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Spirulina Market by Type (Arthrospira Platensis and Arthrospira Maxima), Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), and Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent): Global Opportunity Analysis and Industry Forecast, 2020–2027

A03875
Pages: 246
Apr 2021 | 22730 Views
 
Author(s) : Ravi Telugunta, Sumitra
Tables: 134
Charts: 50
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Spirulina Market Overview:

The global spirulina market was valued at $393.6 million in 2019, and is projected to reach $897.61 million by 2027, registering a CAGR of 10.5% from 2020 to 2027.  

The highly nutritional and ecofriendly Spirulina (Arthrospira platensis) has hypolipidemic, hypoglycemic, and antihypertensive properties. Spirulina contains functional compounds, such as phenolics, phycocyanins, and polysaccharides, with antioxidant, anti-inflammatory, and immunostimulating effects. In addition, Spirulina processing products are employed in agriculture, food industry, pharmaceutics, perfumery, and medicine. The use of spirulina in food can bring benefits to human health owing to its chemical composition, since it has high levels of vitamins, minerals, phenolics, essential fatty acids, amino acids, and pigments. Thus, spirulina plays an important role in this scenario.

Spirulina-Market,-2020-2027

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Increase in demand for natural ingredient and R&D investments in commercial spirulina products are the major factors that drive the market growth. Further, promotion of the production of spirulina by government boosts the market growth. However, impact on spirulina production due to climate change hampers the growth of the market. Nevertheless, untapped markets in the developing countries and ease of spirulina cultivation due to technology development are the factors expected to foster the market growth during the forecast period.  

Spirulina Market
By Type

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Arthrospira Platensis segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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The COVID-19 has fostered the growth of the spirulina market attributed to the need of nutritional attention and vitamins as a potential remedy against the COVID-19 virus. Thus, researchers have drawn attention toward possible role of algae in delaying the onset of COVID-19. In addition, seaweed’s potential to fight COVID-19 is recognized in many research studies carried out by the organizations such as the World Health Organization (WHO), thereby creating ample room to rebalance the seaweed industry.

Global Spirulina Market Segmentation  

The spirulina market is segmented into type, application, formulation, and region. By type, the market is bifurcated into Arthrospira Platensis and Arthrospira Platensis. By application, it is categorized into nutraceuticals, cosmetics, food & beverages, agriculture, feed, and others. By drug formulation, it is categorized into powder, tablet & capsule, liquid, and granule & gelling agent. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Spirulina Market
By Application

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Nutraceuticals segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Segment Review

By product type, the market is bifurcated into Arthrospira Platensis and Arthrospira Platensis. The Arthrospira Platensis segment held a dominant market share in 2019 and is anticipated to maintain its position during the forecast period. This is attributed to different factors such as surge in healthcare awareness and incorporation of spirulina in diets as super food globally.

By application, the nutraceuticals sector accounted for the substantial market share in 2019. This is attributable to the rise in concern regarding nutrition and health and increase in preference for natural alternatives to traditional pharmaceutical products. Spirulina is also largely used in the food & beverage sector as it has a high content of natural pigments that impart blue color and is combined with other colors to obtain new customized colors such as lavender, violet, and green. Spirulina also finds its major application in the cosmetic & personal care industry. It is mainly used in cosmetic & personal care products especially for the anti-aging products.

Spirulina Market
By Formulation

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Powder segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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By region, North America is expected to remain dominant throughout the forecast period due to its well-developed healthcare industry, presence of leading manufacturers in the region, high adoption rate of spirulina, and increase in demand for naturally derived food coloring agents in the region. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, as it offers lucrative opportunities for the market players due to significant growth of the food processing industry in the region.

Prominent players operating in the global spirulina market include Cyanotech Corporation DIC Corporation, Cabassi & Giuriati SpA, DDW, DÖHLER GmbH, Dongtai City Spirulina Bio-engineering Co., Ltd., Echlorial, E.I.D. Parry Limited, Givaudan international SA, Prolgae Spirulina Supplies Pvt. Ltd., Dongtai City Spirulina Bio-engineering Co., Ltd., Algenol Biofuels Inc., Pond Technologies Inc, and Sensient Technologies Corporation. These players are adopting growth strategies such as product launches, mergers & acquisitions, product developments, and partnerships & collaborations to gain competitive advantage in the market.

Spirulina Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

North America was holding a dominant position in 2019 and would continue to maintain the lead over the analysis period.

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Key Benefits For Stakeholders

  • This report entails a detailed quantitative analysis along with the current and future global spirulina market trends from 2019 to 2027 to identify the prevailing opportunities along with strategic assessment.
  • The spirulina market forecast is studied from 2020 to 2027. 
  • The spirulina market size and estimations are based on a comprehensive analysis of key developments in the industry.
  • Qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the spirulina market.

Key Market Segments

By Type

  • Arthrospira Platensis
  • Arthrospira Maxima

By Application

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

By Formulation

  • Powder
  • Tablet & Capsule
  • Liquid
  • Granule & Gelling Agent

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Parent Market Overview
3.3.Key Forces Shaping Spirulina Market

3.3.1.Moderate bargaining power of suppliers
3.3.2.High bargaining power of buyers
3.3.3.High threat of new entrants
3.3.4.Moderate threat of substitutes
3.3.5.High intensity of rivalry

3.4.Pricing Analysis

3.4.1.Pricing Analysis, By Region, 2019 & 2027

3.5.Market evolution/Industry roadmap
3.6.Patent Analysis

3.6.1.By Region (2012-2020)
3.6.2.By Applicant
3.6.3.By Year

3.7.Market share analysis
3.8.Value Chain Analysis
3.9.Impact of government regulations on the global spirulina market
3.10.Industry pain point analysis
3.11.Case Studies

3.11.1.Case Study

3.12.Market trends

3.12.1.U.S.
3.12.2.China

3.13.False perception on the use of spirulina
3.14.How the companies have reacted to the negative information
3.15.Marketing strategies for production segments
3.16.Trends for consumption in distinct European market
3.17.Use of spirulina for animal feeding
3.18.Market dynamics

3.18.1.Drivers

3.18.1.1.Increase in demand for natural ingredient
3.18.1.2.Promotion of the production of spirulina by government
3.18.1.3.R&D of spirulina as commercial products

3.18.2.Restraints

3.18.2.1.Impact on spirulina production due to climate change

3.18.3.Opportunities

3.18.3.1.Untapped markets in the developing countries
3.18.3.2.Easy to cultivate due to development in cultivation technology

3.19.Impact Analysis of COVID-19 on Spirulina Market

CHAPTER 4:SPIRULINA MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast, by consumption side
4.1.2.Market size and forecast, by production side

4.2.Arthrospira Platensis

4.2.1.Key market trends and opportunities
4.2.2.Market size and forecast, by consumption side
4.2.3.Market size and forecast, by production side
4.2.4.Market analysis, by country

4.3.Arthrospira maxima

4.3.1.Key market trends and opportunities
4.3.2.Market size and forecast, by consumption side
4.3.3.Market size and forecast, by Production side
4.3.4.Market analysis, by country

CHAPTER 5:SPIRULINA MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast, by consumption side
5.1.2.Market size and forecast, by production side

5.2.Nutraceuticals

5.2.1.Key market trends and opportunities
5.2.2.Market size and forecast, by consumption side
5.2.3.Market size and forecast, by production side
5.2.4.Market analysis, by country

5.3.Cosmetics

5.3.1.Key market trends and opportunities
5.3.2.Market size and forecast, by consumption side
5.3.3.Market size and forecast, by production side
5.3.4.Market analysis, by country

5.4.Food & beverages

5.4.1.Key market trends and opportunities
5.4.2.Market size and forecast, by consumption side
5.4.3.Market size and forecast, by production side
5.4.4.Market analysis, by country

5.5.Animal Feed

5.5.1.Key market trends and opportunities
5.5.2.Market size and forecast, by consumption side
5.5.3.Market size and forecast, by production side
5.5.4.Market analysis, by country

5.6.Other Applications

5.6.1.Key market trends and opportunities
5.6.2.Market size and forecast, by consumption side
5.6.3.Market size and forecast, by production side
5.6.4.Market analysis, by country

CHAPTER 6:SPIRULINA MARKET, BY FORMULATION

6.1.Overview

6.1.1.Market size and forecast, by consumption side
6.1.2.Market size and forecast, by production side

6.2.Powder

6.2.1.Key market trends and opportunities
6.2.2.Market size and forecast, by consumption side
6.2.3.Market size and forecast, by production side
6.2.4.Market analysis, by country

6.3.Tablet & capsule

6.3.1.Key market trends and opportunities
6.3.2.Market size and forecast, by consumption side
6.3.3.Market size and forecast, by production side
6.3.4.Market analysis, by country

6.4.Liquid

6.4.1.Key market trends and opportunities
6.4.2.Market size and forecast, by consumption side
6.4.3.Market size and forecast, by production side
6.4.4.Market analysis, by country

6.5.Granule & gelling agent

6.5.1.Key market trends and opportunities
6.5.2.Market size and forecast, by consumption side
6.5.3.Market size and forecast, by production side
6.5.4.Market analysis, by country

CHAPTER 7:SPIRULINA MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast
7.1.2.Market size and forecast, by production side

7.2.North America

7.2.1.Key market trends and opportunities
7.2.2.North America market size and forecast, by type
7.2.3.North America market size and forecast, by application
7.2.4.North America market size and forecast, by formulation
7.2.5.North America market size and forecast, by country

7.2.5.1.U.S. market size and forecast, by type
7.2.5.2.U.S. market size and forecast, by application
7.2.5.3.U.S. market size and forecast, by formulation
7.2.5.4.Canada market size and forecast, by type
7.2.5.5.Canada market size and forecast, by application
7.2.5.6.Canada market size and forecast, by formulation
7.2.5.7.Mexico market size and forecast, by type
7.2.5.8.Mexico market size and forecast, by application
7.2.5.9.Mexico market size and forecast, by formulation

7.3.Europe

7.3.1.Key market trends and opportunities
7.3.2.Europe market size and forecast, by type
7.3.3.Europe market size and forecast, by application
7.3.4.Europe market size and forecast, by formulation
7.3.5.Europe market size and forecast, by country

7.3.5.1.Germany market size and forecast, by type
7.3.5.2.Germany market size and forecast, by application
7.3.5.3.Germany market size and forecast, by formulation
7.3.5.4.France market size and forecast, by type
7.3.5.5.France market size and forecast, by application
7.3.5.6.France market size and forecast, by formulation
7.3.5.7.UK market size and forecast, by type
7.3.5.8.UK market size and forecast, by application
7.3.5.9.UK market size and forecast, by formulation
7.3.5.10.Italy market size and forecast, by type
7.3.5.11.Italy market size and forecast, by application
7.3.5.12.Italy market size and forecast, by formulation
7.3.5.13.Spain market size and forecast, by type
7.3.5.14.Spain market size and forecast, by application
7.3.5.15.Spain market size and forecast, by formulation
7.3.5.16.Rest of Europe market size and forecast, by type
7.3.5.17.Rest of Europe market size and forecast, by application
7.3.5.18.Rest of Europe market size and forecast, by formulation

7.4.Asia-Pacific

7.4.1.Key market trends and opportunities
7.4.2.Asia-Pacific market size and forecast, by type
7.4.3.Asia-Pacific market size and forecast, by application
7.4.4.Asia-Pacific market size and forecast, by formulation
7.4.5.Asia-Pacific market size and forecast, by country

7.4.5.1.Japan market size and forecast, by type
7.4.5.2.Japan market size and forecast, by application
7.4.5.3.Japan market size and forecast, by formulation
7.4.5.4.China market size and forecast, by type
7.4.5.5.China market size and forecast, by application
7.4.5.6.China market size and forecast, by formulation
7.4.5.7.India market size and forecast, by type
7.4.5.8.India market size and forecast, by application
7.4.5.9.India market size and forecast, by formulation
7.4.5.10.Australia market size and forecast, by type
7.4.5.11.Australia market size and forecast, by application
7.4.5.12.Australia market size and forecast, by formulation
7.4.5.13.Rest of Asia-Pacific market size and forecast, by type
7.4.5.14.Rest of Asia-Pacific market size and forecast, by application
7.4.5.15.Rest of Asia-Pacific market size and forecast, by formulation

7.5.LAMEA

7.5.1.Key market trends and opportunities
7.5.2.LAMEA market size and forecast, by application
7.5.3.LAMEA market size and forecast, by formulation
7.5.4.LAMEA market size and forecast, by country

7.5.4.1.Brazil market size and forecast, by type
7.5.4.2.Brazil market size and forecast, by application
7.5.4.3.Brazil market size and forecast, by formulation
7.5.4.4.South Africa market size and forecast, by type
7.5.4.5.South Africa market size and forecast, by application
7.5.4.6.South Africa market size and forecast, by formulation
7.5.4.7.Rest of LAMEA market size and forecast, by type
7.5.4.8.Rest of LAMEA market size and forecast, by application
7.5.4.9.Rest of LAMEA market size and forecast, by formulation

CHAPTER 8:COMPANY PROFILES

8.1.ALGENOL BIOFUELS INC.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio

8.2.CABASSI & GIURIATI SPA

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments

8.3.CYANOTECH CORPORATION

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.DDW INC.

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio

8.5.DIC CORPORATION

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance

8.6.DÖHLER GmbH

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio

8.7.DONGTAI CITY SPIRULINA BIO-ENGINEERING CO, LTD.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio

8.8.ECHLORIAL

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio

8.9.E.I.D. PARRY LIMITED

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance

8.10.GIVAUDAN INTERNATIONAL SA

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance

8.11.PROLGAE SPIRULINA SUPPLIES PVT. LTD.

8.11.1.Company overview
8.11.2.Company snapshot
8.11.3.Operating business segments
8.11.4.Product portfolio

8.12.POND TECHNOLOGIES INC.

8.12.1.Company overview
8.12.2.Company snapshot
8.12.3.Operating business segments
8.12.4.Product portfolio

8.13.SENSIENT TECHNOLOGIES CORPORATION

8.13.1.Company overview
8.13.2.Company snapshot
8.13.3.Operating business segments
8.13.4.Product portfolio
8.13.5.Business performance

LIST OF TABLES

TABLE 01.CASE STUDY D
TABLE 02.GLOBAL SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027($MILLION)
TABLE 03.GLOBAL SPIRULINA MARKET, BY TYPE, BY PRODUCTION SIDE, 2019–2027($MILLION)
TABLE 04.SPIRULINA MARKET FOR ARTHROSPIRA PLATENSIS, BY REGION, BY CONSUMPTION SIDE, 2019–2027($MILLION)
TABLE 05.SPIRULINA MARKET FOR ARTHROSPIRA MAXIMA, BY REGION, BY CONSUMPTION SIDE, 2019–2027($MILLION)
TABLE 06.GLOBAL SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 07.GLOBAL SPIRULINA MARKET, BY APPLICATION, BY PRODUCTION SIDE, 2019–2027, ($MILLION)
TABLE 08.SPIRULINA MARKET FOR NUTRACEUTICALS, BY CONSUMPTION SIDE, BY REGION, 2019–2027, ($MILLION)
TABLE 09.SPIRULINA MARKET FOR COSMETICS, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 10.SPIRULINA MARKET FOR FOOD & BEVERAGES, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 11.SPIRULINA MARKET FOR ANIMAL FEED, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 12.SPIRULINA MARKET FOR OTHER APPLICATIONS, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 13.GLOBAL SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 14.GLOBAL SPIRULINA MARKET, BY FORMULATION, BY PRODUCTION SIDE, 2019–2027, ($MILLION)
TABLE 15.SPIRULINA MARKET FOR POWDER, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 16.SPIRULINA MARKET FOR TABLET & CAPSULE, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 17.SPIRULINA MARKET FOR LIQUID, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 18.SPIRULINA MARKET FOR GRANULE & GELLING AGENT, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 19.SPIRULINA MARKET, BY REGION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 20.SPIRULINA MARKET, BY REGION, BY CONSUMPTION SIDE, 2019–2027, (TONS)
TABLE 21.SPIRULINA MARKET, BY REGION, BY PRODUCTION SIDE, 2019–2027, ($MILLION)
TABLE 22.NORTH AMERICA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 23.NORTH AMERICA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 24.NORTH AMERICA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 25.NORTH AMERICA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 26.NORTH AMERICA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, (TONS)
TABLE 27.NORTH AMERICA SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2019–2027, ($MILLION)
TABLE 28.U.S. SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 29.U.S. SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 30.U.S. SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 31.CANADA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 32.CANADA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 33.CANADA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 34.MEXICO SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 35.MEXICO SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 36.MEXICO SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 37.EUROPE SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 38.EUROPE SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 39.EUROPE SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 40.EUROPE SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 41.EUROPE SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, (TONS)
TABLE 42.EUROPE SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2019–2027, ($MILLION)
TABLE 43.GERMANY SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 44.GERMANY SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 45.GERMANY SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 46.FRANCE SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 47.FRANCE SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 48.FRANCE SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 49.UK SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 50.UK SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 51.UK SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 52.ITALY SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 53.ITALY SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 54.ITALY SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 55.SPAIN SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 56.SPAIN SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 57.SPAIN SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 58.REST OF EUROPE SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 59.REST OF EUROPE SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 60.REST OF EUROPE SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 61.ASIA-PACIFIC SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 62.ASIA-PACIFIC SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 63.ASIA-PACIFIC SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 64.ASIA-PACIFIC SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 65.ASIA-PACIFIC SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, (TONS)
TABLE 66.ASIA-PACIFIC SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2019–2027, ($MILLION)
TABLE 67.JAPAN SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 68.JAPAN SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 69.JAPAN SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 70.CHINA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 71.CHINA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 72.CHINA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 73.INDIA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 74.INDIA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 75.INDIA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 76.AUSTRALIA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 77.AUSTRALIA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 78.AUSTRALIA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 79.REST OF ASIA-PACIFIC SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 80.REST OF ASIA-PACIFIC SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 81.REST OF ASIA-PACIFIC SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 82.LAMEA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 83.LAMEA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 84.LAMEA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 85.LAMEA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 86.LAMEA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2019–2027, (TONS)
TABLE 87.LAMEA SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2019–2027, ($MILLION)
TABLE 88.BRAZIL SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 89.BRAZIL SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 90.BRAZIL SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 91.SOUTH AFRICA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 92.SOUTH AFRICA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 93.SOUTH AFRICA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 94.REST OF LAMEA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 95.REST OF LAMEA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 96.REST OF LAMEA SPIRULINA MARKET, BY FORMULATION, BY CONSUMPTION SIDE, 2019–2027, ($MILLION)
TABLE 97.ALGENOL: COMPANY SNAPSHOT
TABLE 98.ALGENOL: OPERATING SEGMENTS
TABLE 99.ALGENOL: PRODUCT PORTFOLIO
TABLE 100.CABASSI & GIURIATI: COMPANY SNAPSHOT
TABLE 101.CABASSI & GIURIATI: OPERATING SEGMENTS
TABLE 102.CYANOTECH: COMPANY SNAPSHOT
TABLE 103.CYANOTECH: OPERATING SEGMENTS
TABLE 104.CYANOTECH: PRODUCT PORTFOLIO
TABLE 105.DDW INC: COMPANY SNAPSHOT
TABLE 106.DDW INC: OPERATING SEGMENTS:
TABLE 107.DDW INC: PRODUCT PORTFOLIO
TABLE 108.DIC: COMPANY SNAPSHOT
TABLE 109.DIC: OPERATING SEGMENTS
TABLE 110.DIC: PRODUCT PORTFOLIO
TABLE 111.DÖHLER: COMPANY SNAPSHOT
TABLE 112.DÖHLER: OPERATING SEGMENTS
TABLE 113.DÖHLER: PRODUCT PORTFOLIO
TABLE 114.DONGTAI: COMPANY SNAPSHOT
TABLE 115.DONGTAI: OPERATING SEGMENTS
TABLE 116.DONGTAI: PRODUCT PORTFOLIO
TABLE 117.ECHLORIAL: COMPANY SNAPSHOT
TABLE 118.ECHLORIAL: OPERATING SEGMENTS
TABLE 119.ECHLORIAL PRODUCT PORTFOLIO
TABLE 120.PARRY: COMPANY SNAPSHOT
TABLE 121.PARRY: OPERATING SEGMENTS
TABLE 122.PARRY: PRODUCT PORTFOLIO
TABLE 123.GIVAUDAN: COMPANY SNAPSHOT
TABLE 124.GIVAUDAN: OPERATING SEGMENTS
TABLE 125.GIVAUDAN: PRODUCT PORTFOLIO
TABLE 126.PROLGAE: COMPANY SNAPSHOT
TABLE 127.PROLGAE: OPERATING SEGMENTS
TABLE 128.PROLGAE SPIRULINA SUPPLIES PVT. LTD: PRODUCT PORTFOLIO
TABLE 129.POND TECHNOLOGIES INC: COMPANY SNAPSHOT
TABLE 130.POND TECHNOLOGIES INC: OPERATING SEGMENTS
TABLE 131.POND TECHNOLOGIES INC: PRODUCT PORTFOLIO
TABLE 132.SENSIENT: COMPANY SNAPSHOT
TABLE 133.SENSIENT: OPERATING SEGMENTS
TABLE 134.SENSIENT: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.TOP INVESTMENT POCKETS, 2019
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.HIGH BARGAINING POWER OF BUYERS
FIGURE 04.HIGH THREAT OF NEW ENTRANTS
FIGURE 05.MODERATE THREAT OF SUBSTITUTES
FIGURE 06.HIGH INTENSITY OF RIVALRY
FIGURE 07.PRICING ANALYSIS, BY REGION, 2019 & 2027
FIGURE 08.PATENT ANALYSIS, BY REGION
FIGURE 09.PATENT ANALYSIS, BY APPLICANT
FIGURE 10.PATENT ANALYSIS, BY YEAR
FIGURE 11.MARKET SHARE ANALYSIS, 2019
FIGURE 12.VALUE CHAIN ANALYSIS
FIGURE 13.INDUSTRY PAIN POINT ANALYSIS
FIGURE 14.GLOBAL SPIRULINA MARKET FOR ARTHROSPIRA PLATENSIS, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR ARTHROSPIRA PLATENSIS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 16.GLOBAL SPIRULINA MARKET FOR ARTHROSPIRA MAXIMA, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR ARTHROSPIRA MAXIMA, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.GLOBAL SPIRULINA MARKET FOR NUTRACEUTICALS, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR NUTRACEUTICALS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.GLOBAL SPIRULINA MARKET FOR COSMETICS, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR COSMETICS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.GLOBAL SPIRULINA MARKET FOR FOOD & BEVERAGES, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR FOOD & BEVERAGES, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24.GLOBAL SPIRULINA MARKET FOR ANIMAL FEED, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR ANIMAL FEED, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.GLOBAL SPIRULINA MARKET FOR OTHER SPIRULINA, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR OTHER APPLICATIONS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 28.GLOBAL SPIRULINA MARKET FOR POWDER, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR POWDER, BY COUNTRY, 2019 & 2027 (%)
FIGURE 30.GLOBAL SPIRULINA MARKET FOR TABLET & CAPSULE, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR TABLET & CAPSULE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 32.GLOBAL SPIRULINA MARKET FOR LIQUID, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR LIQUID, BY COUNTRY, 2019 & 2027 (%)
FIGURE 34.GLOBAL SPIRULINA MARKET FOR GRANULE & GELLING, BY PRODUCTION SIDE, 2019-2027($MILLION)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR GRANULE & GELLING AGENT, BY COUNTRY,  2019 & 2027 (%)
FIGURE 36.CYANOTECH: NET SALES, 2018–2020 ($MILLION)
FIGURE 37.CYANOTECH: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 38.CYANOTECH: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 39.DIC: NET SALES, 2017–2019 ($MILLION)
FIGURE 40.DIC: REVENUE SHARE BY PRODUCT, 2019 (%)
FIGURE 41.DIC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 42.PARRY: NET SALES, 2018–2020 ($MILLION)
FIGURE 43.PARRY: REVENUE SHARE BY PRODUCT, 2020 (%)
FIGURE 44.PARRY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 45.GIVAUDAN: NET SALES, 2018–2020 ($MILLION)
FIGURE 46.GIVAUDAN: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 47.GIVAUDAN: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 48.SENSIENT: NET SALES, 2018–2020 ($MILLION)
FIGURE 49.SENSIENT: REVENUE SHARE BY PRODUCT, 2020 (%)
FIGURE 50.SENSIENT: REVENUE SHARE BY REGION, 2020 (%)

 
 

The food & beverages industry has slowly started phasing out artificial colors due to rise in safety concerns and increase in demand for natural colors. Spirulina is considered to be one of the popular natural food colors among the food & beverage manufacturers. The primary pigment in spirulina is a protein called phycocyanin that imparts a vibrant blue color. In addition, it can be combined with other colors to make customized colors such as green and lavender or violet shades, which makes it ideal for usage in various food & beverages products.

Spirulina comprises high antioxidant, hypolipidemic, beta-carotene, and anti-inflammatory properties. It offers health benefits such as reduced cholesterol and blood pressure owing to exceptional properties. Growth in penetration of spirulina in the cosmetics and pharmaceutical industries is further expected to fuel the growth of the market during the forecast period.

North America was the leading revenue contributor to the global spirulina market in 2019 and is expected to remain dominant throughout the forecast period. This is attributed to its increase in demand for naturally derived food coloring agents in the region. However, Asia-Pacific is expected to grow at the highest CAGR during the study period, as it offers lucrative opportunities for the market players owing to favorable production environment for the spirulina processing industry in the region.

 
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A. The total market value of Spirulina is $393.6 million in 2019

A. The forecast period in the report is from 2020 to 2027

A. The market value of Spirulina in 2020 was $446.74 Million

A. The base year for the report is 2019

A. Yes, the companies with Spirulina products are profiled in the report

A. The top companies that hold the market share in Spirulina are Cyanotech Corporation, DIC Corporation, Dongtai City Spirulina Bio-engineering Co., Ltd., Algenol Biofuels Inc., Prolgae, Sensient Technologies Corporation, Parry Nutraceuticals, DDW Inc., Naturex S.A., and Algatec.

A. Yes, value chain analysis is provided in the Spirulina report

A. The key trends in the Spirulina are increase in demand for natural ingredients, and R&D of spirulina commercial products.

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