Market Size of Europe Spirulina Extract Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Spirulina Market Analysis
The European spirulina extract market is expected to register a CAGR of 6.4%, during the forecast period (2020 - 2025).
- Spirulina is an easily digestible high protein product with high levels of β-carotene, vitamin B12, iron and trace minerals, and the rare vital fatty acid γ-linoleic acid (GLA). Additionally, it has no religious issues or negative culture regarding its consumption.
- Apart from being a good health supplement, spirulina extracts are also used in food products, natural colors, feed, nutraceuticals, biofertilizers, and cosmetic chemicals. Spirulina contains three colors - red, blue, and yellow. Being rich in chlorophyll, phycocyanin, and beta-carotene, it is often used as a source of natural color extracts.
