North America 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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Market Report Description
The North America Spirulina Market would witness market growth of 9.9% CAGR during the forecast period (2019-2025). Spirulina represents a biomass of cyanobacteria that can be consumed by humans and other animals. Typically, there are two species of spirulina which are further processed for a wide range of applications including Arthrospiraplantensis and Anthrospira maxima. Arthrospira is cultivated worldwide and is used in dietary supplements and also a whole food. It is available in tablet and capsule, flakes, powder, and liquid form. Further, spirulina is also used as feed supplements in the aquarium, aquaculture, and poultry industries.
Launch of new varieties of natural food colors produced from spirulina, and various government initiatives relating to the production of spirulina are factors which would spur the spirulina market growth over the forecast period. The governments of developing countries are promoting the production of spirulina to make the market position strong, along with creating a decent income source for the rural population. The governments of several countries are also proactive in supporting the regional spirulina market and building a potential gateway for the development of this superfood, which can change the course of food.
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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
- 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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