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European Spirulina Extract Market - Analysis of Growth, Trends and Progress 2017 - 2022

  • ID: 4386925
  • Report
  • Region: Europe
  • 97 pages
  • Mordor Intelligence
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Super food Spirulina is a blue green algae that are suitable for human consumption and is an excellent dietary supplement. The dried Spirulina powders contains high amount of protein (~55%-75%), Minerals (~7%-13%) like Calcium, potassium & zinc, Beta Carotene (150-320 mg) and essential vitamins. High amount of nutrient makes it a suitable health supplementary with lots of antioxidants especially Phycocyanin which is only found in Spirulina. Health benefits of Spirulina includes pH regulation, Energy boosting abilities, Nutrition supplements with high concentration of protein and essential fatty acids. Spirulina as a health supplement is very popular among people seeking good source of protein especially among vegans and vegetarians.

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 ‘Lina- Blue’ used in ice creams and confectionaries are mainly produced from Spirulina. Banning of various synthetic colours in food items EU 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: Spain, UK, France, Germany, Russia, Italy 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.

European 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.

Recent developments:

BASF and Solazyme have declared the takeoff of first marketable surfactant which is derived from microalgae oil under the brand name of Dehyton AO 45

National Prawn Company of Saudi Arabia and BASF are collaborating for the development of unique algae technology for use in food, beverages and dietary supplements

BASF and Solix Biofuels (Fort Collins) have jointly been funding development of industrial biotechnology with production of fuel from blue green algae

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.
Note: Product cover images may vary from those shown
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1.1 Report Description
1.2 Research Methodology
1.3 Definition of Market
1.5 Executive Summary
2. Key Findings of study
3. Market Overview
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Porter Five Force Analysis
3.4.1 Bargaining power of buyers
3.4.2 Bargaining powers of suppliers
3.4.3 Degree of competition
3.4.4 Threat of new Entrants
3.4.5 Threat of substitutes
3.5 Industry Value Chain Analysis
4. Market Segmentation and analysis
4.1 By Application
4.1.1 Neutraceuticals and Dietary Supplements
4.1.2 Natural food colorant for confectionery
4.1.3 Cosmetics
4.1.4 Bio fertilizers
4.1.5 Aquaculture feed
4.1.6 Others
4.2 By Geographies
4.2.2 Canada
4.2.3 Mexico
4.2.4 Others
5. Industry Parameters and Manufacturing
5.1 Development and status of Spirulina Industry
5.2 Trends in Global Trade of Spirulina Extracts
5.3 Trends and Analysis of Spirulina manufacturing technology
5.4 Industrial Policies and Government Regulations
6. Competitive landscapes
6.1 Major Players and Market Share
6.2 Forecasted growth of competitors
6.3 SWOT analysis of competitors
6.4 Mergers & Acquisitions and Joint Ventures
6.5 Recent Developments and upcoming firms/companies/products
6. Company Profiles
6.1 Sensient Technologies Corporation
6.2 DDW -the Color House
6.3 DIC Corporation- Earthrise Nutritionals
6.4 Chr. Hansen A/S
6.5 Naturex S.A
6.6 Royal DSM
6.7 Dohler group
6.8 FMC Corporation
6.9 Fiorio Colori S.p.A
6.10 Aller Aqua
6.11 Cyanotech Corporation
6.12 Hydrolina Biotech
6.13 Algene biotech
6.15 C.B.N. Spirulina Canada Co., Ltd
6.16 Solazyme
6.17 BASF
6.18 Solix Biofuels
7. Conslusion
8. Appendix
9. List of Tables
10. Lists of figures
11. Works Cited
Note: Product cover images may vary from those shown
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