Mr. Yogesh Thite is the CEO of Meticulous Business Plans in Pune, Maharashtra. To know more view https://bit.ly/3xOKBb1
The global Spirulina market is expected to witness a CAGR of 20% during the forecasted period and is estimated to be valued USD 2000 Mn by 2026, from more than the USD 700 Mn in 2016 owing to factors such as increased application of Spirulina in cosmetics, food, and Nutraceuticals. Spirulina is cyanobacteria (blue-green algae) which are amongst the oldest life forms on the earth capable of producing oxygen. It is considered a ‘superfood’ and one of the most nutrient-rich foods on the planet. Increasing health consciousness among millennials, demand for a plant-based diet and need for easy and fast nutrition as paved way for Spirulina market to flourish.