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

August 24, 2018

DUBLIN--(BUSINESS WIRE)--Aug 24, 2018--The “Global Spirulina Extract Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20180824005425/en/

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Related Topics:Vitamins and Dietary Supplements

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/24/2018 03:32 PM/DISC: 08/24/2018 03:32 PM

http://www.businesswire.com/news/home/20180824005425/en

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