Spirulina Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the global Spirulina market. This report provides an in-depth evaluation of critical market dynamics, including drivers, trends, opportunities, and challenges, delivering detailed insights into the market structure.

Key Insights:

Spirulina Market Size (2024E): USD 232.4 Mn
Projected Market Value (2033F): USD 465.2 Mn
Global Market Growth Rate (CAGR 2024 to 2033): 8.0%

Spirulina Market - Report Scope:

Spirulina is a type of blue-green algae that is consumed as a dietary supplement due to its high nutritional value. It is rich in proteins, vitamins, minerals, and antioxidants, making it popular among health-conscious consumers. The Spirulina market caters to dietary supplement manufacturers, food and beverage companies, and cosmetic and pharmaceutical industries. Market growth is driven by increasing health awareness, rising demand for natural and organic products, and the expanding application of Spirulina in various end-use industries.

Market Growth Drivers:

The global Spirulina market is propelled by several key factors, including growing consumer awareness about the health benefits of Spirulina. Its high protein content and nutritional profile make it a popular choice for dietary supplements. The increasing prevalence of lifestyle-related health issues, such as obesity and diabetes, drives demand for natural health products. Additionally, the rising trend of veganism and the demand for plant-based proteins further stimulate market growth. Technological advancements in cultivation and processing techniques also enhance the quality and yield of Spirulina, contributing to market expansion.

Market Restraints:

Despite the promising growth prospects, the Spirulina market faces challenges related to high production costs and limited awareness in certain regions. The cultivation of Spirulina requires specific environmental conditions, which can be expensive to maintain. Additionally, the lack of standardized regulations and quality control measures poses challenges for market players. The availability of cheaper synthetic supplements and alternative protein sources also impacts market growth. Addressing these issues requires investment in R&D, improved cultivation practices, and increased consumer education to promote the benefits of Spirulina.

Market Opportunities:

The Spirulina market presents significant opportunities driven by increasing research and development activities and the expansion of its application in various industries. The development of new Spirulina-based products, such as functional foods, beverages, and cosmetics, offers potential for market growth. The use of Spirulina in animal feed and aquaculture also presents new revenue streams. Strategic partnerships, investments in sustainable cultivation methods, and the introduction of cost-effective solutions are essential for capitalizing on emerging opportunities and maintaining market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Spirulina market globally?
Which application areas are leading the adoption of Spirulina products?
How are technological advancements influencing the competitive landscape of the Spirulina market?
Who are the key players in the Spirulina market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Spirulina market?

Competitive Intelligence and Business Strategy:

Leading players in the global Spirulina market, including Cyanotech Corporation, DIC Corporation, and E.I.D Parry (India) Limited, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced Spirulina products and improve cultivation techniques. Collaborations with research institutions, food and beverage manufacturers, and cosmetic companies facilitate market access and promote new product development. Emphasis on sustainability, quality control, and comprehensive marketing strategies fosters market growth and enhances consumer adoption of Spirulina products.

Key Companies Profiled:

Cyanotech Corp.
Australian Spirulina
DDW Inc.
DIC Corporation
Chr. Hansen A/S
NUA Naturals
Dongtai City Spirulina Bio-Engineering Co., Ltd.
NB Laboratories Pvt. Ltd.
Prolgae Spirulina Supplies Pvt. Ltd.
Wellisen
Sami Direct General Trading L.L.C.
Organic Herb
Sanat Products Ltd.
Roeper GmbH
Zhejiang Binmei Biotechnology Co. Ltd.

Spirulina Industry Segmentation:

By Nature:

Organic
Conventional

By Form:

Powder
Tablets & Capsules
Liquid
Others

By End Use:

Nutraceutical
Food & Beverage Industry
Animal Feed
Cosmetics
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP14431

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Spirulina Market Demand Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis

6. Global Spirulina Market - Pricing Analysis

6.1. Regional Pricing Analysis By Nature
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark

7. Global Spirulina Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Industry Value Added
- 8.1.3. Global Urbanization Growth Outlook
- 8.1.4. Global Food Security Index Outlook
- 8.1.5. Global Rank - Ease of Doing Business
- 8.1.6. Global Rank - Trading Across Borders
8.2. Global Food & Beverage Industry Outlook
8.3. Global Organic Food and Beverage Outlook
8.4. Global Nutraceutical Market Outlook
8.5. Global Spirulina Market Overview
8.6. Export/Import Trade Analysis
8.7. End-Use Industry Demand Analysis
8.8. Types of Spirulina offered by Key Players
8.9. Value Chain Analysis and Operating Margins
- 8.9.1. List of Key Manufacturers
- 8.9.2. List of Key Brand Owners
- 8.9.3. List of Ingredient Suppliers
- 8.9.4. Operating Margins
- 8.9.5. Notes on Value Added at Each Node in the Value Chain
8.10. Key Regulations/Key Certifications/Claims
8.11. Market Dynamics
- 8.11.1. Drivers
- 8.11.2. Restraints
- 8.11.3. Opportunity Analysis
8.12. Forecast Factors - Relevance & Impact

9. Global Spirulina Market Analysis 2019-2023 and Forecast 2024-2033, By Nature

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Nature, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Nature, 2024-2033
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Spirulina Market Analysis 2019-2023 and Forecast 2024-2033, By Form

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Form 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Form, 2024-2033
- 10.3.1. Powder
- 10.3.2. Tablets & Capsules
- 10.3.3. Liquid
- 10.3.4. Others
10.4. Market Attractiveness Analysis By Form

11. Global Spirulina Market Analysis 2019-2023 and Forecast 2024-2033, By End Use

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2024-2033
- 11.3.1. Nutraceutical
- 11.3.2. Food & Beverage Industry
- 11.3.3. Animal Feed
- 11.3.4. Cosmetics
- 11.3.5. Others
11.4. Market Attractiveness Analysis By End Use

12. Global Spirulina Market Analysis 2019-2023 and Forecast 2024-2033, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. East Asia
- 12.3.5. South Asia & Pacific
- 12.3.6. Middle East and Africa
12.4. Market Attractiveness Analysis By Region

13. North America Spirulina Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.4.1. By Country
- 13.4.2. By Nature
- 13.4.3. By Form
- 13.4.4. By End Use
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Nature
- 13.5.3. By Form
- 13.5.4. By End Use
13.6. Key Market Participants - Intensity Mapping
13.7. Drivers and Restraints - Impact Analysis

14. Latin America Spirulina Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Country
- 14.4.2. By Nature
- 14.4.3. By Form
- 14.4.4. By End Use
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Nature
- 14.5.3. By Form
- 14.5.4. By End Use
14.6. Key Market Participants - Intensity Mapping
14.7. Drivers and Restraints - Impact Analysis

15. Europe Spirulina Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Country
  - 15.4.1.1. Germany
  - 15.4.1.2. Italy
  - 15.4.1.3. France
  - 15.4.1.4. U.K.
  - 15.4.1.5. Spain
  - 15.4.1.6. BENELUX
  - 15.4.1.7. Nordic
  - 15.4.1.8. Russia
  - 15.4.1.9. Poland
  - 15.4.1.10. Rest of Europe
- 15.4.2. By Nature
- 15.4.3. By Form
- 15.4.4. By End Use
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Nature
- 15.5.3. By Form
- 15.5.4. By End Use
15.6. Key Market Participants - Intensity Mapping
15.7. Drivers and Restraints - Impact Analysis

16. South Asia & Pacific Spirulina Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Country
  - 16.4.1.1. India
  - 16.4.1.2. ASEAN
  - 16.4.1.3. Oceania (Australia & New Zealand)
  - 16.4.1.4. Rest of South Asia
- 16.4.2. By Nature
- 16.4.3. By Form
- 16.4.4. By End Use
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Nature
- 16.5.3. By Form
- 16.5.4. By End Use
16.6. Key Market Participants - Intensity Mapping
16.7. Drivers and Restraints - Impact Analysis

17. East Asia Spirulina Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Country
  - 17.4.1.1. China
  - 17.4.1.2. South Korea
  - 17.4.1.3. Japan
- 17.4.2. By Nature
- 17.4.3. By Form
- 17.4.4. By End Use
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Nature
- 17.5.3. By Form
- 17.5.4. By End Use
17.6. Key Market Participants - Intensity Mapping
17.7. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Spirulina Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.4.1. By Country
  - 18.4.1.1. GCC Countries
  - 18.4.1.2. South Africa
  - 18.4.1.3. Rest of Middle East and Africa
- 18.4.2. By Nature
- 18.4.3. By Form
- 18.4.4. By End Use
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Nature
- 18.5.3. By Form
- 18.5.4. By End Use
18.6. Key Market Participants - Intensity Mapping
18.7. Drivers and Restraints - Impact Analysis

19. Country Level Spirulina Market Outlook

19.1. U.S. Spirulina Market
- 19.1.1. By Nature
- 19.1.2. By Form
- 19.1.3. By End Use
19.2. Brazil Spirulina Market
- 19.2.1. By Nature
- 19.2.2. By Form
- 19.2.3. By End Use
19.3. Mexico Spirulina Market
- 19.3.1. By Nature
- 19.3.2. By Form
- 19.3.3. By End Use
19.4. U.K. Spirulina Market
- 19.4.1. By Nature
- 19.4.2. By Form
- 19.4.3. By End Use
19.5. France Spirulina Market
- 19.5.1. By Nature
- 19.5.2. By Form
- 19.5.3. By End Use
19.6. Germany Spirulina Market
- 19.6.1. By Nature
- 19.6.2. By Form
- 19.6.3. By End Use
19.7. BENELUX Spirulina Market
- 19.7.1. By Nature
- 19.7.2. By Form
- 19.7.3. By End Use
19.8. Oceania Spirulina Market
- 19.8.1. By Nature
- 19.8.2. By Form
- 19.8.3. By End Use
19.9. China Spirulina Market
- 19.9.1. By Nature
- 19.9.2. By Form
- 19.9.3. By End Use
19.10. India Spirulina Market
- 19.10.1. By Nature
- 19.10.2. By Form
- 19.10.3. By End Use
19.11. ASEAN Spirulina Market
- 19.11.1. By Nature
- 19.11.2. By Form
- 19.11.3. By End Use

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies
20.2. Market Concentration
20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. Cyanotech Corp.
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Sales Footprint
  - 21.3.1.4. Strategy Overview
  - 21.3.1.5. Key Developments
- 21.3.2. Australian Spirulina
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Sales Footprint
  - 21.3.2.4. Strategy Overview
  - 21.3.2.5. Key Developments
- 21.3.3. DDW Inc.
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Sales Footprint
  - 21.3.3.4. Strategy Overview
  - 21.3.3.5. Key Developments
- 21.3.4. DIC Corporation
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Sales Footprint
  - 21.3.4.4. Strategy Overview
  - 21.3.4.5. Key Developments
- 21.3.5. Chr. Hansen A/S
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Sales Footprint
  - 21.3.5.4. Strategy Overview
  - 21.3.5.5. Key Developments
- 21.3.6. NUA Naturals
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Sales Footprint
  - 21.3.6.4. Strategy Overview
  - 21.3.6.5. Key Developments
- 21.3.7. Dongtai City Spirulina Bio-Engineering Co., Ltd.
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Sales Footprint
  - 21.3.7.4. Strategy Overview
  - 21.3.7.5. Key Developments
- 21.3.8. NB Laboratories Pvt. Ltd.
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Sales Footprint
  - 21.3.8.4. Strategy Overview
  - 21.3.8.5. Key Developments
- 21.3.9. Prolgae Spirulina Supplies Pvt. Ltd.
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Sales Footprint
  - 21.3.9.4. Strategy Overview
  - 21.3.9.5. Key Developments
- 21.3.10. Wellisen
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Sales Footprint
  - 21.3.10.4. Strategy Overview
  - 21.3.10.5. Key Developments
- 21.3.11. Sami Direct General Trading L.L.C.
  - 21.3.11.1. Overview
  - 21.3.11.2. Product Portfolio
  - 21.3.11.3. Sales Footprint
  - 21.3.11.4. Strategy Overview
  - 21.3.11.5. Key Developments
- 21.3.12. Organic Herb
  - 21.3.12.1. Overview
  - 21.3.12.2. Product Portfolio
  - 21.3.12.3. Sales Footprint
  - 21.3.12.4. Strategy Overview
  - 21.3.12.5. Key Developments
- 21.3.13. Sanat Products Ltd.
  - 21.3.13.1. Overview
  - 21.3.13.2. Product Portfolio
  - 21.3.13.3. Sales Footprint
  - 21.3.13.4. Strategy Overview
  - 21.3.13.5. Key Developments
- 21.3.14. Roeper GmbH
  - 21.3.14.1. Overview
  - 21.3.14.2. Product Portfolio
  - 21.3.14.3. Sales Footprint
  - 21.3.14.4. Strategy Overview
  - 21.3.14.5. Key Developments
- 21.3.15. Zhejiang Binmei Biotechnology Co. Ltd.
  - 21.3.15.1. Overview
  - 21.3.15.2. Product Portfolio
  - 21.3.15.3. Sales Footprint
  - 21.3.15.4. Strategy Overview
  - 21.3.15.5. Key Developments