Spirulina Market to Reach US$ 1,855.8 Mn Value by end of 2026 - Persistence Market Research

Tuesday, March 14, 2017 Research News
Email Print This Page Comment bookmark
Font : A-A+

NEW YORK, March 14, 2017 /PRNewswire/ --

According to PMR

  • Over 128,000 tons of spirulina
    was globally consumed in 2016, revenues from which touched US$ 718.7 Mn
  • Increasing applications of spirulina as a core ingredient in production of food and beverages, animal feed and nutraceuticals will continue
    instrumenting the growth of global spirulina market
  • By the end of 2026, the global spirulina market will have soared at 10% CAGR to reach US$ 1,855.8 Mn value
  • Through 2026, the global spirulina consumption will account for sales of more than 321,000 tons, exhibiting an impressive CAGR of 9.6%

     (Logo: http://photos.prnewswire.com/prnh/20161114/438683LOGO )

Growing awareness about nutritional benefits of spirulina serves as a key driver for the market's growth. Scientifically proven, spirulina contains the highest amount of proteins found in any naturally-cultivated food ingredient in the world. In the years to come, spirulina will continue to be in great demand across several regions in the world. Persistence Market Research's report, titled "Global Market Study on Spirulina: Powder Product Form Segment Anticipated to Dominate the Global Market in Terms of both Value and Volume During 2016 - 2026,(http://www.persistencemarketresearch.com/market-research/spirulina-market.asp)" projects that North America will be the world's largest market for spirulina. Through 2026, North America's spirulina market will be valued over US$ 570 Mn, exhibiting highest value CAGR of 11.5%. While Western Europe and the Asia-Pacific excluding Japan region will also witness lucrative growth in their spirulina markets, the Middle East and Africa region is projected to showcase a positive +84 BPS gain.

US-based companies such as Cyanotech Corp., DDW Inc., Sensient Technologies Corp., GNC Holdings, Inc., Now Health Group Inc. are recognized as some of the leading manufacturers of spirulina in the world. Other key players profiled in the report include, GNT Holdings B.V., Fuqing King Dnarmsa Spirulina Co., Ltd., Dongtai City Spirulina Bio-Engineering Co. Ltd., DIC Corporation, and Chr. Hansen A/S.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/14431

The report reveals that regulatory bodies from around the globe are approving the use of spirulina in production of new food items & beverages. Leading foodmaker The Mars Inc.'s petition for approval of spirulina as a key ingredient in production of new products was conceded by the FDA, garnering attention of other prominent manufacturers of food & beverage products. Furthermore, commercial-scale production of spirulina has also become more feasible due to advent to technological advancements. Cost-effectiveness of such production procedures are guaranteeing higher profit margins for spirulina manufacturers, effectuating a significant rise in entry of new players in the market.

View Report Table of Contents, Figures, and Tables@ http://www.persistencemarketresearch.com/market-research/spirulina-market/toc

In 2016, sales of nearly 90 thousand tons of spirulina powder was recorded across the globe. Highlighting this, the report reveals that revenues from global sales of powdered spirulina will soar at the highest CAGR of 10.4%. Demand for spirulina in the form of tablets & capsules will also gain traction at a comparatively steady pace. Based on the applications, more than 250,000 tons of spirulina will be consumed globally for production of nutraceuticals by the end of 2026. Throughout the forecast period, the demand for spirulina will remain high in production of nutraceuticals, followed by food & beverages.

Buy full Report for Single User@ http://www.persistencemarketresearch.com/checkout/14431

Persistence Market Research Overview 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Persistence Market Research U.S. Sales Office: 305 Broadway, 7th Floor New York City, NY 10007 United States USA - Canada Toll-Free: 800-961-0353

Web: http://www.persistencemarketresearch.com

Email: sales@persitencemarketreserach.com

SOURCE Persistence Market Research Pvt. Ltd.



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor
Advertisement

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook