Global Spirulina Market, by Form (Powder, Tablet / Capsules, Liquid, Granules), by Composition (Protein, Carbohydrates, Minerals, Lipids, and Others), by End-use Industry (Food & Beverages, Nutraceuticals, Cosmetics and Personal Care, Feed, Pharmaceuticals, and Others), and by Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

  • Published On : Oct 2017 |
  • Pages : 312 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Spirulina Market - Insights

Spirulina is a nutritional supplement, majorly obtained from the two species of cyanobacteria, including arthrospira maxima and arthrospira platensis. Spirulina is defined as a type of algae that grows naturally in the alkaline waters of lakes, ponds, and rivers in warm regions. Spirulina is associated with high nutritional value, including vitamins A, C, E, and B12, and minerals, protein, carbohydrates, and essential lipids. Arthrospira is used in dietary supplements, as whole food, and is available in varied forms such as capsules, tablets, flakes, powder, and liquids. Furthermore, spirulina is extensively used as a feed supplement in aquaculture, aquariums, and poultry industries.

Growing awareness regarding the health benefits of spirulina super food among consumers and wide variety of natural colors produced by spirulina are the major factors propelling growth of the spirulina market. Furthermore, the government of countries such as India, Ghana, and Angola are promoting the production of spirulina, considering its health benefits, thus strengthening this market. Spirulina comprises high anti-oxidant, hypolipidemic, beta-carotene, and anti-inflammatory properties. Owing to exceptional properties, spirulina offers health benefits including reduced cholesterol and blood pressure. Growing penetration of spirulina in the cosmetics and pharmaceutical industries is further expected to propel tremendous growth to this market during the forecast period (2017 – 2025).

However, lower stability of natural colors derived from spirulina as compared to synthetic colors is considered as a threat against market growth. These natural colors have poor sustainability against the effect of light, thereby changing its color easily.

In terms of revenue, Europe held a dominant position in the market in 2016, accounting for 32.00% share in the global market for spirulina. Growth of the market in the region is attributed to the increasing demand for naturally derived food coloring agents in the region. Furthermore, in 2014, the European Food Safety Authority (EFSA) has lowered the acceptable daily intake for synthetic food color, including sunset yellow FCF (E110), ponceau 4R (E124), and quinolone yellow (E104). This in turn, increased the demand for natural food colors in the region, thus supporting growth of the spirulina market. As spirulina has a high content of a natural pigments that imparts blue color and is combined with other colors, in order to obtain new customized colors such as lavender, violet, and green. However, the blue spirulina color is used extensively in the food and beverages industry and is the most popular natural food color in the region.

Asia Pacific is expected to be the fastest growing market for spirulina, witnessing highest CAGR of 14.48%, owing to robust growth of the food processing industry in the region. Furthermore, growing demand for spirulina powder among vegetarian consumers is another factor fueling growth of this market, as spirulina is a 100% vegetarian dietary supplement. According to the Food and Agriculture Organization of the United Nations, India recorded the lowest rate of meat consumption in the world in 2007, which is due to the large number of vegetarian demographics, residing in India. Rapidly growing aquaculture in the region is expected to fuel the spirulina market during the forecast period, owing to the extensive consumption of spirulina in aquatic farming and hatchery. According to the Food and Agriculture Organization of the United Nations (FAO), the aquaculture in Asia Pacific has recorded an appreciable growth in the past three decades and in 2014. Owing to this, Asia Pacific was projected as the key supplier to the global seafood trade, with Asian aquaculture being the major contributor in the traded seafood commodities. This fully fledged aquaculture in the region is in turn boosting growth of the spirulina market.

On the basis of form, the global spirulina market is segmented into powder, tablets/capsules, liquids, and granules. The powder segment held a dominant position, in terms of volume, in 2016 due to its ease of application as compared to the liquid form. The segment is expected to maintain its dominance during the forecast period, witnessing highest CAGR among others. Furthermore, the tablets and capsules segment is expected to be the second largest segment during the forecast period.

Figure1. Global Spirulina Market Share, By Form, 2016

spirulina market

Source: Coherent Market Insights 2017

On the basis of composition, the market is segmented into protein, carbohydrates, minerals, lipids, and others, with protein being the major contributor in the global growth of spirulina market, as of 2016. This is majorly due to its high protein content and presence of all essential amino acids with less amounts of cysteine, lysine, and methionine as compared to standard proteins, including milk, eggs or meat. However, the spirulina protein is superior to all standard plant protein, including legumes.

Major players operating in the spirulina market are Sensient Technologies Corporation, Algaetech International Sdn Bhd, DDW The Color House, Algene Biotech, Chr. Hansen Holding A/S, Cyanotech Corporation, DIC Corporation, Fuqing King Dnarmsa Spirulina Co. Ltd, and Sunrise Nutrachem Group Co. Ltd. 

Spirulina is a blue-green microalgae comprising high protein content, with a wide range of application across the food and beverages, nutraceuticals, cosmetics & personal care, and animal feed industry. The food and beverages industry is the major contributor for growth in the global spirulina market. Spirulina has various health benefits and has an ability to overcome malnutrition due to its high content of protein, vitamins, minerals, antioxidants, and carotenoids.

Market Dynamics

Growing awareness regarding the health benefits of consuming natural food colors over synthetic food colors among consumers and stringent government regulations such as European Food Safety Authority (EFSA), against the trading of synthetic food colors infused products are major factors propelling growth of the spirulina market.

Europe held a dominant position in the spirulina market in 2016, owing to the growing demand for natural food colors among consumers. Spirulina is considered as the most popular natural food color among the food and beverages manufacturers in the region. Furthermore, the extensive usage of spirulina in the cosmetic & personal care industry is fueling market growth, owing to the anti- aging property of spirulina.

Asia Pacific is expected to project the fastest growth in the global spirulina market during the forecast period. Rapid penetration of the spirulina in the food & beverages and pharmaceuticals industries is largely contributing to the overall growth of the market in the region. Furthermore, high demand for processed food in emerging economies including India, China, and Vietnam coupled with the developments in aquaculture are expected to boost growth of the spirulina market in the region during the forecast period.

 

Key features of the study:

  • This report provides in-depth analysis of the spirulina market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global spirulina market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
  • The global spirulina market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the spirulina market

Detailed Segmentation

  • Global Spirulina Market, By Form
    • Powder
    • Tablets / Capsules
    • Liquid
    • Granules
  • Global Spirulina Market, By Composition
    • Protein
    • Carbohydrates
    • Minerals
    • Lipids
    • Others
  • Global Spirulina Market, By End-use Industry
    • Food and Beverages
    • Nutraceuticals
    • Cosmetics & Personal Care
    • Feed
    • Pharmaceuticals
    • Others
  • Global Spirulina Market, By Geography:
    • North America
      • U.S.
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Canada
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
    • Europe
      • UK
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Germany
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Italy
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • France
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Spain
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Russia
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Rest of Europe
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
    • Asia Pacific
      • China
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • India
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Japan
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • ASEAN
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Australia
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • South Korea
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Rest of Asia Pacific
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
    • Latin America
      • Brazil
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Argentina
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Rest of Latin America
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
    • Africa
      • Northern Africa
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Central Africa
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • South Africa
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
    • Middle East
      • GCC
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Israel
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
      • Rest of Middle-East
        • By Form
          • Powder
          • Tablets / Capsules
          • Liquid
          • Granules
        • By Composition
          • Protein
          • Carbohydrates
          • Minerals
          • Lipids
          • Others
        • By End-use Industry
          • Food and Beverages
          • Nutraceuticals
          • Cosmetics & Personal Care
          • Feed
          • Pharmaceuticals
          • Others
  • Company Profiles
    • Sensient Technologies Corporation*
      • Company Overview
      • Product Portfolio
      • Market Presence
      • Financial Overview
      • Key Developments
      • Strategies
    • Algaetech International Sdn Bhd
    • DDW The Color House
    • Algene Biotech
    • Chr. Hansen Holding A/S
    • Cyanotech Corporation
    • DIC Corporation
    • Fuqing King Dnarmsa Spirulina Co. Ltd.
    • Sunrise Nutrachem Group Co. Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

 

Table of Content

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Form
      • Market Snippet, By Composition
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Composition Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Spirulina Market, By Form, 2016- 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Tablets/ Capsules
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Liquid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Granules
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
  5. Global Spirulina Market, By Composition, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Protein
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Carbohydrates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Minerals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Lipids
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
  6. Global Spirulina Market, By End-use Industry, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Food and Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
        • Meat & Poultry
        • Bakery
        • Confectionary
    • Nutraceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Cosmetics & Personal Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Feed
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth , 2016 - 2025, (US$ Million)
  7. Global Spirulina Market, By Region, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2016 - 2025
    • North America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • China
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
    • Africa
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • GCC
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Form, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Composition, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By End-use Industry, 2016 - 2025 (US$ Million)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Sensient Technologies Corporation
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Algaetech International Sdn Bhd
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DDW The Color House
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Algene Biotech
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chr. Hansen Holding A/S
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cyanotech Corporation
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DIC Corporation
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Fuqing King Dnarmsa Spirulina Co. Ltd
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sunrise Nutrachem Group Co.Ltd
        • Company Overview
        • Composition Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

* Browse 120 market data tables* and 90 figures* on "Spirulina Market” - Global forecast to 2025.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

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