Market Trends of North America Spirulina Extract Industry
This section covers the major market trends shaping the North America Spirulina Extract Market according to our research experts:
Rising Demand for Nutraceuticals
The factors fueling the consumer's interest in nutraceuticals include rapid advances in science and technology, increasing healthcare costs, changes in food laws affecting label and product claims, and rising interest in attaining wellness through diet, among others. Spirulina is rich in nutrients and contains up to 70 percent protein, B-complex vitamins, beta-carotene, vitamin E, and numerous minerals. It is believed to be useful as an antioxidant, antiviral, anticancer, weight loss aid, and cholesterol-lowering agent. Thus, growing health concerns of the population , growing desire for natural alternatives to traditional pharmaceutical products and increased awareness among consumers on the link between nutrition and health will drive the nutraceutical market.
United States Dominates the Market
The factors fueling the consumer's interest in nutraceuticals include rapid advancements in science and technology, increasing healthcare costs, changes in food laws affecting label and product claims, and rising interest in attaining wellness through diet, among others. Spirulina is rich in nutrients and contains up to 70% protein, B-complex vitamins, beta-carotene, vitamin E, and numerous minerals. It is believed to be useful as an antioxidant, antiviral, anticancer, weight loss aid, and cholesterol-lowering agent. Thus, growing health concerns of the population, rising desire for natural alternatives to traditional pharmaceutical products and increased awareness among consumers on the link between nutrition and health are expected to drive the nutraceutical market's growth.
