Spirulina Market by Distribution Channel (Consumer Channel, Business Channel), Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin Extract), and Application (Nutraceuticals, Food and Beverages, Agriculture, Animal Feed) - Global Forecast to 2025

Report ID:MRFB - 104371
Pages: 263
Jan 2020
Formats*: PDF
Category: Food & Beverages
Delivery: 2 to 4 Hours

371

1. Executive Summary
1.1. Introduction
1.2. Market Size and Growth Rate
1.3. Market Drivers
1.4. Market Opportunities
1.5. Distribution Channel
1.6. Product Analysis
1.7. Application
1.8. Success Factors

2. Market Overview
2.1. Key Findings
2.2. Introduction
2.3. Evolution
2.4. Market Segmentation
2.4.1. Spirulina Market, by Distribution Channel
2.4.2. Spirulina Market, by Product Type
2.4.3. Spirulina Market, by Application

3. Industry Trends
3.1. Introduction
3.2. Spirulina Formulation
3.2.1. Recommended Basic Dose of Spirulina
3.3. Common Formulations of Spirulina
3.4. Value Chain Analysis
3.4.1. List of Key Producers, by Size
3.4.1.1. Micro-farmers (1-2 Ton/Year)
3.4.1.2. Small Farmers (2-20 Ton/Year)
3.4.1.3. Large Farmers (20-200 Ton/Year)
3.4.1.4. Very Large Farmers (More than 200 Ton/Year)
3.4.2. Handling and Packaging Companies
3.4.3. List of Some of the Key Buyers*
3.4.4. Pricing Analysis
3.4.4.1. Producer to Manufacturer
3.4.4.2. Manufacturer to Distributor/Wholesaler
3.4.4.3. Distributor/Wholesaler to Retailer
3.4.4.4. Retailer to Consumer

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Health & Wellness Trends and Dietary Supplements Industry
4.2.2. Growing Demand for Natural Food Colours
4.2.3. Growing Vegetarianism
4.2.4. Strict Regulations Regarding the Inclusion of Synthetic Colors and Flavors
4.2.5. Growing Malnutrition
4.2.6. Increasing Preference for Spirulina Sourced Products, Especially Omega-3 Fatty Acids
4.2.7. Growing Use of Spirulina in Aquaculture
4.2.8. Increase in the Number of Products that Include Spirulina as an Ingredient
4.3. Restraints
4.3.1. Low Awareness about the Benefits of Spirulina
4.3.2 Complex Production of Algae Products
4.4. Opportunity
4.4.1. Emergence of New Application Areas
4.4.2. Growing Demand for Phycocyanin
4.4.3. Growing Demand of Spirulina from Bio Refineries
4.5. Trends
4.5.1. Growing Adoption of New Production Technologies (Photobioreactors)
4.6. Standard Regulations
4.6.1. North America
4.6.2. Europe
4.7. Force Field Analysis

5. Global Spirulina Market, by Distribution Channel
5.1. Introduction
5.2. Consumer Channel
5.3. Business Channel

6. Global Spirulina Market, by Product Type
6.1. Introduction
6.2. Powder
6.3. Tablets
6.4. Capsules
6.5. Flakes
6.6. Phycocyanin Extract

7. Global Spirulina Market, by Application
7.1. Introduction
7.2. Nutraceuticals
7.3. Food and Beverages
7.3.1. Key Buyers
7.4. Animal Feed
7.4.1. Key Buyers
7.5. Cosmetics
7.5.1. Key Buyers
7.6. Agriculture
7.6.1. Key Buyers

8. Spirulina Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. Market Size and Growth Rate
8.2.2. Market Trends
8.2.3. Key Drivers and Restraints
8.2.4. Market Opportunity
8.2.5. Key Buyers
8.2.6. Success Factors
8.2.7. Key Players
8.2.8. Distribution Channel
8.2.9. Product Analysis
8.2.10. Application
8.2.11. U.S.
8.2.12. Canada
8.3. Europe
8.3.1. Market Size and Growth Rate
8.3.2. Market Trends
8.3.3. Major Growth Drivers
8.3.4. Market Opportunity
8.3.5. Key Buyers
8.3.6. Success Factors
8.3.7. Key Players
8.3.8. Distribution Channel
8.3.9. Product Analysis
8.3.10. Applications
8.3.11. France
8.3.12. Germany
8.3.13. U.K.
8.3.14. Italy
8.3.15. Spain
8.3.16. The Netherlands
8.3.17. RoE
8.4. Asia-Pacific
8.4.1. Market Size and Growth Rate
8.4.2. Market Trends
8.4.3. Major Growth Drivers
8.4.4. Market Opportunity
8.4.5. Key Buyers
8.4.6. Success Factors
8.4.7. Key Players
8.4.8. Distribution Channel
8.4.9. Product Analysis
8.4.10. Application
8.4.11. China- The Largest and Fastest Growing Market
8.4.12. India
8.4.13. Japan
8.4.14. Australia
8.4.15. Thailand
8.4.16. RoAPAC
8.5. Rest of the World
8.5.1. Market Size and Growth Rate
8.5.2. Major Growth Drivers
8.5.3. Market Opportunity
8.5.4. Key Buyers
8.5.5. Success Factors
8.5.6. Key Players
8.5.7. Distribution Channel
8.5.8. Product Analysis
8.5.9. Application
8.5.10. Latin America
8.5.11. Middle East & Africa
8.5.11.1. Growing Need to Eradicate Malnutrition
8.5.11.2. The Spirulina Farming Project in the UAE
8.5.11.3. Iranian Scientists Produce Sweets for Diabetics from Spirulina

9. Company Profiles (Business Overview and Product Portfolio)
9.1. Micro-farmers
9.1.1. Lenoir Azur Spiruline
9.1.2. Smart Microfarms
9.1.3. Clos Sainte Aurore
9.1.4. Spirulina Viva
9.1.5. Spiform
9.1.6. Kandal Farm
9.1.7. Siem Reap Farm – Cambodia
9.1.8. Dogondoutchi Farm – Niger
9.1.9. Pk13 Farm - Central African Republic (CAR)
9.1.10. Charitable Hearts - Central African Republic (CAR)
9.1.11. Spirulina La Capitelle
9.1.12. Dunga Spirulina
9.2. Small Farmers
9.2.1. Burkina Faso Spirulina Farms
9.2.2. Nayalgue Farm
9.2.3. Akal Food S.A.S
9.2.4. Clean Algae Development (NL)
9.2.5. Algene Biotech
9.2.6. Absheron Biotechnology LLC
9.2.7. Bertolini Mario
9.2.8. Auroville
9.3. Large Farmers
9.3.1. Far East Microalgae Industries Co., Ltd (FEMICO)
9.3.2. June Pharmaceuticals Limited
9.3.3. Erdos Jiali Spirulina Co., Ltd
9.3.4. Shandong Firstspirulina Biotech Co., Ltd
9.3.5. Shenzhen Renda-Spirulina Product Co., Ltd
9.3.6. Village Spiruline
9.4. Very Large Farmers
9.4.1. Fuqing King Dnarmsa Spirulina Co. Ltd.
9.4.2. Earthrise Nutritionals, LLC
9.4.3. E.I.D. - Parry (India) Limited
9.4.4. Cyanotech Corporation
9.4.5. Dongtai City Spirulina Bio-Engineering Co., Ltd.
9.4.6. Yunnan Green A Biological Project Co., Ltd
9.4.7. Zhejiang Comp Spirulina Co., Ltd
9.4.8. Ordos Xinyuli Spirulina Industry Group Co., Ltd
9.4.9. Qingdao Haizhijiao Biotechnology Co., Ltd
9.4.10. Inner Mongolia Rejuve Biotech Co. Ltd
9.4.11. Hydrolina Biotech

10. Appendix
10.1. Introduction
10.1.1. Objective of the Study
10.1.2. Market Definition
10.1.3. Market Ecosystem
10.1.4. Currency and Limitations
10.1.4.1. Currency
10.1.4.2. Limitation
10.1.5. Key Stakeholders
10.2. Research Methodology
10.2.1. Research Process
10.2.2. Secondary Research
10.2.3. Primary Research
10.2.4. Factor Analysis
10.2.4.1. Demand-Side Analysis
10.2.4.2. Supply-Side Analysis
10.2.5. Market Breakdown & Data Triangulation
10.2.6. Market Size Estimation
10.2.6.1. Bottom-Up Approach
10.2.6.2. Top-Down Approach
10.3. Questionnaire
10.4. Available Customization

LIST OF TABLES

Table 1 Recommended Daily Dose of Spirulina
Table 2 Indicative List of Companies and Their Spirulina Formulations
Table 3 Spirulina Microfarmers (<2 Ton/Year)
Table 4 Small Producers of Spirulina (2-20 Ton/Year)
Table 5 Large Producers of Spirulina (20-200 Ton/Year)
Table 6 Very Large Producers of Spirulina (More Than 200 Ton/Year)
Table 7 Average Prices of Spirulina: Producer to Manufacturer, By Country/Region, 2017-2025 ($/Kg)
Table 8 Average Prices of Spirulina: Manufacturer to Distributor/Wholesaler, By Country/Region, 2017-2025 ($/Kg)
Table 9 Average Prices of Spirulina: Distributor/Wholesaler to Retailer, By Country/Region, 2017-2025 ($/Kg)
Table 10 Average Prices of Spirulina: Retailer to Consumer, By Country/Region, 2017-2025 ($/Kg)
Table 11 Total Global Spirulina Market: Impact Analysis of Market Drivers (2019–2025)
Table 12 Clinical Studies for Combating Malnutrition Using Spirulina in Developed and Underdeveloped Countries
Table 13 Total Global Spirulina Market: Impact Analysis of Market Restraints (2019–2025)
Table 14 Comparative Features of Microalga Cultivation Approaches
Table 15 Characteristics of Four Promising PBRS
Table 16 Production Cost and Specific Energy Consumption for Spirulina Cultivation in Open Ponds and PBR For Different Productivities
Table 17 Global Spirulina Market Size, By Distribution Channel, 2017-2025 ($Million)
Table 18 Global Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 19 Spirulina Market Size for Consumer Channel, By Country/Region, 2017-2025 ($ Thousands)
Table 20 Spirulina Market Size for Consumer Channel, By Country/Region, 2017-2025 (Ton)
Table 21 Spirulina Market Size for Business Channel, By Country/Region, 2017-2025 ($ Thousands)
Table 22 Spirulina Market Size, By Business Channel, By Country/Region, 2017-2025 (Ton)
Table 23 Global Spirulina Market Size, By Product Type, 2017-2025 ($Million)
Table 24 Global Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 25 Spirulina Powder Market Size, By Country/Region, 2017-2025 ($Thousands)
Table 26 Spirulina Powder Market Size, By Country/Region, 2017-2025 (Ton)
Table 27 Spirulina Tablets Market Size, By Country/Region, 2017-2025 ($ Thousands)
Table 28 Spirulina Tablets Market Size, By Country/Region, 2017-2025 (Ton)
Table 29 Spirulina Capsules Market Size, By Country/Region, 2017-2025 ($Thousands)
Table 30 Spirulina Capsules Market Size, By Country/Region, 2017-2025 (Ton)
Table 31 Spirulina Flakes Market Size, By Country/Region, 2017-2025 ($Thousands)
Table 32 Spirulina Flakes Market Size, By Country/Region, 2017-2025 (Ton)
Table 33 Phycocyanin Extract Market Size, By Country/Region, 2017-2025 ($ Thousands)
Table 34 Phycocyanin Extract Market Size, By Country/Region, 2017-2025 (Ton)
Table 35 Global Spirulina Market Size, By Application, 2017-2025 ($Million)
Table 36 Global Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 37 Nutritional Profile of Spirulina Powder from Various Companies
Table 38 Spirulina Market Size for Nutraceuticals, By Country/Region, 2017-2025 ($ Thousands)
Table 39 Spirulina Market Size for Nutraceuticals, By Country/Region, 2017-2025 (Ton)
Table 40 Comparison of Protein Content of Other Foods with Spirulina
Table 41 Spirulina Market Size for Food and Beverages, By Country/Region, 2017-2025 ($ Thousands)
Table 42 Spirulina Market Size for Food and Beverages, By Country/Region, 2017-2025 (Ton)
Table 43 Spirulina Market Size for Animal Feed, By Country/Region, 2017-2025 ($ Thousands)
Table 44 Spirulina Market Size for Animal Feed, By Country/Region, 2017-2025 (Ton)
Table 45 Spirulina Market Size for Cosmetics, By Country/Region, 2017-2025 ($ Thousands)
Table 46 Spirulina Market Size for Cosmetics, By Country/Region, 2017-2025 (Ton)
Table 47 Spirulina Market Size for Agriculture, By Country/Region, 2017-2025 ($ Thousands)
Table 48 Spirulina Market Size for Agriculture, By Country/Region, 2017-2025 (Ton)
Table 49 Spirulina Market Size, By Country/Region, 2017-2025 ($Million)
Table 50 Spirulina Market Size, By Country/Region, 2017-2025 (Ton)
Table 51 Some of The Buyers of Spirulina in North America
Table 52 North America: Spirulina Market Size, By Country, 2017-2025 ($Million)
Table 53 North America: Spirulina Market Size, By Country, 2017-2025 (Ton)
Table 54 North America: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 55 North America: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 56 North America: Spirulina Market Size, By Product Type, 2017-2025 ($ Thousands)
Table 57 North America: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 58 North America: Spirulina Market Size, By Application, 2017-2025 ($ Thousands)
Table 59 North America: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 60 U.S.: Spirulina Market Size, By Distribution Channel, 2017-2025 ($ Thousands)
Table 61 U.S.: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 62 U.S.: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 63 U.S.: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 64 U.S.: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 65 U.S.: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 66 Canada: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 67 Canada: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 68 Canada: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 69 Canada: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 70 Canada: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 71 Canada: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 72 Some of Buyers of Spirulina in Europe
Table 73 Some of The Spirulina Producers in Europe
Table 74 Europe: Spirulina Market Size, By Country, 2017-2025 ($Million)
Table 75 Europe: Spirulina Market Size, By Country, 2017-2025 (Ton)
Table 76 Europe: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 77 Europe: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 78 Europe: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 79 Europe: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 80 Europe: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 81 Europe: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 82 Some of The Spirulina Producers in France
Table 83 France: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 84 France: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 85 France: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 86 France: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 87 France: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 88 France: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 89 Overview of German Stakeholders Active in The Broader Algae Area, 2014
Table 90 Germany: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 91 Germany: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 92 Germany: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 93 Germany: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 94 Germany: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 95 Germany: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 96 U.K.: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 97 U.K.: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 98 U.K.: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 99 U.K.: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 100 U.K.: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 101 U.K.: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 102 Some of the Spirulina Producers in Italy
Table 103 Italy: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 104 Italy: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 105 Italy: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 106 Italy: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 107 Italy: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 108 Italy: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 109 Some of the Spirulina Producers in Spain
Table 110 Spain: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 111 Spain: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 112 Spain: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 113 Spain: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 114 Spain: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 115 Spain: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 116 The Netherlands: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 117 The Netherlands: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 118 The Netherlands: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 119 The Netherlands: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 120 The Netherlands: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 121 The Netherlands: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 122 RoE: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 123 RoE: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 124 RoE: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 125 RoE: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 126 RoE: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 127 RoE: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 128 Some of the Buyers of Spirulina in Asia Pacific
Table 129 Asia Pacific: Spirulina Market Size, By Country, 2017-2025 ($Million)
Table 130 Asia Pacific: Spirulina Market Size, By Country, 2017-2025 (Ton)
Table 131 Asia Pacific: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousands)
Table 132 Asia Pacific: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 133 Asia Pacific: Spirulina Market Size, By Product Type, 2017-2025 ($Thousands)
Table 134 Asia Pacific: Spirulina Market Size, Product Type, 2017-2025 (Ton)
Table 135 Asia Pacific: Spirulina Market Size, By Application, 2017-2025 ($Thousands)
Table 136 Asia Pacific: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 137 Some of The Spirulina Producers in China
Table 138 China: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 139 China: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 140 China: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 141 China: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 142 China: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 144 Some of The Spirulina Producers in India
Table 145 India: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 146 India: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 147 India: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 148 India: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 149 India: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 150 India: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 151 Japan: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 152 Japan: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 153 Japan: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 154 Japan: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 155 Japan: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 156 Japan: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 157 Australia: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 158 Australia: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 159 Australia: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 160 Australia: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 161 Australia: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 162 Australia: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 163 Thailand: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 164 Thailand: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 165 Thailand: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 166 Thailand: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 167 Thailand: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 168 Thailand: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 169 RoAPAC: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 170 RoAPAC: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 171 RoAPAC: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 172 RoAPAC: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 173 RoAPAC: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 174 RoAPAC: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 175 Some of the Spirulina Buyers in Rest of the World
Table 176 RoW: Spirulina Market Size, By Region, 2017-2025 ($Million)
Table 177 RoW: Spirulina Market Size, By Region, 2017-2025 (Ton)
Table 178 RoW: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 179 RoW: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 180 RoW: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 181 RoW: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 182 RoW: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 183 RoW: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 184 Latin America: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 185 Latin America: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 186 Latin America: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 187 Latin America: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 188 Latin America: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 189 Latin America: Spirulina Market Size, By Application, 2017-2025 (Ton)
Table 190 Middle East & Africa: Spirulina Market Size, By Distribution Channel, 2017-2025 ($Thousand)
Table 191 Middle East & Africa: Spirulina Market Size, By Distribution Channel, 2017-2025 (Ton)
Table 192 Middle East & Africa: Spirulina Market Size, By Product Type, 2017-2025 ($Thousand)
Table 193 Middle East & Africa: Spirulina Market Size, By Product Type, 2017-2025 (Ton)
Table 194 Middle East & Africa: Spirulina Market Size, By Application, 2017-2025 ($Thousand)
Table 195 Middle East & Africa: Spirulina Market Size, By Application, 2017-2025 (Ton)

LIST OF FIGURES

Figure 1 Global Spirulina Market Size, 2019-2025 ($Million)
Figure 2 Spirulina Market Drivers
Figure 3 Spirulina Market Opportunities
Figure 4 Scope of the Global Spirulina Market
Figure 5 Spirulina Market, By Distribution Channel
Figure 6 Spirulina Powder to Dominate Spirulina Market
Figure 7 Spirulina Market, By Product Type (Ton)
Figure 8 Nutraceutical Application Segment to Dominate the Global Spirulina Market
Figure 9 Spirulina Market Share, By Application, 2019 (%)
Figure 10 Success Factors
Figure 11 Global Spirulina Market Share (Value), By Region, 2019 (%)
Figure 12 Global Spirulina Market Share (Volume), By Region, 2019 (%)
Figure 13 Spirulina Market, By Distribution Channel
Figure 14 Spirulina Market, By Product Type
Figure 15 Spirulina Market, By Application
Figure 16 Benefits from Taking 5-10 Grams of Spirulina Every Day
Figure 17 Most Common Formulations of Spirulina
Figure 18 Value-Chain for Spirulina
Figure 19 Market Dynamics
Figure 20 Countries Vegetarian Population Percentage, 2014
Figure 21 Number of Children’s Under 5 Years Affected by Stunting, 1990-2014
Figure 22 Force Field Analysis of Spirulina Market
Figure 23 Global Spirulina Market Size, By Distribution Channel, 2019-2025 ($Million)
Figure 24 Global Spirulina Market Size, By Distribution Channel, 2019-2025 (Ton)
Figure 25 Consumer Channel of Spirulina
Figure 26 Business Channel of Spirulina
Figure 27 Global Spirulina Market Size, By Product Type, 2019-2025 ($Million)
Figure 28 Global Spirulina Market Size, By Product Type, 2019-2025 (Ton)
Figure 29 Global Spirulina Market Size, By Application, 2019-2025 ($Million)
Figure 30 Global Spirulina Market Size, By Application, 2019-2025 (Ton)
Figure 31 Examples of Spirulina Products in Nutraceutical Market
Figure 32 Examples of Spirulina Based Food & Beverages Products
Figure 33 Examples of Spirulina Based Animal Feed Products
Figure 34 Examples of Spirulina Based Cosmetic Products
Figure 35 Possible Effect of Spirulina Extract in Agriculture
Figure 36 Spirulina Based Agriculture Products
Figure 37 Key Adopters of Spirulina
Figure 38 Global Spirulina Market, By Region, 2019-2025 ($Million)
Figure 39 Global Spirulina Market Size, By Region, 2019-2025 (Ton)
Figure 40 North America: Spirulina Market Size, By Country, 2019-2025 ($Million)
Figure 41 North America: Spirulina Market Size, By Country, 2019-2025 (Ton)
Figure 42 Europe: Spirulina Market Size, By Country, 2019-2025 ($Million)
Figure 43 Europe: Spirulina Market Size, By Country, 2019-2025 (Ton)
Figure 44 Targeted Markets Among Stakeholders in Germany, 2014
Figure 45 Asia Pacific: Spirulina Market Size, By Country, 2019-2025 ($Million)
Figure 46 Asia Pacific: Spirulina Market Size, By Country, 2019-2025 (Ton)
Figure 47 Row: Spirulina Market Size, By Region, 2019-2025 ($Million)
Figure 48 Row: Spirulina Market Size, By Region, 2019-2025 (Ton)
Figure 49 Number of Children Under 5 Years Who Are Stunted, By Region, 2000 And 2018 (In Million)
Figure 50 Scope of Spirulina Market
Figure 51 Research Process
Figure 52 Key Executives Interviewed
Figure 53 Primary Research Techniques
Figure 54 Data Triangulation
Figure 55 Market Size Estimation

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The global spirulina market is expected to grow at a CAGR of 9.4% from 2019 to reach $629.6 million by 2025; whereas, in terms of volume, this market is expected to grow at a CAGR of 13.6% from 2019 to reach 68,025.2 tons by 2025.

This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in the field of spirulina, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.

The growth of the spirulina market is mainly attributed to growing health & wellness trends and dietary supplements industry, growing demand for natural food colors, increasing vegetarianism, and growing malnutrition. Moreover, factors such as stringent regulations regarding the inclusion of synthetic colors and flavors; increasing preference for spirulina sourced products, especially pigments and omega-3 fatty acids; growing use of spirulina in aquaculture diets; and increase in number of products that include spirulina as ingredients across the globe further support the growth of the global spirulina market.

Growing health & wellness trends and dietary supplements industry fuels the growth of the global spirulina market

Globally, the value and sales of vitamins, minerals, and nutritional and herbal supplements (VMHS) show consistent and constant growth. The aging population, increased consumer awareness for preventative healthcare, a rise of the self-directed consumers, channel proliferation, and shift from ingredient-focused messaging to broader brand positioning are the key factors driving the growth of the supplements industry, globally. Spirulina is one such ingredient of a healthy lifestyle that has emerged as a trend owing to its health benefits. Many people use spirulina in their self-care strategy for more energy, nutritional insurance, weight control, and cleansing. Apart from its use as a food supplement in ameliorating nutritional deficiencies, spirulina is gaining more attention from medical scientists as a nutraceutical. It was also successfully used by the National Aeronautics and Space Administration (NASA) as a dietary supplement for astronauts on space missions, owing to its ability to modulate immune functions and exhibits anti-inflammatory properties. Thus, due to highly diverse nutritive nature coupled with its antioxidant and protective health benefits, spirulina is gaining more attention from health enthusiasts across the globe, eventually driving the growth of the global spirulina market.

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Growing vegetarianism supports market growth

The vegetarian population wishes to consume products that contain ingredients or components derived from plant sources. Therefore, spirulina has started to capture some serious attention of these consumers. Along with an environmentally responsible option, spirulina can technically be consumed by a larger portion of the consumer population than traditional whey or casein-based protein powders. According to the Food and Drug Administration (FDA), spirulina contains significant amounts of calcium, niacin, potassium, magnesium, B vitamins, and iron. Moreover, high amounts of complete vegetable protein and the variety of B vitamins, calcium, and Iron make spirulina dietary supplements very popular among vegetarians and vegans. It also has essential amino acids (compounds that are the building blocks of proteins). For instance, research has shown that dried spirulina contains as much as 70% protein by weight, almost three times more protein than beef. Thus, with the growing vegetarianism trend, the demand for spirulina as a great source for protein is also expected to increase significantly in the upcoming years.

Key findings in the global spirulina market study:

Spirulina costs higher in developed countries than in developing countries

Spirulina is very sensitive to different frameworks and its price depends on the various factors such as quantity, drying process, form, packaging, certification, origin, quality/contamination, negotiation capacity, and specific spirulina (if enriched with selenium, it is more expensive). The prices have dropped in the last few years, as the production systems have become scalable; however, production costs are still high in developed countries compared to emerging countries due to unfavorable climatic conditions and the use of expensive production technologies. The average selling price of spirulina in North America is high mainly due to the high raw material cost, a necessity to maintain the climatic conditions to produce spirulina, well-developed infrastructure of manufacturing plants, and the presence of skilled workforce. On the other hand, the price of spirulina is low in Asian countries, primarily due to favorable climatic conditions, low production cost, and the presence of many local companies that offer low-cost products in the market.

Spirulina powder to Dominate Spirulina Market

Spirulina powder is estimated to command the largest share of the overall spirulina market in 2019. Moreover, this segment is also expected to witness rapid growth during the forecast period. The growing demand of spirulina powder in the global market is from nutraceutical and food manufacturers, where it is consumed as a dietary supplement and added in different food recipes such as salads, breakfast meals, dessert, and many other food products to attract health-conscious consumers. The powder is also mixed with drinks such as water, juices, and smoothies. Moreover, it is distributed globally through various supermarkets, departmental stores, retailers, and online channels of distribution.

Food & beverages application to grow at the fastest CAGR

The food industry is in increasing search for new sources of inexpensive food protein having nutritional and techno-functional characteristics similar to high-cost animal proteins. Spirulina is gaining worldwide acceptance as a food ingredient due to its availability and sustainability of production, extraordinary nutritional and bioactive properties, and suitable functional properties. Moreover, the United States Food and Drug Administration (FDA) has approved the use of spirulina extract as a natural blue coloring ingredient in food and beverage applications. The growth in demand for spirulina natural food color is fueled by increasing consumer awareness for natural food in comparison to synthetic food coupled with health-promoting properties of natural food colors. They are increasingly used in the confectionery products (including candy and chewing gum), frostings, ice cream and frozen desserts, dessert coatings and toppings, beverage mixes and powders, yogurts, custards, puddings, cottage cheese, gelatin, breadcrumbs, and ready-to-eat cereals.

Asia Pacific: The fastest-growing regional market

North America is estimated to command the largest share of the overall spirulina market in 2019. However, the spirulina market in the Asia Pacific, especially in China, India, and Japan is expected to witness high growth during the forecast period. The growth in this market is expected to be driven by the presence of many local and regional players in this region, growing dietary supplement industry, growing need to eradicate malnutrition, and favorable climatic conditions and low production cost. Moreover, various government initiatives to promote the use of spirulina and ongoing research on exploring the various application areas for spirulina further drive the growth of the spirulina market in the APAC region.

Key Players

The report includes a competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4-5 years. The key players profiled in the global spirulina market research report are Earthrise Nutritional, LLC (U.S.), DIC Corporation (Japan), Yunnan Green A Bio-engineering Co., Ltd (China), Algene Biotech (India), Tianjin Norland Biotech Co., Ltd. (China), Cyanotech Corporation (U.S.), E.I.D. Parry (I) Ltd. (India), Far East Biotech Co. Ltd., (China), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), and Australian Spirulina (Australia).

Scope of the Report:

Spirulina Market, by Distribution Channel

Consumer Channel
Business Channel

Spirulina Market, by Product Type

Powder
Tablets
Capsules
Flakes
Phycocyanin Extract

Spirulina Market, by Application

Nutraceuticals
Food & Beverages
Agriculture
Animal Feed
Cosmetics

Spirulina Market, by Geography

North America
- U.S.
- Canada
Europe
- France
- Germany
- U.K.
- Italy
- Spain
- The Netherlands
- Rest of Europe (RoE)
Asia-Pacific (APAC)
- China
- India
- Japan
- Australia
- Thailand
- Rest of APAC (RoAPAC)
Rest of the World

Key questions answered in the report:

Growing nutraceuticals and food & beverages industry drive the adoption of spirulina

How does the adoption of spirulina in nutraceuticals differ from the adoption in the food & beverage application?
What impact does this have on the adoption of spirulina in comparison to other application segments?
Which are the high growth market segments in terms of regions/ countries?

The North American spirulina market favors both larger and local manufacturers that compete in multiple segments

Who are the top competitors in this market and what strategies do they employ to gain shares?
What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
What strategies should new companies look to enter this market use to compete effectively?
What are the major drivers, restraints, opportunities, and trends in the global spirulina market?
Who are the major players in various countries and what share of the market do they hold?
What are the geographical trends and high growth regions/ countries?

Major and local emerging players in the spirulina market

Who are the major players in the global spirulina market and what share of the market do they hold?
Who are the local emerging players in the spirulina market and how do they compete with the global players?
Who are the key buyers for spirulina in different countries all over the globe?

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Spirulina Market by Distribution Channel (Consumer Channel, Business Channel), Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin Extract), and Application (Nutraceuticals, Food and Beverages, Agriculture, Animal Feed) - Global Forecast to 2025

We are in the phase of updating this report by analysing the impact of COVID-19 on this market. A free copy of the updated report will be shared within 10–15 days along with the purchase of this report.

Tags: Agriculture Food Processing Food Testing Food and Agriculture Technologies

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Spirulina Market - Global Opportunity Analysis and Industry Forecast (2019-2025)

Spirulina Market - Global Opportunity Analysis and Industry Forecast (2019-2025)

Spirulina Market by Distribution Channel (Consumer Channel, Business Channel), Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin Extract), and Application (Nutraceuticals, Food and Beverages, Agriculture, Animal Feed) - Global Forecast to 2025

We are in the phase of updating this report by analysing the impact of COVID-19 on this market. A free copy of the updated report will be shared within 10–15 days along with the purchase of this report.

Tags: Agriculture Food Processing Food Testing Food and Agriculture Technologies

CUSTOM RESEARCH

RELATED REPORTS

Subscribe to get the latest industry updates!