Global Spirulina Market to See 7.1% CAGR through 2022, Predicts Meticulous Research in Its Insightful Study Available at MarketPublishers.com05 Jun 2017 • by Natalie Aster
LONDON – The world’s spirulina market is expected to increase at a 7.1% CAGR during 2017-2022. By the year 2022, the market value is predicted to climb to USD 238.3 million. The major drivers of the spirulina market growth include the escalating demand for natural food colours, expanding popularity of vegetarianism, enhancing awareness of malnutrition and also stringent regulative norms for the inclusion of synthetic flavours and colours. Besides, introduction of new applications gives further impetus to the market growth. Meanwhile, the market growth could be restrained by such factors as challenges associated with spirulina production and low awareness of the benefits of this algae.
At present, spirulina powder is the most common form of this algae available in the world’s market; this sector is anticipated to exhibit the highest CAGR through 2022.
The world’s spirulina market is fragmented with the presence on numerous regional and local players. DIC Corporation, Algaetech international, Algene Biotech, Sunrise Nutrachem Group, Naturya, Tianjin Norland Biotech, Guangzhou Endless Biotech, Cyanotech Corporation, Synergy Naturals, Far East Biotech and Fuqing King Dnarmsa Spirulina are some of the prominent companies active in the world spirulina market.
The insightful research report “Global Spirulina Market Outlook: 2017-2022” created by Meticulous Market Research Pvt. Ltd. gives a detailed guide to the global spirulina market landscape, covering the key geographical markets as well as the major market segments on the basis of forms and applications. The report includes reliable data on the current and historical market development trends, sheds light on the main market growth hinders and drivers, pinpoints and discusses the key growth challenges and opportunities. it includes a detailed industry structure analysis, highlights the market dynamics, covers the competitive landscape and contains info on the leading players. Moreover, a comprehensive future outlook through 2022 is at hand.
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