Spirulina are used in a variety of industries to commercially manufacture valuable end products such as food and beverage, nutraceuticals, pharmaceuticals, paints and colorants, fertiliser, and fuel. Carotenoids, lipids, algal proteins, hydrocolloids, and other are useful and in high demand for end-product manufacturing. The various forms of microalgae or seaweed and microalgae, such as blue-green algae (BGA), red algae, and brown algae, are used to create useful products that are rich in healthy nutrients.
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Data Bridge Market Research analyses that the spirulina powder market which was growing at a value of USD1024.91 million in 2021 and is expected to reach the value of USD 1883.03 million by 2029, at a CAGR of 7.90% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Spirulina is a derived from blue-green algae biomass or cyanobacteria. Cyanobacteria can be found in ponds, lakes, and rivers. There are two types: arthrospores platensis and arthrospores maxima. Protein, vitamins, amino acids, and minerals are abundant in algae. They are available in powder, flake and tablet form and can be consumed by both humans and animals.
The spirulina powder market is analysed and market size insights and trends are provided by country, type, form, end user and distribution channel as referenced above.
The countries covered in the spirulina powder market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in Global (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the spirulina powder market due to high consumption and production of algae-based products, which results in high market demand. Along with this, the main reason is a large population that is increasingly interested in healthy food products, in which algae-based ingredients play an important role.
The spirulina powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to spirulina powder market.
Some of the major players operating in the spirulina powder market are:
BASF SE (Germany)
SePRO Corporation (U.S.)
BioSafe Systems, LLC (U.S.)
N. Jonas & Company, Inc. (U.S.)
Phoenix Products Co. (U.S.)
Weifang Maochen Chemical Co., Ltd. (China)
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