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
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.
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.
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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
