Global Spirulina Extract Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Powder, and Liquid.

By Application;

Dietary Supplements & Nutraceutical, Confectionery, Cosmetic, Bio-Fertilizer, and Aquaculture Feed.

By Formulations;

Spirulina Extracts, Blends, and Formulations.

By End-Use;

Food and Beverages, Functional Foods, Beverages, Nutraceuticals, Pharmaceuticals, Cosmetics and Personal Care, and Animal Feed.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn491855612 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Spirulina Extract Market (USD Million), 2021 - 2031

In the year 2024, the Global Spirulina Extract Market was valued at USD 208.24 million. The size of this market is expected to increase to USD 359.21 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.

The global spirulina extract market is witnessing significant growth due to the increasing demand for natural, plant-based nutritional supplements. Spirulina, a blue-green algae, is considered a superfood because of its high nutrient content, including protein, vitamins, minerals, and antioxidants. As consumers become more health-conscious and seek sustainable, plant-based alternatives, spirulina has gained popularity as a dietary supplement for improving overall health, boosting immunity, and enhancing energy levels. Its versatility in food and beverage applications, including in smoothies, energy bars, and functional beverages, has further contributed to the expansion of the market. Additionally, growing awareness of spirulina’s health benefits, particularly its ability to support detoxification, weight management, and cardiovascular health, is driving its demand globally.

The cosmetic and personal care industries have also embraced spirulina extract for its potential skin and hair care benefits, fueling further market growth. Spirulina is rich in vitamins like B12, vitamin E, and beta-carotene, along with essential fatty acids and proteins, making it a desirable ingredient in products that promote skin rejuvenation, moisturization, and hair growth. As consumers increasingly demand products with natural, non-toxic ingredients, spirulina extract has found its place in the formulation of creams, lotions, shampoos, and masks. This trend is expected to boost the demand for spirulina extract in the global cosmetics market, expanding its application base beyond the dietary supplement sector.

Geographically, the North American and European markets dominate the global spirulina extract market, driven by the high consumption of health supplements and the increasing focus on natural wellness products. However, the market is also expanding rapidly in Asia Pacific, particularly in countries like India, China, and Japan, where spirulina has long been used for its medicinal properties. The rising adoption of healthy eating habits, coupled with the growing middle-class population in these regions, is fostering greater demand for spirulina products. As the market matures, new innovations in spirulina cultivation and extraction methods are improving the product’s quality, sustainability, and affordability, further contributing to its popularity across diverse global markets.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Formulations
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Global Spirulina Extract Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Consumer Demand for Natural and Plant-Based Nutritional Supplements
        2. Rising Health Consciousness and Preference for Functional Foods
        3. Increasing Applications in Cosmetics and Personal Care Products
        4. Surge in Vegan and Vegetarian Diets and Plant-Based Product Consumption
        5. Expanding Awareness of Spirulina’s Health Benefits
      2. Restraints
        1. High Cost of Spirulina Cultivation and Processing
        2. Limited Awareness in Emerging Markets
        3. Potential Contamination Concerns with Low-Quality Spirulina Products
        4. Regulatory Challenges and Lack of Standardization
        5. Price Volatility in Raw Spirulina Material
      3. Opportunities
        1. Expansion of Spirulina Extract Applications in Pharmaceuticals and Nutraceuticals
        2. Technological Advancements in Spirulina Cultivation and Extraction Techniques
        3. Growing Popularity of Sustainable and Eco-friendly Food Alternatives
        4. Increasing Investments in Research and Development for New Product Forms
        5. Rising Demand for Organic and Non-GMO Spirulina Products
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Spirulina Extract Market, By Product Type, 2021 - 2031 (USD Million)
      1. Powder
      2. Liquid
    2. Global Spirulina Extract Market, By Application, 2021 - 2031 (USD Million)
      1. Dietary Supplements & Nutraceutical
      2. Confectionery
      3. Cosmetic
      4. Bio-Fertilizer
      5. Aquaculture Feed
    3. Global Spirulina Extract Market, By Formulations, 2021 - 2031 (USD Million)
      1. Spirulina Extracts
      2. Blends
      3. Formulations
    4. Global Spirulina Extract Market, By End-Use, 2021 - 2031 (USD Million)
      1. Food and Beverages
      2. Functional Foods
      3. Beverages
      4. Nutraceuticals
      5. Pharmaceuticals
      6. Cosmetics and Personal Care
      7. Animal Feed
    5. Global Spirulina Extract Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sensient Technologies Corporation
      2. DDW - The Color House
      3. DIC Corporation- Earthrise Nutritionals
      4. Chr. Hansen A/S
      5. Naturex SA
      6. Royal DSM
      7. Dohler Group
      8. C.B.N. Spirulina Canada Co., Ltd.
      9. BASF SE
  7. Analyst Views
  8. Future Outlook of the Market