Asia Pacific Spirulina Market By Type (Arthrospira Platensis and Arthrospira Maxima), By Application (Nutraceuticals, Cosmetics, Food and Beverages, Animal Feed and Other Applications), By Drug Formulation (Powder, Tablet & Capsule, Liquid and Granule & Gelling Agent)
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The Asia Pacific Spirulina Market would witness market growth of 12% CAGR during the forecast period (2019-2025). Spirulina is rich in chlorophyll, phycocyanin, and beta-carotene and is often used as a source of natural color. Edible color Linablue, used in ice creams and confectionaries, is mainly produced from spirulina. Factors such as the introduction of new varieties of natural food colors produced from spirulina, natural health benefits of spirulina superfood, and several government initiatives for facilitating the production of spirulina, are expected to boost the growth of the global spirulina market over the forecast period. The governments of various countries have started promoting the production of spirulina to strengthen the market and create a decent income source for the rural population. The governments of many countries such as India, are actively supporting the local spirulina market and building a strong gateway for the development of this superfood which can change the course of food for the entire race.
Based on Type, the market is segmented into Arthrospira Platensis and Arthrospira Maxima Based on Application, the market is segmented into Nutraceuticals, Cosmetics, Food and Beverages, Animal Feed and Other Applications. Based on Drug Formulation, the market is segmented into Powder, Tablet & Capsule, Liquid and Granule & Gelling Agent. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cyanotech Corporation, DIC Corporation, Chr. Hansen Holding A/S, Algenol, LLC, Prolgae Spirulina Supplies Pvt. Ltd., Sensient Technologies Corporation, DDW, Inc., GNC Holdings, Inc., NOW Foods, Inc. and Sunrise Nutrachem Group Co. Ltd.
Scope of the Spirulina Market Analysis
- Arthrospira Platensis
- Arthrospira Maxima
- Food and Beverages
- Animal Feed
- Other Applications
By Drug Formulation
- Tablet & Capsule
- Granule & Gelling Agent
- South Korea
- Rest of Asia Pacific
- Cyanotech Corporation
- DIC Corporation
- Chr. Hansen Holding A/S
- Algenol, LLC
- Prolgae Spirulina Supplies Pvt. Ltd.
- Sensient Technologies Corporation
- DDW, Inc.
- GNC Holdings, Inc.
- NOW Foods, Inc.
- Sunrise Nutrachem Group Co. Ltd.
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