Market Research Future (Food and Beverages) Spirulina Market estimated to Grow at CAGR of 8.02 | Page 4

Spirulina Market Research Report- Forecast to 2023
3 Sample Pages
Segments:
The global spirulina market has been segmented on the basis of form such as powder, capsule & tablet, liquid, and
gelling agent. The powder segment is projected to account maximum market proportion and projected to grow at
CAGR of 8.23% during the forecast period. On the basis of applications, the global spirulina market is segmented
into nutraceuticals, food & beverages, pharmaceuticals, cosmetic & personal care, and others. Among all the
applications, nutraceutical segment is estimated to witness the highest growth at a CAGR of 8.34% during the
forecast period of 2017-2023.
Key Findings:

Asia Pacific is estimated to retain its dominance throughout the forecast period and to grow at a
substantial CAGR of 8.45%. Among the Asia Pacific country, China is projected to witness a substantial
growth of 9.30% during the forecast period of 2017-2023.

Spirulina manufacturers find massive opportunity in the U.S. owing to the huge demand of natural color
in the food & beverages.
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