Increasing consumer preference for nutrient-rich food and the demand for food additives derived from natural sources will drive the demand for microalgae in the food and beverage sector Future Market Insights (FMI) forecasts the sales of Spirulina species to gain momentum through the assessment period. Besides type, the market study offers insights into end-use applications and sources, with emphasis on key strategies adopted by leading players in the market.
DUBAI, U.A.E, July 29, 2021 /PRNewswire/ — The demand for ingredients derived from natural sources will increase, creating opportunities for increasing microalgae applications in the food sector.
As per a study by Future Market Insights (FMI), the demand for microalgae in the food and beverages sector will total US$ US$132.5 Mn by 2031, expanding at a 2.9% CAGR between 2021 and 2031. Demand will be sustained by steadily growing consumer interest for high-quality and natural ingredients in food and beverage products.
A combination of health benefits is often linked with microalgae due to their anti-inflammatory properties, abundance of antioxidants, and hypolipidemic factors. Besides this, studies confirming benefits of microalgae in preventing the onset of chronic diseases because they are rich in Vitamin A, C, and E will guarantee scope for expansion of the market in the near future.
In addition to vitamins, microalgae have anti-cancer properties and help in the prevention of diseases including Alzheimer’s, macular degeneration, and arthritic symptoms. A higher awareness about these health benefits will spur the sales of microalgae in the food and beverage sector.
Driven by a myriad of health benefits and high protein content, Spirulina has established its identity as a ‘superfood’ in the food and beverage industry. Being a rich source of…