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Asia-Pacific Spirulina Market
Asia-Pacific Spirulina Market by Product Type (Powder, Tablets, Capsules, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture) - Forecast to 2030
Report ID:MRFB - 104892 Pages: 150 Jun-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 HoursThe Asia-Pacific Spirulina Market is expected to reach $362.1 million by 2030, at a CAGR of 9.3% from 2024 to 2030. In terms of volume, the market is expected to reach 52,890.9 tons by 2030, at a CAGR of 8.2% from 2024 to 2030. The increasing health & wellness trends and the growing food supplements industry, rising demand for natural food colors, positive environmental impact of spirulina cultivation, growing preference for spirulina-sourced products, and increasing use of spirulina in aquaculture are the key factors driving the growth of the Asia-Pacific spirulina market.
Furthermore, the growing demand for phycocyanin and increasing consumer awareness regarding clean-label products are expected to offer significant opportunities for the players operating in this market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the Asia-Pacific spirulina market in the past three to four years. The key players profiled in this Asia-Pacific spirulina market study are Aurospirul (India), Far East Microalgae Industries Co., Ltd. (FEMICO) (Taiwan), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), DIC Corporation (Japan), E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India), Cyanotech Corporation (U.S.), C.B.N. Bio-Engineering Co., Ltd (China), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (A Subsidiary of Yunnan Spirin Biotechnology Co. Ltd) (China), JIANGSHAN COMP SPIRULINA CO., LTD (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech Co., Ltd (China). Allmicroalgae Natural Products S.A. (Portugal), TAIWAN WILSON ENTERPRISE INC. (Taiwan), ALGALIMENTO SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Limited (Australia), Hangzhou OuQi Food Co., Ltd. (China), JUNE Spirulina (a Part of JUNE Group of Companies) (Myanmar), Ordos Xinyuli Spirulina Industry Group Co., Ltd. (China), Qingdao Haizhijiao Biotechnology Co., Ltd. (China), Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH) (Germany), Pond Technologies Inc. (Canada), Far East Bio-Tec. Co., Ltd. (FEBICO) (Taiwan), Givaudan SA (Switzerland), Nutragreenlife Biotechnology Co. Ltd. (Branch of Greenlife Biotechnology Co., Ltd.) (China), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Necton S.A. (Portugal), and Spring Spirulina SG (Singapore).
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Rising Demand for Natural Food Colors to Drive the Growth of the Asia-Pacific Spirulina Market
The demand for natural food colors is increasing due to growing consumer awareness about organic products, the health hazards associated with synthetic colors, and the health benefits of natural food colors. The use of artificial production sources to increase food production has led to various health hazards. Consumers’ rising health consciousness and inclination toward environment-friendly products are driving the demand for naturally grown food products in Asia-Pacific. As a result, food manufacturers widely use natural colors to restore the attractiveness of food and beverage products after processing. All these factors are driving the adoption of natural food colors.
Spirulina, which has a blue-green color, provides bright, vivid blue and green shades. It can be used in various types of confectionery and chewing gums. In India, the Food Safety and Standards Authority of India (FSSAI) has approved the use of phycocyanin as a natural colorant in food and beverage products. Spirulina being a major source of phycocyanin, its demand has risen dramatically, particularly in the Asia-Pacific. The demand for spirulina is high in the food processing industry. It is used in various applications, including beverages, dairy, confectionery, frosting, ice cream, dry beverage mixes, and yogurt.
Thus, the rising demand for natural food colors is boosting the adoption of spirulina, driving the growth of this market.
Positive Environmental Impact of Spirulina Cultivation to Boost the Growth of the Asia-Pacific Spirulina Market
Preservation of the environment has become a major concern. Continuous growth in the human population has increased petroleum consumption, with an ever-increasing demand for energy. According to the Global Energy Statistical Yearbook 2015, in Asia-Pacific, energy consumption is projected to grow by 31.2% between 2011 and 2021 due to growth in the human population. The extensive use of fossil fuels contributes to atmospheric CO2 levels, the primary cause of global warming and climate change. If this environmental degradation continues, the planet will face catastrophic climate changes.
Spirulina cultivation helps diminish the greenhouse effect through CO2 sequestration and abundant oxygen production. Spirulina cultivation using flue gas is more economical and environment-friendly. The cultivation of spirulina uses lesser space with a low impact on soil. In addition, spirulina is an excellent producer of oxygen. Large-scale production could, therefore, improve air quality.
Water and land use are two important environmental factors that must be considered. Interestingly, spirulina can be cultivated on arid lands. In addition, it needs a relatively lower amount of water, as water can be recycled after harvest. After extracting essential compounds from the biomass, the residual biomass can be used in many other refining processes. For instance, sugar-based and cellulosic biorefining can result in the accumulation of protein byproducts, which can be used as animal feed.
Spirulina cultivation can help combat pollution, water contamination and overconsumption, soil erosion, and deforestation. Additionally, after the extraction of essential compounds, the residual biomass can be used as energy feedstock for biodiesel production. Thus, integrated food and energy systems are designed to combine, intensify, and increase the productivity of food and energy simultaneously through sustainable land management. Food-energy integration makes spirulina more economically competitive with high diversification. Spirulina's large cultures play a vital role in rebalancing oxygen and CO2 levels and can effectively absorb toxins and heavy metals, making it an eco-friendly solution to address environmental issues.
Key Findings in the Asia-Pacific Spirulina Market Study:
In 2024, the Powder Segment to Dominate the Asia-Pacific Spirulina Market
Based on product type, in 2024, the powder segment is expected to account for the largest share of the Asia-Pacific spirulina market. The large market share of this segment is attributed to the rising demand for spirulina powder among nutraceutical manufacturers due to growing health consciousness among consumers, the increasing use of spirulina powder as an ingredient in various food & beverage products, the growing popularity of vegan diet, and the increasing incorporation of herbal ingredients in cosmetic products.
However, the phycocyanin segment is projected to witness significant growth during the forecast period of 2024–2030. The rapid growth of this segment is mainly driven by the increased adoption of phycocyanin in the manufacturing of therapeutic & nutritional products, growing reluctance toward the usage of synthetic colors, rising demand for natural blue colorants, and investments from leading color houses in the phycocyanin space.
In 2024, the Business Channel Segment to Dominate the Asia-Pacific Spirulina Market
Based on distribution channel, in 2024, the business channel segment is expected to account for the largest share of the Asia-Pacific spirulina market. The large market share of this segment is attributed to the direct purchase of large quantities of spirulina by nutraceutical, food & beverage, and animal feed manufacturers from the business channel for further product development.
The Nutraceuticals Segment to Witness Highest Demand During the Forecast Period
Based on application, in 2024, the nutraceuticals segment is expected to account for the largest share of the Asia-Pacific spirulina market. The large market share of this segment is attributed to the thriving nutraceuticals sector, increased health concerns among the aging population across various countries, a rising preference for natural alternatives to conventional pharmaceutical products, heightened consumer awareness of the relationship between nutrition and health, growing demand for functional and health foods, and a surge in lifestyle-related diseases, leading people to adopt preventive healthcare measures.
In 2024, China is Expected to Dominate the Asia-Pacific Spirulina Market
Based on country, the Asia-Pacific spirulina market is segmented into China, India, Japan, Australia, Thailand, South Korea, and the Rest of Asia-Pacific. In 2024, China is expected to account for the largest share of the Asia-Pacific spirulina market. China's major market share is attributed to the rising demand for algae products in dietary supplements due to their high protein content and nutritional value. Furthermore, the shift in dietary habits and lifestyles, coupled with the escalating air and water pollution, has contributed to a significant increase in the prevalence of cancer, heart disease, diabetes, and other chronic conditions. As a result, there is a growing demand for algae products in the pharmaceutical sector, driving the growth of the spirulina market in China.
Moreover, the market in China is expected to register the highest CAGR during the forecast period. The growth of this market is driven by the presence of leading and local producers of spirulina and government funding to produce high-value products from spirulina.
Scope of the Report:
Asia-Pacific Spirulina Market Assessment, by Product Type
- Powder
- Tablets
- Capsules
- Flakes
- Phycocyanin
- Frozen Spirulina
Asia-Pacific Spirulina Market Assessment, by Distribution Channel
- Business Channel
- Consumer Channel
Asia-Pacific Spirulina Market Assessment, by Application
- Nutraceuticals
- Food & Beverages
- Animal Feed
- Cosmetics
- Agriculture
Asia-Pacific Spirulina Market Assessment, by Country
- China
- India
- Japan
- Australia
- Thailand
- South Korea
- Rest of Asia-Pacific (RoAPAC)
Key Questions Answered in the Report:
This report covers the market sizes & forecasts of the Asia-Pacific spirulina market based on product type, distribution channel, application, and country. This report also provides the value & volume analysis of various segments and subsegments of the Asia-Pacific spirulina market at the country levels.
In terms of value, the Asia-Pacific spirulina market is expected to reach $362.1 million by 2030, at a CAGR of 9.3% from 2024 to 2030, while in terms of volume, the market is expected to reach 52,890.9 tons by 2030, at a CAGR of 8.2% from 2024 to 2030.
Based on product type, in 2024, the powder segment is expected to account for the largest share of the Asia-Pacific spirulina market.
Based on application, the food & beverages segment is projected to witness significant growth during the forecast period of 2024–2030. The growth of this segment is mainly driven by the rapid increase in the middle-class population and average household incomes, enhancements in the infrastructure for food and beverage distribution, growing awareness about the health benefits of spirulina-based food and beverages through various social media platforms & advertisements, and the rising sales of spirulina-based food and beverages in E-commerce channels.
The growth of this market is driven by the increasing health & wellness trends and the growing food supplements industry, rising demand for natural food colors, positive environmental impact of spirulina cultivation, growing preference for spirulina-sourced products, and increasing use of spirulina in aquaculture.
Furthermore, the growing demand for phycocyanin and increasing consumer awareness regarding clean-label products are expected to provide significant growth opportunities for players operating in this market.
The key players operating in the Asia-Pacific spirulina market are Aurospirul (India), Far East Microalgae Industries Co., Ltd. (FEMICO) (Taiwan), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), DIC Corporation (Japan), E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India), Cyanotech Corporation (U.S.), C.B.N. Bio-Engineering Co., Ltd (China), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (A Subsidiary of Yunnan Spirin Biotechnology Co. Ltd) (China), JIANGSHAN COMP SPIRULINA CO., LTD (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech Co., Ltd (China). Allmicroalgae Natural Products S.A. (Portugal), TAIWAN WILSON ENTERPRISE INC. (Taiwan), ALGALIMENTO SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Limited (Australia), Hangzhou OuQi Food Co., Ltd. (China), JUNE Spirulina (a Part of JUNE Group of Companies) (Myanmar), Ordos Xinyuli Spirulina Industry Group Co., Ltd. (China), Qingdao Haizhijiao Biotechnology Co., Ltd. (China), Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH) (Germany), Pond Technologies Inc. (Canada), Far East Bio-Tec. Co., Ltd. (FEBICO) (Taiwan), Givaudan SA (Switzerland), Nutragreenlife Biotechnology Co. Ltd. (Branch of Greenlife Biotechnology Co., Ltd.) (China), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Necton S.A. (Portugal), and Spring Spirulina SG (Singapore).
The markets in China, India, and Japan are poised for significant growth during the forecast period. This growth is fueled by the increasing demand for spirulina in the pharmaceutical and nutraceutical industries, rising health-related incidences, growing health consciousness and fitness focus, and the rising number of diabetes patients.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Asia-Pacific Spirulina Market Analysis: by Product Type
3.2.2. Asia-Pacific Spirulina Market Analysis: by Application
3.2.3. Asia-Pacific Spirulina Market Analysis: by Distribution Channel
3.3. Country-level Analysis
3.4. Key Players
4. Industry Trends
4.1. Overview
4.2. Spirulina Formulations
4.2.1. Recommended Daily Dose of Spirulina
4.2.2. Common Spirulina Formulations
4.3. Value Chain Analysis
4.3.1. Overview
4.3.2. Inputs/Suppliers
4.3.3. Cultivation and Processing
4.3.3.1. Key Spirulina Producers—by Size
4.3.3.1.1. Microfarmers (<2 Tons/Year)
4.3.3.1.2. Small Farmers (2–20 Tons/Year)
4.3.3.1.3. Large Farmers (20–200 Tons/Year)
4.3.3.1.4. Very Large Farmers (>200 Tons/Year)
4.3.4. Packaging, Storage, and Logistics
4.3.4.1. Handling and Packaging Companies
4.3.5. Distribution Channel (B2B & B2C)
4.3.6. Spirulina-based Product Formulators and Consumers
4.3.6.1. List of Key Buyers
4.4. Pricing Analysis
4.4.1. Spirulina Powder
4.4.2. Spirulina Tablets
4.4.3. Spirulina Capsules
4.4.4. Spirulina Flakes
4.4.5. Frozen Spirulina
4.4.6. Phycocyanin
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition
5. Market Insights
5.1. Overview
5.2. Drivers
5.2.1. Increasing Health & Wellness Trends and the Growing Food Supplements Industry
5.2.2. Rising Demand for Natural Food Colors
5.2.3. Positive Environmental Impact of Spirulina Cultivation
5.2.4. Growing Preference for Spirulina-sourced Products
5.2.5. Increasing Use of Spirulina in Aquaculture
5.3. Restraints
5.3.1. Low Awareness Regarding the Benefits of Spirulina
5.3.2. Complexities in Algae Production
5.4. Opportunities
5.4.1. Growing Demand for Phycocyanin
5.4.2. Increasing Consumer Awareness Regarding Clean-label Products
5.5. Trends
5.5.1. Adoption of New Production Technologies (Photobioreactors)
5.6. Regulatory Analysis
6. Asia-Pacific Spirulina Market Assessment—by Product Type
6.1. Overview
6.2. Powder
6.3. Tablets
6.4. Capsules
6.5. Flakes
6.6. Phycocyanin
6.7. Frozen Spirulina
7. Asia-Pacific Spirulina Market Assessment—by Distribution Channel
7.1. Overview
7.2. Business Channel
7.3. Consumer Channel
8. Asia-Pacific Spirulina Market Assessment—by Application
8.1. Overview
8.2. Nutraceuticals
8.3. Food & Beverages
8.4. Animal Feed
8.5. Cosmetics
8.6. Agriculture
9. Asia-Pacific Spirulina Market Assessment—by Country
9.1. Overview
9.2. China
9.3. India
9.4. Japan
9.5. Australia
9.6. Thailand
9.7. South Korea
9.8. Rest of Asia-Pacific (RoAPAC)
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Dashboard
10.3.1. Industry Leaders
10.3.2. Market Differentiators
10.3.3. Vanguards
10.3.4. Emerging Companies
10.4. Vendor Market Positioning
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. Aurospirul
11.2. Far East Microalgae Industries Co., Ltd. (FEMICO)
11.3. Fuqing King Dnarmsa Spirulina Co., Ltd.
11.4. DIC Corporation
11.5. E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited)
11.6. Cyanotech Corporation
11.7. C.B.N. Bio-Engineering Co., Ltd
11.8. YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (A Subsidiary of Yunnan Spirin Biotechnology Co. Ltd)
11.9. JIANGSHAN COMP SPIRULINA CO., LTD
11.10. Inner Mongolia Rejuve Biotech Co., Ltd.
11.11. Zhejiang Binmei Biotechnology Co., Ltd.
11.12. Bluetec Naturals CO., LTD.
11.13. Taiwan Chlorella Manufacturing Company (TCMC)
11.14. Vedan Biotechnology Corporation
11.15. AlgoSource
11.16. Tianjin Norland Biotech Co., Ltd
11.17. Allmicroalgae Natural Products S.A.
11.18. TAIWAN WILSON ENTERPRISE INC.
11.19. ALGALIMENTO SL
11.20. Seagrass Tech Private Limited
11.21. Plankton Australia Pty Limited
11.22. Hangzhou OuQi Food Co., Ltd.
11.23. JUNE Spirulina (a Part of JUNE Group of Companies)
11.24. Ordos Xinyuli Spirulina Industry Group Co., Ltd.
11.25. Qingdao Haizhijiao Biotechnology Co., Ltd.
11.26. Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH)
11.27. Pond Technologies Inc.
11.28. Far East Bio-Tec. Co., Ltd. (FEBICO)
11.29. Givaudan SA
11.30. Nutragreenlife Biotechnology Co. Ltd. (Branch of Greenlife Biotechnology Co., Ltd.)
11.31. Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH)
11.32. Necton S.A.
11.33. Spring Spirulina SG
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Spirulina: Recommended Daily Dosage—by Category
Table 2 Indicative List of Spirulina Supplement Providers and their Product Formulations
Table 3 List of Spirulina Microfarmers (<2 Tons/Year)
Table 4 List of Small Spirulina Producers (2–20 Tons/Year)
Table 5 List of Large Spirulina Producers (20–200 Tons/Year)
Table 6 List of Very Large Spirulina Producers (>200 Tons/Year)
Table 7 Average Selling Prices of Spirulina Powder, by Country/Region, 2021–2030 (USD/Ton)
Table 8 Average Selling Prices of Spirulina Tablets, by Country/Region, 2021–2030 (USD/Ton)
Table 9 Average Selling Prices of Spirulina Capsules, by Country/Region, 2021–2030 (USD/Ton)
Table 10 Average Selling Prices of Spirulina Flakes, by Country/Region, 2021–2030 (USD/Ton)
Table 11 Average Selling Prices of Frozen Spirulina, by Country/Region, 2021–2030 (USD/Ton)
Table 12 Average Selling Prices of Phycocyanin, by Country/Region, 2021–2030 (USD/Ton)
Table 13 A Comparison of Spirulina Cultivation Approaches
Table 14 Characteristics of Four Promising Photobioreactors
Table 15 Production Costs and Specific Energy Consumption for Spirulina Cultivation in Open Ponds and PBRs for Different Productivities
Table 16 Asia-Pacific Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 17 Asia-Pacific Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 18 Asia-Pacific Spirulina Powder Market, by Country/Region, 2021–2030 (USD Thousand)
Table 19 Asia-Pacific Spirulina Powder Market, by Country/Region, 2021–2030 (Tons)
Table 20 Asia-Pacific Spirulina Tablets Market, by Country/Region, 2021–2030 (USD Thousand)
Table 21 Asia-Pacific Spirulina Tablets Market, by Country/Region, 2021–2030 (Tons)
Table 22 Asia-Pacific Spirulina Capsules Market, by Country/Region, 2021–2030 (USD Thousand)
Table 23 Asia-Pacific Spirulina Capsules Market, by Country/Region, 2021–2030 (Tons)
Table 24 Asia-Pacific Spirulina Flakes Market, by Country/Region, 2021–2030 (USD Thousand)
Table 25 Asia-Pacific Spirulina Flakes Market, by Country/Region, 2021–2030 (Tons)
Table 26 Asia-Pacific Phycocyanin Market, by Country/Region, 2021–2030 (USD Thousand)
Table 27 Asia-Pacific Phycocyanin Market, by Country/Region, 2021–2030 (Tons)
Table 28 Asia-Pacific Frozen Spirulina Market, by Country/Region, 2021–2030 (USD Thousand)
Table 29 Asia-Pacific Frozen Spirulina Market, by Country/Region, 2021–2030 (Tons)
Table 30 Asia-Pacific Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 31 Asia-Pacific Spirulina Market for Business Channel, by Country/Region, 2021–2030 (USD Thousand)
Table 32 Asia-Pacific Spirulina Market for Consumer Channel, by Country/Region, 2021–2030 (USD Thousand)
Table 33 Asia-Pacific Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 34 Nutritional Profile of Spirulina Powder from Various Companies
Table 35 Asia-Pacific Spirulina Market for Nutraceuticals, by Country/Region, 2021–2030 (USD Thousand)
Table 36 Comparison of Protein Content of Spirulina with Other Foods
Table 37 Asia-Pacific Spirulina Market for Food & Beverages, by Country/Region, 2021–2030 (USD Thousand)
Table 38 Asia-Pacific Spirulina Market for Animal Feed, by Country/Region, 2021–2030 (USD Thousand)
Table 39 Asia-Pacific Spirulina Market for Cosmetics, by Country/Region, 2019–2028 (USD Thousand)
Table 40 Asia-Pacific Spirulina Market for Agriculture, by Country/Region, 2021–2030 (USD Thousand)
Table 41 Key Buyers of Spirulina in Asia-Pacific
Table 42 Some of the Spirulina Producers in Asia-Pacific
Table 43 Asia-Pacific: Spirulina Market, by Country/Region, 2021–2030 (USD Thousand)
Table 44 Asia-Pacific: Spirulina Market, by Country/Region, 2021–2030 (Tons)
Table 45 China: Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 46 China: Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 47 China: Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 48 China: Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 49 India: Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 50 India: Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 51 India: Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 52 India: Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 53 Japan: Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 54 Japan: Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 55 Japan: Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 56 Japan: Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 57 Australia: Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 58 Australia: Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 59 Australia: Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 60 Australia: Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 61 Thailand: Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 62 Thailand: Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 63 Thailand: Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 64 Thailand: Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 65 South Korea: Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 66 South Korea: Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 67 South Korea: Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 68 South Korea: Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 69 Rest of Asia-Pacific: Spirulina Market, by Product Type, 2021–2030 (USD Thousand)
Table 70 Rest of Asia-Pacific: Spirulina Market, by Product Type, 2021–2030 (Tons)
Table 71 Rest of Asia-Pacific: Spirulina Market, by Distribution Channel, 2021–2030 (USD Thousand)
Table 72 Rest of Asia-Pacific: Spirulina Market, by Application, 2021–2030 (USD Thousand)
Table 73 Recent Developments, by Company (2020-2024)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources Referenced for this Study
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing and Growth Forecast
Figure 9 In 2024, the Powder Segment is Expected to Account for the Largest Share
Figure 10 In 2024, the Nutraceuticals Segment Will Dominate the Market
Figure 11 The Business Channel Segment to Register the Highest CAGR During 2024–2030
Figure 12 China Dominates the Asia-Pacific Spirulina Market, while it Also Leads in Growth
Figure 13 Benefits of Consuming 5-10 Grams of Spirulina Every Day
Figure 14 Spirulina Supplements: Most Common Dosage Forms
Figure 15 Asia-Pacific Spirulina Market Value Chain
Figure 16 Factors Affecting Market Growth
Figure 17 Spirulina Vs. Other Foods: Nutrient Profile
Figure 18 Spirulina Market: Force Field Analysis
Figure 19 Asia-Pacific Spirulina Market, by Product Type, 2024 Vs. 2030 (USD Thousand)
Figure 20 Asia-Pacific Spirulina Market, by Product Type, 2024 Vs. 2030 (Tons)
Figure 21 Asia-Pacific Spirulina Market, by Distribution Channel, 2024 Vs. 2030 (USD Thousand)
Figure 22 Spirulina: Business Channel
Figure 23 Spirulina: Consumer Channel
Figure 24 Asia-Pacific Spirulina Market, by Application, 2024–2030 (USD Thousand)
Figure 25 Possible Effect of Spirulina Extract on Agriculture
Figure 26 Asia-Pacific: Spirulina Market Snapshot, 2024
Figure 27 Asia-Pacific: Spirulina Market, by Country/Region, 2024–2030 (USD Thousand)
Figure 28 Asia-Pacific: Spirulina Market, by Country/Region, 2024–2030 (Tons)
Figure 29 Key Growth Strategies Adopted by Leading Players (2020–2024)
Figure 30 Competitive Dashboard: Asia-Pacific Spirulina Market
Figure 31 Asia-Pacific Spirulina Market Competitive Benchmarking, by Application
Figure 32 DIC Corporation: Financial Overview (2022)
Figure 33 E.I.D. - Parry (India) Limited: Financial Overview (2022)
Figure 34 Givaudan SA: Financial Overview (2022)
Figure 35 Cyanotech Corporation: Financial Overview (2022)
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