Spirulina Powder Market Outlook - Global Size & Growth by 2031

Analyst Perspective 

The global spirulina powder market is expected to register a CAGR of ~8%. Health and wellness trends, dietary trends, and environmental sustainability are significant factors that drive the spirulina powder market growth. Limited scientific research, lack of consumer awareness, and lack of availability are major challenging factors that may hamper spirulina powder growth. Soaring health and wellness trends, production innovation, and rising vegan and plant-based protein demand are growth-driven opportunities for the spirulina powder market. The market is anticipated to grow in the forecasted period due to increasing awareness of spirulina powder.

Market Overview

Spirulina, cyanobacterium recognized for its protein and amino acid richness, boosts a distinctive blue-green color recurrently used as a dietary supplement. It encompasses pigments like C phycocyanin and phycoerythrin, which is responsible for its color. These microalgae serve as a dietary supplement and harbors amino acids such as valine, linoleic acid, phenylalanine, and lysine, imparting antioxidants. Spirulina's amino acid profile contributes to various health benefits, including inflammation reduction, blood pressure stabilization, allergy relief, and diabetes risk reduction. Spirulina powder has versatile applications across the pharmaceuticals, food and beverage industries. The market is estimated to grow due to the increasing use of cosmetics and dietary supplements, growing health consciousness among individuals, and increasing research and development.

Market Drivers

• People are increasingly focused on preventative health and wellness solutions. Spirulina's impressive nutritional profile, packed with protein, antioxidants, vitamins, and minerals, aligns with the trend.
• Vegan and vegetarian diets are gaining popularity, and spirulina offers a complete plant-based protein source with all essential amino acids, attracting individuals seeking alternatives to animal-derived protein.
• Spirulina's anti-inflammatory and antioxidant properties are linked to reducing the risk of chronic diseases like heart disease, diabetes, and certain cancers. This preventive health aspect is driving the market growth.
• Athletes increasingly turn to spirulina for its potential to boost energy, improve endurance, and aid in muscle recovery. Its high iron content also helps combat anemia, a common issue among athletes.
• Above mentioned factors are likely to drive the market growth of spirulina powder.

Market Segmentation

The global spirulina powder market is segmented based on nature and application. The global spirulina powder market is segmented based on nature, organic, and conventional. The global spirulina powder market is segmented based on application in food and beverage, pharmaceuticals and nutraceuticals, animal feed, personal care, and others.

Regional Analysis

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global spirulina powder market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (M.E.A.), and South & Central America. The spirulina powder market by region is also sub-segmented by respective countries and segments. The spirulina powder market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the spirulina powder market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the spirulina powder market in these regions.

Key Players

The reports cover vital organic and inorganic growth strategy developments in the spirulina powder market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations, and acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the Spirulina powder market are expected to have lucrative growth opportunities with the increasing demand for filter products in the global market.

The report includes key companies' profiles, SWOT analysis, and spirulina powder market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the spirulina powder market.

• D.I.C. Corporation
• C.H.R. Hansen
• Cyanotech
• Naturex
• Aim Grow Biotech CO., Ltd.
• E.I.D - Parry (India) Ltd
• Fraken Biochem Co. Ltd
• Fuqing King Dnarmsa Spirulina Co., Ltd.
• Naturalin Bio-Resources Co , Ltd
• Sensient Cosmetic Technologies

REGIONAL FRAMEWORK

Spirulina Powder Market Report Analysis

MARKET PLAYERS

Spirulina Powder Market Report Scope