Spirulina Market: Technavio Research Identifies North America as the Dominant Region

Geographical Analysis and Market Highlights 2022-2026

The spirulina market is set to grow by $ 250.67 mn, accelerating at a CAGR of almost 9.24% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenarios. It provides a detailed analysis of all the trends, drivers, and challenges that will impact the market during the forecast period. The report also offers a breakdown of all the regional players and their market share along with best-performing segments. This detailed analysis will help our clients identify areas of high growth as well as those with significant growth potential.

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Spirulina Market: North America to lead market growth during the forecast period

• 34% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Spirulina Market size.
• Health benefits associated with spirulina products will be a significant factor in driving the growth of the spirulina market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
• Market is segmented by Application (Nutraceuticals, Food and beverages, Animal feed and pet food, Cosmetics, and Others) and Geography (North America, Europe, APAC, South America, and MEA).

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of 9.24%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 250.67 mn through 2022-2026.
    
3. What is a key factor driving this market?
   Health benefits associated with spirulina products will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   34% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are C.B.N. Bio-engineering Co. Ltd., Cyanotech Corp., DIC Corp., Far East Microalgae Industries Co. Ltd., Givaudan SA, Murugappa Group, Qingdao Haizhijiao Biotechnology Co. Ltd., Sensient Technologies Corp., Yunnan Green A Biological Project Co. Ltd., and Zhejiang Comp Spirulina Co. Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Nutraceuticals, Food and beverages, Animal feed and pet food, Cosmetics, and Others) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Application

• • Spirulina Market Split by Application
    • Nutraceuticals
    • Food and beverages
    • Animal feed and pet food
    • Cosmetics
    • Others
  • Spirulina Market Split by Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• C.B.N. Bio-engineering Co. Ltd.
• Cyanotech Corp.
• DIC Corp.
• Far East Microalgae Industries Co. Ltd.
• Givaudan SA
• Murugappa Group
• Qingdao Haizhijiao Biotechnology Co. Ltd.
• Sensient Technologies Corp.
• Yunnan Green A Biological Project Co. Ltd.
• Zhejiang Comp Spirulina Co. Ltd.