Global Spirulina market is expected to register a CAGR of 10% during the forecast period and is estimated to be valued at nearly US $ 2000 Mn by 2026.
Online PR News – 18-December-2019 – Pune, Maharashtra – Spirulina is a microalga that has been consumed for centuries due to its high nutrient content and various health benefits. Today, popular lifestyle influencers are endorsing the Spirulina consumption as a secret, potent "superfood," and a "miracle from nature."
Spirulina is a biomass of cyanobacteria or blue-green algae that gets processed into dietary supplements, biofuel, and food colors. Claimed by NASA (National Aeronautics and Space Administration) and ESA (European Space Agency), Spirulina is the most complete food and can be used as primary food during long term space missions. It has a huge market demand due to a variety of products produced and various applications.
The Global Spirulina market is segmented based on product type, applications, formulation and by region.
Based on the application, there are various segments of the Spirulina market; those are Nutraceuticals, cosmetics, food and beverage, agriculture, feed, and others.
Based on types of organisms it is segmented into Arthrospira plantensis, Arthrospira maxima.
Based on the formulation, the global market for Spirulina is classified as powder, tablet, capsule, liquid, granules and gelling agent.
Prominent players in the Global Spirulina market by activities of which the market is influenced are Cynotech Corporation (Hawaii), E.I.D. parry Limited (India), Dohler Group, Algene Biotech, Some key players such as DDW Inc, GNT Holdings B.V., DIC Corporation, Chr. Hansen Holdings A/S and Sensient Technologies Corporation have launched/produced natural colors using Spirulina.
The global Spirulina market is expected to register a CAGR of 10% during the forecast period and is estimated to be valued at nearly US $ 2000 Mn by 2026, from more than the US $ 700 Mn in 2016 owing to factors such as increased application of Spirulina in cosmetics, food, and Nutraceuticals.
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• What will be the budget for developing the business?
• What are the market forecasts and estimates from the period 2016-2026?
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• How to get a loan or raise funds?
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