Spirulina Protein Market Size - By Species (Arthrospira Plantesis, Arthrospira Maxima), Dosage Form (Capsules, Powder, Tablets), Application (Dietary Supplements, Functional foods and beverages, Pharmaceuticals, Animal Feed, Cosmetics) & Forecast, 2024-2032

Spirulina Protein Market Size

Spirulina Protein Market size was valued at USD 305 million in 2023 and is projected to expand at 7.5% CAGR from 2024 to 2032, due to increasing R&D initiatives. Spirulina is a nutrient-dense blue-green alga lauded for its high protein content and numerous health benefits, making it popular in nutrition and functional foods. Developments in biotechnology have greatly improved spirulina cultivation methods, increasing both yield and quality.
 

For instance, in December 2023, a University of Exeter study published in The Journal of Nutrition was the first to show that eating the widely available algae species such as Spirulina and chlorella provides more micronutrients and more protein than any meat, helping to restore muscle build in healthy young adults. 
 

Rising innovations in the industry, in line with consumers’ growing demand for environmentally friendly plant-based protein, ensure quality and sustainable production. Moreover, internal scientific studies have revealed the health benefits of Spirulina, such as anti-inflammatory qualities and immunosuppressive traits. This growing evidence about its benefits increases consumer confidence and satisfaction. As health and environmentally conscious consumers are driving the market trends, continuous efforts in R&D are crucial in expanding the global market.
 

However, despite these growth factors, the spirulina protein market faces restraints such as high cost of production, limited consumer awareness, and taste preference. Farming of Spirulina requires controlled conditions, which makes it expensive. In addition, some consumers are unaware of the benefits of Spirulina or find its taste unappealing, hindering its widespread uptake despite its nutritional benefits.
 

Spirulina Protein Market Trends

The spirulina protein industry is experiencing robust growth, driven by the increasing use of Spirulina as a source of protein in various industries. The health and wellness trend is a key driver in the market, as consumers are increasingly looking for high-calorie, plant-based protein options. Spirulina’s high protein content and health benefits fulfill this requirement, making it popular in supplements and functional foods. Sustainability is another important driver of the market. Spirulina’s eco-friendly farming appeals to consumers and environmentally conscious companies aiming to reduce their carbon footprint. 
 

This coincides with the global shift towards sustainable practices, which increases Spirulina’s market appeal. In addition to Spirulina’s role in the food and beverage industry expanding its reach and popularity in new products such as smoothies, snacks, and protein bars, ongoing scientific research continues to reveal its new health benefits in other sectors like animal feed. Overall, the integration of Spirulina in various industries is due to its nutritional profile, sustainability, and increasing usability through research, positioning it as a key player in the protein market.
 

Quoting an instance, in January 2024, a study reported that Spirulina sp., as an additional protein component for poultry feed, emphasizes its nutritional value, including protein content, amino acid content, protein solubility, and protein solubility.
 

Spirulina Protein Market Analysis

The market from the capsules segment will register 8.9% CAGR through 2032. Arthrospira platensis, the most widely cultivated Spirulina, is rich in protein, essential amino acids, vitamins, and minerals, making it a highly sought-after ingredient in health products, functional foods, and animal feed. Furthermore, extensive research and development efforts continue to highlight its health benefits, such as immunosuppression, anti-inflammatory properties, and tissue regeneration, increasing its market appeal. Further, as awareness of the benefits of Arthrospira platensis grows, the market is set to expand significantly.
 

The arthospira plantesis segment is set to witness 6.4% CAGR in the spirulina protein market through 2032. Spirulina capsules provide an easy and effective way to incorporate this nutrient-dense algae into your daily diet and are attractive to health-conscious individuals who want to take an easy-to-use option. High in protein, vitamins, and antioxidants, the capsules provide various health benefits, such as boosting the immune system, increasing energy levels, and supporting the immune system to revitalize the roots.
 

Furthermore, the binder preserves the nutrients in the compost and prolongs its life. As more people realize the health benefits of Spirulina and prioritize the right supplements, the Spirulina protein capsule market is poised to grow exponentially.
 

Asia Pacific spirulina protein market will exceed USD 113 million by 2032. Countries such as China, India, and Japan are leading the way, with consumers becoming increasingly health-conscious and seeking nutrient-dense products. Known for its high protein content and numerous health benefits, Spirulina is gaining popularity in dietary supplements, functional foods, and beverages.
 

Additionally, government support for sustainable agriculture and the promotion of alternative proteins is driving the market. An expanding middle-class population in the region, with increased disposable income, also contributes to increased healthcare awareness. As awareness of the benefits of spirulina spreads, the Asia Pacific market is set to continue its strong growth trajectory.
 

Spirulina Protein Market Share

These companies are actively contributing to the demand of the spirulina protein industry through tailored efforts for this niche. More and more people are investing in research to improve farming methods and ensure consistent quality and yields. Also, marketing campaigns emphasize the nutritional benefits of Spirulina, targeting health-conscious consumers looking for a sustainable source of protein. 
 

Companies are also innovating by developing spirulina-based products such as protein powders, snacks, and drinks to meet consumer preferences, as well as partnerships with nutrition experts and influencers to drive awareness and encourage confidence. Through these concerted efforts, the companies are driving demand for spirulina protein products and are actively participating in this growing market.
 

Spirulina Protein Market Companies

Major companies operating in the spirulina protein industry include:

• Nutrex Hawaii Inc.
• Earthrise Nutritinals LLC
• Prolgae Spirulina Supplies Pvt. Ltd.
• Far East Bio-Tec Co. Ltd.
• Yunna Green A biological Project Co. Ltd.
• Cyanotech Corporation
• E.I.d Parry (India) Ltd.
• ENERGYbits Inc.
• Allmicroalgae
• JUNE Group of Companies (JUNE Spirulina)
• Phycom Microalgae
• Fuqing King Dnarmsa Spirulina Co. Ltd
   

Spirulina Protein industry News

• In September 2023, Lumen Bioscience won the inaugural $1.5 million Wilkes Center Climate Prize at the University of Utah for its breakthrough innovation. Their solution addressed the significant contribution of global warming by using Spirulina to target and neutralize methane-producing microorganisms in the cow gut. 
   
• In July 2023, AlgaeCore Technologies Ltd, a subsidiary start-up SimpliiGood, was pioneering the use of Spirulina as a meat substitute. Previously, the company used Spirulina to make mud-cured salmon and was now preparing to introduce a vegan schnitzel. 
   
• In November 2022, GNT expanded the green selection of EXBERRY Coloring Foods with the introduction of a new powder based on turmeric and Spirulina. Called EXBERRY® Shade Bright Green – Powder, it is specially designed to give a bright, blue-green color to dry products such as bakery mixes and seasonings. 
   

The spirulina protein market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2021 to 2032, for the following segments:

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By Species

• Arthrospira Plantesis
• Arthrospira Maxima
• Others

By Dosage Form

• Capsules
• Powder
• Tablets
• Others

By Application

• Dietary Supplements
• Functional Food & Beverages 
  • Bakery & Confectionery
  • Breakfast Cereals
  • Snacks
• Pharmaceuticals
• Animal Feed
  • Poultry
  • Swine
  • Cattle
  • Aquaculture
  • Petfood
  • Others
• Cosmetics
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Sweden
  • Spain
  • Russia
  • Netherlands
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
  • Australia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa