Spirulina has been proven to be a safe alternative feedstock and immune booster for bigmouth buffalo, milk fish, cultured striped jack, carp, red sea bream, tilapia, catfish, yellow tail, zebrafish, shrimp, and abalone, with up to 2% spirulina per day in aquaculture feed. According to the National Institutes of Health, there is inadequate scientific evidence to advocate spirulina supplementation for any human condition, and additional study is needed to determine whether intake is beneficial. Spirulina has been studied as a technique to regulate glucose in diabetics, however the European Food Safety Authority dismissed the claims in 2013.
Global Spirulina Market Scope:
The research focuses on the report’s growth prospects, constraints, and market analyses. The research employs Porter’s five forces analysis of the Global Global Spirulina industry to assess the impact of several variables on Global Global Spirulina market trends, including supplier bargaining power, competitor competitive intensity, the threat of alternatives, buyer power etc.
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Global Spirulina Market Overview:
The research “Global Spirulina Market” seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the Global Spirulina Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
Global Spirulina Market Size was valued at USD 481.46 Million in 2021, and it is expected to reach USD 1077.96 Million by 2029, exhibiting a CAGR of 10.6 % during the forecast period (2022-2029)
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Key Players: The key players are
• Sensient Technologies Corp.
• Parry Nutraceuticals Limited
• Now Health Group Inc.
• Naturex S.A.
• Naturalin Bio-Resources Co., Ltd
• GNT Holding B.V.
• GNC Holdings, Inc.
• Fuqing King DnarmsaSpirulina Co., Ltd.
• FrakenBiochem Co., Ltd.
• Far East Bio-Tec Co., Ltd.
• Dongtai City Spirulina Bio-Engineering Co., Ltd.
• Dhler GmbH
• DIC Corporation
• DDW Inc.
• Cyanotech Corp
• Chr. Hansen Holding A/S
• Cabassi & Giuriati SpA
• Echlorial
• Givaudan international SA
• Yunnan Green A Biological Project Co., Ltd
• Earthrise Nutritionals, Llc
• Zhejiang Comp Spirulina Co., Ltd.
Regional Analysis:
Our analysts have also studied the Global Spirulina market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Global Spirulina Market: The detailed impact analysis of the COVID-19 pandemic on the Global Spirulina market has also been included in the report.
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Key Questions Answered in the Global Spirulina Market Report are:
- What will be the CAGR of the Global Spirulina market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Global Spirulina market in 2020?
- Which are the key players in the Global Spirulina market?
- What key trends are likely to emerge in the Global Spirulina market in the forecast period?
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