Spirulina Market is a multicellular, filamentous blue-green microalgae that naturally grows in warm regions in the alkaline waters of lakes, ponds and rivers. These microalgae is harvested and processed easily and have significantly high macro- and micronutrient contents. The increasing consumer awareness on health and wellness and their growing interest to adopt spirulina as a natural food color instead of synthetic colors is fueling the market growth. It appears guarantee as a malignant growth precaution operator and in the treatment of tumors. Spirulina appears to have widespread cardiovascular benefits, including improvement of blood lipid profiles, atherosclerosis aversion and hypertension control. Moreover, Spirulina appears to have extensive potential for development, especially as a small-scale crop for nutritional enhancement, livelihood development and environmental mitigation. In particular, the production and use of spirulina has major advantages like its production occupies in small environmental footprint, with considerable efficiencies in terms of water use, land occupation compared to traditional terrestrial crops. Also has the potential for integration with rural organic waste treatment processes to improve both environmental conditions and improve energy transfer efficiencies.

Spirulina Market Report Outlook

The rising awareness among the population regarding health benefits of spirulina and wide application is the major factor propelling the growth of the spirulina market. Spirulina is gaining popularity due to several benefits associated includes high anti-oxidant, hypolipidemic, beta-carotene, and anti-inflammatory properties. The growing application in cosmetics and pharmaceutical industries is further expected to drive tremendous growth to this market during the forecast period. Further, the use of spirulina as protein supplement has gained considerable popularity in the human health food industry and in many developing countries, where there is prevalence of malnutrition which is fueling the market growth.

COVID-19 Impact on Spirulina Market

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Spirulina market. In addition, complete analysis of changes on the Spirulina expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.  The COVID-19 impact on spirulina market was moderate as Spirulina is extremely rich in vitamin C and minerals these products were recommended in pandemic for strengthening immunity at great level. Production and supply chain disruption however affected the market growth for few months in pandemic.

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Spirulina Market Segmental Overview

The Spirulina market is segmented based on by type, by drug formulation, by application and geography.

Spirulina Market by Type

Spirulina is a type of blue-green algae that is commonly consumed as a dietary supplement. There are several different types of spirulina based on the species of algae, as well as the way it is grown and processed. Some of the common types of spirulina are:

1. Arthrospira platensis: This is the most common species of spirulina and is used for most spirulina supplements. It is typically grown in freshwater ponds and is harvested using a filtration system.
2. Arthrospira maxima: This species of spirulina is similar to A. platensis but has a slightly different nutritional profile. It is also grown in freshwater ponds and is harvested using a filtration system.
3. Spirulina fusiformis: This species of spirulina is grown in saltwater ponds and has a slightly different nutritional profile than A. platensis and A. maxima. It is less commonly used in supplements but is still available.
4. Spirulina subsalsa: This is another species of spirulina that is grown in saltwater ponds. It has a slightly different nutritional profile than other types of spirulina and is less commonly used in supplements.
5. Organic Spirulina: This type of spirulina is grown using organic farming methods and is certified organic by various regulatory bodies. It is typically grown in freshwater ponds and is harvested using a filtration system.
6. Powdered Spirulina: This is the most common form of spirulina and is sold in powder form. It is made by drying and milling the algae, and can be added to smoothies, juices, and other foods.
7. Spirulina Tablets/Capsules: Spirulina is also available in tablet or capsule form for those who prefer a more convenient method of consumption.

Overall, spirulina is a highly nutritious food source and is available in various forms and types to suit different preferences and needs.

Spirulina Market by Drug Formulation

Spirulina is a type of blue-green algae that is commonly used as a dietary supplement. While it is not typically used as a drug formulation, there have been some studies on the potential use of spirulina in various drug formulations. Here are some examples:

1. Anti-inflammatory drugs: Spirulina has been shown to have anti-inflammatory properties, and some studies have investigated the potential use of spirulina in drug formulations for treating inflammation-related conditions such as arthritis and asthma.
2. Antioxidant drugs: Spirulina is a rich source of antioxidants, and some studies have investigated the potential use of spirulina in drug formulations for treating conditions related to oxidative stress, such as neurodegenerative diseases.
3. Anti-cancer drugs: Some studies have investigated the potential use of spirulina in drug formulations for treating cancer. Spirulina has been shown to have anti-cancer properties, and some researchers believe it may be useful as an adjuvant therapy alongside traditional cancer treatments.
4. Anti-viral drugs: Spirulina has been shown to have anti-viral properties, and some studies have investigated the potential use of spirulina in drug formulations for treating viral infections such as influenza and HIV.
5. Anti-diabetic drugs: Spirulina has been shown to have anti-diabetic properties, and some studies have investigated the potential use of spirulina in drug formulations for treating diabetes.

It is important to note that while there have been some promising studies on the potential use of spirulina in drug formulations, more research is needed before any spirulina-based drugs can be approved for use. Currently, spirulina is primarily used as a dietary supplement and food source.

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Spirulina Market by Application

Spirulina has a wide range of applications in various fields, including:

1. Dietary supplement: Spirulina is commonly consumed as a dietary supplement due to its high nutritional value. It is rich in protein, vitamins, minerals, and antioxidants, and is often used to support overall health and wellness.
2. Food source: Spirulina is sometimes used as a food source in various parts of the world. It can be added to smoothies, juices, and other foods for a nutrient boost.
3. Aquaculture: Spirulina is sometimes used as a food source for fish and other aquatic animals in aquaculture settings. It is a sustainable and nutrient-rich alternative to traditional fish feed.
4. Bioremediation: Spirulina has been shown to have potential for use in bioremediation, or the process of using organisms to clean up environmental pollution. Spirulina can absorb and break down certain toxins and pollutants in water and soil.
5. Cosmetics: Spirulina is sometimes used in cosmetics due to its antioxidant properties. It can be found in various skincare and haircare products.
6. Research: Spirulina is often used in research studies due to its unique properties and potential health benefits. It has been studied for its anti-inflammatory, anti-cancer, and anti-viral properties, among others.

Overall, spirulina is a versatile and nutrient-rich substance with a wide range of applications. Its potential uses are still being explored, and it is likely that more applications will be discovered in the future.

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Spirulina Market Key Players

The major players in Spirulina market are Cyanotech Corporation, DIC Corporation, Chr. Hansen Holding A/S, Dongtai City Spirulina Bio-engineering Co., Ltd., Algenol Biofuels Inc., Prolgae, Sensient Technologies Corporation, Parry Neutraceuticals, DDW Inc., Naturex S.A., Algatec., Fuqing King Dnarmsa Spirulina Co., Ltd., GNC Holdings, Inc. , GNT Holding B.V. and Now Health Group Inc. among others.

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