Market Overview Spirulina occurs as a fine, uniform powder or flakes, darks blue-green to green in color. Spirulina extract is prepared by the filtered aqueous extraction of the dried biomass of Arthrospira platensis and contains phycocyanins as the principal coloring components. Spirulina is an alga with high nutritional content that has been used as a food source since ancient times. It is a whole product of biological origins and consists of dried cyanobacterium Arthrospira biomasses which are filamentous microscopic organisms that occur abundantly in an almost uni-algal form in highly alkaline lakes. The high pH and alkalinity prevent other algae from growing, so it is effectively grown outdoors, free from cross-contamination by other algae. Spirulina extract, on the other hand, is a naturally obtained blue pigment from a phycocyanin derivative of spirulina. It can be used as a natural food colorant and a functional food ingredient. Rising health concerns, consistent innovation in spirulina extract-based food products, and plenty of other reasons are expected to drive the sales of spirulina extracts during the forecast period. Additionally, spirulina extracts have increased usage across sectors because of the increasing demand for natural food colors due to spirulina benefits. It has consequently allowed the manufacturers to develop a wide variety of dairy products, pet foods, and confectionaries, increasing the demand for spirulina extracts. The global spirulina extract market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 6.36% during the forecast period (2023-2030).

1 Scope and Methodology 1.1 Research Methodology 1.2 Scope of the Market 2 Key Trends and Developments 3 Executive Summary 3.1 Market Snippet by Form 3.2 Market Snippet by Application 3.3 Market Snippet by Region 4 Market Dynamics 4.1 Market impacting factors 4.1.1 Drivers 4.1.2 Restraints 4.1.3 Opportunities 4.2 Impact analysis 5 Industry Analysis 5.1 Porter's five forces analysis 5.2 Supply Chain Analysis 5.3 Demand and Supply Side Analysis 5.4 Regulatory Analysis 5.5 Technological Advancements 6 COVID-19 Analysis 6.1 Analysis of Covid-19 on the Market 6.1.1 Before COVID-19 Market Scenario 6.1.2 Present COVID-19 Market Scenario 6.1.3 After COVID-19 or Future Scenario 6.2 Pricing Dynamics Amid Covid-19 6.3 Demand-Supply Spectrum 6.4 Government Initiatives Related to the Market During Pandemic 6.5 Manufacturers Strategic Initiatives 7 By Form 7.1 Introduction 7.1.1 Market size analysis, and y-o-y growth analysis (%), By Form Segment 7.1.2 Market attractiveness index, By Form Segment 7.2 Powder* 7.2.1 Introduction 7.2.2 Market Size Analysis, US$ Million, 2021-2030 And Y-O-Y Growth Analysis (%), 2022-2030 7.3 Tablet/Capsule 7.4 Liquid 7.5 Granule 8 By Application 8.1 Introduction 8.1.1 Market size analysis, and y-o-y growth analysis (%), By Application Segment 8.1.2 Market attractiveness index, By Application Segment 8.2 Food and Beverage* 8.2.1 Introduction 8.2.2 Market Size Analysis, US$ Million, 2021-2030 And Y-O-Y Growth Analysis (%), 2022-2030 8.3 Cosmetics/Personal Care 8.4 Animal Feed 8.5 Pharmaceuticals 8.6 Nutraceuticals 8.7 Others 9 By Region 9.1 Introduction 9.1.1 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region 9.1.2 Market Attractiveness Index, By Region 9.2 North America 9.2.1 Introduction 9.2.2 Key region-specific dynamics 9.2.3 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form 9.2.4 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application 9.2.5 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country 9.2.5.1 U.S 9.2.5.2 Canada 9.2.5.3 Mexico 9.3 South America 9.3.1 Introduction 9.3.2 Key Region-Specific Dynamics 9.3.3 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form 9.3.4 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application 9.3.5 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country 9.3.5.1 Brazil 9.3.5.2 Argentina 9.3.5.3 Rest of South America 9.4 Europe 9.4.1 Introduction 9.4.2 Key Region-Specific Dynamics 9.4.3 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form 9.4.4 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application 9.4.5 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country 9.4.5.1 Germany 9.4.5.2 U.K 9.4.5.3 France 9.4.5.4 Spain 9.4.5.5 Italy 9.4.5.6 Rest of Europe 9.5 Asia Pacific 9.5.1 Introduction 9.5.2 Key Region-Specific Dynamics 9.5.3 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form 9.5.4 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application 9.5.5 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country 9.5.5.1 China 9.5.5.2 India 9.5.5.3 Japan 9.5.5.4 Australia 9.5.5.5 Rest of Asia Pacific 9.6 Middle East and Africa 9.6.1 Introduction 9.6.2 Key Region-Specific Dynamics 9.6.3 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form 9.6.4 Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application 10 Competitive Landscape 10.1 Competitive scenario 10.2 Competitor strategy analysis 10.3 Market positioning/share analysis 10.4 Mergers and acquisitions analysis 11 Company Profiles 11.1 Chr. Hansen A/S* 11.1.1 Company Overview 11.1.2 Application Portfolio and Description 11.1.3 Key Highlights 11.1.4 Financial Overview 11.2 Cyanotech Corp 11.3 DDW Inc 11.4 DIC Corporation 11.5 Dongtai City Spirulina Bio-Engineering Co., Ltd 11.6 Fuqing King Dnarmsa Spirulina Co., Ltd 11.7 GNC Holdings, Inc 11.8 Now Health Group Inc 11.9 Sensient Technologies Corp 11.10 Parry Nutraceuticals Limited 12 DataM 12.1 Appendix 12.2 About us and services 12.3 Contact us