(MENAFN- Alliance News) Report Ocean published a recovery-based report for ' Global Spirulina PowderMarket ' that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2032) and develops reliable and approximative timeline estimations up to 2032.
Global Spirulina Powder Market is valued approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2032. Spirulina is an organism that grows in both fresh and salt water. Spirulina contains plant-based protein called phycocyanin. It has antioxidant, pain-relief, anti-inflammatory properties. It is widely used as additives in agriculture, food industry, medicines, and cosmetics products. Growing demand for plant-based food products and rising food and beverages sector are key drivers for the growth of Spirulina Powder market.
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For instance, according to Good Food Institute (GFI) USA - In 2020 Sales of plant-based food products in USA estimated at USD 7 billion, indicating growth of over 27% from sales of USD 5.5 billion in the year , around 57% of all US household preferred plant-based food products in 2020. Also, in August 2021, Prolgae Spirulina Supplies Pvt. Ltd., An India based manufacturer of sun-dried organic spirulina has launched sweet Spirulina powder and Spirulina protein bar products in India. Also, with favorable Government Initiatives for production of spirulina powder and shifting consumer trend towards vegan diet, the adoption & demand for Spirulina Powder is likely to increase the market growth during the forecast period. However, limited availability due to rare fresh water sources impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Spirulina Powder Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing demand for plant-based food products and shifting consumption pattern in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as availability of spirulina and favorable government initiatives in the region would create lucrative growth prospects for the Spirulina Powder market across Asia-Pacific region.
Major market player included in this report are:
Sensient Technologies Corp.,
Parry Nutraceuticals Limited,
Now Health Group Inc.,
Naturex S.A.,
Naturalin Bio-Resources Co., Ltd.,
GNT Holding B.V.,
GNC Holdings, Inc.,
Fuqing King Dnarmsa Spirulina Co. Ltd.
, Fraken Biochem Co. Ltd.,
Far East Bio-Tec Co., Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Nature:
Organic
Conventional
By Sales Channel:
Direct Sales
Retail Sales
By End Use Industries:
Food & Beverage
Dietary Supplements & Pharmaceuticals
Animal & Aquaculture Feed
Cosmetics & Personal Care
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
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