Global Spirulina Powder Market Insights Forecasts to 2032
- The Global Spirulina Powder Market Size was valued at USD 480.56 Million in 2022.
- The Market is growing at a CAGR of 9.57% from 2022 to 2032
- The Worldwide Spirulina Powder Market is expected to reach USD 1198.95 Million by 2032
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Spirulina Powder Market Size is expected to reach USD 1198.95 Million by 2032, at a CAGR of 9.57% during the forecast period 2022 to 2032.
Spirulina is a type of algae that contains numerous nutrients and antioxidants, including protein, copper, magnesium, and potassium. Organic spirulina differs from inorganic spirulina in that it is grown without the use of pesticides and with natural earth fertilizers. Spirulina is not legally a microalga because its genetic information is not contained in a nucleus. It is a type of microbiological organism. In contrast to chlorella, which is a human species with a nucleus. The arthroscopic platensis is also known as spirulina. It gets its name from its immediately identifiable spiral shape of roughly ten micrometers, which is nearly five times smaller than the diameter of a single hair. An increasing focus on health and well-being has encouraged people to seek out functional foods that can help them feel better overall. The potential health benefits of spirulina powder, such as immune system support, detoxifying qualities, and potential anti-inflammatory properties, correlate with the expanding health-conscious consumer segment. Spirulina powder can be helpful for many types of deficiencies such as anemia mainly because of its iron concentration, for athletics for recovering after exercise and the production of red blood cells (vitamins B6 and B12), as well as to remain in good form. The global spirulina market is expanding since there is increased consumer demand for natural food components.
Global Spirulina Powder Market Report Coverage
|Market Size in 2022:||USD 480.56 Million|
|Forecast Period 2022-2032 CAGR:||9.57%|
|2032 Value Projection:||USD 1198.95 Million|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||COVID-19 Impact Analysis, By Cultivation Method, By Processing Method, By Certification, By Application, and By Region|
|Companies Covered:||Cyanotech Corporation, DIC Corporation, Parry Nutraceuticals, NOW Foods, Prologue Spirulina Supplies Pvt. Ltd., Dongtai City Spirulina Bio, Tianjin Norland Biotech Co., Ltd., Earthrise Spirulina, Algene Biotech, Hydrolina Biotech, Sensient Technologies Corporation, DIC Lifetec Co., Ltd., Chinghai Fufa Food Co., Ltd., Jiangxi Alga Biotech Co., Ltd., and Other key vendors|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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Expanding global population, and people's changing lifestyles. This is one of the most essential reasons driving market expansion. Apart from that, spirulina is often used in the removal and change of substances from wastewater such as vitamins and minerals, heavy metals, and dietary supplements. Furthermore, these products enhance the elasticity of the skin and smoothness as well as promote the renewal of damaged skin cells. Apart from that, they are widely utilized in the cosmetics and healthcare sectors all over the world because they aid in detoxing, cleaning, and toning the skin. Green spirulina is commonly employed in biological medications all over the world as a result of its widespread availability, toughness, and low cost. They are used to make pharmaceuticals, vitamins, vaccines, nutraceuticals, and other nutrients that are used to treat diabetes, multiple sclerosis, and cancer.
The high cost of production, along with the impact of the environment on spirulina ion, could still restrict the market's growth rate. In addition, consuming algae-based prescription medicine products such as chlorella, sun microalgae, and spirulina leads to gastrointestinal, stomach, and unpleasant symptoms. This factor will slow the spirulina market's overall growth. Furthermore, a lack of R&D activities as well as a lack of awareness may pose difficulties to the spirulina powder market throughout the projection period.
By Cultivation Method Insights
The open pond cultivation segment dominates the market with the largest revenue share over the forecast period.
On the basis of product type, the global spirulina powder market is segmented into open pond cultivation, closed photobioreactor systems, and hybrid systems. Among these, the open pond cultivation segment is dominating the market with the largest revenue share of 36.7% over the forecast period. This method is less expensive than closed-system alternatives, making it accessible to competitively priced spirulina products. It includes constructing a pond or tank out of concrete or plastic and filling it with water. After that, the pond is filled with spirulina culture and exposed to sunshine. To provide oxygen to the spirulina, the water is constantly pumped and aerated.
By Processing Method Insights
The spray drying segment is witnessing significant CAGR growth over the forecast period.
On the basis of the processing method, the global spirulina powder market is segmented into spray drying, freeze drying, and sun drying. Among these, the spray drying segment is witnessing significant CAGR growth over the forecast period. Spray drying is a gentle process that helps preserve the nutritional value of spirulina by keeping important vitamins, minerals, and proteins. Spray-dried spirulina powder has a high shelf life, so it's ideal for products with a longer shelf life.
By Certification Insights
The organic segment is expected to hold the largest global spirulina powder market share during the forecast period.
On the basis of the certification, the global spirulina powder market is segmented into organic, non-GMO, vegan, and gluten-free. Among these, the organic segment is witnessing significant CAGR growth over the forecast period. Organic certification ensures that the spirulina powder is produced without the use of synthetic pesticides, herbicides, or genetically modified organisms, in line with organic farming standards. Organic spirulina has antioxidant abilities of spirulina offers protection against oxidative damage.
By Application Insights
The dietary segment accounted for the largest revenue share of more than 44.1% over the forecast period.
On the basis of application, the global spirulina powder market is segmented into dietary, foods & beverages, cosmetics, animal feed, and pharmaceuticals. Among these, the dietary segment dominates the market with the largest revenue share of 44.1% over the forecast period. Since spirulina powder is high in protein, vitamins, minerals, and antioxidants, it is a popular element in nutritional supplements that promote general health and well-being. Furthermore, the food & beverage segment is expected to grow the fastest during the forecast period. It is widely utilized in the food and beverage industries since it contains a high concentration of natural pigments that impart a blue colour and may be blended with other patterns to create new customized colours such as lavender, violet, and green.
North America dominates the market with the largest market share over the forecast period.
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North America is dominating the market with more than 49% market share over the forecast. Since the region's highly developed healthcare sector, the presence of top manufacturers there, the high rate of spirulina uptake, and the rising need for organically derived coloring agents there. The increasing market for healthy and clean-label ingredients, such as colors, has created an opportunity for spirulina extracts. The need for natural additives is being driven by the US government's stringent restrictions and ban on synthetic food additives. Along with this, the primary factor is an immense population that is becoming increasingly interested in healthy food items, in which algae-based ingredients play a vital role.
Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. Algae production is high in Korea, China, and Indonesia. The increased blending of this algae species with nutraceuticals in non-dairy products is likely to drive regional market growth. Rising demand in the food and beverage sectors, China, and Korea are probable markets for spirulina. Tastes among consumers are changing towards minimally processed meals with greater aesthetic appeal, which has benefited the market performance of clean-label ingredients such as spirulina.
Europe market is expected to register a substantial CAGR growth rate during the forecast period. The European market will be primarily driven by the continent's rising demand for natural food colors. The growing need for natural, nutrient-rich results in the food business in nations such as France and the United Kingdom will further benefit the regional market.
List of Key Market Players
- Cyanotech Corporation
- DIC Corporation
- Parry Nutraceuticals
- NOW Foods
- Prologue Spirulina Supplies Pvt. Ltd.
- Dongtai City Spirulina Bio
- Tianjin Norland Biotech Co., Ltd.
- Earthrise Spirulina
- Algene Biotech
- Hydrolina Biotech
- Sensient Technologies Corporation
- DIC Lifetec Co., Ltd.
- Chinghai Fufa Food Co., Ltd.
- Jiangxi Alga Biotech Co., Ltd.
- Other key vendors
Key Market Developments
- On July 2021, Sensient Technologies (a flavour and color production enterprise based in Wisconsin) announced the successful acquisition of "Flavour Solutions," a food product supplying company based in the United States. The corporation kept the transaction's financials a secret.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global spirulina powder market based on the below-mentioned segments:
Spirulina Powder Market, Cultivation Method Analysis
- Open pond cultivation
- Closed photobioreactor systems
- Hybrid systems
Spirulina Powder Market, Processing Method Analysis
- Spray drying
- Freeze drying
- Sun drying
Spirulina Powder Market, Certification Analysis
Spirulina Powder Market, Application Analysis
- Foods & Beverages
- Animal feed
Spirulina Powder Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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