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Spirulina Protein Market Analysis

  • Report ID: GMI5387
  • Published Date: Jun 2024
  • Report Format: PDF

Spirulina Protein Market Analysis

The market from the capsules segment will register 8.9% CAGR through 2032. Arthrospira platensis, the most widely cultivated Spirulina, is rich in protein, essential amino acids, vitamins, and minerals, making it a highly sought-after ingredient in health products, functional foods, and animal feed. Furthermore, extensive research and development efforts continue to highlight its health benefits, such as immunosuppression, anti-inflammatory properties, and tissue regeneration, increasing its market appeal. Further, as awareness of the benefits of Arthrospira platensis grows, the market is set to expand significantly.
 

Spirulina Protein Market Revenue Share, By Species, (2023)

The arthospira plantesis segment is set to witness 6.4% CAGR in the spirulina protein market through 2032. Spirulina capsules provide an easy and effective way to incorporate this nutrient-dense algae into your daily diet and are attractive to health-conscious individuals who want to take an easy-to-use option. High in protein, vitamins, and antioxidants, the capsules provide various health benefits, such as boosting the immune system, increasing energy levels, and supporting the immune system to revitalize the roots.
 

Furthermore, the binder preserves the nutrients in the compost and prolongs its life. As more people realize the health benefits of Spirulina and prioritize the right supplements, the Spirulina protein capsule market is poised to grow exponentially.
 

Asia-Pacific Spirulina Protein Market Size, 2024 - 2032 (USD Million)

Asia Pacific spirulina protein market will exceed USD 113 million by 2032. Countries such as China, India, and Japan are leading the way, with consumers becoming increasingly health-conscious and seeking nutrient-dense products. Known for its high protein content and numerous health benefits, Spirulina is gaining popularity in dietary supplements, functional foods, and beverages.
 

Additionally, government support for sustainable agriculture and the promotion of alternative proteins is driving the market. An expanding middle-class population in the region, with increased disposable income, also contributes to increased healthcare awareness. As awareness of the benefits of spirulina spreads, the Asia Pacific market is set to continue its strong growth trajectory.
 

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of spirulina protein reached USD 305 million in 2023 and will witness 7.5% CAGR between 2024 and 2032, led by growing consumer awareness of health and wellness, increasing demand for plant-based proteins, and the rising popularity of superfoods.

Spirulina protein capsules market will register 8.9% CAGR from 2024 to 2032, primarily due to their convenience, easy dosage, and burgeoning demand for dietary supplements.

Asia Pacific Market size will exceed USD 113 million by 2032, propelled by increasing health consciousness, rising disposable incomes, and the long-standing tradition of incorporating algae-based foods in regional diets.

Some of the key industry players are Nutrex Hawaii Inc., Earthrise Nutritinals LLC, Prolgae Spirulina Supplies Pvt. Ltd., Far East Bio-Tec Co. Ltd., Yunna Green A biological Project Co. Ltd., Cyanotech Corporation, E.I.d Parry (India) Ltd., ENERGYbits Inc., Allmicroalgae, among others.

Spirulina Protein Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 270
  • Countries covered: 25
  • Pages: 374
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