PUBLISHER: Meticulous Research | PRODUCT CODE: 1266311
PUBLISHER: Meticulous Research | PRODUCT CODE: 1266311
Europe Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture) - Forecast to 2030
Europe Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture)-Forecast to 2030
The research report titled, 'Europe Spirulina Market by Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin), Distribution Channel (Business Channel, Consumer Channel), Application (Nutraceuticals, Food & Beverages, Animal Feed, Cosmetics, Agriculture)-Forecast to 2030,' provides an in-depth analysis of the Europe spirulina market across nine major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
In terms of value, the Europe spirulina market is expected to reach $156.61 million by 2030, at a CAGR of 13.3% from 2023 to 2030, while in terms of volume, the market is expected to reach $8,308.8 tons by 2030, at a CAGR of 7.5% from 2023 to 2030.
The growth of this market is attributed to the increasing health & wellness trends and the growing food supplements industry, the rising demand for natural food colors, the positive environmental impact of spirulina cultivation, strict regulations for the use of synthetic colors and flavors, the growing preference for spirulina-sourced products, and the 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 opportunities for the growth of this market.
The study offers a comprehensive analysis of the Europe spirulina market based on product type, distribution channel, application, and geography.
The Europe spirulina market is segmented by product type (powder, tablets, capsules, flakes, phycocyanin, and frozen spirulina), distribution channel (business channel and consumer channel), application (nutraceuticals, food & beverages, animal feed, cosmetics, and agriculture), and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on product type, in 2023, the powder segment is expected to account for the largest share of the Europe 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 expected to witness significant growth during the forecast period. 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.
Based on distribution channel, in 2023, the business channel segment is expected to account for the larger share of the Europe 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, among others, from the business channel for further product development. Moreover, it is also expected to witness significant growth during the forecast period.
Based on application, in 2023, the nutraceuticals segment is expected to account for the largest share of the Europe spirulina market. The large market share of this segment is attributed to the booming nutraceuticals sector, growing health concerns of the aging population in various countries, growing desire for natural alternatives to traditional pharmaceutical products, and increased awareness among consumers on the link between nutrition and health.
Based on geography, the market is segmented into nine major regions: France, Germany, U.K., Italy, Spain, Netherlands, Denmark, Sweden, and the Rest of Europe. The major market share of France is attributed to the scientific and technological developments in microalgae research for various healthy foods and dietary supplements, growing awareness among consumers for natural food products, increasing rates of chronic diseases such as obesity, diabetes, and heart disease, and rising stringent regulations against synthetic colors.
The key players operating in the Europe spirulina market include DIC Corporation (Japan), E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India), C.B.N. Bio-Engineering Co., Ltd (China), Givaudan SA (Switzerland), Fuqing King Dnarmsa Spirulina Co., Ltd. China), Zhejiang Binmei Biotechnology Co., Ltd. (China), Cyanotech Corporation (U.S.), JIANGSHAN COMP SPIRULINA CO., LTD (China), TAIWAN WILSON ENTERPRISE INC. (Taiwan), Bluetec Naturals CO., LTD. (China), AlgoSource (France), Far East Microalgae Industries, Co., Ltd. (FEMICO) (Taiwan), Far East Bio-Tec. Co., Ltd. (FEBICO) (Taiwan), Necton S.A. (Portugal), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan), Roquette Klotze GmbH & Co. KG (Germany), Tianjin Norland Biotech Co., Ltd (China), Allmicroalgae Natural Products S.A. (Portugal), Qingdao Haizhijiao Biotechnology Co., Ltd (China), BlueBioTech Group (Germany), Aliga Microalgae (Denmark), SPIFORM (France), Vedan Biotechnology Corporation (Taiwan), ALGALIMENTO SL (Spain), Aurospirul (India), Hangzhou OuQi Food co., Ltd. (China), Clos Sainte Aurore (France), Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH) (Germany), Pond Technologies Inc. (Canada), Xi'an Fengzu Biological Technology Co., Ltd.(FZBIOTECH)(China), and Spirulina La capitelle (France).
Scope of the Report:
Europe Spirulina Market Assessment-by Product Type
- Powder
- Tablets
- Capsules
- Flakes
- Phycocyanin
- Frozen Spirulina
Europe Spirulina Market Assessment-by Distribution Channel
- Business Channel
- Consumer Channel
Europe Spirulina Market Assessment-by Application
- Nutraceuticals
- Food & Beverages
- Animal Feed
- Cosmetics
- Agriculture
Europe Spirulina Market Assessment-by Geography
- France
- Germany
- U.K.
- Italy
- Spain
- Netherlands
- Denmark
- Sweden
- Rest of Europe (RoE)
Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of product type, distribution channel, application, and geography?
- What is the historical market size for the Europe spirulina market?
- What are the market forecasts and estimates for the period 2023-2030?
- What are the major drivers, restraints, opportunities, and trends in the Europe spirulina market?
- Who are the major players in the market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- How is the competitive landscape for the Europe spirulina market?
- What are the recent developments in the Europe spirulina market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the Europe spirulina market, and how do they compete with other players?
TABLE OF CONTENTS
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. Europe Spirulina Market Analysis: by Product Type
- 3.2.2. Europe Spirulina Market Analysis: by Application
- 3.2.3. Europe Spirulina Market Analysis: by Distribution Channel
- 3.3. Country-level Analysis
- 3.4. Key Players
4. Industry Outlook
- 4.1. Overview
- 4.2. Spirulina Dosages
- 4.2.1. Spirulina: Recommended Daily Dosage
- 4.2.2. Common Spirulina Dosages
- 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)
- 4.3.3.1. Key Spirulina Producers-by Size
- 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 Forces 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. Strict Regulations for the Use of Synthetic Colors and Flavors
- 5.2.5. Growing Preference for Spirulina-sourced Products
- 5.2.6. 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. Europe 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. Europe Spirulina Market Assessment by-Distribution Channel
- 7.1. Overview
- 7.2. Business Channel
- 7.3. Consumer Channel
8. Europe 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. Europe Spirulina Market Assessment-by Geography
- 9.1. Overview
- 9.2. France
- 9.3. Germany
- 9.4. U.K.
- 9.5. Italy
- 9.6. Spain
- 9.7. Netherlands
- 9.8. Denmark
- 9.9. Sweden
- 9.10. Rest of Europe (RoE)
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. DIC Corporation
- 11.2. E.I.D. - Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited)
- 11.3. C.B.N. Bio-Engineering Co., Ltd
- 11.4. Givaudan SA
- 11.5. Fuqing King Dnarmsa Spirulina Co., Ltd.
- 11.6. Zhejiang Binmei Biotechnology Co., Ltd.
- 11.7. Cyanotech Corporation
- 11.8. JIANGSHAN COMP SPIRULINA CO., LTD
- 11.9. TAIWAN WILSON ENTERPRISE INC.
- 11.10. Bluetec Naturals CO., LTD.
- 11.11. AlgoSource
- 11.12. Far East Microalgae Industries Co., Ltd. (FEMICO)
- 11.13. Far East Bio-Tec. Co., Ltd. (FEBICO)
- 11.14. Necton S.A.
- 11.15. YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (A Subsidiary of Yunnan Spirin Biotechnology Co. Ltd)
- 11.16. Inner Mongolia Rejuve Biotech Co., Ltd.
- 11.17. Taiwan Chlorella Manufacturing Company (TCMC)
- 11.18. Roquette Klotze GmbH & Co. Kg
- 11.19. Tianjin Norland Biotech Co., Ltd
- 11.20. Allmicroalgae Natural Products S.A.
- 11.21. Qingdao Haizhijiao Biotechnology Co., Ltd.
- 11.22. BlueBioTech Group
- 11.23. Aliga Microalgae
- 11.24. SPIFORM
- 11.25. Vedan Biotechnology Corporation
- 11.26. ALGALIMENTO SL
- 11.27. Aurospirul
- 11.28. Hangzhou OuQi Food Co., Ltd.
- 11.29. Clos Sainte Aurore
- 11.30. Sea & Sun Organic GmbH (Subsidiary of Sea & Sun Technology GmbH)
- 11.31. Pond Technologies Inc.
- 11.32. Xi'an Fengzu Biological Technology Co., Ltd. (FZBIOTECH)
- 11.33. Spirulina La capitelle
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 Europe: Microalgae Approved for Food Use
- Table 17 Europe Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 18 Europe Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 19 Europe Spirulina Powder Market, by Country/Region, 2021-2030 (USD Thousand)
- Table 20 Europe Spirulina Powder Market, by Country/Region, 2021-2030 (Tons)
- Table 21 Europe Spirulina Tablets Market, by Country/Region, 2021-2030 (USD Thousand)
- Table 22 Europe Spirulina Tablets Market, by Country/Region, 2021-2030 (Tons)
- Table 23 Europe Spirulina Capsules Market, by Country/Region, 2021-2030 (USD Thousand)
- Table 24 Europe Spirulina Capsules Market, by Country/Region, 2021-2030 (Tons)
- Table 25 Europe Spirulina Flakes Market, by Country/Region, 2021-2030 (USD Thousand)
- Table 26 Europe Spirulina Flakes Market, by Country/Region, 2021-2030 (Tons)
- Table 27 Europe Phycocyanin Market, by Country/Region, 2021-2030 (USD Thousand)
- Table 28 Europe Phycocyanin Market, by Country/Region, 2021-2030 (Tons)
- Table 29 Europe Frozen Spirulina Market, by Country/Region, 2021-2030 (USD Thousand)
- Table 30 Europe Frozen Spirulina Market, by Country/Region, 2021-2030 (Tons)
- Table 31 Europe Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 32 Europe Spirulina Market for Business Channel, by Country/Region, 2021-2030 (USD Thousand)
- Table 33 Europe Spirulina Market for Consumer Channel, by Country/Region, 2021-2030 (USD Thousand)
- Table 34 Europe Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 35 Nutritional Profile of Spirulina Powder from Various Companies
- Table 36 Europe Spirulina Market for Nutraceuticals, by Country/Region, 2021-2030 (USD Thousand)
- Table 37 Comparison of Protein Content of Spirulina with Other Foods
- Table 38 Europe Spirulina Market for Food & Beverages, by Country/Region, 2021-2030 (USD Thousand)
- Table 39 Europe Spirulina Market for Animal Feed, by Country/Region, 2021-2030 (USD Thousand)
- Table 40 Europe Spirulina Market for Cosmetics, by Country/Region, 2019-2028 (USD Thousand)
- Table 41 Europe Spirulina Market for Agriculture, by Country/Region, 2021-2030 (USD Thousand)
- Table 42 Key Buyers of Spirulina in Europe
- Table 43 Some of the Spirulina Producers in Europe
- Table 44 Europe: Spirulina Market, by Country/Region, 2021-2030 (USD Thousand)
- Table 45 Europe: Spirulina Market, by Country/Region, 2021-2030 (Tons)
- Table 46 Some of the Spirulina Producers in France
- Table 47 France: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 48 France: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 49 France: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 50 France: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 51 Overview of German Stakeholders in the Algae Market
- Table 52 Germany: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 53 Germany: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 54 Germany: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 55 Germany: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 56 U.K.: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 57 U.K.: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 58 U.K.: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 59 U.K.: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 60 Italy: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 61 Italy: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 62 Italy: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 63 Italy: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 64 Leading Spirulina Producers in Spain
- Table 65 Spain: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 66 Spain: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 67 Spain: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 68 Spain: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 69 Netherlands: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 70 Netherlands: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 71 Netherlands: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 72 Netherlands: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 73 Denmark: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 74 Denmark: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 75 Denmark: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 76 Denmark: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 77 Sweden: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 78 Sweden: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 79 Sweden: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 80 Sweden: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 81 Rest of Europe: Spirulina Market, by Product Type, 2021-2030 (USD Thousand)
- Table 82 Rest of Europe: Spirulina Market, by Product Type, 2021-2030 (Tons)
- Table 83 Rest of Europe: Spirulina Market, by Distribution Channel, 2021-2030 (USD Thousand)
- Table 84 Rest of Europe: Spirulina Market, by Application, 2021-2030 (USD Thousand)
- Table 85 Recent Developments, by Company (2020-2023)
