LAMEA 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 Latin America, Middle East and Africa Spirulina Market would witness market growth of 11.66% CAGR during the forecast period (2019?2025).
The governments of many countries such as Angola, and Ghana 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. The skin and hair care market demands spirulina powder as an inclusion in various treatments, including anti-aging, wrinkles, grey hair, hair loss, and allergies. In the medical industry, spirulina powder is used in a range of treatments along with a number of pharmaceutical products.
A growing demand for natural ingredients, promotion of the spirulina production, and R&D activities for creating the microalgae as commercial products, has influenced the growth of the spirulina market. On the contrary, the effect on spirulina production with changes in climate has hindered obstructed the growth to some extent. However, untapped markets within the developing countries and development in cultivation technology are creating multiple opportunities for the market.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
- 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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