The spirulina powder market valued at US$ 472.67 million in 2023, is expected to reach US$ 777.18 million by 2033, driven by the growing demand for nutrient-dense plant-based supplements. With a projected 6.4% CAGR from 2023 to 2033, spirulina’s popularity among vegetarian athletes and its potential to address malnutrition contribute to its market growth. Government initiatives are further promoting spirulina powder for its benefits in tackling food crises in underdeveloped countries.
The spirulina powder market In 2023, the valuation is US$ 472.67 million. Growing demand for nutrient-dense plant-based supplements is expected to propel the spirulina powder market to a US$ 777.18 million valuation by 2033. Throughout the projected period from 2023 to 2033, the market is anticipated to grow at a CAGR of 6.4%.
Among vegetarian athletes worldwide, spirulina—a blue-green algae that thrives in freshwater—is one of the most often used supplements. Its superfood reputation and anti-inflammatory properties have made it popular in the vegan fitness scene.
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The rise of nutraceutical firms is projected to propel the spirulina powder market in the future years. Spirulina powder can be used to treat malnutrition, food shortages, and other relevant problems that contribute to food crises in underdeveloped countries. Spirulina powder is being promoted by several government efforts as a result of these benefits.
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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