Spirulina Market to Evolve at a Phenomenal CAGR of 10.6% by 2031 |SkyQuest Technology [Yahoo! Finance]
CYANOTECH CORP (CYAN)
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Source: Yahoo! Finance
Westford, USA, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Spirulina Market size was valued at USD 588.9 Million in 2023 to USD 1318.6 Million by 2031, growing at a CAGR of 10.6% in the forecast period (2024-2031). Spirulina is a nutritious blue-green algae commonly used in various dietary supplements and food and beverage products. Over the years, the rising consumer awareness of spirulina health benefits and increase in demand for plant-based proteins is likely to drive the market growth for the forecast period. Overall, the spirulina market is expected to witness substantial expansion across the regions due to the growing consumers inclination towards naturally sourced colour solutions and additives. One of the main reasons contributing to the rising demand for Spirulina is its outstanding nutritional qualities. It is rich in vitamins, proteins, and essential minerals. It is not only consumed in its raw form but is also often processed into various kinds of food. Moreover, many people prefe
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- The Microalgae Market to Reach $2.26 Billion by 2031--Exclusive Report by Meticulous Research® [Yahoo! Finance]Yahoo! Finance
CYAN
Sec Filings
- 12/16/24 - Form 8-K
- 11/12/24 - Form 10-Q
- CYAN's page on the SEC website