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Spirulina Market Size Will Attain USD 1,116 Million by 2030

#Spirulina #Market #Size #Attain #USD #Million

BEIJING, Oct. 18, 2022 (GLOBE NEWSWIRE) — The Global Spirulina Market Size accounted for USD 480 Million in 2021 and is projected to achieve a market size of USD 1,166 Million by 2030 rising at a CAGR of 10.4% from 2022 to 2030.

Spirulina Market Statistics

  • Global spirulina market value was USD 480 Million in 2021 and expected to grow at CAGR of 10.4% from 2022 to 2030
  • North America spirulina market revenue gathered over 35% market share in 2021
  • Asia-Pacific spirulina market growth will record noteworthy CAGR during the forecast timeframe from 2022 to 2030
  • According to the recent statistics, there are almost 80 million vegans in the world and growing
  • Among type, arthrospira platensis segment accounted for over 60% of the overall market share in 2021
  • Growing number of vegans is a primary driver for Spirulina market growth
  • Surging demand for fresh/frozen spirulina is a popular spirulina market trend

Spirulina Market Growth Factors

  • Growing demand for natural ingredients
  • Stringent guidelines for the usage of synthetic colors and flavors
  • Increasing use of spirulina in aquaculture

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Spirulina Market Report Coverage:

Market Spirulina Market
Spirulina Market Size 2021 USD 480 Million
Spirulina Market Forecast 2030 USD 1,166 Million
Spirulina Market CAGR During 2022 – 2030 10.4%  
Spirulina Market Analysis Period 2018 – 2030
Spirulina Market Base Year 2021  
Spirulina Market Forecast Data 2022 – 2030
Segments Covered By Type, By Application, By Formulation, And By Geography
Spirulina Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Cyanotech Corporation DIC Corporation, Cabassi & Giuriati SpA, DDW, DÖHLER GmbH, Echlorial, E.I.D. Parry Limited, Givaudan international SA, Prolgae Spirulina Supplies Pvt. Ltd., and Dongtai City Spirulina Bio-engineering Co., Ltd.
Report Coverage Market Trends, Drivers, Restraints, Competitive…

Read on GNW: Spirulina Market Size Will Attain USD 1,116 Million by 2030

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