Global Spirulina Extract Market 2021 is expected to register a CAGR of 6.4%, during forecast period with Impact of Covid 19 Analysis

Spirulina

Global “Spirulina Extract Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Spirulina Extract in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Spirulina Extract Market report categorizes the market based on manufacturers, regions, type, and application. Spirulina Extract Market reports offer a detailed assessment of the Spirulina Extract including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Spirulina Extract market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Market Insights

The global spirulina market is expected to register a CAGR of 6.4% during the forecast period. Spirulina extract is a natural ingredient and colorant that can be used as a dietary/ nutritional supplement and as a cosmetic ingredient. Though spirulina was part of the food and feed industry for the past decade, there are new opportunities in various industries such as agriculture, bio-diesel, nutraceuticals, and cosmetics.

Market Dynamics

Stringent regulations and a ban on synthetic food additives by the European and United States governments have opened the gates for the demand for natural additives. The growing demand for natural and clean label colors has recreated a demand for spirulina extracts. However, the specific climatic conditions required for the growth of algae are limiting the market. As a result, the countries are highly relying on imports to meet the demand. Moreover, the high costs incurred in developing the product are also restraining the market. However, the growing disposable incomes and awareness of the natural product efficiency in the developing economies are creating opportunities for growth of the global spirulina extract market during the forecast period. Innovations and funding supporting research are also major avenues to explore in the coming years.

Market Segmentation

Spirulina is rich in chlorophyll, phycocyanin, and beta-carotene and is often used as a source of natural color. Edible color Linablue, used in ice creams and confectionaries, is mainly produced from spirulina. Bans on various synthetic colors in food items by various developed nations like EU, the US, and Japan are fuelling this market. Japan has made it mandatory to use food colors that have no chemicals. In the United States, the FDA has approved the use of spirulina-based, Linablue to be used in candy as an alternative to synthetic colors. The market has been segmented by industries served (nutraceuticals, food, cosmetics, agriculture, feed, and others).

Regional Analysis

The spirulina extract market has been segmented by region (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific). The North American and Asia-Pacific regions are the major producers of spirulina extracts, due to their favorable climatic conditions and wide applications of the products. The United States, Japan, and Germany are the major consumers of the products. Due to the ban on chemicals as colorants in the food industry, the United States and Europe are blooming markets. The demand for clean label and natural ingredients are expected to drive the market in the forecast period.

Key Developments

• July 2015 – BASF and Solazyme have declared the take-off of the first marketable surfactant derived from microalgae oil under the brand name of Dehyton AO 45.
• July 2013- National Prawn Company of Saudi Arabia and BASF are collaborating for the development of unique algae technology for use in food, beverages, and dietary supplements.

Competitive Landscape

Major Players – ALLER AQUA, BASF, CHR. HANSEN A/S, CYANOTECH CORPORATION, DIC CORP, DOHLER GROUP, HYDRO LINE BIOTECH, NATUREX SA, ROYAL DSM, SENSIENT TECHNOLOGIES CORPORATION, SOLAZYME and SPIRULINA CANADA CO., LTD, among others.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

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The global Spirulina Extract market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Spirulina Extract Market Report covers the Top Key-players in 2021:-

  • Aller Aqua
  • BASF
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • DIC Corp
  • Dohler Group
  • Hydro line Biotech
  • Naturex SA
  • Royal DSM
  • Sensient Technologies Corporation
  • Solazyme
  • Spirulina Canada Co.
  • Ltd

Highlighted points of Spirulina Extract Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12887264

This Spirulina Extract Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Spirulina Extract? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Spirulina Extract Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Spirulina Extract Market? What Was Capacity, Production Value, Cost and PROFIT of Spirulina Extract Market?
  • What Is Current Market Status of Spirulina Extract Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Spirulina Extract Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Spirulina Extract Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Spirulina Extract Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Spirulina Extract Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Spirulina Extract Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Spirulina Extract Industry?

Key Developments in the Spirulina Extract Market:

  • July 2015 – BASF and Solazyme have declared the take-off of the first marketable surfactant derived from microalgae oil under the brand name of Dehyton AO 45.
  • July 2013- National Prawn Company of Saudi Arabia and BASF are collaborating for the development of unique algae technology for use in food, beverages, and dietary supplements.
    Competitive Landscape
    M

    Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet in excel.

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12887264

    Finally, the report Global Spirulina Extract Market 2021 describes the Spirulina Extract industry expansion game plan, the Spirulina Extract industry knowledge supply, appendix, analysis findings, and the conclusion.

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