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 spirulina market.
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 period.
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 region.
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 companies.
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.
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