The global spirulina powder market size is poised for substantial growth, with projections indicating a rise from US$ 461 million in 2024 to US$ 702 million by 2034, reflecting a robust 5.9% compound annual growth rate (CAGR).
Spirulina powder, derived from the blue-green algae spirulina, holds significant appeal for vegetarian fitness enthusiasts worldwide, thanks to its cultivation in freshwater bodies. Renowned for its superfood status and potent anti-inflammatory properties, spirulina powder has garnered considerable traction within the vegan fitness industry.
The market’s expansion is further fueled by the increasing presence of nutraceutical manufacturers, capitalizing on spirulina powder’s nutritional benefits. Moreover, spirulina powder’s potential to address malnutrition, food shortages, and related challenges in underdeveloped regions has led to its endorsement by government bodies, further propelling market growth.
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Spirulina powder, renowned for its medicinal properties, is predominantly favored by individuals pursuing weight loss regimens. Its high protein content, coupled with essential minerals and vitamins, positions spirulina powder as a natural alternative to chemical steroids and supplements. Widely accessible, this nutrient-rich powder is readily available at leading health food stores, e-commerce platforms, and specialty supplement shops.
Traditionally, spirulina powder is derived from artificially cultivated spirulina in controlled microclimatic environments. This conventional production method yields a more affordable, easily accessible, and palatable product compared to its organic counterpart. As a result, conventional spirulina powder dominates the global market, commanding a substantial market share of 59.1%.
“There is little to no awareness about the health benefits of spirulina powder. Well-established sports nutrition brands can benefit a lot if they collaborate with world-renowned athletes and fitness figures for the endorsement of spirulina powder”, opines Nandini Roy Choudhury, Client Partner at Future Market Insights.
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 market.
- 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 market 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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