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Spirulina Protein Market Trends

  • Report ID: GMI5387
  • Published Date: Jun 2024
  • Report Format: PDF

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.
 

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of spirulina protein reached USD 305 million in 2023 and will witness 7.5% CAGR between 2024 and 2032, led by growing consumer awareness of health and wellness, increasing demand for plant-based proteins, and the rising popularity of superfoods.

Spirulina protein capsules market will register 8.9% CAGR from 2024 to 2032, primarily due to their convenience, easy dosage, and burgeoning demand for dietary supplements.

Asia Pacific Market size will exceed USD 113 million by 2032, propelled by increasing health consciousness, rising disposable incomes, and the long-standing tradition of incorporating algae-based foods in regional diets.

Some of the key industry players are 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, among others.

Spirulina Protein Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 270
  • Countries covered: 25
  • Pages: 374
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