The North American spirulina extract market is projected to witness a CAGR of 2.6% during the forecast period.
Key Market Trends
Rising Demand for Nutraceuticals
The factors fueling the consumer's interest in nutraceuticals include rapid advances in science and technology, increasing healthcare costs, changes in food laws affecting label and product claims, and rising interest in attaining wellness through diet, among others. Spirulina is rich in nutrients and contains up to 70 percent protein, B-complex vitamins, beta-carotene, vitamin E, and numerous minerals. It is believed to be useful as an antioxidant, antiviral, anticancer, weight loss aid, and cholesterol-lowering agent. Thus, growing health concerns of the population , growing desire for natural alternatives to traditional pharmaceutical products and increased awareness among consumers on the link between nutrition and health will drive the nutraceutical market.
United States Dominates the Market
The factors fueling the consumer's interest in nutraceuticals include rapid advancements in science and technology, increasing healthcare costs, changes in food laws affecting label and product claims, and rising interest in attaining wellness through diet, among others. Spirulina is rich in nutrients and contains up to 70% protein, B-complex vitamins, beta-carotene, vitamin E, and numerous minerals. It is believed to be useful as an antioxidant, antiviral, anticancer, weight loss aid, and cholesterol-lowering agent. Thus, growing health concerns of the population, rising desire for natural alternatives to traditional pharmaceutical products and increased awareness among consumers on the link between nutrition and health are expected to drive the nutraceutical market’s growth.
Competitive Landscape
The North American spirulina extract market is fragmented, with the presence of many players and the key players are Cyanotech Corporation, Dohler Group, Aim Grow Biotech Co. Ltd, and DDW - the Color House, among others. The market players are adopting various strategies, such as new product development, partnerships, mergers and acquisitions, and expansions to meet the rising demand from consumers.
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- The increasing demand for natural and clean label ingredients, such as colors, recreated a demand for spirulina extracts. Stringent regulations and a ban on synthetic food additives by the US governments are driving the demand for natural additives.
- Nutraceuticals and food sectors are expected to be promising end users of spirulina, due to the rapid development of algae-based superfoods, heightened consumer’s interest toward natural and clean-label products, and the regulatory encouragement in terms of enabling policies and implementation framework.
Key Market Trends
Rising Demand for Nutraceuticals
The factors fueling the consumer's interest in nutraceuticals include rapid advances in science and technology, increasing healthcare costs, changes in food laws affecting label and product claims, and rising interest in attaining wellness through diet, among others. Spirulina is rich in nutrients and contains up to 70 percent protein, B-complex vitamins, beta-carotene, vitamin E, and numerous minerals. It is believed to be useful as an antioxidant, antiviral, anticancer, weight loss aid, and cholesterol-lowering agent. Thus, growing health concerns of the population , growing desire for natural alternatives to traditional pharmaceutical products and increased awareness among consumers on the link between nutrition and health will drive the nutraceutical market.
United States Dominates the Market
The factors fueling the consumer's interest in nutraceuticals include rapid advancements in science and technology, increasing healthcare costs, changes in food laws affecting label and product claims, and rising interest in attaining wellness through diet, among others. Spirulina is rich in nutrients and contains up to 70% protein, B-complex vitamins, beta-carotene, vitamin E, and numerous minerals. It is believed to be useful as an antioxidant, antiviral, anticancer, weight loss aid, and cholesterol-lowering agent. Thus, growing health concerns of the population, rising desire for natural alternatives to traditional pharmaceutical products and increased awareness among consumers on the link between nutrition and health are expected to drive the nutraceutical market’s growth.
Competitive Landscape
The North American spirulina extract market is fragmented, with the presence of many players and the key players are Cyanotech Corporation, Dohler Group, Aim Grow Biotech Co. Ltd, and DDW - the Color House, among others. The market players are adopting various strategies, such as new product development, partnerships, mergers and acquisitions, and expansions to meet the rising demand from consumers.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cyanotech Corporation.
- DDW - the Color House
- Dohler Group
- Aim Grow Biotech Co. Ltd
- DIC Corporation- Earthrise Nutritionals
- Chr. Hansen A/S
- Sensient Technologies Corporation
Methodology
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