Global Spirulina Powder Market 2018-2022

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

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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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