San Francisco, California, May 08, 2018 – The global spirulina powder market is foretold to attain growth with increasing use of healthy food products and growing health-consciousness among consumers. Spirulina powder could be extensively used not only in whole foods but also dietary supplements. The market is expected to find lucrative applications in various end-use industries such as cosmetic, medicine, and food and beverages. A report by TMR Research, bearing the title “Spirulina Powder Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” brings to light some of the crucial factors expected to set the tone for valuable growth in the market.
Increase in government support for local manufacturers and government initiatives to raise spirulina production could be other factors promoting the growth of the global spirulina powder market. Furthermore, spirulina powder is used in biofertilizer and biofuel industries. It is worth mentioning that the market could gain ample demand from skin and hair care product manufacturers as well.
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Growth of the supplements industry is foreseen to bode well for the global spirulina powder market. Moreover, with the rise in the demand for cyanobacteria due to their contribution in weight reduction and increasing number of health clubs and fitness centers, the market could gain a strong boost in the coming years. Health benefits of cyanobacteria have helped them to find usage in desserts, smoothies, juices, salads, and breakfast meals. The skin and hair care market demands spirulina powder as an inclusion in various treatments, including anti-aging, wrinkles, grey hair, hair loss, and allergies. In the medical industry, spirulina powder is used in a range of treatments along with a number of pharmaceutical products.
From a geographical perspective, Asia Pacific is predicted to account for a substantial share of the global spirulina powder market due to rising vegan population, growing usage of healthcare products, and increasing disposable income. Escalating switch toward living a healthy lifestyle, however, could help Europe to become prominent in the market. In North America, some consumers have been using food supplements as a diet alternative. Additionally, growing aging population and obesity problems are projected to help the region to lead the market.