Spirulina Market is driven by increasing consumer awareness towards nutritional benefits
Spirulina is a type of blue-green algae that is rich in plant-based protein, vitamins, minerals, and other nutritional components. It has various advantages over other plant protein powders as it contains higher protein content than other similar products. The protein obtained from spirulina is considered as a complete source as it contains all nine essential amino acids required by the human body. It offers an array of health benefits such as boosting metabolism, controlling blood sugar levels, supporting weight loss, strengthening the immune system, and lowering cholesterol levels.
The global spirulina market size is estimated to be valued at US$ 484.7 million in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024 to 2031.
The Spirulina Market Demand is estimated to exhibit robust growth owing to burgeoning demand across developed economies of North America and European Union. Rapid urbanization, growing disposable income, and increasing demand for nutritional food products are fueling the market expansion in these regions.
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