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Spirulina Market Poised to Reach $1.1 Billion by 2030
Meticulous Research®, a global leader in market research, unveils a comprehensive study under the title, 'Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverage, Animal Feed, Cosmetics, Agriculture) - Global Forecast to 2030.'
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Projections indicate that the spirulina market is poised to achieve a noteworthy valuation of $1.1 billion by the year 2030, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 9.4% from 2023 to 2030 in terms of value. In parallel, the market volume is anticipated to reach 102,381.3 tons by 2030, registering an 8% CAGR from 2023 to 2030. This remarkable growth trajectory is attributed to the surging health and wellness trends, expanding dietary supplements sector, escalating demand for natural food colors, increasing vegetarianism, and the positive environmental impact associated with spirulina cultivation. Other contributing factors include stringent regulations against synthetic colors and flavors, rising preference for spirulina-derived products, its growing application in aquaculture, and substantial investments from natural-color manufacturers.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/spirulina-market-5070
The segmentation of the spirulina market encompasses product type, distribution channel, application, and geography.
Product Type Segmentation:
• Powder
• Tablets
• Capsules
• Flakes
• Phycocyanin
• Frozen Spirulina
In 2023, the powder segment is poised to dominate the spirulina market, driven by escalating demand from nutraceutical manufacturers due to growing health consciousness among consumers, increased usage of spirulina powder in various food & beverage products, rising popularity of veganism, and the adoption of herbal ingredients in cosmetics.
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Distribution Channel Segmentation:
• Business Channel
• Consumer Channel
In 2023, the business channel is projected to dominate the spirulina market, primarily due to direct bulk purchases by various manufacturers, such as nutraceuticals, food & beverages, and animal feed, for further product development. This segment is expected to witness significant growth throughout the forecast period.
Application Segmentation:
• Nutraceuticals
• Food & Beverage
• Animal Feed
• Cosmetics
• Agriculture
Speak to our Analysts https://www.meticulousresearch.com/speak-to-analyst/cp_id=5070
Simultaneously, the food & beverage segment is anticipated to witness notable growth, with spirulina gaining widespread acceptance as a food ingredient. Factors such as its availability, sustainable production, high nutritional and bioactive properties, and suitable functional properties contribute to this segment's rapid growth. Approval from the Food and Drug Administration (FDA) for spirulina extract as a natural blue coloring ingredient further propels this trend.
Geographical Segmentation: In 2023, North America is forecasted to lead the spirulina market, attributed to the growing consumer awareness of natural food products, stringent regulations against synthetic colors, rising demand for nutraceuticals, subsidiary growth in industries such as cosmetics and biofertilizers, a preference for natural protein sources, and the presence of key spirulina manufacturers with significant production capacities, especially in the U.S.
Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5070

Related Reports:

1.Europe Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture) - Forecast to 2030 https://www.meticulousresearch.com/product/europe-spirulina-market-5499
2.Asia-Pacific Spirulina Market by Product Type (Powder, Tablets, Capsules, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture) - Forecast to 2030
https://www.meticulousresearch.com/product/asia-pacific-spirulina-market-5575
3. South East Asia Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Cosmetics, Agriculture) - Forecast to 2030 https://www.meticulousresearch.com/product/south-east-asia-spirulina-market-5676




Spirulina Market Poised to Reach $1.1 Billion by 2030 Meticulous Research®, a global leader in market research, unveils a comprehensive study under the title, 'Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverage, Animal Feed, Cosmetics, Agriculture) - Global Forecast to 2030.' Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5070 Projections indicate that the spirulina market is poised to achieve a noteworthy valuation of $1.1 billion by the year 2030, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 9.4% from 2023 to 2030 in terms of value. In parallel, the market volume is anticipated to reach 102,381.3 tons by 2030, registering an 8% CAGR from 2023 to 2030. This remarkable growth trajectory is attributed to the surging health and wellness trends, expanding dietary supplements sector, escalating demand for natural food colors, increasing vegetarianism, and the positive environmental impact associated with spirulina cultivation. Other contributing factors include stringent regulations against synthetic colors and flavors, rising preference for spirulina-derived products, its growing application in aquaculture, and substantial investments from natural-color manufacturers. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/spirulina-market-5070 The segmentation of the spirulina market encompasses product type, distribution channel, application, and geography. Product Type Segmentation: • Powder • Tablets • Capsules • Flakes • Phycocyanin • Frozen Spirulina In 2023, the powder segment is poised to dominate the spirulina market, driven by escalating demand from nutraceutical manufacturers due to growing health consciousness among consumers, increased usage of spirulina powder in various food & beverage products, rising popularity of veganism, and the adoption of herbal ingredients in cosmetics. Quick Buy – https://www.meticulousresearch.com/Checkout/28400912 Distribution Channel Segmentation: • Business Channel • Consumer Channel In 2023, the business channel is projected to dominate the spirulina market, primarily due to direct bulk purchases by various manufacturers, such as nutraceuticals, food & beverages, and animal feed, for further product development. This segment is expected to witness significant growth throughout the forecast period. Application Segmentation: • Nutraceuticals • Food & Beverage • Animal Feed • Cosmetics • Agriculture Speak to our Analysts https://www.meticulousresearch.com/speak-to-analyst/cp_id=5070 Simultaneously, the food & beverage segment is anticipated to witness notable growth, with spirulina gaining widespread acceptance as a food ingredient. Factors such as its availability, sustainable production, high nutritional and bioactive properties, and suitable functional properties contribute to this segment's rapid growth. Approval from the Food and Drug Administration (FDA) for spirulina extract as a natural blue coloring ingredient further propels this trend. Geographical Segmentation: In 2023, North America is forecasted to lead the spirulina market, attributed to the growing consumer awareness of natural food products, stringent regulations against synthetic colors, rising demand for nutraceuticals, subsidiary growth in industries such as cosmetics and biofertilizers, a preference for natural protein sources, and the presence of key spirulina manufacturers with significant production capacities, especially in the U.S. Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5070 Related Reports: 1.Europe Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture) - Forecast to 2030 https://www.meticulousresearch.com/product/europe-spirulina-market-5499 2.Asia-Pacific Spirulina Market by Product Type (Powder, Tablets, Capsules, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture) - Forecast to 2030 https://www.meticulousresearch.com/product/asia-pacific-spirulina-market-5575 3. South East Asia Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Cosmetics, Agriculture) - Forecast to 2030 https://www.meticulousresearch.com/product/south-east-asia-spirulina-market-5676
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