The global spirulina powder market is poised for substantial growth, with projections indicating a rise from US$ 461 million in 2024 to US$ 702 million by 2034. Spirulina powder, a sought-after dietary supplement, is experiencing increased demand driven by various factors including the rising popularity of plant-based diets, growing consumer awareness of its health benefits, and expanding applications across diverse industries.
Spirulina powder is a dietary supplement made from spirulina, a type of blue-green algae that grows in freshwater lakes, ponds, and rivers. It is considered a superfood due to its rich nutritional profile. Spirulina is packed with vitamins, minerals, protein, antioxidants, and essential fatty acids.
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Nutritional Benefits:
- Protein: Spirulina is a complete protein source, containing all essential amino acids in adequate proportions. It is particularly beneficial for vegetarians and vegans looking to increase their protein intake.
- Vitamins and Minerals: Spirulina is rich in vitamins A, B vitamins (including B12), iron, calcium, potassium, and magnesium, among others. These nutrients are essential for various bodily functions, including immune support, energy production, and bone health.
- Antioxidants: Spirulina contains powerful antioxidants like phycocyanin and beta-carotene, which help neutralize free radicals and reduce oxidative stress in the body. This may contribute to overall health and longevity.
- Anti-inflammatory Properties: Some studies suggest that spirulina may have anti-inflammatory effects, potentially reducing the risk of chronic diseases associated with inflammation, such as heart disease and diabetes.
- Detoxification: Spirulina has been shown to bind to heavy metals and toxins in the body, aiding in their removal. This detoxifying effect may support liver health and promote overall detoxification processes in the body.
Common Uses:
- Dietary Supplement: Spirulina powder is often consumed as a dietary supplement, either mixed with water or added to smoothies, juices, or other foods. It provides a convenient way to boost nutrient intake and support overall health.
- Natural Food Coloring: Due to its vibrant blue-green color, spirulina powder is used as a natural food coloring agent in various food products, including smoothie bowls, desserts, and snacks.
- Cosmetic Ingredient: Spirulina extract is used in skincare products for its antioxidant properties and potential benefits for skin health. It may help nourish and rejuvenate the skin, promoting a healthy complexion.
- Animal Feed: Spirulina is also used as a nutritional supplement in animal feed, particularly for fish and poultry, to enhance growth, immunity, and overall health.
“There is little to no awareness about the health benefits of spirulina powder. Well-established sports nutrition brands can benefit a lot if they collaborate with world-renowned athletes and fitness figures for the endorsement of spirulina powder”, opines Nandini Roy Choudhury, Client Partner at Future Market Insights.
Key Takeaways from the Spirulina Powder Market Report
- Owing to its emerging vegan trend, the United States showcased a 26.8% share of the spirulina powder market.
- China has a 9.7% share of the global spirulina market due to its association with the use of spirulina since ancient times.
- Based on application type, dietary supplements and pharmaceuticals dominate the spirulina powder market with a 72.9% global revenue share.
- Emerging brands have come up with many innovative food items that have spirulina powder as their main ingredient, like smoothies, ready-to-serve beverages, and everyday snacks.
Recent Developments in the Spirulina Market
- To provide its patients with essential nutrients and vitamins, Mumbai’s Group of Tuberculosis Hospitals recently cultivated spirulina on its premises.
- The National Aeronautics and Space Administration (NASA) is all set to incorporate spirulina powder into the diets of its astronauts.
- GNT Group came up with Exberry Shade Bright Green, a spirulina-infused, green powder that has applications in bakery mixes and seasoning products.
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