Global Spirulina market 2024-2030
Description
Spirulina is a highly nutritional substance.It is an organism that is found in both fresh and still waters. Spirulina is commonly used by diet conscious people as they are aware about the benefits of this particular substance. Spirulina is a very good substance, if someone wants to lose weight.
Spirulina is used in food, medicine and cosmetic industry extensively. Food industry is the major consumer for spirulina as is a nutritional supplement and is a natural coloring substance. As it is helpful in weight reduction, it is used extensively in salads, breakfast meals, juices and many such products.
The report on global spirulina market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global spirulina Market is growing its area and effective sphere of influence very fast and is gaining popularity. This global spirulina market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx billion dollars in 2018 registering an impressive growth rate of xx% annually.
Spirulina powder demand is increasing because people are very conscious about their health in the present days. Spirulina demand is also increasing because it is being used as a dietary supplement. With the vegan trend in full strength,the demand for spirulina powder has increased manifolds. Apart from this, Governments all over the globe are taking initiatives to enhance the production of this product by supporting the manufacturers.Spirulina is used in bio fuel and bio fertilizers as well, thereby boosting its growth prospects.
The major shortcoming for spirulina powder is that is not easily available. The source for the production of this product is extracted from fresh water and is found in very few regions. Another shortcoming for the product is that it requires proper supervision while manufacturing as it producestoxins that might lead to gastrointestinal and liver damage. Spirulina powder also contains elements such as lead, mercury and arsenic which are very hazardous for health, thus restricting its growth.
North America has major shares in the global spirulina powder market as there are a lot of health problems relating to unhealthy eating habits of people, the major one being obesity.Consumers of the North America has shifted to a more diet conscious approach. Apart from that NASA is researching if it could be used in long space mission.Asia pacific is also a major region for spirulina powder market. The demand for the product is said to rise with the rise in disposable income.Europe also is one of the substantial regions for this product as its space agency is affiliated with NASA and is working on the same project.
Key players in the global market for spirulina powder are NOW Foods, Naturya, Algene Biotech, Earthrise Nutritionals, Bardakci group, Arwind enterprise, Penn Herb, Sari Food, and AK Biotech.
The research procedure starts with the bifurcation of different market segments of global spirulina market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global spirulina industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
Spirulina is used in food, medicine and cosmetic industry extensively. Food industry is the major consumer for spirulina as is a nutritional supplement and is a natural coloring substance. As it is helpful in weight reduction, it is used extensively in salads, breakfast meals, juices and many such products.
The report on global spirulina market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global spirulina Market is growing its area and effective sphere of influence very fast and is gaining popularity. This global spirulina market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx billion dollars in 2018 registering an impressive growth rate of xx% annually.
Spirulina powder demand is increasing because people are very conscious about their health in the present days. Spirulina demand is also increasing because it is being used as a dietary supplement. With the vegan trend in full strength,the demand for spirulina powder has increased manifolds. Apart from this, Governments all over the globe are taking initiatives to enhance the production of this product by supporting the manufacturers.Spirulina is used in bio fuel and bio fertilizers as well, thereby boosting its growth prospects.
The major shortcoming for spirulina powder is that is not easily available. The source for the production of this product is extracted from fresh water and is found in very few regions. Another shortcoming for the product is that it requires proper supervision while manufacturing as it producestoxins that might lead to gastrointestinal and liver damage. Spirulina powder also contains elements such as lead, mercury and arsenic which are very hazardous for health, thus restricting its growth.
North America has major shares in the global spirulina powder market as there are a lot of health problems relating to unhealthy eating habits of people, the major one being obesity.Consumers of the North America has shifted to a more diet conscious approach. Apart from that NASA is researching if it could be used in long space mission.Asia pacific is also a major region for spirulina powder market. The demand for the product is said to rise with the rise in disposable income.Europe also is one of the substantial regions for this product as its space agency is affiliated with NASA and is working on the same project.
Key players in the global market for spirulina powder are NOW Foods, Naturya, Algene Biotech, Earthrise Nutritionals, Bardakci group, Arwind enterprise, Penn Herb, Sari Food, and AK Biotech.
The research procedure starts with the bifurcation of different market segments of global spirulina market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global spirulina industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
- Insights on the global spirulina Industry dynamics
- Current estimation of the global spirulina market size in terms of value and volume
- Global spirulina market breakup based on product type and application.
- Authenticated global spirulina market forecast for the next five years
- Comprehensive analysis of the key companies operating across different nodes of global spirulina industry value chain.
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global spirulina market size (2024–2030)
- By value
- By volume
- Global spirulina market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 4. North America Market Analysis
- North America spirulina market size (2024–2030)
- By value
- By volume
- North America spirulina market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 5. Europe Market Analysis
- Europe spirulina market size (2024–2030)
- By value
- By volume
- Europe spirulina market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific spirulina market size (2024–2030)
- By value
- By volume
- Asia-Pacific spirulina market share (2024–2030)
- oB y product type
- By application
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East spirulina market size (2024–2030)
- By value
- By volume
- Middle East spirulina market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 8. Africa Market Analysis
- Africa spirulina market size (2024–2030)
- By value
- By volume
- Africa spirulina market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America spirulina market size (2024–2030)
- By value
- By volume
- Latin America spirulina market share (2024–2030)
- oBy product type
- By application
- By company
- By geography
- 10. Competitive Intelligence
- NOW Foods
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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