Market Research Future (Food and Beverages) Spirulina Market Research Report | 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. Page | 4 Copyright © 2017 Market Research Future.