Global Spirulina Beverages Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Spirulina Beverages Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global spirulina beverages market has been segmented on the basis of distribution channel, as well as regions and countries.
Spirulina is a biomass of cyanobacteria that can be consumed by humans and animals. There are three species of spirulina, they are – Arthrospira Platensis, Arthrospira Fusisormis, and Arthrospira Maxima. It is widely used a dietary supplement or whole food.
Veganism is a trend that has been growing in popularity in recent years, as consumers are becoming more aware of the of the benefits of leading a healthy lifestyle and due to the increasing carbon footprint created by the animal food products. Spirulina is plant-based, and is a great source of protein, antioxidants, vitamins A, C, E, and B, as well as a broad spectrum of minerals such as magnesium, calcium, selenium, and zinc. The numerous nutritional merits of spirulina beverages are expected to be a primary factor that is expected to boost the revenue growth of the global spirulina beverage market in the foreseeable future.
In light of the recent COVID-19 outbreak, the operational activities of major industry players have been temporarily halted or are functioning in a minimal capacity. Until day-to-day manufacturing and supply activities regress, this factor may restrain market growth in the near future. However, the need for individuals to keep their immune system functioning better than even, is leading the gradually increasing in demand for immune boosting products such as this, thereby resulting in higher revenue growth for the global spirulina beverages market.
Segmentation of the global spirulina beverages market is as follows:
On the basis of distribution channel, the hypermarket and supermarket segment accounted for the highest number of revenue shares of the global spirulina beverages market in 2019, due to the vast reach these outlets have across countries and regions. However, the online distribution channel segment is expected to register the fastest rate of revenue growth over the next decade. This can be attributed to the numerous benefits available when shopping online, such as additional discounts, quality assurance, easy delivery and payment options, as well as a wider range of available products.
Regional Segmentation and Analysis:
North America accounted for the majority revenue share of the global spirulina beverages market in 2019, due to the growing adoption of vegan based diets and associated products by individuals in this region. However, the market in Europe are expected to index the fastest rate of revenue growth for the spirulina beverage market due to a large number of individuals here opting to strictly consume plant-based products.
Segmentation of the Global Spirulina Beverages Market:
Segmentation by Distribution Channel:
- Hypermarket & Supermarket
- Online Retail
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Algama Foods
- Prolgae Spirulina Supplies Pvt. Ltd.
- Lisi (Xian) Bio-Tech Inc.
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