Spirulina Extracts Market
Market Insights on Spirulina Extracts covering sales outlook, demand forecast & up-to-date key trends
Spirulina Extracts Market By Nature (Organic, Conventional), Application (Beverage, Bakery, Snacks, & Cereal, Candy / Confectionery, Dairy, Fruit Preparations / Fillings, Meat, Poultry, Fish, & Eggs, Potatoes, Pasta, & Rice, Sauces, Soups, & Dressings, Seasonings, Pet Food) & Region - Forecast to 2021 - 2031
Spirulina Extract Market Snapshot
[250 Pages Report] Sales of spirulina extract are expected to grow steadily, reaching a total valuation of US$ 42, Mn in 2021. Demand for spirulina extract is expected to grow at a 14.6% CAGR over the assessment period, according to Future Market Insights (FMI).
Rising health concerns about food are pushing demand for clean label food products and ingredients. With consistent innovations in spirulina-based products and their applications in various end-use industries, high growth of the market is on card. In addition to this, FMI has projected the conventional spirulina extract segment to hold 80.3% of the total market share in 2021.
|
Base year (2020) Market Value |
US$ 36.9 Mn |
|
Projected year (2021) Market Value |
US$ 42 Mn |
|
Projected year (2031) Market Value |
US$ 163 Mn |
|
CAGR% (2021-2031) |
14.6% CAGR |
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2016-2020 Spirulina Extract Market Outlook Compared to 2021-2031 Forecast
Demand for spirulina extract was driven by consistent efforts to develop healthier and natural food colors for various food and beverage products between 2016 and 2020. These developments have enabled manufacturers to launch novel varieties of confectionaries, seasonings, dairy products and pet food, resulting in high demand for spirulina extract.
As per FMI, the market grew at 14.1% CAGR between 2016 and 2020, and is anticipated to grow at a CAGR of 14.6% during the forecast period of 2021-31.
Spirulina extract is mostly used in the preparation of flavored juices and beverages, as well as bakery, snacks, and cereal. Today, demand for spirulina is majorly driven by the food and beverage industry.
Furthermore, shifting consumer preference for healthier food ingredients is anticipated to fuel sales of spirulina extract over the forecast period. Consumers are seeking products with natural ingredients, no artificial flavors and additives and preservatives.
This is indicative of lucrative growth prospects for key spirulina extract producers. Besides this, rising consumer awareness about the nutritional benefits of spirulina extract is projected to boost demand for natural food colors, resulting in increasing sales of spirulina extract in the forthcoming years.
Despite the extensive range of benefits of spirulina extract, it has some limitations, such as it may contain toxins, might interfere with blood clotting and is harmful for people with phenylketonuria, as it might act as an allergen for some customers.
How is Applications of Spirulina in Nutraceutical Aiding Market Growth?
Spirulina extract is considered a superfood as it contains high amounts of protein which is equal to protein levels of an egg. The blue-green alga or spirulina extract contains high levels of B vitamins, fatty acids, polysaccharides, and minerals. It also contains a whole spectrum of natural antioxidants and phytopigments such as carotenoids, xanthophylls, and chlorophylls.
Organic spirulina extract powder helps to boost immunity, maintain healthy cardiovascular function, enhances digestion, reduces fatigue, and builds endurance. It is a natural detoxifier which cleanses the body and lifts up energy levels, which makes it a vital ingredient in the nutraceutical, which is turn is driving sales of spirulina extract.
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Talk to AnalystRising Popularity of Spirulina in Personal Care and Cosmetics to Influence Sales
Spirulina extract has the potency to be a bioactive ingredient in the development of safe and efficacious cosmetic products. Both academics and corporate researchers have investigated the beneficial properties of spirulina products in recent years. Spirulina extract contains a variety of synergistically acting components, including peptides, polyunsaturated, vitamins, minerals, and antioxidant phytonutrients, all of which contribute to a healthy formulation.
Spirulina is currently used in topical skin-care formulations as a moisturizing, anti-aging, anti-wrinkle, antiphlogistic and anti-acne agent. Moreover, skincare manufacturers use this microalga to promote healthy sun protection, treat skin pigmentation disorders, and heal wounds. Most commercial cosmetics that incorporate spirulina offer a wide range of benefits such as antioxidant properties, revitalizing, moisturizing, protecting, as well as detoxifying and shining action for skin and hair.
Spirulina extract improves the hydrolipidic character of the skin, revitalizes the skin tissue, thereby protecting and moisturizing the skin. The antioxidant potential of blue-colored cyanobacteria holds great significance in cosmetics. The pigment obtained from blue spirulina can be used as a natural colorant in products such as eyeliners, eyeshadows, and lipsticks.
For example, spirulina extracts are used as a skin softener and moisturizing agent in Iraya algae body serum by Nykaa E-Retail Pvt. Ltd. (India, nykaa.com). In addition to this, Aubrey Organics, Inc. offers a Blue Green Algae Hair Rescue Conditioning Mask derived from cyanobacterial protein concentrates that help in hair enhancement, prevention and treatment of damage and split ends.
Owing to these factors, sales of spirulina extract are anticipated to increase in the personal care and cosmetics industries over the assessment period.
Country-wise Insights
How Will Sales of Spirulina Extract Fare Across the U.S.?
As per FMI, North America is expected to be one of the most lucrative markets over the assessment period. The spirulina market in the U.S. is expected to reach US$ 55.7 Mn by 2031.
Consumers in the U.S. are becoming more conscious about the ingredients used in bakery products and the source of the ingredients used. Consumers’ preference for chemical-free bakery and confectionary foods is spurring demand for spirulina extract in the North America market.
What is Driving Demand for Spirulina Extract in Japan?
The Japan spirulina extract market is expected to register strong growth over the forecast period. With a favorable demand outlook from the personal care industry, sales are projected to grow at a CAGR of 15.1% by 2031. Moreover, Japanese firms are aiming to produce spirulina extract in bulk to meet alternative protein demand spurred by the vegan and health-conscious population in the country.
For instance, Innovation Network Corporation of Japan and Mitsubishi Corporation have invested 1.7 Bn Yen in spirulina manufacturing, as spirulina is considered as a vital source of protein, as it has 65% of protein on a dry weight basis. These trends are anticipated to provide impetus to spirulina sales over the forecast period.
What are the Growth Prospects of the Spirulina Extract Market in Germany?
In Germany, manufacturers are engaging in expanding spirulina extract production facilities and investing in R&D to enhance product portfolios, in response to growing demand for spirulina extract in the country.
Sales are estimated to grow at a CAGR of 12.6%, with the market valuation surpassing US$ 9 Mn by the year 2031.
Why is China Considered a Lucrative Spirulina Extract Market?
The China market is estimated to grow at a CAGR of 16.7% during the forecast period of 2021-31. China is one of the leading producers of spirulina, producing more than one-fourth of the total microalgae produce. Growing application of spirulina extract in food sector will create huge opportunity in China.
Will India Continue Exhibiting High Demand for Spirulina Extract?
According to FMI’s analysis, the spirulina extract market in India is estimated to expand at a CAGR of 16.0% over the forecast period of 2021-31.
India is a one of the leading producers of natural food colors including spirulina extract. Increasing applications of ready-to-eat meals, along with emergence of new regional market entrants is anticipated to continue boosting sales of spirulina extract in India over the forecast period.
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Category-wise Insights
Which Nature of Spirulina Extract is High in Demand Globally?
In terms of nature, the conventional spirulina extract segment is projected to dominate the category segment, with a market share of 80.3% in 2021. Sales of conventional spirulina extract are projected to grow exponentially over the assessment period of 2021-31.
Moreover, safety, flavor and nutritional value associated with spirulina extract are propelling the usage of different spirulina extract in various food products such as food, beverages, meat and meat alternative products and pet foods.
Will the Candy and Confectionary Segment Remain Dominant in term of Application?
The candy and confectionary segment is anticipated to account for a market share of 24.8% in 2021. Growing applications of spirulina extract in the candy and confectionary sector, especially in candies, gummies and chocolates will continue augmenting market growth in the upcoming years. Rising preference for natural food ingredients for health and wellbeing among millennials is anticipated to spur demand for spirulina extract over the assessment period.
Competitive Landscape
Food manufacturers operating in the spirulina extract market are actively investing in research and innovation and technical advancements in response to growing customer demand for natural food colours. Companies are increasing their manufacturing capability through strategic collaborations, acquisitions and mergers.. Manufacturers are also focusing on strengthening distribution channels in way to attain a broader customer base. For instance,
- In 2019, Naturex S.A. extended its variety of food colourings with the adding of a new extraction plant for blue spirulina in France. Naturex's plans to increase its manufacturing capacity is intended to address the growing global demand for clean-label blues and greens.
- Sensient Food Colors Europe developed proprietary spirulina blue extraction technology, that conforms with both new EU Guidance Notes and FDA quality standards. Owing to this, Sensient has made an investment in a dedicated spirulina blue production line at its Corte Tegge, Italy, facility which specialises in the processing and concentration of aqueous extracts. This latest investment enables the company to cater to growing demand from end use industries.
Scope of Report
|
Attribute |
Details |
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Forecast Period |
2021-2031 |
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Historical Data Available for |
2016-2020 |
|
Market Analysis |
USD Thousand for Value |
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Key Countries Covered |
US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
|
Key Segments Covered |
Nature, Applications, Products Type and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
|
Customization & Pricing |
Available upon Request |
Spirulina Extract Market by Category
By Nature:
- Organic
- Conventional
By Application:
- Beverage
- Milk Drinks & Milk Alternatives
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks)
- Sports Drinks
- Coffee & Cocoa
- Tea
- Energy Drink
- Juice Based Drinks
- Flavored water
- Enhanced Water
- Sparkling Waters
- Bakery, Snacks, & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies
- Biscuits & Cones
- Frosting / Icing
- Crackers & Savory Snacks
- Candy / Confectionery
- Panned Candy
- Chocolate & Compound Coating
- Gummies
- Chewing Gum
- Jellies & Licorice
- Sprinkles & Sugar
- Hard Candies / Boiled Sweets
- Dairy
- Cheese
- Ice Cream
- Milk Drinks & Milk Alternatives
- Pudding / Custard
- Dips & Spreads
- Yogurt
- Fruit Preparations / Fillings
- Meat, Poultry, Fish, & Eggs
- Casings
- Egg & Egg Substitute
- Fish / Seafood
- Jerky
- Meat Substitute
- Processed Meat & Poultry
- Potatoes, Pasta, & Rice
- Pasta
- Potato Chips / Crisps
- Processed Potatoes
- Rice
- Sauces, Soups, & Dressings
- Asian Sauces
- Barbecue & Steak Sauce
- Condiments
- Gravy / Dry Sauce Mix
- Marinade
- Oils & Dressings
- Seasonings
- Batter
- Breading and Coating
- Bouillon / Soup Base / Stock
- Liquid Smoke
- Spice Blends / Dry Seasonings
- Pet Food
- Extruded / Dry Pet Food
- Snacks / Treats
- Wet Food
By region:
- North America
- Latin America
- EMEAI
- Asia Pacific
Frequently Asked Questions
The global spirulina extract market is anticipated to reach a valuation of US$ 42 Mn in 2021.
Sales of spirulina extract have grown at 14.1% CAGR between 2016 and 2020.
Key trends driving spirulina extract sales include rising application in cosmetics, protein supplements, coupled with growing preference for plant-based ingredients in and food products and beverages.
Demand for spirulina extract in North America is anticipated to surge at a steady pace, and is hold more than 45% of the global spirulina extract market in 2021.
Greece, Japan, India, the U.S. and Spain are the key producer of spirulina extract in the world.
The U.S., Brazil, the U.K., China and India are key exporters of spirulina extract in the global market.
The U.S., India, Germany, France, and China are the top countries which are driving the growth of global spirulina extract market.
Prominent players include Royal DSM, Algene Biotech, BASF, FMC Corporation, Chr. Hansen A/S, Cyanotech Corporation, Dohler Group, DDW - the Color House, Japan Algae Co., Ltd, DIC Corporation- Earthrise Nutritionals, Fiorio Colori S.p.A, Naturex SA, Solazyme, Aller Aqua, C.B.N. Spirulina Canada Co., Ltd, Hydro Linea Biotech, and Sensient Technologies Corporation.
Japan and South Korea are anticipated to hold 18.7% and 5.7% of the global spirulina extract market in 2031.
1. Market Overview
1.1. Market Coverage / Taxonomy
1.2. Market Definition / Scope / Limitations
2. Scenario Assessment of the Impact of COVID-19 on Spirulina Extract Market
2.1. Global Spirulina Extract Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2021-2023) and Long Term (2024-2031)
2.1.1. Optimistic Scenario
2.1.1.1. China
2.1.1.2. US
2.1.1.3. EMEAI
2.1.1.4. Asia Pacific
2.1.2. Likely Scenario
2.1.2.1. China
2.1.2.2. US
2.1.2.3. EMEAI
2.1.2.4. Asia Pacific
2.1.3. Pessimistic Scenario
2.1.3.1. China
2.1.3.2. US
2.1.3.3. EMEAI
2.1.3.4. Asia Pacific
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.2. Macro-Economic Factors
3.2.1. Global GDP Growth Outlook
3.2.2. Global Industry Value Added
3.3. Forecast Factors - Relevance & Impact
4. Policy Developments and Regulatory Scenario
4.1. Key Regulations
4.2. Spirulina Extract Regulations Around the World
4.3. Label Claims: Overview
5. Value Chain Analysis
5.1. Supply Chain Analysis
5.2. Operating Margins
5.3. An Evaluation from Value Chain to Value Network
5.4. List of Active Market Participants
6. Global Spirulina Extract Market - Pricing Analysis
6.1. Regional Pricing Analysis (US$/Metric Tons) By Nature
6.2. Pricing Break-up
6.2.1. Manufacturer Level Pricing
6.2.2. Distributor Level Pricing
6.3. Global Average Pricing Analysis Benchmark
7. Global Spirulina Extract Market Analysis and Forecast, 2016-2031
7.1. Historical Market Value & Volume (Metric Tons) Analysis, 2016-2020
7.2. Current and Future Market Value & Volume (Metric Tons) Forecast, 2021-2031
7.3. Y-o-Y Growth Trend Analysis
8. Global Spirulina Extract Market Analysis 2016-2020 and Forecast 2021-2031, By Nature
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$’ 000) and Volume Analysis By Nature, 2016 - 2020
8.3. Current and Future Market Size (US$’ 000) and Volume Analysis and Forecast By Nature, 2021 - 2031
8.3.1. Organic
8.3.2. Conventional
8.4. Market Attractiveness Analysis By Nature
9. Global Spirulina Extract Market Analysis 2016-2020 and Forecast 2021-2031, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$’ 000) and Volume Analysis By Applications, 2016 - 2020
9.3. Current and Future Market Size (US$’ 000) and Volume Analysis and Forecast By Applications, 2021 - 2031
9.3.1. Beverage
9.3.2. Bakery, Snacks, & Cereal
9.3.3. Candy / Confectionery
9.3.4. Dairy
9.3.5. Fruit Preparations / Fillings
9.3.6. Meat, Poultry, Fish, & Eggs
9.3.7. Potatoes, Pasta, & Rices
9.3.8. Sauces, Soups, & Dressings
9.3.9. Seasonings
9.3.10. Pet Food
9.4. Market Attractiveness Analysis By Applications
10. Global Spirulina Extract Market Analysis 2016-2020 and Forecast 2021-2031, By Region
10.1. Introduction
10.2. Historical Market Size (US$’ 000) and Volume Analysis By Region, 2016 - 2020
10.3. Current Market Size (US$’ 000) and Volume Analysis and Forecast By Region, 2021 - 2031
10.3.1. North America
10.3.2. Latin America
10.3.3. EMEAI
10.3.4. Asia Pacific
10.4. Market Attractiveness Analysis By Region
11. North America Spirulina Extract Market Analysis 2016-2020 and Forecast 2021-2031
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$’ 000) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020
11.4. Market Size (US$’ 000) and Volume Forecast By Market Taxonomy, 2021 - 2031
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.1.3. Mexico
11.4.2. By Nature
11.4.3. By Applications
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Nature
11.5.3. By Applications
11.6. Market Trends
11.7. Key Market Participants - Intensity Mapping
11.8. Drivers and Restraints - Impact Analysis
12. Latin America Spirulina Extract Market Analysis 2016-2020 and Forecast 2021-2031
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$’ 000) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020
12.4. Market Size (US$’ 000) and Volume Forecast By Market Taxonomy, 2021 - 2031
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Peru
12.4.1.3. Argentina
12.4.1.4. Chili
12.4.1.5. Colombia
12.4.1.6. Rest of Latin America
12.4.2. By Nature
12.4.3. By Applications
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Nature
12.5.3. By Applications
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping
12.8. Drivers and Restraints - Impact Analysis
13. Europe + Middle East & Africa + India (EMEAI) Spirulina Extract Market Analysis 2016-2020 and Forecast 2021-2031
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$’ 000) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020
13.4. Market Size (US$’ 000) and Volume Forecast By Market Taxonomy, 2021 - 2031
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. Italy
13.4.1.3. France
13.4.1.4. UK
13.4.1.5. Spain
13.4.1.6. India
13.4.1.7. GCC countries
13.4.1.8. South Africa
13.4.1.9. Rest of EMEAI
13.4.2. By Nature
13.4.3. By Applications
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Nature
13.5.3. By Applications
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Asia Pacific Spirulina Extract Market Analysis 2016-2020 and Forecast 2021-2031
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$’ 000) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020
14.4. Market Size (US$’ 000) and Volume Forecast By Market Taxonomy, 2021 - 2031
14.4.1. By Country
14.4.1.1. ANZ
14.4.1.2. SEA
14.4.1.3. China
14.4.1.4. Japan
14.4.1.5. South Korea
14.4.2. By Nature
14.4.3. By Applications
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Nature
14.5.3. By Applications
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Market Structure Analysis
15.1. Market Analysis by Tier of Companies
15.2. Market Concentration
15.3. Market Share Analysis of Top Players
15.4. Market Presence Analysis
15.4.1. By Regional Footprint of Players
15.4.2. Product Footprint by Players
15.4.3. Channel Footprint by Players
16. Competition Analysis
16.1. Competition Dashboard
16.2. Pricing Analysis by Competition
16.3. Competition Benchmarking
16.4. Competition Deep Dive (Tentative List)
16.4.1. Allied Biotech Corporation
16.4.1.1. Overview
16.4.1.2. Product Portfolio
16.4.1.3. Profitability by Market Segments (Product/Channel/Region)
16.4.1.4. Sales Footprint
16.4.1.5. Strategy Overview
16.4.1.5.1. Marketing Strategy
16.4.1.5.2. Product Strategy
16.4.1.5.3. Channel Strategy
16.4.2. Archer Daniels Midland Company
16.4.2.1. Overview
16.4.2.2. Product Portfolio
16.4.2.3. Profitability by Market Segments (Product/Channel/Region)
16.4.2.4. Sales Footprint
16.4.2.5. Strategy Overview
16.4.2.5.1. Marketing Strategy
16.4.2.5.2. Product Strategy
16.4.2.5.3. Channel Strategy
16.4.3. DIC Corporation (BASF SE)
16.4.3.1. Overview
16.4.3.2. Product Portfolio
16.4.3.3. Profitability by Market Segments (Product/Channel/Region)
16.4.3.4. Sales Footprint
16.4.3.5. Strategy Overview
16.4.3.5.1. Marketing Strategy
16.4.3.5.2. Product Strategy
16.4.3.5.3. Channel Strategy
16.4.4. BioconColours
16.4.4.1. Overview
16.4.4.2. Product Portfolio
16.4.4.3. Profitability by Market Segments (Product/Channel/Region)
16.4.4.4. Sales Footprint
16.4.4.5. Strategy Overview
16.4.4.5.1. Marketing Strategy
16.4.4.5.2. Product Strategy
16.4.4.5.3. Channel Strategy
16.4.5. DDW, The Colour House
16.4.5.1. Overview
16.4.5.2. Product Portfolio
16.4.5.3. Profitability by Market Segments (Product/Channel/Region)
16.4.5.4. Sales Footprint
16.4.5.5. Strategy Overview
16.4.5.5.1. Marketing Strategy
16.4.5.5.2. Product Strategy
16.4.5.5.3. Channel Strategy
16.4.6. Döhler Group
16.4.6.1. Overview
16.4.6.2. Product Portfolio
16.4.6.3. Profitability by Market Segments (Product/Channel/Region)
16.4.6.4. Sales Footprint
16.4.6.5. Strategy Overview
16.4.6.5.1. Marketing Strategy
16.4.6.5.2. Product Strategy
16.4.6.5.3. Channel Strategy
16.4.7. GNT International B.V.
16.4.7.1. Overview
16.4.7.2. Product Portfolio
16.4.7.3. Profitability by Market Segments (Product/Channel/Region)
16.4.7.4. Sales Footprint
16.4.7.5. Strategy Overview
16.4.7.5.1. Marketing Strategy
16.4.7.5.2. Product Strategy
16.4.7.5.3. Channel Strategy
16.4.8. Kalsec Inc.
16.4.8.1. Overview
16.4.8.2. Product Portfolio
16.4.8.3. Profitability by Market Segments (Product/Channel/Region)
16.4.8.4. Sales Footprint
16.4.8.5. Strategy Overview
16.4.8.5.1. Marketing Strategy
16.4.8.5.2. Product Strategy
16.4.8.5.3. Channel Strategy
16.4.9. DSM
16.4.9.1. Overview
16.4.9.2. Product Portfolio
16.4.9.3. Profitability by Market Segments (Product/Channel/Region)
16.4.9.4. Sales Footprint
16.4.9.5. Strategy Overview
16.4.9.5.1. Marketing Strategy
16.4.9.5.2. Product Strategy
16.4.9.5.3. Channel Strategy
16.4.10. Naturex S.A.
16.4.10.1. Overview
16.4.10.2. Product Portfolio
16.4.10.3. Profitability by Market Segments (Product/Channel/Region)
16.4.10.4. Sales Footprint
16.4.10.5. Strategy Overview
16.4.10.5.1. Marketing Strategy
16.4.10.5.2. Product Strategy
16.4.10.5.3. Channel Strategy
16.4.11. ROHA ( A JJT Group Company)
16.4.11.1. Overview
16.4.11.2. Product Portfolio
16.4.11.3. Profitability by Market Segments (Product/Channel/Region)
16.4.11.4. Sales Footprint
16.4.11.5. Strategy Overview
16.4.11.5.1. Marketing Strategy
16.4.11.5.2. Product Strategy
16.4.11.5.3. Channel Strategy
16.4.12. San-Ei Gen F.F.I., Inc.
16.4.12.1. Overview
16.4.12.2. Product Portfolio
16.4.12.3. Profitability by Market Segments (Product/Channel/Region)
16.4.12.4. Sales Footprint
16.4.12.5. Strategy Overview
16.4.12.5.1. Marketing Strategy
16.4.12.5.2. Product Strategy
16.4.12.5.3. Channel Strategy
16.4.13. Sensient Colours LLC.
16.4.13.1. Overview
16.4.13.2. Product Portfolio
16.4.13.3. Profitability by Market Segments (Product/Channel/Region)
16.4.13.4. Sales Footprint
16.4.13.5. Strategy Overview
16.4.13.5.1. Marketing Strategy
16.4.13.5.2. Product Strategy
16.4.13.5.3. Channel Strategy
16.4.14. Symrise AG
16.4.14.1. Overview
16.4.14.2. Product Portfolio
16.4.14.3. Profitability by Market Segments (Product/Channel/Region)
16.4.14.4. Sales Footprint
16.4.14.5. Strategy Overview
16.4.14.5.1. Marketing Strategy
16.4.14.5.2. Product Strategy
16.4.14.5.3. Channel Strategy
16.4.15. Chr. Hansen Holding A/S
16.4.15.1. Overview
16.4.15.2. Product Portfolio
16.4.15.3. Profitability by Market Segments (Product/Channel/Region)
16.4.15.4. Sales Footprint
16.4.15.5. Strategy Overview
16.4.15.5.1. Marketing Strategy
16.4.15.5.2. Product Strategy
16.4.15.5.3. Channel Strategy
17. Assumptions and Acronyms Used
18. Research Methodology
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Table 1: Global Spirulina Extract Market Value (US$' 000) and Forecast by Region, 2016–2020
Table 2: Global Spirulina Extract Market Value (US$' 000) and Forecast by Region, 2021–2031
Table 3: Global Spirulina Extract Market Volume (Metric Tons) and Forecast by Region, 2016–2020
Table 4: Global Spirulina Extract Market Volume (Metric Tons) and Forecast by Region, 2021–2031
Table 5: Global Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2016–2020
Table 6: Global Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2021–2031
Table 7: Global Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2016–2020
Table 8: Global Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2021–2031
Table 9: Global Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2016–2020
Table 10: Global Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2021–2031
Table 11: Global Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2016–2020
Table 12: Global Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2021–2031
Table 17: North America Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2016–2020
Table 18: North America Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2021–2031
Table 19: North America Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2016–2020
Table 20: North America Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2021–2031
Table 21: North America Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2016–2020
Table 22: North America Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2021–2031
Table 23: North America Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2016–2020
Table 24: North America Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2021–2031
Table 25: North America Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2016–2020
Table 26: North America Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2021–2031
Table 27: North America Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2016–2020
Table 28: North America Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2021–2031
Table 29: Latin America (Ex. Mexico) Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2016–2020
Table 30: Latin America (Ex. Mexico) Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2021–2031
Table 31: Latin America (Ex. Mexico) Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2016–2020
Table 32: Latin America (Ex. Mexico) Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2021–2031
Table 33: Latin America (Ex. Mexico) Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2016–2020
Table 34: Latin America (Ex. Mexico) Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2021–2031
Table 35: Latin America (Ex. Mexico) Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2016–2020
Table 36: Latin America (Ex. Mexico) Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2021–2031
Table 37: Latin America (Ex. Mexico) Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2016–2020
Table 38: Latin America (Ex. Mexico) Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2021–2031
Table 39: Latin America (Ex. Mexico) Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2016–2020
Table 40: Latin America (Ex. Mexico) Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2021–2031
Table 41: Europe Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2016–2020
Table 42: Europe Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2021–2031
Table 43: Europe Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2016–2020
Table 44: Europe Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2021–2031
Table 45: Europe Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2016–2020
Table 46: Europe Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2021–2031
Table 47: Europe Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2016–2020
Table 48: Europe Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2021–2031
Table 49: Europe Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2016–2020
Table 50: Europe Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2021–2031
Table 51: Europe Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2016–2020
Table 52: Europe Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2021–2031
Table 53: Asia Pacific Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2016–2020
Table 54: Asia Pacific Spirulina Extract Market Value (US$' 000) and Forecast by Country, 2021–2031
Table 55: Asia Pacific Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2016–2020
Table 56: Asia Pacific Spirulina Extract Market Volume (Metric Tons) and Forecast by Country, 2021–2031
Table 57: Asia Pacific Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2016–2020
Table 58: Asia Pacific Spirulina Extract Market Value (US$' 000) and Forecast by Nature, 2021–2031
Table 59: Asia Pacific Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2016–2020
Table 60: Asia Pacific Spirulina Extract Market Volume (Metric Tons) and Forecast by Nature, 2021–2031
Table 61: Asia Pacific Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2016–2020
Table 62: Asia Pacific Spirulina Extract Market Value (US$' 000) and Forecast by Application, 2021–2031
Table 63: Asia Pacific Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2016–2020
Table 64: Asia Pacific Spirulina Extract Market Volume (Metric Tons) and Forecast by Application, 2021–2031
Find your sweet spots for generating winning opportunities in this market.
Talk to AnalystFigure 01: Global Spirulina Extract Market Size (US$ '000), Volume (Metric Tons), and Incremental $ Opportunity (US$ '000), 2016-2031
Figure 02: Global Spirulina Extract Market Share and BPS Analysis by Nature – 2021 & 2031
Figure 03: Global Spirulina Extract Market Attractiveness Analysis by Nature, 2021-2031
Figure 04: Global Spirulina Extract Market Conventional Incremental $ Opportunity, 2020-2031
Figure 05: Global Spirulina Extract Market Organic Incremental $ Opportunity, 2020-2031
Figure 06: Global Spirulina Extract Market Share and BPS Analysis by Applications – 2021 & 2031
Figure 07: Global Spirulina Extract Market Attractiveness Analysis by Applications, 2021-2031
Figure 08: Global Spirulina Extract Market Beverage Incremental $ Opportunity, 2020-2031
Figure 09: Global Spirulina Extract Market Bakery, Snacks, & Cereal Incremental $ Opportunity, 2020-2031
Figure 10: Global Spirulina Extract Market Candy / Confectionery Incremental $ Opportunity, 2020-2031
Figure 11: Global Spirulina Extract Market Dairy Incremental $ Opportunity, 2020-2031
Figure 12: Global Spirulina Extract Market Fruit Preparations / Fillings Incremental $ Opportunity, 2020-2031
Figure 13: Global Spirulina Extract Market Meat, Poultry, Fish, & Eggs Incremental $ Opportunity, 2020-2031
Figure 14: Global Spirulina Extract Market Potatoes, Pasta, & Rice Incremental $ Opportunity, 2020-2031
Figure 15: Global Spirulina Extract Market Sauces, Soups, & Dressings Incremental $ Opportunity, 2020-2031
Figure 16: Global Spirulina Extract Market Seasonings Incremental $ Opportunity, 2020-2031
Figure 17: Global Spirulina Extract Market Pet Food Incremental $ Opportunity, 2020-2031
Figure 18: Global Spirulina Extract Market Share and BPS Analysis by Applications – 2021 & 2031
Figure 19: Global Spirulina Extract Market Attractiveness Analysis by Applications, 2021-2031
Figure 20: Global Spirulina Extract Market Spirulina Incremental $ Opportunity, 2020-2031
Figure 21: Global Spirulina Extract Market Value Share (%) and BPS Analysis by Region, 2016, 2021 & 2031
Figure 22: Global Spirulina Extract Market Y-o-Y Growth (%) Projections by Segment, 2021-2031
Figure 23: North America Spirulina Extract Market Value (US$ '000), Volume (MT) Forecast and Analysis, 2021-2031
Figure 24: U.S. Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 25: Canada Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 26: Mexico Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 27: North America Spirulina Extract Market Attractiveness Analysis by Nature, 2021-2031
Figure 28: North America Spirulina Extract Market Attractiveness Analysis by Application, 2021-2031
Figure 29: Latin America Spirulina Extract Market Value (US$ '000), Volume (MT) Forecast and Analysis, 2021-2031
Figure 30: Brazil Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 31: Peru Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 32: Argentina Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 33: Chili Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 34: Colombia Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 35: Rest of Latin America Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 36: Latin America Spirulina Extract Market Attractiveness Analysis by Nature, 2021-2031
Figure 37: Latin America Spirulina Extract Market Attractiveness Analysis by Application, 2021-2031
Figure 38: EMEAI Spirulina Extract Market Value (US$ '000), Volume (MT) Forecast and Analysis, 2021-2031
Figure 39: Germany Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 40: Italy Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 41: France Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 42: UK Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 43: Spain Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 44: India Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 45: GCC Countries Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 46: South Africa Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 47: Rest of EMEAI Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 48: EMEAI Spirulina Extract Market Attractiveness Analysis by Nature, 2021-2031
Figure 49: EMEAI Spirulina Extract Market Attractiveness Analysis by Application, 2021-2031
Figure 50: Asia Pacific Spirulina Extract Market Value (US$ '000), Volume (MT) Forecast and Analysis, 2021-2031
Figure 51: ANZ Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 52: SEA Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 53: Japan Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 54: China Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 55: South Korea Spirulina Extract Market Incremental $ Opportunity, 2021-2031
Figure 56: Asia Pacific Spirulina Extract Market Attractiveness Analysis by Nature, 2021-2031
Figure 57: Asia Pacific Spirulina Extract Market Attractiveness Analysis by Application, 2021-2031
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