NEW YORK, November 16, 2017 /PRNewswire/ --
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Global Spirulina Extract Market: Forecast
The global spirulina extract market is expected to witness a stellar growth rate throughout the period of assessment. The global market is projected to reach a market valuation of more than US$ 270 Mn by the end of the assessment period in 2025, up from an estimated US$ 150 Mn in 2017, growing at a CAGR of 7.9% during the forecast period, 2017-2025.
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Global Spirulina Extract Market: Dynamics Influencing Growth
Increasing applications of spirulina, higher nutrition value of spirulina, approval of spirulina use in the food and beverage industry by regulatory agencies, rising demand due to cost effectiveness, favorable government initiatives for the production of spirulina, increasing launch of new varieties of natural colors produced from spirulina and increasing awareness of the health benefits associated with spirulina making it a super food are pushing the growth of the global market.
However, contamination in spirulina adversely affecting production, continuous fluctuations in import and export of spirulina and uneven environment change challenging the production of spirulina are affecting the growth of the global spirulina extract market.
Global Spirulina Extract Market: Segmental Insights
The global spirulina extract market is segmented by nature, by form, by application and by region.
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Global Spirulina Extract Market: Competitive Assessment
The report includes a detailed chapter on the competitive scenario present in the global spirulina extract market. In this section, details of major players in the market have been chalked. Key developments, trends, innovations, SWOT analysis, key financials, product portfolio and strategies of key players such as Chr. Hansen A/S, Sensient Technologies Corp, Parry Nutraceuticals Limited, Cyanotech Corp, DIC Corporation, GNC Holdings, Inc., DDW Inc., Dongtai City Spirulina Bio-Engineering Co., Now Health Group Inc., Fuqing King Dnarmsa Spirulina Co., Parry Nutraceuticals Limited, Fraken Biochem Co., Ltd., Naturex S.A, Döhler GmbH and Far East Bio-Tec Co., Ltd. (ALGAPHARMA BIOTECH CORP) have been included.
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