SPIRULINA MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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SPIRULINA MARKET 2018 Spirulina Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Spirulina is a multicellular and filamentous blue-green microalgae. It is used as a human food supplement and to overcome malnutrition since it is a rich source of protein, vitamins, minerals, carotenoids, and antioxidants. Spirulina grows in fresh water and is also grown artificially based on its nutritional value. It is further procured using various methods and is ultimately dried and powdered. From the last few decades, Spirulina has gained its popularity based on its diverse applications in food industry (majorly nutraceuticals) and as a potential protein supplement.
The food and beverages industry have slowly started phasing out artificial colors due to the rising safety concerns and growing demand for natural colors. Spirulina is considered to be one of the popular natural food color among the food & beverages manufacturers. The primary pigment in spirulina is a protein called phycocyanin that n. It imparts a vibrant blue color. Additionally, it can be combined with other colors to make customized colors of such as green and lavender or violet shades, which makes it.
Thus, making it ideal for using in various food and beverages products. Spirulina also finds its major application in the cosmetic & personal care industry. Spirulina mainly used in cosmetic & personal care products especially for the anti-aging cream. Spirulina is considered to be effective as one gram per day is sufficient enough to correct severe malnutrition in a child within in a few weeks. New studies suggest that spirulina capable of improvising the physical development as well as cognitive performance.
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SPIRULINA MARKET 2018
Intended Audience: •
Spirulina manufacturers
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Raw material suppliers
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End users
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Retailers and wholesalers
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E-commerce companies
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Traders, importers and exporters
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SPIRULINA MARKET 2018 Regional Analysis The global spirulina market has been segmented on the basis of form such as powder, capsule & tablet, liquid, and gelling agent. The powder segment is projected to account maximum market proportion and projected to grow at CAGR of 8.23% during the forecast period. On the basis of applications, the global spirulina market is segmented into nutraceuticals, food & beverages, pharmaceuticals, cosmetic & personal care, and others. Among all the applications, nutraceutical segment is estimated to witness the highest growth at a CAGR of 8.34% during the forecast period of 20172023.
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SPIRULINA MARKET 2018 Application & Major Players in this Research: Spirulina Market Prominent Players:
Cyanotech Corporation (Hawaii), DIC Corporation (Japan), E.I.D. Parry (India) Limited (India), Tianjin Norland Biotech Co. Ltd (China), Hydrolina Biotech Private Limited (India) and Jiangxi Alga Biotech (China)
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