Spirulina Market

Global Spirulina Market

As stated in our extensive report; the Global Spirulina Market accounted for USD 495.8 Million in the year 2021.

The health & wellness industry’s expansion, rising demand for natural food colors, rising vegetarianism, and rising malnutrition are the primary factors driving the growth of the Spirulina market. In addition, the increasing preference for Spirulina-sourced products, particularly those with pigments and omega-3 fatty acids, the expanding use of Spirulina in aquaculture diets, and the rise in the number of products containing Spirulina as an ingredient around the world are additional factors that contribute to the market’s expansion.

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Key factors influencing Spirulina Market Growth

The growth of the global Spirulina market can be attributable to the following:

1. Globally, the market for vitamins, minerals, and dietary and herbal supplements (VMHS) is expanding steadily. The aging population, greater consumer knowledge of preventative healthcare, a rise in self-directed consumers, the proliferation of channels, and the transition from ingredient-focused messaging to broader brand positioning are the main reasons propelling the expansion of the supplements sector.
2. Spirulina is one such component of a healthy lifestyle that has become popular due to its health advantages. People frequently use Spirulina as a self-care technique for energy, nutritional security, weight management, and cleansing.
3. Spirulina is getting increased attention from doctors as a nutraceutical, in addition to its use as a food supplement to treat nutritional deficiencies.
4. Furthermore, due to its capacity to alter immunological processes and display anti-inflammatory qualities, the National Aeronautics and Space Administration (NASA) also employed it as a food supplement for astronauts on space missions.
5. Spirulina is thus garnering increasing attention from health enthusiasts worldwide due to its diversified nutritional nature as well as its antioxidant and protective health advantages, thus fueling the expansion of the worldwide Spirulina market.
6. Vegetarians eat foods that have ingredients or other components that come from plants. Spirulina has consequently begun to draw the serious attention of these customers.
7. As a result, Spirulina can potentially be ingested by a bigger section of the consumer population than conventional whey or casein-based protein powders, in addition to being an environmentally friendly option.
8. Spirulina includes considerable amounts of calcium, niacin, potassium, magnesium, B vitamins, and iron, according to the USFDA. Furthermore, Spirulina dietary supplements are popular among vegetarians and vegans due to the high content of full vegetable protein and the numerous B vitamins, calcium, and iron.
9. It also contains necessary amino acids (compounds that are the building blocks of proteins). For instance, studies have revealed that dried Spirulina has a protein content of 70% by weight, which is about three times more than beef.
10. As a result, the demand for Spirulina as a top source of protein is anticipated to rise dramatically in the next years, along with the expanding vegetarianism trend. 

North America Region to Lead the Market

North America Spirulina market is getting more significant with maximum market share during the forecast period. However, throughout the projection period, it is anticipated that the Spirulina market in Asia-Pacific, particularly in China, India, and Japan, will experience rapid growth. The existence of local and regional companies, the expanding dietary supplement market, and the growing urgency to end malnutrition, good climatic conditions, and cheap manufacturing costs are predicted to propel this market’s expansion. Further propelling the growth of the Spirulina market in the Asia-Pacific region are various government initiatives to encourage the usage of Spirulina and continuing research researching the different applications for Spirulina. 

Conclusion

The health & wellness industry’s expansion and rising demand for natural food colors positively influence the overall Spirulina market.

Some of the key players in the Global Spirulina Market include- Algenol Biofuels Inc. (U.S.), Cabassi & Giuriati SPA (Italy), Cyanotech Corporation (U.S.), DDW Inc. (U.S.), DIC Corporation (Japan), DÖHLER GmbH (Germany), Dongtai City {{keyword}} Bio-Engineering Co. Ltd. (China), ECHLORIAL (France), E.I.D. Parry Limited (India) and others.