Charting Growth: Spirulina Market By 2030, Showcasing a CAGR of 9.5% – MarkNtel Advisors

How big is the Global Spirulina market?

According to MarkNtel Advisors study, The Global Spirulina Market size is projected to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30.

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Global Spirulina Market Possible Restraint:

Limited Awareness of Spirulina and its Benefits among Consumers – A lack of knowledge among consumers about Spirulina’s composition, cultivation methods, & potential applications, coupled with the availability of alternative dietary supplements & superfoods, hinder its adoption worldwide. Numerous products in the health & wellness industry contest for consumer attention, and Spirulina must compete with these alternatives to establish its market presence. Moreover, price sensitivity is another aspect that negatively impacts the demand for Spirulina, the cultivation & processing of which involve specific techniques & infrastructure and thus incur higher production costs than other dietary supplements. Hence, these aspects are projected to hamper the growth of the Spirulina Market during 2024-30.

Leading Companies in the Global Spirulina market:

  • Algenol Biofuels Inc.
  • Hansen Holding A/S.
  • Cyanotech Corporation
  • Dongtai City Spirulina Bio-engineering Co.
  • Fuqing King Dnarmsa Spirulina Co., Ltd.
  • Fraken Biochem Co., Ltd.
  • Naturex S.A.
  • Now Foods
  • Parry Nutraceuticals Ltd.
  • Prolgae Spirulina Supplies Pvt. Ltd.
  • Sensient Technologies Corporation
  • Others

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Global Spirulina Market Segmentation:

By Type

  • Arthrospira Platensis
  • Arthrospira Maxima

By Formation

  • Powder
  • Tablet
  • Liquid

Amongst these three, Powder is anticipated to demonstrate the fastest growth in the Global Spirulina Market during 2024-30.

By Application

  • Food & Beverage
  • Bakery
  • Confectionery
  • Other Processed Foods
  • Dietary Supplements
  • Cosmetics & Personal Care
  • Agriculture

Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Of all regions globally, Asia-Pacific is anticipated to demonstrate the fastest market growth during 2024-30.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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