According
to Persistence Market Research,
- Over 128,000 tons of spirulina was globally consumed in 2016, revenues from which touched US$ 718.7 Mn
- Increasing applications of spirulina as a core ingredient in production of food & beverages, animal feed and nutraceuticals will continue instrumenting the growth of global spirulina market
- By the end of 2026, the global spirulina market will have soared at 10% CAGR to reach US$ 1,855.8 Mn value
- Through 2026, the global spirulina consumption will account for sales of more than 321,000 tons, exhibiting an impressive CAGR of 9.6%
Growing
awareness about nutritional benefits of spirulina serves as a key
driver for the market’s growth. Scientifically proven, spirulina
contains the highest amount of proteins found in any
naturally-cultivated food ingredient in the world. In the years to
come, spirulina will continue to be in great demand across several
regions in the world. Persistence Market Research’s report, titled
“Spirulina Market: Global Industry Analysis and Forecast,
2016-2026,” projects that North America will be the world’s
largest market for spirulina. Through 2026, North America’s
spirulina market will be valued over US$ 570 Mn, exhibiting highest
value CAGR of 11.5%. While Western Europe and the Asia-Pacific
excluding Japan region will also witness lucrative growth in their
spirulina markets, the Middle East and Africa region is projected to
showcase a positive +84 BPS gain.
US-based
companies such as Cyanotech Corp., DDW Inc., Sensient Technologies
Corp., GNC Holdings, Inc., Now Health Group Inc. are recognized as
some of the leading manufacturers of spirulina in the world. Other
key players profiled in the report include, GNT Holdings B.V., Fuqing
King Dnarmsa Spirulina Co., Ltd., Dongtai City Spirulina
Bio-Engineering Co. Ltd., DIC Corporation, and Chr. Hansen A/S.
For
more information on this report, fill the form @
https://www.persistencemarketresearch.com/samples/14431
The
report reveals that regulatory bodies from around the globe are
approving the use of spirulina in production of new food items &
beverages. Leading foodmaker The Mars Inc.’s petition for approval
of spirulina as a key ingredient in production of new products was
conceded by the FDA, garnering attention of other prominent
manufacturers of food & beverage products. Furthermore,
commercial-scale production of spirulina has also become more
feasible due to advent to technological advancements.
Cost-effectiveness of such production procedures are guaranteeing
higher profit margins for spirulina manufacturers, effectuating a
significant rise in entry of new players in the market.
In
2016, sales of nearly 90 thousand tons of spirulina powder was
recorded across the globe. Highlighting this, the report reveals that
revenues from global sales of powdered spirulina will soar at the
highest CAGR of 10.4%. Demand for spirulina in the form of tablets &
capsules will also gain traction at a comparatively steady pace.
Based on the applications, more than 250,000 tons of spirulina will
be consumed globally for production of nutraceuticals by the end of
2026. Throughout the forecast period, the demand for spirulina will
remain high in production of nutraceuticals, followed by food &
beverages.
No comments:
Post a Comment