According to Markntel Advisors Report, Spirulina Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Spirulina is a blue-green algae and is considered a super-food today, principally due to its nutrient-rich profile & extensive application across different sectors. Spirulina exhibits beta carotene, protein, fatty acids, copper, vitamins, & iron and is mainly of two types, viz., Arthrospira Platensis & Arthrospira Maxima.
Global Spirulina Market Research Report & Summary:
The Global Spirulina Market size is valued at around USD 848.12 Million in 2024 & is projected to reach USD 1,298 Million by 2030. The market is also estimated to grow at a CAGR of around 8.89% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Spirulina Market?
The top companies of the Spirulina Market ruling the industry are:
Algenol Biofuels Inc., Chr. 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
Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/spirulina-market.html
("Kindly use your official email ID for all correspondence to ensure seamless engagement and access to exclusive benefits, along with prioritized support from our sales team.")
Spirulina Industry Recent Developments
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.
What is Included in Spirulina Market Segmentation?
The Spirulina Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-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
Explore the Complete Spirulina Market Analysis Report – https://www.marknteladvisors.com/research-library/spirulina-market.html
Market Dynamics -Global Spirulina Market:
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.
Limited Awareness of Spirulina and its Benefits among Consumers - A lack of knowledge among consumers about Spirulina's composition, cultivation methods, & potential applications, coupled with the availability of alternative dietary supplements & superfoods, hinder its adoption worldwide. Numerous products in the health & wellness industry contest for consumer attention, and Spirulina must compete with these alternatives to establish its market presence. Moreover, price sensitivity is another aspect that negatively impacts the demand for Spirulina, the cultivation & processing of which involve specific techniques & infrastructure and thus incur higher production costs than other dietary supplements. Hence, these aspects are projected to hamper the growth of the Spirulina Market during 2025-30.
Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/spirulina-market.html
Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
For Further Queries:
Contact Us
MarkNtel Advisors
Call us - +1 628 895 8081, +91 120 4278433
Email at -[email protected]
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India
