Spirulina Beverages Market Volume Analysis, Segments, Value Share and Key Trends 2020-2027
Spirulina Beverages Insights:
The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers.
Major Players in Spirulina Beverage Market:
The leading players in the Spirulina Beverage Market:
- Algama Foods
- Prolgae Spirulina Supplies Pvt. Ltd.
- Lisi (Xian) Bio-Tech Inc.
- Walmart
- Amazon
Key Drivers of Spirulina Beverage Market:
Some of the key factors surging the growth of the global spirulina beverages market include the rising trend of veganism among the consumers for a healthy lifestyle. Furthermore, spirulina refreshments are considered a vital source of protein among plant-based beverages. The unique nutritional properties of spirulina have promoted industry participants to introduce new products to capture the major share in the market.
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Over the past years, the customersâ have inclined towards beverages and plant-based food to maintain their overall health. Additionally, the growing trend of veganism due to the increasing carbon footprint caused by the consumption of food products acquired from animals such as egg, meat, pork, and seafood further fuelled the demand of the market during the forecast period. Customers opt for eco-friendly food items, which can satisfy the essential prerequisite of protein and other necessary supplements. This factor will drastically boost the growth of the market.
Based on the region, North America is expected to dominate the market due to the growth in demand for spirulina beverages. In addition to this, the rising consumer preference for vegan food driven by the swift shift in consumerâs demand towards plant-based protein food rather than meat protein will further bolster the market growth in this region.
Spirulina Beverage Market Segmentation:
The spirulina beverage market has been segmented into the following categories:
Spirulina Beverage Market by Distribution Channel:
- Hypermarket & Supermarket
- Online Retail
- Others
Spirulina Beverage Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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