Market Overview

Global Spirulina Extract Market 2018-2023: Stringent Regulations is the Key Driver of Growth - ResearchAndMarkets.com

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The "Global
Spirulina Extract Market - Growth, Trends, and Forecast (2018 - 2023)"

report has been added to ResearchAndMarkets.com's
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The global spirulina market is expected to register a CAGR of 6.4%
during the forecast period.

Stringent regulations and a ban on synthetic food additives by the
European and United States governments have opened the gates for the
demand for natural additives. The growing demand for natural and clean
label colors has recreated a demand for spirulina extracts.

However, the specific climatic conditions required for the growth of
algae are limiting the market. As a result, the countries are highly
relying on imports to meet the demand. Moreover, the high costs incurred
in developing the product are also restraining the market.

However, the growing disposable incomes and awareness of the natural
product efficiency in the developing economies are creating
opportunities for growth of the global spirulina extract market during
the forecast period. Innovations and funding supporting research are
also major avenues to explore in the coming years.

Key Developments

  • BASF and Solazyme have declared the take-off of the first marketable
    surfactant derived from microalgae oil under the brand name of Dehyton
    AO 45.
  • National Prawn Company of Saudi Arabia and BASF are collaborating for
    the development of unique algae technology for use in food, beverages,
    and dietary supplements.

Key Topics Covered

1. Introduction

2. Market Insights

3. Market Dynamics

4. Market Segmentation

5. Regional Market Analysis

6. Competitive Landscape

7. Company Profiles

  • Aller Aqua
  • BASF
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • DIC Corp
  • Dohler Group
  • Hydro-line Biotech
  • Naturex SA
  • Royal DSM
  • Sensient Technologies Corporation
  • Solazyme
  • Spirulina Canada Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/8nsh3l/global_spirulina?w=4

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