Spirulina Protein Market Size

Spirulina Protein Market Size

Spirulina Protein Market size was valued at USD 305 million in 2023 and is projected to expand at 7.5% CAGR from 2024 to 2032, due to increasing R&D initiatives. Spirulina is a nutrient-dense blue-green alga lauded for its high protein content and numerous health benefits, making it popular in nutrition and functional foods. Developments in biotechnology have greatly improved spirulina cultivation methods, increasing both yield and quality.

To get key market trends

  Download Free Sample

For instance, in December 2023, a University of Exeter study published in The Journal of Nutrition was the first to show that eating the widely available algae species such as Spirulina and chlorella provides more micronutrients and more protein than any meat, helping to restore muscle build in healthy young adults. 
 

Rising innovations in the industry, in line with consumers’ growing demand for environmentally friendly plant-based protein, ensure quality and sustainable production. Moreover, internal scientific studies have revealed the health benefits of Spirulina, such as anti-inflammatory qualities and immunosuppressive traits. This growing evidence about its benefits increases consumer confidence and satisfaction. As health and environmentally conscious consumers are driving the market trends, continuous efforts in R&D are crucial in expanding the global market.
 

However, despite these growth factors, the spirulina protein market faces restraints such as high cost of production, limited consumer awareness, and taste preference. Farming of Spirulina requires controlled conditions, which makes it expensive. In addition, some consumers are unaware of the benefits of Spirulina or find its taste unappealing, hindering its widespread uptake despite its nutritional benefits.