Market Overview:
The global spirulina market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for spirulina as a health supplement and its growing application in feed. Spirulina is a blue-green algae that is rich in proteins, vitamins, minerals, and antioxidants. It has various health benefits such as weight loss, improved cardiovascular health, better digestion, and enhanced cognitive function. The demand for spirulina as a dietary supplement is rising due to its high nutritional value and numerous health benefits. Additionally, the use of spirulina as an ingredient in animal feed is increasing owing to its high nutrient content and palatability.
Product Definition:
Spirulina is a type of blue-green algae that can be found in both fresh and salt water. It is often used as a dietary supplement because it is high in protein and other nutrients.
Spirulina Powder:
Spirulina is a blue-green alga, which is a rich source of protein, vitamins and minerals. It has been used in various food products such as ice creams and drinks. The powder form of spirulina can be consumed directly or it can be added to any liquid such as water or juice. It acts as an excellent natural sweetener for the liquids due to its high content of sugar substitute dehydrated complex carbohydrates (saccharides).
Spirulina Tablet:
Spirulina tablet is a nutritional supplement made from blue-green algae. It is widely used in food and beverage products as a natural flavoring agent. The product has been gaining popularity among fitness enthusiasts, athletes, and people involved in intense physical activities due to its high protein content of 22g per serving with only 100 calories.
The tablets are available in different forms such as powder, pellets,.
Application Insights:
The feed segment accounted for the largest revenue share of over 70% in 2017. Spirulina is widely used as a feed additive to improve animal health and enhance productivity. It is also added to pet food, which provides essential nutrients required by animals including protein, vitamin B6 and iron. The product helps in maintaining ideal body weight of pets by controlling their dietary intake; this factor is likely to propel its demand as a feed additive over the coming years.
Spirulina tablets are available for sale without prescription; however, they cannot be used instead of veterinary care due to potential side effects on liver & kidneys and other organs caused due to excess consumption of supplements containing high levels of silicon dioxide (a filler).
Regional Analysis:
North America was the largest regional market in 2017 and accounted for a share of more than 30%. The region is expected to witness significant growth over the forecast period owing to rising health consciousness among consumers. In addition, growing awareness about nutritional products is projected to propel industry expansion.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due with increasing disposable income levels and changing consumer lifestyle in emerging economies such as China and India. Moreover, growing demand for plant-based ingredients as an alternative source of protein will drive product demand further.
Growth Factors:
- Increasing awareness about the health benefits of Spirulina among consumers.
- Rising demand for organic and natural products.
- Growing popularity of plant-based diets and veganism.
- Proliferation of online retail channels that offer Spirulina supplements at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spirulina Market Research Report
By Type
Spirulina Powder, Spirulina Tablet, Spirulina Extracts
By Application
Health Products, Feed, Others
By Companies
DIC, Cyanotech, Parry Nutraceuticals, Hydrolina Biotech, King Dnarmsa, CBN, Green-A, Spirin, Chenghai Bao ER, Shenliu, SBD, Lanbao, Tianjian, Wuli Lvqi, Gangfa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Spirulina Market Report Segments:
The global Spirulina market is segmented on the basis of:
Types
Spirulina Powder, Spirulina Tablet, Spirulina Extracts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Health Products, Feed, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DIC
- Cyanotech
- Parry Nutraceuticals
- Hydrolina Biotech
- King Dnarmsa
- CBN
- Green-A
- Spirin
- Chenghai Bao ER
- Shenliu
- SBD
- Lanbao
- Tianjian
- Wuli Lvqi
- Gangfa
Highlights of The Spirulina Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spirulina Powder
- Spirulina Tablet
- Spirulina Extracts
- By Application:
- Health Products
- Feed
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spirulina Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spirulina is a blue-green algae that can be dried and used as a dietary supplement. Spirulina is high in protein, B vitamins, and minerals such as iron.
Some of the major companies in the spirulina market are DIC, Cyanotech, Parry Nutraceuticals, Hydrolina Biotech, King Dnarmsa, CBN, Green-A, Spirin, Chenghai Bao ER, Shenliu, SBD, Lanbao, Tianjian, Wuli Lvqi, Gangfa.
The spirulina market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spirulina Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spirulina Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spirulina Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spirulina Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spirulina Market Size & Forecast, 2020-2028
4.5.1 Spirulina Market Size and Y-o-Y Growth
4.5.2 Spirulina Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Spirulina Powder
5.2.2 Spirulina Tablet
5.2.3 Spirulina Extracts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Health Products
6.2.2 Feed
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spirulina Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spirulina Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Spirulina Powder
9.6.2 Spirulina Tablet
9.6.3 Spirulina Extracts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Health Products
9.10.2 Feed
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Spirulina Powder
10.6.2 Spirulina Tablet
10.6.3 Spirulina Extracts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Health Products
10.10.2 Feed
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Spirulina Powder
11.6.2 Spirulina Tablet
11.6.3 Spirulina Extracts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Health Products
11.10.2 Feed
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Spirulina Powder
12.6.2 Spirulina Tablet
12.6.3 Spirulina Extracts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Health Products
12.10.2 Feed
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Spirulina Powder
13.6.2 Spirulina Tablet
13.6.3 Spirulina Extracts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Health Products
13.10.2 Feed
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spirulina Market: Competitive Dashboard
14.2 Global Spirulina Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DIC
14.3.2 Cyanotech
14.3.3 Parry Nutraceuticals
14.3.4 Hydrolina Biotech
14.3.5 King Dnarmsa
14.3.6 CBN
14.3.7 Green-A
14.3.8 Spirin
14.3.9 Chenghai Bao ER
14.3.10 Shenliu
14.3.11 SBD
14.3.12 Lanbao
14.3.13 Tianjian
14.3.14 Wuli Lvqi
14.3.15 Gangfa
