Spirulina Beverages Market Size and Competitive Analysis till 2031

MARKET INTRODUCTION

Spirulina is a beverage loaded with antioxidants, vitamins A and E, iron, calcium, and potassium. Besides, plant-based protein is more easily digestible than other protein sources, such as red meat, eggs, and soy. Moreover, consumers are increasingly adopting more eco-friendly food products, such as spirulina beverages, which can quickly fulfill the daily requirement of protein and other essential nutrients.

MARKET DYNAMICS

The growing veganism trend among the consumers for a healthy lifestyle is the critical factor for the spirulina beverages market expansion. Moreover, spirulina beverages are the largest source of protein among any plant-based drinks. The nutritional properties of spirulina are anticipated to propel the industry participants to launch new products during the forecast period.
Since the inception of COVID-19, the food stock from retail channels has been witnessing a shortage of food items in the supermarkets/hypermarkets due to a disrupted supply chain. As a result, most countries locked their international and local state borders to contain this deadly virus. This situation in the market is likely to propel the demand for the immunity-boosting food items, including spirulina beverages, soon.

MARKET SCOPE

The "Global Spirulina Beverages Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the spirulina beverages market with detailed market segmentation by nature and distribution channel. The global spirulina beverages market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spirulina beverages market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global spirulina beverages market is segmented into nature and distribution channel. By type, the spirulina beverages market is classified into organic and conventional. By distribution channel, the spirulina beverages market is classified into hypermarket & supermarket, online retail, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global spirulina beverages market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The spirulina beverages market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the spirulina beverages market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the spirulina beverages market in these regions.

MARKET PLAYERS

The reports cover vital developments in the spirulina beverages market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the spirulina beverages market are anticipated to lucrative growth opportunities in the future with the rising demand for spirulina beverages in the global market. Below mentioned is the list of few companies engaged in the spirulina beverages market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the spirulina beverages market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•  Algama Foods
  
•  Prolgae Spirulina Supplies Pvt. Ltd.
  
•  Lisi (Xian) Bio-Tech Inc.
  
•  Chr. Hansen Holding A/S
  
•  NOW Health Group, Inc.
  
•  DIC Corporation
  
•  Fuqing King Dnarmsa Spirulina Co., Ltd.
  
•  General Nutrition Corporation
  
•  Naturalin Bio-Resources Co., Ltd
  
•  Naturex S.A.
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Spirulina Beverages Report Scope