Spirulina is a drum-dried cyanobacterium (blue-green algae) consumed by humans which is made primarily from two species of cyanobacteria: Arthrospira platensis and Arthrospira maxima. Earlier classified as the blue-green algae, it is not an algae. It grows naturally in the alkaline waters of lakes in warm regions. Measuring about 0.1 mm across, it takes the form of tiny green filaments coiled in spirals of varying tightness and number, depending on the strain. Spirulina has very high protein content, considerably low in calories and cholesterol, and high in enzymes, minerals (sodium, iron, calcium, and magnesium), and phenolic acids, that have antioxidant properties. Spirulina also has very high levels beta-carotene, a natural antioxidant, which the body converts to vitamin A and plays a protective role in the human body. Performance and stamina levels are elevated when Spirulina is taken as a sports supplement.

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The most commonly reported negative effects are muscle pain, flushing of the face, headache, sweating, and difficulty concentrating. People who have the metabolic disorder phenylketonuria should avoid this product. It is not recommended for people who are allergic to seaweed or seafood. Very little is known about its effects during pregnancy and breast feeding. These are the primary factors hindering the growth of this market. Blue-green algae harvested in uncontrolled culture conditions may be contaminated with heavy metals that can lead to liver damage, diarrhoea and vomiting. Furthermore, higher cost associated with the production of natural colours in comparison to the synthetic colours along with their unstable nature are the secondary factor responsible for a sluggish market growth.

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Based on the geography, the market is segmented into UK, Germany, France, Spain and others. In 2016, Europe was the leading market followed by North America and Asia Pacific. Market growth in Europe is fuelled by factors like research and development for better formulations especially for confectionery products, ban on artificial colors application, compliance with European regulations and others.

Companies operating in the spirulina extracts market are DDW The Color House, Sensient Technologies Corporation, Chr. Hansen A/S, DIC Corporation.

Market Segmentation

1)Form
• Introduction
• Powder
• Liquid
• Y-o-Y Growth Analysis, By Form
• Market Attractiveness Analysis, By Form
• Market Share Analysis, By Form

2)Application
• Introduction
• Dietary Supplements & Nutraceutical
• Confectionery
• Cosmetic
• Bio-fertilizer
• Aquaculture Feed
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application

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Scope of the report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms by type, packaging and meat type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the North america market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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