Spirulina Market Growth Prospects 2026 By Top Vendors Sensient Technologies Corporation, Algaetech International Sdn Bhd, DDW The Color House, Algene Biotech, Chr. Hansen Holding A/S, Cyanotech Corporation, DIC Corporation, Fuqing King Dnarmsa Spirulina C
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Growing awareness regarding the health benefits of consuming natural food colors over synthetic food colors among consumers and stringent government regulations such as European Food Safety Authority (EFSA), against the trading of synthetic food colors infused products are major factors propelling growth of the spirulina market.
Europe held a dominant position in the spirulina market in 2016, owing to the growing demand for natural food colors among consumers. Spirulina is considered as the most popular natural food color among the food and beverages manufacturers in the region. Furthermore, the extensive usage of spirulina in the cosmetic & personal care industry is fueling market growth, owing to the anti- aging property of spirulina.
Asia Pacific is expected to project the fastest growth in the global spirulina market during the forecast period. Rapid penetration of the spirulina in the food & beverages and pharmaceuticals industries is largely contributing to the overall growth of the market in the region. Furthermore, high demand for processed food in emerging economies including India, China, and Vietnam coupled with the developments in aquaculture are expected to boost growth of the spirulina market in the region during the forecast period.
Global Spirulina Market, By Form
Tablets / Capsules
Global Spirulina Market, By Composition
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Major players operating in the spirulina market are Sensient Technologies Corporation, Algaetech International Sdn Bhd, DDW The Color House, Algene Biotech, Chr. Hansen Holding A/S, Cyanotech Corporation, DIC Corporation, Fuqing King Dnarmsa Spirulina Co. Ltd, and Sunrise Nutrachem Group Co. Ltd.
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