The global spirulina powder market size accounted for USD 466 million in 2024 and is predicted to touch around USD 832.18 million by 2034, growing at a CAGR of 5.97% from 2024 to 2034.
The growing awareness of spirulina powder benefits for animal health is driving growth of the spirulina powder market. Moreover, growing consumer awareness for health and wellness is transforming the market. Increased vegan and vegetarian populations are driving the adoption of the plant-based diet, leading to a boost in the adoption of spirulina powder. As properties of spirulina as a natural colorant, making it more popular among natural and organic product-conscious people. The pharmaceutical and nutraceutical industry is likely to fuel the market growth due to increased use of spirulina as food for fishes and animals.
North America accounted for the highest share in the spirulina powder market due to increased health consciousness among the region's population. The United States is the prior country dominating the regional market due to increased demands for organic and natural food items and the presence of well-established production industries. Additionally, Asia Pacific is anticipated to boost the market growth due to rising demands for nutritional aqua products. China is leading the regional market due to shifted government focus on providing harvested goods to the country's population to maintain health benefits.
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| Stats ID: | 7643 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7643 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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