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Spirulina Market

Release date:

Jul-2021

Region:

global

Research Code:MRFB - 104371

Sku:MRFB - 104371

Spirulina Market by Distribution Channel (Consumer Channel, Business Channel), Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin Extract), Application (Nutraceuticals, Food and Beverages, Agriculture, Animal Feed) - Global Forecast to 2028

  • Report ID: MRFB - 104371
  • Pages: 238
  • Jul-2021
  • Formats*: PDF
  • Category: Food and Beverages
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

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 algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.

The Spirulina Market is expected to reach $968.6 million by 2028, at a CAGR of 13.2% during the forecast period 2021 to 2028. Also, in terms of volume, the spirulina market is expected to record a CAGR of 18.1% from 2021 to 2028 to reach 98,768.5 tons by 2028. 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 the number of products that include spirulina as ingredients across the globe further support the growth of the global spirulina market.

The Impact of COVID-19 on the Spirulina Market

The COVID-19 pandemic has adversely hit many economies around the world. Government measures to combat the COVID-19 pandemic, such as nationwide lockdowns and quarantines, negatively impacted many industries. Most manufacturers of food products in the F&B sector continue to feel the impact of COVID-19. Social distancing, self-isolation, and city-wide lockdowns have forced the closures of many establishments in countries across Asia, the U.S., Europe, and the rest of the world.

The manufacturers of consumer food & beverage products face challenges such as significantly reduced consumption and disrupted supply chains. The food & beverage sector has witnessed a minor decline due to the lockdowns imposed across various countries. This scenario has also negatively impacted the confectionery industry since people are buying only the most essential products. In addition, government bodies passed various rules and regulations on the purchase of essential goods. Most consumers are buying only essential products, which has significantly lowered the consumption of confectionery items. According to trade organizations in the nutritional products industry, there has been a significant impact on many points in the global supply chain for functional foods and dietary supplements, which has, in turn, lowered the consumption of spirulina biomass among end-users, impacting the growth of the spirulina market.

In the algae industry, a major slowdown in spirulina sales was witnessed in the first quarter of 2020 due to disruptions in logistics and transportation. The market also witnessed interruptions in the entire value chain from raw materials supply for culture media to production, packaging, and distribution of the final spirulina biomass.

The effects of the COVID-19 pandemic on this market were felt in China starting 2020, as the country is one of the world's largest producers and one of the leading consumers of spirulina globally. In China, factory closures, spirulina processing facilities operating at reduced capacities, and restrictions on importing and exporting spirulina biomass strongly impact the spirulina market. Moreover, the pandemic is also expected to adversely affect the spirulina market in many countries globally, including the U.S., India, Australia, Brazil, and the EU-5 countries. Due to the countrywide lockdown in India, many commercial spirulina production and processing facilities have shut down or are operating at reduced capacities, leading to substantial losses in domestic spirulina production.

However, good nutrition intake is the top priority of everyone to maintain an optimal immune system during the COVID-19 outbreak supporting the strong demand for plant and algae protein food products & beverages through e-commerce platforms as a protein source. In addition, some of the algal protein products are believed to support the human immune system. For instance, spirulina has an immune-boosting and anti-viral property.

According to various researches, spirulina inhibits influenza virus replication and reduces virus-induced mortality. For instance, according to the finding by immunologists at the University of California Davis School of Medicine, the addition of spirulina to cultured immune system cells “significantly increases the production of infection-fighting cytokines. Besides, other researchers at UC at Davis studying the effects of spirulina on both anemia and immune function found that spirulina, with its rich content of flavonoids and sulfalipids, modulates the production of cytokines and stimulates the intestinal immune system to enhance the responsiveness to vaccines and improve allergic rhinitis.

Thus, demand for spirulina increased during the COVID-19 pandemic as the focus on the nutrition content rose. Despite the increase in demand, there were hindrances in the supply chain due to the lockdown imposed by governments in many countries. This supply chain is expected to get back on track during the post-lockdown.

Spirulina Market

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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 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.

Spirulina is one such ingredient of a healthy lifestyle that has emerged as a trend owing to its health benefits. Many people use spirulina as a self-care strategy for 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 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 exhibit anti-inflammatory properties. Thus, due to its 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.

Growing vegetarianism supports market growth

Vegetarians 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 USFDA, spirulina contains significant calcium, niacin, potassium, magnesium, B vitamins, and iron. Moreover, the high amount of complete vegetable protein and various B vitamins, calcium, and iron make spirulina dietary supplements prevalent 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 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 of protein is also expected to increase significantly in the upcoming years.

Key Findings in the Global Spirulina Market Study:

In 2021, the spirulina powder segment to dominate the spirulina market.

Based on the product type, the spirulina market is mainly segmented into powder, tablets, capsules, flakes, phycocyanin extract, and frozen spirulina. The spirulina powder segment is estimated to remain the largest product type through 2028 in the spirulina market. Moreover, this segment is also expected to witness rapid growth during the forecast period. The growing demand for 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, desserts, and many other food products. Spirulina 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.

The food & beverage segment to grow at the highest CAGR during the forecast period.

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 USFDA approved 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 compared to synthetic food coupled with health-promoting properties of natural food colors. They are increasingly used in 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 2021. However, the spirulina market in 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 local and regional players, 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 Asia-Pacific region.

Key Players

The report includes a competitive landscape based on an 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

  • Business Channel
  • Consumer Channel

 Spirulina Market, by Product Type

  • Powder
  • Tablets
  • Capsules
  • Flakes
  • Phycocyanin Extract
  • Frozen Spirulina

Spirulina Market, by Application

  • Nutraceuticals
  • Food & Beverages
  • Animal Feed
  • Cosmetics
  • Agriculture

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
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America (RoLATAM)
    • Middle East and Africa

Key Questions Answered in the Report-

What is spirulina?

Spirulina is a type of blue-green algae that contains several nutrients, including B vitamins, beta-carotene, and vitamin E. Spirulina also contains antioxidants, minerals, chlorophyll, and phycocyanobilin and is commonly used as a source of vegan protein. Spirulina is being developed as the “food of the future” because of its remarkable ability to synthesize high-quality concentrated food more efficiently. Spirulina contains 65 to 71% complete protein, with all essential amino acids in perfect balance. It appears to have considerable potential for development, especially as a small-scale crop for nutritional enhancement, livelihood development, and environmental qualification.

What is the market size and CAGR for 2021–2028?

In terms of value, the Spirulina market is projected to reach $968.6 million by 2028, at a CAGR of 13.2% during the forecast period, whereas, in terms of volume, the spirulina market is projected to reach 98,768.5 tons by 2028, at a CAGR of 18.1% during the forecast period.

Which is the high-growth application segment of the spirulina market?

Based on the application, the food and beverage segment is expected to witness the fastest growth during the forecast period.

What are the major drivers for this market?

o Growing health & wellness trends and dietary supplements industry o Growing demand for natural food colors o Growing vegetarianism o Positive Impact on Environment o Strict regulations regarding the inclusion of synthetic colors and flavors o Growing malnutrition o Increasing preference for spirulina sourced products, especially omega-3 fatty acids o The growing use of spirulina in aquaculture o Increase in the number of products that include spirulina as an ingredient o Growing investments from leading color houses

What is the major restraint for the global spirulina market?

o Low awareness of benefits of spirulina, o Complex production of algae products o The risk of contamination

Who are the major players operating in the global spirulina market?

Some of the key players operating in the spirulina market 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), among others.

Which are the high-growth countries/regions in the market?

The Asia-Pacific region is expected to witness significant growth during the forecast period, mainly due to the presence of many local and regional players in this region, growing need to eradicate malnutrition, various government initiatives to promote the use of spirulina, and ongoing research on exploring the various application areas for spirulina. Also, the growing demand for spirulina by the nutraceuticals industry is the major driver for the growth of the spirulina market in the Asia-Pacific region.

1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency

2.    Research Methodology
       2.1.    Research Process
       2.2.    Data Collection & Validation
                 2.2.1.    Secondary Research
                 2.2.2.    Primary Research
       2.3.    Market Assessment
                 2.3.1.    Market Size Estimation
                             2.3.1.1.    Bottom-Up Approach
                             2.3.1.2.    Top-Down Approach
                             2.3.1.3.    Growth Forecast
       2.4.    Assumptions for the Study
       2.5.    Limitations for the Study

3.Executive Summary
       3.1.    Introduction
       3.2.    Segment Analysis
                 3.2.1.    Distribution Channel Segment Analysis
                 3.2.2.    Product Type Segment Analysis
                 3.2.3.    Application Segment Analysis
                 3.2.4.    Regional Analysis
                 3.2.5.    Key Players

4.    Industry Trends
       4.1.    Introduction
       4.2.    Spirulina Formulation
                4.2.1. Recommended Daily Dose of Spirulina
       4.3.    Common Formulations of Spirulina
       4.4.    Value Chain Analysis
                4.4.1.    List of Key Producers, by Size
                             4.4.1.1.    Microfarmers (<2 Ton/Year)
                             4.4.1.2.    Small Farmers (2-20 Ton/Year)
                             4.4.1.3.    Large Farmers (20-200 Ton/Year)
                             4.4.1.4.    Very Large Farmers (More than 200 Ton/Year)
                4.4.2.    Handling and Packaging Companies
                4.4.3.    List of Some of the Key Buyers
                4.4.4.    Pricing Analysis
                             4.4.4.1.    Producer to Manufacturer
                             4.4.4.2.    Manufacturer to Distributor/Wholesaler
                             4.4.4.3.    Distributor/Wholesaler to Retailer
                             4.4.4.4.    Retailer to Consumer

5.    Market Insights
       5.1.    Introduction
       5.2.    Drivers
                 5.2.1.    Growing Health & Wellness Trends and Dietary Supplements Industry
                 5.2.2.    Growing Demand for Natural Food Colours
                 5.2.3.    Growing Vegetarianism
                 5.2.4.    Positive Impact on Environment With Spirulina Cultivation
                 5.2.5.    Strict Regulations Regarding the Inclusion of Synthetic Colors and Flavors
                 5.2.6.    Growing Preference for Spirulina-Sourced Products
                 5.2.7.    Growing Use of Spirulina in Aquaculture
                 5.2.8.    Growing Investments from Natural-Color Manufacturers
       5.3.    Restraints
                 5.3.1.    Low Awareness of Benefits of Spirulina
                 5.3.2.    Complex Production of Algae Products
                 5.3.3.    Risk of Contamination
       5.4.    Opportunities
                 5.4.1.    Emergence of New Application Areas
                 5.4.2.    Growing Demand for Phycocyanin
                 5.4.3.    Growing Demand for Spirulina from Bio Refineries
                 5.4.4.    Increasing Demand for Fresh/Frozen Spirulina
       5.5.    Trends
                 5.5.1.    Adoption of New Production Technologies (Photobioreactors)
       5.6.    Standards and Regulations
                 5.6.1.    Spirulina estimated Daily Intake
                 5.6.2.    North America
                 5.6.3.    Europe
       5.7.    Force Field Analysis

6.    The Impact of Covid-19 on the Spirulina Market

7.    Global Spirulina Market, by Distribution Channel
       7.1.    Introduction
       7.2.    Business Channel
       7.3.    Consumer Channel

8.    Global Spirulina Market, by Product Type
       8.1.    Introduction
       8.2.    Powder
       8.3.    Tablets
       8.4.    Capsules
       8.5.    Flakes
       8.6.    Phycocyanin Extracts
       8.7.    Frozen Spirulina

9.    Global Spirulina Market, by Application
       9.1.    Introduction
       9.2.    Nutraceuticals
       9.3.    Food and Beverage
       9.4.    Animal Feed
       9.5.    Cosmetics
       9.6.    Agriculture

10.    Global Spirulina Market, by Geography
         10.1.    Introduction
         10.2.    North America
                    10.2.1.    Market Size and Growth Rate
                    10.2.2.    Market Trends
                    10.2.3.    Key Drivers and Restraints
                    10.2.4.    Market Opportunity
                    10.2.5.    List of Buyers
                    10.2.6.    Success Factors
                    10.2.7.    Key Players
                    10.2.8.    U.S.
                                  10.2.8.1.    Growing Demand for Natural Colors
                                  10.2.8.2.    Key Players
                    10.2.9.    Canada
                                  10.2.9.1.    Key Players
         10.3.    Europe
                    10.3.1.    Market Size and Growth Rate
                    10.3.2.    Market Trends
                    10.3.3.    Major Growth Drivers
                    10.3.4.    Market Opportunity
                    10.3.5.    List of Buyers
                    10.3.6.    Success Factors
                    10.3.7.    Spirulina Producers
                    10.3.8.    France
                    10.3.9.    Germany
                    10.3.10.    U.K.
                    10.3.11.    Italy
                    10.3.12.    Spain
                    10.3.13.    Netherlands
                    10.3.14.    Rest of Europe (RoE)
         10.4.    Asia-Pacific
                    10.4.1.    Market Size and Growth Rate
                    10.4.2.    Major Growth Drivers
                    10.4.3.    Market Opportunity
                    10.4.4.    List of Buyers
                    10.4.5.    Success Factors
                    10.4.6.    Key Players
                    10.4.7.    China
                    10.4.8.    India
                    10.4.9.    Japan
                    10.4.10.    Australia
                    10.4.11.    Thailand
                    10.4.12.    Rest of Asia-Pacific (RoAPAC)
         10.5.    Latin America
                    10.5.1.    Brazil
                    10.5.2.    Mexico
                    10.5.3.    Rest of Latin America (RoLATAM)
         10.6.    Middle East & Africa
                    10.6.1.    Growing Need to Eradicate Malnutrition
                    10.6.2.    Iranian Scientists Produce Sweets for Diabetics from Spirulina

11.    Company Profiles
         11.1.    Microfarmers
                    11.1.1.    Lenoir Azur Spiruline
                    11.1.2.    Clos Sainte Aurore
                    11.1.3.    Spirulina Viva
                    11.1.4.    Spiform
                    11.1.5.    Spirulina La Capitelle
                    11.1.6.    Dunga Spirulina
         11.2.    Small Farmers
                    11.2.1.    Bertolini Mario
                    11.2.2.    Aurospirul
         11.3.    Large Farmers
                    11.3.1.    Far East Microalgae Industries Co., Ltd (FEMICO)
                    11.3.2.    June Pharmaceuticals Limited
         11.4.    Very Large Farmers
                    11.4.1.    Fuqing King Dnarmsa Spirulina Co.Ltd.
                    11.4.2.    Earthrise Nutritionals, LLC (Part of DIC Corporation)
                    11.4.3.    E.I.D. - Parry (India) Limited
                    11.4.4.    Cyanotech Corporation
                    11.4.5.    Dongtai City Spirulina Bio-Engineering Co. Ltd.
                    11.4.6.    Yunnan Green A Biological Project Co., Ltd.
                    11.4.7.    Zhejiang Comp Spirulina Co., Ltd.
                    11.4.8.    Ordos Xinyuli Spirulina Industry Group Co., Ltd.
                    11.4.9.    Qingdao Haizhijiao Biotechnology Co., Ltd.
                    11.4.10.    Inner Mongolia Rejuve Biotech Co., Ltd.
                    11.4.11.    Hainan Dic Aisheng Microalgae Co., Ltd.
                    11.4.12.    Zhejiang Binmei Biotechnology Co., Ltd.
                    11.4.13.    Bluetec Naturals Co., Ltd.

12. Appendix
      12.1.    Questionnaire
      12.2.    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, 2019-2028 ($/Kg)
Table 8        Average Prices of Spirulina: Manufacturer to Distributor/Wholesaler, by Country/Region, 2019-2028 ($/Kg)
Table 9        Average Prices of Spirulina: Distributor/Wholesaler to Retailer, by Country/Region, 2019-2028 ($/Kg)
Table 10    Average Prices of Spirulina: Retailer to Consumer, by Country/Region, 2019-2028 ($/Kg)
Table 11    Global Spirulina Market: Impact Analysis of Market Drivers (2021–2028), 
Table 12    Total Global Spirulina Market: Impact Analysis of Market Restraints, (2021–2028)
Table 13    Comparative Features of Microalgae Cultivation Approaches
Table 14    Characteristics of Four Promising PBRs
Table 15    Production Cost and Specific Energy Consumption for Spirulina Cultivation in Open Ponds and PBR for Different Productivities
Table 16    Global Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Million)
Table 17    Global Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 18    Spirulina Market Size for Business Channel, by Country/Region, 2019–2028, (USD Thousands)
Table 19    Spirulina Market Size for Business Channel, by Country/Region, 2019–2028 (Ton)
Table 20    Spirulina Market Size for Consumer Channel, by Country/Region, 2019–2028, (USD Thousands)
Table 21    Spirulina Market Size for Consumer Channel, by Country/Region, 2019–2028 (Ton)
Table 22    Global Spirulina Market Size, by Product Type, 2019–2028 (USD Million)
Table 23    Global Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 24    Spirulina Powder Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 25    Spirulina Powder Market Size, by Country/Region, 2019–2028 (Ton)
Table 26    Spirulina Tablets Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 27    Spirulina Tablets Market Size, by Country/Region, 2019–2028 (Ton)
Table 28    Spirulina Capsules Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 29    Spirulina Capsules Market Size, by Country/Region, 2019–2028 (Ton)
Table 30    Spirulina Flakes Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 31    Spirulina Flakes Market Size, by Country/Region, 2019–2028 (Ton)
Table 32    Phycocyanin Extracts Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 33    Phycocyanin Extracts Market Size, by Country/Region, 2019–2028 (Ton)
Table 34    Frozen Spirulina Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 35    Frozen Spirulina Market Size, by Country/Region, 2019–2028 (Ton)
Table 36    Global Spirulina Market Size, by Application, 2019–2028 (USD Million)
Table 37    Global Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 38    Nutritional Profile of Spirulina Powder from Various Companies
Table 39    Spirulina Market Size for Nutraceuticals, by Country/Region, 2019–2028, (USD Thousands)
Table 40    Spirulina Market Size for Nutraceuticals, by Country/Region, 2019–2028 (Ton)
Table 41    Comparison of Protein Content of Other Foods With Spirulina
Table 42    Spirulina Market Size for Food and Beverage, by Country/Region, 2019–2028, (USD Thousands)
Table 43    Spirulina Market Size for Food and Beverage, by Country/Region, 2019–2028 (Ton)
Table 44    Spirulina Market Size for Animal Feed, by Country/Region, 2019–2028, (USD Thousands)
Table 45    Spirulina Market Size for Animal Feed, by Country/Region, 2019–2028 (Ton)
Table 46    Spirulina Market Size for Cosmetics, by Country/Region, 2019–2028, (USD Thousands)
Table 47    Spirulina Market Size for Cosmetics, by Country/Region, 2019–2028 (Ton)
Table 48    Spirulina Market Size for Agriculture, by Country/Region, 2019–2028, (USD Thousands)
Table 49    Spirulina Market Size for Agriculture, by Country/Region, 2019–2028 (Ton)
Table 50    Spirulina Market Size, by Region, 2019–2028 (USD Million)
Table 51    Spirulina Market Size, by Region, 2019–2028 (Ton)
Table 52    Some of the Key Buyers of Spirulina in North America
Table 53    North America: Spirulina Market Size, by Country, 2019–2028 (USD Thousand)
Table 54    North America: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 55    North America: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Million)
Table 56    North America: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 57    North America: Spirulina Market Size, by Product Type, 2019–2028 (USD Million)
Table 58    North America: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 59    North America: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 60    North America: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 61    U.S.: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 62    U.S.: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 63    U.S.: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 64    U.S.: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 65    U.S.: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 66    U.S.: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 67    Canada: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 68    Canada: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 69    Canada: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 70    Canada: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 71    Canada: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 72    Canada: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 73    Key Buyers of Spirulina in Europe
Table 74    Some of the Spirulina Producers in Europe
Table 75    Europe: Spirulina Market Size, by Country, 2019–2028 (USD Million)
Table 76    Europe: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 77    Europe: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 78    Europe: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 79    Europe: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 80    Europe: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 81    Europe: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 82    Europe: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 83    Some of the Spirulina Producers in France
Table 84    France: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 85    France: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 86    France: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 87    France: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 88    France: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 89    France: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 90    Overview of German Stakeholders Active in the Broader Algae Area
Table 91    Germany: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 92    Germany: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 93    Germany: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 94    Germany: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 95    Germany: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 96    Germany: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 97    U.K.: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 98    U.K: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 99    U.K: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 100    U.K: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 101    U.K: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 102    U.K: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 103    Some of the Spirulina Producers in Italy
Table 104    Italy: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 105    Italy: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 106    Italy: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 107    Italy: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 108    Italy: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 109    Italy: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 110    Some of the Spirulina Producers in Spain
Table 111    Spain: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 112    Spain: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 113    Spain: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 114    Spain: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 115    Spain: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 116    Spain: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 117    Netherlands: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 118    Netherlands: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 119    Netherlands: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 120    Netherlands: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 121    Netherlands: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 122    Netherlands: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 123    Rest of Europe: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 124    Rest of Europe: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 125    Rest of Europe: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 126    Rest of Europe: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 127    Rest of Europe: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 128    Rest of Europe: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 129    Some of the Key Buyers of Spirulina in Asia-Pacific
Table 130    Asia-Pacific: Spirulina Market Size, by Country, 2019–2028 (USD Million)
Table 131    Asia-Pacific: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 132    Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 133    Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 134    Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 135    Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 136    Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 137    Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 138    China: Spirulina Producers
Table 139    China: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 140    China: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 141    China: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 142    China: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 143    China: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 144    China: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 145    India: Spirulina Producers
Table 146    India: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 147    India: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 148    India: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 149    India: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 150    India: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 151    India: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 152    Japan: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 153    Japan: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 154    Japan: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 155    Japan: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 156    Japan: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 157    Japan: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 158    Australia: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 159    Australia: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 160    Australia: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 161    Australia: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 162    Australia: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 163    Australia: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 164    Thailand: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 165    Thailand: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 166    Thailand: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 167    Thailand: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 168    Thailand: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 169    Thailand: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 170    Rest of Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 171    Rest of Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 172    Rest of Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 173    Rest of Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 174    Rest of Asia-Pacific: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 175    Rest of Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 176    Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 177    Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 178    Latin America: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 179    Latin America: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 180    Latin America: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 181    Latin America: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 182    Brazil: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 183    Brazil: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 184    Brazil: Spirulina Market Size, by Product Type, 2019-2028 (USD Thousand)
Table 185    Brazil: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 186    Brazil: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 187    Brazil: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 188    Mexico: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 189    Mexico: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 190    Mexico: Spirulina Market Size, by Product Type, 2019-2028 (USD Thousand)
Table 191    Mexico: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 192    Mexico: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 193    Mexico: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 194    Rest of Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (USD Thousand)
Table 195    Rest of Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 196    Rest of Latin America: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 197    Rest of Latin America: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 198    Rest of Latin America: Spirulina Market Size, by Application, 2019-2028, (USD Thousand)
Table 199    Rest of Latin America: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 200    Middle East & Africa: Spirulina Market Size, by Distribution Channel, 2019-2028 (USD Thousand)
Table 201    Middle East & Africa: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 202    Middle East & Africa: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 203    Middle East & Africa: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 204    Middle East & Africa: Spirulina Market Size, by Application, 2019-2028, (USD Thousand)
Table 205    Middle East & Africa: Spirulina Market Size, by Application, 2019-2028 (Ton)

List of Figures

Figure 1    Key Stakeholders
Figure 2    Research Process
Figure 3    Key Secondary Sources
Figure 4    Primary Research Techniques
Figure 5    Key Executives Interviewed
Figure 6    Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7    Market Size Estimation
Figure 8    Business Channel to Dominate the Spirulina Market by 2028
Figure 9    Phycocyanin Extract Segment to Register the Highest Cagr During the Forecast Period
Figure 10    the Nutraceuticals Segment to Dominate the Spirulina Market by 2028
Figure 11    North America Dominates the Overall Spirulina Market, While Europe Leads in Growth
Figure 12    Benefits of Consuming 5-10 Grams of Spirulina Every Day
Figure 13    Most Common Formulations of Spirulina
Figure 14    Value-Chain for Spirulina
Figure 15    Market Dynamics
Figure 16    Nutrient Profile of Spirulina Vs. Other Foods
Figure 17    Top Ten Countries with the Highest Rate of Vegetarianism, 2020 (%)
Figure 18    Force Field Analysis of Spirulina Market
Figure 19    Global Spirulina Market Size, by Distribution Channel, 2021–2028 (USD Million)
Figure 20    Business Channel of Spirulina
Figure 21    Consumer Channel of Spirulina
Figure 22    Global Spirulina Market Size, by Product Type, 2021-2028 (USD Million)
Figure 23    Global Spirulina Market Size, by Application, 2021–2028 (USD Million)
Figure 24    Examples of Spirulina Products in the Nutraceuticals Market
Figure 25    Examples of Spirulina-Based Food & Beverages Products
Figure 26    Examples of Spirulina-Based Animal Feed Products
Figure 27    Examples of Spirulina-Based Cosmetic Products
Figure 28    Possible Effect of Spirulina Extract in Agriculture
Figure 29    Spirulina-Based Agriculture Products

Figure 30    Spirulina Market Size, by Region, 2021–2028 (USD Million)
Figure 31    Number of Children Under 5 Years Who Are Stunted, by Region, 2000 and 2018 
(in Million)
Figure 32    E.I.D. - Parry (India) Limited: Financial Overview (2020)
Figure 33    Cyanotech Corporation: Financial Overview (2020)
 

 
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Related Research

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 algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.

The Spirulina Market is expected to reach $968.6 million by 2028, at a CAGR of 13.2% during the forecast period 2021 to 2028. Also, in terms of volume, the spirulina market is expected to record a CAGR of 18.1% from 2021 to 2028 to reach 98,768.5 tons by 2028. 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 the number of products that include spirulina as ingredients across the globe further support the growth of the global spirulina market.

The Impact of COVID-19 on the Spirulina Market

The COVID-19 pandemic has adversely hit many economies around the world. Government measures to combat the COVID-19 pandemic, such as nationwide lockdowns and quarantines, negatively impacted many industries. Most manufacturers of food products in the F&B sector continue to feel the impact of COVID-19. Social distancing, self-isolation, and city-wide lockdowns have forced the closures of many establishments in countries across Asia, the U.S., Europe, and the rest of the world.

The manufacturers of consumer food & beverage products face challenges such as significantly reduced consumption and disrupted supply chains. The food & beverage sector has witnessed a minor decline due to the lockdowns imposed across various countries. This scenario has also negatively impacted the confectionery industry since people are buying only the most essential products. In addition, government bodies passed various rules and regulations on the purchase of essential goods. Most consumers are buying only essential products, which has significantly lowered the consumption of confectionery items. According to trade organizations in the nutritional products industry, there has been a significant impact on many points in the global supply chain for functional foods and dietary supplements, which has, in turn, lowered the consumption of spirulina biomass among end-users, impacting the growth of the spirulina market.

In the algae industry, a major slowdown in spirulina sales was witnessed in the first quarter of 2020 due to disruptions in logistics and transportation. The market also witnessed interruptions in the entire value chain from raw materials supply for culture media to production, packaging, and distribution of the final spirulina biomass.

The effects of the COVID-19 pandemic on this market were felt in China starting 2020, as the country is one of the world's largest producers and one of the leading consumers of spirulina globally. In China, factory closures, spirulina processing facilities operating at reduced capacities, and restrictions on importing and exporting spirulina biomass strongly impact the spirulina market. Moreover, the pandemic is also expected to adversely affect the spirulina market in many countries globally, including the U.S., India, Australia, Brazil, and the EU-5 countries. Due to the countrywide lockdown in India, many commercial spirulina production and processing facilities have shut down or are operating at reduced capacities, leading to substantial losses in domestic spirulina production.

However, good nutrition intake is the top priority of everyone to maintain an optimal immune system during the COVID-19 outbreak supporting the strong demand for plant and algae protein food products & beverages through e-commerce platforms as a protein source. In addition, some of the algal protein products are believed to support the human immune system. For instance, spirulina has an immune-boosting and anti-viral property.

According to various researches, spirulina inhibits influenza virus replication and reduces virus-induced mortality. For instance, according to the finding by immunologists at the University of California Davis School of Medicine, the addition of spirulina to cultured immune system cells “significantly increases the production of infection-fighting cytokines. Besides, other researchers at UC at Davis studying the effects of spirulina on both anemia and immune function found that spirulina, with its rich content of flavonoids and sulfalipids, modulates the production of cytokines and stimulates the intestinal immune system to enhance the responsiveness to vaccines and improve allergic rhinitis.

Thus, demand for spirulina increased during the COVID-19 pandemic as the focus on the nutrition content rose. Despite the increase in demand, there were hindrances in the supply chain due to the lockdown imposed by governments in many countries. This supply chain is expected to get back on track during the post-lockdown.

Spirulina Market

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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 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.

Spirulina is one such ingredient of a healthy lifestyle that has emerged as a trend owing to its health benefits. Many people use spirulina as a self-care strategy for 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 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 exhibit anti-inflammatory properties. Thus, due to its 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.

Growing vegetarianism supports market growth

Vegetarians 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 USFDA, spirulina contains significant calcium, niacin, potassium, magnesium, B vitamins, and iron. Moreover, the high amount of complete vegetable protein and various B vitamins, calcium, and iron make spirulina dietary supplements prevalent 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 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 of protein is also expected to increase significantly in the upcoming years.

Key Findings in the Global Spirulina Market Study:

In 2021, the spirulina powder segment to dominate the spirulina market.

Based on the product type, the spirulina market is mainly segmented into powder, tablets, capsules, flakes, phycocyanin extract, and frozen spirulina. The spirulina powder segment is estimated to remain the largest product type through 2028 in the spirulina market. Moreover, this segment is also expected to witness rapid growth during the forecast period. The growing demand for 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, desserts, and many other food products. Spirulina 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.

The food & beverage segment to grow at the highest CAGR during the forecast period.

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 USFDA approved 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 compared to synthetic food coupled with health-promoting properties of natural food colors. They are increasingly used in 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 2021. However, the spirulina market in 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 local and regional players, 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 Asia-Pacific region.

Key Players

The report includes a competitive landscape based on an 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

  • Business Channel
  • Consumer Channel

 Spirulina Market, by Product Type

  • Powder
  • Tablets
  • Capsules
  • Flakes
  • Phycocyanin Extract
  • Frozen Spirulina

Spirulina Market, by Application

  • Nutraceuticals
  • Food & Beverages
  • Animal Feed
  • Cosmetics
  • Agriculture

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
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America (RoLATAM)
    • Middle East and Africa

Key Questions Answered in the Report-

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1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency

2.    Research Methodology
       2.1.    Research Process
       2.2.    Data Collection & Validation
                 2.2.1.    Secondary Research
                 2.2.2.    Primary Research
       2.3.    Market Assessment
                 2.3.1.    Market Size Estimation
                             2.3.1.1.    Bottom-Up Approach
                             2.3.1.2.    Top-Down Approach
                             2.3.1.3.    Growth Forecast
       2.4.    Assumptions for the Study
       2.5.    Limitations for the Study

3.Executive Summary
       3.1.    Introduction
       3.2.    Segment Analysis
                 3.2.1.    Distribution Channel Segment Analysis
                 3.2.2.    Product Type Segment Analysis
                 3.2.3.    Application Segment Analysis
                 3.2.4.    Regional Analysis
                 3.2.5.    Key Players

4.    Industry Trends
       4.1.    Introduction
       4.2.    Spirulina Formulation
                4.2.1. Recommended Daily Dose of Spirulina
       4.3.    Common Formulations of Spirulina
       4.4.    Value Chain Analysis
                4.4.1.    List of Key Producers, by Size
                             4.4.1.1.    Microfarmers (<2 Ton/Year)
                             4.4.1.2.    Small Farmers (2-20 Ton/Year)
                             4.4.1.3.    Large Farmers (20-200 Ton/Year)
                             4.4.1.4.    Very Large Farmers (More than 200 Ton/Year)
                4.4.2.    Handling and Packaging Companies
                4.4.3.    List of Some of the Key Buyers
                4.4.4.    Pricing Analysis
                             4.4.4.1.    Producer to Manufacturer
                             4.4.4.2.    Manufacturer to Distributor/Wholesaler
                             4.4.4.3.    Distributor/Wholesaler to Retailer
                             4.4.4.4.    Retailer to Consumer

5.    Market Insights
       5.1.    Introduction
       5.2.    Drivers
                 5.2.1.    Growing Health & Wellness Trends and Dietary Supplements Industry
                 5.2.2.    Growing Demand for Natural Food Colours
                 5.2.3.    Growing Vegetarianism
                 5.2.4.    Positive Impact on Environment With Spirulina Cultivation
                 5.2.5.    Strict Regulations Regarding the Inclusion of Synthetic Colors and Flavors
                 5.2.6.    Growing Preference for Spirulina-Sourced Products
                 5.2.7.    Growing Use of Spirulina in Aquaculture
                 5.2.8.    Growing Investments from Natural-Color Manufacturers
       5.3.    Restraints
                 5.3.1.    Low Awareness of Benefits of Spirulina
                 5.3.2.    Complex Production of Algae Products
                 5.3.3.    Risk of Contamination
       5.4.    Opportunities
                 5.4.1.    Emergence of New Application Areas
                 5.4.2.    Growing Demand for Phycocyanin
                 5.4.3.    Growing Demand for Spirulina from Bio Refineries
                 5.4.4.    Increasing Demand for Fresh/Frozen Spirulina
       5.5.    Trends
                 5.5.1.    Adoption of New Production Technologies (Photobioreactors)
       5.6.    Standards and Regulations
                 5.6.1.    Spirulina estimated Daily Intake
                 5.6.2.    North America
                 5.6.3.    Europe
       5.7.    Force Field Analysis

6.    The Impact of Covid-19 on the Spirulina Market

7.    Global Spirulina Market, by Distribution Channel
       7.1.    Introduction
       7.2.    Business Channel
       7.3.    Consumer Channel

8.    Global Spirulina Market, by Product Type
       8.1.    Introduction
       8.2.    Powder
       8.3.    Tablets
       8.4.    Capsules
       8.5.    Flakes
       8.6.    Phycocyanin Extracts
       8.7.    Frozen Spirulina

9.    Global Spirulina Market, by Application
       9.1.    Introduction
       9.2.    Nutraceuticals
       9.3.    Food and Beverage
       9.4.    Animal Feed
       9.5.    Cosmetics
       9.6.    Agriculture

10.    Global Spirulina Market, by Geography
         10.1.    Introduction
         10.2.    North America
                    10.2.1.    Market Size and Growth Rate
                    10.2.2.    Market Trends
                    10.2.3.    Key Drivers and Restraints
                    10.2.4.    Market Opportunity
                    10.2.5.    List of Buyers
                    10.2.6.    Success Factors
                    10.2.7.    Key Players
                    10.2.8.    U.S.
                                  10.2.8.1.    Growing Demand for Natural Colors
                                  10.2.8.2.    Key Players
                    10.2.9.    Canada
                                  10.2.9.1.    Key Players
         10.3.    Europe
                    10.3.1.    Market Size and Growth Rate
                    10.3.2.    Market Trends
                    10.3.3.    Major Growth Drivers
                    10.3.4.    Market Opportunity
                    10.3.5.    List of Buyers
                    10.3.6.    Success Factors
                    10.3.7.    Spirulina Producers
                    10.3.8.    France
                    10.3.9.    Germany
                    10.3.10.    U.K.
                    10.3.11.    Italy
                    10.3.12.    Spain
                    10.3.13.    Netherlands
                    10.3.14.    Rest of Europe (RoE)
         10.4.    Asia-Pacific
                    10.4.1.    Market Size and Growth Rate
                    10.4.2.    Major Growth Drivers
                    10.4.3.    Market Opportunity
                    10.4.4.    List of Buyers
                    10.4.5.    Success Factors
                    10.4.6.    Key Players
                    10.4.7.    China
                    10.4.8.    India
                    10.4.9.    Japan
                    10.4.10.    Australia
                    10.4.11.    Thailand
                    10.4.12.    Rest of Asia-Pacific (RoAPAC)
         10.5.    Latin America
                    10.5.1.    Brazil
                    10.5.2.    Mexico
                    10.5.3.    Rest of Latin America (RoLATAM)
         10.6.    Middle East & Africa
                    10.6.1.    Growing Need to Eradicate Malnutrition
                    10.6.2.    Iranian Scientists Produce Sweets for Diabetics from Spirulina

11.    Company Profiles
         11.1.    Microfarmers
                    11.1.1.    Lenoir Azur Spiruline
                    11.1.2.    Clos Sainte Aurore
                    11.1.3.    Spirulina Viva
                    11.1.4.    Spiform
                    11.1.5.    Spirulina La Capitelle
                    11.1.6.    Dunga Spirulina
         11.2.    Small Farmers
                    11.2.1.    Bertolini Mario
                    11.2.2.    Aurospirul
         11.3.    Large Farmers
                    11.3.1.    Far East Microalgae Industries Co., Ltd (FEMICO)
                    11.3.2.    June Pharmaceuticals Limited
         11.4.    Very Large Farmers
                    11.4.1.    Fuqing King Dnarmsa Spirulina Co.Ltd.
                    11.4.2.    Earthrise Nutritionals, LLC (Part of DIC Corporation)
                    11.4.3.    E.I.D. - Parry (India) Limited
                    11.4.4.    Cyanotech Corporation
                    11.4.5.    Dongtai City Spirulina Bio-Engineering Co. Ltd.
                    11.4.6.    Yunnan Green A Biological Project Co., Ltd.
                    11.4.7.    Zhejiang Comp Spirulina Co., Ltd.
                    11.4.8.    Ordos Xinyuli Spirulina Industry Group Co., Ltd.
                    11.4.9.    Qingdao Haizhijiao Biotechnology Co., Ltd.
                    11.4.10.    Inner Mongolia Rejuve Biotech Co., Ltd.
                    11.4.11.    Hainan Dic Aisheng Microalgae Co., Ltd.
                    11.4.12.    Zhejiang Binmei Biotechnology Co., Ltd.
                    11.4.13.    Bluetec Naturals Co., Ltd.

12. Appendix
      12.1.    Questionnaire
      12.2.    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, 2019-2028 ($/Kg)
Table 8        Average Prices of Spirulina: Manufacturer to Distributor/Wholesaler, by Country/Region, 2019-2028 ($/Kg)
Table 9        Average Prices of Spirulina: Distributor/Wholesaler to Retailer, by Country/Region, 2019-2028 ($/Kg)
Table 10    Average Prices of Spirulina: Retailer to Consumer, by Country/Region, 2019-2028 ($/Kg)
Table 11    Global Spirulina Market: Impact Analysis of Market Drivers (2021–2028), 
Table 12    Total Global Spirulina Market: Impact Analysis of Market Restraints, (2021–2028)
Table 13    Comparative Features of Microalgae Cultivation Approaches
Table 14    Characteristics of Four Promising PBRs
Table 15    Production Cost and Specific Energy Consumption for Spirulina Cultivation in Open Ponds and PBR for Different Productivities
Table 16    Global Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Million)
Table 17    Global Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 18    Spirulina Market Size for Business Channel, by Country/Region, 2019–2028, (USD Thousands)
Table 19    Spirulina Market Size for Business Channel, by Country/Region, 2019–2028 (Ton)
Table 20    Spirulina Market Size for Consumer Channel, by Country/Region, 2019–2028, (USD Thousands)
Table 21    Spirulina Market Size for Consumer Channel, by Country/Region, 2019–2028 (Ton)
Table 22    Global Spirulina Market Size, by Product Type, 2019–2028 (USD Million)
Table 23    Global Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 24    Spirulina Powder Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 25    Spirulina Powder Market Size, by Country/Region, 2019–2028 (Ton)
Table 26    Spirulina Tablets Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 27    Spirulina Tablets Market Size, by Country/Region, 2019–2028 (Ton)
Table 28    Spirulina Capsules Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 29    Spirulina Capsules Market Size, by Country/Region, 2019–2028 (Ton)
Table 30    Spirulina Flakes Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 31    Spirulina Flakes Market Size, by Country/Region, 2019–2028 (Ton)
Table 32    Phycocyanin Extracts Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 33    Phycocyanin Extracts Market Size, by Country/Region, 2019–2028 (Ton)
Table 34    Frozen Spirulina Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 35    Frozen Spirulina Market Size, by Country/Region, 2019–2028 (Ton)
Table 36    Global Spirulina Market Size, by Application, 2019–2028 (USD Million)
Table 37    Global Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 38    Nutritional Profile of Spirulina Powder from Various Companies
Table 39    Spirulina Market Size for Nutraceuticals, by Country/Region, 2019–2028, (USD Thousands)
Table 40    Spirulina Market Size for Nutraceuticals, by Country/Region, 2019–2028 (Ton)
Table 41    Comparison of Protein Content of Other Foods With Spirulina
Table 42    Spirulina Market Size for Food and Beverage, by Country/Region, 2019–2028, (USD Thousands)
Table 43    Spirulina Market Size for Food and Beverage, by Country/Region, 2019–2028 (Ton)
Table 44    Spirulina Market Size for Animal Feed, by Country/Region, 2019–2028, (USD Thousands)
Table 45    Spirulina Market Size for Animal Feed, by Country/Region, 2019–2028 (Ton)
Table 46    Spirulina Market Size for Cosmetics, by Country/Region, 2019–2028, (USD Thousands)
Table 47    Spirulina Market Size for Cosmetics, by Country/Region, 2019–2028 (Ton)
Table 48    Spirulina Market Size for Agriculture, by Country/Region, 2019–2028, (USD Thousands)
Table 49    Spirulina Market Size for Agriculture, by Country/Region, 2019–2028 (Ton)
Table 50    Spirulina Market Size, by Region, 2019–2028 (USD Million)
Table 51    Spirulina Market Size, by Region, 2019–2028 (Ton)
Table 52    Some of the Key Buyers of Spirulina in North America
Table 53    North America: Spirulina Market Size, by Country, 2019–2028 (USD Thousand)
Table 54    North America: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 55    North America: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Million)
Table 56    North America: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 57    North America: Spirulina Market Size, by Product Type, 2019–2028 (USD Million)
Table 58    North America: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 59    North America: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 60    North America: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 61    U.S.: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 62    U.S.: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 63    U.S.: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 64    U.S.: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 65    U.S.: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 66    U.S.: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 67    Canada: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 68    Canada: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 69    Canada: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 70    Canada: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 71    Canada: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 72    Canada: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 73    Key Buyers of Spirulina in Europe
Table 74    Some of the Spirulina Producers in Europe
Table 75    Europe: Spirulina Market Size, by Country, 2019–2028 (USD Million)
Table 76    Europe: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 77    Europe: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 78    Europe: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 79    Europe: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 80    Europe: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 81    Europe: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 82    Europe: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 83    Some of the Spirulina Producers in France
Table 84    France: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 85    France: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 86    France: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 87    France: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 88    France: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 89    France: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 90    Overview of German Stakeholders Active in the Broader Algae Area
Table 91    Germany: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 92    Germany: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 93    Germany: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 94    Germany: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 95    Germany: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 96    Germany: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 97    U.K.: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 98    U.K: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 99    U.K: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 100    U.K: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 101    U.K: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 102    U.K: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 103    Some of the Spirulina Producers in Italy
Table 104    Italy: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 105    Italy: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 106    Italy: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 107    Italy: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 108    Italy: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 109    Italy: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 110    Some of the Spirulina Producers in Spain
Table 111    Spain: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 112    Spain: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 113    Spain: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 114    Spain: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 115    Spain: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 116    Spain: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 117    Netherlands: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 118    Netherlands: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 119    Netherlands: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 120    Netherlands: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 121    Netherlands: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 122    Netherlands: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 123    Rest of Europe: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 124    Rest of Europe: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 125    Rest of Europe: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 126    Rest of Europe: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 127    Rest of Europe: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 128    Rest of Europe: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 129    Some of the Key Buyers of Spirulina in Asia-Pacific
Table 130    Asia-Pacific: Spirulina Market Size, by Country, 2019–2028 (USD Million)
Table 131    Asia-Pacific: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 132    Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 133    Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 134    Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 135    Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 136    Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 137    Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 138    China: Spirulina Producers
Table 139    China: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 140    China: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 141    China: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 142    China: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 143    China: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 144    China: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 145    India: Spirulina Producers
Table 146    India: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 147    India: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 148    India: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 149    India: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 150    India: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 151    India: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 152    Japan: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 153    Japan: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 154    Japan: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 155    Japan: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 156    Japan: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 157    Japan: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 158    Australia: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 159    Australia: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 160    Australia: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 161    Australia: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 162    Australia: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 163    Australia: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 164    Thailand: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 165    Thailand: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 166    Thailand: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 167    Thailand: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 168    Thailand: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 169    Thailand: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 170    Rest of Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 171    Rest of Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 172    Rest of Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 173    Rest of Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 174    Rest of Asia-Pacific: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 175    Rest of Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 176    Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 177    Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 178    Latin America: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 179    Latin America: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 180    Latin America: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 181    Latin America: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 182    Brazil: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 183    Brazil: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 184    Brazil: Spirulina Market Size, by Product Type, 2019-2028 (USD Thousand)
Table 185    Brazil: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 186    Brazil: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 187    Brazil: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 188    Mexico: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 189    Mexico: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 190    Mexico: Spirulina Market Size, by Product Type, 2019-2028 (USD Thousand)
Table 191    Mexico: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 192    Mexico: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 193    Mexico: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 194    Rest of Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (USD Thousand)
Table 195    Rest of Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 196    Rest of Latin America: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 197    Rest of Latin America: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 198    Rest of Latin America: Spirulina Market Size, by Application, 2019-2028, (USD Thousand)
Table 199    Rest of Latin America: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 200    Middle East & Africa: Spirulina Market Size, by Distribution Channel, 2019-2028 (USD Thousand)
Table 201    Middle East & Africa: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 202    Middle East & Africa: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 203    Middle East & Africa: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 204    Middle East & Africa: Spirulina Market Size, by Application, 2019-2028, (USD Thousand)
Table 205    Middle East & Africa: Spirulina Market Size, by Application, 2019-2028 (Ton)

List of Figures

Figure 1    Key Stakeholders
Figure 2    Research Process
Figure 3    Key Secondary Sources
Figure 4    Primary Research Techniques
Figure 5    Key Executives Interviewed
Figure 6    Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7    Market Size Estimation
Figure 8    Business Channel to Dominate the Spirulina Market by 2028
Figure 9    Phycocyanin Extract Segment to Register the Highest Cagr During the Forecast Period
Figure 10    the Nutraceuticals Segment to Dominate the Spirulina Market by 2028
Figure 11    North America Dominates the Overall Spirulina Market, While Europe Leads in Growth
Figure 12    Benefits of Consuming 5-10 Grams of Spirulina Every Day
Figure 13    Most Common Formulations of Spirulina
Figure 14    Value-Chain for Spirulina
Figure 15    Market Dynamics
Figure 16    Nutrient Profile of Spirulina Vs. Other Foods
Figure 17    Top Ten Countries with the Highest Rate of Vegetarianism, 2020 (%)
Figure 18    Force Field Analysis of Spirulina Market
Figure 19    Global Spirulina Market Size, by Distribution Channel, 2021–2028 (USD Million)
Figure 20    Business Channel of Spirulina
Figure 21    Consumer Channel of Spirulina
Figure 22    Global Spirulina Market Size, by Product Type, 2021-2028 (USD Million)
Figure 23    Global Spirulina Market Size, by Application, 2021–2028 (USD Million)
Figure 24    Examples of Spirulina Products in the Nutraceuticals Market
Figure 25    Examples of Spirulina-Based Food & Beverages Products
Figure 26    Examples of Spirulina-Based Animal Feed Products
Figure 27    Examples of Spirulina-Based Cosmetic Products
Figure 28    Possible Effect of Spirulina Extract in Agriculture
Figure 29    Spirulina-Based Agriculture Products

Figure 30    Spirulina Market Size, by Region, 2021–2028 (USD Million)
Figure 31    Number of Children Under 5 Years Who Are Stunted, by Region, 2000 and 2018 
(in Million)
Figure 32    E.I.D. - Parry (India) Limited: Financial Overview (2020)
Figure 33    Cyanotech Corporation: Financial Overview (2020)
 

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1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency

2.    Research Methodology
       2.1.    Research Process
       2.2.    Data Collection & Validation
                 2.2.1.    Secondary Research
                 2.2.2.    Primary Research
       2.3.    Market Assessment
                 2.3.1.    Market Size Estimation
                             2.3.1.1.    Bottom-Up Approach
                             2.3.1.2.    Top-Down Approach
                             2.3.1.3.    Growth Forecast
       2.4.    Assumptions for the Study
       2.5.    Limitations for the Study

3.Executive Summary
       3.1.    Introduction
       3.2.    Segment Analysis
                 3.2.1.    Distribution Channel Segment Analysis
                 3.2.2.    Product Type Segment Analysis
                 3.2.3.    Application Segment Analysis
                 3.2.4.    Regional Analysis
                 3.2.5.    Key Players

4.    Industry Trends
       4.1.    Introduction
       4.2.    Spirulina Formulation
                4.2.1. Recommended Daily Dose of Spirulina
       4.3.    Common Formulations of Spirulina
       4.4.    Value Chain Analysis
                4.4.1.    List of Key Producers, by Size
                             4.4.1.1.    Microfarmers (<2 Ton/Year)
                             4.4.1.2.    Small Farmers (2-20 Ton/Year)
                             4.4.1.3.    Large Farmers (20-200 Ton/Year)
                             4.4.1.4.    Very Large Farmers (More than 200 Ton/Year)
                4.4.2.    Handling and Packaging Companies
                4.4.3.    List of Some of the Key Buyers
                4.4.4.    Pricing Analysis
                             4.4.4.1.    Producer to Manufacturer
                             4.4.4.2.    Manufacturer to Distributor/Wholesaler
                             4.4.4.3.    Distributor/Wholesaler to Retailer
                             4.4.4.4.    Retailer to Consumer

5.    Market Insights
       5.1.    Introduction
       5.2.    Drivers
                 5.2.1.    Growing Health & Wellness Trends and Dietary Supplements Industry
                 5.2.2.    Growing Demand for Natural Food Colours
                 5.2.3.    Growing Vegetarianism
                 5.2.4.    Positive Impact on Environment With Spirulina Cultivation
                 5.2.5.    Strict Regulations Regarding the Inclusion of Synthetic Colors and Flavors
                 5.2.6.    Growing Preference for Spirulina-Sourced Products
                 5.2.7.    Growing Use of Spirulina in Aquaculture
                 5.2.8.    Growing Investments from Natural-Color Manufacturers
       5.3.    Restraints
                 5.3.1.    Low Awareness of Benefits of Spirulina
                 5.3.2.    Complex Production of Algae Products
                 5.3.3.    Risk of Contamination
       5.4.    Opportunities
                 5.4.1.    Emergence of New Application Areas
                 5.4.2.    Growing Demand for Phycocyanin
                 5.4.3.    Growing Demand for Spirulina from Bio Refineries
                 5.4.4.    Increasing Demand for Fresh/Frozen Spirulina
       5.5.    Trends
                 5.5.1.    Adoption of New Production Technologies (Photobioreactors)
       5.6.    Standards and Regulations
                 5.6.1.    Spirulina estimated Daily Intake
                 5.6.2.    North America
                 5.6.3.    Europe
       5.7.    Force Field Analysis

6.    The Impact of Covid-19 on the Spirulina Market

7.    Global Spirulina Market, by Distribution Channel
       7.1.    Introduction
       7.2.    Business Channel
       7.3.    Consumer Channel

8.    Global Spirulina Market, by Product Type
       8.1.    Introduction
       8.2.    Powder
       8.3.    Tablets
       8.4.    Capsules
       8.5.    Flakes
       8.6.    Phycocyanin Extracts
       8.7.    Frozen Spirulina

9.    Global Spirulina Market, by Application
       9.1.    Introduction
       9.2.    Nutraceuticals
       9.3.    Food and Beverage
       9.4.    Animal Feed
       9.5.    Cosmetics
       9.6.    Agriculture

10.    Global Spirulina Market, by Geography
         10.1.    Introduction
         10.2.    North America
                    10.2.1.    Market Size and Growth Rate
                    10.2.2.    Market Trends
                    10.2.3.    Key Drivers and Restraints
                    10.2.4.    Market Opportunity
                    10.2.5.    List of Buyers
                    10.2.6.    Success Factors
                    10.2.7.    Key Players
                    10.2.8.    U.S.
                                  10.2.8.1.    Growing Demand for Natural Colors
                                  10.2.8.2.    Key Players
                    10.2.9.    Canada
                                  10.2.9.1.    Key Players
         10.3.    Europe
                    10.3.1.    Market Size and Growth Rate
                    10.3.2.    Market Trends
                    10.3.3.    Major Growth Drivers
                    10.3.4.    Market Opportunity
                    10.3.5.    List of Buyers
                    10.3.6.    Success Factors
                    10.3.7.    Spirulina Producers
                    10.3.8.    France
                    10.3.9.    Germany
                    10.3.10.    U.K.
                    10.3.11.    Italy
                    10.3.12.    Spain
                    10.3.13.    Netherlands
                    10.3.14.    Rest of Europe (RoE)
         10.4.    Asia-Pacific
                    10.4.1.    Market Size and Growth Rate
                    10.4.2.    Major Growth Drivers
                    10.4.3.    Market Opportunity
                    10.4.4.    List of Buyers
                    10.4.5.    Success Factors
                    10.4.6.    Key Players
                    10.4.7.    China
                    10.4.8.    India
                    10.4.9.    Japan
                    10.4.10.    Australia
                    10.4.11.    Thailand
                    10.4.12.    Rest of Asia-Pacific (RoAPAC)
         10.5.    Latin America
                    10.5.1.    Brazil
                    10.5.2.    Mexico
                    10.5.3.    Rest of Latin America (RoLATAM)
         10.6.    Middle East & Africa
                    10.6.1.    Growing Need to Eradicate Malnutrition
                    10.6.2.    Iranian Scientists Produce Sweets for Diabetics from Spirulina

11.    Company Profiles
         11.1.    Microfarmers
                    11.1.1.    Lenoir Azur Spiruline
                    11.1.2.    Clos Sainte Aurore
                    11.1.3.    Spirulina Viva
                    11.1.4.    Spiform
                    11.1.5.    Spirulina La Capitelle
                    11.1.6.    Dunga Spirulina
         11.2.    Small Farmers
                    11.2.1.    Bertolini Mario
                    11.2.2.    Aurospirul
         11.3.    Large Farmers
                    11.3.1.    Far East Microalgae Industries Co., Ltd (FEMICO)
                    11.3.2.    June Pharmaceuticals Limited
         11.4.    Very Large Farmers
                    11.4.1.    Fuqing King Dnarmsa Spirulina Co.Ltd.
                    11.4.2.    Earthrise Nutritionals, LLC (Part of DIC Corporation)
                    11.4.3.    E.I.D. - Parry (India) Limited
                    11.4.4.    Cyanotech Corporation
                    11.4.5.    Dongtai City Spirulina Bio-Engineering Co. Ltd.
                    11.4.6.    Yunnan Green A Biological Project Co., Ltd.
                    11.4.7.    Zhejiang Comp Spirulina Co., Ltd.
                    11.4.8.    Ordos Xinyuli Spirulina Industry Group Co., Ltd.
                    11.4.9.    Qingdao Haizhijiao Biotechnology Co., Ltd.
                    11.4.10.    Inner Mongolia Rejuve Biotech Co., Ltd.
                    11.4.11.    Hainan Dic Aisheng Microalgae Co., Ltd.
                    11.4.12.    Zhejiang Binmei Biotechnology Co., Ltd.
                    11.4.13.    Bluetec Naturals Co., Ltd.

12. Appendix
      12.1.    Questionnaire
      12.2.    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, 2019-2028 ($/Kg)
Table 8        Average Prices of Spirulina: Manufacturer to Distributor/Wholesaler, by Country/Region, 2019-2028 ($/Kg)
Table 9        Average Prices of Spirulina: Distributor/Wholesaler to Retailer, by Country/Region, 2019-2028 ($/Kg)
Table 10    Average Prices of Spirulina: Retailer to Consumer, by Country/Region, 2019-2028 ($/Kg)
Table 11    Global Spirulina Market: Impact Analysis of Market Drivers (2021–2028), 
Table 12    Total Global Spirulina Market: Impact Analysis of Market Restraints, (2021–2028)
Table 13    Comparative Features of Microalgae Cultivation Approaches
Table 14    Characteristics of Four Promising PBRs
Table 15    Production Cost and Specific Energy Consumption for Spirulina Cultivation in Open Ponds and PBR for Different Productivities
Table 16    Global Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Million)
Table 17    Global Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 18    Spirulina Market Size for Business Channel, by Country/Region, 2019–2028, (USD Thousands)
Table 19    Spirulina Market Size for Business Channel, by Country/Region, 2019–2028 (Ton)
Table 20    Spirulina Market Size for Consumer Channel, by Country/Region, 2019–2028, (USD Thousands)
Table 21    Spirulina Market Size for Consumer Channel, by Country/Region, 2019–2028 (Ton)
Table 22    Global Spirulina Market Size, by Product Type, 2019–2028 (USD Million)
Table 23    Global Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 24    Spirulina Powder Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 25    Spirulina Powder Market Size, by Country/Region, 2019–2028 (Ton)
Table 26    Spirulina Tablets Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 27    Spirulina Tablets Market Size, by Country/Region, 2019–2028 (Ton)
Table 28    Spirulina Capsules Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 29    Spirulina Capsules Market Size, by Country/Region, 2019–2028 (Ton)
Table 30    Spirulina Flakes Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 31    Spirulina Flakes Market Size, by Country/Region, 2019–2028 (Ton)
Table 32    Phycocyanin Extracts Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 33    Phycocyanin Extracts Market Size, by Country/Region, 2019–2028 (Ton)
Table 34    Frozen Spirulina Market Size, by Country/Region, 2019–2028 (USD Thousands)
Table 35    Frozen Spirulina Market Size, by Country/Region, 2019–2028 (Ton)
Table 36    Global Spirulina Market Size, by Application, 2019–2028 (USD Million)
Table 37    Global Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 38    Nutritional Profile of Spirulina Powder from Various Companies
Table 39    Spirulina Market Size for Nutraceuticals, by Country/Region, 2019–2028, (USD Thousands)
Table 40    Spirulina Market Size for Nutraceuticals, by Country/Region, 2019–2028 (Ton)
Table 41    Comparison of Protein Content of Other Foods With Spirulina
Table 42    Spirulina Market Size for Food and Beverage, by Country/Region, 2019–2028, (USD Thousands)
Table 43    Spirulina Market Size for Food and Beverage, by Country/Region, 2019–2028 (Ton)
Table 44    Spirulina Market Size for Animal Feed, by Country/Region, 2019–2028, (USD Thousands)
Table 45    Spirulina Market Size for Animal Feed, by Country/Region, 2019–2028 (Ton)
Table 46    Spirulina Market Size for Cosmetics, by Country/Region, 2019–2028, (USD Thousands)
Table 47    Spirulina Market Size for Cosmetics, by Country/Region, 2019–2028 (Ton)
Table 48    Spirulina Market Size for Agriculture, by Country/Region, 2019–2028, (USD Thousands)
Table 49    Spirulina Market Size for Agriculture, by Country/Region, 2019–2028 (Ton)
Table 50    Spirulina Market Size, by Region, 2019–2028 (USD Million)
Table 51    Spirulina Market Size, by Region, 2019–2028 (Ton)
Table 52    Some of the Key Buyers of Spirulina in North America
Table 53    North America: Spirulina Market Size, by Country, 2019–2028 (USD Thousand)
Table 54    North America: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 55    North America: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Million)
Table 56    North America: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 57    North America: Spirulina Market Size, by Product Type, 2019–2028 (USD Million)
Table 58    North America: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 59    North America: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 60    North America: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 61    U.S.: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 62    U.S.: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 63    U.S.: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 64    U.S.: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 65    U.S.: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 66    U.S.: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 67    Canada: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 68    Canada: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 69    Canada: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 70    Canada: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 71    Canada: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 72    Canada: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 73    Key Buyers of Spirulina in Europe
Table 74    Some of the Spirulina Producers in Europe
Table 75    Europe: Spirulina Market Size, by Country, 2019–2028 (USD Million)
Table 76    Europe: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 77    Europe: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 78    Europe: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 79    Europe: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 80    Europe: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 81    Europe: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 82    Europe: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 83    Some of the Spirulina Producers in France
Table 84    France: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 85    France: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 86    France: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 87    France: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 88    France: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 89    France: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 90    Overview of German Stakeholders Active in the Broader Algae Area
Table 91    Germany: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 92    Germany: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 93    Germany: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 94    Germany: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 95    Germany: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 96    Germany: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 97    U.K.: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 98    U.K: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 99    U.K: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 100    U.K: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 101    U.K: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 102    U.K: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 103    Some of the Spirulina Producers in Italy
Table 104    Italy: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 105    Italy: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 106    Italy: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 107    Italy: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 108    Italy: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 109    Italy: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 110    Some of the Spirulina Producers in Spain
Table 111    Spain: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 112    Spain: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 113    Spain: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 114    Spain: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 115    Spain: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 116    Spain: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 117    Netherlands: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 118    Netherlands: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 119    Netherlands: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 120    Netherlands: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 121    Netherlands: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 122    Netherlands: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 123    Rest of Europe: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 124    Rest of Europe: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 125    Rest of Europe: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 126    Rest of Europe: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 127    Rest of Europe: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 128    Rest of Europe: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 129    Some of the Key Buyers of Spirulina in Asia-Pacific
Table 130    Asia-Pacific: Spirulina Market Size, by Country, 2019–2028 (USD Million)
Table 131    Asia-Pacific: Spirulina Market Size, by Country, 2019–2028 (Ton)
Table 132    Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 133    Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 134    Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 135    Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 136    Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 137    Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 138    China: Spirulina Producers
Table 139    China: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 140    China: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 141    China: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 142    China: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 143    China: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 144    China: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 145    India: Spirulina Producers
Table 146    India: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 147    India: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 148    India: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 149    India: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 150    India: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 151    India: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 152    Japan: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 153    Japan: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 154    Japan: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 155    Japan: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 156    Japan: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 157    Japan: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 158    Australia: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 159    Australia: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 160    Australia: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 161    Australia: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 162    Australia: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 163    Australia: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 164    Thailand: Spirulina Market Size, by Distribution Channel, 2019–2028, (USD Thousand)
Table 165    Thailand: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 166    Thailand: Spirulina Market Size, by Product Type, 2019–2028 (USD Thousand)
Table 167    Thailand: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 168    Thailand: Spirulina Market Size, by Application, 2019–2028 (USD Thousand)
Table 169    Thailand: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 170    Rest of Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (USD Thousand)
Table 171    Rest of Asia-Pacific: Spirulina Market Size, by Distribution Channel, 2019–2028 (Ton)
Table 172    Rest of Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028, (USD Thousand)
Table 173    Rest of Asia-Pacific: Spirulina Market Size, by Product Type, 2019–2028 (Ton)
Table 174    Rest of Asia-Pacific: Spirulina Market Size, by Application, 2019–2028, (USD Thousand)
Table 175    Rest of Asia-Pacific: Spirulina Market Size, by Application, 2019–2028 (Ton)
Table 176    Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 177    Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 178    Latin America: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 179    Latin America: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 180    Latin America: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 181    Latin America: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 182    Brazil: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 183    Brazil: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 184    Brazil: Spirulina Market Size, by Product Type, 2019-2028 (USD Thousand)
Table 185    Brazil: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 186    Brazil: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 187    Brazil: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 188    Mexico: Spirulina Market Size, by Distribution Channel, 2019-2028, (USD Thousand)
Table 189    Mexico: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 190    Mexico: Spirulina Market Size, by Product Type, 2019-2028 (USD Thousand)
Table 191    Mexico: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 192    Mexico: Spirulina Market Size, by Application, 2019-2028 (USD Thousand)
Table 193    Mexico: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 194    Rest of Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (USD Thousand)
Table 195    Rest of Latin America: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 196    Rest of Latin America: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 197    Rest of Latin America: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 198    Rest of Latin America: Spirulina Market Size, by Application, 2019-2028, (USD Thousand)
Table 199    Rest of Latin America: Spirulina Market Size, by Application, 2019-2028 (Ton)
Table 200    Middle East & Africa: Spirulina Market Size, by Distribution Channel, 2019-2028 (USD Thousand)
Table 201    Middle East & Africa: Spirulina Market Size, by Distribution Channel, 2019-2028 (Ton)
Table 202    Middle East & Africa: Spirulina Market Size, by Product Type, 2019-2028, (USD Thousand)
Table 203    Middle East & Africa: Spirulina Market Size, by Product Type, 2019-2028 (Ton)
Table 204    Middle East & Africa: Spirulina Market Size, by Application, 2019-2028, (USD Thousand)
Table 205    Middle East & Africa: Spirulina Market Size, by Application, 2019-2028 (Ton)

List of Figures

Figure 1    Key Stakeholders
Figure 2    Research Process
Figure 3    Key Secondary Sources
Figure 4    Primary Research Techniques
Figure 5    Key Executives Interviewed
Figure 6    Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7    Market Size Estimation
Figure 8    Business Channel to Dominate the Spirulina Market by 2028
Figure 9    Phycocyanin Extract Segment to Register the Highest Cagr During the Forecast Period
Figure 10    the Nutraceuticals Segment to Dominate the Spirulina Market by 2028
Figure 11    North America Dominates the Overall Spirulina Market, While Europe Leads in Growth
Figure 12    Benefits of Consuming 5-10 Grams of Spirulina Every Day
Figure 13    Most Common Formulations of Spirulina
Figure 14    Value-Chain for Spirulina
Figure 15    Market Dynamics
Figure 16    Nutrient Profile of Spirulina Vs. Other Foods
Figure 17    Top Ten Countries with the Highest Rate of Vegetarianism, 2020 (%)
Figure 18    Force Field Analysis of Spirulina Market
Figure 19    Global Spirulina Market Size, by Distribution Channel, 2021–2028 (USD Million)
Figure 20    Business Channel of Spirulina
Figure 21    Consumer Channel of Spirulina
Figure 22    Global Spirulina Market Size, by Product Type, 2021-2028 (USD Million)
Figure 23    Global Spirulina Market Size, by Application, 2021–2028 (USD Million)
Figure 24    Examples of Spirulina Products in the Nutraceuticals Market
Figure 25    Examples of Spirulina-Based Food & Beverages Products
Figure 26    Examples of Spirulina-Based Animal Feed Products
Figure 27    Examples of Spirulina-Based Cosmetic Products
Figure 28    Possible Effect of Spirulina Extract in Agriculture
Figure 29    Spirulina-Based Agriculture Products

Figure 30    Spirulina Market Size, by Region, 2021–2028 (USD Million)
Figure 31    Number of Children Under 5 Years Who Are Stunted, by Region, 2000 and 2018 
(in Million)
Figure 32    E.I.D. - Parry (India) Limited: Financial Overview (2020)
Figure 33    Cyanotech Corporation: Financial Overview (2020)
 

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