Spirulina Powder Market 2028 by Types, Application, Technology, Opportunities, End Users and Regions | The Insight Partners

MARKET INTRODUCTION

Spirulina is blue-green microalgae rich in nutrients widely used in the food and beverages industry as a dietary supplement. It is a natural appetite suppressant which helps improve endurance and reduce fatigue. It possesses hypolipidemic and anti-inflammatory properties. Spirulina powder is preferred owing to its high nutritional values. Spirulina is rich in antioxidants and helps in safely reducing inflammation by maintaining the pH of the body. Besides, spirulina powder is also used in the manufacturing of natural colors.

MARKET DYNAMICS

The spirulina powder market is anticipated to grow in the forecast period owing to driving factors such as rising consumer awareness regarding the health benefits of spirulina coupled with the increasing influence of organized retailing. Moreover, the growing popularity of the vegan diet and adoption of herbal ingredients in cosmetic products further boost the spirulina powder market growth. However, lack of availability of spirulina severely restricts the growth of spirulina powder market. Nonetheless, increasing adoption of healthy food in developed countries is likely to showcase growth opportunity for the key players involved in the spirulina powder market during the forecast period.

MARKET SCOPE

The "Global Spirulina Powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of spirulina powder market with detailed market segmentation by nature, application, sales channel and geography. The global spirulina powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spirulina powder market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global spirulina powder market is segmented on the basis of nature, application and sales channel. Based on nature, the market is segmented as organic and conventional. On the basis of the application the market is segmented as food and beverage, dietary supplements, pharmaceuticals, animal and aquaculture feed, cosmetics and personal care and others. The market on the basis of the sales channel, is classified as direct sales and retail sales. The market by the retail sales is further sub-segmented as modern trade, specialty stores, pharmacy and drug stores, online retail and others.

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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 powder market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The spirulina powder 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 spirulina powder market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the spirulina powder market in these regions.

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MARKET PLAYERS

The reports cover key developments in the spirulina powder 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 partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from spirulina powder market are anticipated to lucrative growth opportunities in the future with the rising demand for spirulina powder in the global market. Below mentioned is the list of few companies engaged in the spirulina powder market.

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

• Chr. Hansen Holding A/S
• Cyanotech Corporation
• DDW The Colour House
• DIC Corporation
• Fuqing King Dnarmsa Spirulina Co., Ltd.
• General Nutrition Corporation
• Naturalin Bio-Resources Co., Ltd
• Naturex S.A.
• NOW Health Group, Inc.
• Sensient Colors LLC

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

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