The global spirulina tablet market is expected to grow at a significant CAGR during the forecast period (2024-2031). Spirulina (Arthrospira platensis), a highly nutritious and environmentally beneficial food, possesses hypolipidemic, hypoglycemic, and antihypertensive effects. Spirulina contains antioxidant, anti-inflammatory, and immunostimulating bioactive components such as phenolics, phycocyanins, and polysaccharides. Agribusiness, the food industry, pharmaceutics, fragrance, and medicine all use spirulina processing products. The chemical makeup of spirulina in meals can help human health since it contains high levels of vitamins, minerals, phenolics, vital fatty acids, amino acids, and colours. As a result, spirulina plays a crucial function in this scenario.
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The market is being driven by an increase in demand for natural ingredients and R&D investments in commercial spirulina products. Furthermore, the government’s promotion of spirulina production boosts the market growth. However, the market’s expansion is hampered by the influence of climate change on spirulina production. Nonetheless, undiscovered markets in emerging countries and the simplicity with which spirulina may be grown as a result of technological advancements are projected to drive market expansion during the projection period. Furthermore, the COVID-19 virus has fueled the expansion of the spirulina industry, owing to the requirement for nutritional support and vitamins as a possible COVID-19 virus treatment.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Cyanotech Corporation DIC Corporation, Cabassi & Giuriati SpA, DDW, DÖHLER GmbH among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Spirulina Tablet Market by Segment
By Type
- Arthrospira Platensis
- Arthrospira Maxima
By Application
- Nutraceuticals
- Food & Beverages
- Cosmetics
- Animal Feed
- Others
By Formulation
- Powder
- Tablet & Capsule
- Liquid
- Granule & Gelling Agent
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