Spirulina Market, by Form, Composition, End-use Industry, and Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Spirulina Market, by Form, Composition, End-use Industry, and Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Spirulina is a blue-green microalgae comprising high protein content, with a wide range of application across the food and beverages, nutraceuticals, cosmetics & personal care, and animal feed industry. The food and beverages industry is the major contributor for growth in the global spirulina market. Spirulina has various health benefits and has an ability to overcome malnutrition due to its high content of protein, vitamins, minerals, antioxidants, and carotenoids.
Market Dynamics
Growing awareness regarding the health benefits of consuming natural food colors over synthetic food colors among consumers and stringent government regulations such as European Food Safety Authority (EFSA), against the trading of synthetic food colors infused products are major factors propelling growth of the spirulina market.
Europe held a dominant position in the spirulina market in 2016, owing to the growing demand for natural food colors among consumers. Spirulina is considered as the most popular natural food color among the food and beverages manufacturers in the region. Furthermore, the extensive usage of spirulina in the cosmetic & personal care industry is fueling market growth, owing to the anti- aging property of spirulina.
Asia Pacific is expected to project the fastest growth in the global spirulina market during the forecast period. Rapid penetration of the spirulina in the food & beverages and pharmaceuticals industries is largely contributing to the overall growth of the market in the region. Furthermore, high demand for processed food in emerging economies including India, China, and Vietnam coupled with the developments in aquaculture are expected to boost growth of the spirulina market in the region during the forecast period.
 
Key features of the study:

This report provides in-depth analysis of the spirulina market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global spirulina market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
The global spirulina market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts
Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the spirulina market

Detailed Segmentation

Global Spirulina Market, By Form

Powder
Tablets / Capsules
Liquid
Granules

Global Spirulina Market, By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

Global Spirulina Market, By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Global Spirulina Market, By Geography:

North America

U.S.

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Canada

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Europe

UK

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Germany

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Italy

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

France

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Spain

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Russia

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Rest of Europe

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Asia Pacific

China

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

India

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Japan

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

ASEAN

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Australia

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

South Korea

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Rest of Asia Pacific

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Latin America

Brazil

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Argentina

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Rest of Latin America

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Africa

Northern Africa

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Central Africa

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

South Africa

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Middle East

GCC

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Israel

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Rest of Middle-East

By Form

Powder
Tablets / Capsules
Liquid
Granules

By Composition

Protein
Carbohydrates
Minerals
Lipids
Others

By End-use Industry

Food and Beverages
Nutraceuticals
Cosmetics & Personal Care
Feed
Pharmaceuticals
Others

Company Profiles

Sensient Technologies Corporation*

Company Overview
Product Portfolio
Market Presence
Financial Overview
Key Developments
Strategies

Algaetech International Sdn Bhd
DDW The Color House
Algene Biotech
Chr. Hansen Holding A/S
Cyanotech Corporation
DIC Corporation
Fuqing King Dnarmsa Spirulina Co. Ltd.
Sunrise Nutrachem Group Co. Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.