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Spirulina Market Size, Share Global Analysis Report, 2022 – 2028

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Spirulina Market Size, Share, Growth Analysis Report By Type (Arthrospira platensis, and Arthrospira maxima), By Form (Powder, Tablet & Capsule, Liquid, and Gelling Agent & Granules), By Application (Nutraceutical, Food & Beverage, Animal Feed, Cosmetics & Spa Treatment, and Bio-fuel), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028

Industry Insights

[217+ Pages Report] According to the report published by Facts Factors, the global spirulina market size was worth around USD 410.2 million in 2021 and is predicted to grow to around USD 989.6 million by 2028 with a compound annual growth rate (CAGR) of roughly 11.1% between 2022 and 2028. The report analyzes the global spirulina market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the spirulina market.

Global Spirulina Market Size

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logoMarket Overview

Spirulina is a type of cyanobacterial biomass that can be consumed by animals and humans. It naturally grows in the alkaline lakes of warmer regions. This eco-friendly spirulina is highly nutritional in nature and possesses some superior properties including hypoglycemic, hypolipidemic, and antihypertensive. Spirulina offers various immuno-stimulating, anti-inflammatory, and antioxidant effects due to the presence of polysaccharides, phenolic compounds into it. Additionally, spirulina is extremely high in numerous nutrients such as protein, vitamin B1 (thiamine), vitamin B2 (riboflavin), vitamin B3 (niacin), copper, iron, and decent amounts of magnesium, potassium, & manganese and small amounts of almost every other nutrient. Further, it controls blood sugar level and also reduces blood pressure in individuals with normal levels. It is also effective against anemia and helps to improve muscle strength and endurance.

According to some data, spirulina has anti-cancer capabilities. Owing to its crucial functional contents, it is widely used in various end-user industries such as the pharmaceutical industry, food industry, and agriculture sector, among others. Growing dietary supplements industry, along with the rising health and wellness trends among individuals across developed as well as emerging countries around the globe are major factors driving the growth of the global spirulina market. In addition to this, its range of applications in the food and beverage industry is another factor to augment the growth of the target industry in the near future. Growing food processing industry is likely to offer lucrative opportunities in the global market over the next few years.

logoKey Insights

  • As per the analysis shared by our research analyst, the global spirulina market is estimated to grow annually at a CAGR of around 11.1% over the forecast period (2022-2028).
  •  In terms of revenue, the global spirulina market size was valued at around USD 410.2 million in 2021 and is projected to reach USD 989.6 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on form segmentation, powder form spirulina was predicted to show maximum market share in the year 2021.
  • Based on application segmentation, food, and beverage was the leading revenue-generating industrial vertical in 2021.
  • On the basis of region, North America was the leading revenue generator in 2021.

logoCovid-19 Impact

The global market has benefited significantly due to the onset of COVID-19 since the demand for spirulina augmented, owing to the increased need for vitamins and nutritional supplements in order to treat the COVID-19 virus. The World Health Organization (WHO) has identified the potential usage of seaweeds which has created numerous growth prospects in the global spirulina market. Also, tremendous growth in the adoption of the spirulina-based beverages and immunity-boosting food products based on spirulina worldwide has positively impacted the growth of the global industry.

logo Growth Drivers

  • Rising health and wellness trends to drive market growth during the forecast period.

The global spirulina market is driving owing to the rising trend of health and wellness across emerging and developed countries worldwide. The wellness industry is experiencing noteworthy growth on the back of increasing awareness among individuals across emerging economies regarding the importance of consuming healthy food products. Hence, consumers worldwide are increasing their spending on immunity-boosting products, dietary supplements, & nutrition, and focusing on improving their health. Increasing demand for the plant-based food colorant in various healthy food products has raised the demand for spirulina. Further, increasing usage of cyanobacteria in weight reduction food products thereby growth in the adoption of spirulina in such products among health clubs and fitness centers is fueling the growth of the market. According to the stats released by Global Wellness Institute, the size of the wellness market worldwide accounted for USD 5.04 trillion in 2021, registering a growth of 15.3%, compared to USD 4.37 trillion in 2021. Also, the size of the wellness market worldwide is forecasted to be USD 6.99 trillion in 2025, which is likely to enhance the growth of immunity-boosting food products and in turn growth of the global market over the forecast period of time.

logo Restraints

  • Presence of other synthetic colorants, along with low awareness regarding benefits of spirulina

Availability of other synthetic colorants, coupled with low awareness regarding the benefits of spirulina are among the major factors expected to hamper the growth of the global spirulina market over the forecast time frame. When compared with natural colorant like spirulina, the efficiency of extraction for synthetic colorants such as brilliant blue, indigo carmine is higher. Further, the production process of spirulina is costly and time-consuming over synthetic colorants, which is negatively impacting the growth of the industry. Additionally, less awareness regarding the advantages of using spirulina-based food products is low among developing economies across the world, which is likely to significantly impact the growth of the studied market in the near future.  

logo Opportunities

  • Increasing government initiatives to provide growth opportunities

Increasing government initiatives in order to generate decent income sources for the rural population and to increase spirulina production to use as natural food colors is a major factor likely to provide growth opportunities in the target industry. The government of various countries including Ghana and India are supporting spirulina as a superfood. Moreover, the banned usage of synthetic colors in food products consumed in EU countries by the European Food Safety Authority is thereby propelling the growth of the natural color market and in turn expected to boost the demand for spirulina in respective applications.

logo Challenges

  • The risk of contamination to pose a challenge for market expansion

The challenging factor associated with the growth of the spirulina market is the risk of contamination. As spirulina is extracted from freshwater, its sources are scarce and availability is in very few areas. Spirulina is a photosynthetic cyanobacterium and filamentous that grows in culture solutions. It has been manufactured commercially in open raceway ponds on a large scale. Hence, the risk of contamination is higher, and when cyanobacteria are contaminated, they can release toxins such microcystins, which can harm the liver and cause digestive problems.

logoSegmentation Analysis

  • The global spirulina market is segmented based on type, form, application, and region.

Based on type, the global market segments are Arthrospira platensis and Arthrospira maxima. Currently, the Arthrospira platensis type of spirulina is extensively used in various end-use applications owing to its higher biomass production capability and cost-effectiveness. Also, the usage of Arthrospira maxima is expected to enhance over the forecast period at a moderate growth rate due to its emerging applications in the food industry.

Based on form, the global market is segmented into powder, tablet & capsule, liquid, and gelling agent and granules. The powder form segment is expected to dominate the global market over the forecast period of time. Increasing adoption of powder form spirulina in the food industry is a major factor boosting the growth of this segment. However, tablet & capsule segment is expected to grow at a significant growth rate in the near future.

Based on application, the global market segments are nutraceutical, food & beverage, animal feed, cosmetics & spa treatment, and bio-fuel. Currently, in the global market food and beverage segment is projected to hold significant revenue share owing to worldwide acceptance of spirulina as a superfood and thereby its increased applications in food production across the globe. Further, the growth in the adoption of spirulina as natural color is likely to significantly boost its demand in food and beverage applications.

logoRecent Developments:

  • In September 2022, DIC Corporation invested approximately USD 9 Million at Earthrise and Hainan DIC in order to produce an edible blue-green algae, Spirulina, as well as the natural blue food colorant, LINABLUE. By January 2023, both plants' water emissions will be zero owing to this investment.
  • In June 2020, Fermentalg signed a multi-year technological, industrial, and commercial development agreement with the DDW to bring Blue Origins a natural colorant that outperforms spirulina, developed by Fermentalg, to market.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 410.2 Million

Projected Market Size in 2028

USD 989.6 Million

CAGR Growth Rate

11.1% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

DDW Inc., Cyanotech Corp, Parry Nutraceuticals Limited, DIC Corporation, Dongtai City Spirulina Bio-Engineering Co. Ltd., Now Health Group Inc., GNT Holding B.V., Chr. Hansen Holding A/S, Sensient Technologies Corp., Fuqing King Dnarmsa Spirulina Co. Ltd., Naturalin Bio-Resources Co. Ltd, GNC Holdings Inc., and others.

Key Segment

By Type, Form, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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logo Regional Analysis

  • North America to lead owing to shifting trends towards consumption of spirulina-based food supplements as substitute for diet

The global spirulina market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to shifting trends towards the consumption of spirulina-based food supplements as a substitute to diet, coupled with the presence of main market players in the region. Ongoing obesity problems and a rise in the geriatric population in the countries of North America especially in the United States and Canada are supporting the usage of healthy food products. For instance, as per the stats released by the United States Department of Health and Human Services, more than 70% of adults aged more than 20 are suffering from obesity issues, which is anticipated to increase the adoption of spirulina thereby resulting in the growth of the studied market in the region.

Further, the increasing focus of the National Aeronautics and Space Administration (NASA) on the development of space mission primary food is also augmenting its consumption in the region.

Asia Pacific is expected to generate significant revenues owing to changing trends toward a healthy lifestyle, availability, and increased awareness regarding spirulina-based dietary supplements in the countries of the region. Further, increasing disposable income along with growth in the use of vegan products is likely to positively enhance the growth of the studied market in the region. The growth is projected to be highest in China since there is an increase in investments toward spirulina-based food processing industries.

logo Competitive Analysis

  • DDW Inc. 
  • Cyanotech Corp 
  • Parry Nutraceuticals Limited 
  • DIC Corporation 
  • Dongtai City Spirulina Bio-Engineering Co. Ltd. 
  • Now Health Group Inc. 
  • GNT Holding B.V. 
  • Chr. Hansen Holding A/S 
  • Sensient Technologies Corp. 
  • Fuqing King Dnarmsa Spirulina Co. Ltd. 
  • Naturalin Bio-Resources Co. Ltd 
  • GNC Holdings Inc.

The global spirulina market is segmented as follows:

logoBy Type

  • Arthrospira platensis
  • Arthrospira maxima

logoBy Form

  • Powder
  • Tablet and Capsule
  • Liquid
  • Gelling agent and granules

logoBy Application

  • Nutraceutical
  • Food and beverage
  • Animal feed
  • Cosmetics and Spa treatment
  • Bio-fuel

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Table of Content

  1. Chapter 1. Preface
    1. 1.1 Report Description and Scope
  2. 1.2 Research scope
  3. 1.3 Research methodology
    1. 1.3.1 Market Research Type
    2. 1.3.2 Market research methodology
  4. Chapter 2. Executive Summary
    1. 2.1 Global Spirulina Market, (2022 - 2028) (USD Million)
  5. 2.2 Global Spirulina Market : snapshot
  6. Chapter 3. Global Spirulina Market - Industry Analysis
    1. 3.1 Spirulina Market: Market Dynamics
  7. 3.2 Market Drivers
    1. 3.2.1 Rising health and wellness trends to drive market growth during the forecast period.
    2. 3.2.2 Driver 2
  8. 3.3 Market Restraints
  9. 3.4 Market Opportunities
  10. 3.5 Market Challenges
  11. 3.6 Porter’s Five Forces Analysis
  12. 3.7 Market Attractiveness Analysis
    1. 3.7.1 Market attractiveness analysis By Type
    2. 3.7.2 Market attractiveness analysis By Form
    3. 3.7.3 Market attractiveness analysis By Application
  13. Chapter 4. Global Spirulina Market- Competitive Landscape
    1. 4.1 Company market share analysis
    2. 4.1.1 Global Spirulina Market: company market share, 2021
  14. 4.2 Strategic development
    1. 4.2.1 Acquisitions & mergers
    2. 4.2.2 New Product launches
    3. 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
    4. 4.2.4 Research and development and Regional expansion
  15. 4.3 Price trend analysis
  16. Chapter 5. Global Spirulina Market - Type Analysis
    1. 5.1 Global Spirulina Market overview: By Type
    2. 5.1.1 Global Spirulina Market share, By Type, 2021 and 2028
  17. 5.2 Arthrospira Patensis
    1. 5.2.1 Global Spirulina Market by Arthrospira Patensis, 2022 - 2028 (USD Million)
  18. 5.3 Arthrospira Maxima
    1. 5.3.1 Global Spirulina Market by Arthrospira Maxima, 2022 - 2028 (USD Million)
  19. Chapter 6. Global Spirulina Market - Form Analysis
    1. 6.1 Global Spirulina Market overview: By Form
    2. 6.1.1 Global Spirulina Market share, By Form, 2021 and 2028
  20. 6.2 Powder
    1. 6.2.1 Global Spirulina Market by Powder, 2022 - 2028 (USD Million)
  21. 6.3 Tablet and Capsule
    1. 6.3.1 Global Spirulina Market by Tablet and Capsule, 2022 - 2028 (USD Million)
  22. 6.4 Liquid
    1. 6.4.1 Global Spirulina Market by Liquid, 2022 - 2028 (USD Million)
  23. 6.5 Gelling Agent and Granules
    1. 6.5.1 Global Spirulina Market by Gelling Agent and Granules, 2022 - 2028 (USD Million)
  24. Chapter 7. Global Spirulina Market - Application Analysis
    1. 7.1 Global Spirulina Market overview: By Application
    2. 7.1.1 Global Spirulina Market share, By Application, 2021 and 2028
  25. 7.2 Nutraceutical
    1. 7.2.1 Global Spirulina Market by Nutraceutical, 2022 - 2028 (USD Million)
  26. 7.3 Food and beverage
    1. 7.3.1 Global Spirulina Market by Food and beverage, 2022 - 2028 (USD Million)
  27. 7.4 Animal Feed
    1. 7.4.1 Global Spirulina Market by Animal Feed, 2022 - 2028 (USD Million)
  28. 7.5 Cosmetics and Spa Treatment
    1. 7.5.1 Global Spirulina Market by Cosmetics and Spa Treatment, 2022 - 2028 (USD Million)
  29. 7.6 Bio-fuel
    1. 7.6.1 Global Spirulina Market by Bio-fuel, 2022 - 2028 (USD Million)
  30. Chapter 8. Spirulina Market - Regional Analysis
    1. 8.1 Global Spirulina Market Regional Overview
  31. 8.2 Global Spirulina Market Share, by Region, 2021 & 2028 (USD Million)
    1. 8.3. North America
    2. 8.3.1 North America Spirulina Market, 2022 - 2028 (USD Million)
      1. 8.3.1.1 North America Spirulina Market, by Country, 2022 - 2028 (USD Million)
  32. 8.4 North America Spirulina Market, by Type, 2022 - 2028
    1. 8.4.1 North America Spirulina Market, by Type, 2022 - 2028 (USD Million)
  33. 8.5 North America Spirulina Market, by Form, 2022 - 2028
    1. 8.5.1 North America Spirulina Market, by Form, 2022 - 2028 (USD Million)
  34. 8.6 North America Spirulina Market, by Application, 2022 - 2028
    1. 8.6.1 North America Spirulina Market, by Application, 2022 - 2028 (USD Million)
    2. 8.7. Europe
    3. 8.7.1 Europe Spirulina Market, 2022 - 2028 (USD Million)
      1. 8.7.1.1 Europe Spirulina Market, by Country, 2022 - 2028 (USD Million)
  35. 8.8 Europe Spirulina Market, by Type, 2022 - 2028
    1. 8.8.1 Europe Spirulina Market, by Type, 2022 - 2028 (USD Million)
  36. 8.9 Europe Spirulina Market, by Form, 2022 - 2028
    1. 8.9.1 Europe Spirulina Market, by Form, 2022 - 2028 (USD Million)
  37. 8.10 Europe Spirulina Market, by Application, 2022 - 2028
    1. 8.10.1 Europe Spirulina Market, by Application, 2022 - 2028 (USD Million)
    2. 8.11. Asia Pacific
    3. 8.11.1 Asia Pacific Spirulina Market, 2022 - 2028 (USD Million)
      1. 8.11.1.1 Asia Pacific Spirulina Market, by Country, 2022 - 2028 (USD Million)
  38. 8.12 Asia Pacific Spirulina Market, by Type, 2022 - 2028
    1. 8.12.1 Asia Pacific Spirulina Market, by Type, 2022 - 2028 (USD Million)
  39. 8.13 Asia Pacific Spirulina Market, by Form, 2022 - 2028
    1. 8.13.1 Asia Pacific Spirulina Market, by Form, 2022 - 2028 (USD Million)
  40. 8.14 Asia Pacific Spirulina Market, by Application, 2022 - 2028
    1. 8.14.1 Asia Pacific Spirulina Market, by Application, 2022 - 2028 (USD Million)
    2. 8.15. Latin America
    3. 8.15.1 Latin America Spirulina Market, 2022 - 2028 (USD Million)
      1. 8.15.1.1 Latin America Spirulina Market, by Country, 2022 - 2028 (USD Million)
  41. 8.16 Latin America Spirulina Market, by Type, 2022 - 2028
    1. 8.16.1 Latin America Spirulina Market, by Type, 2022 - 2028 (USD Million)
  42. 8.17 Latin America Spirulina Market, by Form, 2022 - 2028
    1. 8.17.1 Latin America Spirulina Market, by Form, 2022 - 2028 (USD Million)
  43. 8.18 Latin America Spirulina Market, by Application, 2022 - 2028
    1. 8.18.1 Latin America Spirulina Market, by Application, 2022 - 2028 (USD Million)
    2. 8.19. The Middle-East and Africa
    3. 8.19.1 The Middle-East and Africa Spirulina Market, 2022 - 2028 (USD Million)
      1. 8.19.1.1 The Middle-East and Africa Spirulina Market, by Country, 2022 - 2028 (USD Million)
  44. 8.20 The Middle-East and Africa Spirulina Market, by Type, 2022 - 2028
    1. 8.20.1 The Middle-East and Africa Spirulina Market, by Type, 2022 - 2028 (USD Million)
  45. 8.21 The Middle-East and Africa Spirulina Market, by Form, 2022 - 2028
    1. 8.21.1 The Middle-East and Africa Spirulina Market, by Form, 2022 - 2028 (USD Million)
  46. 8.22 The Middle-East and Africa Spirulina Market, by Application, 2022 - 2028
    1. 8.22.1 The Middle-East and Africa Spirulina Market, by Application, 2022 - 2028 (USD Million)
  47. Chapter 9. Company Profiles
    1. 9.1 DDW Inc.
    2. 9.1.1 Overview
    3. 9.1.2 Financials
    4. 9.1.3 Product Portfolio
    5. 9.1.4 Business Strategy
    6. 9.1.5 Recent Developments
  48. 9.2 Cyanotech Corp
    1. 9.2.1 Overview
    2. 9.2.2 Financials
    3. 9.2.3 Product Portfolio
    4. 9.2.4 Business Strategy
    5. 9.2.5 Recent Developments
  49. 9.3 Parry Nutraceuticals Limited
    1. 9.3.1 Overview
    2. 9.3.2 Financials
    3. 9.3.3 Product Portfolio
    4. 9.3.4 Business Strategy
    5. 9.3.5 Recent Developments
  50. 9.4 DIC Corporation
    1. 9.4.1 Overview
    2. 9.4.2 Financials
    3. 9.4.3 Product Portfolio
    4. 9.4.4 Business Strategy
    5. 9.4.5 Recent Developments
  51. 9.5 Dongtai City Spirulina Bio-Engineering Co. Ltd.
    1. 9.5.1 Overview
    2. 9.5.2 Financials
    3. 9.5.3 Product Portfolio
    4. 9.5.4 Business Strategy
    5. 9.5.5 Recent Developments
  52. 9.6 Now Health Group Inc.
    1. 9.6.1 Overview
    2. 9.6.2 Financials
    3. 9.6.3 Product Portfolio
    4. 9.6.4 Business Strategy
    5. 9.6.5 Recent Developments
  53. 9.7 GNT Holding B.V.
    1. 9.7.1 Overview
    2. 9.7.2 Financials
    3. 9.7.3 Product Portfolio
    4. 9.7.4 Business Strategy
    5. 9.7.5 Recent Developments
  54. 9.8 Chr. Hansen Holding A/S
    1. 9.8.1 Overview
    2. 9.8.2 Financials
    3. 9.8.3 Product Portfolio
    4. 9.8.4 Business Strategy
    5. 9.8.5 Recent Developments
  55. 9.9 Sensient Technologies Corp.
    1. 9.9.1 Overview
    2. 9.9.2 Financials
    3. 9.9.3 Product Portfolio
    4. 9.9.4 Business Strategy
    5. 9.9.5 Recent Developments
  56. 9.10 Fuqing King Dnarmsa Spirulina Co. Ltd.
    1. 9.10.1 Overview
    2. 9.10.2 Financials
    3. 9.10.3 Product Portfolio
    4. 9.10.4 Business Strategy
    5. 9.10.5 Recent Developments
  57. 9.11 Naturalin Bio-Resources Co. Ltd
    1. 9.11.1 Overview
    2. 9.11.2 Financials
    3. 9.11.3 Product Portfolio
    4. 9.11.4 Business Strategy
    5. 9.11.5 Recent Developments
  58. 9.12 GNC Holdings Inc.
    1. 9.12.1 Overview
    2. 9.12.2 Financials
    3. 9.12.3 Product Portfolio
    4. 9.12.4 Business Strategy
    5. 9.12.5 Recent Developments

    List of Figures

     
    1. Market research Type 
    2. Market research methodology 
    3. Global Spirulina Market, 2022 - 2028 (USD Million) 
    4. Porter’s Five Forces Analysis 
    5. Global Spirulina Market attractiveness, By Type 
    6. Global Spirulina Market attractiveness, By Form 
    7. Global Spirulina Market attractiveness, By Application 
    8. Global Spirulina Market share by Type, 2022 and 2028 (USD Million) 
    9. Global Spirulina Market by Arthrospira Patensis, 2022 - 2028 (USD Million) 
    10. Global Spirulina Market by Arthrospira Maxima, 2022 - 2028 (USD Million) 
    11. Global Spirulina Market share by Form, 2022 and 2028 (USD Million) 
    12. Global Spirulina Market by Powder, 2022 - 2028 (USD Million) 
    13. Global Spirulina Market by Tablet and Capsule, 2022 - 2028 (USD Million) 
    14. Global Spirulina Market by Liquid, 2022 - 2028 (USD Million) 
    15. Global Spirulina Market by Gelling Agent and Granules, 2022 - 2028 (USD Million) 
    16. Global Spirulina Market share by Application, 2022 and 2028 (USD Million) 
    17. Global Spirulina Market by Nutraceutical, 2022 - 2028 (USD Million) 
    18. Global Spirulina Market by Food and beverage, 2022 - 2028 (USD Million) 
    19. Global Spirulina Market by Animal Feed, 2022 - 2028 (USD Million) 
    20. Global Spirulina Market by Cosmetics and Spa Treatment, 2022 - 2028 (USD Million) 
    21. Global Spirulina Market by Bio-fuel, 2022 - 2028 (USD Million) 
    22. Global Spirulina Market share, by Region, 2022 and 2028 
    23. North America Spirulina Market, 2022 - 2028 (USD Million) 
    24. Europe Spirulina Market, 2022 - 2028 (USD Million) 
    25. Asia Pacific Spirulina Market, 2022 - 2028 (USD Million) 
    26. Latin America Spirulina Market, 2022 - 2028 (USD Million) 
    27. The Middle-East and Africa Spirulina Market, 2022 - 2028 (USD Million) 
    

    List of Tables

     
    1. Global Spirulina Market: Snapshot 
    2. Drivers of the Spirulina Market: impact analysis 
    3. North America Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    4. North America Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    5. North America Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    6. U.S. Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    7. U.S. Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    8. U.S. Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    9. Canada Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    10. Canada Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    11. Canada Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    12. Europe Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    13. Europe Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    14. Europe Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    15. Germany Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    16. Germany Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    17. Germany Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    18. France Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    19. France Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    20. France Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    21. U.K. Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    22. U.K. Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    23. U.K. Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    24. Italy Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    25. Italy Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    26. Italy Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    27. Spain Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    28. Spain Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    29. Spain Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    30. Rest of Europe Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    31. Rest of Europe Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    32. Rest of Europe Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    33. Asia Pacific Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    34. Asia Pacific Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    35. Asia Pacific Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    36. China Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    37. China Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    38. China Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    39. Japan Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    40. Japan Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    41. Japan Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    42. India Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    43. India Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    44. India Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    45. South Korea Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    46. South Korea Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    47. South Korea Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    48. South-East Asia Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    49. South-East Asia Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    50. South-East Asia Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    51. Rest of Asia Pacific Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    52. Rest of Asia Pacific Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    53. Rest of Asia Pacific Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    54. Latin America Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    55. Latin America Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    56. Latin America Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    57. Brazil Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    58. Brazil Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    59. Brazil Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    60. Mexico Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    61. Mexico Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    62. Mexico Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    63. Rest of Latin America Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    64. Rest of Latin America Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    65. Rest of Latin America Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    66. The Middle-East and Africa Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    67. The Middle-East and Africa Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    68. The Middle-East and Africa Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    69. GCC Countries Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    70. GCC Countries Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    71. GCC Countries Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    72. South Africa Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    73. South Africa Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    74. South Africa Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    75. Rest of Middle-East Africa Spirulina Market revenue, By Type, 2022 - 2028 (USD Million) 
    76. Rest of Middle-East Africa Spirulina Market revenue, By Form, 2022 - 2028 (USD Million) 
    77. Rest of Middle-East Africa Spirulina Market revenue, By Application, 2022 - 2028 (USD Million) 
    

Industry Major Market Players

  • DDW Inc. 
  • Cyanotech Corp 
  • Parry Nutraceuticals Limited 
  • DIC Corporation 
  • Dongtai City Spirulina Bio-Engineering Co. Ltd. 
  • Now Health Group Inc. 
  • GNT Holding B.V. 
  • Chr. Hansen Holding A/S 
  • Sensient Technologies Corp. 
  • Fuqing King Dnarmsa Spirulina Co. Ltd. 
  • Naturalin Bio-Resources Co. Ltd 
  • GNC Holdings Inc.