Research report explores the Spirulina Powder Market will grow at 6% CAGR by 2029
Feb 14, 2020
VALLEY COTTAGE, N.Y. – According to a new study by FMI, sales of Spirulina Powder is expected to reach ~US$ 358 Mn in 2019. After the approval from the FDA for use of spirulina in food & beverage products, the demand for spirulina increased. Multiple companies invested in research and development to launch unique and innovative products using spirulina. Spirulina powder is used in various applications such as food and beverage, dietary supplements, pharmaceuticals, animal & aquaculture, and cosmetic & personal care industry. In last two years, multiple products are launched in the food and beverage industry in which spirulina powder is used as a primary ingredient. Natural Blue and Green Color produced from spirulina is in high demand and witnessed a strong market growth in last two years.
Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2432
Demand for spirulina powder is growing rapidly as it is the super-food, which contains highest amount of protein found in any natural grown food. It also contains highest amount of vitamins, minerals and other essential nutrients, which makes it an ideal dietary supplement. Spirulina powder contains vitamin A, B, C, E, & K, and minerals such as magnesium, calcium, sodium, iron, phosphorus, zinc and manganese.Sales of Spirulina is increased in past three years due to a positive perception towards the super-food, which consists of enormous amount of nutritional contents. Around 4 gram (1 teaspoon) of Spirulina can give sufficient quantity of protein, vitamin and minerals, which is generally obtained from food consumed in a whole day.Organic and natural formulations have been consistently increasing trend since the past decade, and the trend is expected to continue over the forecast period. As per the USDA, over 75% of the grocery stores carried organic products in the year 2013. The demand for organic spirulina powder is growing as compared to conventional spirulina powder.
In 2013, the U.S FDA approved the use of natural colorant made from spirulina. Multiple companies across the globe are producing natural colorant from spirulina such as Blue, Red, Green and Brown. In Europe, ESPA banned the use of synthetic colorant in food products, which helped spirulina powder to gain momentum in the natural colorant market.
Rising Use of Spirulina Powder in the Cosmetic & Personal Care Industry
Spirulina powder contains antioxidants and anti-inflammatory properties, which is witnessing a high growth in the cosmetic industry. Spirulina powder contains vitamins such as A, C & E in large quantities that are antioxidants and provide nourishment to the skin, due to which it is used in moisturizing and skin care creams.
Manufacturers have started using micro-algae in skin problems such as anti-aging, tanning, and pigmentation issues. Spirulina powder is used in anti-aging creams, skin whitening creams and pigmentation reducing products. Spirulina powder also has anti-cancer properties, which will boost the demand of its cosmetic products, as people prefer to take treatment which doesn’t require consumption of medicines.
Buy this report @ https://www.futuremarketinsights.com/checkout/2432
Cost-Effectiveness
Despite the rise and fall of spirulina production globally, prices are maintained at an optimum level with a variance in prices of maximum 15% year on year. Multiple factors play an important role in identification of market prices such as spirulina powder production cost, processes used, labor cost, electricity and water cost, transportation cost and much more. Due to a subtle process by which manufacturers produce low processing cost, the Spirulina products such as spirulina powder are also found to be cost-effective and benchmark with its parent market prices. Various manufacturers are focused toward providing spirulina powder at an optimum price, owing to their high demand among consumers. Different companies have implemented integrated production approach to deliver cost-effective products.
Usage of Spirulina Powder in Fish and Animal Feed Creating Demand
Spirulina powder has found application in animal feed, pet food and fish food since, animals and pets can easily digest spirulina powder and even don’t get any allergy or medical problems after consuming spirulina powder. Spirulina powder, which is rich in protein, vitamin and minerals can increase the health of animals & fish and also help in fighting various medical problems in animals. Spirulina powder is used as food for fish for several years due to the food preference, which also reduces the cost of production of fish at commercial scale. Use of Spirulina powder as a food for animals and fish is increasing and which is creating a demand for the product and helps in the overall development of food chain.
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-2432
More from Food and Beverages Market Insights –
Online Food Delivery Services MarketKrill Oil MarketFood Dehydrators MarketAbout Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Contact Us
Mr.
Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44-(0)-20-7692-8790
Sales: [email protected]
Press Office: [email protected]
Website: https://www.futuremarketinsights.com/
Press Release Source: https://www.futuremarketinsights.com/press-release/spirulina-powder-market
More News
Quote of the day by Voltaire: ‘Fools have a habit of believing that everything written by a famous author is admirable’ – French philosopher’s lesson on trusting your own taste
Voltaire, a key figure of the Enlightenment, inspired his readers to critically evaluate norms and beliefs. His character Pococurante exemplified this by withholding admiration for famous authors unless he had a personal affinity for them. Through satire and storytelling, Voltaire highlighted the follies of society and the pitfalls of blind adherence to opinions.
Delhi woman dies while taking photo in Uttarakhand’s Chopta; Had told parents she was going to look for a job, found dead in 400-metre gorge
Tragedy strikes as a 26-year-old woman is found dead in the picturesque Chopta region of Uttarakhand. Authorities discovered her body in a steep gorge along the popular Chopta-Tungnath trekking trail. Preliminary investigations suggest she may have slipped while attempting to capture the perfect photo. The woman had traveled from Delhi under the pretext of job hunting, prompting her family to report her missing after she did not return.
In 2013, Belfast sculptor Brendan Jamison used 500,000 sugar cubes and help from more than 5,000 visitors to build a miniature city that stayed on view into 2014
In 2013, Belfast sculptor Brendan Jamison spearheaded an innovative art project where 5,000 individuals collaboratively crafted a miniature city using sugar cubes over five weeks. This engaging initiative, named Sugar Metropolis, celebrated community spirit and creativity. Displayed at the Ulster Museum, the project drew attention for its unique approach, inspiring Jamison to recreate a similar event in New York City.
Jamui: Main accused Nandan Yadav in Bihar minor girl molestation case shot in the leg during police encounter
Jamui Bihar News: Nandan Yadav, the main accused in the Jamui minor molestation and assault case, was injured in a police encounter on Tuesday and admitted to a hospital with a bullet injury to his leg. Police said the encounter occurred during an operation to arrest him. The case came to light after videos showing the alleged assault surfaced on social media.
Jamui: Main accused in Bihar minor girl molestation case shot in the leg during police encounter
Jamui Bihar News: Nandan Yadav, the main accused in the Jamui minor molestation and assault case, was injured in a police encounter on Tuesday and admitted to a hospital with a bullet injury to his leg. Police said the encounter occurred during an operation to arrest him. The case came to light after videos showing the alleged assault surfaced on social media.
19 states sign MoUs for next phase of UDAN scheme to develop 100 airstrips from existing unused airstrips
The project has moved from mere connectivity to building long-term operational viability
Mahua Moitra moves Calcutta HC alleging police inaction over egg-throwing incident
Lok Sabha MP Mahua Moitra has approached the Calcutta High Court seeking action. She alleges police failed to ensure her security during an incident. Eggs were thrown at her vehicle in Krishnanagar constituency earlier this month. Moitra claims this happened despite a court order for police protection. The court will hear the matter soon as per its list.
Protecting Tata legacy need of the hour: Sharad Pawar
Sharad Pawar urged protecting the Tata Group's charitable ownership and institutional role. He emphasised the group's deep Maharashtra connection and its societal contributions. Pawar stated leadership issues should be resolved through dialogue and due process. He highlighted the importance of respecting Tata Trusts' governance rights. The former Union minister stressed preserving the group's trust-based legacy for India's development.
Polling for 8 MLC seats in Bihar to be held on October 23
The Election Commission announced October 23 for Bihar Legislative Council biennial elections. Eight seats from Graduates' and Teachers' constituencies will see polls. The notification will be issued on September 29, with nominations closing October 6. Polling will occur from 8 am to 4 pm on election day. Counting of votes is scheduled for October 27.
In 1925, 10,000 Missouri schoolchildren built a miniature city with 1,200 buildings that helped boost homebuilding across Springfield
In 1925, Springfield schoolchildren constructed a miniature city for a promotional campaign. This ambitious project featured 1,200 tiny buildings and real utilities. Students actively participated in governing the miniature town, gaining civic experience. The "Tiny Town" exhibit successfully boosted local home construction permits significantly. Many miniature homes were later sold, and winning entries became store displays.
Thought of the day by Robert De Niro: 'You’ll have time to rest when...' - A powerful lesson on living fully
Celebrated actor Robert De Niro boasts a five-decade-long career, marked by extraordinary versatility. His iconic partnership with director Martin Scorsese has yielded groundbreaking films, including 'Taxi Driver' and 'Raging Bull'. Garnering two Academy Awards, De Niro's profound and transformative performances are legendary. Beyond acting, he has explored directing and producing, showcasing his multifaceted talent while inspiring upcoming generations in the realm of cinema.
Why Taiwan remains a key issue in China-US ties | Explained
China's President Xi Jinping will urge US President Donald Trump to halt arms sales to Taiwan. Beijing views Taiwan as its territory and a core interest, rejecting outside interference. Taiwan, a democracy, rejects China's sovereignty claims and seeks global engagement. The United States officially acknowledges China's "One China" policy but aids Taiwan's defense. Past US engagements have led to significant Chinese military exercises around the island.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.