Table of Content

1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study

3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Spirulina Market Analysis: by Product Type
3.2.2. Spirulina Market Analysis: by Application
3.2.3. Spirulina Market Analysis: by Distribution Channel
3.3. Regional Analysis
3.4. Key Players

4. Industry Outlook
4.1. Overview
4.2. Spirulina Dosages
4.2.1. Spirulina: Recommended Daily Dosage
4.2.2. Common Spirulina Dosages
4.3. Value Chain Analysis
4.3.1. Overview
4.3.2. Inputs/Suppliers
4.3.3. Cultivation and Processing
4.3.3.1. Key Spirulina Producers, by Size
4.3.3.1.1. Microfarmers (<2 Tons/Year) *
4.3.3.1.2. Small Farmers (2-20 Tons/Year)
4.3.3.1.3. Large Farmers (20-200 Tons/Year)
4.3.3.1.4. Very Large Farmers (More Than 200 Tons/Year)
4.3.4. Packaging, Storage, and Logistics
4.3.4.1. Handling and Packaging Companies
4.3.5. Distribution Channel (B2B & B2C)
4.3.6. Spirulina-based Product Formulators and Consumers
4.3.6.1. List of Some of The Key Buyers
4.4. Pricing Analysis
4.4.1. Spirulina Powder
4.4.2. Spirulina Tablets
4.4.3. Spirulina Capsules
4.4.4. Spirulina Flakes
4.4.5. Frozen Spirulina
4.4.6. Phycocyanin
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition

5. Market Insights
5.1. Overview
5.2. Drivers
5.2.1. Increasing Health & Wellness Trends and the Growing Dietary Supplements Industry
5.2.2. Rising Demand for Natural Food Colors
5.2.3. Growing Vegetarianism
5.2.4. Positive Environmental Impact of Spirulina Cultivation
5.2.5. Strict Regulations for the Use of Synthetic Colors and Flavors
5.2.6. Growing Preference for Spirulina-sourced Products
5.2.7. Increasing Use of Spirulina in Aquaculture
5.2.8. Increasing Investments from Manufacturers of Natural Colors
5.3. Restraints
5.3.1. Low Awareness Regarding the Benefits of Spirulina
5.3.2. Complexities in Algae Production
5.3.3. Risk of Contamination
5.4. Opportunities
5.4.1. Emergence of New Application Areas
5.4.2. Growing Demand for Phycocyanin
5.4.3. Rising Demand for Spirulina Among Biorefineries
5.4.4. Increasing Demand for Fresh/Frozen Spirulina
5.5. Trends
5.5.1. Adoption of New Production Technologies (Photobioreactors)
5.6. Standards and Regulations
5.6.1. Spirulina: Recommended Daily Intake (RDA)
5.6.2. North America
5.6.3. Europe

6. Spirulina Market Assessment?by Product Type
6.1. Overview
6.2. Powder
6.3. Tablets
6.4. Capsules
6.5. Flakes
6.6. Phycocyanin
6.7. Frozen Spirulina

7. Spirulina Market Assessment?by Distribution Channel
7.1. Overview
7.2. Business Channel
7.3. Consumer Channel

8. Spirulina Market Assessment?by Application
8.1. Overview
8.2. Nutraceuticals
8.3. Food & Beverages
8.4. Animal Feed
8.5. Cosmetics
8.6. Agriculture

9. Spirulina Market Assessment?by Geography
9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Asia-Pacific
9.3.1. China
9.3.2. India
9.3.3. Japan
9.3.4. Australia
9.3.5. Thailand
9.3.6. Rest of Asia-Pacific (RoAPAC)
9.4. Europe
9.4.1. France
9.4.2. Germany
9.4.3. U.K.
9.4.4. Italy
9.4.5. Spain
9.4.6. Netherlands
9.4.7. Denmark
9.4.8. Sweden
9.4.9. Rest of Europe (RoE)
9.5. Latin America
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America (RoLATAM)
9.6. Middle East & Africa
9.6.1. Egypt
9.6.2. Saudi Arabia
9.6.3. South Africa
9.6.4. UAE
9.6.5. Rest of Middle East & Africa (RoMEA)

10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Dashboard
10.3.1. Industry Leaders
10.3.2. Market Differentiators
10.3.3. Vanguards
10.3.4. Emerging Companies
10.4. Vendor Market Positioning
11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. Microfarmers
11.1.1. Clos Sainte Aurore
11.1.2. Spirulina Viva
11.1.3. SPIFORM
11.1.4. Spirulina La Capitelle
11.2. Small Farmers
11.2.1. Aurospirul
11.3. Large Farmers
11.3.1. Far East Microalgae Industries Co., Ltd (FEMICO)
11.4. Very Large Farmers
11.4.1. Fuqing King Dnarmsa Spirulina Co., Ltd.
11.4.2. DIC Corporation
11.4.3. E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited)
11.4.4. Cyanotech Corporation
11.4.5. C.B.N. Bio-engineering Co., Ltd
11.4.6. Yunnan Green A Biological Project Co., Ltd. (A Subsidiary of Yunnan Spirin Biotechnology Co. Ltd)
11.4.7. Jiangshan Comp Spirulina Co., Ltd
11.4.8. Inner Mongolia Rejuve Biotech Co., Ltd.
11.4.9. Zhejiang Binmei Biotechnology Co., Ltd.
11.4.10. Bluetec Naturals Co., Ltd.
11.4.11. Taiwan Chlorella Manufacturing Company (TCMC)
11.4.12. Roquette Kl?tze GmbH & Co. KG
11.4.13. Vedan Biotechnology Corporation
11.4.14. AlgoSource
11.4.15. Tianjin Norland Biotech Co., Ltd
11.4.16. Allmicroalgae Natural Products S.A.
11.4.17. Aliga Microalgae
11.4.18. Taiwan Wilson Enterprise Inc.
11.4.19. Algalimento SL
11.4.20. Seagrass Tech Private Limited
11.4.21. Plankton Australia Pty Limited
11.4.22. Hangzhou Ouqi Food Co., Ltd.
11.4.23. JUNE Spirulina (A Part of JUNE Group of Companies)
11.4.24. Ordos Xinyuli Spirulina Industry Group Co., Ltd.
11.4.25. Qingdao Haizhijiao Biotechnology Co., Ltd.
11.4.26. BlueBioTech Group
11.4.27. Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH)
11.4.28. Pond Technologies Inc.
11.4.29. Far East Bio-Tec. Co., Ltd. (FEBICO)
11.4.30. Givaudan SA
11.4.31. Nutragreenlife Biotechnology Co. Ltd. (Branch of Greenlife Biotechnology Co., Ltd.)
11.4.32. Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH)
11.4.33. Necton S.A.

12. Appendix
12.1. Available Customization
12.2. Related Reports



List of Figures

List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources Referenced for this Study
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 8 Market Sizing and Growth Forecast
Figure 9 In 2023, the Powder Segment to Account for the Largest Share
Figure 10 In 2023, the Nutraceuticals Segment to Dominate the Market
Figure 11 The Business Channel Segment to Register the Highest CAGR During 2023–2030
Figure 12 Europe to be the Fastest-Growing Regional Market
Figure 13 Benefits of Consuming 5-10 Grams of Spirulina Every Day
Figure 14 Spirulina Supplements: Most Common Dosage forms
Figure 15 Global Spirulina Market Value Chain
Figure 16 Global Spirulina Market: Porter’s Five Forces Analysis
Figure 17 Factors Affecting Market Growth
Figure 18 Spirulina Vs. Other Foods: Nutrient Profile
Figure 19 Top Ten Countries with the Highest Rates of Vegetarianism, 2020 (%)
Figure 20 Global Spirulina Market, by Product Type, 2023 Vs. 2030 (USD Thousand)
Figure 21 Global Spirulina Market, by Product Type, 2023 Vs. 2030 (Tons)
Figure 22 Global Spirulina Market, by Distribution Channel, 2023 Vs. 2030 (USD Thousand)
Figure 23 Spirulina: Business Channel
Figure 24 Spirulina: Consumer Channel
Figure 25 Global Spirulina Market, by Application, 2023–2030 (USD Thousand)
Figure 26 Possible Effect of Spirulina Extract on Agriculture
Figure 27 Global Spirulina Market, by Region, 2023 Vs. 2030 (USD Thousand)
Figure 28 Global Spirulina Market, by Region, 2023 Vs. 2030 (Tons)
Figure 29 North America: Spirulina Market Snapshot, 2023
Figure 30 Asia-Pacific: Spirulina Market Snapshot, 2023
Figure 31 Rope: Spirulina Market Snapshot (2023)
Figure 32 Latin America: Spirulina Market Snapshot, 2023
Figure 33 Middle East & Africa: Spirulina Market Snapshot, 2023
Figure 34 Key Growth Strategies Adopted by Leading Players (2020–2023)
Figure 35 Competitive Dashboard: Global Spirulina Market
Figure 36 Global Spirulina Market Competitive Benchmarking, by Application
Figure 37 DIC Corporation: Financial Overview (2022)
Figure 38 E.I.D. - Parry (India) Limited: Financial Overview (2022)
Figure 39 Cyanotech Corporation: Financial Overview (2022)
Figure 40 Givaudan SA: Financial Overview (2022)