Spirulina Market was valued at USD 481.46 Million in 2021, and it is expected to reach USD 1077.96 Million by 2029, exhibiting a CAGR of 10.6 % during the forecast period (2022-2029).
Spirulina Market Overview
The market overview of the Spirulina industry reveals a comprehensive analysis of its intricate dynamics. The report presents global, regional, and national market revenue forecasts, emphasizing segment and region-wise sales projections. Notably, the report highlights the intense rivalry within the industry, making it a must-read for industry players seeking to stay ahead of the competition.
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Spirulina Market Report Scope and Research Methodology
The analysis of the Spirulina Market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.
The report also included an extensive, market-oriented, and commercial analysis of the Spirulina Market, utilizing a variety of research techniques. The analysis covered various aspects of the market, including region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The growth prospects and future business outlooks of new entrants and existing players in the Spirulina market were also researched.
Spirulina Market Segmentation
The global spirulina market is divided into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent based on Drug Formulation. 78% of the spirulina market in 2021 was made up of products in the powder category, which is anticipated to grow at the quickest CAGR of 10.7% over the course of the forecast period. This is mostly due to a growth in demand from makers of nutraceuticals as a result of rising consumer health consciousness and its growing use as an ingredient in a variety of foods and beverages.
The food and beverage, nutraceutical, animal and aquaculture feed, pharmaceutical, veterinary, cosmetic, and others categories make up the worldwide spirulina market. This is brought on by growing awareness of nutrition and health issues, as well as a preference for natural products over conventional pharmaceutical ones. Since spirulina has a high concentration of natural pigments that give it a blue hue and can be combined with other colours to create custom hues like lavender, violet, and green, it is also commonly used in the food and beverage sectors. It is also frequently utilised in the personal care and cosmetics sectors. Additionally, it's primarily used in cosmetic and personal care products, especially anti-aging cream.
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Spirulina Market Key Players
• Sensient Technologies Corp.
• Parry Nutraceuticals Limited
• Now Health Group Inc.
• Naturex S.A.
• Naturalin Bio-Resources Co., Ltd
• GNT Holding B.V.
• GNC Holdings, Inc.
• Fuqing King DnarmsaSpirulina Co., Ltd.
• FrakenBiochem Co., Ltd.
• Far East Bio-Tec Co., Ltd.
• Dongtai City Spirulina Bio-Engineering Co., Ltd.
• Dhler GmbH
• DIC Corporation
• DDW Inc.
• Cyanotech Corp
• Chr. Hansen Holding A/S
• Cabassi & Giuriati SpA
• Givaudan international SA
• Yunnan Green A Biological Project Co., Ltd
• Earthrise Nutritionals, Llc
• Zhejiang Comp Spirulina Co., Ltd.
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Spirulina Market Regional Insights
The report provides a comprehensive analysis of growth drivers, constraints, future prospects, and competitive landscape across all regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, and the report includes forecasts for each individual region.
Table Of Content
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.3. Research Methodology
2.3.1. Secondary Research
2.3.2. Secondary data
2.3.3. Secondary Sources
2.3.4. Primary Research
2.3.5. Data from Primary Sources
2.3.6. Breakdown of Primary Sources
3. Executive Summary : Global Spirulina Market, by Market Value (US$ Bn)
4. Market Overview
4.2. Market Indicator
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends in Global Spirulina Market and Emerging Technologies
5. Supply Side and Demand Side Indicators
6. Global Spirulina Market Analysis and Forecast
6.1. Global Spirulina Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America
Key questions answered in the Spirulina Market are:
What is Spirulina ?
What are the factors driving the Spirulina Market growth?
What are the main challenges the Spirulina Market growth?
What was the Spirulina market size in 2021?
Which trends are expected to generate additional revenue for the Spirulina market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Spirulina Market?
What growth strategies are the players considering to increase their foothold in the Spirulina Market?
Who held the largest market share in the Spirulina Market?
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Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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