Global Organic Spirulina Market Report and Forecast 2024-2032

Global Organic Spirulina Market Outlook

The global organic spirulina market size reached a value of approximately USD 337.68 million in 2023. The market is further expected to grow at a CAGR of 7.20% between 2024 and 2032, reaching a value of USD 628.62 million by 2032.

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Key Trends in the Market

Spirulina is a form of algae that has many nutrients and antioxidant properties, like protein, copper, magnesium, potassium. Organic spirulina are different from inorganic spirulina because their cultivation does not involve any chemicals and use natural earth fertilisers. Spirulina grows in both salt and fresh water, and are a kind of cyanobacteria which can produce its energy with the help of sunlight.

• A key trend in the organic spirulina market is the antioxidant properties of spirulina which help in providing protection against oxidative damage, due to which it is considered a superfood. Consumers can buy organic spirulina supplements directly, although medical advice is recommended especially in case of pregnancy, lactation or any other medical conditions.

• In recent years, more consumers are getting health conscious and the demand to include natural ingredients in different products is a factor that is increasing the growth of the global organic spirulina market. Consumers are leaning towards leading a heathy lifestyle and with the variety of spirulina supplements in the market, there is scope for the global market for organic spirulina to grow.

• Initiatives by multiple governments in improving aquaculture also boosts the production of organic spirulina. With the help of different technological advancements, the extraction of spirulina has become more convenient. The easy cultivation of organic spirulina with the help of machines that are funded by various governments is also a key trend in the organic spirulina market.

• There is also increased demand for spirulina in the cosmetic industry as it is helps in maintain the elasticity and reduce inflammation due to its antioxidant properties, leading to its use in products like face creams and masks, and eye creams. Organic spirulina also provides detoxification to the skin and the demand for natural components in skincare attracts more conscious customers.

Market Analysis

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Based on form, the market is segmented into powder, tablets and capsules, and liquid, among others. On the basis of end use, the market is divided into nutraceuticals, food and beverage industry, animal feed, and cosmetics, among others. The global organic spirulina market is bifurcated by sales channel into direct sales and retail sales. The regional markets for organic spirulina are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global organic spirulina market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Sensient Technologies Corp.

• Parry Nutraceuticals Limited

• Now Health Group inc.

• Naturex S.A.

• Naturalin Bio-Recourses Co., Ltd

• DIC Corporation

• DDW Inc.

• Others

Market Share by Form

Organic spirulina can be of different forms and chosen according to the preference of the consumer, nevertheless, organic spirulina in the form of powder has a sizable share of the organic spirulina market because it is easily soluble. Powder organic spirulina can be taken in with water, tea, matcha, or coffee as because the taste of spirulina is earthy, consumers tend to dilute it with other liquids. There are different types of smoothies and various recipes that use organic spirulina powder to make delicious items. Organic spirulina powder can also be used in making salads, energy balls, and pancakes.

Meanwhile, organic spirulina in the form of liquid drops is used widely used and easily accessible online. Liquid organic spirulina is a concentrated form of probiotic liquid that is 100% bioavailable and contains many minerals and enzymes. They are naturally liquid and considered to be fresh with no risk of contamination, due to which the demand for the liquid form of organic spirulina is growing in the market.

Market Share by End Use

A fantastic nutraceutical, spirulina has gained popularity for its distinctive combination of high-quality proteins, fatty acids, antioxidants, vitamins, and minerals. Certain pigments and metabolites present in spirulina act as a health booster and function like an antiviral agent. Nutraceuticals account for a larger share of the organic spirulina market because of its composition and because the use of spirulina has shown effective results in lowering blood glucose, cholesterol, and improving HDL cholesterol.

Organic spirulina is also increasingly being used as a super ingredient in food and beverages items and due to its nature of being natural and having multiple health benefits, more consumers are inclining towards the benefits of it. Organic spirulina has the potential to be incorporated in different components of food and beverages which are under a development in the food industry. Sparkling spirulina drinks in different flavours are also available in the market which offer the nutrient properties of spirulina.

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Competitive Landscape

Parry Nutraceuticals Limited is a food processing company located in Tamil Nadu, India, which was founded in 1900 as a division of EID Parry to specialise in nutraceuticals. Parry Nutraceuticals produces high quality supplements filled with microalgae and other nutrients. They specialise in micro-algae cultivation and have experts that process supplements. The product line of the company includes organic spirulina, organic chlorella, and organic phycocyanin, among others.

Now Health Group Inc. founded in 1968 and located in Illinois, United States, developed from a family business to manufacturing natural health products globally. The company provides customers with organic products and supplements packed with vitamins and minerals. They offer a vast variety of products such as beauty and health products, essential oils, sports nutrition, pet health, and dairy products.

Naturex S.A.  is a botanical company which produces and sells plant-based extracts to the food industry for flavouring and preservation purposes. Based in Avigon, France, and founded in 1992, the company offers more than 600 natural ingredients. They have expertise in extraction, purification, solid and liquid formulation, with offerings such as baby food, soups, dairy, beverages, and meat and poultry.

Other market players include Sensient Technologies Corp., Naturain bio- resources Co. Ltd., DIC Corporation, and DDW Inc, among others.

Key Highlights of the Report