Home > Food & Beverages > Proteins > Animal-Based Proteins > Spirulina Protein Market

Spirulina Protein Market Size

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

Spirulina Protein Market Size

Spirulina Protein Market size was valued at over USD 268 million in 2021 and is expected to depict more than 7% CAGR from 2022-2030. Rising preference for protein-rich diets for animal feed to bolster industry growth over the forecast period.

 

Spirulina Protein Market

To understand key trends  
Download Free Sample
 

Dietary supplements are included in the diet to lower the risk of health problems such as arthritis or osteoporosis. Although there is a rising need for proteins in the diet, the growing preference for plant-based foods has reduced the protein levels in the human body. Therefore, plant-based proteins such as spirulina are being used to provide the required nutrition without the consumption of meat. Moreover, the ease of availability of spirulina protein as a supplement at health food stores is increasing its consumer acceptance.

 

The challenges associated with the production of algae-based products may hamper the market growth to a certain extent. It is difficult to improve the growth rate and product synthesis of algae. Furthermore, it is challenging to dewater algae culture for producing biomass, pretreating biomass, and maximizing the fermentation process. Such complexities in the production process may limit the demand for plant-based spirulina proteins and impact industry growth.

 

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

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

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