Spirulina Market to be Worth $1.1 Billion by 2030

Meticulous Research®—a leading global market research company, published a research report titled, ‘Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverage, Animal Feed, Cosmetics, Agriculture) – Global Forecast to 2030.’

In terms of value, the spirulina market is expected to reach $1.1 billion by 2030, at a CAGR of 9.4% from 2023 to 2030, while in terms of volume, the market is expected to reach 102,381.3 tons by 2030, at a CAGR of 8% from 2023 to 2030. The growth of this market is driven by the increasing health & wellness trends and dietary supplements industry, rising demand for natural food colors, growing vegetarianism, positive impact on the environment with spirulina cultivation, strict regulations regarding the inclusion of synthetic colors and flavors, growing preference for spirulina-sourced products, increasing use of spirulina in aquaculture, and growing investments from natural-color manufacturers.

Furthermore, the emergence of new application areas, growing demand for phycocyanin, rising demand for spirulina from biorefineries, and increasing demand for fresh/frozen spirulina are expected to provide significant growth opportunities for players operating in this market. However, the low awareness of the benefits of spirulina, the complex production of algae products, and the risk of contamination may restrain the growth of this market. The adoption of new production technologies (photobioreactors) is a major trend in this market.

The spirulina market is segmented by product type, distribution channel, application, and geography.

Based on product type, the spirulina market is segmented into powder, tablets, capsules, flakes, phycocyanin, and frozen spirulina. In 2023, the powder segment is expected to account for the largest share of the spirulina market. The large market share of this segment is attributed to its rising

Spirulina Market to be Worth $1.1 Billion by 2030

Meticulous Research®—a leading global market research company, published a research report titled, ‘Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverage, Animal Feed, Cosmetics, Agriculture) – Global Forecast to 2030.’

In terms of value, the spirulina market is expected to reach $1.1 billion by 2030, at a CAGR of 9.4% from 2023 to 2030, while in terms of volume, the market is expected to reach 102,381.3 tons by 2030, at a CAGR of 8% from 2023 to 2030. The growth of this market is driven by the increasing health & wellness trends and dietary supplements industry, rising demand for natural food colors, growing vegetarianism, positive impact on the environment with spirulina cultivation, strict regulations regarding the inclusion of synthetic colors and flavors, growing preference for spirulina-sourced products, increasing use of spirulina in aquaculture, and growing investments from natural-color manufacturers.

Furthermore, the emergence of new application areas, growing demand for phycocyanin, rising demand for spirulina from biorefineries, and increasing demand for fresh/frozen spirulina are expected to provide significant growth opportunities for players operating in this market. However, the low awareness of the benefits of spirulina, the complex production of algae products, and the risk of contamination may restrain the growth of this market. The adoption of new production technologies (photobioreactors) is a major trend in this market.

The spirulina market is segmented by product type, distribution channel, application, and geography.

Based on product type, the spirulina market is segmented into powder, tablets, capsules, flakes, phycocyanin, and frozen spirulina. In 2023, the powder segment is expected to account for the largest share of the spirulina market. The large market share of this segment is attributed to its rising