Global Spirulina Market Research Report- Forecast to 2023

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.

Reference: 180207
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General

Publisher:
Market Research Future
Geography Covered
Global
Publication Date
2017/9/17
Pages
168
Language
  • English
Format
License

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.
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.
The reports also cover country-level analysis:
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o Spain
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN Countries
o Rest of Asia-Pacific
• Rest of the World
o Latin America
o Middle East
o Others

Table of Contents:

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
8 Global Spirulina Market, By Form
8.1 Introduction
8.2 Global Spirulina Market, By Form
8.2.1 Powder
8.2.2 Capsule & tablet
8.2.3 Liquid
8.2.4 Gelling agent
9 Global Spirulina Market, By Application
9.1 Introduction
9.2 Global Spirulina Market Segmentation, By Application
9.2.1 Nutraceuticals
9.2.2 Food & Beverages
9.2.3 Pharmaceuticals
9.2.4 Cosmetic & Personal care
9.2.5 Others
10 Global Spirulina Market, By Region
10.1 Introduction
10.2 Global Spirulina Market, By Region
11 North America Spirulina Market Analysis
11.1 North America Spirulina Market, By Country
11.2 North America Spirulina Market, By Form
11.3 North America Spirulina Market, By Application
11.4 U.S.
11.5 Canada
12 Europe Spirulina Market Analysis
12.1 Europe Spirulina Market, By Country
12.2 Europe Spirulina Market, By Form
12.3 Europe Spirulina Market, By Application
12.4 Germany
12.5 France
12.6 Spain
12.7 Rest of Europe
13 Asia Pacific Spirulina Market Analysis
13.1 Asia Pacific Spirulina Market, By Country
13.2 Asia Pacific Spirulina Market, By Form
13.3 Asia Pacific Spirulina Market, By Application
13.4 CHINA
13.5 India
13.6 Japan
13.7 Australia & New Zealand
13.8 ASEAN Countries
13.9 Rest of Asia Pacific
14 Rest of the World Spirulina Market Analysis
14.1 Rest of the World Spirulina Market, By Country
14.2 Rest of the World Spirulina Market, By Form
14.3 Rest of the World Spirulina Market, By Application
14.4 Latin America
14.5 Middle East
14.6 Others
15 Global Spirulina Market, By Form (Volume)
15.1 Global Spirulina Market, By Form
16 Global Spirulina Market, By Application (Volume)
16.1 Global Spirulina Market Segmentation, By Application
17 Global Spirulina Market, By Region (Volume)
17.1 Global Spirulina Market, By Region
18 North America Spirulina Market Analysis – BY Volume
18.1 North America Spirulina Market, By Country
18.2 North America Spirulina Market, By Form
18.3 North America Spirulina Market, By Application
18.4 U.S.
18.5 Canada
19 Europe Spirulina Market Analysis – BY Volume
19.1 EUROPE Spirulina Market, By Country
19.2 EUROPE Spirulina Market, By Form
19.3 EUROPE Spirulina Market, By Application
19.4 GERMANY
19.5 France
19.6 Spain
19.7 Rest of Europe
20 Asia Pacific Spirulina Market Analysis- By Volume
20.1 Asia Pacific Spirulina Market, By Country
20.2 Asia Pacific Spirulina Market, By Form
20.3 Asia Pacific Spirulina Market, By Application
20.4 CHINA
20.5 India
20.6 Japan
20.7 Australia & New Zealand
20.8 ASEAN Countries
20.9 Rest of Asia Pacific
21 ROW Spirulina Market Analysis – BY Volume
21.1 ROW Spirulina Market, By Country
21.2 ROW Spirulina Market, By Form
21.3 ROW Spirulina Market, By Application
21.4 Latin America
21.5 Middle East
22 Competitive Landscape
23 Major Market Player Analysis of Spirulina
23.1 Cyanotech Corporation
23.1.1 Company Profile
23.1.2 Company Snapshot
23.1.3 Product and Specifications
23.1.4 Key development
23.1.5 Business strategy
23.1.6 SWOT Analysis
23.2 DIC Corporation
23.2.1 Company Profile
23.2.2 Company Snapshot
23.2.3 Product and Specifications
23.2.4 Key Developments
23.2.5 Business strategy
23.2.6 SWOT Analysis
23.3 E.I.D Parry (India) Ltd.
23.3.1 Company Profile
23.3.2 Company Snapshot
23.3.3 Product and Specifications
23.3.4 Key Developments
23.3.5 Business strategy
23.3.6 SWOT Analysis
23.4 Tianjin Norland Biotech Co.,Ltd
23.4.1 Company Profile
23.4.2 Company Snapshot
23.4.3 Product and Specifications
23.4.4 Key Developments
23.4.5 Business strategy
23.4.6 SWOT Analysis
23.5 Hydrolina Biotech Private Limited
23.5.1 Company Profile
23.5.2 Company Snapshot
23.5.3 Product and Specifications
23.5.4 Key Developments
23.5.5 Business Strategy
23.6 Jiangxi Alga Biotech
23.6.1 Company Profile
23.6.2 Company Snapshot
23.6.3 Product & Specification
23.6.4 Key Developments
23.6.5 Business strategy
23.7 Synergy Natural Products Pty Ltd.
23.7.1 Company Profile
23.7.2 Company Snapshot
23.7.3 Product and Specifications
23.7.4 Key Developments
23.7.5 Business Strategy

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