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Spirulina Market Growth Drivers, Developments, Technology and Future Trends 2018-2024

Spirulina Market

According to a new report published by FAST.MR, titled, “Spirulina Market” witnessed a market value of USD XXX billion in 2018 and is considered to surpass USD XXX billion by 2024, recording a compound annual growth rate (CAGR) of XX% between 2018 and 2024. The Spirulina market is analysed based on regions, by type, by end user and by distribution channel. The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The research report also includes detailed competitive analysis of dominant market players in Spirulina market.

Spirulina is a blue-green alga that is known for nutritional capabilities. Spirulina is a nutrient-dense food, high in protein, vitamins, and minerals and offers many potential health benefits. Due to the strong demand for nutritional foods, the global spirulina market reached at a market valuation of USD XX.X Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019-2024.

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Market Insights

Growth Drivers – Spirulina Market

Health Benefits of Spirulina

Spirulina, considered a superfood, is a high-nutrient, low-calorie food that contains a lot of nutrition even in a small amount. Enriched with exceptional nutrient density, Spirulina offers several health benefits such as cholesterol-lowering, improvements in blood pressure and endothelial function, and others. Consumption of Spirulina also helps in managing blood sugar, increasing muscle strength and endurance, treating anemia, and offers many health benefits. Since there is a strong demand for healthy & nutrition-luxurious food products, it is expected that the global spirulina market will thrive at an unprecedented rate in the coming years.

Growing Use of Spirulina to Fight Obesity

Research has stated that Spirulina is beneficial in losing weight. Spirulina works as a functional food for obese and diabetic individuals and is used in a weight loss program. Worldwide obesity has nearly tripled since 1975, and obese individuals are looking for the solution in food items. Regular consumption of Spirulina not only improved BMI and weight but also results in improvements in blood pressure and endothelial function. Growing obesity coupled with Spirulina’s capability to reduce weight is likely to bolster the growth of global spirulina market in the near future.

Wide Application Area of Spirulina

Spirulina is used in a wide range of application, including skincare, medicine, food color, and more. Further, the food & beverage industry is coming forward to use every possible natural ingredient in food development in order to develop a healthier food product. This going green trend in the food & beverage industry is poised to back the spirulina market in the near future. Spirulina is available in different forms such as capsules, powder, and others, which makes Spirulina very easy to consume and fits into an individual’s busy schedule.

Barriers – Spirulina Market

Low awareness among the population regarding Spirulina and its health benefits is a critical challenge in global spirulina market. Apart from this, the availability of alternatives is another major issue in global spirulina market.

Market Trends – Spirulina Market

Online Stores for Spirulina Products

The manufactures of such products are strongly considering online channels to market & distribute these spirulina products. Online stores have emerged as one of the most favorable sales channels in the spirulina products market since it is easily accessible to a large consumer base around the globe.

Segmentation Analysis

The spirulina market is segmented in different categories including by type, by form, by application, and by distribution channel. The market is segmented by type into Arthrospira Platensis and Arthrospira Maxima. Among this segment, the Arthrospira Platensis is expected to capture significant shares of the market in 2018. Global Arthrospira Platensis segment was totaled at USD XXX.X billion in 2018 and is projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2019 to 2024. Moreover, based on the application, the spirulina market is further sub-segmented into cosmetics, nutraceuticals, food & beverage, animal feed, and others. Among which nutraceuticals segment is about to register a remarkable growth rate in upcoming years. The report is further breakdown into two more sections including by form (powder, capsules, and others) and by distribution channels (online stores and offline stores).

Geographical Analysis

Regionally, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. When it comes to spirulina market, Europe is the leader in spirulina market. The Europe region has acquired significant market shares and is poised to continue its dominance in the coming years. Government support and high awareness rate have fueled the market growth in this region.

Competitive Analysis

The report also covers detailed competitive analysis of major market players of the global spirulina market, such as Kapiva, Gandalf Spirulina, Vitality Products Inc., Swisse Wellness PTY LTD., Swanson, WeightWorld, Planet Health Pty Ltd., KIKI Ltd., Zhou Nutrition, Organika Health Products Inc. and other major & notable players. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by business segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

Segmentation

By Type

– Arthrospira Platensis
– Arthrospira Maxima

By Form

– Capsule
– Powder
– Others

By Application

– Cosmetics
– Nutraceuticals
– Food & Beverage
– Animal Feed
– Others

By Distribution Channel:

– Online Stores
– Offline Stores

By Geography

– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
– Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
– Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as
• Kapiva
• Gandalf Spirulina
• Vitality Products Inc.
• Swisse Wellness PTY LTD.
• Swanson
• WeightWorld
• Planet Health Pty Ltd.
• KIKI Ltd.
• Zhou Nutrition
• Organika Health Products Inc.
• Other Major & Niche Players

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Table Of Content:

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary

2. Growth Drivers & Issues in Global Spirulina Market
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Europe
2.5. Middle East & Africa

3. Global Spirulina Market Trends
4. Opportunities in Global Spirulina Market
5. Recent Industry Activities, 2018
6. Porter’s Five Forces Analysis
7. Macro-Economic Trends
8. PEST Analysis
9. Market Value Chain and Supply Chain Analysis
10. Global Spirulina Market Value (USD Million), 2018-2024

11. Global Spirulina Market Segmentation Analysis, By Type
11.1. Introduction
11.2. Market Attractiveness, By Type
11.3. BPS Analysis, By Type
11.4. Arthrospira Platensis Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.5. Arthrospira Maxima Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

12. Global Spirulina Market Segmentation Analysis, By Form
12.1. Introduction
12.2. Market Attractiveness, By Form
12.3. BPS Analysis, By Form
12.4. Capsule Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
12.5. Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
12.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

13. Global Spirulina Market Segmentation Analysis, By Application
13.1. Introduction
13.2. Market Attractiveness, By Application
13.3. BPS Analysis, By Application
13.4. Cosmetics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.5. Nutraceuticals Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.6. Food & Beverage Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.7. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14. Global Spirulina Market Segmentation Analysis, By Distribution Channel
14.1. Introduction
14.2. Market Attractiveness, By Distribution Channel
14.3. BPS Analysis, By Distribution Channel
14.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15. Geographical Analysis
15.1. Introduction
15.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.1. By Type
15.2.1.1. Introduction
15.2.1.2. Market Attractiveness, By Type
15.2.1.3. BPS Analysis, By Type
15.2.1.4. Arthrospira Platensis Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.1.5. Arthrospira Maxima Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.2.2. By Form
15.2.2.1. Introduction
15.2.2.2. Market Attractiveness, By Form
15.2.2.3. BPS Analysis, By Form
15.2.2.4. Capsule Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.2.5. Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.2.3. By Application
15.2.3.1. Introduction
15.2.3.2. Market Attractiveness, By Application
15.2.3.3. BPS Analysis, By Application
15.2.3.4. Cosmetics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.3.5. Nutraceuticals Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.3.6. Food & Beverage Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.3.7. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.2.4. By Distribution Channel
15.2.4.1. Introduction
15.2.4.2. Market Attractiveness, By Distribution Channel
15.2.4.3. BPS Analysis, By Distribution Channel
15.2.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.2.5. By Country
15.2.5.1. Market Attractiveness, By Country
15.2.5.2. BPS Analysis, By Country
15.2.5.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.2.5.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.1. By Type
15.3.1.1. Introduction
15.3.1.2. Market Attractiveness, By Type
15.3.1.3. BPS Analysis, By Type
15.3.1.4. Arthrospira Platensis Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.1.5. Arthrospira Maxima Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.3.2. By Form
15.3.2.1. Introduction
15.3.2.2. Market Attractiveness, By Form
15.3.2.3. BPS Analysis, By Form
15.3.2.4. Capsule Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.2.5. Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.3.3. By Application
15.3.3.1. Introduction
15.3.3.2. Market Attractiveness, By Application
15.3.3.3. BPS Analysis, By Application
15.3.3.4. Cosmetics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.3.5. Nutraceuticals Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.3.6. Food & Beverage Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.3.7. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.3.4. By Distribution Channel
15.3.4.1. Introduction
15.3.4.2. Market Attractiveness, By Distribution Channel
15.3.4.3. BPS Analysis, By Distribution Channel
15.3.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.3.5. By Country
15.3.5.1. Market Attractiveness, By Country
15.3.5.2. BPS Analysis, By Country
15.3.5.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.5.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.5.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.5.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.5.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.5.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.3.5.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.4. Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.1. By Type
15.4.1.1. Introduction
15.4.1.2. Market Attractiveness, By Type
15.4.1.3. BPS Analysis, By Type
15.4.1.4. Arthrospira Platensis Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.1.5. Arthrospira Maxima Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.2. By Form
15.4.2.1. Introduction
15.4.2.2. Market Attractiveness, By Form
15.4.2.3. BPS Analysis, By Form
15.4.2.4. Capsule Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.2.5. Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.3. By Application
15.4.3.1. Introduction
15.4.3.2. Market Attractiveness, By Application
15.4.3.3. BPS Analysis, By Application
15.4.3.4. Cosmetics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.3.5. Nutraceuticals Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.3.6. Food & Beverage Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.3.7. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.4. By Distribution Channel
15.4.4.1. Introduction
15.4.4.2. Market Attractiveness, By Distribution Channel
15.4.4.3. BPS Analysis, By Distribution Channel
15.4.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5. By Country
15.4.5.1. Market Attractiveness, By Country
15.4.5.2. BPS Analysis, By Country
15.4.5.3. China Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.4. India Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.5. Japan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.6. South Korea Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.7. Indonesia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.8. Taiwan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.9. Australia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.10. New Zealand Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.4.5.11. Rest of Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5. Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.1. By Type
15.5.1.1. Introduction
15.5.1.2. Market Attractiveness, By Type
15.5.1.3. BPS Analysis, By Type
15.5.1.4. Arthrospira Platensis Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.1.5. Arthrospira Maxima Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.2. By Form
15.5.2.1. Introduction
15.5.2.2. Market Attractiveness, By Form
15.5.2.3. BPS Analysis, By Form
15.5.2.4. Capsule Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.2.5. Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.3. By Application
15.5.3.1. Introduction
15.5.3.2. Market Attractiveness, By Application
15.5.3.3. BPS Analysis, By Application
15.5.3.4. Cosmetics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.3.5. Nutraceuticals Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.3.6. Food & Beverage Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.3.7. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.4. By Distribution Channel
15.5.4.1. Introduction
15.5.4.2. Market Attractiveness, By Distribution Channel
15.5.4.3. BPS Analysis, By Distribution Channel
15.5.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.5. By Country
15.5.5.1. Market Attractiveness, By Country
15.5.5.2. BPS Analysis, By Country
15.5.5.3. Brazil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.5.4. Mexico Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.5.5.5. Rest of Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6. Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.1. By Type
15.6.1.1. Introduction
15.6.1.2. Market Attractiveness, By Type
15.6.1.3. BPS Analysis, By Type
15.6.1.4. Arthrospira Platensis Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.1.5. Arthrospira Maxima Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.2. By Form
15.6.2.1. Introduction
15.6.2.2. Market Attractiveness, By Form
15.6.2.3. BPS Analysis, By Form
15.6.2.4. Capsule Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.2.5. Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.3. By Application
15.6.3.1. Introduction
15.6.3.2. Market Attractiveness, By Application
15.6.3.3. BPS Analysis, By Application
15.6.3.4. Cosmetics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.3.5. Nutraceuticals Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.3.6. Food & Beverage Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.3.7. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.4. By Distribution Channel
15.6.4.1. Introduction
15.6.4.2. Market Attractiveness, By Distribution Channel
15.6.4.3. BPS Analysis, By Distribution Channel
15.6.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.5. By Geography
15.6.5.1. Market Attractiveness, By Geography
15.6.5.2. BPS Analysis, By Geography
15.6.5.3. GCC Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.5.4. North Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.5.5. South Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
15.6.5.6. Rest of Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

16. Competitive Landscape
16.1. Market Share of Key Players
16.2. Market Positioning of Major Players in Global Spirulina Market
16.3. Company Profiles
16.3.1. Planet Health Pty Ltd.
16.3.1.1. Company Overview
16.3.1.2. Product Offered
16.3.1.3. Business Strategy
16.3.1.4. Financials
16.3.1.5. SWOT Analysis
16.3.1.6. Market Share Analysis
16.3.1.7. Key Achievements & Developments
16.3.2. Kapiva
16.3.3. Gandalf Spirulina
16.3.4. Vitality Products Inc.
16.3.5. Swisse Wellness PTY LTD.
16.3.6. Swanson
16.3.7. WeightWorld
16.3.8. KIKI Ltd.
16.3.9. Zhou Nutrition
16.3.10. Organika Health Products Inc.
16.3.11. Other Major & Niche Players

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