Spirulina Market

By Type;

Arthrospira Platensis and Arthrospira Maxima

By Application;

Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others

By Drug Formulation;

Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn118219481 Published Date: June, 2025 Updated Date: July, 2025

Spirulina Market Overview

Spirulina Market (USD Million)

Spirulina Market was valued at USD 343.35 million in the year 2024. The size of this market is expected to increase to USD 1,050.38 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 17.3%.


Spirulina Market

*Market size in USD million

CAGR 17.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)17.3 %
Market Size (2024)USD 343.35 Million
Market Size (2031)USD 1,050.38 Million
Market ConcentrationLow
Report Pages305
343.35
2024
1,050.38
2031

Major Players

  • Algenol Biofuels Inc.
  • Cabassi & Giuriati Spa
  • Chr. Hansen Holding A/S
  • Cyane
  • Cyanotech Corporation
  • Ddw Inc.
  • Dic Corporation
  • Döhler GmbH
  • Dongtai City Spirulina Bio-Engineering Co., Ltd
  • Echlorial
  • E.I.D. Parry Limited
  • Givaudan International SA
  • Prolgae Spirulina Supplies Pvt. Ltd
  • Pond Technologies Inc.
  • Sensient Technologies Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Spirulina Market

Fragmented - Highly competitive market without dominant players


The Spirulina Market is experiencing substantial growth, with increasing health awareness pushing demand by over 63%. This nutrient-rich microalgae is widely recognized for its high protein and antioxidant content, contributing to its rising adoption in the food, cosmetic, and nutraceutical sectors. The market is undergoing significant expansion due to its sustainability and low resource requirements, making it attractive amid shifting consumer preferences. This expansion is creating multiple opportunities for product innovation and formulation across industries.

Partnerships and Collaborations
Over 48% of firms are engaging in collaboration, partnerships, and research alliances to improve supply chain resilience and product development. These cooperative efforts are enhancing technological exchange and allowing for the creation of functional blends with higher efficacy. Through merger strategies and joint ventures, companies are integrating upstream and downstream operations, contributing to improved margins and market penetration. These efforts reflect a collective strategy to meet the rising demand efficiently.

Strategies for Market Growth
Key industry participants are prioritizing expansion strategies, especially through diversification of application areas and customized product offerings. More than 57% of companies are focusing on vegan and organic-certified spirulina products, targeting clean-label consumers. Aggressive marketing strategies, coupled with increased R&D spending, are leading to the development of novel formulations like spirulina-based beverages and snacks. These strategies ensure wider acceptance and position the market for sustainable growth.

Future Outlook
The future outlook for the Spirulina Market is highly promising, with over 60% of market participants optimistic about continued adoption across multiple verticals. Demand is expected to strengthen due to growing awareness around immunity, nutrition, and sustainability. The market is poised for transformation through consistent investment in biotechnology, resulting in improved yield and lower production costs. Spirulina’s relevance in addressing modern nutritional challenges ensures a strong trajectory driven by opportunity and continuous innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Drug Formulation
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Spirulina Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Nutritional Awareness
        2. Health and Wellness Trends
        3. Plant-Based Protein
        4. Functional Foods
      2. Restraints
        1. Supply Chain Disruptions
        2. Environmental Factors
        3. Regulatory Constraints and Compliance
        4. Competition from Alternative Protein Sources
      3. Opportunities
        1. Increasing Consumer Demand for Natural and Organic Products
        2. Expansion of Distribution Channels
        3. Innovation in Product Development
        4. Strategic Partnerships and Collaborations
    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. Spirulina Market, By Type, 2021 - 2031 (USD Million)
      1. Arthrospira Platensis
      2. Arthrospira Maxima
    2. Spirulina Market, By Drug Formulation, 2021 - 2031 (USD Million)

      1. Powder

      2. Tablet & Capsule

      3. Liquid

      4. Granule & Gelling Agent

    3. Spirulina Market, By Application, 2021 - 2031 (USD Million)
      1. Nutraceuticals
      2. Food & Beverages
      3. Cosmetics
      4. Animal Feed
      5. Others
    4. Spirulina 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. Algenol Biofuels Inc
      2. Cabassi & Giuriati Spa
      3. Chr. Hansen Holding A/S
      4. Cyane
      5. Cyanotech Corporation
      6. Ddw Inc.
      7. Dic Corporation
      8. Döhler Gmbh
      9. Dongtai City Spirulina Bio-Engineering Co, Ltd
      10. Echlorial
      11. E.I.D. Parry Limited
      12. Givaudan International Sa
      13. Prolgae Spirulina Supplies Pvt. Ltd
      14. Pond Technologies Inc.
      15. Sensient Technologies Corporation
  7. Analyst Views
  8. Future Outlook of the Market