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Global Spirulina Powder Market 2018-2022

  • Published: Feb 2018
  • Pages: 113
  • SKU: IRTNTR20383
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The spirulina powder market size will grow by USD 330.85 million during 2018-2022. This report offers an analysis of the market based on application (food and beverage; pharmaceutical, nutraceutical, and animal feed; and, cosmetics and personal care) and geography (Americas, APAC, and EMEA). The spirulina powder market research report further analyzes the market’s competitive landscape and offers information on several companies including Cyanotech Corporation (CC), DIC Corporation, E.I.D. – Parry, Naturya, and NOW Foods.

Below are some of the key findings from the spirulina powder market research report

 

Spirulina Powder Market

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Global spirulina powder industry overview

The growing awareness about the health benefits of spirulina products is one of the major factors driving the spirulina powder market growth. Spirulina consumed in combination with zinc acts as a highly effective detoxifier, decreasing the arsenic content in the body. Spirulina consumption increases antibody production and infection-fighting proteins which improve immunity. It also alleviates sinus, reduces blood pressure, and cholesterol content. The growing awareness about these benefits, particularly in Europe and the Americas, has led to an increase in demand for spirulina-based products. The spirulina powder market will witness an increase in the overall market size, and it will continue to show a positive growth rate during the forecast period.

The growing popularity of a vegan diet is one of the key trends that is expected to stimulate spirulina powder market growth. With the rise in vegan population, there is a growing consumption of algae-based products such as spirulina, chlorella, and other protein-rich products. The US is witnessing an increased consumption from the vegan diet population, with about 16 million people expected to become vegetarian in the next couple of years. These consumers are increasingly demanding for algae-based nutritional products like spirulina powder, spirulina capsules, and spirulina-based extracts. The spirulina powder market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 12% during the forecast period.

Top spirulina powder companies covered in this market research report

The spirulina powder market is moderately concentrated.  The market will enter the growth phase at the beginning of the forecast period, and the competition is expected to intensify during this period.  By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this spirulina powder industry analysis report will aid clients to identify and design new growth strategies.

The report offers a complete analysis of various companies including:

  • Cyanotech Corporation (CC)
  • DIC Corporation
  • E.I.D. – Parry
  • Naturya
  • NOW Foods

Spirulina powder market segmentation based on geographic regions

  • Americas
  • APAC
  • EMEA

As per global spirulina powder market analysis, the Americas will lead the spirulina powder market share until 2022. However, the APAC region will register the highest spirulina powder market growth throughout the forecast period.

Spirulina powder market segmentation based on application

  • Food and beverage
  • Pharmaceutical, nutraceutical, and animal feed
  • Cosmetics and personal care

The food and beverage application segment will dominate the spirulina powder market share during the forecast period. This segment will also account for the highest spirulina powder market growth. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the spirulina powder market size.

Key highlights of the global spirulina powder market for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the spirulina powder market during the next five years
  • Precise estimation of the global spirulina powder market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the spirulina powder industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of spirulina powder companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Global spirulina powder-based food and beverage – Market size and forecast 2017-2022
  • Global spirulina powder-based pharmaceutical, nutraceutical and animal feed – Market size and forecast 2017-2022
  • Global spirulina powder-based cosmetics and personal care – Market size and forecast 2017-2022
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Spirulina powder market in Americas – Market size and forecast 2017-2022
  • Spirulina powder market in APAC – Market size and forecast 2017-2022
  • Spirulina powder market in EMEA – Market size and forecast 2017-2022
  • Key leading countries
  • Spirulina powder market in US
  • Spirulina powder market in China
  • Spirulina powder market in Germany
  • Spirulina powder market in Japan
  • Spirulina powder market in UK
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Increasing popularity of online retailing
  • Rise in popularity of vegan diet
  • Increasing millennial population worldwide

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Cyanotech Corporation (CC)
  • DIC Corporation
  • E.I.D. - Parry
  • Naturya
  • NOW Foods

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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