Global Spirulina Extract Market - 2023-2030
Market Overview
Spirulina occurs as a fine, uniform powder or flakes, darks blue-green to green in color. Spirulina extract is prepared by the filtered aqueous extraction of the dried biomass of Arthrospira platensis and contains phycocyanins as the principal coloring components. Spirulina is an alga with high nutritional content that has been used as a food source since ancient times. It is a whole product of biological origins and consists of dried cyanobacterium Arthrospira biomasses which are filamentous microscopic organisms that occur abundantly in an almost uni-algal form in highly alkaline lakes. The high pH and alkalinity prevent other algae from growing, so it is effectively grown outdoors, free from cross-contamination by other algae. Spirulina extract, on the other hand, is a naturally obtained blue pigment from a phycocyanin derivative of spirulina. It can be used as a natural food colorant and a functional food ingredient.
Rising health concerns, consistent innovation in spirulina extract-based food products, and plenty of other reasons are expected to drive the sales of spirulina extracts during the forecast period. Additionally, spirulina extracts have increased usage across sectors because of the increasing demand for natural food colors due to spirulina benefits. It has consequently allowed the manufacturers to develop a wide variety of dairy products, pet foods, and confectionaries, increasing the demand for spirulina extracts.
The global spirulina extract market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 6.36% during the forecast period (2023-2030).
- 1. Scope and Methodology
- 1.1. Research Methodology
- 1.2. Scope of the Market
- 2. Key Trends and Developments
- 3. Executive Summary
- 3.1. Market Snippet by Form
- 3.2. Market Snippet by Application
- 3.3. Market Snippet by Region
- 4. Market Dynamics
- 4.1. Market impacting factors
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.2. Impact analysis
- 5. Industry Analysis
- 5.1. Porter's five forces analysis
- 5.2. Supply Chain Analysis
- 5.3. Demand and Supply Side Analysis
- 5.4. Regulatory Analysis
- 5.5. Technological Advancements
- 6. COVID-19 Analysis
- 6.1. Analysis of Covid-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid Covid-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 7. By Form
- 7.1. Introduction
- 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Form Segment
- 7.1.2. Market attractiveness index, By Form Segment
- 7.2. Powder*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis, US$ Million, 2021-2030 And Y-O-Y Growth Analysis (%), 2022-2030
- 7.3. Tablet/Capsule
- 7.4. Liquid
- 7.5. Granule
- 8. By Application
- 8.1. Introduction
- 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
- 8.1.2. Market attractiveness index, By Application Segment
- 8.2. Food and Beverage*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis, US$ Million, 2021-2030 And Y-O-Y Growth Analysis (%), 2022-2030
- 8.3. Cosmetics/Personal Care
- 8.4. Animal Feed
- 8.5. Pharmaceuticals
- 8.6. Nutraceuticals
- 8.7. Others
- 9. By Region
- 9.1. Introduction
- 9.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key region-specific dynamics
- 9.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
- 9.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.2.5.1. U.S.
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. South America
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
- 9.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.3.5.1. Brazil
- 9.3.5.2. Argentina
- 9.3.5.3. Rest of South America
- 9.4. Europe
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
- 9.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.4.5.1. Germany
- 9.4.5.2. U.K.
- 9.4.5.3. France
- 9.4.5.4. Spain
- 9.4.5.5. Italy
- 9.4.5.6. Rest of Europe
- 9.5. Asia Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
- 9.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.5.5.1. China
- 9.5.5.2. India
- 9.5.5.3. Japan
- 9.5.5.4. Australia
- 9.5.5.5. Rest of Asia Pacific
- 9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
- 9.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 10. Competitive Landscape
- 10.1. Competitive scenario
- 10.2. Competitor strategy analysis
- 10.3. Market positioning/share analysis
- 10.4. Mergers and acquisitions analysis
- 11. Company Profiles
- 11.1. Chr. Hansen A/S*
- 11.1.1. Company Overview
- 11.1.2. Application Portfolio and Description
- 11.1.3. Key Highlights
- 11.1.4. Financial Overview
- 11.2. Cyanotech Corp.
- 11.3. DDW Inc.
- 11.4. DIC Corporation
- 11.5. Dongtai City Spirulina Bio-Engineering Co., Ltd.
- 11.6. Fuqing King Dnarmsa Spirulina Co., Ltd.
- 11.7. GNC Holdings, Inc.
- 11.8. Now Health Group Inc.
- 11.9. Sensient Technologies Corp.
- 11.10. Parry Nutraceuticals Limited
- *List not Exhaustive*
- 12. DataM
- 12.1. Appendix
- 12.2. About us and services
- 12.3. Contact us
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