The global spirulina powder market size is projected to rise from US$ 461 million in 2024 to US$ 702 million by 2034. By 2034, spirulina powder sales are projected to soar at 5.9% CAGR.
| Attributes | Key Insights |
|---|---|
| Estimated Global Spirulina Powder Market Size (2024E) | US$ 461 million |
| Projected Spirulina Powder Market Value (2034F) | US$ 702 million |
| Value-based CAGR (2024 to 2034) | 5.9% |
The rise in plant-based diets is pushed by environmental sustainability, animal welfare, and the health benefits of vegetarianism. Spirulina powder, a popular choice among vegetarians, fulfills all dietary needs and is a complete protein with essential amino acids. As vegan lifestyles grow, the spirulina powder market is set to benefit from the rising consumer base, making it an excellent substitute for vegans.
Rising customer awareness about the use and benefits of spirulina as a food product is projected to surge demand for spirulina powder in food & beverage industry. Spirulina is also frequently employed in wastewater treatment to eliminate and convert contaminants like xenobiotics, heavy metals, and nutrients.
Spirulina extracts are gaining traction in the market as consumers become more conscious of the chemicals used in baked products and show a preference for chemical-free alternatives. This change is further influenced by growing inclination of consumers toward sweet meals. Growing confectionery food market and a consumer base that is health-conscious are anticipated to support the spirulina powder industry's sustained growth and profitability.
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From 2019 to 2023, there was a rising popularity of spirulina as a superfood packed with nutrients, primarily due to its promise to combat starvation in poor nations. Initial spirulina production was mostly concentrated on small-scale operations and research projects with ideal environmental conditions.
Increased consumer knowledge of spirulina's health benefits and surging applications led to a significant growth in commercial manufacturing & marketing of spirulina products from 2019 to 2023. Use of traditional culture methods, such as photobioreactors and controlled cultivation systems, allowed manufacturers for the production of spirulina with increased yields, better quality, and scalability.
By 2034, spirulina powder sales are projected to soar at 5.9% CAGR. Manufacturers added spirulina powder to functional meals, beverages, and dietary supplements, bringing it closer to the mainstream health & wellness market. Growing consumer worries about artificial additives and processed foods and surging desire for natural & plant-based goods are factors contributing to market growth.
Consumers tend to purchase products that offer nutritional benefits, including those with functional ingredients, organic components, and gluten-free options. The ease of online shopping and growing influence of e-commerce are anticipated to boost sales as manufacturers utilize digital platforms to reach a broader audience.
Demographic changes, such as increased urbanization and a fast lifestyle, are set to uphold the demand for convenient spirulina products. As spirulina powder becomes a staple in households worldwide, the market is poised for sustained growth, fueled by health-conscious choices, convenience, and continuous product development.
Leading companies capitalize on research & development to create unique, innovative, and high-quality products. Furthermore, manufacturers are concentrating on adopting modern technologies to maintain high-quality standards of spirulina powder.
Growing popularity of vegan diet is a key trend that stimulates market growth. Increasing demand for dietary supplements among health-conscious and aging populations is set to fuel market expansion.
The use of spirulina as food for fish and animals is causing significant growth in the market. Increasing end-use applications of spirulina powder in the pharmaceutical and nutraceutical industries are set to surge demand.
Spirulina is one of the latest forms of clean energy, which is projected to beat solar energy. Significant investments in research & development of novel and substantial products are estimated to boost growth prospects of the spirulina powder market.
Principal Consultant
A comprehensive analysis of growth and challenges has been tabulated below. The spirulina powder market is compared with two industries that have the potential to compete rigorously: the spirulina extract market and the microalgae market.
The growth rates and key market trends are mentioned in the table below. Among the mentioned markets, the spirulina extract market is poised to rise more rapidly during the forecast period.
Spirulina Powder Market:
| Attributes | Spirulina Powder Market |
|---|---|
| CAGR (2024 to 2034) | 5.4% |
| Growth Factor | Need for vegan food supplements with all the health benefits is projected to fuel market growth. |
| Key Trend in Spirulina Powder Market | Obesity is a key concern for people in most of the developed countries around the world. Need for nutritious, fat-free, and organic substitutes has resulted in a surge in the spirulina powder market. |
Spirulina Extract Market:
| Attributes | Spirulina Extract Market |
|---|---|
| CAGR (2024 to 2034) | 14.8% |
| Growth Factor | The market is rising as functional foods are gaining traction among consumers. Spirulina is being added to a range of food products, such as drinks, snacks, and supplements, due to its well-known nutritional profile and possible health advantages. |
| Opportunity | Spirulina extract has the potency to be a bioactive ingredient in the development of safe and efficacious cosmetic products. This is set to create ample opportunities for manufacturers to gain a competitive edge in the market. |
| Key Spirulina Extract Market Trends | Key trends in the spirulina extract market include the adoption of online retail channels for distribution. Clean-label product formulations to meet high demand for transparency and a focus on modifications in their product are a few other trends. |
Microalgae Market:
| Attributes | Microalgae Market |
|---|---|
| CAGR (2024 to 2034) | 8% |
| Growth Factor | Increasing demand for microalgae protein-based foods among health-conscious consumers is set to surge demand. |
| Opportunity | Rising research & development initiatives to reduce environmental pollution and booming cosmetics industry are set to create opportunities for leading companies. |
| Key Trends | Growing demand for nutritive & functional food items, rising health consciousness, and emphasis on sustainability are the key trends fueling market expansion. |
The section below covers the CAGRs of several countries present in the spirulina powder market. The CAGRs would help the potential clients to scrutinize each country’s growth rate and invest in the ideal one. The United States, with favorable norms, is estimated to rise at a CAGR of 4.3% CAGR by 2034.
China is set to exhibit an impressive 5.6% CAGR, propelled by evolving consumer preferences and rising middle-class population. The United Kingdom is projected to exhibit a 4.5 % CAGR, reflecting a growing interest in premium and health-conscious products. Japan anticipates a substantial 6.7% CAGR, propelled by technological innovations and a penchant for unique & high-quality varieties.
| Countries | Forecast CAGR (2024 to 2034) |
|---|---|
| United States | 4.3% |
| China | 5.6% |
| United Kingdom | 4.5% |
| Japan | 6.7% |
Spirulina powder is accessible in the United States through various distribution channels, including health food stores, specialty stores, pharmacies, supermarkets, and online retail platforms, attracting a broad consumer base.
The FDA regulates spirulina powder as a dietary supplement, ensuring safety, labeling, and quality standards, with manufacturers voluntarily adhering to organic and non-GMO certifications.
The United States spirulina powder market is projected to rise due to increasing health, wellness, plant-based nutrition, and sustainable trends among consumers. The country is set to rise at a CAGR of 4.3% through 2034.
Changing dietary habits, a growing middle-class population and a rising preference for nutritional aqua goods contribute to the market's growth in China. China is projected to surge at a CAGR of 5.6% through 2034.
The government in China is showing a keen interest in providing substantial subsidies to spirulina harvesters to promote its health benefits in the country. Several public and private establishments are capitalizing on researching and developing spirulina-based products to meet consumer demand for nutritional needs in China.
Manufacturers in Germany are engaging in broadening spirulina powder production and investing in research to enhance product portfolio and fuel spirulina powder demand. The competitive landscape of Germany is marked by the presence of both well-known and emerging manufacturers, which fuels innovation and product offerings.
Increasing health consciousness and awareness of spirulina's high protein, vitamins, and potential health benefits is set to fuel its adoption as a dietary supplement & functional food ingredient in Germany. Germany is set to surge at a significant CAGR during the forecast period.
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The section below shows the organic segment dominating by nature. The segment is predicted to hold a market share of 73.6% in 2024. Based on distribution channel, the direct sales segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 77.3% in 2024.
| Segment | Market Share (2024) |
|---|---|
| Organic (Nature) | 73.6% |
| Direct Sale (Distribution Channel) | 77.3% |
| Food and beverage industry (Application) | 16.2% |
The organic segment of spirulina powder is projected to grow rapidly through the forecast period. Due to its claimed health benefits and environmental sustainability, organic spirulina powder is frequently preferred by consumers looking for natural, minimally processed meals. Demand for organic goods, such as spirulina powder, is rising as consumers become more conscious of environmental and health concerns.
Spirulina powder is popular in several food and beverage products because of its high nutritional value and adaptability. Usage of spirulina powder is anticipated to increase in food & beverage sector as more people look for natural, plant-based solutions to achieve their wellness and health objectives.
Spirulina powder is used in dairy alternatives to enhance the nutritional content of dairy-based smoothies and yogurts, adding a subtle earthy flavor and making it suitable for athletes. Spirulina powder manufacturers are launching innovative and unique nutritional supplement products such as spirulina energy bars, yogurt, and snacks, further attracting customers.
The spirulina powder market has a diverse and dynamic competitive landscape. Leading companies specializing in diverse fields focus on research & development, sustainable sourcing, and new formulations.
Leading companies emphasize environmentally friendly practices, product certifications, and satisfying the increased demand for natural & sustainable ingredients.
Manufacturers strive to preserve their market position and capitalize on the growing demand by focusing on quality, innovation, and matching customer preferences. Leading manufacturers and companies are focusing on new product launches, research & development, mergers & acquisitions, and government collaborations to remain prominent in the global market.
Product Launches and Key Developments
The market is set to reach US$ 461 million in 2024.
Demand for spirulina powder is slated to rise at a 5.9% CAGR through 2034.
The market is set to reach US$ 702 million in 2034.
Clos Sainte Aurora, Spirulina Viva, and Yunnan Green A Biological Project Co.
Organic segment is estimated to hold a significant market share in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Global Market Outlook 3.1. Historical Market Size in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 3.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 3.2.1. Y-o-Y Growth Trend Analysis 3.2.2. Absolute $ Opportunity Analysis 4. Market Dynamics 4.1. Drivers 4.1.1. Supply Side Drivers 4.1.2. Demand Side drivers 4.1.3. Economic Side Drivers 4.2. Restraints 4.3. Opportunity 4.4. Market trends By Region 4.5. Forecast Factors - Relevance & Impact 4.6. Regulations and Policies 5. Global Market - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.2. Price Point Assessment By Nature 5.3. Price Forecast till 2032 6. Value Chain Analysis 6.1. Operating margins at each node of the supply chain 6.2. List of Active Market Participants 7. Global Market Size in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 7.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Nature, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Nature, 2024 to 2034 8.3.1. Organic 8.3.2. Conventional 8.4. Market Attractiveness Analysis By Nature 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 9.1. Introduction / Key Findings 9.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Distribution Channel, 2019 to 2023 9.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Distribution Channel, 2024 to 2034 9.3.1. Direct Sales 9.3.2. Retail Sales 9.3.2.1. Modern Trade 9.3.2.2. Specialty Stores 9.3.2.3. Pharma and Drug Stores 9.3.2.4. Online Retail 9.3.2.5. Other Retailing Formats 9.4. Market Attractiveness Analysis By Distribution Channel 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Source, 2019 to 2023 10.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Source, 2024 to 2034 10.3.1. Food & Beverages 10.3.2. Cosmetics & Personal Care 10.3.3. Animal & Aquaculture Feed 10.3.4. Dietary Supplements and Pharmaceuticals 10.3.5. Others 10.4. Market Attractiveness Analysis By Source 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. Introduction 11.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023 11.3. Current Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia 11.3.6. Oceania 11.3.7. Middle East & Africa 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.4.1. By Country 12.4.1.1. United States 12.4.1.2. Canada 12.4.2. By Nature 12.4.3. By Distribution Channel 12.4.4. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Nature 12.5.3. By Distribution Channel 12.5.4. By Application 12.6. Key Takeaways 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.4.1. By Country 13.4.1.1. Brazil 13.4.1.2. Mexico 13.4.1.3. Colombia 13.4.1.4. Argentina 13.4.1.5. Rest of Latin America 13.4.2. By Nature 13.4.3. By Distribution Channel 13.4.4. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Nature 13.5.3. By Distribution Channel 13.5.4. By Application 13.6. Key Takeaways 14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.4.1. By Country 14.4.1.1. Germany 14.4.1.2. United Kingdom 14.4.1.3. France 14.4.1.4. Italy 14.4.1.5. Spain 14.4.1.6. BENELUX 14.4.1.7. Nordic 14.4.1.8. Russia 14.4.1.9. Poland 14.4.1.10. Rest of Europe 14.4.2. By Nature 14.4.3. By Distribution Channel 14.4.4. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Nature 14.5.3. By Distribution Channel 14.5.4. By Application 14.6. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.4.1. By Country 15.4.1.1. China 15.4.1.2. Japan 15.4.1.3. South Korea 15.4.2. By Nature 15.4.3. By Distribution Channel 15.4.4. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Nature 15.5.3. By Distribution Channel 15.5.4. By Application 16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.4.1. By Country 16.4.1.1. India 16.4.1.2. Thailand 16.4.1.3. Malaysia 16.4.1.4. Indonesia 16.4.1.5. Singapore 16.4.1.6. Rest of South Asia 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Nature 16.5.3. By Distribution Channel 16.5.4. By Application 16.6. Key Takeaways 17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 17.4.1. By Country 17.4.1.1. Australia 17.4.1.2. New Zealand 17.4.2. By Nature 17.4.3. By Distribution Channel 17.4.4. By Application 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Nature 17.5.3. By Distribution Channel 17.5.4. By Application 17.6. Key Takeaways 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 18.4.1. By Country 18.4.1.1. UAE 18.4.1.2. Saudi Arabia 18.4.1.3. Other GCC Countries 18.4.1.4. North Africa 18.4.1.5. South Africa 18.4.1.6. Central Africa 18.4.2. By Nature 18.4.3. By Distribution Channel 18.4.4. By Application 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Nature 18.5.3. By Distribution Channel 18.5.4. By Application 18.6. Key Takeaways 19. Country-level Market Analysis 19.1. United States Market Analysis 19.1.1. By Nature 19.1.2. By Distribution Channel 19.1.3. By Application 19.2. Canada Market Analysis 19.2.1. By Nature 19.2.2. By Distribution Channel 19.2.3. By Application 19.3. Brazil Market Analysis 19.3.1. By Nature 19.3.2. By Distribution Channel 19.3.3. By Application 19.4. Mexico Market Analysis 19.4.1. By Nature 19.4.2. By Distribution Channel 19.4.3. By Application 19.5. Argentina Market Analysis 19.5.1. By Nature 19.5.2. By Distribution Channel 19.5.3. By Application 19.6. Germany Market Analysis 19.6.1. By Nature 19.6.2. By Distribution Channel 19.6.3. By Application 19.7. United Kingdom Market Analysis 19.7.1. By Nature 19.7.2. By Distribution Channel 19.7.3. By Application 19.8. France Market Analysis 19.8.1. By Nature 19.8.2. By Distribution Channel 19.8.3. By Application 19.9. Italy Market Analysis 19.9.1. By Nature 19.9.2. By Distribution Channel 19.9.3. By Application 19.10. Spain Market Analysis 19.10.1. By Nature 19.10.2. By Distribution Channel 19.10.3. By Application 19.11. BENELUX Market Analysis 19.11.1. By Nature 19.11.2. By Distribution Channel 19.11.3. By Application 19.12. Nordic Market Analysis 19.12.1. By Nature 19.12.2. By Distribution Channel 19.12.3. By Application 19.13. Russia Market Analysis 19.13.1. By Nature 19.13.2. By Distribution Channel 19.13.3. By Application 19.14. Poland Market Analysis 19.14.1. By Nature 19.14.2. By Distribution Channel 19.14.3. By Application 19.15. China Market Analysis 19.15.1. By Nature 19.15.2. By Distribution Channel 19.15.3. By Application 19.16. Japan Market Analysis 19.16.1. By Nature 19.16.2. By Distribution Channel 19.16.3. By Application 19.17. South Korea Market Analysis 19.17.1. By Nature 19.17.2. By Distribution Channel 19.17.3. By Application 19.18. India Market Analysis 19.18.1. By Nature 19.18.2. By Distribution Channel 19.18.3. By Application 19.19. Thailand Market Analysis 19.19.1. By Nature 19.19.2. By Distribution Channel 19.19.3. By Application 19.20. Malaysia Market Analysis 19.20.1. By Nature 19.20.2. By Distribution Channel 19.20.3. By Application 19.21. Indonesia Market Analysis 19.21.1. By Nature 19.21.2. By Distribution Channel 19.21.3. By Application 19.22. Vietnam Market Analysis 19.22.1. By Nature 19.22.2. By Distribution Channel 19.22.3. By Application 19.23. Philippines Market Analysis 19.23.1. By Nature 19.23.2. By Distribution Channel 19.23.3. By Application 19.24. Singapore Market Analysis 19.24.1. By Nature 19.24.2. By Distribution Channel 19.24.3. By Application 19.25. Australia Market Analysis 19.25.1. By Nature 19.25.2. By Distribution Channel 19.25.3. By Application 19.26. New Zealand Market Analysis 19.26.1. By Nature 19.26.2. By Distribution Channel 19.26.3. By Application 19.27. Turkiye Market Analysis 19.27.1. By Nature 19.27.2. By Distribution Channel 19.27.3. By Application 19.28. Egypt Market Analysis 19.28.1. By Nature 19.28.2. By Distribution Channel 19.28.3. By Application 19.29. South Africa Market Analysis 19.29.1. By Nature 19.29.2. By Distribution Channel 19.29.3. By Application 19.30. GCC Countries Market Analysis 19.30.1. By Nature 19.30.2. By Distribution Channel 19.30.3. By Application 20. Market Structure Analysis 20.1. Global Market Competition - a Dashboard View 20.2. Industry Structure Analysis 20.2.1. % tier 1 market players 20.2.2. % tier 2 market players 20.2.3. % tier 3 market players 20.3. Global Market Company Share Analysis 20.3.1. For Tier 1 Market Players, 2023 20.3.2. Company Market Share Analysis of Top 5 Players, By Region 20.4. Key Participants Market Presence (Intensity Mapping) by Region 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. AAK (UK) Limited 21.3.1.1. Product Portfolio 21.3.1.2. Product Claim 21.3.1.3. Revenue by Market Segments (Product/Channel/Region) 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.1.5.1. Marketing Strategy 21.3.1.5.2. Product Strategy 21.3.1.5.3. Channel Strategy 21.3.1.6. SWOT Analysis 21.3.2. Clos Sainte Aurore 21.3.3. Jiangshan Comp Spirulina Co. Ltd 21.3.4. Spirulina Viva 21.3.5. Far East Microalgae Industries Co., Ltd 21.3.6. SPIFORM 21.3.7. Spirulina La Capitelle 21.3.8. Fuqing King Dnarmsa Spirulina Co. Ltd. 21.3.9. DIC Corporation 21.3.10. Aurospirul 21.3.11. Cyanotech Corporation 21.3.12. C.B.N. Bio-engineering Co., Ltd 22. Assumptions and Acronyms Used 23. Research Methodology
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Spirulina Powder Market
