This Spirulina Dietary Supplements Market report covers the detailed competitive outlook of the market including the market share and company profiles of the key participants in the market.  Various market Analysis Like SWOT analysis, Porter five Analysis, Industry value chain analysis are included in this research report.  This Spirulina Dietary Supplements Market research report provides discussion of research and development and the demand for new products and new applications. This Spirulina Dietary Supplements Market report also provided comprehensive company profiles of major players in the industry.  The scope of the report includes a detailed study of global and regional markets for various Spirulina Dietary Supplements Market market for variations in the growth of the industry in certain regions.

This Spirulina Dietary Supplements Market report will impact the industry and profiles of leading suppliers of the market. These key players compete based upon pricing, quality, technology and reputation. The market is forecasted to demonstrate a stunning growth, surpassing its previous growth record in terms of value with striking CAGR during the estimated period. The Spirulina Dietary Supplements Market report for global market further comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market.

Data Bridge Market Research analyses that the global spirulina dietary supplements market will project a CAGR of 5.80% for the forecast period of 2021-2028. Therefore, the spirulina dietary supplements market value, which was USD 0.3 billion in 2020, will shoot up to USD 0.47 billion by 2028.

Definition

Spirulina is high in nutritional value and exhibits hypolipidemic, hypoglycemic, and antihypertensive properties. Spirulina contains functional compounds which makes it perfect for a wide range of applications. It is multicellular microalgae which is usually blue-green. Due the its chemical composition, its application especially in food items can tag along a wide range of benefits to the consumer.

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Key Growth Drivers:

Rising personal disposable income and increasing dietary supplements especially in the developing regions are the major factors fostering the growth of spirulina dietary supplements market. Increasing use of spirulina in food and beverage products domestically as well as globally and growth and expansion of food and beverages industry are other important factors acting as spirulina dietary supplements market growth determinant. Rising deficiency of vitamin A, K, B, iron and protein will further create lucrative growth opportunities for the spirulina dietary supplements market. Growth in the vegetarian population base especially in the developing economies will induce growth in the spirulina dietary supplements market value. Changing lifestyle and supportive government regulations to increase spirulina production and support to local manufacturers will also induce growth in the spirulina dietary supplements market value.

However, rarity of sources and low availability of spirulina in general will pose a major challenge to the growth of spirulina dietary supplements market. Rising cases of food contamination and adulteration will further derail the spirulina dietary supplements market growth rate. Some supplements may contain harmful substances and this will also dampen the market growth rate.

The report emphasizes the participation of key entities, notably:

Sensient Technologies Corporation, NOW Foods., Parry Nutraceuticals Limited, NATUREX, Naturalin Bio-Resources Co., Ltd., GNT Group B.V., GNC Holdings, LLC, Fuqing King Dnarmsa Spirulina Co., Ltd., Fraken Biochem Co., Ltd., Far East Bio-Tec Co., Ltd.., ALGAPHARMA BIOTECH CORP.,, Döhler GmbH, DIC CORPORATION, Dongtai City Spirulina Bio-Engineering Co. Ltd., DDW  The Color House, Cyanotech Corporation., Chr. Hansen Holding A/S, ALGENOL, Prolgae Spirulina Supplies Pvt. Ltd. and ALGATEC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Market Perspectives:

• Thorough examination of prevailing market tendencies
• Updates on the latest product advancements and innovations
• Spirulina Dietary Supplements Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
• Strategies and activities of prominent players and brands in the field
• Insights into the industry landscape for emerging participants

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Key Market Segmentation

By Form (Powder, Tablets/ Capsules, Liquid and Granules), End User (Food and Beverages, Nutraceuticals, Feed and Pharmaceutical), Distribution channel (Super Stores, Department Stores, Other offline Mediums and Online Retailers)

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