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Spirulina Market by Type (Arthrospira Platensis and Arthrospira Maxima), Application (Nutraceuticals, Cosmetics, Food & Beverages, Animal Feed, and Others), and Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent): Global Opportunity Analysis and Industry Forecast, 2019–2026

LI_184222
Pages: 210
Sep 2019 | 7090 Views
 
Author(s) : Tenzin Kunsel , Onkar Sumant
Tables: 123
Charts: 54
 

Spirulina Market Outlook - 2026

The global spirulina market size was $348 million in 2018, and is projected to reach $779 million by 2026, growing at a CAGR of 10.5% from 2019 to 2026. Spirulina is multicellular and filamentous blue-green microalgae that grow naturally in the alkaline waters of lakes, ponds, and rivers in warm regions. These microalgae can be harvested and processed easily and have significantly high macro- and micronutrient contents. Owing to the use of spirulina as protein supplement and as human health food, it has gained considerable popularity in the human health food industry and in many developing and under-developed countries such as India and Africa, where there is prevalence of malnutrition. These microalgae can also be used as a complementary dietary ingredient of feed for poultry and are increasingly being used as a protein and vitamin supplement for fishes. 

Spirulina Market

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Spirulina is among the oldest life forms on Earth responsible for producing oxygen in the planet's atmosphere. It is termed as a superfood and one of the most nutrient-rich foods on Earth. It contains around 55% to 70% protein, high levels of gamma-linolenic acid (GLA), beta carotene, nucleic acids DNA & RNA, chlorophyll, 8 essential and 10 non-essential amino acids, and others.

Rise in the demand for cyanobacteria due to their contribution in weight reduction and increasing number of health clubs and fitness centers are expected to boost growth of the spirulina market in the coming years. Health benefits of cyanobacteria have helped them to find usage in desserts, smoothies, juices, salads, and breakfast meals. The skin and hair care market demands spirulina powder as an inclusion in various treatments, including anti-aging, wrinkles, grey hair, hair loss, and allergies. In the medical industry, spirulina powder is used in a range of treatments along with a number of pharmaceutical products. 

The global spirulina market size is expected to be fueled in the near future, owing to growing awareness regarding the health benefits of spirulina superfood among consumers and wide variety of natural colors produced by spirulina. In addition, the government of countries such as India and South Africa are promoting the production of spirulina, considering its health benefits, which helps to fuel the spirulina market growth. However, lower stability and poor sustainability of natural colors derived from spirulina as compared to synthetic colors and stringent government regulations are expected to hamper the market growth during the forecast period. Conversely, untapped markets in the developing countries are expected to provide lucrative opportunities for the market players. The impact of the driving factors is expected to surpass that of the restraints.

Type segment review

Spirulina Market
By Type

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Arthrospira Maxima segment is projected as one of the most lucrative segments.

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Based on product type, the spirulina market is segmented into Arthrospira Platensis and Arthrospira Platensis. The Arthrospira Platensis segment was the major revenue contributor in 2018 and is anticipated to remain dominant during the forecast period, owing to different factors such as surge in healthcare awareness and incorporation of spirulina in diets as super food globally.

Application segment review

Spirulina Market
By Application

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Nutraceuticals segment holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

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Based on application, the spirulina market is categorized into nutraceuticals, cosmetics, food & beverages, agriculture, feed, and others. Nutraceuticals sector accounts for the substantial market share and is estimated to lead the overall spirulina market in the coming years. 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 food & beverage sector as it has a high content of 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. It also finds its major application in the cosmetic & personal care industry. Furthermore, it is mainly used in cosmetic & personal care products especially for the anti-aging cream

Region segment review

Spirulina Market
By Geography

2026
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 11.2% during 2019-2026.

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Based on region, the spirulina market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA. North America was the leading revenue contributor to the global spirulina market in 2018, and is expected to remain dominant throughout the forecast period. This is attributed to its increasing demand for naturally derived food coloring agents in the region. Asia-Pacific is expected to grow at the highest CAGR during the study period, as it offers lucrative opportunities for the market players due to robust growth of the food processing industry in the region. Furthermore, growing demand for spirulina powder among vegetarian consumers is another factor that fuels the growth of this market, as spirulina is a 100% vegetarian dietary supplement.

The report provides a comprehensive analysis of the key players operating in the global spirulina market. These players include Cyanotech Corporation, DIC Corporation, Chr. Hansen Holding A/S, Dongtai City Spirulina Bio-engineering Co., Ltd., Algenol Biofuels Inc., Prolgae, Sensient Technologies Corporation, Parry Neutraceuticals, DDW Inc., Naturex S.A., and Algatec.

The other players operating in the global spirulina market include GNC Holdings, Inc., Now Health Group Inc, Fuqing King Dnarmsa Spirulina Co., Fraken Biochem Co., Ltd., and Far East Bio-Tec Co. Ltd.

Key Benefits for Spirulina Market:

  • This report provides a detailed quantitative analysis of the current spirulina market trends and future estimations from 2018 to 2025, which assists to identify the prevailing market opportunities. 
  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global spirulina market is provided.
  • An extensive spirulina market analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.

Spirulina Market Segments:

By Type 

  • Arthrospira Platensis
  • Arthrospira Maxima

By Application 

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

By Drug Formulation

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

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • Japan
    • India
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • 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 & 2026

3.5.    Market evolution/Industry roadmap
3.6.    Value Chain Analysis
3.7.    Impact of government regulations on global spirulina market
3.8.    Industry pain point analysis
3.9.    Patent Analysis

3.9.1.    By Region (2017-2019)
3.9.2.    By Applicant
3.9.3.    By Year

3.10.    Market share analysis
3.11.    Case Studies

3.11.1.    Case Study

3.12.    Market dynamics

3.12.1.    Drivers

3.12.1.1.    Increase in demand for natural ingredient
3.12.1.2.    Promotion of the production of spirulina by government
3.12.1.3.    R&D of spirulina as commercial products

3.12.2.    Restraints

3.12.2.1.    Impact on spirulina production due to climate change

3.12.3.    Opportunities

3.12.3.1.    Untapped markets in the developing countries
3.12.3.2.    Easy to cultivate due to development in cultivation technology

3.13.    Market trends

3.13.1.    U.S.
3.13.2.    China

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

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 and 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 DRUG 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug 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 drug formulation

7.5.    LAMEA

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

7.5.5.1.    Brazil market size and forecast, by type
7.5.5.2.    Brazil market size and forecast, by application
7.5.5.3.    Brazil market size and forecast, by drug formulation
7.5.5.4.    South Africa market size and forecast, by type
7.5.5.5.    South Africa market size and forecast, by application
7.5.5.6.    South Africa market size and forecast, by drug formulation
7.5.5.7.    Rest of LAMEA market size and forecast, by type
7.5.5.8.    Rest of LAMEA market size and forecast, by application
7.5.5.9.    Rest of LAMEA market size and forecast, by drug 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
8.2.4.    Key strategic moves and developments

8.3.    CHR. HANSEN HOLDING A/S

8.3.1.    Company overview
8.3.2.    CHR. Hansen: company Snapshot
8.3.3.    Operating business segments
8.3.4.    Product portfolio
8.3.5.    Business performance

8.4.    CYANE

8.4.1.    Company overview
8.4.2.    Company snapshot
8.4.3.    Product portfolio

8.5.    CYANOTECH 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.    DDW INC.

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

8.7.    DIC CORPORATION

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

8.8.    DÖHLER GMBH

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

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

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

8.10.    ECHLORIAL

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

8.11.    E.I.D. PARRY LIMITED

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

8.12.    GIVAUDAN INTERNATIONAL SA

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

8.13.    PROLGAE SPIRULINA SUPPLIES PVT. LTD.

8.13.1.    Company overview
8.13.2.    Company snapshot
8.13.3.    Operating business segments

8.14.    POND TECHNOLOGIES INC.

8.14.1.    Company overview
8.14.2.    Company snapshot
8.14.3.    Operating business segments
8.14.4.    Product portfolio

8.15.    SENSIENT TECHNOLOGIES CORPORATION

8.15.1.    Company overview
8.15.2.    Company snapshot
8.15.3.    Operating business segments
8.15.4.    Product portfolio
8.15.5.    Business performance

LIST OF TABLES

TABLE 01.    CASE STUDY
TABLE 02.    GLOBAL SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026 ($MILLION)
TABLE 03.    GLOBAL SPIRULINA MARKET, BY TYPE, BY PRODUCTION SIDE, 2018–2026 ($MILLION)
TABLE 04.    SPIRULINA MARKET FOR ARTHROSPIRA PLATENSIS, BY REGION, BY CONSUMPTION SIDE, 2018–2026 ($MILLION)
TABLE 05.    SPIRULINA MARKET FOR ARTHROSPIRA MAXIMA, BY REGION, BY CONSUMPTION SIDE, 2018–2026 ($MILLION)
TABLE 06.    GLOBAL SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 07.    GLOBAL SPIRULINA MARKET, BY APPLICATION, BY PRODUCTION SIDE, 2018–2026, ($MILLION)
TABLE 08.    SPIRULINA MARKET FOR NUTRACEUTICALS, BY CONSUMPTION SIDE, BY REGION, 2018–2026, ($MILLION)
TABLE 09.    SPIRULINA MARKET FOR COSMETICS, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 10.    SPIRULINA MARKET FOR FOOD AND BEVERAGES, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 11.    SPIRULINA MARKET FOR ANIMAL FEED, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 12.    SPIRULINA MARKET FOR OTHER APPLICATIONS, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 13.    GLOBAL SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 14.    GLOBAL SPIRULINA MARKET, BY DRUG FORMULATION, BY PRODUCTION SIDE, 2018–2026, ($MILLION)
TABLE 15.    SPIRULINA MARKET FOR POWDER, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 16.    SPIRULINA MARKET FOR TABLET & CAPSULE, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 17.    SPIRULINA MARKET FOR LIQUID, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 18.    SPIRULINA MARKET FOR GRANULE & GELLING AGENT, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 19.    SPIRULINA MARKET, BY REGION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 20.    SPIRULINA MARKET, BY REGION, BY CONSUMPTION SIDE, 2018–2026, (TONS)
TABLE 21.    SPIRULINA MARKET, BY REGION, BY PRODUCTION SIDE, 2018–2026, ($MILLION)
TABLE 22.    NORTH AMERICA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 23.    NORTH AMERICA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 24.    NORTH AMERICA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 25.    NORTH AMERICA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 26.    NORTH AMERICA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, (TONS)
TABLE 27.    NORTH AMERICA SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2018–2026, ($MILLION)
TABLE 28.    U.S. SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 29.    U.S. SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 30.    U.S. SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 31.    CANADA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 32.    CANADA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 33.    CANADA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 34.    MEXICO SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 35.    MEXICO SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 36.    MEXICO SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 37.    EUROPE SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 38.    EUROPE SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 39.    EUROPE SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 40.    EUROPE SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 41.    EUROPE SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, (TONS)
TABLE 42.    EUROPE SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2018–2026, ($MILLION)
TABLE 43.    GERMANY SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 44.    GERMANY SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 45.    GERMANY SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 46.    FRANCE SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 47.    FRANCE SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 48.    FRANCE SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 49.    UK SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 50.    UK SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 51.    UK SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 52.    ITALY SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 53.    ITALY SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 54.    ITALY SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 55.    SPAIN SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 56.    SPAIN SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 57.    SPAIN SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 58.    REST OF EUROPE SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 59.    REST OF EUROPE SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 60.    REST OF EUROPE SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 61.    ASIA-PACIFIC SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 62.    ASIA-PACIFIC SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 63.    ASIA-PACIFIC SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 64.    ASIA-PACIFIC SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 65.    ASIA-PACIFIC SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, (TONS)
TABLE 66.    ASIA-PACIFIC SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2018–2026, ($MILLION)
TABLE 67.    JAPAN SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 68.    JAPAN SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 69.    JAPAN SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 70.    CHINA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 71.    CHINA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 72.    CHINA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 73.    INDIA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 74.    INDIA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 75.    INDIA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 76.    AUSTRALIA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 77.    AUSTRALIA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 78.    AUSTRALIA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 79.    REST OF ASIA-PACIFIC SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 80.    REST OF ASIA-PACIFIC SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 81.    REST OF ASIA-PACIFIC SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 82.    LAMEA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 83.    LAMEA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 84.    LAMEA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 85.    LAMEA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 86.    LAMEA SPIRULINA MARKET, BY COUNTRY, BY CONSUMPTION SIDE, 2018–2026, (TONS)
TABLE 87.    LAMEA SPIRULINA MARKET, BY COUNTRY, BY PRODUCTION SIDE, 2018–2026, ($MILLION)
TABLE 88.    BRAZIL SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 89.    BRAZIL SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 90.    BRAZIL SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 91.    SOUTH AFRICA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 92.    SOUTH AFRICA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 93.    SOUTH AFRICA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 94.    REST OF LAMEA SPIRULINA MARKET, BY TYPE, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 95.    REST OF LAMEA SPIRULINA MARKET, BY APPLICATION, BY CONSUMPTION SIDE, 2018–2026, ($MILLION)
TABLE 96.    REST OF LAMEA SPIRULINA MARKET, BY DRUG FORMULATION, BY CONSUMPTION SIDE, 2018–2026, ($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.    CHR. HANSEN: OPERATING SEGMENTS
TABLE 103.    CHR HANSEN: PRODUCT PORTFOLIO
TABLE 104.    CYANE: COMPANY SNAPSHOT
TABLE 105.    CYANE: PRODUCT PORTFOLIO
TABLE 106.    CYANOTECH: COMPANY SNAPSHOT
TABLE 107.    CYANOTECH: OPERATING SEGMENTS
TABLE 108.    CYANOTECH: PRODUCT PORTFOLIO
TABLE 109.    DDW INC: COMPANY SNAPSHOT
TABLE 110.    DDW INC: OPERATING SEGMENTS:
TABLE 111.    DDW INC: PRODUCT PORTFOLIO
TABLE 112.    DIC: COMPANY SNAPSHOT
TABLE 113.    DIC: OPERATING SEGMENTS
TABLE 114.    DIC: PRODUCT PORTFOLIO
TABLE 115.    DÖHLER: COMPANY SNAPSHOT
TABLE 116.    DÖHLER: OPERATING SEGMENTS
TABLE 117.    DÖHLER: PRODUCT PORTFOLIO
TABLE 118.    DONGTAI: COMPANY SNAPSHOT
TABLE 119.    DONGTAI: OPERATING SEGMENTS
TABLE 120.    DONGTAI: PRODUCT PORTFOLIO
TABLE 121.    ECHLORIAL: COMPANY SNAPSHOT
TABLE 122.    ECHLORIAL: OPERATING SEGMENTS
TABLE 123.    ECHLORIAL PRODUCT PORTFOLIO
TABLE 124.    PARRY: COMPANY SNAPSHOT
TABLE 125.    PARRY: OPERATING SEGMENTS
TABLE 126.    PARRY: PRODUCT PORTFOLIO
TABLE 127.    GIVAUDAN: COMPANY SNAPSHOT
TABLE 128.    GIVAUDAN: OPERATING SEGMENTS
TABLE 129.    GIVAUDAN: PRODUCT PORTFOLIO
TABLE 130.    PROLGAE: COMPANY SNAPSHOT
TABLE 131.    PROLGAE: OPERATING SEGMENTS
TABLE 132.    POND TECHNOLOGIES INC: COMPANY SNAPSHOT
TABLE 133.    POND TECHNOLOGIES INC: OPERATING SEGMENTS
TABLE 134.    POND TECHNOLOGIES INC: PRODUCT PORTFOLIO
TABLE 135.    SENSIENT: COMPANY SNAPSHOT
TABLE 136.    SENSIENT: OPERATING SEGMENTS
TABLE 137.    SENSIENT: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    TOP INVESTMENT POCKETS, 2018
FIGURE 02.    PARENT MARKET
FIGURE 03.    MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 04.    HIGH BARGAINING POWER OF BUYERS
FIGURE 05.    HIGH THREAT OF NEW ENTRANTS
FIGURE 06.    MODERATE THREAT OF SUBSTITUTES
FIGURE 07.    HIGH INTENSITY OF RIVALRY
FIGURE 08.    PRICING ANALYSIS, BY REGION, 2019 & 2026
FIGURE 09.    VALUE CHAIN ANALYSIS
FIGURE 10.    INDUSTRY PAIN POINT ANALYSIS
FIGURE 11.    PATENT ANALYSIS, BY REGION
FIGURE 12.    PATENT ANALYSIS, BY APPLICANT
FIGURE 13.    PATENT ANALYSIS, BY YEAR
FIGURE 14.    MARKET SHARE ANALYSIS, 2018
FIGURE 15.    GLOBAL SPIRULINA MARKET FOR ARTHROSPIRA PLATENSIS, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR ARTHROSPIRA PLATENSIS, BY COUNTRY,  2018 & 2026 (%)
FIGURE 17.    GLOBAL SPIRULINA MARKET FOR ARTHROSPIRA MAXIMA, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 18.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR ARTHROSPIRA MAXIMA, BY COUNTRY,  2018 & 2026 (%)
FIGURE 19.    GLOBAL SPIRULINA MARKET FOR NUTRACEUTICALS, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 20.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR NUTRACEUTICALS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 21.    GLOBAL SPIRULINA MARKET FOR COSMETICS, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 22.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR COSMETICS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 23.    GLOBAL SPIRULINA MARKET FOR FOOD AND BEVERAGES, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 24.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR FOOD AND BEVERAGES, BY COUNTRY,  2018 & 2026 (%)
FIGURE 25.    GLOBAL SPIRULINA MARKET FOR ANIMAL FEED, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 26.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR ANIMAL FEED, BY COUNTRY, 2018 & 2026 (%)
FIGURE 27.    GLOBAL SPIRULINA MARKET FOR OTHER SPIRULINA, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 28.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR OTHER APPLICATIONS, BY COUNTRY,  2018 & 2026 (%)
FIGURE 29.    GLOBAL SPIRULINA MARKET FOR POWDER, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 30.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR POWDER, BY COUNTRY, 2018 & 2026 (%)
FIGURE 31.    GLOBAL SPIRULINA MARKET FOR TABLET & CAPSULE, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 32.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR TABLET & CAPSULE, BY COUNTRY, 2018 & 2026 (%)
FIGURE 33.    GLOBAL SPIRULINA MARKET FOR LIQUID, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 34.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR LIQUID, BY COUNTRY, 2018 & 2026 (%)
FIGURE 35.    GLOBAL SPIRULINA MARKET FOR GRANULE & GELLING, BY PRODUCTION SIDE, 2018-2026 ($MILLION)
FIGURE 36.    COMPARATIVE SHARE ANALYSIS OF SPIRULINA MARKET FOR GRANULE & GELLING AGENT, BY COUNTRY,  2018 & 2026 (%)
FIGURE 37.    CHR HANSEN: REVENUE, 2015–2017 ($MILLION)
FIGURE 38.    CHR HANSEN: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 39.    CHR HANSEN: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 40.    CYANOTECH: NET SALES, 2015–2017 ($MILLION)
FIGURE 41.    CYANOTECH: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 42.    CYANOTECH: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 43.    DIC: NET SALES, 2016–2018 ($MILLION)
FIGURE 44.    DIC: REVENUE SHARE BY PRODUCT, 2018 (%)
FIGURE 45.    DIC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 46.    PARRY: NET SALES, 2015–2017 ($MILLION)
FIGURE 47.    PARRY: REVENUE SHARE BY PRODUCT, 2017 (%)
FIGURE 48.    PARRY: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 49.    GIVAUDAN: NET SALES, 2015–2017 ($MILLION)
FIGURE 50.    GIVAUDAN: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 51.    GIVAUDAN: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 52.    SENSIENT: NET SALES, 2016–2018 ($MILLION)
FIGURE 53.    SENSIENT: REVENUE SHARE BY PRODUCT, 2018 (%)
FIGURE 54.    SENSIENT: REVENUE SHARE BY REGION, 2018 (%)

 
 

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. Growth in penetration of spirulina in the cosmetics and pharmaceutical industries is further expected to fuel the growth to this market during the forecast period.

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 & beverages manufacturers. The primary pigment in spirulina is a protein called phycocyanin that imparts a vibrant blue color. Additionally, it can be combined with other colors to make customized colors such as green and lavender or violet shades, which makes it ideal for using in various food and beverages products.

North America was the leading revenue contributor to the global spirulina market in 2018, and is expected to remain dominant throughout the forecast period. This is attributed to its increasing 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 due to robust growth of the food processing industry in the region. 
 

 

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