2021-2027 Global and Regional Spirulina Industry Status and Prospects Professional Market Research Report Standard Version
The global Spirulina market was valued at 12.13 Million USD in 2020 and will grow with a CAGR of 4.58% from 2020 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Spirulina is a microscopic spiral shaped blue-green vegetable algae which grows in mineral-rich freshwater and saltwater sources. It provides an abundance of protein, vitamins, minerals, trace minerals, essential fatty acids, phytonutrients, and antioxidants.First, the spirulina industry concentration is high; in the world wide, giant manufacturers mainly distribute in China, India and American. China has a long history and unshakable status in this industry, like DIC, King Dnarmsa, CBN and Green-A, both have perfect products. In China, the manufacturers focus in Yunnan and Shandong province. Second, as for consumption market, the global market sales were 11336 MT spirulina in 2015, which was much higher than that of 9128 in 2012. Third, the sales market mainly focus on the China, USA, India, Japan and Europe etc. region. In 2013, the U.S. Food and Drug Administration approved the use of phycocyanin as a natural colorant in food and beverage products. Since then, demand has risen dramatically, particularly in the Americas and Europe. In 2016, China was the leader consumption region with the sales market share of 45.70%. USA was the second sales market with sales share 22.75% in 2016. Fourth, the price of spirulina was decreasing from 2012 to 2016, increased since 2017; also the gross margin decreased. It is expect that the price is also decreasing in future. The gross margin is about 12%-17% in 2015, while the global average spirulina price is about 10804 USD/MT in 2017. Fifth, this industry is affected by the economy and policy, so it`s important to put an eye on economic indexes and leaders` prefer. With the global economic recovery, more and more people pay attention to health, especially in developed regions that have a large population and fast economic growth, the need of spirulina will increase. Sixth, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
By Market Verdors:
DIC
Cyanotech
Parry Nutraceuticals
Hydrolina Biotech
King Dnarmsa
CBN
Green-A
Spirin
Chenghai Bao ER
Shenliu
SBD
Lanbao
Tianjian
Wuli Lvqi
Gangfa
By Types:
Spirulina Powder
Spirulina Tablet
Spirulina Extracts
By Applications:
Health Products
Feed
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.4.1 North America Market States and Outlook (2022-2027)
1.4.2 East Asia Market States and Outlook (2022-2027)
1.4.3 Europe Market States and Outlook (2022-2027)
1.4.4 South Asia Market States and Outlook (2022-2027)
1.4.5 Southeast Asia Market States and Outlook (2022-2027)
1.4.6 Middle East Market States and Outlook (2022-2027)
1.4.7 Africa Market States and Outlook (2022-2027)
1.4.8 Oceania Market States and Outlook (2022-2027)
1.4.9 South America Market States and Outlook (2022-2027)
1.5 Global Spirulina Market Size Analysis from 2022 to 2027
1.5.1 Global Spirulina Market Size Analysis from 2022 to 2027 by Consumption Volume
1.5.2 Global Spirulina Market Size Analysis from 2022 to 2027 by Value
1.5.3 Global Spirulina Price Trends Analysis from 2022 to 2027
1.6 COVID-19 Outbreak: Spirulina Industry Impact
Chapter 2 Global Spirulina Competition by Types, Applications, and Top Regions and Countries
2.1 Global Spirulina (Volume and Value) by Type
2.1.1 Global Spirulina Consumption and Market Share by Type (2016-2021)
2.1.2 Global Spirulina Revenue and Market Share by Type (2016-2021)
2.2 Global Spirulina (Volume and Value) by Application
2.2.1 Global Spirulina Consumption and Market Share by Application (2016-2021)
2.2.2 Global Spirulina Revenue and Market Share by Application (2016-2021)
2.3 Global Spirulina (Volume and Value) by Regions
2.3.1 Global Spirulina Consumption and Market Share by Regions (2016-2021)
2.3.2 Global Spirulina Revenue and Market Share by Regions (2016-2021)
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.1.1 2016-2021 Global Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis
3.1.2 2016-2021 Major Manufacturers Performance and Market Share
3.2 Regional Production Market Analysis
3.2.1 2016-2021 Regional Market Performance and Market Share
3.2.2 North America Market
3.2.3 East Asia Market
3.2.4 Europe Market
3.2.5 South Asia Market
3.2.6 Southeast Asia Market
3.2.7 Middle East Market
3.2.8 Africa Market
3.2.9 Oceania Market
3.2.10 South America Market
3.2.11 Rest of the World Market
Chapter 4 Global Spirulina Sales, Consumption, Export, Import by Regions (2016-2021)
4.1 Global Spirulina Consumption by Regions (2016-2021)
4.2 North America Spirulina Sales, Consumption, Export, Import (2016-2021)
4.3 East Asia Spirulina Sales, Consumption, Export, Import (2016-2021)
4.4 Europe Spirulina Sales, Consumption, Export, Import (2016-2021)
4.5 South Asia Spirulina Sales, Consumption, Export, Import (2016-2021)
4.6 Southeast Asia Spirulina Sales, Consumption, Export, Import (2016-2021)
4.7 Middle East Spirulina Sales, Consumption, Export, Import (2016-2021)
4.8 Africa Spirulina Sales, Consumption, Export, Import (2016-2021)
4.9 Oceania Spirulina Sales, Consumption, Export, Import (2016-2021)
4.10 South America Spirulina Sales, Consumption, Export, Import (2016-2021)
Chapter 5 North America Spirulina Market Analysis
5.1 North America Spirulina Consumption and Value Analysis
5.1.1 North America Spirulina Market Under COVID-19
5.2 North America Spirulina Consumption Volume by Types
5.3 North America Spirulina Consumption Structure by Application
5.4 North America Spirulina Consumption by Top Countries
5.4.1 United States Spirulina Consumption Volume from 2016 to 2021
5.4.2 Canada Spirulina Consumption Volume from 2016 to 2021
5.4.3 Mexico Spirulina Consumption Volume from 2016 to 2021
Chapter 6 East Asia Spirulina Market Analysis
6.1 East Asia Spirulina Consumption and Value Analysis
6.1.1 East Asia Spirulina Market Under COVID-19
6.2 East Asia Spirulina Consumption Volume by Types
6.3 East Asia Spirulina Consumption Structure by Application
6.4 East Asia Spirulina Consumption by Top Countries
6.4.1 China Spirulina Consumption Volume from 2016 to 2021
6.4.2 Japan Spirulina Consumption Volume from 2016 to 2021
6.4.3 South Korea Spirulina Consumption Volume from 2016 to 2021
Chapter 7 Europe Spirulina Market Analysis
7.1 Europe Spirulina Consumption and Value Analysis
7.1.1 Europe Spirulina Market Under COVID-19
7.2 Europe Spirulina Consumption Volume by Types
7.3 Europe Spirulina Consumption Structure by Application
7.4 Europe Spirulina Consumption by Top Countries
7.4.1 Germany Spirulina Consumption Volume from 2016 to 2021
7.4.2 UK Spirulina Consumption Volume from 2016 to 2021
7.4.3 France Spirulina Consumption Volume from 2016 to 2021
7.4.4 Italy Spirulina Consumption Volume from 2016 to 2021
7.4.5 Russia Spirulina Consumption Volume from 2016 to 2021
7.4.6 Spain Spirulina Consumption Volume from 2016 to 2021
7.4.7 Netherlands Spirulina Consumption Volume from 2016 to 2021
7.4.8 Switzerland Spirulina Consumption Volume from 2016 to 2021
7.4.9 Poland Spirulina Consumption Volume from 2016 to 2021
Chapter 8 South Asia Spirulina Market Analysis
8.1 South Asia Spirulina Consumption and Value Analysis
8.1.1 South Asia Spirulina Market Under COVID-19
8.2 South Asia Spirulina Consumption Volume by Types
8.3 South Asia Spirulina Consumption Structure by Application
8.4 South Asia Spirulina Consumption by Top Countries
8.4.1 India Spirulina Consumption Volume from 2016 to 2021
8.4.2 Pakistan Spirulina Consumption Volume from 2016 to 2021
8.4.3 Bangladesh Spirulina Consumption Volume from 2016 to 2021
Chapter 9 Southeast Asia Spirulina Market Analysis
9.1 Southeast Asia Spirulina Consumption and Value Analysis
9.1.1 Southeast Asia Spirulina Market Under COVID-19
9.2 Southeast Asia Spirulina Consumption Volume by Types
9.3 Southeast Asia Spirulina Consumption Structure by Application
9.4 Southeast Asia Spirulina Consumption by Top Countries
9.4.1 Indonesia Spirulina Consumption Volume from 2016 to 2021
9.4.2 Thailand Spirulina Consumption Volume from 2016 to 2021
9.4.3 Singapore Spirulina Consumption Volume from 2016 to 2021
9.4.4 Malaysia Spirulina Consumption Volume from 2016 to 2021
9.4.5 Philippines Spirulina Consumption Volume from 2016 to 2021
9.4.6 Vietnam Spirulina Consumption Volume from 2016 to 2021
9.4.7 Myanmar Spirulina Consumption Volume from 2016 to 2021
Chapter 10 Middle East Spirulina Market Analysis
10.1 Middle East Spirulina Consumption and Value Analysis
10.1.1 Middle East Spirulina Market Under COVID-19
10.2 Middle East Spirulina Consumption Volume by Types
10.3 Middle East Spirulina Consumption Structure by Application
10.4 Middle East Spirulina Consumption by Top Countries
10.4.1 Turkey Spirulina Consumption Volume from 2016 to 2021
10.4.2 Saudi Arabia Spirulina Consumption Volume from 2016 to 2021
10.4.3 Iran Spirulina Consumption Volume from 2016 to 2021
10.4.4 United Arab Emirates Spirulina Consumption Volume from 2016 to 2021
10.4.5 Israel Spirulina Consumption Volume from 2016 to 2021
10.4.6 Iraq Spirulina Consumption Volume from 2016 to 2021
10.4.7 Qatar Spirulina Consumption Volume from 2016 to 2021
10.4.8 Kuwait Spirulina Consumption Volume from 2016 to 2021
10.4.9 Oman Spirulina Consumption Volume from 2016 to 2021
Chapter 11 Africa Spirulina Market Analysis
11.1 Africa Spirulina Consumption and Value Analysis
11.1.1 Africa Spirulina Market Under COVID-19
11.2 Africa Spirulina Consumption Volume by Types
11.3 Africa Spirulina Consumption Structure by Application
11.4 Africa Spirulina Consumption by Top Countries
11.4.1 Nigeria Spirulina Consumption Volume from 2016 to 2021
11.4.2 South Africa Spirulina Consumption Volume from 2016 to 2021
11.4.3 Egypt Spirulina Consumption Volume from 2016 to 2021
11.4.4 Algeria Spirulina Consumption Volume from 2016 to 2021
11.4.5 Morocco Spirulina Consumption Volume from 2016 to 2021
Chapter 12 Oceania Spirulina Market Analysis
12.1 Oceania Spirulina Consumption and Value Analysis
12.2 Oceania Spirulina Consumption Volume by Types
12.3 Oceania Spirulina Consumption Structure by Application
12.4 Oceania Spirulina Consumption by Top Countries
12.4.1 Australia Spirulina Consumption Volume from 2016 to 2021
12.4.2 New Zealand Spirulina Consumption Volume from 2016 to 2021
Chapter 13 South America Spirulina Market Analysis
13.1 South America Spirulina Consumption and Value Analysis
13.1.1 South America Spirulina Market Under COVID-19
13.2 South America Spirulina Consumption Volume by Types
13.3 South America Spirulina Consumption Structure by Application
13.4 South America Spirulina Consumption Volume by Major Countries
13.4.1 Brazil Spirulina Consumption Volume from 2016 to 2021
13.4.2 Argentina Spirulina Consumption Volume from 2016 to 2021
13.4.3 Columbia Spirulina Consumption Volume from 2016 to 2021
13.4.4 Chile Spirulina Consumption Volume from 2016 to 2021
13.4.5 Venezuela Spirulina Consumption Volume from 2016 to 2021
13.4.6 Peru Spirulina Consumption Volume from 2016 to 2021
13.4.7 Puerto Rico Spirulina Consumption Volume from 2016 to 2021
13.4.8 Ecuador Spirulina Consumption Volume from 2016 to 2021
Chapter 14 Company Profiles and Key Figures in Spirulina Business
14.1 DIC
14.1.1 DIC Company Profile
14.1.2 DIC Spirulina Product Specification
14.1.3 DIC Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.2 Cyanotech
14.2.1 Cyanotech Company Profile
14.2.2 Cyanotech Spirulina Product Specification
14.2.3 Cyanotech Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.3 Parry Nutraceuticals
14.3.1 Parry Nutraceuticals Company Profile
14.3.2 Parry Nutraceuticals Spirulina Product Specification
14.3.3 Parry Nutraceuticals Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.4 Hydrolina Biotech
14.4.1 Hydrolina Biotech Company Profile
14.4.2 Hydrolina Biotech Spirulina Product Specification
14.4.3 Hydrolina Biotech Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.5 King Dnarmsa
14.5.1 King Dnarmsa Company Profile
14.5.2 King Dnarmsa Spirulina Product Specification
14.5.3 King Dnarmsa Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.6 CBN
14.6.1 CBN Company Profile
14.6.2 CBN Spirulina Product Specification
14.6.3 CBN Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.7 Green-A
14.7.1 Green-A Company Profile
14.7.2 Green-A Spirulina Product Specification
14.7.3 Green-A Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.8 Spirin
14.8.1 Spirin Company Profile
14.8.2 Spirin Spirulina Product Specification
14.8.3 Spirin Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.9 Chenghai Bao ER
14.9.1 Chenghai Bao ER Company Profile
14.9.2 Chenghai Bao ER Spirulina Product Specification
14.9.3 Chenghai Bao ER Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.10 Shenliu
14.10.1 Shenliu Company Profile
14.10.2 Shenliu Spirulina Product Specification
14.10.3 Shenliu Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.11 SBD
14.11.1 SBD Company Profile
14.11.2 SBD Spirulina Product Specification
14.11.3 SBD Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.12 Lanbao
14.12.1 Lanbao Company Profile
14.12.2 Lanbao Spirulina Product Specification
14.12.3 Lanbao Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.13 Tianjian
14.13.1 Tianjian Company Profile
14.13.2 Tianjian Spirulina Product Specification
14.13.3 Tianjian Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.14 Wuli Lvqi
14.14.1 Wuli Lvqi Company Profile
14.14.2 Wuli Lvqi Spirulina Product Specification
14.14.3 Wuli Lvqi Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.15 Gangfa
14.15.1 Gangfa Company Profile
14.15.2 Gangfa Spirulina Product Specification
14.15.3 Gangfa Spirulina Production Capacity, Revenue, Price and Gross Margin (2016-2021)
Chapter 15 Global Spirulina Market Forecast (2022-2027)
15.1 Global Spirulina Consumption Volume, Revenue and Price Forecast (2022-2027)
15.1.1 Global Spirulina Consumption Volume and Growth Rate Forecast (2022-2027)
15.1.2 Global Spirulina Value and Growth Rate Forecast (2022-2027)
15.2 Global Spirulina Consumption Volume, Value and Growth Rate Forecast by Region (2022-2027)
15.2.1 Global Spirulina Consumption Volume and Growth Rate Forecast by Regions (2022-2027)
15.2.2 Global Spirulina Value and Growth Rate Forecast by Regions (2022-2027)
15.2.3 North America Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.4 East Asia Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.5 Europe Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.6 South Asia Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.7 Southeast Asia Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.8 Middle East Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.9 Africa Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.10 Oceania Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.11 South America Spirulina Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.3 Global Spirulina Consumption Volume, Revenue and Price Forecast by Type (2022-2027)
15.3.1 Global Spirulina Consumption Forecast by Type (2022-2027)
15.3.2 Global Spirulina Revenue Forecast by Type (2022-2027)
15.3.3 Global Spirulina Price Forecast by Type (2022-2027)
15.4 Global Spirulina Consumption Volume Forecast by Application (2022-2027)
15.5 Spirulina Market Forecast Under COVID-19
Chapter 16 Conclusions
Research Methodology
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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