DUBLIN--(BUSINESS WIRE )--The "Spirulina Market Research Report by Type (Arthrospira Maxima and Arthrospira Platensis), Drug Formulation, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Spirulina Market size was estimated at USD 337.13 million in 2021, USD 362.38 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.66% to reach USD 525.16 million by 2027.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.
It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.
Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
1.3. Years Considered for the Study
5.1.1.1. Awareness of natural health benefits of spirulina superfood
5.1.1.2. Introduction of new varieties of natural food colors produced from spirulina
5.1.1.3. High demand for cyanobacteria for weight reduction and personal care
5.1.3.1. Government initiatives for increasing the production of spirulina
5.1.3.2. Importance of Spirulina in cancer treatment
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
7. Spirulina Market, by Drug Formulation
11. Europe, Middle East & Africa Spirulina Market
12.3. Market Share Analysis, By Key Player
12.4.3. New Product Launch & Enhancement
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900