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The South American Spirulina Extract market is segmented by Application (Nutraceuticals, Food, Cosmetics, Agriculture, Animal Feed, and Other Applications) and Geography
The South American spirulina extract market is projected to register a CAGR of 5.9%, over the forecast period (2020 - 2025).
The South American spirulina extract market is segmented by application and geography. On the basis of application, the market is segmented into nutraceuticals, food, cosmetics, agriculture, feed, and other applications. The report also covers regional analysis of the market in Brazil, Argentina, and Rest of South America.
|Rest of South America|
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The natural food colorant segment is expected to grow twice as fast, as compared to its synthetic counterparts in the global marketplace. This trend is projected to provide robust growth to the sales of spirulina extract in the South American market. The safety concerns regarding artificial coloring and their long-term detrimental health effects have led to a paradigm shift in the strategies of key giants and their product offerings. Many processed food manufacturers have also started offering food products made with natural food coloring.
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The immense scope of growth in the dairy industry of the region has allowed easy implementation of tools and technologies and innovation in line is driving the market growth. Increased use of spirulina extract is expected to drive the Brazilian market for spirulina extracts and is expected to hold the largest market share across the region. Argentina, on the other hand, has a group of consumers who are on the path of getting aware through regulatory programs and seminars by both private local players and the government.
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The South American spirulina extract market is fragmented with the presence of multinational, regional, and local players. Some of the major players in the South American spirulina extract market are Sensient Technologies Corporation, DIC Corporation- Earthrise Nutritionals, DDW The Color House, and Naturex SA.
1.1 Study Assumptions and 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 Forces 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
5.1.6 Other Applications
5.2.3 Rest of South America
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 AS
6.3.5 Bolise Co. Ltd
6.3.6 Naturex SA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS