Spirulina Market

Spirulina Market Segmented by Form, Composition,
End-use Industry, and Region till 2025
Spirulina is a nutritional supplement, majorly obtained from the two species of
cyanobacteria, including arthrospira maxima and arthrospira platensis. Spirulina
is defined as a type of algae that grows naturally in the alkaline waters of lakes,
ponds, and rivers in warm regions. Spirulina is associated with high nutritional
value, including vitamins A, C, E, and B12, and minerals, protein,
carbohydrates, and essential lipids. Arthrospira is used in dietary supplements,
as whole food, and is available in varied forms such as capsules, tablets, flakes,
powder, and liquids. Furthermore, spirulina is extensively used as a feed
supplement in aquaculture, aquariums, and poultry industries.
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Growing awareness regarding the health benefits of spirulina super food among
consumers and wide variety of natural colors produced by spirulina are the
major factors propelling growth of the spirulina market. Furthermore, the
government of countries such as India, Ghana, and Angola are promoting the
production of spirulina, considering its health benefits, thus strengthening this
market. Spirulina comprises high anti-oxidant, hypolipidemic, beta-carotene,
and anti-inflammatory properties. Owing to exceptional properties, spirulina
offers health benefits including reduced cholesterol and blood pressure.
Growing penetration of spirulina in the cosmetics and pharmaceutical industries
is further expected to propel tremendous growth to this market during the
forecast period (2017 – 2025).
However, lower stability of natural colors derived from spirulina as compared to
synthetic colors is considered as a threat against market growth. These natural
colors have poor sustainability against the effect of light, thereby changing its
color easily.
In terms of revenue, Europe held a dominant position in the market in 2016,
accounting for 32.00% share in the global market for spirulina. Growth of the
market in the region is attributed to the increasing demand for naturally derived
food coloring agents in the region. Furthermore, in 2014, the European Food
Safety Authority (EFSA) has lowered the acceptable daily intake for synthetic
food color, including sunset yellow FCF (E110), ponceau 4R (E124), and
quinolone yellow (E104). This in turn, increased the demand for natural food
colors in the region, thus supporting growth of the spirulina market. As spirulina
has a high content of a natural pigments that imparts blue color and is combined
with other colors, in order to obtain new customized colors such as lavender,
violet, and green. However, the blue spirulina color is used extensively in the
food and beverages industry and is the most popular natural food color in the
region.
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Spirulina Market report categorizes the global market by Form, by Composition, by End-use Industry, and by Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

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