Market Research Future (Food and Beverages) Spirulina Market estimated to Grow at CAGR of 8.02 | Page 3

Spirulina Market Research Report- Forecast to 2023
2 Market Overview
Spirulina is a multicellular and filamentous blue-green microalgae. It is used as a human food supplement and to
overcome malnutrition since it is a rich source of protein, vitamins, minerals, carotenoids, and antioxidants. Spirulina
grows in fresh water and is also grown artificially based on its nutritional value. It is further procured using various
methods and is ultimately dried and powdered. From the last few decades, Spirulina has gained its popularity based
on its diverse applications in food industry (majorly nutraceuticals) and as a potential protein supplement.
The food and beverages industry have slowly started phasing out artificial colors due to the rising safety concerns
and growing demand for natural colors. Spirulina is considered to be one of the popular natural food color among
the food & beverages manufacturers. The primary pigment in spirulina is a protein called phycocyanin that n. It
imparts a vibrant blue color. Additionally, it can be combined with other colors to make customized colors of such as
green and lavender or violet shades, which makes it. Thus, making it ideal for using in various food and beverages
products.
Spirulina also finds its major application in the cosmetic & personal care industry. Spirulina mainly used in cosmetic
& personal care products especially for the anti-aging cream. Spirulina is considered to be effective as one gram per
day is sufficient enough to correct severe malnutrition in a child within in a few weeks. New studies suggest that
spirulina capable of improvising the physical development as well as cognitive performance.
Intended Audience:
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Spirulina manufacturers
Raw material suppliers
End users
Retailers and wholesalers
E-commerce companies
Traders, importers and exporters
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