Spirulina Market Global Information
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Spirulina Market Global Information
Spirulina Market Global Information by Form (Powder, Capsule & Tablet, Liquid and Gelling Agent), Application (Nutraceuticals, Food & Beverages, Pharmaceuticals, Cosmetic & Personal Care and others) and Region (North America, Europe, Asia Pacific and Rest of the world) - Forecast to 2023
Key Players: Global Covid-19 Analysis on Spirulina Market is influenced by the activities of many notable market vendors during the forecast period. Some prominent players, as profiled in the latest report by Market Research Future (MRFR), include Cyanotech Corporation (Hawaii), E.I.D. Parry (India) Limited (India), DIC Corporation (Japan), Tianjin Norland Biotech Co. Ltd (China), Jiangxi Alga Biotech (China), Hydrolina Biotech Private Limited (India), and Synergy Natural Products Pty Ltd. (Australia).
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Spirulina Market Global Information
Global Spirulina Market is anticipated to register a lucrative CAGR of 8.02% during the forecast period. Spirulina is considered as an excellent natural feed additive which is used for animals as well as poultry. With its full scope of application in agriculture and aquatic farming and hatchery, the global spirulina market is assessed to grow at a fast pace. The demand for spirulina is mainly increasing in developing economies owing to the proliferating awareness regarding the product and the benefits of the consumption of spirulina. This has opened new growth avenues for many manufacturers to expand their markets in many emerging countries of the world. Additionally, governments and organizations are considering spirulina as a solution to curb malnutrition. With rising initiatives taken by these governments and other organizations to raise awareness about the health benefits of spirulina with various promotional campaigns are promoting positive upscaling in the global spirulina market. Regional Analysis: The global spirulina market is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. Among these segments, Asia Pacific is estimated to spearhead the global spirulina market over the forecast period. Asia Pacific is projected to expand at an 8.45% CAGR over the review period. This can be accredited to the high production of spirulina in China, Japan, India, and many other East Asian countries. Additionally, Asia Pacific is a fragmented market for spirulina owing to the presence of many small manufacturers in India and China. China is projected to lead the country-specific region in Asia Pacific, just like it did in 2019, holding around 40% share in the spirulina market. North America is likely to reach a market valuation of USD 129.20 million by the end of the forecast period. Alternatively, Rest of the World is expected to expand at a moderate CAGR of 7.54% CAGR during the assessment period of 20192023.
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Spirulina Market Global Information
Segmentation The global spirulina market is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. Among these segments, Asia Pacific is estimated to spearhead the global spirulina market over the forecast period. Asia Pacific is projected to expand at an 8.45% CAGR over the review period. This can be accredited to the high production of spirulina in China, Japan, India, and many other East Asian countries. Additionally, Asia Pacific is a fragmented market for spirulina owing to the presence of many small manufacturers in India and China. China is projected to lead the country-specific region in Asia Pacific, just like it did in 2019, holding around 40% share in the spirulina market. North America is likely to reach a market valuation of USD 129.20 million by the end of the forecast period. Alternatively, Rest of the World is expected to expand at a moderate CAGR of 7.54% CAGR during the assessment period of 20192023.
Intended Audience Spirulina manufacturers Raw material suppliers End users Retailers and wholesalers E-commerce companies Traders, importers and exporters
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Spirulina Market Global Information
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Copyright Š 2017 Market Research Future.