Europe Spirulina Market By Type (Arthrospira Platensis and Arthrospira Maxima), By Application (Nutraceuticals, Cosmetics, Food and Beverages, Animal Feed and Other Applications), By Drug Formulation (Powder, Tablet & Capsule, Liquid and Granule & Gelling Agent)

Analysis of Market Size & Trends

The Europe Spirulina Market would witness market growth of 10.14% CAGR during the forecast period (2019-2025). Spirulina is among the oldest form of life on Earth, which is responsible for producing oxygen in the planet's atmosphere. It is also termed as superfood and is a nutrient-rich food present on Earth. It contains nearly 55% to 70% protein, high gamma-linolenic acid (GLA) levels, beta carotene, chlorophyll, 8 essential and 10 non-essential amino acids.

The growing demand for cyanobacteria, owing to their weight reduction properties and the increasing number of health clubs and fitness centers are boosting the growth of the spirulina market share. Health benefits of cyanobacteria have helped them to find usage in desserts, smoothies, juices, salads, and breakfast meals. The skin and hair care market demands spirulina powder as an inclusion in various treatments, including anti-aging, wrinkles, grey hair, hair loss, and allergies. In the medical industry, spirulina powder is used in a range of treatments along with a number of pharmaceutical products.

Based on Type, the market is segmented into Arthrospira Platensis and Arthrospira Maxima Based on Application, the market is segmented into Nutraceuticals, Cosmetics, Food and Beverages, Animal Feed and Other Applications. Based on Drug Formulation, the market is segmented into Powder, Tablet & Capsule, Liquid and Granule & Gelling Agent. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cyanotech Corporation, DIC Corporation, Chr. Hansen Holding A/S, Algenol, LLC, Prolgae Spirulina Supplies Pvt. Ltd., Sensient Technologies Corporation, DDW, Inc., GNC Holdings, Inc., NOW Foods, Inc. and Sunrise Nutrachem Group Co. Ltd.

Scope of the Spirulina Market Analysis

Market Segmentation:

By Type

• Arthrospira Platensis
• Arthrospira Maxima

By Application

• Nutraceuticals
• Cosmetics
• Food and Beverages
• Animal Feed
• Other Applications

By Drug Formulation

• Powder
• Tablet & Capsule
• Liquid
• Granule & Gelling Agent

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Companies Profiled

• Cyanotech Corporation
• DIC Corporation
• Chr. Hansen Holding A/S
• Algenol, LLC
• Prolgae Spirulina Supplies Pvt. Ltd.
• Sensient Technologies Corporation
• DDW, Inc.
• GNC Holdings, Inc.
• NOW Foods, Inc.
• Sunrise Nutrachem Group Co. Ltd.