Global Spirulina Market Size To Worth USD 1,338.4 Million By 2032 | CAGR Of 10.1%.

Introduction

The global spirulina market is experiencing significant growth, driven by rising demand for this nutrient-rich blue-green algae. The market size is expected to reach approximately USD 1,338.4 million by 2032, up from USD 511.4 million in 2022, growing at a compound annual growth rate (CAGR) of 10.1% during this period. Key growth factors include increasing health consciousness, the popularity of plant-based diets, and spirulina’s application in various sectors such as food and beverages, dietary supplements, and cosmetics.

The food and beverage sector holds the largest market share, as spirulina is widely used for its natural coloring and nutritional benefits in items like smoothies, desserts, and health supplements. Moreover, the growing trend toward clean label products and sustainable sourcing is boosting its popularity. The Asia-Pacific region is projected to lead market expansion, thanks to substantial production and consumption, particularly in countries like China, where spirulina is in high demand for natural food coloring.

Emerging opportunities also lie in spirulina’s potential for biofuel production and its rising use in fresh and frozen forms, appealing to health-conscious consumers. Overall, the spirulina market’s robust growth reflects changing consumer preferences toward health and sustainability, making it a dynamic segment in the food industry.

Key Takeaways

• Market Growth: In 2022, the Spirulina market was estimated at USD 511.4 million and projected to experience a compound annual growth rate of 10.1% between 2023-2032.
• Form Popularity: Spirulina powder was the leader in market share among all forms in 2022 (66.3%) due to its versatility, ease of use, cost-effectiveness, and long shelf life.
• Nutraceuticals Are In The Lead: Nutraceuticals held the largest market share among application segments (51.7%) in 2022 (51.7%) due to Spirulina’s unique nutritional qualities.

Spirulina Statistics

• To enhance semolina-based pasta, 2–15% concentrations of house-cultivated spirulina powder were used.
• Without negatively affecting the textural and sensory qualities, the addition of spirulina resulted in the development of green colored pasta with nutritional and functional fortification. This pasta’s protein, total phenols, flavonoids, iron, and calcium content increased by up to 77.47%, 76.62%, 162.88%, 296.99%, and 57.27%, respectively.
• Enhanced pasta has 2 to 2.5 times higher levels of γ-linolenic acid and docosahexaenoic acid, according to FAME analysis.
• 12.5% enrichment in pasta Spirulina received a “liked very much” rating, and a high buy intention. enrichment with spirulina at concentrations higher than 10% (12.5%) that significantly improves nutritional and functional qualities without changing the texture.
• Spirulina Industries of NB Laboratories Pvt Ltd, a manufacturer of SPIRULINA powder, tablets, and capsules, occupies more than 30 acres of land and more than 20 acres of pond space.
• Spirulina contains a high nutritional density. Protein that has all the necessary amino acids makes up around 50% of it.
• Researchers in Mexico gathered 36 participants (16 men and 20 women) for a 2007 intervention study by Torres-Duran et al. The participants were required to consume 4.5g of spirulina supplement daily for six weeks.
• Additionally, spirulina lowers blood pressure. The average blood pressure dropped 7.0% from 85 mmHg to 79 mmHg in the diastolic range and 9.2% in the systolic range from 120 mmHg to 109 mmHg.
• A moderate dose of 4.5 g/day of spirulina dramatically reduces triglyceride levels.
• Take 4.5 g of spirulina daily if your total cholesterol and triglyceride levels are increased to harmful levels.
• 52 participants, 20 women and 32 men, were included in a Greek study, and each subject received one gram of spirulina daily for a duration of 12 weeks. The subjects ranged in age from 37 to 61 years old, with a median age of 47. All were of Cretan heritage.
• 75% of them were at “moderate risk” for cardiovascular illnesses, 67.3% were overweight, and all of them had dyslipidemia, or high lipid levels.
• They consumed 5g of spirulina supplement for 15 days. To measure the effects of spirulina, researchers had the subjects abstain from exercise to consume a meal of high fat content (52.3%) and measured their levels of triglycerides and cholesterol 1.5, 3.0, and 4.5 hours after the fatty meal.
• Ingestion of spirulina decreased the rate of carbohydrate oxidation by 10.3% and increased the fat oxidation rate by 10.9% during the 2 hour run when compared with the subjects in the placebo trial.
• Group of eight (5 women and 3 women) consumed 7.5 grams of spirulina per day for 3 weeks. Their average age was 20 years and BMI 22.7. The second group of eight (also 5 women and 3 men) consumed 7.5 grams of soy supplement per day for 3 weeks and served as the placebo.
• In addition to its nutritious content of vitamins and minerals, spirulina is also rich in chlorophyll. In addition, 5-8% of the algae consists of omega-6 fatty acids.
• Aulia Abdan mentioned that the spirulina used in this research is dried spirulina powder. Different doses were added to duck feed: 2% and 4%.
• The research found 66.55mg/100g cholesterol in Peking duck meat fed without spirulina.
• The cholesterol content of Peking duck meat supplemented with 2% spirulina was 66.32mg/100g, while that of Peking duck meat supplemented with 4% spirulina was 55.48mg/100g.
• These results indicate that 4% spirulina supplementation causes a 16.63% reduction in cholesterol levels in Peking duck meat compared to ducks that were not given spirulina in their feed, said Dinda Rahmasari.
• Spirulina has 300% more calcium than whole milk Good for bones, osteoporosis, growth of children.
• Spirulina has 2300% more iron than spinach Good for blood, prevents anemia.
• Spirulina has 3900% more Beta Carotene than carrots Good for eyes, strong antioxidant, immunity.
• Spirulina has 375% more protein than tofu Building block for muscle tissue, necessary in diet.

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Emerging Trends

• The spirulina market is witnessing several emerging trends that are significantly influencing its growth trajectory. One of the most notable trends is the increasing consumer demand for plant-based diets and natural food additives. Spirulina is being embraced as a nutrient-rich supplement due to its high protein content and health benefits, making it a popular choice in the nutraceutical sector. Additionally, the rising trend of clean-label products, which consumers associate with healthier and less processed foods, is boosting spirulina’s popularity as a natural colorant in food products.
• Technological advancements in spirulina cultivation and extraction are also enhancing production efficiency and product quality, which are critical for meeting the growing market demand. Furthermore, the expansion of spirulina applications in various industries, including cosmetics, pharmaceuticals, and animal feed, is opening up new opportunities for growth. For instance, the use of spirulina in skincare products is gaining traction due to its anti-inflammatory properties.
• In the Asia Pacific region, countries like Korea and China are leading in spirulina production, while Europe and North America are experiencing strong market growth driven by health-conscious consumers seeking natural and sustainable food options. Overall, the spirulina market is projected to grow significantly, capitalizing on these trends, with a forecasted CAGR of 10.1% through 2032.

Use Cases

• Spirulina, a blue-green algae, is increasingly recognized for its versatile applications across various sectors. In the food and beverage industry, spirulina is used as a natural colorant and nutritional enhancer, appearing in smoothies, energy bars, and snack foods. The nutraceuticals market is another significant sector, with spirulina supplements being popular for their rich protein, vitamins, and minerals content, catering to health-conscious consumers. In animal feed, spirulina is valued for its high protein content and is incorporated into aquaculture and livestock diets to boost growth and health. Additionally, in the cosmetics industry, spirulina is used in skin care products for its anti-aging properties, helping to improve skin elasticity and hydration.
• The global spirulina market is set to grow substantially, projected to reach around USD 1,338.4 million by 2032, with a CAGR of 10.1% from 2022 to 2032. This growth is driven by rising health awareness, increased demand for plant-based products, and innovations in product formulations. With its myriad applications and health benefits, spirulina is becoming a staple ingredient in various industries, presenting ample market opportunities for businesses looking to capitalize on this trend.

Key Players Analysis

Cyanotech Corporation is a prominent player in the Spirulina sector, recognized for its commitment to sustainable practices and high-quality products. Located in Kona, Hawaii, Cyanotech specializes in cultivating microalgae, particularly Hawaiian Spirulina Pacifica, using environmentally friendly methods. The company has a strong emphasis on transparency and sustainability, recently restructuring its sales approach to better connect with both B2B and B2C markets. In 2024, Cyanotech reported a slight increase in net sales to $6 million, showcasing its resilience in a competitive landscape. With the growing consumer interest in health and wellness products, Cyanotech is well-positioned to expand its market presence and meet rising demand for its Spirulina offerings.

Givaudan, a leader in the flavor and fragrance industry, is actively engaged in the spirulina sector by focusing on sustainable and innovative food solutions. The company is committed to enhancing plant-based nutrition and reducing the environmental impact of food production. Givaudan has developed various initiatives, including its Tropical Food Innovation Lab in Brazil, which promotes the use of local resources like spirulina for creating healthier food products. Additionally, Givaudan is expanding its portfolio in the plant-based space by launching tailored solutions that leverage spirulina’s nutritional benefits, addressing the growing consumer demand for sustainable and nutritious food options.

Koninklijke DSM N.V. is a key player in the spirulina market, known for its focus on health and nutrition. The company leverages its extensive expertise in biotechnology to produce high-quality spirulina products, catering to the increasing demand for natural dietary supplements and functional foods. In recent years, DSM has actively worked to enhance spirulina’s nutritional profile and explore new applications, including natural food coloring, reflecting the market’s growing trend towards sustainable and health-focused solutions.

Sensient Technologies Corporation plays a significant role in the spirulina sector, focusing on innovative natural color solutions derived from this nutrient-rich blue-green algae. They have developed optimized spirulina extracts that provide vibrant blue hues for various applications, such as ice cream and confections. Their unique formulations address challenges like heat stability and pH sensitivity, which are critical for maintaining color integrity during production. As demand for natural ingredients continues to rise, Sensient’s advancements not only enhance product aesthetics but also cater to the growing consumer preference for clean-label products.

DIC Corporation plays a significant role in the spirulina sector, primarily through its production of LINABLUE®, a natural blue food coloring derived from spirulina. The company invested $13 million to expand its California facility, which focuses on extracting phycocyanin, the blue pigment in spirulina. This expansion follows an earlier investment of $10 million in 2013, reflecting the growing demand for natural colorants driven by consumer preferences for clean-label products. DIC is recognized for its innovation in spirulina applications, including exploring additional pigments and utilizing spirulina as a plant-based protein for food and animal feed.

eChlorial is a prominent player in the spirulina sector, specializing in organic spirulina cultivated in Europe. They offer high-quality spirulina products that are rich in protein, containing about 60% protein content, and are packed with essential nutrients, vitamins, and antioxidants, particularly phycocyanin. This makes their spirulina especially popular among athletes and health-conscious consumers. eChlorial ensures that their spirulina is grown in a controlled environment without additives or chemicals, emphasizing sustainability and nutritional quality. Their products are certified organic, vegan, and adhere to strict European quality standards, making them a trusted choice in the spirulina market.

Giuriati Group is actively involved in the spirulina sector, focusing on the development and marketing of dietary supplements, nutraceuticals, and personal care products. The company has established exclusive partnerships to distribute high-quality spirulina products, particularly under its brand, Marcus Rohrer Spirulina. Recently, Giuriati Group has expanded its market presence by acquiring Up Pharma, enhancing its product portfolio and boosting its annual turnover to over €40 million. This strategic move is part of their broader plan to strengthen their position in the health and wellness market, particularly in pharmacies.

Algenol Biotech is a leading player in the spirulina sector, focusing on sustainable algae production. The company specializes in developing high-purity spirulina products, including protein isolates, which are known for their excellent digestibility and nutritional benefits. Algenol’s spirulina is non-GMO, vegetarian, and rich in essential amino acids, making it suitable for various applications, such as food supplements and energy drinks. With a commitment to sustainability, Algenol employs advanced cultivation methods that reduce carbon emissions while providing high-quality algae products. This approach not only meets the growing demand for natural food sources but also aligns with environmental goals.

Pond Technologies Inc. is making significant strides in the spirulina sector through innovative approaches to algae cultivation. The company focuses on producing algae-based products that not only serve human nutrition but also help mitigate climate change by utilizing carbon emissions.

I.D. – Parry (India) Limited, through its subsidiary Parry Nutraceuticals, is a prominent player in the Spirulina sector, focusing on high-quality organic Spirulina production. The company has successfully re-entered the European market after resolving regulatory challenges, now offering improved Spirulina products using advanced filtration technology that enhances their purity and nutritional content. Parry Nutraceuticals is notable for its comprehensive organic certifications, including EU Organic and Naturland certifications, ensuring that its Spirulina is produced sustainably and meets stringent quality standards. With exports to over 41 countries, Parry Nutraceuticals continues to innovate in microalgal technology, catering to diverse markets, including food, dietary supplements, and cosmetics.

Lifevision Healthcare is a prominent player in the spirulina sector, focusing on the production and supply of high-quality spirulina-based products. This company is known for its commitment to health and wellness, leveraging the nutritional benefits of spirulina, a superfood rich in protein, vitamins, and minerals. With advanced manufacturing facilities and certifications like ISO and GMP, Lifevision Healthcare ensures that its spirulina products meet strict quality standards. The company’s strategic approach to innovation and customer satisfaction positions it as a reliable partner in the growing health supplement market, catering to various consumer needs.

NB Laboratories Pvt Ltd is a leading manufacturer of organic spirulina, based in Nagpur, India. Established with a focus on enhancing nutritional options in today’s fast-paced lifestyle, the company emphasizes high-quality health supplements derived from superfoods. They cultivate spirulina in a controlled, pollution-free environment across 30 acres of land and 20 acres of pond area, ensuring the integrity of their products. With a strong commitment to research and development, NB Labs continuously innovates to meet the growing demand for functional foods and supplements, promoting overall health through natural solutions.

Conclusion

In conclusion, the spirulina market is experiencing significant growth driven by rising consumer interest in health and wellness products. The market size is projected to reach approximately USD 1,338.4 million by 2032, growing at a CAGR of 10.1% from USD 511.4 million in 2022. This growth is primarily fueled by the increasing demand for natural dietary supplements, functional foods, and clean-label products across various sectors, including nutraceuticals and cosmetics. Additionally, ongoing research and innovation in spirulina applications and sustainable cultivation methods are expected to open new opportunities for market expansion, appealing to environmentally conscious consumers.

The trends toward plant-based diets and immune-boosting ingredients, especially post-COVID-19, have further accelerated interest in spirulina, highlighting its versatile applications in food, beverages, and supplements. With North America leading the market, followed by significant contributions from Europe and Asia-Pacific, the outlook for the spirulina market remains robust as it adapts to changing consumer preferences and industry standards.

Sources:

• https://pubmed.ncbi.nlm.nih.gov/35407065/
• https://www.spirulinanb.com/
• https://blog.insidetracker.com/does-supplementing-with-spirulina-improve-your-health-and-performance
• https://www.healthwell.com/organic-spirulina
• https://ugm.ac.id/en/news/ugm-students-utilize-spirulina-algae-to-reduce-cholesterol-in-peking-duck-meat/
• https://www.viesunspirulina.com/en/spirulina/nutrition-facts.html