The global Spirulina Extract market is anticipated to grow at a strong growth of CAGR 9.6% over the projection period i.e. 2016-2024. The value is supposed to hit the mark of 289.0 Mn by 2024.
In terms of region, North America considered for the largest market in Spirulina Extract in terms of revenue in 2016. Moreover, North America region is foreseen to continue its dominance by the end of 2024 owing to large adoption of technologically superior products. The industry of Spirulina Extract is majorly driven by the presence of major Spirulina Extract capitals in the region. Moreover, U.S. and Canada are assumed to be the dominating nations during the forecast period owing to growing selection of technologically advanced products.
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Europe region took the second largest market of Spirulina Extract in 2016. The major countries seeing the augmented demand for Spirulina Extract are U.K. and Germany.
Asia-Pacific region is supposed to showcase a highest CAGR over the projection period due to developing economies nations such as China and India. Moreover, Japan is the dominating country in this region owing to large adoption of smart technology. In addition to this, rise in per capita income and growing awareness among the consumers regarding Spirulina Extract are envisioned to raise the growth of Spirulina Extract market in Asia-Pacific region.
Our in-depth analysis segmented the global Spirulina Extract market in the following segments:
- Dietary Supplements & Nutraceutical
- Aquaculture Feed
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Global Spirulina Extract market is further divided on the basis of region as follows:
- North America Market
- Latin America Market size, Y-O-Y growth & Opportunity Analysis
- Europe Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa Market