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Spirulina Market

Spirulina Market was valued at USD 588.93 Million in 2023, and it is expected to reach USD 1192.20 Million by 2030, exhibiting a CAGR of 10.6 % during the forecast period (2024-2030).<br>

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Spirulina Market

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  1. SPIRULINA MARKET GLOBAL ANALYSIS REPORT 2025-230 Published by: Rahul, Marketing Head

  2. Market Size & Overview: The spirulina market was valued at approximately USD 588.93 million in 2023 and is projected to reach around USD 1,192.20 million by 2030, growing at a CAGR of 10.6% during the forecast period (2024-2030). Spirulina, a nutrient-rich blue-green algae, is utilized as a dietary supplement and feed additive due to its high protein content and essential nutrients. Its applications span across food and beverages, nutraceuticals, animal and aquaculturefeed, pharmaceuticals, veterinary, and cosmetics industries.

  3. Market Growth & Opportunities The market's growth is driven by increasing consumer awareness of spirulina's health benefits, including weight management and immune system support. The rising demand for natural food products, plant-based protein sources, and natural food colorants further propels its adoption. Government initiatives promoting spirulina cultivation and the growing trend of fitness and wellness present significant opportunities for market expansion. Additionally, spirulina's potential in addressing malnutrition and food security challenges, especially in emerging markets, offers promising prospects. Sample Request

  4. Market Segmentation by Type by Application ❖ArthrospiraPlatensis ❖Food & beverages ❖Arthrospira Maxima ❖Nutraceutical ❖Animal and Aquaculture Feed by Drug Formulation ❖Pharmaceutical ❖Powder ❖Veterinary ❖Tablet & Capsule ❖Cosmetic ❖Liquid ❖Others ❖Granule & Gelling Agent

  5. Regional Analysis: North America: In 2024, North America held a major market share, accounting for more than 40% of global revenue, with a market size of USD 246.08 million. The region's growth is attributed to a health-conscious population and the popularity of plant-based diets. Europe: Europe accounted for over 30% of global revenue in 2024, with a market size of USD 184.56 million. The demand is driven by the increasing use of spirulina in functional foods, beverages, and cosmetics. Asia-Pacific (APAC): APAC held around 23% of global revenue in 2024, with a market size of USD 141.50 million, and is expected to grow at a CAGR of 12.6% from 2024 to 2031. Growth in this region is propelled by government initiatives in countries like India and China promoting spirulina production, along with rising health awareness among consumers.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request Customized Report Request

  7. Merges and Acquisition Nutritional Supplement Companies Acquiring Spirulina Producers: Established supplement companies may acquire spirulina producers to secure a stable supply of high-quality spirulina, enhancing their product offerings and controlling production costs. Food and Beverage Companies Expanding into Health and Wellness: Large food and beverage corporations may merge with or acquire spirulina producers to diversify their portfolios and meet the growing consumer demand for natural, nutrient-rich ingredients. Aquaculture and Animal Nutrition Companies Acquiring Spirulina Suppliers: Companies in the aquaculture and animal nutrition sectors may seek mergers with spirulina producers to ensure a consistent supply for feed supplements, improving the nutritional profile of animal feed. Buy This Report Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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