What is the Global Spirulina Market size in different countries around the world?

Global Spirulina Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Spirulina is a blue-green algae known as the oldest life forms on Earth responsible for producing the oxygen in the planet’s atmosphere. It is termed as a superfood and one of the most nutrient-rich foods on Earth. It contains around 55 to 70% protein, high levels of gamma-linolenic acid (GLA), beta carotene, nucleic acids DNA & RNA, chlorophyll, 8 essential and 10 non-essential amino acids, and others.

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Spirulina Market is segmented based on type, product type, application, and region. Plant Breeding Spirulina, Natural Lakes Aquaculture Spirulina, and others are the types that could be explored in Spirulina in the forecast period.

Spirulina extracts, spirulina tablet & capsule, liquid, gelling agent, and spirulina powder are the product types that could be explored in Spirulina in the forecast period. The spirulina powder sector accounted for the substantial market share of Spirulina and is estimated to continue its dominance in the coming years. This may be because of high demand in food industry. In addition, tablet & capsule sector is estimated to grow at fastest pace in the coming years.

The market may be categorized based on applications like cosmetics, food & beverage, medicine, and others that may explore in the forecast period. Food and beverage sector accounts for the substantial market share of Spirulina and is estimated to lead the overall market in the coming years. This may be because of growing concern regarding nutrition and health and increasing preference for natural alternatives to traditional pharmaceutical products. 

Spirulina Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, North America accounts for the substantial market share of Spirulina and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be increasing awareness among customers regarding natural food products, growing preference for plant protein sources, increasing rules against synthetic colors, and rise in bio fertilizers and cosmetics industries.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Spirulina Market in this region.

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The key players of Spirulina Market are Gangfa, DIC Corporation, Wuli Lvqi, Cyanotech Corporation CC, Tianjian, Parry Nutraceuticals, Lanbao, Hydrolina Biotech, SBD, King Dnarmsa, Shenliu, CBN, Chenghai Bao ER, Green-A, and Spirin. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

This report studies Spirulina in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.