Meticulous Research®, a prominent global market research firm, has published a report titled ‘Europe Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture) - Forecast to 2030.’



According to the report, the European spirulina market is projected to reach $156.61 million by 2030, growing at a CAGR of 13.3% from 2023 to 2030. The market volume is anticipated to reach 8,308.8 tons by 2030, with a CAGR of 7.5%. Key drivers of this growth include increasing health and wellness trends, demand for natural food colors, and the environmental benefits of spirulina cultivation.



Opportunities arise from the growing demand for phycocyanin and clean-label products, though challenges like low awareness and algae production complexities remain. The adoption of photobioreactors is a significant trend in this market.



Segmentation by product type, distribution channel, application, and geography shows that the powder segment will lead in 2023 due to high demand among nutraceutical manufacturers and the popularity of vegan diets. The phycocyanin segment is set to grow rapidly, driven by its use in therapeutic and nutritional products.



The business channel will dominate the distribution segment in 2023, owing to large purchases from manufacturers for product development. The nutraceuticals segment will lead the application segment, driven by the booming sector and increasing health concerns.

France is expected to hold the largest market share in 2023, thanks to advances in microalgae research, consumer awareness, and stringent regulations against synthetic colors.



Key Players:

The key players operating in the Europe spirulina market include DIC Corporation (Japan), E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India), C.B.N. Bio-Engineering Co., Ltd (China), Givaudan SA (Switzerland), Fuqing King Dnarmsa Spirulina Co., Ltd. China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Cyanotech Corporation (U.S.), JIANGSHAN COMP SPIRULINA CO., LTD (China), TAIWAN WILSON ENTERPRISE INC. (Taiwan), Bluetec Naturals CO., LTD. (China), AlgoSource (France), Far East Microalgae Industries, Co., Ltd. (FEMICO) (Taiwan), Far East Bio-Tec. Co., Ltd. (FEBICO) (Taiwan), Necton S.A. (Portugal), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan), Roquette Klötze GmbH & Co. KG (Germany), Tianjin Norland Biotech Co., Ltd (China), Allmicroalgae Natural Products S.A. (Portugal), Qingdao Haizhijiao Biotechnology Co., Ltd (China), BlueBioTech Group (Germany), Aliga Microalgae (Denmark), SPIFORM (France), Vedan Biotechnology Corporation (Taiwan), ALGALIMENTO SL (Spain), Aurospirul (India), Hangzhou OuQi Food co., Ltd. (China), Clos Sainte Aurore (France), Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH) (Germany), Pond Technologies Inc. (Canada), Xi’an Fengzu Biological Technology Co., Ltd.(FZBIOTECH)(China), and Spirulina La capitelle (France).



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Key Questions Answered in the Report:

· Which are the high-growth market segments in terms of product type, distribution channel, application, and geography?

· What is the historical market size for spirulina across Europe?

· What are the market forecasts and estimates for the period 2023–2030?  

· What are the major drivers, restraints, opportunities, and trends in the Europe spirulina market?

· Who are the major players in the market, and what are their market shares?

· Who are the major players in various countries, and what are their market shares?

· How is the competitive landscape for the Europe spirulina market?

· What are the different strategies adopted by the major players in the Europe spirulina market?

· What are the key geographic trends, and which are the high-growth countries?

· Who are the local emerging players in the Europe spirulina market, and how do they compete with other players?

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