Surge in Demand: Spirulina Market Growth at 8.89% CAGR by 2030

Overview of Spirulina Market Size & Future Outlook

According to the latest report by MarkNtel Advisors, the Global Spirulina Market size is estimated to grow at a CAGR of around 8.89% from 2025-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.

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What are the key drivers influencing the growth of the Spirulina market?

This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.

Rising Application of Spirulina in the Food & Beverage Sector - As Spirulina exhibits high nutritional value and addresses & curbs health conditions like malnutrition among people, its demand is escalating swiftly across various countries worldwide, i.e., instigating manufacturers to expand their production & distribution capacities to cater to varied consumer requirements. As a result, several companies are now actively participating in introducing different food & beverages utilizing these supplements, which, in turn, is driving the Global Spirulina Market.

How is the Spirulina market segmented and what are the key factors within each segment?

The Spirulina market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.

By Type

Arthrospira Platensis
Arthrospira Maxima

By Formation

Powder
Tablet
Liquid

By Application

Food & Beverage
- Bakery
- Confectionery
- Other Processed Foods
Dietary Supplements
Cosmetics & Personal Care
Agriculture

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific.

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Who are the Key Market Players in the Spirulina industry?

The competitive landscape of the Spirulina market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.

Several key players are actively operating in the market, including

Algenol Biofuels Inc.
Hansen Holding A/S.
Cyanotech Corporation
Dongtai City Spirulina Bio-engineering Co.
Fuqing King Dnarmsa Spirulina Co., Ltd.
Fraken Biochem Co., Ltd.
Naturex S.A.
Now Foods
Parry Nutraceuticals Ltd.
Prolgae Spirulina Supplies Pvt. Ltd.
Sensient Technologies Corporation
Others.

Market Advancement by Leading Companies:

On 23 February 2023, ScotBio announced working with the University of Edinburgh, Robert Gordon University, and the Industrial Biotechnology Innovation Centre (IBioIC) to determine how waste molecules from spirulina can be extracted & used for their natural antiviral properties.

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