Spirulina Beverages Market Deep Research On Player Positioning Analysis, Market Share Analysis, And Value Chain Analysis Forecast 2020 – 2027 | Grand View Research, Inc.

August 26 02:52 2021
Spirulina Beverages Market Deep Research On Player Positioning Analysis, Market Share Analysis, And Value Chain Analysis Forecast 2020 - 2027 | Grand View Research, Inc.
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According to a new report published by Grand View Research, the growing trend of veganism among consumers for a healthy lifestyle is the key factor for market expansion.

The global spirulina beverages market size is expected to reach USD 40.11 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.6% from 2020 to 2027. Shifting consumer preference towards more healthy, nutritious, and vegan food and beverages is expected to be a key factor for the market growth. Moreover, shifting consumers’ food preferences towards vegan food products for a healthy lifestyle at the global level are expected to offer new avenues for the market over the forecast period.

Over the past few years, consumption of spirulina has increased significantly, which has opened a new opportunity for its derived beverage too. Consumers are adopting healthy beverages rather than carbonated drinks available in the market. It is one of the excellent sources of protein, and hence it is largely accepted by the people who are health conscious. In addition, this drinks holds excellent hypolipidemic, antioxidant, anti-inflammatory properties.

The sudden outbreak of coronavirus across the globe has opened new opportunity for the spirulina drink as it helps to boost the immunity. Till now the novel coronavirus has no proved medicine, and hence the doctors around the globe are promoting the immunity boosting food items, which can at least reduce the chances of coronavirus infection.

North America was the largest regional market for spirulina beverages with a share of more than 30.0% in 2019 owing to high consumption of algae-based protein across major countries, including U.S., Canada, and Mexico. In addition, the vegan population in U.S. is growing significantly owing to the fact that consumption of non-vegetarian leads to the global carbon footprints. Consumers are increasingly adopting the plant-based protein source rather than meat protein to keep themselves healthy.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/spirulina-beverages-market

Spirulina Beverages Market Report Highlights

 Increasing popularity of vegan trend across the globe owing to rising carbon footprint with the consumption of food products obtained from animals, such as egg, meat, pork, and seafood. Consumers are increasingly adopting more eco-friendly food products, which can easily fulfill the daily requirement of protein and other essential nutrients

 Hypermarket and supermarket was the largest segment with a share of more than 55.0% in 2019 on account of high buyer visibility of such channels among consumers. Moreover, they provide a choice of physical verification of the products before any purchase

 The online retail channel is anticipated to be the fastest growing segment with a CAGR of 13.0% from 2020 to 2027. Rising adoption of internet and smartphones across the globe opened new avenues for the e-commerce channel at the global level

 North America was the largest regional market for spirulina beverages with a share of more than 30.0% in 2019 owning to increasing consumer preference for vegan food for a healthy lifestyle in U.S.

 The industry is at a nascent stage and very few companies have introduced products. Moreover, companies which are dealing in the spirulina powder, tablets, and extracts are entering in order to capture the industry share with their existing customer-based products.

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Spirulina Beverages Market Segmentation

Grand View Research has segmented the global spirulina beverages market on the basis of distribution channel and region:

Spirulina Beverages Distribution Channel Outlook (Revenue, USD Thousand, 2016 – 2027)

     Hypermarket & Supermarket
    Online Retail
     Others

Spirulina Beverages Regional Outlook (Revenue, USD Thousand, 2016 – 2027)  

     North America
        • U.S.
     Europe
        • Germany
        • U.K.
        • France
     Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
     Middle East & Africa     

List of Key Players of Spirulina Beverages Market

     Algama Foods
    Prolgae Spirulina Supplies Pvt. Ltd.
     Lisi (Xian) Bio-Tech Inc.
     Walmart
     Amazon

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450461/ibb

Browse More Related Report:

Plant-based Beverages Market Size, Share & Trends Analysis Report By Product (Soy Base, Coconut Base, Almond Base, Rice Base, Oats Base, Hemp Base), By Flavor, By Region, And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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