spirulina powder market is, favored by vegetarian athletes for its superfood properties and anti-inflammatory benefits, is poised for substantial growth. The market, valued at US$ 472.67 million in 2023, anticipates reaching US$ 777.18 million by 2033, reflecting a 6.4% CAGR fueled by the increasing demand for nutritious plant-based supplements
embraced by vegetarian athletes for its superfood status and potent anti-inflammatory benefits, is set for significant market growth. The introduction of nutraceutical companies and its potential to address malnutrition and food crises in developing nations through government programs further propels spirulina’s popularity
The spirulina powder market valuation is US$ 472.67 million in 2023. As the demand for nutritious plant-based supplements surges, the spirulina powder market is anticipated to hold a valuation of US$ 777.18 million by 2033. The market is expected to register a CAGR of 6.4% over the forecast period from 2023 to 2033.
Spirulina, a blue-green algae that grows well in freshwater environments, is one of the most popular supplements used by vegetarian athletes all over the world. Its reputation as a superfood and potent anti-inflammatory qualities have piqued attention in the vegan fitness community.
Over the next several years, it is expected that the market for spirulina powder would grow due to the introduction of nutraceutical companies. Malnutrition, food shortages, and other pertinent issues that contribute to food crises in developing nations can be resolved with the use of spirulina powder. Owing to these advantages, spirulina powder is being pushed through a number of government programmes.
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Spirulina powder, which has many medicinal properties as well, is mainly consumed by individuals who are on a weight-loss diet. The protein content along with other minerals and vitamins make spirulina powder a great substitute for chemical steroids and supplements. Spirulina powder can be easily obtained from leading health food stores, e-Commerce businesses, and specialty supplement shops.
Conventional spirulina powder is obtained from the artificial cultivation of spirulina in microclimatic conditions. This type of spirulina powder is relatively cheaper, easily available, and more edible as compared to its organic counterpart. Conventional-type powder dominates the global market with a share of 59.1%.
Key Takeaways from the Spirulina Powder Market Report
- Owing to its emerging vegan trend, the United States showcased a 26.8% share of the spirulina powder industry
- China has a 9.7% share of the global spirulina market due to its association with the use of spirulina since ancient times.
- Based on application type, dietary supplements and pharmaceuticals dominate the spirulina powder industry with a 72.9% global revenue share.
- Emerging brands have come up with many innovative food items that have spirulina powder as their main ingredient, like smoothies, ready-to-serve beverages, and everyday snacks.
Recent Developments in the Spirulina Market
- To provide its patients with essential nutrients and vitamins, Mumbai’s Group of Tuberculosis Hospitals recently cultivated spirulina on its premises.
- The National Aeronautics and Space Administration (NASA) is all set to incorporate spirulina powder into the diets of its astronauts.
- GNT Group came up with Exberry Shade Bright Green, a spirulina-infused, green powder that has applications in bakery mixes and seasoning products.
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Key Market Players
- Clos Sainte Aurore
- Spirulina Viva
- SPIFORM
- Spirulina La Capitelle
- Aurospirul
- Far East Microalgae Industries Co., Ltd
- Fuqing King Dnarmsa Spirulina Co. Ltd.
- DIC Corporation
- Cyanotech Corporation
- C.B.N. Bio-engineering Co., Ltd
- Yunnan Green A Biological Project Co., Ltd
- Jiangshan Comp Spirulina Co. Ltd
- Inner Mongolia Rejuve Biotech Co., Ltd.
- Zhejiang Binmei Biotechnology Co., Ltd.
- Bluetec Naturals Co., Ltd.
- Taiwan Chlorella Manufacturing Company
- Roquette Klötze GmbH & Co. KG
Market Segmentation
By Nature:
- Organic
- Conventional
By Application:
- Food & Beverage
- Dietary Supplements and Pharmaceuticals
- Animal & Aquaculture Feed Cosmetics and Personal Care
- Others
By Sales:
- Channel
- Direct Sales
- Retail Sales
- Modern Trade
- Specialty Stores
- Pharma & Drug Stores
- Online Retail
- Other Retailing Formats
By Region:
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East and Africa
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