Description:-
Spirulina is a blue-green microalga used as a superfood. Spirulina holds an important application as a food supplement based on its rich protein, vitamins, minerals, and antioxidant content. Spirulina is available in various forms which include powder, liquid, and capsules. Owning to the nutritional values obtained from spirulina, the sale of the product is experiencing a surge at a global level.
The spirulina market is segmented on the basis of form which includes powder, capsule and tablet, liquid, and gelling agent. Among these, the powder segment is projected to account for a major market share and is projected to grow at a CAGR of 8.23% during the forecast period. Further, on the basis of application, the global spirulina market is segmented into nutraceuticals, foods & beverages, pharmaceuticals, cosmetic and personal care, and others. Among the applications, nutraceutical is estimated to witness the highest growth of more than 8% during the forecast period.
Get a Sample Report@ https://www.wiseguyreports.com/sample-request/3112768-global-spirulina-market-research-report-forecast-to-2023
For more information or any query mail at sales@wiseguyreports.com
Based on regions, the global spirulina market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is projected to dominate the market holding a maximum share in the global spirulina market. Robust economic growth is identified to be one of the key drivers for this market in the region. Further, North America is estimated to reach USD 129.20 million by 2023. Europe is projected to have a moderate growth rate during the assessment period.
Key Players
The leading market players in the global spirulina market primarily are Cyanotech Corporation (Hawaii), DIC Corporation (Japan), E.I.D. Parry (India) Limited (India), Tianjin Norland Biotech Co. Ltd (China), Hydrolina Biotech Private Limited (India), Jiangxi Alga Biotech (China), and Synergy Natural Products Pty Ltd. (Australia)
Target Audience
• Spirulina manufacturers
• Raw material suppliers
• End-users
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters
Key Findings
o Asia Pacific is estimated to retain its dominance throughout the forecast period and to grow at a strong CAGR of 8.45%. Among Asia Pacific, China is projected to witness a substantial growth of 9.30% during the forecast period of 2017 to 2023.
o Spirulina manufacturers find massive opportunities in the U.S. owing to the huge demand for natural color in foods & beverages.
Regional & Country Analysis of the Spirulina Market, Development & Demand Forecast to 2023
As per the MRFR analysis, the global spirulina market is expected to reach USD 416.11 million by 2023 at a CAGR of 8.02% during the forecast period.
Continued……
Enquiry About Report @ https://www.wiseguyreports.com/enquiry/3112768-global-spirulina-market-research-report-forecast-to-2023
Table Of Contents – Major Key Points
1 Report Prologue
2 Introduction
2.1 Definition
2.1.1 Spirulina
2.2 Scope of the Study
2.2.1 Research Methodology
2.3 Assumptions
2.4 Limitations
2.5 Market Structure
2.5.1 Global Spirulina Market, By Form
2.5.2 Global Spirulina Market, By Application
2.5.3 Global Spirulina Market, By Region
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Premium Insights
4.1 Global Spirulina Market: Market Mapping & Research Methodology
4.2 Market Overview: Global Spirulina Market
4.3 Industry Trends and Market Environment: Global Spirulina Market
4.4 Product Innovation: Global Spirulina Market
5 Market Dynamics
5.1 Introduction
5.2 Drivers:
5.2.1 High in nutrients density
5.2.2 Rising Preference for Natural Food Colors
5.2.3 Helps in Curbing Malnutrition
5.3 Restraints:
5.3.1 Possibility of Toxic Contamination
5.3.2 Not Optimal For Use as Colorant in Ready to Drink Beverages
5.4 Opportunities:
5.4.1 Broad Areas of Applications
5.5 Challenges:
5.5.1 Lack of Awareness about Spirulina:
5.5.2 Challenges Associated With The Production Of Spirulina:
6 Mega Trends
6.1 Macroeconomic indicators analysis
6.2 Price Trends
7 Market Factor Analysis
7.1 Introduction
7.2 Value Chain Analysis
7.3 Supply Chain Analysis
7.4 Porter’s Five Forces
7.4.1 Porter’s 5 Forces Analysis: Spirulina Market
7.4.2 Threat of New Entrants
7.4.3 Threat of Substitutes
7.4.4 Bargaining Power of Buyers
7.4.5 Bargaining Power of Suppliers
7.4.6 Intensity of Rivalry
7.5 Organizations Promoting Spirulina Production and Consumption
7.5.1 IIMSAM
7.5.2 Galaxy – Kakamega
Continued……
Buy 1-user PDF @https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=3112768
For more information or any query mail at sales@wiseguyreports.com
CONTACT US:
ABOUT US:
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories.
Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: www.wiseguyreports.com