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Spirulina Protein Market Analysis

  • Report ID: GMI5387
  • Published Date: Oct 2022
  • Report Format: PDF

Spirulina Protein Market Analysis

Spirulina Protein Market By Species

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Spirulina protein market value from the arthrospira plantesis species segment was worth USD 150 million in 2021. Arthrospira plantesis is rich in beta-carotene which makes it an essential component in various nutritional food products. Consuming essential nutrients such as beta-carotene is crucial for improving human skin health and metabolism. With rising awareness about food and health safety issues and the emergence of the clean-label movement, the demand for plant-based foods will increase, driving the use of spirulina proteins such asarthrospira plantesis.

Spirulina Protein Market By Dosage Form

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The market share from the powder dosage form is projected to register over 10% CAGR from 2022-2030. Protein powders are among the most preferred source of protein, as they can be mixed and consumed with drinks, smoothies, and other food products. These powders can also be included in a variety of products such as healthy snacks, and confectioneries, which may contribute to increased product usage. In addition, the growing acceptance of natural and plant-based protein alternatives will also augment the consumption of spirulina protein powder as a food supplement.

Spirulina protein market value from the dietary supplements application segment is anticipated to exhibit over 6% CAGR between 2022-2030. The growing demand for food supplements has increased the development of novel dietary foods. Governments and industry leaders are catering to the rising consumer preference for plant-based protein supplements.

Since dietary supplements can provide nutritional enrichment to diets, their usage will grow steadily, in order to minimize health risks. Targeted nutrient enhancement will also contribute significantly to the growth of the nutrition and health sectors worldwide. This will fuel the consumption of dietary supplements like spirulina protein over the forthcoming years.

Spirulina Protein Market By Region

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Asia Pacific spirulina protein market size is anticipated to record over 7.5% CAGR from 2022-2030. This growth can be credited to the rising demand for algae-based ingredients as a source of protein. Spirulina protein is gaining traction among key feed manufacturers from the region, who use these ingredients in their animal feed products. Furthermore, the rapid development of the food & beverage sector is enabling the introduction of novel functional food products, which may drive regional market growth over the forecast period.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Global spirulina protein industry was worth more than USD 268 million in 2021 and is anticipated to exhibit over 7% CAGR between 2022-2030, on account of the growing demand for dietary supplements.

Spirulina protein industry share from the arthrospira plantesis segment was valued at USD 150 million in 2021, due to the rising awareness about the significance of functional ingredients for health and food safety.

Asia Pacific spirulina protein industry value is expected to depict more than 7.5% CAGR from 2022-2030, owing to the rising preference for algae-based protein ingredients.

ENERGYbits Inc., Far East Bio-Tec Co. Ltd., Nutrex Hawaii Inc., Allmicroalgae, E.I.d parry (India) Ltd. and Earthrise Nutritinals LLC are some of the major companies operating in the spirulina protein market.

Spirulina Protein Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 12
  • Tables & Figures: 281
  • Countries covered: 25
  • Pages: 250
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