Table of Contents
- Introduction
- Editor’s Choice
- Global Spirulina Market Overview
- Nutrient Profile of Spirulina
- Production and Cultivation Aspects of Spirulina
- Application, Commercialized Form, And Marketing Price of Spirulina Biomass Produced Globally
- Top Exporters of Spirulina Powder
- Top Importers of Spirulina Powder
- Consumer Preferences
Introduction
According to Spirulina Statistics, Spirulina, classified as a type of blue-green algae, is well-known for its dense nutritional content and perceived health benefits. It contains abundant protein, vitamins, minerals, antioxidants, and essential fatty acids.
Many individuals use Spirulina as a supplement to support the immune system and potentially alleviate inflammation and oxidative stress. Additionally, it’s believed to reduce LDL cholesterol levels and boost energy levels potentially.
Due to its versatility, Spirulina is frequently employed as a natural food coloring or dietary supplement in various food products. Its rapid growth rate and minimal environmental impact make it an environmentally friendly food source with possible ecological advantages.
In summary, Spirulina offers a practical and nutrient-rich option for enhancing overall health and well-being.
Editor’s Choice
- By 2032, the global Spirulina market revenue is forecasted to reach USD 1,338.4 million.
- Spirulina is renowned for its high protein content, comprising approximately 60-70% of its composition, making it an excellent source of plant-based protein.
- Earthrise Nutritionals in the USA produces Spirulina Natural primarily for food consumption, available in powder and capsule forms, with an annual production of 550 tons over 5 hectares and marketed at a price range of USD 100-244 per kilogram.
- Spirulina powder, a sought-after superfood renowned for its nutritional benefits, sees significant global export activity, with India as the leading exporter, shipping out 2074 kg units.
- The United States emerges as the leading importer, receiving 1970 kg unit shipments, highlighting the nation’s substantial appetite for this health supplement.
- Investing in nutrients is the second significant factor affecting Spirulina biomass production, constituting around 15% to 25% of overall expenses.
- In 2021, a substantial % of respondents, 25%, preferred products free from artificial ingredients, reflecting a heightened awareness and demand for natural alternatives.
Global Spirulina Market Overview
Global Spirulina Market Size
- The global Spirulina market has experienced steady growth in revenue over the years at a CAGR of 10.1%, with revenues reaching USD 511.4 million in 2022 and increasing to USD 563.0 million in 2023.
- This growth trend continues, with projections indicating a revenue of USD 619.9 million in 2024 and further increases to USD 682.5 million in 2025, USD 751.4 million in 2026, and USD 827.3 million in 2027.
- The market is expected to surpass the USD 1 billion mark by 2029, reaching USD 1,002.9 million, and continue to rise to USD 1,104.1 million in 2030 and USD 1,215.7 million in 2031.
- By 2032, the global Spirulina market revenue is forecasted to reach USD 1,338.4 million.
Nutrient Profile of Spirulina
- Spirulina, per 100 grams, offers a rich nutrient profile. It contains approximately 57 grams of protein, constituting 50-70% of its weight and providing all essential amino acids, making it a complete protein source.
- Additionally, it provides omega-3 fatty acids, including linolenic acid, at a rate of 0.8 grams per 100 grams, and omega-6 fatty acids, such as linoleic acid and GLA, at 1.2 grams per 100 grams.
- While Spirulina contains vitamin B12, it’s essential to note that the form present is a pseudovitamin B12, which is inactive and unreliable for human B12 supplementation.
- Spirulina offers notable amounts of other vitamins, including 11% DV of vitamin A, 17% of vitamin C, 32% of vitamin K, and 25% of vitamin E.
- It’s also a source of various B vitamins like thiamin (B1), riboflavin (B2), niacin (B3), folic acid, and pantothenic acid (B5), along with carotenoids such as beta-carotene, lutein, zeaxanthin, and cryptoxanthin.
Key Contents in Spirulina
- Spirulina, a highly valued dietary supplement, boasts an impressive nutrient profile.
- It is renowned for its high protein content, comprising approximately 60-70% of its composition, making it an excellent source of plant-based protein.
- Additionally, spirulina contains essential lipids, constituting around 4-7% of its content, providing beneficial fatty acids crucial for overall health.
- Carbohydrates are also present in spirulina, albeit in a smaller proportion, accounting for approximately 13.50% of its composition.
Production and Cultivation Aspects of Spirulina
- To ensure successful commercial production of Spirulina, carefully controlling the culture medium’s composition is crucial.
- This involves managing high salts like carbonate and bicarbonate and maintaining an alkaline pH ranging from 9.5 to 9.8. These conditions are necessary to prevent contamination from other microalgae effectively.
- Investing in nutrients is the second significant factor affecting Spirulina biomass production, constituting around 15% to 25% of overall expenses.
- While research on reusing the culture medium for commercial Spirulina production is limited, doing so could result in significant cost savings by reducing water and nutrient consumption. This approach can decrease water demand post-biomass harvesting by up to 84%.
- Temperature significantly impacts Spirulina’s growth rate, with the ideal range between 30°C and 38°C. Growth is inhibited below 17°C and above 38°C, with minimal growth below 15°C.
Application, Commercialized Form, And Marketing Price of Spirulina Biomass Produced Globally
- Globally, Spirulina biomass finds various applications and is commercialized in different forms.
- Earthrise Nutritionals in the USA produces Spirulina Natural primarily for food consumption, available in powder and capsule forms, with an annual production of 550 tons over 5 hectares and marketed at a price range of USD 100-244 per kilogram.
- Cyanotech Co. in the USA offers Hawaiian Spirulina as a food product in powder and tablet forms, produced over 36.5 hectares, with a sales value ranging from USD 105 to USD 190 per kilogram.
- In Japan, DIC Lifetec Co. produces DIC Spirulina in powder and tablet forms for food and feed purposes, with an annual production of 350 tons.
- Parry Nutraceuticals in India produces Organic Spirulina in powder and tablet forms over 53 hectares. Fazenda Tamanduá and Brasil Vital in Brazil offer various forms, including nibs, powder, and capsules, with sales values ranging from USD 70 to USD 280 per kilogram.
- Olson Nutrição in Brazil produces Spirulina in nibs, powder, and capsule forms, with a production of 0.4 tons over 0.04 hectares.
Top Exporters of Spirulina Powder
- Spirulina powder, a sought-after superfood renowned for its nutritional benefits, sees significant global export activity, with India as the leading exporter, shipping out 2074 kg units.
- Following closely behind, China occupies a substantial market share with 1838 kg unit shipments.
- South Korea, the United States, and Hong Kong also contribute prominently to global trade, with 257, 189, and 107 kg unit shipments, respectively.
- Other notable exporters include Malaysia with 72 shipments, Singapore with 48, and Sri Lanka with 42 kg unit shipments.
- Additionally, Indonesia and Vietnam exhibit modest export volumes, with 38 and 32 kg unit shipments, respectively.
Top Importers of Spirulina Powder
- Spirulina powder has robust demand worldwide, evidenced by the significant import activity across various countries.
- The United States emerges as the leading importer, receiving 1970 kg unit shipments, highlighting the nation’s substantial appetite for this health supplement.
- Vietnam and France follow closely behind, importing 210 and 202 kg units, respectively, indicating a growing interest in Spirulina’s nutritional properties.
- Bangladesh and India each receive 168 kg unit shipments, showcasing a considerable market presence in South Asia.
- The Netherlands, South Korea, Germany, and the Philippines also demonstrate notable import volumes, with 152, 138, 130, and 130 kg unit shipments respectively.
- Additionally, Indonesia contributes to the global import market with 105 kg unit shipments.
Consumer Preferences
- In 2021, consumer preferences regarding Spirulina Extract showcased a notable inclination towards clean-label products, as evidenced by the percentages attributed to various factors.
- Notably, a substantial portion of respondents, 25%, preferred products free from artificial ingredients, reflecting a heightened awareness and demand for natural alternatives.
- Similarly, 23% favored products with a natural/organic claim, indicating a propensity towards authenticity and transparency in labeling.
- Moreover, 20% of respondents emphasized the importance of products free from chemicals, highlighting a growing concern for the purity and safety of ingredients used.
- Additionally, allergen-free products garnered significant attention, with 13% of respondents expressing a preference for such offerings, reflecting the importance of catering to diverse dietary needs and sensitivities.
- Furthermore, 12% of respondents prioritized non-GMO products, underscoring a desire for products aligned with sustainable and ethical practices.
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