Spirulina Protein Market Size

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.

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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.