Spirulina Protein Market Dynamics Analysis 2032

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Spirulina Protein Market Size to hit 582.4 Mn by
2032
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Overview of Spirulina Protein Market

• The global spirulina protein market is projected
  to showcase significant expansion through
  2022-2030 attributed to the upgrades in
  technological developments in the industry.
• Animal feed producers are increasing their demand
  for protein-rich diets for livestock feed due to
  the presence of minimal anti-nutritional factors
  (ANFs). Companies are also putting forth efforts
  to safeguard and sustain their supplier base due
  to unknown shifts in the supply chain mostly
  during the COVID-19 pandemic.
• Additionally, supply management agreements with
  distributors and dealers are emerging as a key
  strategy to guarantee that goods are efficiently
  distributed across all regions.

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• Based on dosage form, the industry has been
  divided into capsules, powder, tablets, and
  others. The others segment is slated to witness a
  CAGR of more than 10.5 over the review timeline.
  This is credited to the growing preference for
  spirulina protein products such as gummies, given
  the ease of consumption of these dosage forms.
• With respect to application, the bakery
  confectionery segment is set to register more
  than 8 CAGR through 2030, due to the changing
  trend toward vegan and organic nutrition.
  Naturally-sourced ingredients such as spirulina
  protein are becoming increasingly used in
  healthier confectionary and bakery products,
  contributing to market development.
• Meanwhile, the snacks segment is expected to
  exhibit a CAGR of over 8 over the forecast
  period, due to the shift in focus of snack
  manufacturers on nutrient enrichment through the
  use of ingredients such as spirulina protein.
• The pharmaceuticals application segment is
  estimated to record a CAGR of over 8.5 through
  2030, given the ability of spirulina protein
  supplements to enhance medicinal drugs.
• The animal feed segment is poised to register
  more than 7.5 CAGR between 2022 and 2030, driven
  by the expanding animal-rearing sector, and the
  subsequent increase in demand for nutrient-rich
  animal feed products.

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• The cosmetics segment is expected to record over
  7 CAGR through 2022-2030, due to the use of
  spirulina protein products in skin care products
  such as creams and lotions.
• From the regional perspective, the Middle East
  Africa spirulina protein market is likely to
  register commendable growth over the forecast
  spell, owing to new technological advancements
  and the introduction of cutting-edge functional
  food products in the region.
• Notable participants in the spirulina protein
  market include Nutrex Hawaii Inc., Earthrise
  Nutritinals LLC, Prolgae Spirulina Supplies Pvt.
  Ltd., Far East Bio-Tec Co. Ltd., Yunna Green A
  biological Project Co. Ltd., Cyanotech
  Corporation, E.I.d Parry (India) Ltd., ENERGYbits
  Inc., Allmicroalgae, JUNE Group of Companies
  (JUNE Spirulina), Phycom Microalgae, Fuqing King
  Dnarmsa Spirulina Co. Ltd

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