Spirulina Extract Market Share, Size, Growth Report 2031
Spirulina Extract Market Share, Size, Growth Report 2031
Segments - Europe Spirulina Extract Market by Applications (Cosmetics, Agriculture, Animal Feed, Nutraceuticals, Food, and Others), Types (Arthrospira Maxima and Arthrospira Platensis), and Geography (Germany, United Kingdom, France, Spain, Italy, Russia, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-3965
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| 212 Pages
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Report Description
Europe Spirulina Extract Market Outlook
The Europe spirulina extract market size was valued at USD XX Billion in 2022 and is likely reach to USD XX Billion by 2031, expanding at a CAGR of 6.4% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing consumer knowledge of spirulina's health advantages, as well as the rising impact of organized retailing.
Spirulina is a nutrient-dense blue-green microalgae frequently utilized as a nutritional supplement in the food and beverage sector. It has anti-inflammatory and hypolipidemic effects. It is a natural appetite suppressor that aids in tiredness reduction and endurance. Spirulina is high in antioxidants and helps to reduce inflammation by adjusting the pH of the body.
Spirulina extracts are utilised in food items, natural colours, feed, nutraceuticals, biofertilizers, and cosmetic chemicals, in addition to being a wonderful health supplement. Red, blue, and yellow are the three hues found in spirulina. It's a good source of natural colour extracts since it's high in chlorophyll, phycocyanin, and beta-carotene.
The COVID-19 virus has propelled the expansion of the spirulina industry, owing to the requirement for nutritional support and vitamins as a possible viral treatment. In addition, scientists have focused their attention on the impact of algae in delaying the development of COVID-19.
Furthermore, the ability of seaweeds to combat COVID-19 has been acknowledged in several research studies conducted by organisations such as the WHO, allowing the seaweed sector to be rebalanced.
Market Trends, Drivers, Restraints, and Opportunities
- Rising popularity of vegan diet and adoption of herbal ingredients in cosmetic products drives the market growth.
- Increasing investments in R&D in commercial spirulina products propel the market expansion.
- Promotion of the spirulina products by government boost the market growth in coming years.
- Lack of availability of spirulina severely hamper the market expansion during the forecast period.
- Increasing adoption of healthy food in developed countries creates lucrative opportunities for the market.
Scope of Spirulina Extract Market Report
The report on the Europe spirulina extract market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
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Report Title |
Spirulina Extract Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Applications (Cosmetics, Agriculture, Animal Feed, Nutraceuticals, Food, and Others), and Types (Arthrospira Maxima and Arthrospira Platensis) |
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Geography |
Germany, United Kingdom, France, Spain, Italy, Russia, and Others |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
DIC Corporation- Earthrise Nutritionals; DDW The Color House; Sensient Technologies Corporation; A TO Z NUTRITION Inc.; and Naturex SA |
Europe Spirulina Extract Market Segment Insights
Cosmetics segment to expand at a considerable CAGR
On the basis of applications, the Europe spirulina extract market is segmented into cosmetics, agriculture, animal feed, nutraceuticals, food, and others. The cosmetics segment is projected to expand at a considerable CAGR during the forecast period, due to its preference in anti-aging and personal care products.
Spirulina extract aids in the development of more effective cosmetic formulas for skin moisturizing and nurturing. On the other hand, the nutraceuticals segment is anticipated to account for a major market share during the forecast period owing to the increasing preference for natural alternatives to traditional pharmaceutical products.
Arthrospira Platensis segment to hold a significant share of the market
In terms of types, the market is bifurcated into Arthrospira Maxima and Arthrospira Platensis. The Arthrospira Platensis segment is expected to hold a significant share of the market during the forecast period owing to the nutritional properties and incorporation of spirulina in diets as super food.
However, the Arthrospira Maxima segment accounts for a significant market share as it coupled with the organized retailing.
Europe Spirulina Extract Market Regional Outlook
Germany is anticipated to constitute a key market share
In terms of geography, the Europe spirulina extract market is classified as Germany, United Kingdom, France, Spain, Italy, Russia, and Others. Germany is expected to constitute a key share of the market during the projected period as spirulina extracts have recently been used in the sports drinks and dye industries.
However, the market of United Kingdom is anticipated to expand at a rapid pace during the forecast period owing to increasing demand of biofertilizers in developed countries. Spirulina is becoming increasingly popular among organic farmers looking for natural solutions to increase output.
Segments
Applications
- Cosmetics
- Agriculture
- Animal Feed
- Nutraceuticals
- Food
- Others
Types
- Arthrospira Maxima
- Arthrospira Platensis
Geography
- Germany
- United Kingdom
- France
- Spain
- Italy
- Russia
- Others
Key Players
- DIC Corporation- Earthrise Nutritionals
- DDW The Color House
- Sensient Technologies Corporation
- A TO Z NUTRITION Inc.
- Naturex SA
Competitive Landscape
Key players competing in the Europe spirulina extract market are DIC Corporation- Earthrise Nutritionals; DDW The Color House; Sensient Technologies Corporation; A TO Z NUTRITION Inc.; and Naturex SA.
Major multinationals and regional firms compete hard with local players for market share in the European spirulina extract industry, which is fragmented. A lot of companies are prioritizing product approvals, new launches, and other organic growth strategies including patents and events. Market participants may now increase their business and client base as a result of these efforts.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Spirulina Extract Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spirulina Extract Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spirulina Extract Market - Supply Chain
4.5. Global Spirulina Extract Market Forecast
4.5.1. Spirulina Extract Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spirulina Extract Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Spirulina Extract Market Absolute $ Opportunity
5. Global Spirulina Extract Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Spirulina Extract Market Size and Volume Forecast by Types
5.3.1. Arthrospira Maxima
5.3.2. Arthrospira Platensis
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Spirulina Extract Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Spirulina Extract Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Spirulina Extract Demand Share Forecast, 2019-2026
7. North America Spirulina Extract Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Spirulina Extract Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Spirulina Extract Market Size and Volume Forecast by Types
7.4.1. Arthrospira Maxima
7.4.2. Arthrospira Platensis
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Spirulina Extract Demand Share Forecast, 2019-2026
8. Latin America Spirulina Extract Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Spirulina Extract Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Spirulina Extract Market Size and Volume Forecast by Types
8.4.1. Arthrospira Maxima
8.4.2. Arthrospira Platensis
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Spirulina Extract Demand Share Forecast, 2019-2026
9. Europe Spirulina Extract Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Spirulina Extract Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Spirulina Extract Market Size and Volume Forecast by Types
9.4.1. Arthrospira Maxima
9.4.2. Arthrospira Platensis
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Spirulina Extract Demand Share Forecast, 2019-2026
10. Asia Pacific Spirulina Extract Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Spirulina Extract Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Spirulina Extract Market Size and Volume Forecast by Types
10.4.1. Arthrospira Maxima
10.4.2. Arthrospira Platensis
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Spirulina Extract Demand Share Forecast, 2019-2026
11. Middle East & Africa Spirulina Extract Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Spirulina Extract Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Spirulina Extract Market Size and Volume Forecast by Types
11.4.1. Arthrospira Maxima
11.4.2. Arthrospira Platensis
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Spirulina Extract Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Spirulina Extract Market: Market Share Analysis
12.2. Spirulina Extract Distributors and Customers
12.3. Spirulina Extract Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DIC Corporation- Earthrise Nutritionals
12.4.2. DDW The Color House
12.4.3. Sensient Technologies Corporation
12.4.4. A TO Z NUTRITION Inc.
12.4.5. Naturex SA
Methodology
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