SPIRULINA MARKET ANALYSIS

Spirulina Market, By Form (Powder, Tablet/Capsules, Liquid, and Granules), By Composition (Protein, Carbohydrates, Minerals, Lipids, and Others), By End Use Industry (Food & Beverages, Nutraceuticals, Cosmetics and Personal Care, Feed, Pharmaceuticals, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : May 2024
Code : CMI972
Pages :174
Formats :
Excel and PDF
Industry : Food Ingredients

Challenges: High production costs and limited resources

As an emerging industry, high production costs and limited resources continue to restrict mass cultivation of spirulina. In addition, strict regulations and quality standards set by different countries also increase compliance burdens. Furthermore, consumer’s associate spirulina as a niche health food product, and wider acceptance will require further research demonstrating its health benefits as well as taste improvements.

Opportunities: Increasing consumer awareness & rising prevalence of chronic diseases

Increasing consumer awareness about the nutritional value and therapeutic properties of spirulina is driving its demand worldwide. Rising prevalence of chronic diseases will boost its application in pharmaceuticals and nutraceuticals. Moreover, spirulina is increasingly recognized as a sustainable super food and natural colorant, offering opportunities for product innovation and development across new application segments.