Enjoy complimentary customisation on priority with our Enterprise License!
The spirulina market size is forecast to increase by USD 211.3 billion at a CAGR of 8% between 2023 and 2028. The market is driven by the increasing health consciousness among consumers and the growing demand for naturally sourced nutritional supplements. This microalgae, also known as blue-green algae or cyanobacteria, is renowned for its rich nutritional profile, which includes high levels of protein, thiamin, riboflavin, antioxidants, and other essential nutrients. The ancient Aztecs and Africans have used spirulina for centuries due to its health benefits derived from photosynthesis. However, the high processing costs associated with producing spirulina supplements pose a challenge to market growth. Despite this, the market is expected to experience steady growth due to the increasing awareness of the health benefits of this unique algae.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.