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

Description

Persistence Market Research has recently released a detailed report on the global Spirulina Extract Market. This report provides an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges, offering comprehensive insights into the market landscape.

Key Insights:

Spirulina Extract Market Size (2024E): USD 253.5 Mn
Projected Market Value (2033F): USD 502.4 Mn
Global Market Growth Rate (CAGR 2024 to 2033): 7.9%

Spirulina Extract Market - Report Scope:

Spirulina extract, derived from the blue-green algae Spirulina, is increasingly recognized for its health benefits and nutritional value. As a rich source of proteins, vitamins, and antioxidants, spirulina is used in dietary supplements, functional foods, and cosmetics. The market encompasses various forms of spirulina extracts, including powder, tablets, and capsules, catering to diverse consumer needs and preferences. Growth in the spirulina extract market is driven by rising health consciousness, increasing demand for plant-based supplements, and a growing awareness of spirulina's potential health benefits.

Market Growth Drivers:

The global spirulina extract market is driven by several key factors, including the rising prevalence of chronic diseases and the growing trend towards preventive healthcare. The increasing adoption of plant-based diets and the expanding application of spirulina in nutraceuticals and personal care products are further fueling market growth. Additionally, the surge in consumer interest in organic and natural products is contributing to the rising demand for spirulina extracts. The market is also supported by advancements in cultivation techniques and improvements in product quality, enhancing the overall appeal and accessibility of spirulina extract.

Market Restraints:

Despite its promising outlook, the spirulina extract market faces certain challenges. These include fluctuations in raw material prices, potential contamination issues, and the high cost of advanced extraction and processing technologies. Furthermore, the market is affected by regulatory constraints related to product quality and safety standards, which can impact market entry and growth. Additionally, limited consumer awareness in some regions and competition from alternative supplements may pose challenges to market expansion.

Market Opportunities:

The spirulina extract market presents substantial growth opportunities driven by innovations in product formulations, expanding applications, and increasing consumer awareness. The development of new spirulina-based products, such as functional foods and beverages, provides avenues for market expansion. Additionally, growing research on spirulina's health benefits and its potential use in treating various health conditions could open new market segments. Strategic collaborations between spirulina producers, health and wellness companies, and research institutions are essential to leverage these opportunities and drive market growth.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the spirulina extract market globally?
Which forms of spirulina extract are gaining popularity in different regions?
How are technological advancements influencing the spirulina extract market?
Who are the key players in the spirulina extract market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the spirulina extract market?

Competitive Intelligence and Business Strategy:

Leading players in the spirulina extract market, including companies like Cyanotech Corporation, DIC Corporation, and Earthrise Nutritionals, focus on innovation, quality enhancement, and strategic partnerships to maintain a competitive edge. These companies invest in research and development to improve spirulina cultivation methods, extraction processes, and product formulations. Collaborations with health and wellness brands, dietary supplement manufacturers, and research institutions help expand market reach and promote spirulina extract benefits. Emphasis on product quality, sustainability, and consumer education is crucial for market success and growth.

Key Companies Profiled:

Chr. Hansen A/S
Cyanotech Corp.
DDW Inc.
DIC Corporation
Dongtai City Spirulina Bio-Engineering Co., Ltd.
Fuqing King Dnarmsa Spirulina Co., Ltd.
GNC Holdings, Inc.
Now Health Group Inc.
Sensient Technologies Corp.
Parry Nutraceuticals Limited
Naturalin Bio-Resources Co., Ltd
Far East Bio-Tec Co., Ltd.
Dohler GmbH
Naturex S.A.
Fraken Biochem Co., Ltd.

Spirulina Extract Industry Research by Category

By Nature:

Conventional
Organic

By Form:

Powder
Tablet and Capsule
Liquid

By Application:

Food and Beverage
Nutraceuticals
Animal Feed
Cosmetics & Personal care

By Region:

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

Product Code: PMRREP20068

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. 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
- 3.1.1. Increasing Consumer Acceptance of Personalized Nutrition to Benefit Weight Management Market
- 3.1.2. Consumption of Dietary Supplements in Emerging Countries to Drive Sales of Weight Management Products
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. Production and Trade Analysis

5.1. Global Production (Metric Tons) Estimates* of Raw Materials, 2024
5.2. Import and Export (Value and Volume) of Parent Categories, by Geography

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

6.1. Historical Market Volume (Tons) Analysis, 2019-2023
6.2. Current and Future Market Volume (Tons) Projections, 2024-2033
6.3. Y-o-Y Growth Trend Analysis

7. Global Spirulina Extract Market - Pricing Analysis

7.1. Regional Pricing Trend Analysis, 2019-2023
7.2. Global Average Pricing Analysis Benchmark

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

8.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
8.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 8.2.1. Y-o-Y Growth Trend Analysis
- 8.2.2. Absolute $ Opportunity Analysis

9. Market Background

9.1. Macro-Economic Factors
- 9.1.1. Global GDP Growth Outlook
- 9.1.2. Global Food & Beverage industry Overview
- 9.1.3. Global GDP and Infrastructure Investment
- 9.1.4. International Trade
- 9.1.5. Global Industry Outlook
9.2. Forecast Factors - Relevance & Impact
- 9.2.1. Top Companies Historical Growth
- 9.2.2. GDP Growth forecast
- 9.2.3. Manufacturing Industry forecast
- 9.2.4. Global Urbanization Growth Outlook
- 9.2.5. Business Climate
9.3. Global Food and Beverage Industry Overview
- 9.3.1. Food & Beverage Industry Key Indicators
9.4. Overview of Refrigeration Techniques
9.5. Supply Chain & Value-Chain Analysis
- 9.5.1. Raw Material Suppliers
- 9.5.2. Product Manufacturers
- 9.5.3. Distribution Channel Industries
9.6. Regional Spirulina Extracts Associations and Organizations
9.7. Policy Developments and Regulatory Scenario
- 9.7.1. The United States Food and Drug Administration (FDA)
- 9.7.2. Canadian Food Inspection Agency
- 9.7.3. European Food Safety Authority (EFSA)
- 9.7.4. The Food Safety and Standards Authority of India (FSSAI)
- 9.7.5. Ministry of Health, Labor and Welfare. (MHLW), Japan
- 9.7.6. National Health Commission (NHC), China
- 9.7.7. Food Standards Australia New Zealand (FSANZ)
9.8. Market Dynamics
- 9.8.1. Drivers
- 9.8.2. Restraints
- 9.8.3. Opportunity Analysis
9.9. Global Supply Demand Analysis

10. Global Spirulina Extract Market Analysis 2019-2023 and Forecast 2024-2033, by Nature

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Nature, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Nature, 2024-2033
- 10.3.1. Conventional
- 10.3.2. Organic
10.4. Market Attractiveness Analysis By Nature

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

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Form, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Form, 2024-2033
- 11.3.1. Powder
- 11.3.2. Tablet and Capsule
- 11.3.3. Liquid
11.4. Market Attractiveness Analysis By Form

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

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2033
- 12.3.1. Food and Beverage
- 12.3.2. Nutraceuticals
- 12.3.3. Animal Feed
- 12.3.4. Cosmetics & Personal care
- 12.3.5. Others
12.4. Market Attractiveness Analysis By Application

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

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. South Asia and Pacific
- 13.3.5. East Asia
- 13.3.6. Middle East and Africa (MEA)
13.4. Market Attractiveness Analysis By Region

14. North America Spirulina Extract 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
  - 14.4.1.1. U.S.
  - 14.4.1.2. Canada
- 14.4.2. By Nature
- 14.4.3. By Form
- 14.4.4. By Application
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Nature
- 14.5.3. By Form
- 14.5.4. By Application
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Latin America Spirulina Extract 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. Brazil
  - 15.4.1.2. Mexico
  - 15.4.1.3. Argentina
  - 15.4.1.4. Rest of Latin America
- 15.4.2. By Nature
- 15.4.3. By Form
- 15.4.4. By Application
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Nature
- 15.5.3. By Form
- 15.5.4. By Application
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. Europe Spirulina Extract 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. Germany
  - 16.4.1.2. Italy
  - 16.4.1.3. France
  - 16.4.1.4. U.K.
  - 16.4.1.5. Spain
  - 16.4.1.6. BENELUX
  - 16.4.1.7. Russia
  - 16.4.1.8. Poland
  - 16.4.1.9. Rest of Europe
- 16.4.2. By Nature
- 16.4.3. By Form
- 16.4.4. By Application
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Nature
- 16.5.3. By Form
- 16.5.4. By Application
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Spirulina Extract 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. India
  - 17.4.1.2. ASEAN
  - 17.4.1.3. Oceania (Australia & New Zealand)
  - 17.4.1.4. Rest of South Asia & Pacific
- 17.4.2. By Nature
- 17.4.3. By Form
- 17.4.4. By Application
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Nature
- 17.5.3. By Form
- 17.5.4. By Application
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. East Asia Spirulina Extract 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. China
  - 18.4.1.2. Japan
  - 18.4.1.3. South Korea
- 18.4.2. By Nature
- 18.4.3. By Form
- 18.4.4. By Application
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Nature
- 18.5.3. By Form
- 18.5.4. By Application
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

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

19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 19.4.1. By Country
  - 19.4.1.1. GCC Countries
  - 19.4.1.2. Turkey
  - 19.4.1.3. Northern Africa
  - 19.4.1.4. South Africa
  - 19.4.1.5. Rest of Middle East and Africa
- 19.4.2. By Nature
- 19.4.3. By Form
- 19.4.4. By Application
19.5. Market Attractiveness Analysis
- 19.5.1. By Country
- 19.5.2. By Nature
- 19.5.3. By Form
- 19.5.4. By Application
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis

20. Country Wise Spirulina Extract Market Analysis, 2024

20.1. Introduction
- 20.1.1. Market Value Proportion Analysis, By Key Countries
- 20.1.2. Global Vs. Country Growth Comparison
20.2. U.S. Spirulina Extract Market Analysis
- 20.2.1. By Nature
- 20.2.2. By Form
- 20.2.3. By Application
20.3. Canada Spirulina Extract Market Analysis
- 20.3.1. By Nature
- 20.3.2. By Form
- 20.3.3. By Application
20.4. Mexico Spirulina Extract Market Analysis
- 20.4.1. By Nature
- 20.4.2. By Form
- 20.4.3. By Application
20.5. Brazil Spirulina Extract Market Analysis
- 20.5.1. By Nature
- 20.5.2. By Form
- 20.5.3. By Application
20.6. Argentina Spirulina Extract Market Analysis
- 20.6.1. By Nature
- 20.6.2. By Form
- 20.6.3. By Application
20.7. Germany Spirulina Extract Market Analysis
- 20.7.1. By Nature
- 20.7.2. By Form
- 20.7.3. By Application
20.8. Italy Spirulina Extract Market Analysis
- 20.8.1. By Nature
- 20.8.2. By Form
- 20.8.3. By Application
20.9. France Spirulina Extract Market Analysis
- 20.9.1. By Nature
- 20.9.2. By Form
- 20.9.3. By Application
20.10. U.K. Spirulina Extract Market Analysis
- 20.10.1. By Nature
- 20.10.2. By Form
- 20.10.3. By Application
20.11. Spain Spirulina Extract Market Analysis
- 20.11.1. By Nature
- 20.11.2. By Form
- 20.11.3. By Application
20.12. Poland Spirulina Extract Market Analysis
- 20.12.1. By Nature
- 20.12.2. By Form
- 20.12.3. By Application
20.13. Russia Spirulina Extract Market Analysis
- 20.13.1. By Nature
- 20.13.2. By Form
- 20.13.3. By Application
20.14. China Spirulina Extract Market Analysis
- 20.14.1. By Nature
- 20.14.2. By Form
- 20.14.3. By Application
20.15. Japan Spirulina Extract Market Analysis
- 20.15.1. By Nature
- 20.15.2. By Form
- 20.15.3. By Application
20.16. S. Korea Spirulina Extract Market Analysis
- 20.16.1. By Nature
- 20.16.2. By Form
- 20.16.3. By Application
20.17. India Spirulina Extract Market Analysis
- 20.17.1. By Nature
- 20.17.2. By Form
- 20.17.3. By Application
20.18. Oceania (Australia and New Zealand) Spirulina Extract Market Analysis
- 20.18.1. By Nature
- 20.18.2. By Form
- 20.18.3. By Application
20.19. Turkey Spirulina Extract Market Analysis
- 20.19.1. By Nature
- 20.19.2. By Form
- 20.19.3. By Application
20.20. South Africa Spirulina Extract Market Analysis
- 20.20.1. By Nature
- 20.20.2. By Form
- 20.20.3. By Application

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies (Spirulina Extract)
21.2. Market Share Analysis of Top Players
21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
- 22.3.1. Chr. Hansen A/S
  - 22.3.1.1. Overview
  - 22.3.1.2. Product Portfolio
  - 22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.1.4. Sales Footprint
  - 22.3.1.5. Strategy Overview
- 22.3.2. Cyanotech Corp.
  - 22.3.2.1. Overview
  - 22.3.2.2. Product Portfolio
  - 22.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.2.4. Sales Footprint
  - 22.3.2.5. Strategy Overview
- 22.3.3. DDW Inc.
  - 22.3.3.1. Overview
  - 22.3.3.2. Product Portfolio
  - 22.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.3.4. Sales Footprint
  - 22.3.3.5. Strategy Overview
- 22.3.4. DIC Corporation
  - 22.3.4.1. Overview
  - 22.3.4.2. Product Portfolio
  - 22.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.4.4. Sales Footprint
  - 22.3.4.5. Strategy Overview
- 22.3.5. Dongtai City Spirulina Bio-Engineering Co., Ltd.
  - 22.3.5.1. Overview
  - 22.3.5.2. Product Portfolio
  - 22.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.5.4. Sales Footprint
  - 22.3.5.5. Strategy Overview
- 22.3.6. Fuqing King Dnarmsa Spirulina Co., Ltd.
  - 22.3.6.1. Overview
  - 22.3.6.2. Product Portfolio
  - 22.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.6.4. Sales Footprint
  - 22.3.6.5. Strategy Overview
- 22.3.7. GNC Holdings, Inc.
  - 22.3.7.1. Overview
  - 22.3.7.2. Product Portfolio
  - 22.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.7.4. Sales Footprint
  - 22.3.7.5. Strategy Overview
- 22.3.8. Now Health Group Inc.
  - 22.3.8.1. Overview
  - 22.3.8.2. Product Portfolio
  - 22.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.8.4. Sales Footprint
  - 22.3.8.5. Strategy Overview
- 22.3.9. Sensient Technologies Corp.
  - 22.3.9.1. Overview
  - 22.3.9.2. Product Portfolio
  - 22.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.9.4. Sales Footprint
  - 22.3.9.5. Strategy Overview
- 22.3.10. Parry Nutraceuticals Limited
  - 22.3.10.1. Overview
  - 22.3.10.2. Product Portfolio
  - 22.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.10.4. Sales Footprint
  - 22.3.10.5. Strategy Overview
- 22.3.11. Naturalin Bio-Resources Co., Ltd
  - 22.3.11.1. Overview
  - 22.3.11.2. Product Portfolio
  - 22.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.11.4. Sales Footprint
  - 22.3.11.5. Strategy Overview
- 22.3.12. Far East Bio-Tec Co., Ltd.
  - 22.3.12.1. Overview
  - 22.3.12.2. Product Portfolio
  - 22.3.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.12.4. Sales Footprint
  - 22.3.12.5. Strategy Overview
- 22.3.13. Dohler GmbH
  - 22.3.13.1. Overview
  - 22.3.13.2. Product Portfolio
  - 22.3.13.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.13.4. Sales Footprint
  - 22.3.13.5. Strategy Overview
- 22.3.14. Naturex S.A.
  - 22.3.14.1. Overview
  - 22.3.14.2. Product Portfolio
  - 22.3.14.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.14.4. Sales Footprint
  - 22.3.14.5. Strategy Overview
- 22.3.15. Fraken Biochem Co., Ltd.
  - 22.3.15.1. Overview
  - 22.3.15.2. Product Portfolio
  - 22.3.15.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.15.4. Sales Footprint
  - 22.3.15.5. Strategy Overview