Global spirulina market to accelerate with the demand for natural food colourants and nutritional values:
Spirulina is one of the beneficial diet supplements for the humans and animals, which is prepared from natural blue-green algae called cyanobacteria. Available in tablets, flakes, powder and liquid, spirulina is having multiple benefits to the human body including its uses in the treatment of cancer, cardiovascular and other immunity-related diseases. Rich in proteins, nutrients, vitamins and antioxidants, spirulina is helpful in reducing the levels of LDL and triglyceride and exhibits anti-cancer properties. The spirulina market is expected to register a CAGR of 12.39% over the forecast period (2017-2025), reaching US$ 1,958.4 million by 2025.
Other than its medicinal benefits, spirulina is having a wide range of applications in the food and beverages industry as a natural colouring agent. Phycocyanin, a protein and primary pigment of spirulina imparts a blue colour to the product, which in combination with other colours produces customized colours like green, lavender and others. The antioxidants in spirulina are having the applications in cosmetic and beauty products market as an anti-ageing cream. Cognitive abilities and other physical abilities can be improved with the regular intake of spirulina.
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There are multiple factors boosting the growth of the global spirulina market such as the increasing malnutrition among children, growing demand for protein- and vitamin-rich food, use of spirulina as a natural food colour in the food and beverages industry, anti-ageing applications in the beauty products, use in the feed of animals, poultry, and aquatic creatures, increasing awareness about healthy living, rising disposable income of the population, government regulations and so on. However, the lack of awareness among the people, the limited availability of freshwater resources and favourable climatic conditions and the high process of the products are restricting the rapid expansion of the market in several developing nations.
Global Spirulina Market Geographical Analysis:
Based on geography, North America and the Asia Pacific account for the largest portion of the global spirulina market share due to the availability of appropriate climatic conditions, rapid urbanization, and growing healthcare awareness and spending of the population. The United States of America, Germany and Japan are the major consumers for the spirulina extracts. The strict government norms for the avoidance of artificial chemical colourants in the food will also support the market growth in Europe and North America.
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Global Spirulina Market Key Players:
Algene Biotech, Aller Aqua, BASF, Chr. Hansen A/S, Cyanotech Corporation, C.B.N. Spirulina Canada Co., Ltd, DDW – the Color House, DIC Corporation- Earthrise Nutritionals, Dohler Group, Fiorio Colori S.p.A, FMC Corporation, Hydro Linea Biotech, Naturex SA, Royal DSM, Sensient Technologies Corporation, and Solazyme are some of the leading companies in the global market.
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