Spirulina Market
                     Spirulina Market: Segmentation, Opportunities, Trends & Future Scope to 2026
Global Spirulina Market - Insights
Spirulina is a nutritional supplement, majorly obtained from the two species of cyanobacteria, 
including arthrospira maxima and arthrospira platensis. Spirulina is defined as a type of algae 
that grows naturally in the alkaline waters of lakes, ponds, and rivers in warm regions. Spirulina 
is associated with high nutritional value, including vitamins A, C, E, and B12, and minerals, 
protein, carbohydrates, and essential lipids. Arthrospira is used in dietary supplements, as whole 
food, and is available in varied forms such as capsules, tablets, flakes, powder, and liquids. 
Furthermore, spirulina is extensively used as a feed supplement in aquaculture, aquariums, and 
poultry industries.
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Growing awareness regarding the health benefits of spirulina super food among consumers and 
wide variety of natural colors produced by spirulina are the major factors propelling growth of 
the spirulina market. Furthermore, the government of countries such as India, Ghana, and Angola
are promoting the production of spirulina, considering its health benefits, thus strengthening this 
market. Spirulina comprises high anti-oxidant, hypolipidemic, beta-carotene, and anti-
inflammatory properties. Owing to exceptional properties, spirulina offers health benefits including
reduced cholesterol and blood pressure. Growing penetration of spirulina in the cosmetics and 
pharmaceutical industries is further expected to propel tremendous growth to this market during 
the forecast period (2017 – 2025).
However, lower stability of natural colors derived from spirulina as compared to synthetic colors 
is considered as a threat against market growth. These natural colors have poor sustainability 
against the effect of light, thereby changing its color easily.
In terms of revenue, Europe held a dominant position in the market in 2016, accounting for 
32.00% share in the global market for spirulina. Growth of the market in the region is attributed 
to the increasing demand for naturally derived food coloring agents in the region. Furthermore, in
2014, the European Food Safety Authority (EFSA) has lowered the acceptable daily intake for 
synthetic food color, including sunset yellow FCF (E110), ponceau 4R (E124), and quinolone 
yellow (E104). This in turn, increased the demand for natural food colors in the region, thus 
supporting growth of the spirulina market. As spirulina has a high content of a natural pigments 
that imparts blue color and is combined with other colors, in order to obtain new customized 
colors such as lavender, violet, and green. However, the blue spirulina color is used extensively 
in the food and beverages industry and is the most popular natural food color in the region.
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Asia Pacific is expected to be the fastest growing market for spirulina, witnessing highest CAGR 
of 14.48%, owing to robust growth of the food processing industry in the region. Furthermore, 
growing demand for spirulina powder among vegetarian consumers is another factor fueling 
growth of this market, as spirulina is a 100% vegetarian dietary supplement. According to the 
Food and Agriculture Organization of the United Nations, India recorded the lowest rate of meat 
consumption in the world in 2007, which is due to the large number of vegetarian demographics,
residing in India. Rapidly growing aquaculture in the region is expected to fuel the spirulina 
market during the forecast period, owing to the extensive consumption of spirulina in aquatic 
farming and hatchery. According to the Food and Agriculture Organization of the United Nations 
(FAO), the aquaculture in Asia Pacific has recorded an appreciable growth in the past three 
decades and in 2014. Owing to this, Asia Pacific was projected as the key supplier to the global 
seafood trade, with Asian aquaculture being the major contributor in the traded seafood 
commodities. This fully fledged aquaculture in the region is in turn boosting growth of the 
spirulina market.
On the basis of form, the global spirulina market is segmented into powder, tablets/capsules, 
liquids, and granules. The powder segment held a dominant position, in terms of volume, in 2016
due to its ease of application as compared to the liquid form. The segment is expected to 
maintain its dominance during the forecast period, witnessing highest CAGR among others. 
Furthermore, the tablets and capsules segment is expected to be the second largest segment 
during the forecast period.
Major players operating in the spirulina market are Sensient Technologies Corporation, Algaetech 
International Sdn Bhd, DDW The Color House, Algene Biotech, Chr. Hansen Holding A/S, 
Cyanotech Corporation, DIC Corporation, Fuqing King Dnarmsa Spirulina Co. Ltd, and Sunrise 
Nutrachem Group Co. Ltd.
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