Spirulina Market Analysis, Key Players, Industry Segments, Development, Opportunities and Forecast
Market Insight
Global Spirulina Market is considered as a superfood that is nutrient-rich preparation of dried algae (bacteria). Consumption of spirulina in any form is said to be boosting the immune system and help treat several diseases and disorders including heart diseases. This is exactly what the vegan and vegetarian populations need as a supplement to add vitamin B12 to their diets.
Spirulina demonstrates medicinal properties like anti-inflammatory and antioxidants which help in balancing the blood sugar due to which, spirulina is widely used in pharmaceuticals & personal care products. As a result, spirulina is garnering more attention, becoming mainstream in today’s contemporary culture. Widely diverse applications of Spirulina in Pharma, food & personal care industry are driving its market. That the Spirulina market is growing rapidly and pervasively. Moreover, the rapidly spreading awareness towards the benefits of Spirulina is escalating its market on the global platform. Health supplements made from Spirulina are widely popular across the world.
Extensive uses of Spirulina in nutraceuticals, protein/ health supplement, and sports nutrition is a key driving force behind the market growth. This high-quality organic, herbal product is also extensively used in animal and poultry nutrition as a feed additive which, in turn, fosters the growth of the Spirulina market.
Leading Players Strategy
Key players leading the Global Spirulina Market include
- DIC Corporation (Japan),
- I.D. Parry (India) Limited (India),
- Hydrolina Biotech Private Limited (India),
- Universal Cyanotech Corporation (Hawaii),
- Tianjin Norland Biotech Co. Ltd (China),
- Jiangxi Alga Biotech (China)
- Synergy Natural Products Pty Ltd. (Australia)
Industry/innovation/Related News
February 12, 2019 – Valensa International (the US), a leading global manufacturer of dietary ingredients and condition-specific formulations announced that three of its products (Orlando, FL) microalgae ingredients, Parry organic spirulina and Parry organic chlorella, have been affirmed once again as Non-GMO Project Verified. The company positions these ingredients for the vegan and vegetarian market, where they provide plant-based sources of protein and vitamin B12.
February 01, 2019 – The University of Cagliari (Italy) in collaboration with the Monte Sini mine, projects Sardinia among the most innovative and efficient producers of superfood at European level launched the Spirulina algae production project during a press conference in Nuraxi Figus.
November 26, 2018 - Lumen Bioscience, Inc. (the US), a synthetic biotechnology company focused on orally delivered antibody therapeutics and other biologics, announced the issuance of the US Patent for Genetic Modification of Spirulina. The Patent issued by the U.S. Patent and Trademark Office has No. 10,131,870, entitled Targeted Mutagenesis in Spirulina.
Market Segments
For enhanced understanding, the report has been segmented into three key dynamics.
By Form: Powder, Capsule & Tablet, Liquid, and Gelling Agent among others.
By Application: Food & Beverages, Nutraceuticals, Pharmaceuticals, and Cosmetic & Personal Care among others.
By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
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Regional Analysis
The Asia Pacific region, heading with the geographical topology, favorable for the production of Spirulina, dominates the global Spirulina Market. APAC is the largest producer and the consumer of this algae. Moreover, factors such as the well-spread awareness towards bio-based/ Ayurvedic medicines and their benefits drive the growth of the regional market.