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Spirulina Market Worth $629.6 Million by 2025

The global spirulina market is expected to grow at a CAGR of 9.4% from 2019 to reach $629.6 million by 2025; whereas, in terms of volume, this market is expected to grow at a CAGR of 13.6% from 2019 to reach 68,025.2 tons by 2025.<br><br>

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Spirulina Market Worth $629.6 Million by 2025

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  1. Spirulina Market -2025 Spirulina Market - Global Opportunity Analysis and Industry Forecast Report 2025 by Meticulous research Meticulous Research®–leading global market research company published a research report titled “Spirulina Market by Distribution Channel (Consumer Channel, Business Channel), Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin Extract), and Application (Nutraceuticals, Food & Beverages, Agriculture, Animal Feed)- Global Forecast to 2025”. According to this latest publication from Meticulous Research®, the global spirulina market is expected to grow at a CAGR of 9.4% from 2019 to reach $629.6 million by 2025. In terms of volume, this market is expected to grow at a CAGR of 13.6% from 2019 to reach 68,025.2 tons by 2025. The growth of spirulina market is mainly attributed to growing health & wellness trends and dietary supplements industry, growing demand for natural food colors, increasing vegetarianism, and growing malnutrition. Moreover, factors such as stringent regulations regarding the inclusion of synthetic colors and flavors; increasing preference for spirulina sourced products, especially pigments and omega-3 fatty acids; growing use of spirulina in aquaculture diets; and increase in number of products that include spirulina as ingredients across the globe further support the growth of the global spirulina market. However, low awareness about the benefits of spirulina and challenges associated with the production of spirulina is expected to hinder the growth of the global spirulina market to some extent. Get Free Sample Copy of This Report at: https://www.meticulousresearch.com/download-sample- report/cp_id=5070 The global spirulina market study presents historical market data in terms of value and volume (2017 and 2018), estimated current data (2019), and forecasts for 2025-by distribution channel (consumer channel, business channel), product type (powder, tablets, capsules, flakes, phycocyanin extract), and application (nutraceuticals, food & beverages, agriculture, animal feed). The study also evaluates industry competitors and analyzes the market at a regional and country level. Based on distribution channel, spirulina market is segmented into consumer and business channel. The business channel segment is estimated to command the largest share of the overall spirulina market in 2019. The largest share of this segment is mainly attributed to direct purchase of bulk spirulina in large quantity by various manufacturers such as nutraceutical, food and beverages, and animal feed, among others for further product development. Follow Us On:

  2. Spirulina Market -2025 Based on product type, the spirulina powder segment is estimated to command the largest share of the overall spirulina market in 2019, which is primarily attributed to its huge demand by the nutraceutical manufacturers owing to growing health consciousness among consumers as well as growing use as an ingredient in variety of food and beverages products. However, phycocyanin extract is expected to grow at the highest CAGR during the forecast period, due to its tremendous demand from food industry, where it is used as a natural food colorant. Considering the high potential, world leaders in this field are investing several million dollars in production lines of phycocyanin. Based on application, spirulina market is segmented into nutraceuticals, food & beverages, agriculture, animal feed, and cosmetics. Nutraceuticals application is estimated to command the largest share of the overall spirulina market in 2019. The largest share of this segment is attributed to the booming nutraceutical sector, growing health concerns of aging population in various countries, growing desire for natural alternatives to traditional pharmaceutical products, and increased awareness among consumers on the link between nutrition and health. Browse in-depth Report with TOC at: https://www.meticulousresearch.com/product/spirulina-market- 5070/ This research report also analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Europe (France, Germany, U.K., Italy, Spain, the Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Thailand, and RoAPAC), Latin America, and Middle East & Africa. North America is estimated to command the largest share of the overall spirulina market in 2019, followed by Asia-Pacific and Europe. The large share of this region is mainly attributed to huge consumption of health supplements; strict regulations against the use of synthetic colors; growth of subsidiary industries like cosmetics and bio fertilizers; increasing preference for natural protein sources; and presence of key spirulina manufacturers with huge production capacities, especially in the U.S. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period, majorly driven by China. The growth in this market is expected to be driven by the presence of many local and regional players in this region, growing dietary supplement industry, growing need to eradicate malnutrition, and favorable climatic conditions and low production cost Key Players: The major players operating in the global spirulina market are Earthrise Nutritional, LLC (U.S.), DIC Corporation (Japan), Yunnan Green A Bio-engineering Co., Ltd (China), Algene Biotech (India), Tianjin Norland Biotech Co., Ltd. (China), Pondicherry Spirulina Farms (India), Cyanotech Corporation (U.S.), E.I.D. Parry (I) Ltd. (India), Far East Bio-Tec. Co. Ltd. (China), Fuqing King Dnarmsa Spirulina Co., Follow Us On:

  3. Spirulina Market -2025 Ltd. (China), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), and Australian Spirulina (Australia) among others. Request Sample Copy Of Report :: https://www.meticulousresearch.com/request-sample- report/cp_id=5070 Key questions answered in the report: •Which are the high growth market segments in terms of distribution channel, product type, application, and region/countries? •What was the historical market for spirulina across the globe? •What are the market forecasts and estimates for the period 2019-2025? •What are the major drivers, restraints, and opportunities in the global spirulina market? •Who are the major players in the global spirulina market? •What are the recent developments in the global spirulina market? •What are the different strategies adopted by the major players in the global spirulina market? •What are the geographical trends and high growth regions/ countries? Table of Contents: 1. Executive Summary 1.1. Introduction 1.2. Market Size and Growth Rate 1.3. Market Drivers 1.4. Market Opportunities 1.5. Distribution Channel 1.6. Product Analysis 1.7. Application 1.8. Success Factors 2. Market Overview 2.1. Key Findings 2.2. Introduction 2.3. Evolution 2.4. Market Segmentation 2.4.1. Spirulina Market, by Distribution Channel 2.4.2. Spirulina Market, by Product Type 2.4.3. Spirulina Market, by Application Continued… Follow Us On:

  4. Spirulina Market -2025 About Us: The name of our company defines our services, strengths, and values. Since the inception, we have endeavoured to research, analyze and present the critical market data with great attention to details. Meticulous Research® was 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, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Khushal Meticulous Research® Contact Sales- +1-646-781-8004 Email: sales@meticulousresearch.com Website: https://www.meticulousresearch.com Browse Our Blog: https://globalmarketstudy.blogspot.com/ Find us on: | LinkedIn | Twitter | Follow Us On:

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