Global Spirulina Powder Market – Industry Trends and Forecast to 2029

Global Spirulina Powder Market By Form (Powder, Tablets/ Capsules, Liquid and Granules), End User (Food and Beverages, Nutraceuticals, Cosmetics & Personal Care, Feed and Pharmaceutical), Distribution channel (The Super Stores, Department Stores, Grocery and Online Retailers) – Industry Trends and Forecast to 2029.

Spirulina Powder Market Analysis and Size

Spirulina are used in a variety of industries to commercially manufacture valuable end products such as food and beverage, nutraceuticals, pharmaceuticals, paints and colorants, fertiliser, and fuel. Carotenoids, lipids, algal proteins, hydrocolloids, and other are useful and in high demand for end-product manufacturing. The various forms of microalgae or seaweed and microalgae, such as blue-green algae (BGA), red algae, and brown algae, are used to create useful products that are rich in healthy nutrients.

Data Bridge Market Research analyses that the spirulina powder market which was growing at a value of USD1024.91 million in 2021 and is expected to reach the value of USD 1883.03 million by 2029, at a CAGR of 7.90% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Spirulina is a dietary supplement derived from blue-green algae biomass or cyanobacteria. Cyanobacteria can be found in ponds, lakes, and rivers. There are two types: arthrospores platensis and arthrospores maxima. Protein, vitamins, amino acids, and minerals are abundant in algae. They are available in powder, flake and tablet form and can be consumed by both humans and animals.

Spirulina Powder Market Scope and Segmentation

Spirulina Powder Market Dynamics

Drivers

• Growing awareness about the benefits spirulina

Due to the increasing prevalence of chronic diseases, the growing global population, and individuals' changing lifestyles, there is a significant increase in the consumption of healthy food products and dietary supplements all over the world. This is one of the most important factors boosting market growth. Aside from that, spirulina are widely used in the removal and transformation of pollutants such as nutrients, heavy metals, and xenobiotic from wastewater.

 Increase demand of algae based products in cosmetic and pharmaceutical industries

These products help to increase the elasticity and suppleness of the skin as well as stimulate the renewal of damaged skin cells. Aside from that, because they help with detoxification, cleansing, and toning the skin, they are widely used in the beauty and personal care industries all over the world.

Furthermore, because green spirulina are abundant, resilient, and cost-effective, they are widely used in biologic drugs all over the world. They are used in the production of pharmaceuticals, vitamins, vaccines, nutraceuticals, and other nutrients for the treatment of diabetes, multiple sclerosis, and cancer. This, along with the increasing adoption of spirulina to produce livestock for aquaculture varieties, such as fish for cultivation, is driving market growth.
Opportunities

Furthermore, the increase in government and private initiatives supporting aquaculture research and development, as well as consumer demand for natural ingredients, will increase opportunities for the growth of the spirulina powder market.

Restraints

However, the high cost of production and the impact of climatic conditions on spirulina ion will slow the market's growth rate. Furthermore, ingestion of algae-based prescription medicine commodities such as chlorella, sun microalgae, and spirulina caused gastrointestinal, abdominal, and nauseous symptoms. This factor will impede the overall growth of the spirulina market. Furthermore, a lack of R&D activities in developing countries, as well as a lack of awareness, will pose challenges to the spirulina powder market throughout the forecast period.

This spirulina powder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the spirulina powder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Spirulina Powder Market

The COVID-19 outbreak has created significant medical, social, and economic challenges. The majority of manufacturing companies anticipate that COVID-19 will have an impact on their operations. Food and beverage industry players around the world have seen a significant drop in consumption of their products. Companies are also experiencing supply chain disruptions as a result of lockdowns in various parts of the world and restrictions on commodity transportation. Reduced agricultural production, which disrupts raw material supply, a lack of workers in manufacturing plants and disturbances in the distribution system has disrupted supply chains.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Cyanotech Corporation announced the launch of BioAstin Hawaiian Astaxanthin in October 2020, a new delivery form, water-dispersible powder, available in both 1% and 2% concentrations. BioAstin Hawaiian Astaxanthin is a potent antioxidant derived from natural Haematococcus pluvialis microalgae grown on Hawaii's Kona Coast
• Cargill introduced the WavePure ADG series in February 2020, which is sourced from Gracilaria red seaweed, which is considered a traditional food ingredient in the European Union.

Global Spirulina Powder Market Scope

The spirulina powder market is segmented on the basis of form, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

• Powder
• Tablets/ Capsules
• Liquid
• Granules

End User

• Food and Beverages
• Nutraceuticals
• Cosmetics & Personal Care
• Feed
• Pharmaceutical

Distribution Channel

• The Super Stores
• Department Stores
• Grocery
• Online Retailers

Spirulina Powder Market Regional Analysis/Insights

The spirulina powder market is analysed and market size insights and trends are provided by country, type, form, end user and distribution channel as referenced above.

The countries covered in the spirulina powder market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in Global (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the spirulina powder market due to high consumption and production of algae-based products, which results in high market demand. Along with this, the main reason is a large population that is increasingly interested in healthy food products, in which algae-based ingredients play an important role.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Spirulina Powder Market Share Analysis

The spirulina powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to spirulina powder market.

Some of the major players operating in the spirulina powder market are:

• BASF SE (Germany)
• Lonza (Switzerland)
• SePRO Corporation (U.S.)
• BioSafe Systems, LLC (U.S.)
• N. Jonas & Company, Inc. (U.S.)
• UPL (India)
• Phoenix Products Co. (U.S.)
• Weifang Maochen Chemical Co., Ltd. (China)
• Airmax (U.S.)
• Oreq (U.S.)