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Spirulina Powder Market Analysis

  • Report ID: GMI2077
  • Published Date: Aug 2023
  • Report Format: PDF

Spirulina Powder Market Analysis

The spirulina powder market from open pond cultivation segment held over USD 187.2 million revenue in 2022. Open pond cultivation is a widely used method that allows for large-scale production of spirulina, meeting the demand for commercial applications. This method is relatively cost-effective compared to closed-system alternatives, making it attractive for manufacturers aiming to offer competitively priced spirulina products.
 

lobal Spirulina Powder Market Revenue Share, By Processing Method, (2022)

Spray drying segment accounted for 40% of the spirulina powder market share in 2022. Spray drying is a gentle method that helps preserve the nutritional content of spirulina, retaining essential vitamins, minerals, and proteins. Spray-dried spirulina powder has good shelf stability, making it ideal for products with longer shelf lives.
 

The spirulina powder market organic segment is anticipated to grow at 6.8% CAGR through 2032. Organic certification assures consumers that the spirulina powder is produced without the use of synthetic pesticides, herbicides, or genetically modified organisms, meeting organic farming standards.
 

Dietary supplements segment is poised to witness a lucrative growth till 2032. Spirulina powder is rich in protein, vitamins, minerals, and antioxidants, making it a popular ingredient in dietary supplements to support overall health and well-being.
 

Based on application the spirulina powder market from online retailing segment will gain remarkable momentum during the forecast timeline. E-commerce platforms enable spirulina powder manufacturers to reach consumers worldwide, expanding market access and international sales.
 

U.S. Spirulina Powder Market Size

U.S. spirulina powder market size reached USD 109.2 million in 2022. North American consumers have a strong focus on health and wellness, leading to increased interest in nutrient-rich superfoods like spirulina powder that offer a wide range of vitamins, minerals, and antioxidants.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Spirulina powder market recorded USD 462.2 million in 2022 and is estimated to reach USD 970.2 million by the end of 2032, due to increasing demand for nutritious superfoods rich in protein and other supplements.

The open pond cultivation method segment reached USD 187.2 million in 2022 and will accumulate strong revenue share through 2032, owing to growing adoption for large-scale spirulina production.

The spray drying application segment held over 40% market share in 2022 and is expected to witness significant growth by 2032, driven by the increasing demand for products with longer shelf lives.

U.S. market size dominated around USD 109.2 million in 2022 and will see significant growth through 2032, attributed to the increasing focus on health and wellness, and high demand for super nutrient foods in the region.

Spirulina Powder Market Scope

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Premium Report Details

  • Base Year: 2018
  • Companies covered: 15
  • Tables & Figures: 301
  • Countries covered: 22
  • Pages: 220
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