Spirulina Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
315938 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Spirulina market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Spirulina is projected to rise moderately in the projected time frame of 2023-2030.
Spirulina is a microscopic spiral shaped blue-green vegetable algae which grows in mineral-rich freshwater and saltwater sources. It provides an abundance of protein, vitamins, minerals, trace minerals, essential fatty acids, phytonutrients, and antioxidants.
First, the spirulina industry concentration is high; in the world wide, giant manufacturers mainly distribute in China, India and American. China has a long history and unshakable status in this industry, like DIC, King Dnarmsa, CBN and Green-A, both have perfect products. In China, the manufacturers focus in Yunnan and Shandong province.
Second, as for consumption market, the global market sales were 11336 MT spirulina in 2015, which was much higher than that of 9128 in 2012.
Third, the sales market mainly focus on the China, USA, India, Japan and Europe etc. region. In 2013, the U.S. Food and Drug Administration approved the use of phycocyanin as a natural colorant in food and beverage products. Since then, demand has risen dramatically, particularly in the Americas and Europe. In 2016, China was the leader consumption region with the sales market share of 45.70%. USA was the second sales market with sales share 22.75% in 2016.
Fourth, the price of spirulina was decreasing from 2012 to 2016, increased since 2020; also the gross margin decreased. It is expect that the price is also decreasing in future. The gross margin is about 12%-17% in 2015, while the global average spirulina price is about 10804 USD/MT in 2020.
Fifth, this industry is affected by the economy and policy, so it\'s important to put an eye on economic indexes and leaders\' prefer. With the global economic recovery, more and more people pay attention to health, especially in developed regions that have a large population and fast economic growth, the need of spirulina will increase.
Sixth, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The global Spirulina market is valued at 120 million US$ in 2020 and will reach 170 million US$ by the end of 2030, growing at a CAGR of 4.5% during 2023-2030. The objectives of this study are to define, segment, and project the size of the Spirulina market based on company, product type, end user and key regions.
This report studies the global market size of Spirulina in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Spirulina in these regions.
This research report categorizes the global Spirulina market by top players/brands, region, type and end user. This report also studies the global Spirulina market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Objectives of Research:
The overview of the global Spirulina market
Report comprised of the market companies, to describe and define and analyze the Spirulina market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, DIC, Cyanotech, Parry Nutraceuticals, Hydrolina Biotech, King Dnarmsa, CBN, Green-A, Spirin, Chenghai Bao ER, Shenliu, SBD, Lanbao, Tianjian, Wuli Lvqi, Gangfa
Market by Order Type
Spirulina Powder
Spirulina Tablet
Spirulina Extracts Market size by End User
Health Products
Feed
Others
Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
Before you Purchase get some Insights from this report
The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Spirulina market comprising definition
Spirulina Market Growth Drivers, Restrains, Challenges and opportunities
Major trends which is impacting the global Spirulina market
Spirulina Market segmentation and complete information about the market
Regional analysis of the market
Which regional market will develop as a champion at intervals in the coming years?
What are the top companies at intervals in the global Spirulina market?
What are the growth strategies of the key players to sustain hold at intervals in the global Spirulina market?
Spirulina Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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