This report provides exclusive insights into the COVID-19 impact on the Spirulina Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Spirulina Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Spirulina Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on spirulina market provides an in-depth analysis of
segments and sub-segments in the global as well as regional spirulina market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional spirulina market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global spirulina market. According to the report,
the global spirulina market is projected to grow at a healthy CAGR over the
forecast period of 2019-2025.
Spirulina is a good source of
healthy polyunsaturated fats and the antioxidants C-phycocyanin and beta
carotene. Besides this, the skin and hair care market demands spirulina powder
as an addition in various treatments, including wrinkles, allergies, grey hair,
hair loss, and anti-aging. Therefore, it is estimated that the spirulina market
is expected to grow at a success rate over the forecast period. In addition,
the emergence of new application areas has fueled the growth of the global
A recent report published by
Infinium Global Research on the spirulina market is driven by growing
malnutrition, growing demand for natural food colors, increasing vegetarianism.
Moreover, strict regulations regarding the inclusion of artificial colors and
flavors also help in driving the growth of spirulina market across the globe.
Furthermore, the rise in the demand for cyanobacteria due to their contribution
to weight reduction also boosts market growth globally. The growing use of
spirulina in cosmetics is also driving the growth of the market. Though, lesser
stability and poor sustainability of natural colors resulting from spirulina as
compared to synthetic colors may hamper the growth of the spirulina market.
However, growing awareness regarding the health benefits of spirulina superfood
among consumers and a wide variety of natural colors produced by spirulina
creates an opportunity for the growth of spirulina market during the forecast
The report on the spirulina
market is segmented regionally into North America, Europe, Asia-Pacific and
Rest of the World. North America was the leading revenue contributor to the
global spirulina market and is expected to remain dominant throughout the
forecast period due to its increasing demand for naturally derived food
coloring agents. On the other hand, Asia-Pacific is expected to grow at the
highest CAGR during the forecast period, as it offers beneficial opportunities
for the market players to the robust growth of the food processing industry in
The report on global spirulina
market covers segments such as type, application, and drug formulation. On the
basis of type, the sub-markets include arthrospira platensis, and arthrospira
maxima. On the basis of application, the sub-markets include food and
beverages, animal feed, nutraceuticals, cosmetics, and other application. On
the basis of drug formulation, the sub-markets include tablet and capsule,
powder, liquid, and granule & gelling agent.
The report provides profiles of
the companies in the market such as Chr. Hansen Holding A/S, Fuqing King
Dnarmsa Spirulina Co. Ltd, Cyanotech Corporation, Sensient Technologies
Corporation, DIC Corporation, Algenol Biofuels Inc., Naturex S.A, Sunrise
Nutrachem Group Co. Ltd., DDW The Color House, Parry Neutraceuticals, and Other
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of spirulina market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.