Spirulina Market to Reach a Market Size of $651 Million by 2025 - KBV Research
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The Nutraceuticals market dominated the Global Spirulina Market by Application in 2018, , growing at a CAGR of 9.7 % during the forecast period. The Cosmetics market is expected to witness a CAGR of 12.8% during (2019 - 2025). Spirulina is also majorly being used in the food & beverage sector as it contains a high content of natural pigments which imparts blue color and is combined with other colors to obtain new customized colors like lavender, violet, and green. It also finds its major application in the cosmetic & personal care industry.
The Powder market dominated the Global Spirulina Market by Drug Formulation in 2018, growing at a CAGR of 9.9 % during the forecast period. The Tablet & Capsule market is expected to witness highest CAGR of 10.1% during (2019 - 2025).
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The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
Global Spirulina Market Segmentation
By Type
By Application
By Drug Formulation
By Geography
Companies Profiled
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