According to the research report titled ‘Global Spirulina Market 2022-2028’, available with MarketStudyReport, global spirulina market is anticipated to expand at a CAGR of 6.5% during 2022-2028 to amass USD 204 million by the end of study period.

As per the report findings, global spirulina market growth is creditable to widespread product applications in food industry, agriculture, pharmaceutics, and medicine. 

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For the unversed, spirulina is a type of organism that can grow in both fresh and salt water. It belongs to the cyanobacteria family, which includes single-celled organisms that are often known as blue-green algae.

Notably, spirulina is a good dietary supplement because of its high protein and vitamin content. It is also available at food stores as a dietary supplement in the form of health drinks or pills. Being a nutrient-dense edible microalgae, the product is used as feed for numerous agriculturally vital animals, which is impelling the industry share.

The research examines market dynamics, prospects, future roadmap, competitive landscape, and significant trends in-depth. There are insightful details regarding the impact of COVID-19 pandemic on the industry.

Based on product terrain, worldwide spirulina market is bifurcated into arthrospira platensis and arthrospira maxima. In terms of application ambit, the industry is branched into healthcare, food & beverages, cosmetics, animal feed, and others.

Speaking of the competitive arena, Yunnan Green A Biological Project Co., Ltd., Ordos Xinyuli Spirulina Industry Group Co., Ltd., Lijiang Gelin Sitong Food Co., Ltd., DIC Corporation, Lijiang Chenghai Baoer Biological Development Co., Ltd., East India Distilleries Parry Limited, Jiangxi Alga Biotech Co., Ltd., Jiangshan Comp Spirulina Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., Cyanotech Corporation, and Dongtai Cibainian Bio-Engineering Co., Ltd. are the leading players in global spirulina marketplace.

Information pertaining to partnership agreements, distribution agreements, mergers & acquisitions, and joint ventures are all examined thoroughly to provide a better understanding of the competitive trends in the business sphere.