Market Overview:
The global spirulina tablet market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for health supplements and rising awareness about the benefits of spirulina. Spirulina is a type of blue-green algae that is rich in proteins, vitamins, minerals, and antioxidants. It has various health benefits such as weight loss, improved digestion, better skin complexion, and enhanced energy levels. These factors are driving the demand for spirulina tablets across the globe. The global spirulina tablet market can be segmented on the basis of type into natural lakes aquaculture spirulina and plant breeding spirulina. The natural lakes aquaculture segment dominates the global market owing to its high nutritional value and easy availability. On the basis of application,the market can be divided into health products, feed supplements,,and others (such as biofuel production).
Product Definition:
A Spirulina Tablet is a tablet that contains the powdered form of the algae spirulina. It is often used as a dietary supplement, as it is high in protein and other nutrients.
Natural Lakes Aquaculture Spirulina:
Natural lakes aquaculture spirulina, also known as microalgal culture or micro algae cultivation is a new technology for producing spirulina at scale. Natural lakes are used as a natural resource to produce spirulina tablets in the absence of any external resources.
Plant Breeding Spirulina:
Plant breeding is the process of selecting and reproducing plants with desirable characteristics. This can be done by either selection or hybridization depending on the situation. Plant breeders have been successful in producing many crops that are higher in nutrition, yield more food, resist diseases better, etc. One such crop is spirulina tablet which has over 25 nutrients and has a high concentration of protein & vitamins as well as other essential minerals & vitamins present in it's tablet form.
Application Insights:
Health products segment held the largest market share of over 70% in 2017. Spirulina has been used as a natural health product for weight loss, to improve immunity and as an anti-aging agent. Rising awareness regarding various benefits of spirulina is expected to drive the demand for tablets over the forecast period. Feed was the second largest application segment in 2017 and is expected to grow at a significant rate during next eight years owing to high protein content that helps enhance animal productivity & growth performance.
Spirulina tablets are widely used in pet food on account of its excellent nutritional value and ability to promote coat coloration which makes it popular among dog owners worldwide due largely to its low price compared with other premium brands such as Blue Buffalo Co., Ltd.; however; there are no substantial data supporting their use in pet food leading up till now (2018).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to rising awareness about health benefits associated with spirulina tablets, increasing demand for natural products, and growing aquaculture industry in U.S., which is one of the major consumers of this product across the globe.
Asia Pacific is anticipated to emerge as a lucrative regional market during the same period owing to high product demand from countries like China and India on account of rising consumer awareness regarding health supplements & food products free from chemical additives & colors,.
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.
- increasing disposable income of consumers in developing countries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spirulina Tablet Market Research Report
By Type
Natural Lakes Aquaculture Spirulina, Plant Breeding Spirulina
By Application
Health Products, Feed, Others
By Companies
DIC LIFETEC, Cyanotech, Parry Nutraceuticals, Hydrolina Biotech, Fuqing King Dnarmsa, GreeNatr Premium, Nutrex Hawaii, HealthForce, Source Naturals, Triquetra Health, Solaray (Nutraceutical International Corporation), Viva Naturals, Yunnan Spirin Biotechnology, Lanbao, Shandong Binzhou Tianjian Biotechnology
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Spirulina Tablet Market Report Segments:
The global Spirulina Tablet market is segmented on the basis of:
Types
Natural Lakes Aquaculture Spirulina, Plant Breeding Spirulina
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 LIFETEC
- Cyanotech
- Parry Nutraceuticals
- Hydrolina Biotech
- Fuqing King Dnarmsa
- GreeNatr Premium
- Nutrex Hawaii
- HealthForce
- Source Naturals
- Triquetra Health
- Solaray (Nutraceutical International Corporation)
- Viva Naturals
- Yunnan Spirin Biotechnology
- Lanbao
- Shandong Binzhou Tianjian Biotechnology
Highlights of The Spirulina Tablet 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:
- Natural Lakes Aquaculture Spirulina
- Plant Breeding Spirulina
- 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 Tablet 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
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- 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 Tablet is a dietary supplement that contains spirulina, a type of blue-green algae. Spirulina is claimed to help improve overall health and well-being by providing nutrients and antioxidants.
Some of the key players operating in the spirulina tablet market are DIC LIFETEC, Cyanotech, Parry Nutraceuticals, Hydrolina Biotech, Fuqing King Dnarmsa, GreeNatr Premium, Nutrex Hawaii, HealthForce, Source Naturals, Triquetra Health, Solaray (Nutraceutical International Corporation), Viva Naturals, Yunnan Spirin Biotechnology, Lanbao, Shandong Binzhou Tianjian Biotechnology.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spirulina Tablet Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spirulina Tablet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spirulina Tablet Market - Supply Chain
4.5. Global Spirulina Tablet Market Forecast
4.5.1. Spirulina Tablet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spirulina Tablet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spirulina Tablet Market Absolute $ Opportunity
5. Global Spirulina Tablet Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spirulina Tablet Market Size and Volume Forecast by Type
5.3.1. Natural Lakes Aquaculture Spirulina
5.3.2. Plant Breeding Spirulina
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spirulina Tablet Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spirulina Tablet Market Size and Volume Forecast by Application
6.3.1. Health Products
6.3.2. Feed
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spirulina Tablet Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spirulina Tablet Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spirulina Tablet Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spirulina Tablet Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spirulina Tablet Demand Share Forecast, 2019-2026
9. North America Spirulina Tablet Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spirulina Tablet Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spirulina Tablet Market Size and Volume Forecast by Application
9.4.1. Health Products
9.4.2. Feed
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spirulina Tablet Market Size and Volume Forecast by Type
9.7.1. Natural Lakes Aquaculture Spirulina
9.7.2. Plant Breeding Spirulina
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spirulina Tablet Demand Share Forecast, 2019-2026
10. Latin America Spirulina Tablet Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spirulina Tablet Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spirulina Tablet Market Size and Volume Forecast by Application
10.4.1. Health Products
10.4.2. Feed
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spirulina Tablet Market Size and Volume Forecast by Type
10.7.1. Natural Lakes Aquaculture Spirulina
10.7.2. Plant Breeding Spirulina
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spirulina Tablet Demand Share Forecast, 2019-2026
11. Europe Spirulina Tablet Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spirulina Tablet Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spirulina Tablet Market Size and Volume Forecast by Application
11.4.1. Health Products
11.4.2. Feed
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spirulina Tablet Market Size and Volume Forecast by Type
11.7.1. Natural Lakes Aquaculture Spirulina
11.7.2. Plant Breeding Spirulina
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Cuntry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spirulina Tablet Demand Share, 2019-2026
12. Asia Pacific Spirulina Tablet Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spirulina Tablet Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spirulina Tablet Market Size and Volume Forecast by Application
12.4.1. Health Products
12.4.2. Feed
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spirulina Tablet Market Size and Volume Forecast by Type
12.7.1. Natural Lakes Aquaculture Spirulina
12.7.2. Plant Breeding Spirulina
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spirulina Tablet Demand Share, 2019-2026
13. Middle East & Africa Spirulina Tablet Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spirulina Tablet Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spirulina Tablet Market Size and Volume Forecast by Application
13.4.1. Health Products
13.4.2. Feed
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spirulina Tablet Market Size and Volume Forecast by Type
13.7.1. Natural Lakes Aquaculture Spirulina
13.7.2. Plant Breeding Spirulina
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spirulina Tablet Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spirulina Tablet Market: Market Share Analysis
14.2. Spirulina Tablet Distributors and Customers
14.3. Spirulina Tablet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DIC LIFETEC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cyanotech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Parry Nutraceuticals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hydrolina Biotech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fuqing King Dnarmsa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GreeNatr Premium
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nutrex Hawaii
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HealthForce
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Source Naturals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Triquetra Health
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Solaray (Nutraceutical International Corporation)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Viva Naturals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yunnan Spirin Biotechnology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lanbao
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shandong Binzhou Tianjian Biotechnology
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
