Global Spirulina Powder Market to Experience Steady Growth at 7.70% CAGR, Accounting for USD 812.21 Million by 2030, Driven by Growing Awareness Health Benefits, Reports Kings Research

The global spirulina powder market is estimated to exhibit a strong 7.70% CAGR over 2023-2030. Vital factors supporting market growth include the growing awareness of spirulina's health benefits and rising preference for plant-based diets.


Dubai, UAE, Oct. 31, 2023 (GLOBE NEWSWIRE) -- According to the latest report by Kings Research, the global Spirulina Powder Market is expected to grow from USD 457.87 million in 2022 to USD 812.21 million by 2030, recording a CAGR of 7.70% through the projection period of 2023-2030. The market is witnessing substantial expansion, primarily attributed to the surging recognition of the health advantages associated with the consumption of spirulina. 

Spirulina powder, sourced from blue-green algae, is renowned for its exceptional nutritional value, boasting a wealth of protein, vitamins, minerals, and antioxidants. This nutrient-packed powder is gaining popularity among health-conscious consumers. Furthermore, the increasing preference for natural and plant-based ingredients within the food and beverage sector is a driving force behind the market's robust growth.

Moreover, the surging rates of chronic conditions such as obesity and diabetes propels the market, with spirulina powder often suggested as a dietary aid for weight management and blood sugar control. Additionally, the growing vegan demographic has fueled demand due to spirulina's plant-based, nutrient-rich profile. As sustainability gains prominence, the spirulina powder market is poised for exceptional growth in the future.

Get a Sample PDF of the Report: https://www.kingsresearch.com/request-sample/spirulina-powder-market-245 

Trending Now: Ancient Nutrition Revealed Innovative New Organic SuperGreens Line-Up in 2023

In 2023, Ancient Nutrition, a superfood brand, unveiled a complete superfood green line-up that featured a variety of organic greens, including spirulina, chlorella, kale, spinach, and broccoli. This product range contains 25+ superfoods, including certified organic greens, expertly formulated for detoxification, pH balance, increased energy, and enhanced nutrition.

Global Spirulina Powder Market Snapshot:

Report CoverageDetails
Forecast Period2023-2030
Base Year2022
Market Value (2022)USD 457.87 Million
Forecasted Value (2030)USD 812.21 Million
CAGR7.70%
No. of Pages120
Segments CoveredType, Application, Distribution Channel, and Region
DriversEmergence of E-commerce Platforms to Boost Demand for Online Retail Stores
Widespread Use of Spirulina in Food & Beverage Application to Drive Product Demand
OpportunityBurgeoning Health Awareness of Spirulina to Boost Product Adoption


Have an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/spirulina-powder-market-245

The global Spirulina Powder Market is segmented as:

By Distribution Channel

  • Department Stores
  • Grocery
  • Online Retailers
  • Others

Emergence of E-commerce Platforms to Boost Demand for Online Retail Stores

In terms of distribution channels, the online retail stores segment dominated the global spirulina market in 2022 due to the emergence of e-commerce platforms and the convenience they offer. As a result, consumers show a greater inclination to purchase spirulina powder through these online retailers. The availability of price comparisons and customer reviews makes it simpler for consumers to make informed decisions and complete their purchases, ultimately contributing to the growth of this segment.

By Application

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

Widespread Use of Spirulina in Food & Beverage Application to Drive Product Demand

Based on applications, the food and beverage segment led the global spirulina powder market in 2022. This segmental growth is attributable to its wide application as a natural food coloring agent and as a nutritional supplement.

Ask for Customization: https://www.kingsresearch.com/customization/spirulina-powder-market-245 

Burgeoning Health Awareness of Spirulina to Boost Product Adoption

The burgeoning awareness of the health benefits of spirulina, its rich nutritional profile, and the demand for natural, plant-based ingredients in the food and beverage industry are driving factors behind the significant growth in the global spirulina powder market. Additionally, the market's expansion is further fueled by the rising prevalence of chronic diseases, such as obesity and diabetes, where spirulina powder is recommended as a dietary supplement. Furthermore, the growing vegan population is seeking plant-based sources of essential nutrients, which is contributing to the market's growth. As sustainability and eco-friendliness gain prominence, the spirulina powder market is poised for substantial expansion in the years ahead.

North America to Lead the Spirulina Powder Market Due to Rising Investments in R&D Activities

North America is anticipated to lead the market over the review period due to substantial investments in R&D activities. These investments have led to significant progress in spirulina cultivation techniques and quality control measures, resulting in a high-quality product with global appeal. The region's growing preference for health and wellness products, coupled with the well-established infrastructure for dietary supplement production and distribution, enables it to meet the increasing demand for spirulina powder.

APAC to Witness Fastest Market Growth Owing to Favorable Climatic Conditions

Asia-Pacific is the fastest-growing region in the spirulina powder market due to its strong agricultural foundation and favorable climate for spirulina cultivation. Furthermore, countries such as China, India, and Japan have a rich tradition of using spirulina for both dietary supplementation and traditional medicine. This cultural familiarity and acceptance have significantly bolstered product demand in the region. Moreover, the increasing health consciousness and the rising popularity of plant-based protein sources in Asia-Pacific have further propelled domestic market growth.

Purchase this Premium Research Report: https://www.kingsresearch.com/buy-now/245

Competitive Landscape

Leading players in the global spirulina powder market are implementing various strategic approaches, including partnerships, mergers and acquisitions, product innovations, and joint ventures, with the aim of broadening their product offerings. 

For instance, in August 2021, Proalgae unveiled a new product line in Chennai, featuring sweet spirulina powder and protein bars. These products are tailored for the vegan consumer segment and are highly acclaimed as superfoods.

Major participants profiled in the global spirulina powder market include:

  • Cyanotech Corporation
  • SePRO Corporation
  • BioSafe Systems, LLC
  • Yunnan Green A Biological Project Co., Ltd
  • Inner Mongolia Rejuve Biotech Co. Ltd.
  • DIC Corporation
  • Botanic Healthcare
  • Qingdao Haizhijiao Biotechnology Co., Ltd
  • I.D. – Parry (India) Limited
  • BASF SE

Browse the Complete Report Here: https://www.kingsresearch.com/spirulina-powder-market-245

Key Points from TOC:

Chapter 1 Introduction of the Global Spirulina Powder Market 
Chapter 2 Executive Summary
Chapter 3 Research Methodology
Chapter 4 Global Spirulina Powder Market Outlook
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Spirulina Powder Market, By Type
Chapter 7 Global Spirulina Powder Market, By Application
Chapter 8 Global Spirulina Powder Market, By Distribution Channel
Chapter 9 Global Spirulina Powder Market, By Geography
Chapter 10 North America 
Chapter 11 Europe 
Chapter 12 Asia Pacific 
Chapter 13 Middle East & Africa 
Chapter 14 Latin America 
Chapter 15 Global Spirulina Powder Market Competitive Landscape
Chapter 16 Company Profiles

Browse Complete TOC: https://www.kingsresearch.com/toc/spirulina-powder-market-245

About Us:

Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.

Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.

Contact Us

Kings Research
Phone: (+1) 888 328 2189
E-mail: business@kingsresearch.com
Website: https://www.kingsresearch.com
Blog: https://www.kingsresearch.com/blog
Follow Us: LinkedIn | Facebook | Twitter