Spirulina Protein Market Size - By Species, Dosage Form, Application & Forecast, 2024-2032

Description

Global Spirulina Protein Market size will expand at 7.5% CAGR from 2024 to 2032, due to increasing alliances within the health and nutrition sectors alongside the pressing need for well-documented nutritional benefits.

Companies and research institutions are actively collaborating to explore new applications and enhance the protein availability in various products. These partnerships are also optimizing the integration of spirulina protein into dietary supplements, functional foods, and plant-based alternatives for addressing the dietary needs and supporting overall health. For instance, in January 2023, SimpliiGood and Haifa Group signed a long-term agreement to transform spirulina production to enhance sustainability and quality whilst potentially introducing spirulina as an alternative to eggs, gluten, and other food additives in new products.

The market is segregated into dosage form, species, application, and region.

In terms of dosage form, the powder segment in the spirulina protein industry is set to experience significant growth rate through 2032 due to its versatility and nutritional benefits. Researchers and manufacturers are developing new methods to enhance the solubility, flavor, and nutrient retention of spirulina protein powders. Increasing efforts are refining the drying and processing techniques to maintain the high-quality profile of the protein while improving its ease of use in various products. Rising incorporation into dietary supplements, smoothies, and meal replacements to render rich protein content and health benefits will boost the segment growth.

By species, the spirulina protein market from the arthrospira maxima segment is projected to rise from 2024 to 2032. Researchers are actively studying the arthrospira maxima species to enhance its cultivation and processing methods to maximize protein yield and bioavailability. Increasing advancements are optimizing growth conditions and extraction techniques to improve the purity and effectiveness of this protein. The ongoing innovations are further expanding its role in supporting health and wellness for making it a more prominent component in dietary and health-enhancing products.

Regionally, the North America spirulina protein industry size is projected to depict robust CAGR between 2024 and 2032, on account of the growth in sports and fitness nutrition along with advancements in cultivation technology. Companies in the region are enhancing the spirulina protein profile to meet the rising demand for effective and nutrient-rich supplements in the fitness sector. Lastly, enhanced cultivation technologies are driving production improvements for supporting the increasing interest and adoption of spirulina protein for its health benefits and performance-enhancing properties, adding to the regional market growth.

Product Code: 5387

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis
2.2 Product trends
2.3 Source trends
2.4 Application trends
2.5 Regional trends

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.1.4 Supply disruptions (If applicable)
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 to 2032
  - 3.3.4.1 North America
  - 3.3.4.2 Europe
  - 3.3.4.3 Asia Pacific
  - 3.3.4.4 Latin America
  - 3.3.4.5 Middle East & Africa
3.4 Regulations & market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Dosage Form, 2021-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Capsules
5.3 Powder
5.4 Tablets
5.5 Others

Chapter 6 Market Size and Forecast, By Species, 2021-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 Arthospira plantesis
6.3 Arthospira maxima
6.4 Others

Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 Dietary supplements
7.3 Functional food & beverage
- 7.3.1 Bakery & confectionery
- 7.3.2 Breakfast cereals
- 7.3.3 Snacks
- 7.3.4 Others
7.4 Pharmaceuticals
7.5 Animal feed
- 7.5.1 Poultry
- 7.5.2 Swine
- 7.5.3 Cattle
- 7.5.4 Aquaculture
- 7.5.5 Pet food
- 7.5.6 Others
7.6 Cosmetics
7.7 Others

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Malaysia
- 8.4.7 Indonesia
- 8.4.8 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Spirulina Protein
9.2 Far East Bio-Tec Co. Ltd.
9.3 Nutrex Hawaii Inc.
9.4 E.I.D Parry (India) Ltd.
9.5 Earthrise Nutritionals LLC
9.6 Phycom Microalgae
9.7 Cyanotech Corporation
9.8 JUNE Group of Companies
9.9 Yunnan Green A Biological Project Co., Ltd
9.10 Fuqing King Dnarmsa Spirulina Co., Ltd.
9.11 Prolgae Spirulina Supplies Pvt. Ltd.
9.12 Naturalin Bio-Resources Co., Ltd.