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As Per Research Report, The Spirulina Market size was estimated to be worth 2.3 billion dollars in 2021, and it is predicted to be worth 4.2 billion dollars by the end of 2027. During the projection period of 2022 to 2027, the global market is expected to grow at a CAGR of 10.2 %.
Spirulina is a tiny cyanobacteria filament that gets its name from the spiral or spiral filament structure. Humans have utilised this spirulina as a source of protein and vitamin supplements with no major negative effects. It contains more than 70% protein, as well as vitamins, pro-vitamin A, and minerals, including iron. Spirulina has anti-inflammatory, antioxidant, hyperlipidemic, and beta-carotene effects. Because of its superior qualities, it gives health benefits such as lower cholesterol and blood pressure. Spirulina is a multicellular, filamentous turquoise microalgae that develops in alkaline waters in warm climates’ lakes, ponds, and rivers. This microalgae is easy to harvest and prepare, and it contains a good amount of macro and micronutrients. In developing and developing countries, such as India and Africa, where malnutrition is prevalent, the usage of spirulina as a protein supplement and healthy food for human health has gained substantial favour in the human health food sector. This microalga can also be utilised as a dietary element in chicken feed, and it’s becoming more popular as a fish protein and vitamin supplement.
Spirulina is one of the oldest forms of life on the world, producing oxygen for the planet’s atmosphere. It is regarded as a superfood and one of the world’s most nutrient-dense foods. Between 55 and 70% protein, eight essential and ten non-essential amino acids, chlorophyll, beta-carotene, DNA & RNA nuclear acids, and other vital gamma-linolenic acids are found in it.
The widespread usage of spirulina powder in the food and beverage industries is driving up global demand for the powder. Spirulina is a cyanobacterium that thrives in both salt and freshwater and is part of the turquoise algae or single-celled microorganisms group. Powdered spirulina is utilised in a variety of industries. As a result, the worldwide spirulina powder market has a diverse customer base that contributes to the industry’s overall success. Spirulina has roughly 1 gramme of fat per tablespoon, which includes omega-3 and omega-6 fatty acids.
Furthermore, spirulina is high in protein, and its protein quality is comparable to that of eggs. Because one tablespoon of spirulina powder and 11 percent iron contains 4 g of protein, it is regarded very beneficial to the human body. Vitamins B1, B2, and B3 are also present in spirulina. The spirulina market is likely to develop faster in the future as demand for cyanobacteria grows, as it helps people lose weight and as the number of health clubs and gyms grows. Cyanobacteria’s health benefits led to its inclusion in sweets, smoothies, juices, salads, and breakfasts. Spirulina powder is used in a number of skin and hair care products, including anti-aging, wrinkles, grey hair, hair loss, and allergies. Spirulina powder is used in a variety of medical treatments with a variety of drugs. Consumers will soon grasp the health benefits of spirulina superfood and the numerous natural colours created by spirulina, hence the global spirulina market is expected to take off in the near future. Furthermore, national governments such as India and South Africa are promoting spirulina production, citing the health advantages as a reason to help the spirulina industry flourish. On the contrary, market actors are expected to benefit from underdeveloped markets in developing countries. The influence of driving variables is predicted to outweigh the constraint’s effect.
The global Spirulina Market segmentation include:
On the basis of type, the arthrospira platensis category has the largest market share. The Arthrosporic Platensis category was the largest contributor to revenues in 2018 and is likely to be dominant during the forecast period due to reasons such as increased healthcare and the inclusion of spirulina into diets as superfoods worldwide
The neutraceuticals business is expected to take a significant market share and dominate the overall spirulina market in the next years. This is due to the growing popularity of natural alternatives to standard medications in the fields of nutrition and health care.
Spirulina is also commonly used in food and beverages due to its high natural colour content, which gives the colour blue and may be blended with other colours to create new personalised hues like lavender, violet, and yellow. It is also widely used in the cosmetics and personal care industry. It’s also popular in cosmetics and personal care items, particularly anti-aging creams.
https://www.marketdataforecast.com/market-reports/spirulina-market
North America was the largest source of revenue for the global spirulina market in 2018, and this trend is expected to continue throughout the forecast period. Due to ideal climatic conditions and a wide range of products, North America and Europe are the top producers of spirulina extract. Taking into account developments in regulated markets and modifications implemented by key market players, the North American spirulina extract market reveals the United States as the main country and Canada as a dynamic market. The chemical ban makes the United States and Europe a thriving market for food dyes.
During the projection period, spirulina markets in Asia Pacific, particularly China, India, and Japan, are expected to rise rapidly. During the forecast period, demand for clean labelling and natural ingredients is expected to lead the market. During the forecast period, the Asia Pacific region is expected to develop at the fastest annual pace, owing to strong growth in the food processing industry, which provides good possibilities for market participants. Furthermore, because spirulina is a vegetarian supplement, the increased demand for spirulina powder among vegetarians is another driver driving market expansion.
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