The global spirulina market is estimated to be valued at USD 484.7 Mn in 2024 and, growing at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031. Spirulina is a cyanobacterium that is rich in protein, vitamins, minerals, and phytonutrients. It is cultivated worldwide and used as a dietary supplement. Spirulina contains antioxidants that protect cells from damage and supports immunity. It also has anti-inflammatory and cholesterol-lowering properties. The global spirulina market is growing due to increasing consumer awareness about the health benefits of spirulina and the rising demand for plant-based protein sources.

 Market Dynamics:

The global spirulina market is expected to experience strong growth over the next decade due to various drivers, restraints, and opportunities. The major market driver is the growing health and wellness trend which has increased demand for super foods like spirulina that contain abundant nutrients. Rising obesity and cases of chronic diseases are also prompting more people to consume spirulina for its medicinal properties. However, the high production cost and lack of awareness in some regions are hindering market expansion. On the other side, new product launches with varied flavors and convenient packaging are opening up opportunities. Moreover, spirulina is gaining popularity as a natural food colorant and feed additive, broadening its applications.

 Key Features of the Study:

• This report provides an in-depth analysis of the global spirulina market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players in the global spirulina market
• Key companies covered as a part of this study include Cyanotech Corporation, Sensient Technologies Corporation, NB Laboratories Pvt Ltd, DIC Corporation, Fuqing King Dnarmsa Spirulina Co. Ltd, Evergreen Agro Creations, Indian Agri Farm, Alpspure Lifesciences Pvt. Ltd., Ideal Natural Extract, Lifevision Healthcare, Grenera Nutrients Private Limited, and Far East Bio-Tec Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global spirulina market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spirulina market

Detailed Segmentation-

• By Form:
• • Powder
  • Tablet/Capsules
  • Liquid
  • Granules
• By Composition:
• • Protein
  • Carbohydrates
  • Minerals
  • Lipids
  • Others
•  By End Use Industry:
• • Food & Beverages
    • Meat & Poultry
    • Bakery
    • Confectionary
  • Nutraceuticals
  • Cosmetics and Personal Care
  • Feed
  • Pharmaceuticals
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Cyanotech Corporation
  • Sensient Technologies Corporation
  • NB Laboratories Pvt Ltd
  • DIC Corporation
  • Fuqing King Dnarmsa Spirulina Co. Ltd
  • Evergreen Agro Creations
  • Indian Agri Farm
  • Alpspure Lifesciences Pvt. Ltd.
  • Ideal Natural Extract
  • Lifevision Healthcare
  • Grenera Nutrients Private Limited
  • Far East Bio-Tec Co., Ltd.