Meticulous Research®, a top global market research firm, has released 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.’

The report reveals that the European spirulina market is projected to reach $156.61 million by 2030, with a CAGR of 13.3% from 2023 to 2030. In terms of volume, the market is expected to reach 8,308.8 tons by 2030, growing at a CAGR of 7.5%. Market growth is driven by rising health and wellness trends, increasing demand for natural food colors, and environmental benefits of spirulina cultivation, among other factors.

Additionally, the growing demand for phycocyanin and consumer awareness of clean-label products present significant growth opportunities. However, market growth is hindered by low awareness and production complexities. The adoption of new production technologies like photobioreactors is a key market trend.

The European spirulina market is segmented by product type, distribution channel, application, and geography. The powder segment is expected to dominate in 2023 due to rising demand among nutraceutical manufacturers and the growing popularity of vegan diets. The phycocyanin segment is projected to grow rapidly due to increased use in therapeutic and nutritional products.

The business channel segment is expected to hold the largest market share in 2023, driven by direct purchases from manufacturers for product development. The nutraceuticals segment is anticipated to dominate the application segment, supported by the booming nutraceutical sector and rising health concerns.

France is expected to lead the European spirulina market in 2023, driven by technological advancements in microalgae research, rising 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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