Global Spirulina Extract Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025

  • ID: 4394861
  • Report
  • Region: Global
  • Acute Market Reports
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FEATURED COMPANIES

  • Algene Biotech
  • Cargill, Inc.
  • Chr. Hansen A/S
  • DDW The Color House
  • DIC Corporation
  • GNT Group
  • MORE
Spirulina Extract Market, By Application - Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global spirulina extract was valued at US$ 140.5 Mn in 2017, and is expected to reach US$ 289.0 Mn by 2025, expanding at a CAGR of 9.6% from 2017 - 2025.

Market Insights

Considering the various natural food colors available, spirulina extract is anticipated to witness robust growth during the forecast period. In addition, regulatory approvals from the U.S. FDA for usage of spirulina extract has boosted the demand for spirulina extract among food and beverage manufacturers majorly in North America. Few brands such as Kraft Heinz, Kellogg, Nestle and General Mills pledged to seek approval for spirulina extract for obtaining blue color is the key factor fuelling the spirulina extracts market growth.

Furthermore, other factors such as growing demand for blue color mainly in confectionery products, desserts and beverages, demand for clean label and natural ingredient products and ban by governments of various countries on usage of synthetic color acts as growth stimulating pointer for spirulina extract market. In addition, spirulina is anticipated to gain significant traction in combination with other natural ingredient pigments and is thus, expected to record robust growth during the forecast period. However, stability issue and sufficient availability of raw material are restraining the spirulina extract market growth.

In 2015, Europe dominated the market in terms of revenue share, followed by North America and Asia Pacific. North America accounted for around 30% of the overall spirulina extract market. However, Asia Pacific is expected to record highest CAGR over the forecast period. Some of the factors fuelling the Asia Pacific spirulina extract market growth include demand for natural ingredients, rising food and beverages industry, increasing consumption of organic food products and consumer awareness regarding health benefits associated with consumption of natural-based products. In addition, spirulina extracts market in anticipated to witness steady growth in Latin America.

Companies engaged in manufacturing of spirulina extract are keen on developing customized formulations suiting the need of end use consumers coupled with extensive research and development to offer efficient formulations particularly to the beverage manufacturers. Some of the prominent players identified in the spirulina extract market include DDW The Color House, Chr. Hansen A/S, DIC Corporation, Naturex S.A., Cargill, Inc., Sensient Technologies Corporation, GNT Group, Roha Dyechem Pvt. Ltd., Naturalin Bio-Resources Co., Ltd., Hydrolina Biotech Private Limited and Algene Biotech.
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2 of 4

FEATURED COMPANIES

  • Algene Biotech
  • Cargill, Inc.
  • Chr. Hansen A/S
  • DDW The Color House
  • DIC Corporation
  • GNT Group
  • MORE
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Spirulina Extract Market Snapshot
2.1.1. Global Spirulina Extract Market by Form,2015
2.1.2. Global Spirulina Extract Market by Application,2015
2.1.3. Global Spirulina Extract Market by Geography,2015

3. Global Spirulina Extract Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Future Prospects

4. Global Spirulina Extract Market Size (US$), By Form, 2015 - 2025
4.1. Overview
4.1.1. Market Share Analysis, by Form, 2015 vs. 2024
4.2. Powder
4.3. Liquid

5. Global Spirulina Extract Market Size (US$), By Application, 2015 - 2025
5.1. Overview
5.1.1. Market Share Analysis, by Application, 2015 vs. 2024
5.2. Dietary Supplements & Nutraceutical
5.3. Confectionery
5.4. Cosmetic
5.5. Bio-fertilizer
5.6. Aquaculture Feed

6. Global Spirulina Extract Market Size (US$), By Geography, 2015 - 2025
6.1. Overview
6.1.1. Market Share Analysis, by Geography, 2015 vs. 2024
6.2. North America Spirulina Extract Market Analysis, 2015 - 2025
6.2.1. North America Spirulina Extract Market Size (US$), By Country, 2015 - 2025
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Spirulina Extract Market Size (US$), By Form, 2015 - 2025
6.2.2.1. Powder
6.2.2.2. Liquid
6.2.3. North America Spirulina Extract Market Size (US$), By Application, 2015 - 2025
6.2.3.1. Dietary Supplements & Nutraceutical
6.2.3.2. Confectionary
6.2.3.3. Cosmetic
6.2.3.4. Bio-fertilizer
6.2.3.5. Aquaculture Feed
6.3. Europe Spirulina Extract Market Analysis, 2015 - 2025
6.3.1. Europe Spirulina Extract Market Size (US$), By Region, 2015 - 2025
6.3.1.1. E.U. 7
6.3.1.2. CIS
6.3.1.3. Rest of Europe
6.3.2. Europe Spirulina Extract Market Size (US$), By Form, 2015 - 2025
6.3.2.1. Powder
6.3.2.2. Liquid
6.3.3. Europe Spirulina Extract Market Size (US$), By Application, 2015 - 2025
6.3.3.1. Dietary Supplements & Nutraceutical
6.3.3.2. Confectionary
6.3.3.3. Cosmetic
6.3.3.4. Bio-fertilizer
6.3.3.5. Aquaculture Feed
6.4. Asia Pacific Spirulina Extract Market Analysis , 2015 - 2025
6.4.1. Asia Pacific Spirulina Extract Market Size (US$), By Country, 2015 - 2025
6.4.1.1. China
6.4.1.2. India
6.4.1.3. Japan
6.4.1.4. Rest of Asia Pacific
6.4.2. Asia Pacific Spirulina Extract Market Size (US$), By Form, 2015 - 2025
6.4.2.1. Powder
6.4.2.2. Liquid
6.4.3. Asia Pacific Spirulina Extract Market Size (US$), By Application, 2015 - 2025
6.4.3.1. Dietary Supplements & Nutraceutical
6.4.3.2. Confectionary
6.4.3.3. Cosmetic
6.4.3.4. Bio-fertilizer
6.4.3.5. Aquaculture Feed
6.5. Latin America Spirulina Extract Market Analysis , 2015 - 2025
6.5.1. Latin America Spirulina Extract Market Size (US$), By Country, 2015 - 2025
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Spirulina Extract Market Size (US$), By Form, 2015 - 2025
6.5.2.1. Powder
6.5.2.2. Liquid
6.5.3. Latin America Spirulina Extract Market Size (US$), By Application, 2015 - 2025
6.5.3.1. Dietary Supplements & Nutraceutical
6.5.3.2. Confectionary
6.5.3.3. Cosmetic
6.5.3.4. Bio-fertilizer
6.5.3.5. Aquaculture Feed
6.6. Middle East & Africa (MEA) Spirulina Extract Market Analysis , 2015 - 2025
6.6.1. MEA Spirulina Extract Market Size (US$), By Region, 2015 - 2025
6.6.1.1. GCC Countries
6.6.1.2. Rest of MEA
6.6.2. MEA Spirulina Extract Market Size (US$), By Form, 2015 - 2025
6.6.2.1. Powder
6.6.2.2. Liquid
6.6.3. MEA Spirulina Extract Market Size (US$), By Application, 2015 - 2025
6.6.3.1. Dietary Supplements & Nutraceutical
6.6.3.2. Confectionary
6.6.3.3. Cosmetic
6.6.3.4. Bio-fertilizer
6.6.3.5. Aquaculture Feed

7. Competitive Landscape
7.1. Competitive Dashboard
7.2. Company Profiles
7.2.1. DDW The Color House
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Portfolio
7.2.1.4. Key Developments
7.2.2. Chr. Hansen A/S
7.2.2.1. Business Description
7.2.2.2. Financial Information
7.2.2.3. Product Portfolio
7.2.2.4. Key Developments
7.2.3. DIC Corporation
7.2.3.1. Business Description
7.2.3.2. Financial Information
7.2.3.3. Product Portfolio
7.2.3.4. Key Developments
7.2.4. Naturex S.A
7.2.4.1. Business Description
7.2.4.2. Financial Information
7.2.4.3. Product Portfolio
7.2.4.4. Key Developments
7.2.5. Cargill, Inc.
7.2.5.1. Business Description
7.2.5.2. Financial Information
7.2.5.3. Product Portfolio
7.2.5.4. Key Developments
7.2.6. Sensient Technologies Corporation
7.2.6.1. Business Description
7.2.6.2. Financial Information
7.2.6.3. Product Portfolio
7.2.6.4. Key Developments
7.2.7. GNT Group
7.2.7.1. Business Description
7.2.7.2. Financial Information
7.2.7.3. Product Portfolio
7.2.7.4. Key Developments
7.2.8. Roha Dyechem Pvt. Ltd.
7.2.8.1. Business Description
7.2.8.2. Financial Information
7.2.8.3. Product Portfolio
7.2.8.4. Key Developments
7.2.9. Naturalin Bio-Resources Co., Ltd
7.2.9.1. Business Description
7.2.9.2. Financial Information
7.2.9.3. Product Portfolio
7.2.9.4. Key Developments
7.2.10. Hydrolina Biotech Private Limited
7.2.10.1. Business Description
7.2.10.2. Financial Information
7.2.10.3. Product Portfolio
7.2.10.4. Key Developments
7.2.11. Algene Biotech
7.2.11.1. Business Description
7.2.11.2. Financial Information
7.2.11.3. Product Portfolio
7.2.11.4. Key Developments

List of Figures
Fig. 1 Global Spirulina Extract Market Segmentation
Fig. 2 Global Spirulina Extract Market: Research Methodology
Fig. 3 Global Spirulina Extract Market Size (US$), By Form, 2015
Fig. 4 Global Spirulina Extract Market Size (US$), By Powder, 2015 - 2025
Fig. 5 Global Spirulina Extract Market Size (US$), By Liquid, 2015 - 2025
Fig. 6 Global Spirulina Extract Market Size (US$), By Application, 2015
Fig. 7 Global Spirulina Extract Market Size (US$), By Dietary Supplements & Nutraceutical, 2015 - 2025
Fig. 8 Global Spirulina Extract Market Size (US$), By Confectionery, 2015 - 2025
Fig. 9 Global Spirulina Extract Market Size (US$), By Cosmetic, 2015 - 2025
Fig. 10 Global Spirulina Extract Market Size (US$), By Bio-fertilizer, 2015 - 2025
Fig. 11 Global Spirulina Extract Market Size (US$), By Aquaculture Feed, 2015 - 2025
Fig. 12 Global Spirulina Extract Market Size (US$), By Regions, 2015 & 2023
Fig. 13 North America Spirulina Extract Market Size (US$), 2015 - 2025
Fig. 14 Europe Spirulina Extract Market Size (US$), 2015 - 2025
Fig. 15 Asia Pacific Spirulina Extract Market Size (US$), 2015 - 2025
Fig. 16 Latin America (LATAM) Spirulina Extract Market Size (US$), 2015 - 2025
Fig. 17 Middle East and Africa Spirulina Extract Market Size (US$), 2015 - 2025

List of Tables
Table 1 Market Snapshot: Global Spirulina Extract Market
Table 2 North America Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 3 North America Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 4 U.S. Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 5 U.S. Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 6 Canada Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 7 Canada Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 8 Europe Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 9 Europe Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 10 Germany Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 11 Germany Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 12 France Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 13 France Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 14 Italy Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 15 Italy Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 16 U.K. Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 17 U.K. Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 18 Russia Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 19 Russia Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 20 Rest of Europe Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 21 Rest of Europe Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 22 Asia Pacific Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 23 Asia Pacific Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 24 India Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 25 India Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 26 China Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 27 China Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 28 Japan Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 29 Japan Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 30 Rest of Asia Pacific Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 31 Rest of Asia Pacific Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 32 Latin America Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 33 Latin America Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 34 Brazil Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 35 Brazil Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 36 Mexico Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 37 Mexico Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 38 Rest of Latin America Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 39 Rest of Latin America Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 40 MEA Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 41 MEA Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 42 GCC Countries Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 43 GCC Countries Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 44 South Africa Spirulina Extract Market Size (US$), By Form, 2015 - 2025
Table 45 South Africa Spirulina Extract Market Size (US$), By Application, 2015 - 2025
Table 46 DDW The Color House: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 47 Chr. Hansen A/S: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 48 Naturex S.A : Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 49 Cargill, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 50 Sensient Technologies Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 51 GNT Group: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 52 Roha Dyechem Pvt. Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 53 Naturalin Bio-Resources Co., Ltd : Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 54 Hydrolina Biotech Private Limited : Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Table 55 Algene Biotech: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
Note: Product cover images may vary from those shown
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  • DDW The Color House
  • Chr. Hansen A/S
  • DIC Corporation
  • Naturex S.A
  • Cargill, Inc.
  • Sensient Technologies Corporation
  • GNT Group
  • Roha Dyechem Pvt. Ltd.
  • Naturalin Bio-Resources Co., Ltd
  • Hydrolina Biotech Private Limited
  • Algene Biotech
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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