Blue-green microalgae called spirulina are edible and thrive naturally in alkaline bodies of water. It is composed of cyanobacterial biomass, which is often consumed by humans and animals as food and feed additives, respectively. Protein, minerals, vitamins, antioxidants, and other nutrients are abundant in spirulina.
Global Spirulina Market size was valued at US$ 435.32 Mn. in 2020 and the total revenue is expected to grow at 10.6 % through 2021 to 2027, reaching nearly US$881.24 Mn.
Global Spirulina Market Overview:
The Global Spirulina market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Global Spirulina Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
Global Spirulina Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Global Spirulina market are as follows:
• 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:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Global Spirulina market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Global Spirulina Market:
End-user industries where Global Spirulina are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Global Spirulina manufacturers, harming the Global Spirulina market’s growth in 2020. End-user business demand for Global Spirulina has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Global Spirulina Market Report are:
- In 2021, which segment accounted for the most share of the Global Spirulina market?
- What is the competitive landscape of the Global Spirulina market?
- What are the key factors influencing Global Spirulina market growth?
- In the Global Spirulina market, which region has the most market share?
- What will be the CAGR of the Global Spirulina market during the forecast period (2022-2027)?
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