According to a new report published by Allied Market Research, titled, โSpirulina Market: Global Opportunity Analysis and Industry Forecast, 2020โ2027″ The global spirulina market was valued at $393.6 million in 2019, and is projected to reach $897.61 million by 2027, registering a CAGR of 10.5% from 2020 to 2027.
The highly nutritional and ecofriendly Spirulina (Arthrospira platensis) has hypolipidemic, hypoglycemic, and antihypertensive properties. Spirulina contains functional compounds, such as phenolics, phycocyanins, and polysaccharides, with antioxidant, anti-inflammatory, and immunostimulating effects. In addition, Spirulina processing products are employed in agriculture, food industry, pharmaceutics, perfumery, and medicine. The use of spirulina in food can bring benefits to human health owing to its chemical composition, since it has high levels of vitamins, minerals, phenolics, essential fatty acids, amino acids, and pigments. Thus, spirulina plays an important role in this scenario.
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The spirulina market is segmented into type, application, formulation, and region. By type, the market is bifurcated into Arthrospira Platensis and Arthrospira Platensis. By application, it is categorized into nutraceuticals, cosmetics, food & beverages, agriculture, feed, and others. By drug formulation, it is categorized into powder, tablet & capsule, liquid, and granule & gelling agent. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America is expected to remain dominant throughout the forecast period due to its well-developed healthcare industry, presence of leading manufacturers in the region, high adoption rate of spirulina, and increase in demand for naturally derived food coloring agents in the region. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, as it offers lucrative opportunities for the market players due to significant growth of the food processing industry in the region.
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- This report entails a detailed quantitative analysis along with the current and future global spirulina market trends from 2019 to 2027 to identify the prevailing opportunities along with strategic assessment.
- The spirulina market forecast is studied from 2020 to 2027.
- The spirulina market size and estimations are based on a comprehensive analysis of key developments in the industry.
- Qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the spirulina market.
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The key players profiled in this report include Cyanotech Corporation DIC Corporation, Cabassi & Giuriati SpA, DDW, DรHLER GmbH, Dongtai City Spirulina Bio-engineering Co., Ltd., Echlorial, E.I.D. Parry Limited, Givaudan international SA, Prolgae Spirulina Supplies Pvt. Ltd., Dongtai City Spirulina Bio-engineering Co., Ltd.,
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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