Global Spirulina Extracts Market to Reach US$1.2 Billion by 2030

The global market for Spirulina Extracts estimated at US$626.3 Million in the year 2023, is expected to reach US$1.2 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2023-2030. Arthrospira Platensis, one of the segments analyzed in the report, is expected to record a 10.0% CAGR and reach US$762.8 Million by the end of the analysis period. Growth in the Arthrospira Maxima segment is estimated at 8.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$170.5 Million While China is Forecast to Grow at 8.6% CAGR

The Spirulina Extracts market in the U.S. is estimated at US$170.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$177.9 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.3% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Global Spirulina Extracts Market - Key Trends and Drivers Summarized

Why Are Spirulina Extracts Gaining Popularity in the Health and Wellness Industry?
Spirulina extracts are gaining significant popularity in the health and wellness industry due to their rich nutrient profile, antioxidant properties, and versatile applications. As a blue-green algae, spirulina is packed with proteins, vitamins, minerals, and bioactive compounds, making it a sought-after ingredient in dietary supplements, functional foods, and beverages. The growing consumer demand for natural, plant-based, and superfood ingredients, driven by the increasing awareness of health and wellness, vegan diets, and preventive healthcare, is expanding the adoption of spirulina extracts across various sectors. With their potential benefits in boosting immunity, reducing inflammation, and supporting cardiovascular and metabolic health, spirulina extracts are becoming a key ingredient in the global nutraceuticals market.

How Are Technological Advancements Impacting the Spirulina Extracts Market?
Technological advancements in spirulina cultivation, harvesting, and processing are significantly enhancing the quality, purity, and nutritional value of spirulina extracts, driving their demand in food, beverage, and nutraceutical applications. The development of advanced extraction techniques, such as cold press, supercritical CO2 extraction, and enzymatic hydrolysis, is enabling the production of high-purity, high-nutrient spirulina extracts with enhanced bioavailability and stability. Innovations in sustainable, closed-loop, and zero waste spirulina cultivation systems are gaining traction, addressing the growing demand for eco-friendly, organic, and non-GMO spirulina products. Moreover, the integration of spirulina extracts in novel food, beverage, and cosmetic formulations, including energy bars, smoothies, protein powders, skincare, and anti-aging products, is expanding their application scope, supporting the growth of the spirulina extracts market.

Which Market Segments Are Leading the Growth of the Spirulina Extracts Industry?
Product types include powder, liquid, tablets, and capsules, with powder form holding the largest market share due to its versatility, ease of use, and wide range of applications. Applications of spirulina extracts span dietary supplements, functional foods and beverages, cosmetics, pharmaceuticals, and animal feed, with dietary supplements being the dominant segment due to the high demand for superfoods, immunity boosters, and protein-rich ingredients. End-use industries include food and beverage, nutraceuticals, cosmetics, pharmaceuticals, and animal feed, with nutraceuticals leading the market due to the increasing focus on preventive healthcare, functional nutrition, and clean label products. Geographically, North America and Europe are the largest markets for spirulina extracts, driven by high consumer awareness, health consciousness, and sustainable food trends, while Asia-Pacific is expected to witness rapid growth due to rising demand for plant-based nutrition, superfoods, and dietary supplements.

What Are the Key Drivers of Growth in the Spirulina Extracts Market?
The growth in the spirulina extracts market is driven by several factors, including rising demand for natural, plant-based, and superfood ingredients, technological advancements in spirulina cultivation, harvesting, and processing, and the increasing focus on health and wellness, vegan diets, and functional foods. The need to provide high-quality, nutrient-rich, and versatile spirulina extracts for various food, beverage, nutraceutical, and cosmetic applications is driving the demand for spirulina extracts across multiple sectors. Technological innovations in advanced extraction techniques, sustainable cultivation systems, and novel formulations, coupled with advancements in product development, packaging, and marketing strategies, are enhancing the quality, stability, and marketability of spirulina extracts, supporting market growth. The expansion of spirulina extract applications in pharmaceuticals, animal feed, aquaculture, and pet food, along with the growing emphasis on clean label, organic, and non-GMO products, is creating new opportunities for market players. Additionally, the focus on developing innovative, eco-friendly, and high-nutrient spirulina extracts for diverse consumer preferences and dietary needs is further propelling the growth of the spirulina extracts market.