultivated food ingredient in the world. In the years to come, spirulina will continue to be in great demand across several regions in the world. Persistence Market Research’s report, titled “Spirulina Market: Global Industry Analysis and Forecast, 2016-2026,” projects that North America will be the world’s largest market for spirulina. Through 2026, North America’s spirulina market will be valued over US$ 570 Mn, exhibiting highest value CAGR of 11.5%. While Western Europe and the Asia-Pacific excluding Japan region will also witness lucrative growth in their spirulina markets, the Middle East and Africa region is projected to showcase a positive +84 BPS gain.

US-based companies such as Cyanotech Corp., DDW Inc., Sensient Technologies Corp., GNC Holdings, Inc., Now Health Group Inc. are recognized as some of the leading manufacturers of spirulina in the world. Other key players profiled in the report include, GNT Holdings B.V., Fuqing King Dnarmsa Spirulina Co., Ltd., Dongtai City Spirulina Bio-Engineering Co. Ltd., DIC Corporation, and Chr. Hansen A/S.

Request for Report TOC @ https://www.persistencemarketresearch.com/toc/14431

The report reveals that regulatory bodies from around the globe are approving the use of spirulina in production of new food items & beverages. Leading foodmaker The Mars Inc.’s petition for approval of spirulina as a key ingredient in production of new products was conceded by the FDA, garnering attention of other prominent manufacturers of food & beverage products. Furthermore, commercial-scale production of spirulina has also become more feasible due to advent to technological advancements. Cost-effectiveness of such production procedures are guaranteeing higher profit margins for spirulina manufacturers, effectuating a significant rise in entry of new players in the market.

Obtain Report Details @ https://www.persistencemarketresearch.com/market-research/spirulina-market.asp

In 2016, sales of nearly 90 thousand tons of spirulina powder was recorded across the globe. Highlighting this, the report reveals that revenues from global sales of powdered spirulina will soar at the highest CAGR of 10.4%. Demand for spirulina in the form of tablets & capsules will also gain traction at a comparatively steady pace. Based on the applications, more than 250,000 tons of spirulina will be consumed globally for production of nutraceuticals by the end of 2026. Throughout the forecast period, the demand for spirulina will remain high in production of nutraceuticals, followed by food & beverages.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact Us

Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1-646-568-7751
Tollfree: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Spirulina Market Estimated to Flourish by 2026 here

News-ID: 855961 • Views: 140

More Releases from Persistence Market Research

Propylene Glycol Ether Market | Share, Growth, Analysis, Testing and Forecast 20 …
Used in printing inks, coatings, cleaning applications, and for flow regulation and coalescence propylene glycol ether is estimated to be getting significant traction in several end-use industries owing to its superior qualities. Propylene Glycol Ethers (PGE) are organic compounds produced from the reaction of propylene oxide and alcohols and are being used by resin manufacturers, coating formulators and coating applicators for the manufacturing of protective coatings for application in automotive,
Propylene Glycol Methyl Ether Acetate Market to Remain Lucrative During 2018-202 …
A P-type glycol ether derivative, Propylene Glycol Methyl Ether Acetate (PGMEA) is used widely used as a solvent and surface adherent in semiconductor and electronics industry—in the form of inks, coatings and cleaners. As per a recent market outlook by Persistence Market Research, the global Propylene Glycol Methyl Ether Acetate market is estimated register a slow-moving CAGR of 3.8% between 2018 and 2026, touching a market valuation of US$ 511.2
Plastic Waste Management Market | Share, Growth, Analysis, Industry and Forecast …
The plastic waste management market is driven by benevolence of people regarding the hazards of plastic. Also, people have realized the importance of managing plastic waste already generated. Therefore, the people are looking towards usage of recycled plastic in place of one-time use plastic. PMR states that the global plastic waste management market will witness a CAGR of more than 3.5% between 2020 and 2030. Get Sample Copy Of This Report@
Thermal Insulation Material Market to Record Sturdy Growth by 2020
With the rapid development of the construction industry all over the world, there is a steady demand for thermal insulation materials globally and this is a major factor boosting the growth of the global thermal insulation material market. In addition, various initiatives of the government all across the world in the field of energy conservation in buildings also aid the development of thermal insulation material market. These are some of

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020