One variety of blue-green algae, also called blue-green algae, is spirulina. Because of its high nutritional value, spirulina is referred to as a superfood. Protein, beta-carotene, fatty acids, vitamins, copper, and iron are all included in spirulina. Spirulina comes in two primary varieties: Arthrospira and Arthrospira. Spirulina contains the blue pigment phycocyanin, which is mostly used as a natural coloring agent in a variety of foods and beverages.
Spirulina contains vital trace minerals for healthy skin, like zinc and selenium, as well as antioxidant and cleaning capabilities. Additionally, it increases the skin’s suppleness and firmness. Because spirulina contains phycocyanin, which aids in skin detoxification and hydration, it is frequently utilized in a variety of cosmetic and personal care products. The global market for spirulina is growing as a result of rising demand for cosmeceuticals made with natural extracts.
Get More Information @ https://www.contrivedatuminsights.com/request-sample/62094/?utm_source=Dhananjay&utm_medium=PR
Spirulina market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Spirulina market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we considered the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
- In 2020, Chrome. Global bioscience company Hansen A/S presents “FruitMax® blue”. The launch of spirulina-based products is expected to help the company strengthen its business and increase its revenue share.
- In 2018, food manufacturing company Algama Foods focused on relaunching its spirulina water after extensive product development to improve taste and stability. Made with concentrated, dried extracts of blue spirulina, rich in phycocyanin, vitamins, and minerals, Spring Wave is an antioxidant-rich and refreshing drink.
- In August 2019, Scottish biotechnology company ScotBio developed a patent-protected method to improve the phycocyanin pigment content of spirulina. Phycocyanin produced by incorporating this new method provides a 5-fold higher yield compared to conventional extraction.
- In July 2019, GNT developed a range of blue powders derived from Spirulina that offer much higher color intensity that can be incorporated as an additive in various foods.
- In March 2019, Naturex developed a line of extracts called the ‘Vegebite Ultimate Spirulina’ collection that offers natural blue and green in varying concentrations available in powder and liquid form.
Major Segments Covered in the Global Spirulina Market:
Market Key Players:
Earthrise Nutritional, LLC (U.S.), DIC Corporation (Japan), Yunnan Green A Bio-engineering Co., Ltd (China), Algene Biotech (India), Tianjin Norland Biotech Co., Ltd. (China), Cyanotech Corporation (U.S.), E.I.D. Parry (I) Ltd. (India), Far East Biotech Co. Ltd., (China), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), and Australian Spirulina (Australia), Hydrolina Biotech, GreeNatr Premium, Nutrex Hawaii, Health Force, Source Naturals, Triquetra Health, Solaray (Nutraceutical International Corporation), Viva Naturals, And Others.
Spirulina Market by Types:
Arthrospira Platensis
Arthrospira Maxima
Spirulina Market by Applications:
Nutraceuticals
Food & Beverages
Animal Feed
Cosmetics
Agriculture
By Formulation
Powder
Tablet & Capsule
Liquid
Granule & Gelling Agent
Significant Market Dynamics:
Growing demand for natural food supplements coupled with the wide applicability of spirulina in the food & beverage and biotechnology industries are the major factors accelerating the growth of the global spirulina market. Furthermore, increasing R&D activities for product development by major players and the introduction of new solutions are expected factors for the growth of the segmented target market.
High production costs along with fluctuating raw material prices and availability are expected to hamper the growth of the global spirulina market. Moreover, the growth of the target market is expected to be hampered by stringent government product approval regulations. However, increasing investments by key players in product development and players’ focus on tracking untapped markets are expected to create opportunities for spirulina market players. Moreover, increasing collaborations and agreements to improve distribution channels are expected to support revenue deals in the target market.
Read Full Report with Charts & Graphs @ https://www.contrivedatuminsights.com/product-report/spirulina-market-62094/?utm_source=Dhananjay&utm_medium=PR
