South America Spirulina Extract Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Spirulina Extract Market Analysis
The South American spirulina extract market is projected to register a CAGR of 5.9%, over the forecast period (2020 - 2025).
- Cyanobacterium/Blue green algae help in nitrogen fixation through photosynthesis, which makes spirulina an excellent source of biofertilizer in various developing and developed nations. Spirulina is more famous among organic farmers who seek to enhance productivity in natural ways.
- Based on the application areas, nutraceuticals and food sectors are expected to be promising end users of spirulina, due to the rapid development of algae-based superfoods, heightened consumer's interest toward natural and clean label products, and the regulatory encouragement in terms of enabling policies and implementation framework.
South America Spirulina Extract Market Trends
This section covers the major market trends shaping the South America Spirulina Extract Market according to our research experts:
Growing Demand for Natural and Clean Label Colors
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.
Brazil Holds the Largest Market Share in the Regional Market
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.
South America Spirulina Extract Industry Overview
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.
South America Spirulina Extract Market Leaders
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Sensient Technologies Corporation
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DDW The Color House.
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DIC Corporation- Earthrise Nutritionals
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Chr. Hansen A/S
*Disclaimer: Major Players sorted in no particular order
South America Spirulina Extract Market Report - Table of Contents
1. INTRODUCTION
- 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
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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
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5.1 Application
- 5.1.1 Nutraceuticals
- 5.1.2 Food
- 5.1.3 Cosmetics
- 5.1.4 Agriculture
- 5.1.5 Feed
- 5.1.6 Other Applications
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5.2 Geography
- 5.2.1 Brazil
- 5.2.2 Argentina
- 5.2.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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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
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySouth America Spirulina Extract Industry Segmentation
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.
| Application | Nutraceuticals |
| Food | |
| Cosmetics | |
| Agriculture | |
| Feed | |
| Other Applications | |
| Geography | Brazil |
| Argentina | |
| Rest of South America |
South America Spirulina Extract Market Research FAQs
What is the current South America Spirulina Extract Market size?
The South America Spirulina Extract Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)
Who are the key players in South America Spirulina Extract Market?
Sensient Technologies Corporation, DDW The Color House. , DIC Corporation- Earthrise Nutritionals and Chr. Hansen A/S are the major companies operating in the South America Spirulina Extract Market.
What years does this South America Spirulina Extract Market cover?
The report covers the South America Spirulina Extract Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Spirulina Extract Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Spirulina Extract Industry Report
Statistics for the 2024 South America Spirulina Extract market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Spirulina Extract analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
