Spirulina Extract Market By Form (Powder, Liquid), By Application (Dietary Supplements & Nutraceutical, Confectionery, Cosmetic, Bio-Fertilizer, Aquaculture Feed) ) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

This report titled “Spirulina Extract Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in spirulina extract market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on form, application and geographical distribution.

Natural food colors are witnessing increased adoption among food and beverage manufacturers. Rising consumer awareness regarding intake natural ingredients, health consciousness, ban by governments of various countries on synthetic food color use in food and beverage applications, development of sustainable and cost effective color formulations are some of the factors leading to development of natural food colors such as spirulina. Upswing in the spirulina extract market among food and beverage manufacturers is expected to result in double digit growth of the overall spirulina extract market in the forthcoming years. Furthermore, blue color formulation is not easily available in natural colors, this is anticipated to generate high demand for spirulina extract in the near future. Spirulina extract is finding profound use in the manufacturing of confectionaries and ice-creams.

In this report, the spirulina extract market is segmented on the basis of form and application. Spirulina extract usage is in two forms powdered and liquid. Based on application, spirulina extract market is segmented into dietary supplements & nutraceutical, confectionary, cosmetics, bio-fertilizer and aquaculture feed. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2023 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2023 (Value %).

In terms of geographical distribution, the global spirulina extract market is studied for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global spirulina extract market is performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global spirulina extract market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key spirulina extract manufacturers across the globe.

For the purpose of this study, the global spirulina extract market is categorized into:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Spirulina Extract Market

In 2015, Europe was the leading market followed by North America and Asia Pacific. Asia Pacific and North America collectively accounted for around 50% share of the market in terms of value. Spirulina Extract market growth in Europe is driven by factors such as ban on artificial colors application, research and development for better formulations especially for confectionery products, compliance with European regulations and others during the forecast period. In addition, The United States Food and Drug Administration (FDA) approval for spirulina as a coloring agent in varied food and beverage applications strengthens market in North America. High demand for spirulina extracts from the food and cosmetic industry in North America is also anticipated to contribute to the demand for spirulina extracts in the region.

Growth is projected to be fastest from the Asia Pacific region during the forecast period 2016 to 2024. Urbanization, government intervention for food safety and standards, consumer concerns for healthy food products are some of the factors leading towards adoption of natural ingredient product, thereby leading to significant spirulina extract market growth in the region.  Furthermore, in Japan mandatory usage of natural food colorants in food and beverages has resulted in increased demand for spirulina extracts; thereby spurring growth of spirulina extracts market.

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Published Date:  Jan 2017
Category:  Food & Beverage
Report ID:   57934
Report Format:   PDF
Pages:   120
Rating:    4.3 (50)
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