About Spirulina
Spirulina is a kind of blue-green algae. Also Known as cyanobacteria, a implausible super food that provides proteins, vitamins, minerals, antioxidants, essential fatty acids and other nutrient to human and animals. There are two catagary of spirulina such as Arthrospira Plantensis and Anthrospira Maxima. It is available in the form of Powder,Tablet & Capsule and Liquid Granule & Gelling Agent. Health care Industry including anticancer properties, reduce blood pressure, improve mussel strength will help to upsurge global spirulina market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
Spirulina is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Spirulina market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DDW Inc. (United States), Sensient Technologies Corp. (United States), Cyanotech Corporation (United States), FMC Corporation(United States), BASF (Germany), Tianjin Norland Biotech Co. Ltd (China), Jiangxi Alga Biotech (China), Sunrise Nutrachem group co. ltd (China), E.I.D. Parry Limited (India) and Hydrolina Biotech Private Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are DIC Corporation (Japan), Naturya (United Kingdom), Synergy Natural Products Pty Ltd. (Australia), Chr. Hansen Holding A/S (Denmark), MIERLO (Netherland) and Algaetech international sdn.bhd (Malaysia).
Segmentation Overview
AMA Research has segmented the market of Global Spirulina market by Type (Arthrospira Plantensis and Anthrospira Maxima), Application (Nutraceuticals, Food and Beverages, Cosmetics, Agriculture, Feed and Others) and Region.
On the basis of geography, the market of Spirulina has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Composition, the sub-segment i.e. Protein will boost the Spirulina market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Spirulina market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Spirulina market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of spirulina Based Natural Food Color, Consumers Inclinations towards the Healthy Diet and Nutritional Products, Introduction Of Ready to Drink Products and Increasing Awareness towards Natural Products
Market Growth Drivers:
Used as Dietary Supplements, Income Source in Rural Areas of Emerging Countries, Effective Against Anemia, Cancer And Cardiac Diseases, Adoption of New Vendors and High Demand in Food and Beverages Industries
Challenges:
Deficiency Of Awareness about Benefits and Unexpected Natural Incidents
Restraints:
Limited Resources of Spirulina, Specific Climatic Environment is Needed for Plant to Grow and High Production Cost
Opportunities:
Fulling Demand in the Bio Fuel Industries and Developing New Applications in Different Industries
Market Leaders and their expansionary development strategies
In November 2018, Sensient Technologies a global manufacturer and marketer of colors, flavors and fragrances has acquired Mazza Innovation Ltd.
In August 2023, the Haryana government announced the introduction of Spirulina-based products to tackle malnutrition among children with a six-month pilot project in Nuh district.
On 14th August 2013, The FDA’s decision to give the thumbs up to spirulina as a source of blue color in candy and gum finally gives US firms a natural alternative to artificial FD&C Blue #1 ('brilliant blue')
Key Target Audience
Spirulina Manufacturers, Raw Material Suppliers, Food, Health Research Organisations, E-commerce Companies, Government and Other Private Organisations, Government and Private Research Organization, Government Regularity Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.