Spirulina Protein Market Share, Size, Trends, Industry Analysis Report, By Species (Arthrospira Plantesis and Arthrospira Maxima); By Form; By Application; By Region; Segment Forecast, 2023-2032

Spirulina Protein Market Share, Size, Trends, Industry Analysis Report, By Species (Arthrospira Plantesis and Arthrospira Maxima); By Form; By Application; By Region; Segment Forecast, 2023-2032

The global spirulina protein market size is expected treach USD 1,036.98 million by 2032, according ta new study by Polaris Market Research. The report “Spirulina Protein Market Share, Size, Trends, Industry Analysis Report, By Species (Arthrospira Plantesis and Arthrospira Maxima); By Form; By Application; By Region; Segment Forecast, 2023- 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Increasing usage of spirulina in the production of pharmaceuticals, vaccines, vitamins, nutraceuticals, and many other nutrients for the enhanced treatment of diabetes, multiple sclerosis, cancer, and many other chronic disorders are major factors influencing the growth of the market. In addition, the rapid increase in government and private initiatives supporting the spirulina development and improving the quality and sustainability of the product will further increase the opportunities for market growth.

For instance, in January 2023, SimpliiGood & Haifa Group announced they had signed a long-term strategic agreement ttransform the spirulina market. Under this agreement, both companies will focus on enhancing sustainability, efficiency, and quality of the spirulina production tbolster the supply chain of spirulina, innovate new products, and establish a global circular economy. Similarly, in January 2023, Ancient Nutrition unveiled its new organic SuperGreens formulation in powder formats. The new product line includes 25+ superfoods, mainly developed with proprietary blends teffectively deliver detoxification and nutrient boosts.

In recent years, spirulina has emerged as one of such ingredients that are being widely consumed by consumers worldwide, owing tits wide range of health benefits, and many people are using spirulina as a self-care strategy for energy, weight control, cleansing, and insurance. Apart from using spirulina protein as a food supplement for various nutritional deficiencies, it has alsgained more attention from different medical scientists as a nutraceutical. Owing tits highly diverse nutritive nature and several antioxidant and proactive health benefits, spirulina has gained significant traction among health enthusiasts across the globe, eventually boosting its demand and growth.

Spirulina Protein Market Report Highlights

Arthrospira plantesis segment accounted for largest market share in 2022, which is mainly driven by increased number of health-conscious people and growing consumer awareness regarding the benefits of spirulina

Powder segment held the significant market revenue share in 2022, on account of surge in the need for spirulina powder from the nutraceutical and various large food manufacturers

Functional food & beverages segment is expected tgrow at a significant CAGR during the anticipated period, due tthe adoption of spirulina products as a major source of healthy food ingredient

Asia Pacific region is projected temerge as fastest growing region over the study period, owing tpresence of favorable climatic situations and rise in the number of government initiatives towards the use of spirulina

Global key market players include Nutrex Hawaii, Cyanotech Corporation, DIC Corporation, Dongtai City Spirulina, & Phycom Microalgae

Polaris Market Research has segmented the spirulina protein market report based on species, form, application, and region:

Spirulina Protein, Species Outlook (Revenue - USD Million, 2019 - 2032)

Arthrospira Plantesis

Arthrospira Maxima

Spirulina Protein, Form Outlook (Revenue - USD Million, 2019 - 2032)

Capsule

Powder

Tablets

Spirulina Protein, Application Outlook (Revenue - USD Million, 2019 - 2032)

Dietary Supplements

Functional Foods and Beverages

Bakery & Confectionery

Pharmaceuticals

Animal Feed

Cosmetics

Others

Spirulina Protein, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa