Spirulina Market by Type (Arthrospira Platensis and Arthrospira Maxima), Application (Nutraceutical, Cosmetics, Food & Beverages, and Animal Feed), and Formulation (Powder, Tablet, and Capsule): Global Opportunity Analysis and Industry Forecast, 2019–2025
Report Description
Global Spirulina Market - Data N Analysis Provides Spirulina Market by Type (Arthrospira Platensis and Arthrospira Maxima), Application (Nutraceutical, Cosmetics, Food & Beverages, and Animal Feed), and Formulation (Powder, Tablet, and Capsule): Global Opportunity Analysis and Industry Forecast, 2019–2025
Report Overview
Global Spirulina Market Size and Overview
Spirulina Market Outlook
Spirulina is one of the natural multicellular and filamentous blue-green microalgae that grow naturally in the rivers in warm regions, alkaline waters of lakes, and ponds. Spirulina can be harvested and processed easily and have significantly high macro- and micronutrient contents. Owing to the use of spirulina as protein supplement and as human health food or super food, it has gained considerable popularity in the human health food industry and in many developing and under-developed countries such as India and African countries, where there is prevalence of malnutrition. In recent years, consumption of spirulina has grown with increase health conscious consumers and use of healthy food products. The global spirulina market size was $298.6 million in 2018, and is projected to reach $704.8 million by 2025, growing at a CAGR of 8.4% from 2019 to 2025.
Spirulina Market Snapshot
Market Dynamics
Rise in demand for natural ingredients, growing health and wellness trend, growing vegetarian population, and increasing promotion for the production of spirulina by gove
ment have fueled the growth of the global spirulina market. Conversely, low awareness of benefits of spirulina and complex production has hindered the growth of this market to some extent.
Segment Overview:
Application Segment Overview
On the basis of application, food & beverages segment accounted for the major share of the global spirulina market in 2018. The large share of this segment mainly attributed to the growing health conce
s of aging population mainly in developing countries, growing desire for natural alte
atives to traditional products, and increased awareness among consumers on the link between nutrition and health.
Formulation Segment Overview
On the basis of formulation, powdered spirulina held the largest share of the global spirulina market in 2018. The large share of this segment is mainly attributed to its advantages over other form, such as better consistency, ease of handling, simple transport economics, and better stability.
Geographic Overview
On the basis of geography, the spirulina market analysis is conducted across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America held the major share in global spirulina market in 2018, and is expected to remain dominant throughout the forecast period. The huge share of this market is attributed to its increased demand for naturally derived ingredients, increasing regulations against synthetic colors, and rising alertness among consumers for natural food products. However, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. The fastest growth of this region primarily attributed to robust growth of the food processing industry, increasing presence of vegetarian consumers, and growing numbers of national and provincial level research.
Competitive Landscape
The global spirulina market is a moderately competitive market. To enlargement of market presence key ma players’ mainly focus on strategies such as new product launches, mergers, acquisitions, and collaborations. Key players include in spirulina market are Cyanotech Corporation, Tianjin Norland Biotech Co., Ltd., Naturya, Guangzhou Endless Biotech Co. Ltd., DIC Corporation, Algene Biotech, Chr. Hansen Holding A/S, E.I.D. Parry (India) Ltd., Dongtai City Spirulina Bio-engineering Co., Ltd., Now Foods, Prolgae, Sensient Technologies Corporation, DDW Inc., Naturex S.A., and TAAU Australia Pty Ltd.
Spirulina Market Segments:
Spirulina Market by Type
Arthrospira Platensis
Arthrospira Maxima
Spirulina Fusiformis
Spirulina Market by Application
Nutraceutical
Cosmetics
Food & Beverages
Animal Feed
Pharmaceutical
Others
Spirulina Market by Formulation
Powder
Tablet
Capsule
Liquid
Flakes
Spirulina Market by Geography
North America
U.S.
Canada
Europe
Germany
France
U.K.
Netherlands
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Middle East & Africa
Why Purchase This Report?
Market Intelligence
Comprehensive data on market size, growth rates, and segment analysis
Consumer Insights
Detailed analysis of purchasing behavior and preferences
Competitive Analysis
Profiles of key players and their market strategies
Future Trends
Emerging opportunities and market projections
Table of Contents
TABLE OF CONTENT
1. Introduction
1.1. Market Definition
1.2. Purpose of the Report
1.3. Currency
1.4. Limitations
1.5. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Segmentation
2.3. Research Approach
2.3.1. Top-Down Approach
2.3.2. Bottom-Up Approach
2.4. Primary Research
2.5. Secondary Research
2.6. Assumptions
3. Executive Summary
3.1. Global Market Snapshot, by Geography
3.2. Spirulina Market, by Type
3.3. Spirulina Market, by Application
3.4. Spirulina Market, by Drug Formulation
3.5. Competitive Landscape
4. Market Overview
4.1. Market Dynamics
4.1.1. Driving Forces
4.1.1.1. Rise In Demand For Natural Ingredients
4.1.1.2. Growing Health And Wellness Trend
4.1.1.3. Growing Vegetarian Population
4.1.1.4. Promotion Of The Production Of Spirulina By Gove
ment
4.1.2. Restraining Factors
4.1.2.1. Low Awareness Of Benefits Of Spirulina
4.1.2.2. Complex Production
4.1.3. Opportunity Matrix
4.1.3.1. Development of New Application Areas
4.1.3.2. Developing Economies
5. Industry Insights
5.1. Porter's Five Forces Analysis
5.1.1. Bargaining power of supplier
5.1.2. Bargaining power of buyer
5.1.3. Threat of substitute
5.1.4. Threat of new entrant
5.1.5. Degree of competition
5.2. Value Chain Analysis
5.3. Pricing Analysis
6. Spirulina Market, by Type
6.1. Arthrospira Platensis
6.2. Arthrospira Maxima
6.3. Spirulina Fusiformis
7. Spirulina Market, by Application
7.1. Nutraceutical
7.2. Cosmetics
7.3. Food & Beverages
7.4. Animal Feed
7.5. Pharmaceutical
7.6. Others
8. Spirulina Market, by Drug Formulation
8.1. Powder
8.2. Tablet
8.3. Capsule
8.4. Liquid
8.5. Flakes
9. Spirulina Market, by Region
9.1. North America
9.1.1. U.S.
9.1.2. Canada
9.2. Europe
9.2.1. Germany
9.2.2. France
9.2.3. UK
9.2.4. Netherlands
9.2.5. Italy
9.2.6. Rest of Europe
9.3. Asia-Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Rest of APAC
9.4. Latin America
9.5. Middle East and Africa
10. Competitive Landscape
10.1. Key Players Analysis
10.2. Strategic Analysis
10.2.1. New Product Developments
10.2.2. Mergers & Acquisitions
10.2.3. Portfolio/Production Capacity Expansions
10.2.4. Geographic Expansions
10.2.5. Joint Ventures, Collaborations, Partnerships & Agreements
10.2.6. Others
11. Company Profiles
11.1. Cyanotech Corporation
11.1.1. Company Overview
11.1.2. Financial Snapshot
11.1.3. Products
11.1.4. Recent Developments
11.2. Tianjin Norland Biotech Co., Ltd
11.2.1. Company Overview
11.2.2. Financial Snapshot
11.2.3. Products
11.2.4. Recent Developments
11.3. Naturya
11.3.1. Company Overview
11.3.2. Financial Snapshot
11.3.3. Products
11.3.4. Recent Developments
11.4. Guangzhou Endless Biotech Co. Ltd.
11.4.1. Company Overview
11.4.2. Financial Snapshot
11.4.3. Products
11.4.4. Recent Developments
11.5. DIC Corporation
11.5.1. Company Overview
11.5.2. Financial Snapshot
11.5.3. Products
11.5.4. Recent Developments
11.6. Algene Biotech
11.6.1. Company Overview
11.6.2. Financial Snapshot
11.6.3. Products
11.6.4. Recent Developments
11.7. Chr. Hansen Holding A/S
11.7.1. Company Overview
11.7.2. Financial Snapshot
11.7.3. Products
11.7.4. Recent Developments
11.8. E.I.D. Parry (India) Ltd.
11.8.1. Company Overview
11.8.2. Financial Snapshot
11.8.3. Products
11.8.4. Recent Developments
11.9. Spirulina Bio-engineering Co., Ltd.
11.9.1. Company Overview
11.9.2. Financial Snapshot
11.9.3. Products
11.9.4. Recent Developments
11.10. Now Foods
11.10.1. Company Overview
11.10.2. Financial Snapshot
11.10.3. Products
11.10.4. Recent Developments
11.11. Prolgae
11.11.1. Company Overview
11.11.2. Financial Snapshot
11.11.3. Products
11.11.4. Recent Developments
11.12. Sensient Technologies Corporation
11.12.1. Company Overview
11.12.2. Financial Snapshot
11.12.3. Products
11.12.4. Recent Developments Prolgae
11.13. DDW Inc.
11.13.1. Company Overview
11.13.2. Financial Snapshot
11.13.3. Products
11.13.4. Recent Developments
11.14. Naturex S.A.,
11.14.1. Company Overview
11.14.2. Financial Snapshot
11.14.3. Products
11.14.4. Recent Developments
11.15. TAAU Australia Pty Ltd
11.15.1. Company Overview
11.15.2. Financial Snapshot
11.15.3. Products
11.15.4. Recent Developments Prolgae
LIST OF TABLES
Table 1 Spirulina Market Size, By Type
Table 2 Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 3 Spirulina Market, By Drug Formulation, (US$ Mn, CAGR %), 2019-2025
Table 4 Spirulina Market, By Region, (US$ Mn, CAGR %), 2019-2025
Table 5 North America: Spirulina Market Size, By Country, (US$ Mn, CAGR %), 2019-2025
Table 6 North America: Spirulina Market Size, By Type (US$ Mn, CAGR %), 2019-2025
Table 7 North America: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 8 North America: Spirulina Market Size, Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 9 US: Spirulina Market Size, By Type (US$ Mn, CAGR %), 2019-2025
Table 10 US: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 11 US: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 12 Canada: Spirulina Market Size, By Type (US$ Mn, CAGR %), 2019-2025
Table 13 Canada: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 14 Canada: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 15 Europe: Spirulina Market Size, By Country (US$ Mn, CAGR %), 2019-2025
Table 16 Europe: Spirulina Market Size, By Type (US$ Mn, CAGR %), 2019-2025
Table 17 Europe: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 18 Europe: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 19 Germany: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 20 Germany: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 21 Germany: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 22 France: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 23 France: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 24 France: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 25 UK: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 26 UK: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 27 UK: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 28 Netherlands: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 29 Netherlands: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 30 Netherlands: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 31 Italy: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 32 Italy: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 33 Italy: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 34 Rest of Europe: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 35 Rest of Europe: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 36 Rest of Europe: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 37 Asia-Pacific: Spirulina Market Size, By Country, 2019-2025 (Kiloton)
Table 38 Asia-Pacific: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 39 Asia-Pacific: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 40 Asia-Pacific: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 41 China: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 42 China: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 43 China: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 44 Japan: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 45 Japan: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 46 Japan: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 47 India: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 48 India: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 49 India: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 50 Rest of APAC: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 51 Rest of APAC: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 52 Rest of APAC: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 53 Latin America: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 54 Latin America: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 55 Latin America: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
Table 56 Middle East and Africa: Spirulina Market Size, By Type, (US$ Mn, CAGR %), 2019-2025
Table 57 Middle East and Africa: Spirulina Market Size, By Application (US$ Mn, CAGR %), 2019-2025
Table 58 Middle East and Africa: Spirulina Market Size, By Drug Formulation (US$ Mn, CAGR %), 2019-2025
LIST OF FIGURES
Figure 1 Spirulina Market Segmentation
Figure 2 Spirulina Market: Research Design
Figure 3 Drivers, Restraints, and Opportunities in the Spirulina Market
Figure 4 Spirulina Market: Porter’s Five Forces Analysis
Figure 5 Spirulina Market: Value Chain Analysis
Figure 6 Spirulina Market: Pricing Analysis
Figure 7 Spirulina Market, By Type (2019-2025)
Figure 8 Spirulina Market, By Application (2019-2025)
Figure 9 Spirulina Market, By Drug Formulation (2019-2025)
Figure 10 Global Spirulina Market, By Region
Figure 11 North America: Spirulina Market Snapshot
Figure 12 Europe: Spirulina Market Snapshot
Figure 13 Asia-Pacific: Spirulina Market Snapshot
Figure 14 Latin America: Spirulina Market Snapshot
Figure 15 Middle East and Africa: Spirulina Market Snapshot
Figure 16 Cyanotech Corporation: Financial Snapshot
Figure 17 DIC Corporation: Financial Snapshot
Figure 18 Naturya: Financial Snapshot
Figure 19 EID Parry (India) Ltd.: Financial Snapshot
Research Methodology
Our research methodology combines both primary and secondary research approaches to ensure data accuracy and reliability.
Primary Research
Industry Interviews
Conducted interviews with industry experts and key stakeholders
Consumer Surveys
Comprehensive surveys targeting relevant consumer segments
Secondary Research
- Analysis of company annual reports, investor presentations, and regulatory filings
- Review of industry publications, trade journals, and market studies
- Government statistics and regulatory databases
- Market data from reliable third-party sources
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