The Spirulina Market is projected to reach $1.1 billion by 2030, at a CAGR of 9.4% from 2023 to 2030. While in terms of volume, this market is projected to reach 102,381.3 tons by 2030, at a CAGR of 8% from 2023 to 2030. The growth of this market is driven by the increasing health & wellness trends and dietary supplements industry, rising demand for natural food colors, growing vegetarianism, the positive impact of spirulina cultivation on the environment, strict regulations regarding the inclusion of synthetic colors and flavors, growing preference for spirulina-sourced products, increasing use of spirulina in aquaculture, and growing investments from natural-color manufacturers.
Here are the top 10 companies operating in the Spirulina Market
Yunnan Green A Biological Project Co., Ltd
Founded in 1997 and headquartered at Kunming, China; Yunnan Green A Biological Project Co., Ltd is engaged in developing, breeding, production, marketing, and research of micro-algae products. Yunnan Green A Biological Project Co., Ltd acts as a subsidiary of Yunnan Spirin Biotechnology Co. Ltd. The company’s annual microalgae (spirulina, chlorella, and Haematococcus Pluvialis) production is 3,000 metrics ton per year. The company offers spirulina in the form of powder, tablet, and extract-phycocyanin. The company uses spirulina and haematococcus pluvialis into many fields such as health care products, medicine, cosmetics, and foods.
Green A’s research and development production base is located beside Chenghai Lake, Yunnan province, which is one of the biggest three alkaline lakes naturally producing spirulina in the world.
Inner Mongolia Rejuve Biotech Co. Ltd.
Founded in 2006 and headquartered at Wukan, China; Inner Mongolia Rejuve Biotech Co. Ltd is engaged in cultivation, harvesting, and drying of spirulina. The company has algae breeding base of 630,000 sq. m. The company’s production of spirulina powder is 1,100 ton per year and of spirulina tablet is 100 ton per year.
The company offers spirulina in the form of tablet and powder. The products have been inspected by Inner Mongolia Autonomous Region Product Quality Supervision and Inspection Institute and Inner Mongolia.
The company sells spirulina powder to Hebei Province, Henan Province, Sichuan Province, Nanjing, Beijing, Shanghai, and Tianjin in domestic market and 200ton spirulina powder to European Union, the U.S., and Japan.
Founded in 1908 and headquartered in Tokyo, Japan, DIC specializes in the manufacturing of printing inks and also produces organic pigments and synthetic resins. The company offers its products to the automotive, electronics, food, and housing industries. It operates in three business segments, namely, Packaging & Graphic, Functional Products, and Color & Display. The Color & Display segment offers spirulina and phycocyanin.
The company has a broad portfolio of microalgae. It offers microalgae products, including spirulina and phycocyanin in the form of powder and tablets, through its subsidiary companies Earthrise Nutritionals, LLC (U.S.), Sun Chemical Corporation (U.S.), and Hainan DIC Microalgae Co., Ltd. (China).
Linablue is Earthrise Nutritional’s spirulina extract product. The company offers its phycocyanin products in powder and liquid form. Phycocyanin can be used as a natural food colorant and a functional food ingredient. It is an approved natural blue colorant in the U.S., Europe, and Asia.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its strong distribution network in over 63 countries.
Fuqing King Dnarmsa Spirulina Co. Ltd.
Founded in 1995 and headquartered at FuQing, China; Fuqing King Dnarmsa Spirulina Co. Ltd. is engaged in breeding, production, selling, and scientific research of algae. The farm owns seven cultivation farms, one algae research institute, and one algae product deep processing workshop. The farm offers spirulina products in the form of powder and tablets.
The company’s cultivation farms have an annual output of 1,600 ton of spirulina and 400 ton of chlorella. The company serves customers in Europe, the United States, Australia, Southeast Asia, and other countries and regions.
Founded in 1997 and headquartered at Jiangshan, China; Zhejiang Comp Spirulina Co., Ltd is engaged in the cultivation of algae, production, research & development, and selling. The company has 3 algae cultivation farms which cultivates spirulina and chlorella. The company offers spirulina in the form of powder, tablets, and capsules. The company also provides feed grade spirulina and phycocyanin extracts. The company’s annual output of spirulina powder is 800 ton and of chlorella pyrenoidosa is 50 ton.
The farm has passed organic test and its spirulina/chlorella powder and tablets are organic certificated. Their products are widely used in medicine, health products, food, and fine chemical extraction sectors. The company is a long-time supplier for pharmaceutical and food companies both in China and worldwide.
Meticulous Research in its latest publication on Spirulina Market has predicted the growth of 9.4% during the forecast year 2023-2030.
Qingdao Haizhijiao Biotechnology Co., Ltd
Founded in 1998 and headquartered at China; Qingdao Haizhijiao Biotechnology Co., Ltd is engaged in manufacturing and supplying of spirulina and chlorella and related products. The company has 7 cultivation farms of area 1,000,000 sq. m. The company’s production of spirulina is 1,000 metric ton per year and of chlorella is 150 metric ton per year.
The company sells 90% products to more than 30 countries of the world and 10% in domestic market.
Founded in 1976 and headquartered at Taipei, Taiwan; Far East Microalgae Industries Co., Ltd (FEMICO) is engaged in the development and commercialization of high value products derived from microalgae. The company offers products of three nutritional microalgae, namely chlorella, spirulina, and red algae. The company offers microalgae products in the form of powder, tablet, and extract.
The company has total area of 1,40,000 sq. m. with a production capacity of 1,000 ton per year for chlorella and 200 ton per year for spirulina. The company serves customers in the U.S., Europe, Japan, Korea, and other Southern Asian countries.
Founded in 1984 and headquartered at Kailua Kona, U.S.; Cyanotech Corporation is engaged in the cultivation and production of natural products derived from microalgae for the health and human dietary supplements. The company provides microalgae, namely Bioastin and spirulina. The company has microalgae cultivation ponds of 90 acres.
The company has its geographic presence in Europe, Asia Pacific, and the Middle East & Africa
Founded in 1788 and headquartered at Chennai, India; E.I.D. – Parry (India) Limited is engaged in manufacturing of sugar, bio pesticides, and nutraceuticals. The company operates as a subsidiary of M/s. Ambadi Investments Limited. The company provides organic spirulina, chlorella, and micro algal products in the nutraceuticals space. It offers spirulina in the form of bulk powder and tablet.
The company has a total area of 130 acres with a pristine ground water supply for cultivation of spirulina and chlorella. The company’s spirulina is sold in more than 41 countries across the globe and has its geographic presence in India.
Taiwan Chlorella Manufacturing Company (TCMC) (Taiwan)
Founded in 1964 and headquartered in Taipei, Taiwan, TCMC specializes in chlorella production and distribution of chlorella-based products such as chlorella tablets, chlorella extract, chlorella powder, and other related products. The company also offers spirulina-chlorella tablets.
TCMC is ISO 9001, ISO 22000, FSSC 22000, HACCP, SNQ, HALAL, KOSHER, and USDA certified and also has a health food permit in Taiwan. The company provides its products to the food and beverage industry and has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Popular Mentions: Clos Sainte Aurore (France), Spirulina Viva (Mexico), SPIFORM (France), Spirulina La Capitelle (France), Aurospirul (India), C.B.N. Bio-engineering Co., Ltd (China), Jiangshan Comp Spirulina Co., Ltd (China), Bluetec Naturals Co., Ltd. (China), Roquette Klötze GmbH & Co. KG (Germany), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech Co., Ltd. (China), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), 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), BlueBioTech Group (Germany), Sea & Sun Organic GmbH (a 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), and Necton S.A. (Portugal).
Authoritative Research on the Spirulina Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
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