Spirulina Market, By Form (Powder, Tablet/Capsules, Liquid, and Granules), By Composition (Protein, Carbohydrates, Minerals, Lipids, and Others), By End Use Industry (Food & Beverages, Nutraceuticals, Cosmetics and Personal Care, Feed, Pharmaceuticals, an
Spirulina Market, By Form (Powder, Tablet/Capsules, Liquid, and Granules), By Composition (Protein, Carbohydrates, Minerals, Lipids, and Others), By End Use Industry (Food & Beverages, Nutraceuticals, Cosmetics and Personal Care, Feed, Pharmaceuticals, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Spirulina is a cyanobacterium that is rich in protein, vitamins, minerals, and phytonutrients. It is cultivated worldwide and used as a dietary supplement. Spirulina contains antioxidants that protect cells from damage and supports immunity. It also has anti-inflammatory and cholesterol-lowering properties. The global spirulina market is growing due to increasing consumer awareness about the health benefits of spirulina and the rising demand for plant-based protein sources.
Market Dynamics:
The global spirulina market is expected to experience strong growth over the next decade due to various drivers, restraints, and opportunities. The major market driver is the growing health and wellness trend which has increased demand for super foods like spirulina that contain abundant nutrients. Rising obesity and cases of chronic diseases are also prompting more people to consume spirulina for its medicinal properties. However, the high production cost and lack of awareness in some regions are hindering market expansion. On the other side, new product launches with varied flavors and convenient packaging are opening up opportunities. Moreover, spirulina is gaining popularity as a natural food colorant and feed additive, broadening its applications.
Key Features of the Study:
This report provides an in-depth analysis of the global spirulina market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players in the global spirulina market
Key companies covered as a part of this study include Cyanotech Corporation, Sensient Technologies Corporation, NB Laboratories Pvt Ltd, DIC Corporation, Fuqing King Dnarmsa Spirulina Co. Ltd, Evergreen Agro Creations, Indian Agri Farm, Alpspure Lifesciences Pvt. Ltd., Ideal Natural Extract, Lifevision Healthcare, Grenera Nutrients Private Limited, and Far East Bio-Tec Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global spirulina market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spirulina market
Detailed Segmentation-
By Form:
Powder
Tablet/Capsules
Liquid
Granules
By Composition:
Protein
Carbohydrates
Minerals
Lipids
Others
By End Use Industry:
Food & Beverages
Meat & Poultry
Bakery
Confectionary
Nutraceuticals
Cosmetics and Personal Care
Feed
Pharmaceuticals
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Cyanotech Corporation
Sensient Technologies Corporation
NB Laboratories Pvt Ltd
DIC Corporation
Fuqing King Dnarmsa Spirulina Co. Ltd
Evergreen Agro Creations
Indian Agri Farm
Alpspure Lifesciences Pvt. Ltd.
Ideal Natural Extract
Lifevision Healthcare
Grenera Nutrients Private Limited
Far East Bio-Tec Co., Ltd.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Form
Market Snippet, By Composition
Market Snippet, By End Use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Spirulina Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Spirulina Market – COVID-19
Impact Analysis
5. Global Spirulina Market, By Form, 2019-2031 (US$ Mn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Powder
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Tablet/Capsules
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Liquid
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Granules
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
6. Global Spirulina Market, By Composition, 2019-2031 (US$ Mn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Protein
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Carbohydrates
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Minerals
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Lipids
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Others
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
7. Global Spirulina Market, By End Use Industry, 2019-2031 (US$ Mn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Food & Beverages
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Sub Segment Trends
Meat & Poultry
Bakery
Confectionary
Nutraceuticals
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Cosmetics and Personal Care
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Feed
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Pharmaceuticals
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Others
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
8. Global Spirulina Market, By Region, 2019-2031 (US$ MN)
Introduction
Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Mn)
Market Size and Forecast, By Composition, 2019- 2031 (US$ Mn)
Market Size and Forecast, By End Use Industry, 2019- 2031 (US$ Mn)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Mn)
Market Size and Forecast, By Composition, 2019- 2031 (US$ Mn)
Market Size and Forecast, By End Use Industry, 2019- 2031 (US$ Mn)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Mn)
Market Size and Forecast, By Composition, 2019- 2031 (US$ Mn)
Market Size and Forecast, By End Use Industry, 2019- 2031 (US$ Mn)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Mn)
Market Size and Forecast, By Composition, 2019- 2031 (US$ Mn)
Market Size and Forecast, By End Use Industry, 2019- 2031 (US$ Mn)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Mn)
Market Size and Forecast, By Composition, 2019- 2031 (US$ Mn)
Market Size and Forecast, By End Use Industry, 2019- 2031 (US$ Mn)
Sub-regions/Countries
GCC Countries
Israel
Rest of Middle East & Africa
9. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
Cyanotech Corporation
Company Overview
Form Portfolio
Recent Developments/Updates
Sensient Technologies Corporation
Company Overview
Form Portfolio
Recent Developments/Updates
NB Laboratories Pvt Ltd
Company Overview
Form Portfolio
Recent Developments/Updates
DIC Corporation
Company Overview
Form Portfolio
Recent Developments/Updates
Fuqing King Dnarmsa Spirulina Co. Ltd
Evergreen Agro Creations
Indian Agri Farm
Alpspure Lifesciences Pvt. Ltd.
Ideal Natural Extract
Lifevision Healthcare
Grenera Nutrients Private Limited
Far East Bio-Tec Co., Ltd.
10. Analyst Recommendation
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Section
References
Research Methodology
About Us and Sales Contact
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