Spirulina Market Report by Species (Arthrospira Platensis, Arthrospira Maxima), Form (Powder, Tablet and Capsule, Liquid, Granule and Gelling Agent), Distribution Channel (Business to Business, Business to Consumer), Application (Nutraceuticals, Food and Beverages, Cosmetics, Animal Feed, and Others), and Region 2024-2032

Spirulina Market Report by Species (Arthrospira Platensis, Arthrospira Maxima), Form (Powder, Tablet and Capsule, Liquid, Granule and Gelling Agent), Distribution Channel (Business to Business, Business to Consumer), Application (Nutraceuticals, Food and Beverages, Cosmetics, Animal Feed, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3535
Buy Now

Market Overview:

The global spirulina market size reached US$ 577.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,287.8 Million by 2032, exhibiting a growth rate (CAGR) of 9.33% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 577.0 Million
Market Forecast in 2032
US$ 1,287.8 Million
Market Growth Rate (2024-2032) 9.33%


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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global spirulina market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on 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:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Species, Form, Distribution Channel, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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? 

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Spirulina Market Report by Species (Arthrospira Platensis, Arthrospira Maxima), Form (Powder, Tablet and Capsule, Liquid, Granule and Gelling Agent), Distribution Channel (Business to Business, Business to Consumer), Application (Nutraceuticals, Food and Beverages, Cosmetics, Animal Feed, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More