Global Spirulina Market By Form Overview
Introduction:
Spirulina represents a biomass of cyanobacteria that can be consumed by humans and other animals. Arthrospira plantensis and Anthrospira maxima are two main species of spirulina which are being further processed for various applications. Further, Arthrospira is used in dietary supplements and also used as whole food. It is available in tablet, capsule, flakes, powder, and liquid form. Moreover, spirulina is also used as a feed supplement in aquarium, aquaculture, and poultry industries widely.
Spirulina market is driven by the growing demand for natural food colors produced from spirulina. The natural health benefits of spirulina super food, such as it helps to balance body’s pH, reducing inflammation throughout the body in a safe and chemical-free way. Further, stringent regulations on synthetic colors and flavors is expected to boost the growth of global spirulina market. Moreover, due to the growing malnutrition across the globe, the government is involved in initiatives, to increase the production of spirulina, which will augment the growth of global spirulina market over the forecast period.
Furthermore, increasing usage of spirulina in the cosmetics and pharmaceutical industries is also expected to witnessed a strong market growth in near future. Less awareness of the benefits of spirulina and high cost associated with the production of spirulina is expected to hinder the growth of the spirulina market to some extent. However, lower stability and poor sustainability of natural colors derived from spirulina as compared to synthetic colors hampers the market growth during the forecast period.
Spirulina market is segmented by form, application and region. On the basis of form, the spirulina market is sub-segmented into Powder, Tablet & Capsule, Liquid, and granules. On the basis of application, the spirulina market is divided into Food and Beverage, Nutraceuticals, Feed, Cosmetics &Personal Care, pharmaceuticals.
On the basis of region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to be a leading revenue contributor to the spirulina market throughout the forecast period. This is attributed to its increasing demand for naturally derived food coloring agents in the region. However, Asia-Pacific is expected to grow at the highest CAGR over the forecast period as it offers lucrative opportunities for the market players due to robust growth of the food processing industry in the region. Further countries such as India and South Africa are promoting the production of spirulina, considering its health benefits, which is further expected to fuel the growth of the target market during the forecast period.
The key players of spirulina market are- Cyanotech Corporation, DIC Corporation, Chr. Hansen Holding A/S, Dongtai City Spirulina Bio-engineering Co., Ltd., Algenol Biofuels Inc., Prolgae, Sensient Technologies Corporation, Parry Neutraceuticals, DDW Inc., Naturex S.A., and Algatec. Further, to increase the spirulina market demand globally, the manufacturers are focusing to develop and launch new varieties of natural food colors produced from spirulina.
Global Spirulina Market By Form Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Form
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Form, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Powder
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Tablet
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Capsule
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Liquid
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- granules
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Food
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Beverage
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Nutraceuticals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Feed
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cosmetics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Personal Care
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Form, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Cyanotech Corporation
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DIC Corporation
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hansen Holding A/S
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dongtai City Spirulina Bio-engineering Co.
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Algenol Biofuels Inc
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Prolgae
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sensient Technologies Corporation
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Parry Neutraceuticals
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DDW Inc
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Naturex S.A.
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Algatec
- Company Overview
- Form Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
Spirulina market is segmented by form, application and region.
Emerging trends include increased demand for plant-based protein sources, the growing popularity of natural and organic products, and expanding applications in food and nutraceuticals. Opportunities arise from the rising awareness of health benefits and sustainable production methods.
Key factors include the demand for natural and functional foods, the rise of vegetarian and vegan lifestyles, increasing interest in health and wellness, and the nutritional richness of spirulina.
Regions covered include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the market due to the presence of major spirulina producers, increasing health-conscious consumer base, and growing applications in food and dietary supplements.
The key players of spirulina market are- Cyanotech Corporation, DIC Corporation, Chr. Hansen Holding A/S, Dongtai City Spirulina Bio-engineering Co., Ltd., Algenol Biofuels Inc., Prolgae, Sensient Technologies Corporation, Parry Neutraceuticals, DDW Inc., Naturex S.A., and Algatec.