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Global Spirulina Extract Market (2017-2025): Analysis By Form, Application & Geography - Research and MarketsThe "Global Spirulina Extract Market, 2017-2025" report has been added to Research and Markets' offering. The global spirulina extract was valued at US$ 140.5 Mn in 2017, and is expected to reach US$ 289.0 Mn by 2025, expanding at a CAGR of 9.6% from 2017-2025. Considering the various natural food colors available, spirulina extract is anticipated to witness robust growth during the forecast period. In addition, regulatory approvals from the U.S. FDA for usage of spirulina extract has boosted the demand for spirulina extract among food and beverage manufacturers majorly in North America. Few brands such as Kraft Heinz, Kellogg, Nestle and General Mills pledged to seek approval for spirulina extract for obtaining blue color is the key factor fuelling the spirulina extracts market growth. Furthermore, other factors such as growing demand for blue color mainly in confectionery proucts, desserts and beverages, demand for clean label and natural ingredient products and ban by governments of various countries on usage of synthetic color acts as growth stimulating pointer for spirulina extract market. In addition, spirulina is anticipated to gain significant traction in combination with other natural ingredient pigments and is thus, expected to record robust growth during the forecast period. However, stability issue and sufficient availability of raw material are restraining the spirulina extract market growth. Companies Mentioned
Key Topics Covered: 1. Preface 2. Executive Summary 3. Global Spirulina Extract Market Dynamics 4. Global Spirulina Extract Market Size (US$), By Form, 2015 - 2025 5. Global Spirulina Extract Market Size (US$), By Application, 2015 - 2025 6. Global Spirulina Extract Market Size (US$), By Geography, 2015 - 2025 7. Competitive Landscape For more information about this report visit https://www.researchandmarkets.com/research/tkr3rh/global_spirulina View source version on businesswire.com: http://www.businesswire.com/news/home/20170921005573/en/ |
