Spirulina Extract

Spirulina Extract

Global Spirulina Extracts Market to Reach $784.8 Million by 2027

In the changed post COVID-19 business landscape, the global market for Spirulina Extracts estimated at US$422.6 Million in the year 2020, is projected to reach a revised size of US$784.8 Million by 2027, growing at aCAGR of 9.2% over the period 2020-2027. Arthrospira Platensis, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$504.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Arthrospira Maxima segment is readjusted to a revised 8.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $121.8 Million, While China is Forecast to Grow at 8.5% CAGR

The Spirulina Extracts market in the U.S. is estimated at US$121.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$135.9 Million by the year 2027 trailing a CAGR of 8.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Select Competitors (Total 34 Featured) -

• Aller Aqua Group
• Chr. Hansen Holdings A/S
• Cyanotech Corporation
• DDW The Colour House
• DIC Corporation
• Dohler GmbH
• Dongtai City Spirulina Bio-engineering Co., Ltd.
• Fiorio Colori S.r.l.
• FMC Corporation
• Foodicine
• Hydrolina Biotech Private Limited
• Naturex SA
• Royal DSM NV
• Sensient Technologies Corporation

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