Spirulina Beverages Market:
Growth Opportunities in the Spirulina Beverages Market look promising over the next six years. This is mainly due to the emerging trend of veganism among the consumers for a healthy lifestyle and the growing trend of veganism as a result of the rising carbon footprint caused by the consumption of food products derived from animals, including port, seafood, meat, and egg.
Spirulina Beverages Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The emerging trend of veganism among the consumers for a healthy lifestyle is a primary factor surging the growth of the global spirulina beverages market. Furthermore, spirulina refreshments is one of the major sources of protein among plant-based beverages. The exceptional nutritional features of spirulina have promoted sector participants to introduce new products to cater to the growth of the spirulina beverages market share in terms of revenue.
In the last few years, consumers have shifted towards plant-based food and beverages to maintain their overall health. Additionally, the growing trend of veganism as a result of the rising carbon footprint caused by the consumption of food products derived from animals, including port, seafood, meat, and egg, will further stimulate the demand of the market during the forecast period. Consumers are rapidly adopting eco-friendly food items, which can meet the important prerequisite of protein and other necessary supplements. This factor will augment the market growth.
Distribution channel Segment Drivers
On the basis of the distribution channel, the hypermarket & supermarket is projected to increase at a faster CAGR due to the growing number of consumers who prefer to buy these beverages from offline retailers. Hypermarkets and supermarkets include Aldi, Walmart, and SPAR, among others, have wide grocery chains worldwide with a strong customer base. Additionally, the rising preference of customers for healthy beverages over carbonated drinks is another factor that will have a positive influence on the market’s demand.
Regional Drivers
Based on the region, North America is projected to lead the market due to the strong demand for spirulina beverages. In addition to this, the rising consumer preference for vegan food owing to the drastic shift in consumers’ demand towards plant-based protein food instead of meat protein will fuel the market growth.
Spirulina Beverages Market’s leading Manufacturers:
- Algama Foods
- Prolgae Spirulina Supplies Pvt. Ltd.
- Lisi (Xian) Bio-Tech Inc.
- Walmart
- Amazon
Spirulina Beverages Market Segmentation:
Segmentation by Distribution Channel:
- Hypermarket & Supermarket
- Online Retail
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
