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Spirulina Powder Market Trends

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

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Spirulina Powder Market Trends

The trend of adopting plant-based diets and seeking alternative protein sources drove the demand for spirulina powder as it is a nutrient-dense and sustainable plant-based protein. Spirulina powder gained popularity as a superfood due to its rich nutritional profile, including vitamins, minerals, antioxidants, and essential amino acids, making it appealing to health-conscious consumers. Spirulina powder found applications in a wide range of food and beverage products, such as smoothies, energy bars, snacks, and health drinks, due to its natural color, nutritional benefits, and potential health claims.

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.