Spirulina Market Overview | Industry Size and Growth:
Spirulina is one of the beneficial diet supplements for humans and animals, which is prepared from natural blue-green algae called cyanobacteria. Available in tablets, flakes, powder, and liquid, spirulina is having multiple benefits to the human body including its uses in the treatment of cancer, cardiovascular and other immunity-related diseases. Rich in proteins, nutrients, vitamins and antioxidants, spirulina is helpful in reducing the levels of LDL and triglyceride and exhibits anti-cancer properties.
Global Spirulina Market is growing at an impressive CAGR of 12.39% to witness USD 1958.4 Million by the end of 2025, as per our recent market research report.
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Other than its medicinal benefits, spirulina is having a wide range of applications in the food and beverages industry as a natural coloring agent. Phycocyanin, a protein and primary pigment of spirulina imparts a blue color to the product, which in combination with other colors produces customized colors like green, lavender, and others. The antioxidants in spirulina are having the applications in cosmetic and beauty products market as an anti-aging cream. Cognitive abilities and other physical abilities can be improved with the regular intake of spirulina.
Growth Drivers of the Market:
There are multiple factors boosting the growth of the global spirulina market such as the increasing malnutrition among children, growing demand for protein- and vitamin-rich food, use of spirulina as a natural food colour in the food and beverages industry, anti-ageing applications in the beauty products, use in the feed of animals, poultry, and aquatic creatures, increasing awareness about healthy living, rising disposable income of the population, government regulations and so on. However, the lack of awareness among the people, the limited availability of freshwater resources and favorable climatic conditions and the high process of the products are restricting the rapid expansion of the market in several developing nations.
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Based on geography, North America and the Asia Pacific account for the largest portion of the global spirulina market share due to the availability of appropriate climatic conditions, rapid urbanization, and growing healthcare awareness and spending of the population. The United States of America, Germany, and Japan are the major consumers for the spirulina extracts. The strict government norms for the avoidance of artificial chemical colorants in the food will also support the market growth in Europe and North America.
Leading Companies Dominating the Global Spirulina Market are:
Algene Biotech, Aller Aqua, BASF, Chr. Hansen A/S, Cyanotech Corporation, C.B.N. Spirulina Canada Co., Ltd, DDW – the Color House, DIC Corporation- Earthrise Nutritionals, Dohler Group, Fiorio Colori S.p.A, FMC Corporation, Solazyme are some of the leading companies in the global spirulina market.
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