#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
