Spirulina Market was valued at USD 481.46 Million in 2021, and it is expected to reach USD 1077.96 Million by 2029, exhibiting a CAGR of 10.6 % during the forecast period (2022-2029) Spirulina is a cyanobacteria (blue-green algae) biomass that people and animals may ingest. Arthrospira platensis, A. fusiformis, and A. maxima are the three species. Arthrospira is a plant that is grown all over the world and is used as a nutritional supplement or entire food. It is also utilised in the aquaculture, aquarium, and poultry sectors as a feed additive. Spirulina is being studied for its potential to solve food security and malnutrition, as well as as a nutritional supplement in long-term space flight or Mars expeditions. Its benefit for food security is that it requires less space and water to generate protein and energy than cattle. Spirulina powder comprises 5% water, 24% carbs, 8% fat, and about 60% (51-71% protein). Several research have been conducted on spirulina as an alternative feed for animals and aquaculture. Spirulina can be fed up to 10% for poultry and less than 4% for quail. Spirulina has been proven to be a safe alternative feedstock and immune booster for bigmouth buffalo, milk fish, cultured striped jack, carp, red sea bream, tilapia, catfish, yellow tail, zebrafish, shrimp, and abalone, with up to 2% spirulina per day in aquaculture feed. According to the National Institutes of Health, there is inadequate scientific evidence to advocate spirulina supplementation for any human condition, and additional study is needed to determine whether intake is beneficial. Spirulina has been studied as a technique to regulate glucose in diabetics, however the European Food Safety Authority dismissed the claims in 2013. Spirulina has been researched as a possible dietary supplement for HIV-infected adults and children, but no significant effect on risk of mortality, body weight, or immunological response was found.Research Methodology
The research report highly depends on both primary and secondary data sources. The research process involves the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges. All conceivable elements influencing the markets included in this research have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalised, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast. This data is combined and added with detailed inputs and analysis, and presented in the report. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive market engineering and calculations for market statistics; market size estimations; market forecasts; market breakdown; and data triangulation. Bottom-up technique is widely employed in the whole market engineering process, along with multiple data triangulation methodologies, to perform market estimation and forecasting for the overall market segments and sub-segments covered in this research.To know about the Research Methodology :- Request Free Sample Report
Spirulina Market Dynamics
Health Benefits of Spirulina Superfood: The spirulina market is likely to expand over the forecast period, thanks to rising consumer awareness of the health advantages of spirulina superfood and a diverse range of natural colours created by spirulina. Increased demand for cyanobacteria due to their assistance to weight loss, as well as a rising number of health clubs and fitness centres, are likely to fuel spirulina market share growth in the future years. Cyanobacteria's health advantages have led to its use in sweets, smoothies, juices, salads, and breakfast dishes. Natural Food Colors Produced from Spirulina: Factors such as the introduction of new variations of natural food colours derived from spirulina, the natural health benefits of spirulina superfood, and different government efforts connected to spirulina production are expected to drive the spirulina market over the forecast period. Spirulina in Pharmaceutical Products: Spirulina powder is in high demand in the skin and hair care industry as an ingredient in a variety of treatments, including anti-aging, wrinkles, grey hair, hair loss, and allergies. Spirulina powder is utilised in a variety of therapies, as well as a number of pharmaceutical goods, in the medical business. Furthermore, governments in countries such as India and South Africa are encouraging the production of spirulina due to its health advantages, which aids in the expansion of the spirulina market. Governments Promoting Production of Spirulina: Various governments have begun to promote spirulina production in order to enhance the market and provide a viable source of income for the rural people. Many governments, like India, Angola, and Ghana, are actively supporting the local spirulina market and creating a strong gateway for the growth of this superfood, which has the potential to transform the direction of food for the whole race. Spirulina-Based Products to Prevent Hunger: The rising demand for spirulina-based products to combat hunger during humanitarian disaster relief and military fighting circumstances is driving market expansion. Furthermore, the increasing usage of spirulina as a feed additive for intense animal growth and advancement is driving the global market forward. The business is also being fuelled by a trend in the animal husbandry and aquaculture industries away from chemical-based feed additives and toward organic alternatives. Synthetic Colors Usage Banned in EU Countries: The European Food Safety Authority (EFSA), the EU's food safety regulatory body, has outlawed the use of synthetic colours in items consumed in EU nations, supporting the growth of the natural colour sector. Blue Spirulina has become the most appealing hue in the world because to its characteristics and texture, and it is mostly used in the food and beverage industries. Because of its anti-oxidant, hypolipidemic, and anti-inflammatory properties, spirulina is in high demand in the food and beverage and cosmetics industries. Antioxidants protect the body from damage produced by dangerous molecules (free radicals), hence improving a person's health. Companies Focusing on Spirulina Products: Spirulina has high levels of Vitamins A, C, and E, as well as beta-carotene, with just a trace of Lutein Zeaxanthin - all of which are antioxidants that aid in the treatment of many illnesses and medical problems. The current trend for which firms are releasing novel items to meet the demands of modern society is changing customer tastes toward nutritious and healthful products. For example, Naked Juice introduced their 100% juice line, which includes spirulina as a key component. Key trends observed in the spirulina market include growing manufacturing of ready-to-drink spirulina smoothies and surging demand for spirulina in the bio-fuel sector, which is projected to drive spirulina demand over the forecast period. Lower Stability & Poor Sustainability: Natural colours created from spirulina have lower stability and sustainability when compared to synthetic colours, and tight government regulations are expected to hamper market growth during the forecast period. Untapped markets in emerging nations are also expected to create attractive prospects for market players.Spirulina Market Segment Analysis
Based on Drug Formulation, the global Spirulina market is segmented into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent. The Powder category accounted for 78% of the spirulina market in 2021 and is expected to expand at the fastest CAGR of 10.7% during the forecast period. This is mostly owing to increased demand from nutraceutical manufacturers as a consequence of expanding consumer health awareness, as well as its increasing use as an ingredient in a variety of food and beverage items.Based on Application, the global Spirulina market is segmented into Food & beverages, Nutraceutical, Animal and Aquaculture Feed, Pharmaceutical, Veterinary, Cosmetic, and Others. In 2021, the Nutraceutical category had the biggest market share of xx% and is likely to dominate the total spirulina market over the forecast period. This is due to increased concern about nutrition and health, as well as a preference for natural alternatives to standard pharmaceutical goods. Spirulina is also widely utilised in the food and beverage industries since it contains a high concentration of natural pigments that impart blue colour and may be blended with other colours to create new bespoke colours such as lavender, violet, and green. It is also widely used in the cosmetic and personal care industries. Furthermore, it is mostly utilised in cosmetic and personal care goods, particularly anti-aging cream.
Spirulina Market Regional Insights
North America held the greatest market share of 51% in 2021, followed by Europe and Asia Pacific, and is likely to maintain its lead in the Spirulina market during the forecast period. Because of the growing need in this region for organically derived food colouring ants. Due to the region's robust expansion in the food processing sector, Asia-Pacific is expected to expand at the fastest CAGR during the forecast period, providing profitable potential for market participants. Furthermore, increased demand for spirulina powder among vegetarian customers is another factor driving market expansion, since spirulina is a 100% vegetarian dietary supplement. Due to extensive spirulina production in countries such as Korea, Indonesia, and China, Asia Pacific is seeing substantial market expansion. The widespread use of spirulina in nutraceuticals for the production of protein-rich dietary supplements has boosted market growth. The region's spirulina market is also being driven by rising demand from the cosmetic and pharmaceutical industries. Europe is a major market due to manufacturers' increasing need for natural food colours in processed goods. Because of rising demand in the food and beverage sectors, such as bread and confectionery, France and the United Kingdom are prospective markets for spirulina. Consumer tastes are evolving toward minimally processed meals with greater visual appeal, which has benefited the market performance of clean-label ingredients such as spirulina.Report Scope:
The Spirulina Market research report includes product categorization, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the most recent dynamic analysis, among other things. The study discusses the global market's drivers, opportunities, and limitations. It discusses the influence of various drivers, trends, and constraints on market demand during the forecast period. The research also outlines market potential on a global scale. The research includes the production time, base distribution, technical characteristics, research and development trends, technology sources, and raw material sources of significant Spirulina Market firms in terms of production bases and technologies. The more precise research also contains the key application areas of market and consumption, significant regions and consumption, major producers, distributors, raw material suppliers, equipment providers, and their contact information, as well as an analysis of the industry chain relationship. This report's study also contains product specifications, manufacturing processes, cost structure, and data information organised by area, technology, and application.Spirulina Market Scope: Inquire before buying
Global Spirulina Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 481.46 Mn. Forecast Period 2022 to 2029 CAGR: 10.6% Market Size in 2029: US $ 1077.96 Mn. Segments Covered: by Type • ArthrospiraPlatensis • Arthrospira Maxima by Drug Formulation • Powder • Tablet & Capsule • Liquid • Granule & Gelling Agent by Application • Food & beverages • Nutraceutical • Animal and Aquaculture Feed • Pharmaceutical • Veterinary • Cosmetic • Others Spirulina Market, by Region
• North America • Europe • Asia Pacific • South America • Middle East and AfricaSpirulina Market Key Players
• Sensient Technologies Corp. • Parry Nutraceuticals Limited • Now Health Group Inc. • Naturex S.A. • Naturalin Bio-Resources Co., Ltd • GNT Holding B.V. • GNC Holdings, Inc. • Fuqing King DnarmsaSpirulina Co., Ltd. • FrakenBiochem Co., Ltd. • Far East Bio-Tec Co., Ltd. • Dongtai City Spirulina Bio-Engineering Co., Ltd. • Dhler GmbH • DIC Corporation • DDW Inc. • Cyanotech Corp • Chr. Hansen Holding A/S • Cabassi & Giuriati SpA • Echlorial • Givaudan international SA • Yunnan Green A Biological Project Co., Ltd • Earthrise Nutritionals, Llc • Zhejiang Comp Spirulina Co., Ltd.Frequently Asked Questions:
1] What segments are covered in Spirulina Market report? Ans. The segments covered in Spirulina Market report are based on Type, Drug Formulation and Application. 2] Which region is expected to hold the highest share in the global Spirulina Market? Ans. North America is expected to hold the highest share in the global Spirulina Market. 3] What is the market size of global Spirulina Market by 2029? Ans. The market size of global Spirulina Market by 2029 is US $ 1077.96 Mn. 4] Who are the top key players in the global Spirulina Market? Ans. Sensient Technologies Corp., Parry Nutraceuticals Limited, Now Health Group Inc., Naturex S.A., Naturalin Bio-Resources Co., Ltd and GNT Holding B.V. are the top key players in the global Spirulina Market. 5] What was the market size of global Spirulina Market in 2021? Ans. The market size of global Spirulina Market in 2021 was US $ 481.46 Mn. 6] By Application, What segments are covered in global Spirulina Market report? Ans. The segments covered in global Spirulina Market report by application are Food & beverages, Nutraceutical, Animal and Aquaculture Feed, Pharmaceutical, Veterinary, Cosmetic and Others.
To know about the Research Methodology :- 
Based on Application, the global Spirulina market is segmented into Food & beverages, Nutraceutical, Animal and Aquaculture Feed, Pharmaceutical, Veterinary, Cosmetic, and Others. In 2021, the Nutraceutical category had the biggest market share of xx% and is likely to dominate the total spirulina market over the forecast period. This is due to increased concern about nutrition and health, as well as a preference for natural alternatives to standard pharmaceutical goods. Spirulina is also widely utilised in the food and beverage industries since it contains a high concentration of natural pigments that impart blue colour and may be blended with other colours to create new bespoke colours such as lavender, violet, and green. It is also widely used in the cosmetic and personal care industries. Furthermore, it is mostly utilised in cosmetic and personal care goods, particularly anti-aging cream.
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.2. Secondary data 2.3.3. Secondary Sources 2.3.4. Primary Research 2.3.5. Data from Primary Sources 2.3.6. Breakdown of Primary Sources 3. Executive Summary : Global Spirulina Market, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends in Global Spirulina Market and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Spirulina Market Analysis and Forecast 6.1. Global Spirulina Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Spirulina Market Analysis and Forecast, By Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Spirulina Market Value Share Analysis, By Type 7.4. Global Spirulina Market Size (US$ Bn) Forecast, By Type 7.5. Global Spirulina Market Analysis, By Type 7.6. Global Spirulina Market Attractiveness Analysis, By Type 8. Global Spirulina Market Analysis and Forecast, By Drug Formulation 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Spirulina Market Value Share Analysis, By Drug Formulation 8.4. Global Spirulina Market Size (US$ Bn) Forecast, By Drug Formulation 8.5. Global Spirulina Market Analysis, By Drug Formulation 8.6. Global Spirulina Market Attractiveness Analysis, By Drug Formulation 9. Global Spirulina Market Analysis and Forecast, By Application 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Spirulina Market Value Share Analysis, By Application 9.4. Global Spirulina Market Size (US$ Bn) Forecast, By Application 9.5. Global Spirulina Market Analysis, By Application 9.6. Global Spirulina Market Attractiveness Analysis, By Application 10. Global Spirulina Market Analysis, by Region 10.1. Global Spirulina Market Value Share Analysis, by Region 10.2. Global Spirulina Market Size (US$ Bn) Forecast, by Region 10.3. Global Spirulina Market Attractiveness Analysis, by Region 11. North America Spirulina Market Analysis 11.1. Key Findings 11.2. North America Spirulina Market Overview 11.3. North America Spirulina Market Value Share Analysis, By Type 11.4. North America Spirulina Market Forecast, By Type 11.4.1. ArthrospiraPlatensis 11.4.2. Arthrospira Maxima 11.5. North America Spirulina Market Value Share Analysis, By Drug Formulation 11.6. North America Spirulina Market Forecast, By Drug Formulation 11.6.1. Powder 11.6.2. Tablet & Capsule 11.6.3. Liquid 11.6.4. Granule & Gelling Agent 11.7. North America Spirulina Market Value Share Analysis, By Application 11.8. North America Spirulina Market Forecast, By Application 11.8.1. Food & beverages 11.8.2. Nutraceutical 11.8.3. Animal and Aquaculture Feed 11.8.4. Pharmaceutical 11.8.5. Veterinary 11.8.6. Cosmetic 11.8.7. Others 11.9. North America Spirulina Market Value Share Analysis, by Country 11.10. North America Spirulina Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Spirulina Market Analysis, by Country 11.12. U.S. Spirulina Market Forecast, By Type 11.12.1. ArthrospiraPlatensis 11.12.2. Arthrospira Maxima 11.13. U.S. Spirulina Market Forecast, By Drug Formulation 11.13.1. Powder 11.13.2. Tablet & Capsule 11.13.3. Liquid 11.13.4. Granule & Gelling Agent 11.14. U.S. Spirulina Market Forecast, By Application 11.14.1. Food & beverages 11.14.2. Nutraceutical 11.14.3. Animal and Aquaculture Feed 11.14.4. Pharmaceutical 11.14.5. Veterinary 11.14.6. Cosmetic 11.14.7. Others 11.15. Canada Spirulina Market Forecast, By Type 11.15.1. ArthrospiraPlatensis 11.15.2. Arthrospira Maxima 11.16. Canada Spirulina Market Forecast, By Drug Formulation 11.16.1. Powder 11.16.2. Tablet & Capsule 11.16.3. Liquid 11.16.4. Granule & Gelling Agent 11.17. Canada Spirulina Market Forecast, By Application 11.17.1. Food & beverages 11.17.2. Nutraceutical 11.17.3. Animal and Aquaculture Feed 11.17.4. Pharmaceutical 11.17.5. Veterinary 11.17.6. Cosmetic 11.17.7. Others 11.18. North America Spirulina Market Attractiveness Analysis 11.18.1. By Type 11.18.2. By Drug Formulation 11.18.3. By Application 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Development 12. Europe Spirulina Market Analysis 12.1. Key Findings 12.2. Europe Spirulina Market Overview 12.3. Europe Spirulina Market Value Share Analysis, By Type 12.4. Europe Spirulina Market Forecast, By Type 12.4.1. ArthrospiraPlatensis 12.4.2. Arthrospira Maxima 12.5. Europe Spirulina Market Value Share Analysis, By Drug Formulation 12.6. Europe Spirulina Market Forecast, By Drug Formulation 12.6.1. Powder 12.6.2. Tablet & Capsule 12.6.3. Liquid 12.6.4. Granule & Gelling Agent 12.7. Europe Spirulina Market Value Share Analysis, By Application 12.8. Europe Spirulina Market Forecast, By Application 12.8.1. Food & beverages 12.8.2. Nutraceutical 12.8.3. Animal and Aquaculture Feed 12.8.4. Pharmaceutical 12.8.5. Veterinary 12.8.6. Cosmetic 12.8.7. Others 12.9. Europe Spirulina Market Value Share Analysis, by Country 12.10. Europe Spirulina Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe Spirulina Market Analysis, by Country 12.12. Germany Spirulina Market Forecast, By Type 12.12.1. ArthrospiraPlatensis 12.12.2. Arthrospira Maxima 12.13. Germany Spirulina Market Forecast, By Drug Formulation 12.13.1. Powder 12.13.2. Tablet & Capsule 12.13.3. Liquid 12.13.4. Granule & Gelling Agent 12.14. Germany Spirulina Market Forecast, By Application 12.14.1. Food & beverages 12.14.2. Nutraceutical 12.14.3. Animal and Aquaculture Feed 12.14.4. Pharmaceutical 12.14.5. Veterinary 12.14.6. Cosmetic 12.14.7. Others 12.15. U.K. Spirulina Market Forecast, By Type 12.15.1. ArthrospiraPlatensis 12.15.2. Arthrospira Maxima 12.16. U.K. Spirulina Market Forecast, By Drug Formulation 12.16.1. Powder 12.16.2. Tablet & Capsule 12.16.3. Liquid 12.16.4. Granule & Gelling Agent 12.17. U.K. Spirulina Market Forecast, By Application 12.17.1. Food & beverages 12.17.2. Nutraceutical 12.17.3. Animal and Aquaculture Feed 12.17.4. Pharmaceutical 12.17.5. Veterinary 12.17.6. Cosmetic 12.17.7. Others 12.18. France Spirulina Market Forecast, By Type 12.18.1. ArthrospiraPlatensis 12.18.2. Arthrospira Maxima 12.19. France Spirulina Market Forecast, By Drug Formulation 12.19.1. Powder 12.19.2. Tablet & Capsule 12.19.3. Liquid 12.19.4. Granule & Gelling Agent 12.20. France Spirulina Market Forecast, By Application 12.20.1. Food & beverages 12.20.2. Nutraceutical 12.20.3. Animal and Aquaculture Feed 12.20.4. Pharmaceutical 12.20.5. Veterinary 12.20.6. Cosmetic 12.20.7. Others 12.21. Italy Spirulina Market Forecast, By Type 12.21.1. ArthrospiraPlatensis 12.21.2. Arthrospira Maxima 12.22. Italy Spirulina Market Forecast, By Drug Formulation 12.22.1. Powder 12.22.2. Tablet & Capsule 12.22.3. Liquid 12.22.4. Granule & Gelling Agent 12.23. Italy Spirulina Market Forecast, By Application 12.23.1. Food & beverages 12.23.2. Nutraceutical 12.23.3. Animal and Aquaculture Feed 12.23.4. Pharmaceutical 12.23.5. Veterinary 12.23.6. Cosmetic 12.23.7. Others 12.24. Spain Spirulina Market Forecast, By Type 12.24.1. ArthrospiraPlatensis 12.24.2. Arthrospira Maxima 12.25. Spain Spirulina Market Forecast, By Drug Formulation 12.25.1. Powder 12.25.2. Tablet & Capsule 12.25.3. Liquid 12.25.4. Granule & Gelling Agent 12.26. Spain Spirulina Market Forecast, By Application 12.26.1. Food & beverages 12.26.2. Nutraceutical 12.26.3. Animal and Aquaculture Feed 12.26.4. Pharmaceutical 12.26.5. Veterinary 12.26.6. Cosmetic 12.26.7. Others 12.27. Rest of Europe Spirulina Market Forecast, By Type 12.27.1. ArthrospiraPlatensis 12.27.2. Arthrospira Maxima 12.28. Rest of Europe Spirulina Market Forecast, By Drug Formulation 12.28.1. Powder 12.28.2. Tablet & Capsule 12.28.3. Liquid 12.28.4. Granule & Gelling Agent 12.29. Rest of Europe Spirulina Market Forecast, By Application 12.29.1. Food & beverages 12.29.2. Nutraceutical 12.29.3. Animal and Aquaculture Feed 12.29.4. Pharmaceutical 12.29.5. Veterinary 12.29.6. Cosmetic 12.29.7. Others 12.30. Europe Spirulina Market Attractiveness Analysis 12.30.1. By Type 12.30.2. By Drug Formulation 12.30.3. By Application 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Development 13. Asia Pacific Spirulina Market Analysis 13.1. Key Findings 13.2. Asia Pacific Spirulina Market Overview 13.3. Asia Pacific Spirulina Market Value Share Analysis, By Type 13.4. Asia Pacific Spirulina Market Forecast, By Type 13.4.1. Arthrospira Platensis 13.4.2. Arthrospira Maxima 13.5. Asia Pacific Spirulina Market Value Share Analysis, By Drug Formulation 13.6. Asia Pacific Spirulina Market Forecast, By Drug Formulation 13.6.1. Powder 13.6.2. Tablet & Capsule 13.6.3. Liquid 13.6.4. Granule & Gelling Agent 13.7. Asia Pacific Spirulina Market Value Share Analysis, By Application 13.8. Asia Pacific Spirulina Market Forecast, By Application 13.8.1. Food & beverages 13.8.2. Nutraceutical 13.8.3. Animal and Aquaculture Feed 13.8.4. Pharmaceutical 13.8.5. Veterinary 13.8.6. Cosmetic 13.8.7. Others 13.9. Asia Pacific Spirulina Market Value Share Analysis, by Country 13.10. Asia Pacific Spirulina Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Spirulina Market Analysis, by Country 13.12. China Spirulina Market Forecast, By Type 13.12.1. ArthrospiraPlatensis 13.12.2. Arthrospira Maxima 13.13. China Spirulina Market Forecast, By Drug Formulation 13.13.1. Powder 13.13.2. Tablet & Capsule 13.13.3. Liquid 13.13.4. Granule & Gelling Agent 13.14. China Spirulina Market Forecast, By Application 13.14.1. Food & beverages 13.14.2. Nutraceutical 13.14.3. Animal and Aquaculture Feed 13.14.4. Pharmaceutical 13.14.5. Veterinary 13.14.6. Cosmetic 13.14.7. Others 13.15. India Spirulina Market Forecast, By Type 13.15.1. ArthrospiraPlatensis 13.15.2. Arthrospira Maxima 13.16. India Spirulina Market Forecast, By Drug Formulation 13.16.1. Powder 13.16.2. Tablet & Capsule 13.16.3. Liquid 13.16.4. Granule & Gelling Agent 13.17. India Spirulina Market Forecast, By Application 13.17.1. Food & beverages 13.17.2. Nutraceutical 13.17.3. Animal and Aquaculture Feed 13.17.4. Pharmaceutical 13.17.5. Veterinary 13.17.6. Cosmetic 13.17.7. Others 13.18. Japan Spirulina Market Forecast, By Type 13.18.1. ArthrospiraPlatensis 13.18.2. Arthrospira Maxima 13.19. Japan Spirulina Market Forecast, By Drug Formulation 13.19.1. Powder 13.19.2. Tablet & Capsule 13.19.3. Liquid 13.19.4. Granule & Gelling Agent 13.20. Japan Spirulina Market Forecast, By Application 13.20.1. Food & beverages 13.20.2. Nutraceutical 13.20.3. Animal and Aquaculture Feed 13.20.4. Pharmaceutical 13.20.5. Veterinary 13.20.6. Cosmetic 13.20.7. Others 13.21. ASEAN Spirulina Market Forecast, By Type 13.21.1. ArthrospiraPlatensis 13.21.2. Arthrospira Maxima 13.22. ASEAN Spirulina Market Forecast, By Drug Formulation 13.22.1. Powder 13.22.2. Tablet & Capsule 13.22.3. Liquid 13.22.4. Granule & Gelling Agent 13.23. ASEAN Spirulina Market Forecast, By Application 13.23.1. Food & beverages 13.23.2. Nutraceutical 13.23.3. Animal and Aquaculture Feed 13.23.4. Pharmaceutical 13.23.5. Veterinary 13.23.6. Cosmetic 13.23.7. Others 13.24. Rest of Asia Pacific Spirulina Market Forecast, By Type 13.24.1. ArthrospiraPlatensis 13.24.2. Arthrospira Maxima 13.25. Rest of Asia Pacific Spirulina Market Forecast, By Drug Formulation 13.25.1. Powder 13.25.2. Tablet & Capsule 13.25.3. Liquid 13.25.4. Granule & Gelling Agent 13.26. Rest of Asia Pacific Spirulina Market Forecast, By Application 13.26.1. Food & beverages 13.26.2. Nutraceutical 13.26.3. Animal and Aquaculture Feed 13.26.4. Pharmaceutical 13.26.5. Veterinary 13.26.6. Cosmetic 13.26.7. Others 13.27. Asia Pacific Spirulina Market Attractiveness Analysis 13.27.1. By Type 13.27.2. By Drug Formulation 13.27.3. By Application 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Development 14. Middle East & Africa Spirulina Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Spirulina Market Overview 14.3. Middle East & Africa Spirulina Market Value Share Analysis, By Type 14.4. Middle East & Africa Spirulina Market Forecast, By Type 14.4.1. ArthrospiraPlatensis 14.4.2. Arthrospira Maxima 14.5. Middle East & Africa Spirulina Market Value Share Analysis, By Drug Formulation 14.6. Middle East & Africa Spirulina Market Forecast, By Drug Formulation 14.6.1. Powder 14.6.2. Tablet & Capsule 14.6.3. Liquid 14.6.4. Granule & Gelling Agent 14.7. Middle East & Africa Spirulina Market Value Share Analysis, By Application 14.8. Middle East & Africa Spirulina Market Forecast, By Application 14.8.1. Food & beverages 14.8.2. Nutraceutical 14.8.3. Animal and Aquaculture Feed 14.8.4. Pharmaceutical 14.8.5. Veterinary 14.8.6. Cosmetic 14.8.7. Others 14.9. Middle East & Africa Spirulina Market Value Share Analysis, by Country 14.10. Middle East & Africa Spirulina Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Spirulina Market Analysis, by Country 14.12. GCC Spirulina Market Forecast, By Type 14.12.1. ArthrospiraPlatensis 14.12.2. Arthrospira Maxima 14.13. GCC Spirulina Market Forecast, By Drug Formulation 14.13.1. Powder 14.13.2. Tablet & Capsule 14.13.3. Liquid 14.13.4. Granule & Gelling Agent 14.14. GCC Spirulina Market Forecast, By Application 14.14.1. Food & beverages 14.14.2. Nutraceutical 14.14.3. Animal and Aquaculture Feed 14.14.4. Pharmaceutical 14.14.5. Veterinary 14.14.6. Cosmetic 14.14.7. Others 14.15. South Africa Spirulina Market Forecast, By Type 14.15.1. ArthrospiraPlatensis 14.15.2. Arthrospira Maxima 14.16. South Africa Spirulina Market Forecast, By Drug Formulation 14.16.1. Powder 14.16.2. Tablet & Capsule 14.16.3. Liquid 14.16.4. Granule & Gelling Agent 14.17. South Africa Spirulina Market Forecast, By Application 14.17.1. Food & beverages 14.17.2. Nutraceutical 14.17.3. Animal and Aquaculture Feed 14.17.4. Pharmaceutical 14.17.5. Veterinary 14.17.6. Cosmetic 14.17.7. Others 14.18. Rest of Middle East & Africa Spirulina Market Forecast, By Type 14.18.1. Arthrospira Platensis 14.18.2. Arthrospira Maxima 14.19. Rest of Middle East & Africa Spirulina Market Forecast, By Drug Formulation 14.19.1. Powder 14.19.2. Tablet & Capsule 14.19.3. Liquid 14.19.4. Granule & Gelling Agent 14.20. Rest of Middle East & Africa Spirulina Market Forecast, By Application 14.20.1. Food & beverages 14.20.2. Nutraceutical 14.20.3. Animal and Aquaculture Feed 14.20.4. Pharmaceutical 14.20.5. Veterinary 14.20.6. Cosmetic 14.20.7. Others 14.21. Middle East & Africa Spirulina Market Attractiveness Analysis 14.21.1. By Type 14.21.2. By Drug Formulation 14.21.3. By Application 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Development 15. South America Spirulina Market Analysis 15.1. Key Findings 15.2. South America Spirulina Market Overview 15.3. South America Spirulina Market Value Share Analysis, By Type 15.4. South America Spirulina Market Forecast, By Type 15.4.1. ArthrospiraPlatensis 15.4.2. Arthrospira Maxima 15.5. South America Spirulina Market Value Share Analysis, By Drug Formulation 15.6. South America Spirulina Market Forecast, By Drug Formulation 15.6.1. Powder 15.6.2. Tablet & Capsule 15.6.3. Liquid 15.6.4. Granule & Gelling Agent 15.7. South America Spirulina Market Value Share Analysis, By Application 15.8. South America Spirulina Market Forecast, By Application 15.8.1. Food & beverages 15.8.2. Nutraceutical 15.8.3. Animal and Aquaculture Feed 15.8.4. Pharmaceutical 15.8.5. Veterinary 15.8.6. Cosmetic 15.8.7. Others 15.9. South America Spirulina Market Value Share Analysis, by Country 15.10. South America Spirulina Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Spirulina Market Analysis, by Country 15.12. Brazil Spirulina Market Forecast, By Type 15.12.1. ArthrospiraPlatensis 15.12.2. Arthrospira Maxima 15.13. Brazil Spirulina Market Forecast, By Drug Formulation 15.13.1. Powder 15.13.2. Tablet & Capsule 15.13.3. Liquid 15.13.4. Granule & Gelling Agent 15.14. Brazil Spirulina Market Forecast, By Application 15.14.1. Food & beverages 15.14.2. Nutraceutical 15.14.3. Animal and Aquaculture Feed 15.14.4. Pharmaceutical 15.14.5. Veterinary 15.14.6. Cosmetic 15.14.7. Others 15.15. Mexico Spirulina Market Forecast, By Type 15.15.1. ArthrospiraPlatensis 15.15.2. Arthrospira Maxima 15.16. Mexico Spirulina Market Forecast, By Drug Formulation 15.16.1. Powder 15.16.2. Tablet & Capsule 15.16.3. Liquid 15.16.4. Granule & Gelling Agent 15.17. Mexico Spirulina Market Forecast, By Application 15.17.1. Food & beverages 15.17.2. Nutraceutical 15.17.3. Animal and Aquaculture Feed 15.17.4. Pharmaceutical 15.17.5. Veterinary 15.17.6. Cosmetic 15.17.7. Others 15.18. Rest of South America Spirulina Market Forecast, By Type 15.18.1. ArthrospiraPlatensis 15.18.2. Arthrospira Maxima 15.19. Rest of South America Spirulina Market Forecast, By Drug Formulation 15.19.1. Powder 15.19.2. Tablet & Capsule 15.19.3. Liquid 15.19.4. Granule & Gelling Agent 15.20. Rest of South America Spirulina Market Forecast, By Application 15.20.1. Food & beverages 15.20.2. Nutraceutical 15.20.3. Animal and Aquaculture Feed 15.20.4. Pharmaceutical 15.20.5. Veterinary 15.20.6. Cosmetic 15.20.7. Others 15.21. South America Spirulina Market Attractiveness Analysis 15.21.1. By Type 15.21.2. By Drug Formulation 15.21.3. By Application 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Development 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A by Regions, Investment and Applications 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. Sensient Technologies Corp. 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Company Footprint 16.3.2. Parry Nutraceuticals Limited 16.3.3. Now Health Group Inc. 16.3.4. Naturex S.A. 16.3.5. Naturalin Bio-Resources Co., Ltd 16.3.6. GNT Holding B.V. 16.3.7. GNC Holdings, Inc. 16.3.8. Fuqing King Dnarmsa Spirulina Co., Ltd. 16.3.9. FrakenBiochem Co., Ltd. 16.3.10. Far East Bio-Tec Co., Ltd. (ALGAPHARMA BIOTECH CORP.) 16.3.11. Dongtai City Spirulina Bio-Engineering Co., Ltd. 16.3.12. Dhler GmbH 16.3.13. DIC Corporation 16.3.14. DDW Inc. 16.3.15. Cyanotech Corp 16.3.16. Chr. Hansen Holding A/S 16.3.17. Cabassi & Giuriati SpA 16.3.18. Echlorial 16.3.19. Givaudan international SA 16.3.20. Yunnan Green A Biological Project Co., Ltd 16.3.21. Earthrise Nutritionals, Llc 16.3.22. Zhejiang Comp Spirulina Co., Ltd. 17. Primary Key Insights