A Quick Overview of Spirulina Market
The key object of this report on the Spirulina Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Spirulina Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Spirulina Market Scenario:
The Global Spirulina Market size is valued at around USD 848.12 Million in 2024 & is projected to reach USD 1,298 Million by 2030. The market is also estimated to grow at a CAGR of around 8.89% during the forecast period, i.e., 2025-30. 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.
Spirulina Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:
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.
Spirulina Market Segmentation Analysis:
Spirulina Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
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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Who are the Key Market Players in the Spirulina Market?
In the fast-changing Spirulina Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Spirulina market ruling the industry are:
List of Key Companies Profiled:
- Algenol Biofuels Inc.
- 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.
Global Spirulina Recent Development:
- On 23 February 2023, ScotBio announced working with the University of Edinburgh, Robert Gordon University, and the Industrial Biotechnology Innovation Centre (IBioIC) to determine how waste molecules from spirulina can be extracted & used for their natural antiviral properties.
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