Report Overview:
The following report titled “Global Spirulina Market: By Type (Arthrospira Platensis, Arthrospira Maxima), By Formation (Powder, Tablet, Liquid) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Spirulina Market Summary
The Global Spirulina Market is projected to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30. The growth of the market is driven primarily by the mounting awareness about the benefits of Spirulina with antioxidants & cleansing properties and its high effectiveness on skin health owing to trace elements like selenium & zinc. Spirulina helps enhance skin firmness & elasticity, owing to its phycocyanin content that helps detoxify & hydrate skin. As a result, its burgeoning demand across the cosmetic & personal care sector is also augmenting the overall market growth.
Report Coverage & Details
- Forecast Period: 2024-2030
- Base Year: 2023
- CAGR: 9.5%
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Spirulina Market Driver:
Rising Application of Spirulina in the Food & Beverage Sector – As Spirulina exhibits high nutritional value and addresses & curbs health conditions like malnutrition among people, its demand is escalating swiftly across various countries worldwide, i.e., instigating manufacturers to expand their production & distribution capacities to cater to varied consumer requirements. As a result, several companies are now actively participating in introducing different food & beverages utilizing these supplements, which, in turn, is driving the Global Spirulina Market.
Segmentation Analysis: Spirulina Market
By Type
- Arthrospira Platensis
- Arthrospira Maxima
By Formation
- Powder
- Tablet
- Liquid
By Application
- Food & Beverage
- Bakery
- Confectionery
- Other Processed Foods
- Dietary Supplements
- Cosmetics & Personal Care
- Agriculture
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Region: Asia-Pacific Holds a Major Market Share
Of all regions globally, Asia-Pacific is anticipated to demonstrate the fastest market growth during 2024-30.
Leading Players Analysis: Spirulina Market
The report provides detailed analysis of key players in the global Spirulina market, highlighting their strategies and competitive scenario.
- Algenol Biofuels Inc.
- Chr. Hansen Holding A/S.
- Cyanotech Corporation
- Dongtai City Spirulina Bio-engineering Co.
- Fuqing King Dnarmsa Spirulina Co., Ltd.
- Fraken Biochem Co., Ltd.
- Naturex S.A.
- Now Foods
- Parry Nutraceuticals Ltd.
- Prolgae Spirulina Supplies Pvt. Ltd.
- Sensient Technologies Corporation
- Others
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