Global Spirulina Market Outlook 2024: Major Players are Cyanotech, DIC Lifetech, Chr. Hansen Holding, GNC Holdings and DDW Colour - ResearchAndMarkets.com

DUBLIN--()--The "Global Spirulina Market (By Geography: North America, Asia Pacific & Europe) Market Outlook 2024" report has been added to ResearchAndMarkets.com's offering.

Spirulina is a natural blue-green colored micro-algae. It is one of the oldest life forms on Earth, with existence over millions of years. Naturally growing Spirulina is generally found in high alkaline lakes. It has been endowed with ability to withstand harsh climatic conditions, and gets temporarily dormant in the case of unfavorable weather conditions. It is a super food enriched with vitamins, proteins, antioxidants and other nutrients. It is powerhouse of protein with content of 50-70% by weight.

As a result of this, Spirulina has gained considerable popularity in human health food industry as nutritional supplement, natural food colorant, fertilized and as animal feed supplement. In addition to this, various new application areas of Spirulina have been gradually emerging, such as use in cosmetics, pharmaceuticals, biofuel, etc.

Global Spirulina market has been growing at a meteoric rate owing to its use as natural food colorant, growing affinity for super foods, demand for alternative plant protein, prevalence of malnutrition, government initiatives pertaining to production of Spirulina and use in animal husbandry. However, factors restraining growth of the industry includes high dependence of Spirulina on climatic conditions, lower stability of food color and need to adhere to food color regulation.

Major industry players operating in the global Spirulina market include Cyanotech Corporation, DIC Lifetech Co., Ltd., Chr. Hansen Holding A/S, GNC Holdings, Inc. and DDW Colour. These players are profiled herein based on attributes such as business overview, product segments and financial analysis. It also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global Spirulina market.

Market Dynamics

Industry Trends & Development

  • Biofuel Production using Spirulina
  • Spirulina Production Using Photo Bio Reactors (PBR)
  • Used as Nutraceutical Ingredient
  • Algae Bioplastics

Growth Drivers

  • High Demand for Natural Food Colors
  • Growing Affinity for Superfoods
  • Demand for Alternative Plant Protein
  • Prevalence of Malnutrition
  • Government Impetus
  • Use in Animal Husbandry

Challenges

  • Dependent on Climatic Conditions
  • Lower Stability of Color
  • Adhere to Food Color Regulation

Companies Mentioned

  • Cyanotech Corporation
  • DIC Lifetech Co., Ltd.
  • Chr. Hansen Holding A/S
  • GNC Holdings, Inc.
  • DDW Colour

For more information about this report visit https://www.researchandmarkets.com/research/c2zwrk/global_spirulina?w=4

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Related Topics: Vitamins and Dietary Supplements

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Vitamins and Dietary Supplements