Research on Europe Spirulina Industry Strategy Analysis (Impact of Covid-19)

Length- 113 Pages | Published Date - 2023-04-24 | Report Id- 2017
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In terms of market side, this report researches the Spirulina revenue, growth rate, market share by manufacturers, by type, by application and by region (region level and country level), from 2018 to 2023, and forecast to 2029.

The Europe Spirulina market size in 2022 is 80.57 million US dollars, and it is expected to be 143.54 million US dollars by 2029, with a compound annual growth rate of 8.60% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Spirulina market include Green-A, DIC Corporation- Earthrise Nutritionals, Naturex S.A, DDW -the Color House, and Sensient Technologies Corporation. The share of the top 3 players in the Spirulina market is 26.71%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Spirulina Extracts, Tablet, etc. Application segment includes Feed, Health Products, etc.
---Powder contributes approximately 45.00% share to the market in 2022.
---Health Products contributes approximately 77.00% share to the market in 2022.

Report Includes:
This report presents an overview of Europe market for Spirulina. Analyses of the Europe market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key players of Spirulina, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Spirulina, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the Germany, the U.K., Italy and Other Countries.

This report focuses on the Spirulina market share and industry ranking of main players, data from 2018 to 2023. Identification of the major stakeholders in the Europe Spirulina market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, from 2018 to 2029. Evaluation and forecast the market size for Spirulina sales, projected growth trends, technology, application and end-user industry.

The market trend for spirulina in Europe is as follows:

Growing Demand for Natural and Plant-Based Products: Spirulina, a blue-green algae known for its high nutritional content, is experiencing increased demand in Europe due to the growing preference for natural and plant-based products. Spirulina is considered a superfood due to its rich protein, vitamins, and minerals content, making it popular among health-conscious consumers. The market trend for spirulina is driven by the rising interest in plant-based nutrition and health supplements.

Increasing Awareness of Health Benefits: Spirulina is recognized for its potential health benefits, including immune system support, antioxidant properties, and potential anti-inflammatory effects. Consumers in Europe are becoming more aware of these health benefits and are incorporating spirulina into their diets as a nutritional supplement. The market trend for spirulina is influenced by the growing awareness of its potential health-promoting properties.

Expansion of Organic and Sustainable Food Market: There is a growing demand for organic and sustainable food products in Europe, and spirulina aligns well with this trend. Organic spirulina, cultivated without the use of synthetic chemicals or pesticides, is sought after by consumers who prioritize environmentally friendly and sustainable products. The market trend for spirulina is driven by the expansion of the organic and sustainable food market.

Rising Popularity of Vegan and Vegetarian Diets: The increasing adoption of vegan and vegetarian diets in Europe has contributed to the demand for spirulina. Spirulina is considered a valuable source of plant-based protein and essential nutrients for individuals following these dietary choices. The market trend for spirulina is influenced by the growing number of people embracing vegan and vegetarian lifestyles.

Product Innovation and Diversification: Spirulina products are being innovated and diversified to cater to different consumer preferences and needs. Manufacturers are introducing spirulina powders, tablets, capsules, and ready-to-drink formulations to enhance convenience and accessibility for consumers. The market trend for spirulina is driven by product innovation and the availability of a wide range of spirulina-based products.

Expansion of Distribution Channels: Spirulina products are increasingly available through various distribution channels, including online platforms, health food stores, supermarkets, and specialty stores. The growing availability of spirulina products in multiple retail channels enhances consumer accessibility and contributes to market growth. The market trend for spirulina is influenced by the expanding distribution network.
Highlights-Regions

Germany
UK
France
Italy
Spain
Russia

Player list
Green-A
DIC Corporation- Earthrise Nutritionals
Naturex S.A
DDW -the Color House
Sensient Technologies Corporation
Dohler group
NUTREX HAWAII
C.B.N. Bio-engineering Co., Ltd
Spiruline du soleil
Skyline
Others

Types list
Spirulina Extracts
Tablet
Powder

Application list
Feed
Health Products
Others

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