Spirulina Extracts Market 2022 Key Strategies, Historical Analysis, Application, Technology, Trends And Opportunities

 The spirulina extracts market is valued at US$ 42 million as on 2021. The valuation as on 2022 is US$ 48.13 million. The market is projected to grow at a CAGR of 14.6% during the forecast period. The expected valuation of spirulina extracts market by 2032 is US$ 188.05 million.

The cosmetics manufacturers are increasing the usage of spirulina extracts as these contain anti-wrinkle, anti-acne, and moisturizer properties. This is expected to surge the demand for spirulina extracts during the forecast period. Moreover, the spirulina extracts are gradually replacing the additives and artificial flavors. Furthermore, these are being increasingly employed in dietary supplements because of their number of health benefits.

Even the health experts have recommended the intake of spirulina extracts in prescribed quantities as these are rich source of Vitamin B, polysaccharides, selenium, zinc, and phycocyanin. These as well are expected to increase the sales of spirulina extracts during the forecast period.

Additionally, there is an increase in the number of vegan and vegetarian population. Many vegetarians do not prefer consuming eggs as well. This would certainly surge the usage of spirulina extracts as these extracts are a rich source of different kinds of nutrients, which can hardly be fulfilled by any other fruits or vegetables.

Thus, from the research conducted by FMI, it can be inferred that Continuous innovation in spirulina extracts-based food, coupled with an increase in health consciousness among consumers, and lots of other factors are expected to drive the spirulina extracts market.

To Get Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-728

 

Key Takeaways:   

  • Spirulina extracts market valuation as on 2021 was US$ 42 million.
  • Spirulina extracts market value as on 2022 was US$ 48.13 million.
  • The expected spirulina extracts market size as on 2032 was US$ 188.05 million.
  • The spirulina extracts market is anticipated to grow at a CAGR of 14.6% during the forecast period.
  • Based on the nature, the conventional spirulina extracts had the largest market share of 80.3% in 2021.
  • Based on the application, the candy/confectionary segment had the largest market share of 24.8% in 2021.
  • Based on the region, North America is the largest spirulina extracts market.
  • Asia Pacific expected to be the fastest growing market.
  • USA spirulina extracts market is expected to be valued at around US$ 60 million by 2032.
  • Japan market expected to grow at an anticipated CAGR of 15.1% during the forecast period.
  • Germany spirulina extracts market expected to grow at a CAGR of 12.6% during the forecast period.
  • China market expected to grow at a CAGR of 16.7% during the forecast period.
  • India market expected to grow at a CAGR of 16% during the forecast period.

Competitive Scenario

With mergers and acquisitions happening at a rapid pace, the key players are looking at ways to expand their presence across the globe. Additionally, the key players are also looking to diversify their product portfolio by venturing into other sectors here spirulina extracts can be used.

Some of the recent developments are:

  • In June 2022, Aller Aqua appointed Hendrik Sorensen as the new sales manager for D-A-CH.
  • In August 2022, DIC and FPCO begin collaborating to deploy the world’s first Dissolution and separation recycling technology for the closed-loop recycling of plastic food trays.

Key Companies Profiled

  • Ideal Natural Extract,
  • Sensient Colours LLC.
  • Greenjeeva
  • Algene Biotech
  • Aller Aqua
  • BASF
  • Chr. Hansen A/S,
  • Cyanotech Corporation
  • Zhejiang Binmei Biotechnology Co., Ltd
  • C.B.N. Spirulina Canada Co., Ltd,
  • DDW – the Color House,
  • DIC Corporation- Earthrise Nutritionals,
  • Dohler Group,
  • Fiorio Colori S.p.A,
  • FMC Corporation
  • Hydro Linea Biotech,
  • Naturex SA,
  • Royal DSM,
  • Sensient Technologies Corporation
  • Solazyme
  • Japan Algae Co., Ltd.

Frequently Asked Questions

  • What is the Expected CAGR of the Spirulina Extracts Market during the Forecast Period?
  • What is the Expected Spirulina Extracts Market Size in 2032?
  • What is the Valuation of Spirulina Extracts Market as on 2022?
  • Which Region is the Largest Spirulina Extracts Market?
  • What are the Main Factors Driving the Spirulina Extracts Market?

Information Source: https://www.futuremarketinsights.com/reports/spirulina-extracts-market

Comments

Post a Comment

Popular posts from this blog

Chewable Energy Tablet Market Potential Growth, Share, Demand and Analysis of Key Players — Forecasts to 2034

 The global  chewable energy tablet market  value is estimated to total  US$ 478.9 million  in 2024. It will likely exhibit a CAGR of  8.9%  throughout the forecast period, totaling a valuation of  US$ 1,120.6 million  by 2034. Consumers mostly prefer orange-flavored chewable energy tablets owing to their perceived health benefits and other advantages. As per the latest analysis, the orange flavor segment will likely progress at a CAGR of  5.6%  through 2034. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19020 Several factors are predicted to fuel the growth of the chewable energy tablet industry during the assessment period. These include: Increasing demand for convenient and portable energy sources Growing health consciousness Rising preference of fitness enthusiasts towards chewable energy products Escalating  demand for functional foods Ava...
Read more

Canned Soup Market Growth Opportunities, Industry Analysis, Size, Share, Geographic Segmentation & Competitive Landscape Report To 2032

 The  canned soup market  is witnessing significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns. The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022. Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge. Dive into the dynamic world of the Canned Soup Market with our exclusive Sa...
Read more

Moringa Tea Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

 The global  moringa tea market  size to record a valuation of US$ 8,001.40 million in 2024. Looking ahead to 2034, the current forecast projects a CAGR of 10.40% throughout. Current projections of the moringa tea industry imply a valuation of US$ 21,456.10 million by 2034. Impelling Causes Bolstering Moringa Tea Demand Owing to its health benefits, moringa tea is a proliferating trend among other tea beverages on the market, such as the well-known matcha tea. The market niche of moringa tea is evolving due to its appeal to tea lovers and health-conscious consumers. Moringa tea stands out from other tea products due to its high nutritious content and lack of caffeine. Among the products made from moringa are oil, tea, seeds, and other health-related items. The global moringa tea market is augmenting due to the ease with which raw materials can be obtained and the extensive network of exporters of moringa tea. Request a Sample Report!  https://www.futuremarket...
Read more