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Spirulina Powder Market Size

Report ID: GMI2077
Published Date: Aug 2023
Report Format: PDF

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Spirulina Powder Market Size

Spirulina Powder Market size was valued at USD 462.2 million in 2022 and is estimated to expand at a CAGR of 7.7% between 2023 and 2032. Spirulina powder is a highly nutritious superfood rich in protein, essential amino acids, vitamins (B-complex, vitamin E), minerals (iron, magnesium, potassium), and antioxidants. Consumers seeking natural and nutrient-dense food options have contributed to the demand for spirulina powder as a dietary supplement.

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The increasing focus on health and wellness has led consumers to seek functional foods that can support their overall well-being. Spirulina powder's potential health benefits, including immune system support, detoxification properties, and potential anti-inflammatory effects, align with the growing health-conscious consumer base.

Spirulina Powder Market Report Attributes
Report Attribute	Details
Base Year:	2018
Spirulina Powder Market Size in 2018:	USD 462.2 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.7%
2032 Value Projection:	USD 970.2 Million
Historical Data for:	2018 to 2032
No. of Pages:	220
Tables, Charts & Figures:	301
Segments covered:	Cultivation Method, Processing Method, Certification, Application, Distribution Channel, Region
Growth Drivers:	Growing Demand for Plant-Based Protein Growing consumer awareness on health benefits Expansion in Food and Beverage Applications
Pitfalls & Challenges:	Quality Control and Contamination Price volatility of products Competition with Alternative Protein Sources

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Maintaining consistent quality and purity of spirulina powder can be challenging. Contamination with toxins or heavy metals, improper processing, or inadequate storage can affect the safety and quality of the product. The production of spirulina powder can be influenced by various factors, including weather conditions, spirulina powder market demand, and production costs. Spirulina powder competes with other protein sources, such as pea protein, soy protein, and hemp protein.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Spirulina powder market recorded USD 462.2 million in 2022 and is estimated to reach USD 970.2 million by the end of 2032, due to increasing demand for nutritious superfoods rich in protein and other supplements.

The open pond cultivation method segment reached USD 187.2 million in 2022 and will accumulate strong revenue share through 2032, owing to growing adoption for large-scale spirulina production.

The spray drying application segment held over 40% market share in 2022 and is expected to witness significant growth by 2032, driven by the increasing demand for products with longer shelf lives.

U.S. market size dominated around USD 109.2 million in 2022 and will see significant growth through 2032, attributed to the increasing focus on health and wellness, and high demand for super nutrient foods in the region.