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Spirulina Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global spirulina market grew at a CAGR of around 6% during 2015-2020. Spirulina refers to a food product made up of naturally occurring blue-green microalgae that grow in alkaline water bodies. It comprises of a biomass of cyanobacteria, which is primarily consumed by humans and animals as dietary and feed supplements, respectively. Spirulina acts as a rich source of protein, minerals, vitamins, antioxidants, etc. It offers numerous health benefits, such as improving heart health, reducing cancer risk, maintaining blood pressure levels, enhancing hemoglobin production, etc. As a result, spirulina finds extensive applications across diverse sectors, such as nutraceuticals, food and beverages, cosmetics, animal feed, etc.

The growing consumer awareness towards numerous health benefits of spirulina in mitigating the risk of several chronic ailments, including cardiac arrest, allergic rhinitis, cancer, renal diseases, etc., is primarily driving the market growth. Furthermore, the expanding nutraceutical sector is augmenting the wide availability of spirulina in the form of powder, tablets and capsules, gels, liquid, etc. Additionally, the prevalent trend of veganism has led to the increasing shift from a meat-based protein diet towards vegan alternatives, including spirulina, with a high protein content. Apart from this, spirulina is extensively adopted in the pharmaceutical sector for producing numerous drugs for inhibiting viral replication. Additionally, the growing demand for spirulina-based products in alleviating extreme hunger during emergency humanitarian disaster relief and military combat situations is also bolstering the market growth. Besides this, the increasing utilization of spirulina as a feed additive for enhanced animal growth and improved productivity is further catalyzing the global market. The changing inclination from chemical-based feed additives towards organic alternatives across the animal husbandry and aquaculture sectors is also propelling the market growth. Looking forward, IMARC Group expects the global spirulina market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global spirulina market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, species, form, distribution channel and application.

Breakup by Species:

  • Arthrospira Platensis
  • Arthrospira Maxima
     

Breakup by Form:

  • Powder
  • Tablet and Capsule
  • Liquid
  • Granule and Gelling Agent
     

Breakup by Distribution Channel:

  • Business to Business
  • Business to Consumer
     

Breakup by Application:

  • Nutraceuticals
  • Food and Beverages
  • Cosmetics
  • Animal Feed
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ALGATEC.EU, Algenol, Chr. Hansen Holdings A/S, DDW The Colour House, DIC Corporation, E.I.D Parry (India) LIMITED, Fuqing King Dnarmsa Spirulina Co. Ltd., GNC Holdings Inc., Naturex, Now Foods and Prolgae Spirulina Supplies Pvt. Ltd.

Key Questions Answered in This Report:

  • How has the global spirulina market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global spirulina market?
  • What are the key regional markets?
  • What is the breakup of the market based on the species?
  • What is the breakup of the market based on the form?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global spirulina market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Spirulina Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Species
    6.1    Arthrospira Platensis
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Arthrospira Maxima
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Form
    7.1    Powder
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Tablet and Capsule
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Liquid
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Granule and Gelling Agent
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Business to Business
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Business to Consumer
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Nutraceuticals
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Food and Beverages
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Cosmetics
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Animal Feed
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10   Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Turkey
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Saudi Arabia
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Others
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
    12.1    Research and Development
    12.2    Raw material Procurement 
    12.3    Manufacturers
    12.4    Distributors
    12.5    Exporter
    12.6    End-User
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ALGATEC.EU
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    Algenol
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Chr. Hansen Holdings A/S
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    DDW The Colour House
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    DIC Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    E.I.D Parry (India) LIMITED
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
        15.3.7    Fuqing King Dnarmsa Spirulina Co. Ltd.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
        15.3.8    GNC Holdings Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Naturex
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
        15.3.10    Now Foods
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Prolgae Spirulina Supplies Pvt. Ltd.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Spirulina Market: Major Drivers and Challenges
Figure 2: Global: Spirulina Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Spirulina Market: Breakup by Species (in %), 2020
Figure 5: Global: Spirulina Market: Breakup by Form (in %), 2020
Figure 6: Global: Spirulina Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Spirulina Market: Breakup by Application (in %), 2020
Figure 8: Global: Spirulina Market: Breakup by Region (in %), 2020
Figure 9: Global: Spirulina (Arthrospira Platensis) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Spirulina (Arthrospira Platensis) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Spirulina (Arthrospira Maxima) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Spirulina (Arthrospira Maxima) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Spirulina (Powder) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Spirulina (Powder) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Spirulina (Tablet and Capsule) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Spirulina (Tablet and Capsule) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Spirulina (Business to Business) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Spirulina (Business to Business) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Spirulina (Business to Consumer) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Spirulina (Business to Consumer) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Spirulina (Nutraceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Spirulina (Nutraceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Spirulina (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Spirulina (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Spirulina (Cosmetics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Spirulina (Cosmetics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Spirulina (Animal Feed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Spirulina (Animal Feed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Spirulina (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Spirulina (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Canada: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia Pacific: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Asia Pacific: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: China: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Germany: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Latin America: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Brazil: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Turkey: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Turkey: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Saudi Arabia: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Saudi Arabia: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Others: Spirulina Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Others: Spirulina Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Spirulina Industry: SWOT Analysis
Figure 86: Global: Spirulina Industry: Value Chain Analysis
Figure 87: Global: Spirulina Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Spirulina Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Spirulina Market Forecast: Breakup by Species (in Million US$), 2021-2026
Table 3: Global: Spirulina Market Forecast: Breakup by Form (in Million US$), 2021-2026
Table 4: Global: Spirulina Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: Global: Spirulina Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Spirulina Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Spirulina Market: Competitive Structure
Table 8: Global: Spirulina Market: Key Players

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