Spirulina Market size was valued at USD 588.9 Million in 2023 to USD 1318.6 Million by 2031, growing at a CAGR of 10.6% in the forecast period (2024-2031). The increasing preference for natural food ingredients amongst consumers is set to create an expansion in the global spirulina market. The craze of people towards fitness and healthy diet has increased the demand for plant-based food products and decreased the need for artificial food coloring including synthetic colorings. Due to the clean label trend and the expansion of the minimally processed foods sector, smoothies, jellies, and beverages among other products have incorporated the use of spirulina as a natural food coloring agent. For commercial application, the producers are creating new, improved methods to extract a greater quantity of phycocyanins from spirulina.
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Diverse Sectors of the Spirulina Market and its Quest for Sustainable Excellence
Across all business verticals, the global spirulina market has a rich and varied competitive environment. The major companies concentrate mainly on the production, processing, and distribution of spirulina for dietary supplements, food and beverages, and cosmetics. Companies use novel cultivation technology and eco-friendly practices to improve product quality and productivity. Their presence in the market is reinforced through strategic alliances as well as mergers and acquisitions. At the same time, advancing consumer awareness concerning health benefits encourages consumption across various industries and elevates the status of spirulina as a key component in health-oriented products.
Competitive Forces Driving the Spirulina Market and Shaping Global Health Trends
The global spirulina market has a highly competitive environment with the presence of many domestic and international players employing different cultivation and processing techniques. Leading companies in this market include Nutrex Hawaii and DIC Corporation, which primarily aim at high-quality spirulina production for the dietary supplement as well as food industries.
Strategic partnerships and acquisitions enhance market presence and distribution capabilities. As consumer awareness of spirulina’s health benefits grows, these companies are well-positioned to capitalize on emerging trends across multiple business verticals globally.
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Deep Dive into Strategies of Industry Leaders Driving Quality and Distribution
Looking at the trends in the global spirulina market at a global level, it is fascinating to find Nutrex Hawaii that has pioneered growing spirulina using the most advanced cultivation systems which improves the quality of the product as well as the amount yielded. In addition to that relocating the food and beverage distribution for DIC Corporation entails forming strategic partnerships. Furthermore, there is a partnership between Parry Nutraceuticals and a number of like companies which points out the increasing need for premium spirulina from the consumers. These instances epitomise the manner in which the competitive forces in the industry are able to recognize and adjust to the changes in the market and how the tastes and preferences of consumers enabling them retain their competitiveness in the changing business environment.
This report covers the following segments:
A. Product type
Powder
Tablets
Capsules
Flakes
Phycocyanin
Frozen Spirulina
B. Application
Nutraceuticals
Food & Beverage
Animal Feed
Cosmetics
Agriculture
C. End User
Business Channel
Consumer Channel
The report covers the following players:
Cyanotech Corporation
E.I.D. – Parry (India) Limited
BlueBioTech Group
Aliga Microalgae (Denmark)
Roquette Klötze GmbH & Co. KG
ALGALIMENTO SL (Spain)
Sea & Sun Organic GmbH
Algenol Biofuels Inc.
Prolgae Spirulina Supplies Pvt. Ltd.
Dongtai City Spirulina Bio-engineering Co.
Fuqing King Dnarmsa Spirulina Co., Ltd.
Fraken Biochem Co., Ltd
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Growing Influence of Spirulina in the Natural Food Market
The global spirulina market is observing rapid expansion owing to the rising consumer inclination towards natural food ingredients and a rise in the consumption of plant-based products. Also, as the concern on health increases, the global spirulina market as a natural colorant with clean-label solutions to various food applications is ever increasing. In the lead of Nutrex Hawaii and DIC Corporation, innovative techniques for growth, and partnerships are boosting the quality of products, and ensuring their presence in the market. Considering this situation, spirulina can play an essential role in a wide commercial spectrum as both health-sensitive and modern consumers will make use of it fit into the current diets.
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To view the original version on ABNewswire visit: Spirulina Market to Register 10.6% CAGR by 2031, due to Emerging as Pivotal Solution to Combat Malnutrition