Organic Spirulina Powder Market Size, Share, Growth, and Industry Analysis, By Type (Food Grade, Cosmetic Grade, Pharmaceutical Grade), By Application (Cosmetics and Personal Care, Pharmaceutical and Nutraceutical, Animal Feed, Food and Beverage and Others) and Regional Forecast to 2032

Updated On: 29 April 2024

ORGANIC SPIRULINA POWDER MARKET REPORT OVERVIEW

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The global organic spirulina powder market size was USD 4.21 million in 2022, and the market is projected to touch USD 7.29 million by 2032, exhibiting a CAGR of 5.64% during the forecast period.

Organic spirulina powder is a dietary supplement made from the blue-green microalgae known as Spirulina. It is called "organic" when the spirulina is cultivated and processed according to organic farming standards, which means it is free from synthetic pesticides, herbicides, and genetically modified organisms (GMOs). Organic certification ensures that the spirulina is grown in a sustainable and environmentally friendly manner.

The organic spirulina powder market has experienced significant growth in recent years, driven by an increasing demand for natural and organic health supplements. Consumers are increasingly looking for plant-based, nutrient-rich options to enhance their diets. Spirulina is often promoted as a source of essential nutrients, making it a popular choice for health enthusiasts.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic disrupted global supply chains, including those related to organic spirulina powder production. Lockdowns, restrictions on movement, and reduced workforce availability impacted the harvesting, processing, and transportation of spirulina products. Spirulina powder is often included in dietary supplements, which saw increased demand. Manufacturers of these supplements faced challenges in maintaining production levels due to supply chain disruptions and changes in regulations. Fluctuations in the supply and demand for organic spirulina led to price volatility in the market. While increased demand initially boosted prices, supply disruptions and increased costs of production contributed to uncertainty.

LATEST TRENDS

"Growing Health and Wellness Awareness to Drive Market Growth"

Consumers were increasingly looking for natural and organic products as part of a broader trend toward healthier lifestyles. Spirulina was seen as a nutrient-rich superfood, and its organic variant appealed to health-conscious individuals.  Spirulina is a plant-based protein source and aligns with the rising demand for vegan and vegetarian products. This was particularly important as plant-based diets gained popularity. Organic spirulina powder was used in the sports and fitness industry due to its high protein content and potential performance benefits. Athletes and fitness enthusiasts turned to spirulina for its nutrient density.  Organic spirulina producers were focusing on sustainable and ethical sourcing practices. This included environmentally responsible cultivation and fair labor practices, appealing to consumers concerned about the environmental and social impact of their purchases. Companies were developing various spirulina-based products beyond just powder, including spirulina capsules, tablets, energy bars, and smoothie mixes. This diversification aimed to attract a broader consumer base.

ORGANIC SPIRULINA POWDER MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into food grade, cosmetic grade, and pharmaceutical grade.

Food grade spirulina powder is suitable for consumption as a dietary supplement or as an ingredient in food products. Cosmetic grade spirulina powder is specifically designed for use in skincare and cosmetic products. Pharmaceutical grade spirulina powder is of the highest quality and purity, meeting the strict standards and regulations required for use in pharmaceutical products.

By type, Food Grade segment accounted for the largest share of market.

• By Application

Based on application the global market can be categorized into cosmetics and personal care, pharmaceutical and nutraceutical, animal feed, food and beverage and others.

Spirulina powder is often used in skincare products due to its potential benefits for the skin. It is recognized for its high content of nutrients and bioactive compounds, such as proteins, vitamins, minerals, and chlorophyll. Spirulina is also used in the animal feed industry, primarily for aquaculture and livestock. It can be used as a natural food coloring and flavoring agent in various food and beverage products. Spirulina has various other potential applications, such as in the production of algae-based biofuels, wastewater treatment, and as a source of sustainable protein for human consumption, especially in regions with food scarcity.

The market's largest segment by application is the segment Food and Beverage.

DRIVING FACTORS

"Increasing Demand for Organic Products to Boost the Market"

One of the key driving factors in the global organic spirulina powder market growth is the increasing health consciousness and growing demand for organic products. As people become more health-conscious, they are seeking out natural and organic superfoods like spirulina for their nutritional benefits. Spirulina is known for its high protein content, vitamins, minerals, and antioxidants, making it a popular choice for health-conscious consumers. There is a global trend towards organic and natural products, driven by concerns about chemical residues and environmental sustainability. Organic spirulina powder is produced without synthetic pesticides and fertilizers, which appeals to consumers looking for cleaner and more sustainable food options. Spirulina is rich in nutrients, including protein, vitamins (e.g., B vitamins and vitamin K), minerals (e.g., iron and magnesium), and essential fatty acids. It is also known for its potential health benefits, such as supporting immune function, reducing inflammation, and aiding in detoxification. These nutritional and health benefits drive demand for spirulina powder.

"Rising Demand for Vegan and Vegetarian Diets to Expand the Market"

Spirulina is a popular source of plant-based protein and essential nutrients for vegans and vegetarians. As the number of people adopting these diets increases, so does the demand for spirulina products.  Spirulina is often used by athletes and fitness enthusiasts as a natural dietary supplement to support their training and recovery due to its high protein content and potential energy-boosting effects.  Ongoing scientific research and positive media coverage about the health benefits of organic spirulina powder contribute to its popularity and increased demand in the market.

RESTRAINING FACTOR

"Limited Supply and Price Fluctuations to Impede Market Growth"

Spirulina is a natural product that grows in water bodies like lakes and ponds. The supply of organic spirulina can be limited, and its growth is dependent on various environmental factors. This limited supply can restrain the market's growth, as it can be challenging to meet the increasing demand. The price of organic spirulina powder can be subject to fluctuations due to factors such as climate conditions, production methods, and transportation costs. These price fluctuations can make it challenging for consumers to predict the cost of organic spirulina products, which may affect demand.

ORGANIC SPIRULINA POWDER MARKET REGIONAL INSIGHTS

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"North America to Dominate in the Market due to Presence of a Large Consumer Base"

North America has emerged as the most dominant region in the organic spirulina powder market share due to several factors. The U.S. has been a significant market for spirulina powder due to its growing health-conscious population. Health food stores, online retailers, and dietary supplement manufacturers have been key players in promoting spirulina powder in this region, further contributing to its dominance in the global market share.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The organic spirulina powder market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in organic spirulina powders, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• EID Parry (India)
• Aim Grow Biotech Co., Ltd (Canada)
• Yunnan Green A Biological Project Co., Ltd (China)
• Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
• Guangxi Nongken Lvxian Biological Health Food Co., Ltd. (China)

INDUSTRIAL DEVELOPMENT

• August 2023: Cyanotech Corporation reported the launch of BioAstin Hawaiian Astaxanthin in another conveyance structure, water-dispersible powder, accessible in both 1% and 2% focuses. BioAstin Hawaiian Astaxanthin is an intense cell reinforcement got from normal Haematococcus pluvialis microalgae become on Hawaii's Kona Coast.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.