Hi, what are you looking for?

According to a new study by FMI, sales of Spirulina Powder is expected to reach ~US$ 358 Mn in 2019. After the approval from the FDA for use of spirulina in food & beverage products, the demand for spirulina increased. Multiple companies invested in research and development to launch unique and innovative products using spirulina. Spirulina powder is used in various applications such as food and beverage, dietary supplements, pharmaceuticals, animal & aquaculture, and cosmetic & personal care industry. In last two years, multiple products are launched in the food and beverage industry in which spirulina powder is used as a primary ingredient. Natural Blue and Green Color produced from spirulina is in high demand and witnessed a strong market growth in last two years.

Organic and natural formulations have been consistently increasing trend since the past decade, and the trend is expected to continue over the forecast period. As per the USDA, over 75% of the grocery stores carried organic products in the year 2013. The demand for organic spirulina powder is growing as compared to conventional spirulina powder.

Request a report sample to gain comprehensive market insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2432

In 2013, the U.S FDA approved the use of natural colorant made from spirulina. Multiple companies across the globe are producing natural colorant from spirulina such as Blue, Red, Green and Brown. In Europe, ESPA banned the use of synthetic colorant in food products, which helped spirulina powder to gain momentum in the natural colorant market.

Rising Use of Spirulina Powder in the Cosmetic & Personal Care Industry

Spirulina powder contains antioxidants and anti-inflammatory properties, which is witnessing a high growth in the cosmetic industry. Spirulina powder contains vitamins such as A, C & E in large quantities that are antioxidants and provide nourishment to the skin, due to which it is used in moisturizing and skin care creams.

Manufacturers have started using micro-algae in skin problems such as anti-aging, tanning, and pigmentation issues. Spirulina powder is used in anti-aging creams, skin whitening creams and pigmentation reducing products. Spirulina powder also has anti-cancer properties, which will boost the demand of its cosmetic products, as people prefer to take treatment which doesn’t require consumption of medicines.

Despite the rise and fall of spirulina production globally, prices are maintained at an optimum level with a variance in prices of maximum 15% year on year. Multiple factors play an important role in identification of market prices such as spirulina powder production cost, processes used, labor cost, electricity and water cost, transportation cost and much more. Due to a subtle process by which manufacturers produce low processing cost, the Spirulina products such as spirulina powder are also found to be cost-effective and benchmark with its parent market prices. Various manufacturers are focused toward providing spirulina powder at an optimum price, owing to their high demand among consumers. Different companies have implemented integrated production approach to deliver cost-effective products.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-2432

The global spirulina powder market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Usage of Spirulina Powder in Fish and Animal Feed Creating Demand

Spirulina powder has found application in animal feed, pet food and fish food since, animals and pets can easily digest spirulina powder and even don’t get any allergy or medical problems after consuming spirulina powder. Spirulina powder, which is rich in protein, vitamin and minerals can increase the health of animals & fish and also help in fighting various medical problems in animals. Spirulina powder is used as food for fish for several years due to the food preference, which also reduces the cost of production of fish at commercial scale. Use of Spirulina powder as a food for animals and fish is increasing and which is creating a demand for the product and helps in the overall development of food chain.

This study by FMI offers insights into the spirulina powder market for the forecast period of 2019-2029. The spirulina powder market is projected to record a CAGR of ~6% during the predefined period.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Plot No: JLT-PH2-X2A

The post Spirulina Powder Market Overview, Cost Structure Analysis, Growth Opportunities and Forecast To 2029 appeared first on Future Market Insights.

The U.S. infant formula market collapsed this year after the country’s largest manufacturer closed its plant.

Moscow-backed separatist forces in eastern Ukraine say they have captured Lyman, a strategic town connecting key cities in the east.

Carolina Soto, a member of Chile's Mapuche indigenous community, says talks with the government are not possible without official recognition of the community -...

The Biden administration on Wednesday moved to ban the disposal of mining waste in Alaska’s Bristol Bay watershed.

COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.