World Spirulina Market to Witness 7.1% CAGR to 2022, According to Meticulous Research Report Available at MarketPublishers.com16 May 2017 • by Natalie Aster
LONDON – The global spirulina market is poised to gain momentum in the offing, increasing at a 7.1% CAGR through to 2022 to be estimated at USD 238.3 million by 2022-end. The market growth is largely driven by the surging demand for natural food colours, growing vegetarianism, tough regulations pertaining to incorporation of synthetic flavours and colours, and increasing levels of malnutrition from pole to pole. Meantime, decreased level of awareness of the advantages of spirulina and challenges related to spirulina production is anticipated to restrain the market expansion and growth to a certain degree.
Additionally, emergence of novel application fields also opens up considerable opportunities for the different stakeholders in the worldwide spirulina marketplace.
Spirulina powder is the most typical form of spirulina existing in the worldwide market and is projected to take the lead in the market in the offing.
Tianjin Norland Biotech, Now Foods, DIC Corporation, Naturya, Guangzhou Endless Biotech, Synergy Naturals, Cyanotech Corporation, Sanatur GmbH, Zelang Biotech, Wudi Fengtai Aquaculture, The All Natural Company, among others, are the leading players in the marketplace.
Topical market research study “Global Spirulina Market Outlook: 2017-2022” drawn up by Meticulous Research presents an in-depth, unprejudiced analysis of the world spirulina marketplace, segmenting it based on forms, applications, and also geography (regions and countries).
The report presents granular market size estimates for 2015, 2016, and 2017, in tandem with providing granular forecasts through to 2022. The research sheds light on the environment factors; offers insights into the industry structure; canvasses market drivers & restraints and opportunities; includes a value chain analysis; analyses production process; gives insights into raw materials; includes a pricing analysis, and also contains Porter’s five forces analysis. It reviews the competitive landscape and provides market shares of the different companies operating in the industry, and offers granular profiles of the 20 leading industry players.
More insightful research publications by Meticulous Research are at hand at its page.