Global spirulina market has shown strong growth pattern in recent year’s majorly due growing demand for natural food colours, increasing vegetarianism, stringent regulations regarding the inclusion of synthetic colours and flavours, and growing malnutrition across the globe. In addition, emergence of new application areas further provides significant opportunities for the various stakeholders in the global spirulina market. —
Meticulous Research® in its latest publication on spirulina market states that the global Spiruliina Market will increase at a CAGR of 7.1% from 2017 to 2022 to reach USD 238.3 million by 2022. Wherein, geographically, North America holds the major share in this market followed by Europe. The growth in North American spirulina market is primarily attributed to the growing awareness among consumers for natural food products, rising regulations against synthetic colours, growth of subsidiary industries like cosmetics and bio fertilizers, and increasing preference for plant protein sources. However, Asia Pacific region is slated to grow at a faster rate, primarily due to increasing investments by the major players in this region.
The report provides meticulous analysis of global spirulina market by segmenting it on the basis of form (powder, tablets, capsules, and flakes), application (food and beverages, nutraceuticals, pharmaceuticals, veterinary, and cosmetics). Wherein, spirulina powder commanded the largest share in the global spirulina market in 2016, primarily attributed to the increasing adoption of spirulina powder by the food and beverage manufacturers for preparing healthy food products to attract health conscious consumers.
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The key players analyzed in the global spirulina market are DIC Corporation, Algene Biotech, Algaetech international sdn.bhd, Sunrise Nutrachem Group, Tianjin Norland Biotech Co., Ltd., Naturya, Guangzhou Endless Biotech Co., Ltd, Synergy Naturals, Cyanotech Corporation, E.I.D. Parry (I) Ltd., Far East Biotech Co. Ltd., (FEBICO), Sanatur GmbH, Fuqing King Dnarmsa Spirulina Co., Ltd., Now Foods, Zelang Biotech, WudiFengtai Aquaculture Co, Ltd., The All Natural Company, and Australian Spirulina.
Browse in-depth Report on https://www.meticulousresearch.com/product/global-spirulina-market-outlook-2017-2022/
Key Topics Covered in This Report:
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Global Spirulina Market, by Form
6. Geographic Analysis
7. Company Profiles
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About Meticulous Research®
Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Organization: Meticulous Market Research Pvt. Ltd.
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Release ID: 450407