Global Spirulina Market Future Growth, Competitive Analysis and Forecast 2029

[manisha kashid]

Spirulina is a cyanobacteria (blue-green algae) biomass that people and animals may ingest. Arthrospira platensis, A. fusiformis, and A. maxima are the three species. Arthrospira is a plant that is grown all over the world and is used as a nutritional supplement or entire food. It is also utilised in the aquaculture, aquarium, and poultry sectors as a feed additive.

Global Spirulina Market Scope:

This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.

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Global Spirulina Market Overview:

The Global Spirulina market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Global Spirulina Market, as well as the reasons for variations in the industry's growth in various locations.

Global Spirulina Market Size was valued at USD 481.46 Million in 2021, and it is expected to reach USD 1077.96 Million by 2029, exhibiting a CAGR of 10.6 % during the forecast period (2022-2029)

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Key Players:

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Global Spirulina market are as follows:
• Sensient Technologies Corp.
• Parry Nutraceuticals Limited
• Now Health Group Inc.
• Naturex S.A.
• Naturalin Bio-Resources Co., Ltd
• GNT Holding B.V.
• GNC Holdings, Inc.
• Fuqing King DnarmsaSpirulina Co., Ltd.
• FrakenBiochem Co., Ltd.
• Far East Bio-Tec Co., Ltd.
• Dongtai City Spirulina Bio-Engineering Co., Ltd.
• Dhler GmbH
• DIC Corporation
• DDW Inc.
• Cyanotech Corp
• Chr. Hansen Holding A/S
• Cabassi & Giuriati SpA
• Echlorial
• Givaudan international SA
• Yunnan Green A Biological Project Co., Ltd
• Earthrise Nutritionals, Llc
• Zhejiang Comp Spirulina Co., Ltd.

Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Global Spirulina market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

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COVID-19 Impact Analysis on Global Spirulina Market:

Due to a break in operations, end-user sectors where Global Spirulina are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Global Spirulina manufacturers, affecting the development of the Global Spirulina market in 2020. End-user business demand for Global Spirulina has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Global Spirulina Market Report are:

• Which segment had the largest share in the Global Spirulina market in 2021?
• What is the competitive landscape of the Global Spirulina market?
• Which are the key drivers aiding the Global Spirulina market growth?
• Which region has the maximum share in the Global Spirulina market?
• What will be the CAGR of the Global Spirulina market during the forecast period (2022-2027)?

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