Apart from being a good health supplement, Spirulina extracts are also used in food products, natural colours, feed, nutraceuticals, bio fertilisers and cosmetic chemicals. Spirulina contains three colours - red, blue and yellow. Being rich in chlorophyll, phycocyanin and beta carotene it is often used as a source of natural colour extract. Edible colour â€˜Lina- Blueâ€™ used in ice creams and confectionaries are mainly produced from Spirulina. Banning of various synthetic colours in food items by various nations is fuelling this market.
Cynobacterium/blue green algae helps in nitrogen fixation through photosynthesis which makes Spirulina an excellent source of bio fertilizer in various developing and developed nations. Spirulina are more famous among organic farmers who seeks to enhance productivity in natural ways.
Major factors driving the market includes growing awareness among consumers for natural food products, rising regulations against synthetic colures, growth of subsidiary industries like cosmetics and bio fertilizers, increasing preference for plant protein sources. Lack of awareness in developing countries, changing climatic conditions due to pollution and high price of extraction with availability of cheaper substitutes are some of the factors affecting the market. Application in sports drinks industry, dye markets, expansion in niche markets of developing countries re some of the potential opportunities that exist in this market.
The market is segmented by application and geographies of Spirulina Extracts Market. The major segments on the basis of geography includes: Brazil, Argentina, Chile and Others. The major segments on the basis of application includes: Nutraceuticals and dietary supplements, natural food colorant for confectionery, cosmetics, bio-fertilizers, aquaculture feed and others.
South America Spirulina market is worth XX.XX billion USD and is expected to grow at a CAGR of XX.XX % in next five years. Major companies/firms involved in this market includes: Sensient Technologies Corporation, BASF, Naturex S.A., Chr. Hansen A/S, DDW- The Color House and DIC Corporation.
This Report Offers:
The report does in-depth analysis of Market segments, drivers, restraints, opportunities, market size (in terms of both value and volume), value-chain analysis, technologies in use, major players, government regulations, upcoming projects and developments. The forecasts of market growth and market sizes for each segments are included after analyzing the primary and secondary data sources are included in the report along with competitive analysis of the market. In addition to it, the report also explains economic conditions of and forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. The company profiles of major players and market strategies are also included in the report.
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Dynamics
3.1.1 High demand for processed and convenience foods in western countries
3.1.2 Increasing demand for fiber supplements to fulfil nutrtitional requirement globally
3.1.3 Increasing western influence and awareness of health benefits from dietary fibers in developing countries
3.2.1 Delayed and inconsistent regulatory standards for approval
3.2.2 Technical difficulties pertaining to reactivity and stability
3.3.1 Identification of new active ingredients
3.3.2 Higher incidence of application in weight management and healthcare industry
3.4 Porter Five Forces Analysis
3.4.1 Bargaining Power of Buyers
3.4.2 Bargaining Power of Suppliers
3.4.3 Degree of competetion
3.4.4 Threat of new entrants
3.4.5 Threat of substitutes
4. Market Segmentation
4.1 By Function Type
4.1.1 Bulking Agent
4.1.2 Fat Replacer
4.1.3 Texturing Agent
4.2 By Product Type
4.2.3 Chitin & Chitosan
4.2.5 Resistant Starch
4.3 By Application
4.3.5 Pasta & Soup
4.4 By Geography
4.4.1 North America
22.214.171.124 United States
5. Competitive Landscape
5.1 Most preferred strategic approach by major companies
5.2 Most active companies in the past five years
5.3 Market Share Analysis
6. Company Profiles
6.1 Archer Daniels Midland Company
6.3 E.I Dupont De Nemours and Company
6.4 Fibrisol Service Limited
6.5 Grain Processing Corporation
6.6 Ingredion Incorporated
6.7 J. Rettenmaier & SÃ¶hne Gmbh & Co. Kg
6.8 Roquette FrÃ¨res
6.9 Shanghai Nuoshen Food Trading Co., Ltd.
6.10 SÃ¼dzucker Ag
6.11 Sunopta, Inc.
6.12 Taiyo Lucid Pvt Ltd.
6.13 Tate & Lyle PLC