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Europe Spirulina Extract Market is segmented By Application (Nutraceuticals, Food, Cosmetics, Agriculture, Animal Feed, and Other Applications) and By Geography.
Europe Spirulina Extract Market is expected to register a CAGR of 6.4%, during the forecast period (2020 - 2025).
Europe Spirulina Extract Market is segmented by Application and by Geography. On the basis of Application, the market is segmented into Nutraceuticals, Food, Cosmetics, Agriculture, Animal Feed, and Other Applications. The report covers regional trends across major countries in Europe.
|Rest of Europe|
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Cosmetics companies are some of the biggest consumers for spirulina extracts and other seaweeds. Spirulina extracts are featured as natural marine ingredients in cosmetics. Cosmetic compositions with spirulina extract in Europe are mainly for free radicals content which can act on aging, better hydration, skin protection and other required improvements of the human skin. Spirulina extract concentrates constitute 0.1 to 5.0% by weight of cosmetic products sold in Europe, which is an acceptable limit of spirulina extract in cosmetic products. Spirulina extract is a rich source of vitamins of the B-complex, pro-vitamin-A, natural proteins, Phyto-polysaccharides such as galactose, glucose, ribose, and mannose. These active ingredients from spirulina extract help in better cosmetic formulations, which are very effective for skin moisturizing and nurturing.
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The sports drinks industry and the dye market have been lately using Spirulina extracts and show great potential for application. Spirulina an excellent source of bio fertiliser in various developing and developed nations, as the Cyanobacteria/blue-green algae help in nitrogen fixation through photosynthesis, making Spirulina popular among the organic farmers who seek to enhance productivity in natural ways. Recently, BASF (a German company) and Solix Biofuels (U.S.) have come together for the production of fuel from blue-green algae. Such mergers and collaborations have fuelled the areas for new realms of application in the industry.
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The Europe Spirulina Extract Market is fragmented with major multinationals and regional players competing fiercely with local players to garner market share. Some of the major players in the europe spirulina extract market are Sensient Technologies Corporation, DIC Corporation- Earthrise Nutritionals, DDW The Color House, A TO Z NUTRITION INC., Naturex S.A among others.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.5 Animal Feed
5.1.6 Other Applications
5.2.2 United Kingdom
5.2.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Sensient Technologies Corporation
6.3.2 DDW The Color House.
6.3.3 DIC Corporation- Earthrise Nutritionals
6.3.4 Chr. Hansen A/S
6.3.5 Bolise Co., Ltd.
6.3.6 A TO Z NUTRITION INC.
6.3.7 Naturex S.A
7. MARKET OPPORTUNITIES AND FUTURE TRENDS