Published Date : 2025-Apr-14
The global spirulina market growth is driven by increasing consumer awareness of spirulina's health benefits, its applications in various industries, and supportive government initiatives promoting its production.?
The market and is poised to grow from $0.63 billion in 2025 to $1.39 billion by 2034, growing at a CAGR of 9% in the forecast period (2025-2034).
Below Top Leading Companies: Algenol Biofuels, Chr. Hansen Holding A/S, Cyanotech Corporation, Now Foods, Parry Nutraceuticals Ltd. And More.
Headquarters: Fort Myers, Florida, USA
Founded: 2006
Revenue (2024): Approximately $3.1 million
Overview: Algenol is an industrial biotechnology company specializing in the development of algae-based products and sustainable solutions. Algenol utilizes proprietary technologies to convert algae into high-purity commercial products, including biofuels, personal care ingredients, food supplements, and industrial products. ?
The company offers a diverse range of products and services, including Biofuels & Green Crude, Spirulina, Proteins, Personal Care Ingredients, Natural Colorants, Soil Treatment and Bioremediation & Nutrient Recycling.
Headquarters: Hørsholm, Denmark
Founded: 1874
Revenue (2022/23): €1,334 million?
Overview: Chr. Hansen Holding A/S is a global bioscience company specializing in natural ingredient solutions for the food, nutritional, pharmaceutical, and agricultural industries.
In January 2024, Chr. Hansen merged with Novozymes to form Novonesis, aiming to transform global production, consumption, and living practices through innovative biosolutions. ?
Headquarters: Kailua-Kona, Hawaii, USA
Founded: 1983
Revenue (2024): Approximately $23.07 million
Overview: Cyanotech specializes in the cultivation, production, and sale of natural products derived from microalgae, primarily focusing on dietary supplements. Operating from a 90-acre facility on Hawaii's Kona Coast, the company offers products such as BioAstin® Hawaiian Astaxanthin and Hawaiian Spirulina Pacifica. ? Produces spirulina and astaxanthin products for nutritional supplements
Headquarters: Bloomingdale, Illinois, USA
Founded: 1968
Overview: Now Foods is a family-owned company that manufactures and distributes a wide range of natural health products, including spirulina supplements & dietary supplements, natural foods, sports nutrition, and personal care products.
Headquarters: Chennai, Tamil Nadu, India
Founded: 1999
Overview: ?Parry Nutraceuticals, a division of EID Parry (India) Limited, focusing on nutraceutical products, including spirulina. The company is committed to sustainable cultivation practices and offers a range of products, including Spirulina, Chlorella, and Phycocyanin a natural blue pigment extracted from Spirulina. In collaboration with Synthite Industries, Parry Nutraceuticals is establishing a manufacturing facility in Tamil Nadu for Phycocyanin production.
Asia-Pacific: Expected to demonstrate the fastest market growth during 2025-34, driven by massive production and consumption in countries like China and India. Favorable climate conditions and government support further bolster this growth.
North America: Currently the dominant region, with the USA leading in spirulina production and consumption due to high health consciousness and a strong manufacturing infrastructure.
Europe: Projected to witness substantial market growth, attributed to rigorous R&D and production of spirulina, coupled with its mounting demand in the food & beverage sector.
The global spirulina market is witnessing robust growth as shoppers increasingly are getting health- and wellness-conscious. Spirulina, blue-green algae containing high protein, vitamins, minerals, and antioxidants, has emerged as a hot natural superfood. Spirulina's wide range of applications, from immune system activity to detoxification and anti-inflammatory action, are fuelling the uses of spirulina in diverse food, beverage, and nutritional supplement products. Additionally, the demand for natural ingredients and clean-label products is fuelling spirulina use across industries. Rising demand for plant-based food and sustainable food sources also raises its market potential. Additionally, further research and development are expanding spirulina use beyond food and nutrition into cosmetics and pharma. With consumers still seeking natural alternatives to synthetic compounds, the market is poised to increase steadily. Greater investment in manufacturing technology and research into new products will likely continue to drive market prospects in the future.
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