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Global Organic Spirulina Market Share, Size, Trends, Growth, Analysis, Report, Forecast: By Form: Powder, Tablets and Capsules, Liquid, Others; By End Use: Nutraceuticals, Food and Beverage Industry, Animal Feed, Cosmetics, Others; By Sales Channel: Direct Sales, Retail Sales; Regional Analysis; Competitive Landscape; 2023-2028
Global Organic Spirulina Market Outlook
The global organic spirulina market size reached a value of approximately USD 315 million in 2022. The market is further expected to grow at a CAGR of 7.20% between 2023 and 2028, reaching a value of USD 476 million by 2028.
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Key Trends in the Market
Spirulina is a form of algae that has many nutrients and antioxidant properties, like protein, copper, magnesium, potassium. Organic spirulina are different from inorganic spirulina because their cultivation does not involve any chemicals and use natural earth fertilisers. Spirulina grows in both salt and fresh water, and are a kind of cyanobacteria which can produce its energy with the help of sunlight.
- A key trend in the organic spirulina market is the antioxidant properties of spirulina which help in providing protection against oxidative damage, due to which it is considered a superfood. Consumers can buy organic spirulina supplements directly, although medical advice is recommended especially in case of pregnancy, lactation or any other medical conditions.
- In recent years, more consumers are getting health conscious and the demand to include natural ingredients in different products is a factor that is increasing the growth of the global organic spirulina market. Consumers are leaning towards leading a heathy lifestyle and with the variety of spirulina supplements in the market, there is scope for the global market for organic spirulina to grow.
- Initiatives by multiple governments in improving aquaculture also boosts the production of organic spirulina. With the help of different technological advancements, the extraction of spirulina has become more convenient. The easy cultivation of organic spirulina with the help of machines that are funded by various governments is also a key trend in the organic spirulina market.
- There is also increased demand for spirulina in the cosmetic industry as it is helps in maintain the elasticity and reduce inflammation due to its antioxidant properties, leading to its use in products like face creams and masks, and eye creams. Organic spirulina also provides detoxification to the skin and the demand for natural components in skincare attracts more conscious customers.
Market Analysis
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Based on form, the market is segmented into powder, tablets and capsules, and liquid, among others. On the basis of end use, the market is divided into nutraceuticals, food and beverage industry, animal feed, and cosmetics, among others. The global organic spirulina market is bifurcated by sales channel into direct sales and retail sales. The regional markets for organic spirulina are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global organic spirulina market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Sensient Technologies Corp.
- Parry Nutraceuticals Limited
- Now Health Group inc.
- Naturex S.A.
- Naturalin Bio-Recourses Co., Ltd
- DIC Corporation
- DDW Inc.
- Others
Market Share by Form
Organic spirulina can be of different forms and chosen according to the preference of the consumer, nevertheless, organic spirulina in the form of powder has a sizable share of the organic spirulina market because it is easily soluble. Powder organic spirulina can be taken in with water, tea, matcha, or coffee as because the taste of spirulina is earthy, consumers tend to dilute it with other liquids. There are different types of smoothies and various recipes that use organic spirulina powder to make delicious items. Organic spirulina powder can also be used in making salads, energy balls, and pancakes.
Meanwhile, organic spirulina in the form of liquid drops is used widely used and easily accessible online. Liquid organic spirulina is a concentrated form of probiotic liquid that is 100% bioavailable and contains many minerals and enzymes. They are naturally liquid and considered to be fresh with no risk of contamination, due to which the demand for the liquid form of organic spirulina is growing in the market.
Market Share by End Use
A fantastic nutraceutical, spirulina has gained popularity for its distinctive combination of high-quality proteins, fatty acids, antioxidants, vitamins, and minerals. Certain pigments and metabolites present in spirulina act as a health booster and function like an antiviral agent. Nutraceuticals account for a larger share of the organic spirulina market because of its composition and because the use of spirulina has shown effective results in lowering blood glucose, cholesterol, and improving HDL cholesterol.
Organic spirulina is also increasingly being used as a super ingredient in food and beverages items and due to its nature of being natural and having multiple health benefits, more consumers are inclining towards the benefits of it. Organic spirulina has the potential to be incorporated in different components of food and beverages which are under a development in the food industry. Sparkling spirulina drinks in different flavours are also available in the market which offer the nutrient properties of spirulina.
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Competitive Landscape
Parry Nutraceuticals Limited is a food processing company located in Tamil Nadu, India, which was founded in 1900 as a division of EID Parry to specialise in nutraceuticals. Parry Nutraceuticals produces high quality supplements filled with microalgae and other nutrients. They specialise in micro-algae cultivation and have experts that process supplements. The product line of the company includes organic spirulina, organic chlorella, and organic phycocyanin, among others.
Now Health Group Inc. founded in 1968 and located in Illinois, United States, developed from a family business to manufacturing natural health products globally. The company provides customers with organic products and supplements packed with vitamins and minerals. They offer a vast variety of products such as beauty and health products, essential oils, sports nutrition, pet health, and dairy products.
Naturex S.A. is a botanical company which produces and sells plant-based extracts to the food industry for flavouring and preservation purposes. Based in Avigon, France, and founded in 1992, the company offers more than 600 natural ingredients. They have expertise in extraction, purification, solid and liquid formulation, with offerings such as baby food, soups, dairy, beverages, and meat and poultry.
Other market players include Sensient Technologies Corp., Naturain bio- resources Co. Ltd., DIC Corporation, and DDW Inc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by End Use |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Organic Spirulina Market Analysis
8.1 Key Industry Highlights
8.2 Global Organic Spirulina Historical Market (2018-2022)
8.3 Global Organic Spirulina Market Forecast (2023-2028)
8.4 Global Organic Spirulina Market by Form
8.4.1 Powder
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Tablets and Capsules
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Liquid
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Organic Spirulina Market by End Use
8.5.1 Nutraceuticals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Food and Beverage Industry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Animal Feed
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Cosmetics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Organic Spirulina Market by Sales Channel
8.6.1 Direct Sales
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Retail Sales
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Organic Spirulina Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Organic Spirulina Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Organic Spirulina Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Organic Spirulina Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Organic Spirulina Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Organic Spirulina Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sensient Technologies Corp.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Parry Nutraceuticals Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Now Health Group Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Naturex S.A.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Naturalin Bio-Resources Co., Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 DIC Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 DDW Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Organic Spirulina Market: Key Industry Highlights, 2018 and 2028
2. Global Organic Spirulina Historical Market: Breakup by Form (USD Million), 2018-2022
3. Global Organic Spirulina Market Forecast: Breakup by Form (USD Million), 2023-2028
4. Global Organic Spirulina Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Organic Spirulina Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Organic Spirulina Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
7. Global Organic Spirulina Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
8. Global Organic Spirulina Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Organic Spirulina Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Organic Spirulina Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Organic Spirulina Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Organic Spirulina Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Organic Spirulina Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Organic Spirulina Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Organic Spirulina Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Organic Spirulina Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Organic Spirulina Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Organic Spirulina Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Organic Spirulina Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Organic Spirulina Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 315 million.
The market is expected to grow at a CAGR of 7.20% between 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 476 million by 2028.
The growing demand for natural ingredients, increasing awareness regarding the health benefits of spirulina, preference for organic products, and expansion of production capabilities are major market drivers for organic spirulina.
Different initiatives by various governments, inclination towards healthy lifestyles, and inclusion of organic spirulina in cosmetics are some key trends of the market.
Organic spirulina is a form of spirulina which has been cultivated without the use of chemicals, and has many nutrient and antioxidant properties.
Organic spirulina comes in different forms like powder, liquid, and capsules and tablets, among others.
Organic spirulina is safe to be consumed as it is naturally made and has multiple nutrients.
Organic spirulina is an algae which can be found in water, with alkaline and saline water considered ideal for production of organic spirulina.
The key players in global organic spirulina market, according to the report, are Sensient Technologies Corp., Parry Nutraceuticals Limited, Now Health Group inc., Naturex S.A., Naturalin Bio-Recourses Co., Ltd, DIC Corporation, and DDW Inc., among others.
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