Spirulina Beverages Market

Spirulina Beverages Market is anticipated to grow at a CAGR of 12.6% during forecast period and estimated to reach USD 49 Million by 2027.

Introduction of the Global Spirulina Beverages Market Report

Spirulina is a biomass of cyanobacteria which is consumed by humans and animals. The two species of spirulina: Arthrospira plantensis and Anthrospira maxima, are further processed for various applications. Arthrospira is cultivated in various countries and is used in dietary supplements and as whole food. It is available in tablet and capsule, flakes, powder, and liquid form. Moreover, spirulina is also widely used as a feed supplement in the aquaculture and poultry industries.

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One of the biggest factors driving the growth of the global spirulina beverages market is the growing trend of veganism among the consumers for a healthy lifestyle. Moreover, spirulina refreshments are considered an essential source of protein among the plant-based beverages. The remarkable nutritional properties of spirulina have encouraged industry participants to launch new products in order to capture the largest share in the market.

Over the past few years, the customers’ have inclined towards plant-based food and beverages to maintain their overall health. In addition to this, the increasing trend of veganism driven by the growing carbon footprint caused by the consumption of food products obtained from animals such as egg, pork, meat, and seafood, is further energizing the demand of the market in the coming years. Customers are adopting eco-friendly food items, which can satisfy the essential prerequisite of protein and other necessary supplements. This factor will drastically surge the growth of the market.

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Based on the distribution channel, the hypermarket & supermarket segment is expected to grow at a higher CAGR during the forecast period owing to the increasing number of consumers who prefer to purchase these beverages from offline retailers. Hypermarkets and supermarkets such as Walmart, SPAR, and Aldi, among others have huge grocery chains across the globe with a large customer base. In addition to this, the increasing preference of customers for healthy beverages over carbonated drinks is further expected to drive the market in the near future.

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Based on the region, North America is anticipated to dominate the global spirulina beverages market due to the rise in demand for spirulina beverages in this region. Moreover, the growing consumer preference for vegan food due to the significant shift in consumer’s demand towards plant-based protein food rather than meat protein will further boost the growth of the market in this region.

Various notable players operating in the market include Algama Foods, Prolgae Spirulina Supplies Pvt. Ltd., Lisi (Xian) Bio-Tech Inc., Walmart, and Amazon, among others.

The global spirulina beverages market has been segmented based on distribution channel and regions. Based on distribution channel, the market is segmented into hypermarket & supermarket, online retail, and others.  Based on key regions, the market is segmented into North America, Europe, Asia, and the Rest of the World. 

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Key questions answered in this research report:

• • At what pace is global Spirulina Beverages market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Spirulina Beverages market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Spirulina Beverages market?
  • What are the various distribution channel of global Spirulina Beverages market and how they are poised to grow?
  • Which distribution channel generated maximum revenues in 2019 and identify the most promising distribution channel during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Spirulina Beverages Market by Distribution Channel 

• • Hypermarket & Supermarket
  • Online Retail
  • Others

Global Spirulina Beverages Market by Region

• • North America Spirulina Beverages Market (Option 1: As a part of the free 25% customization)
    • North America Spirulina Beverages Market by Distribution Channel
    • US Spirulina Beverages Market All-Up
    • Canada Spirulina Beverages Market All-Up
  • Europe Spirulina Beverages Market (Option 2: As a part of the free 25% customization)
    • Europe Spirulina Beverages Market by Distribution Channel
    • UK Spirulina Beverages Market All-Up
    • Germany Spirulina Beverages Market All-Up
    • France Spirulina Beverages Market All-Up
    • Spain Spirulina Beverages Market All-Up
    • Rest of Europe Spirulina Beverages Market All-Up
  • Asia-Pacific Spirulina Beverages Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Spirulina Beverages Market by Distribution Channel
    • China Spirulina Beverages Market All-Up
    • India Spirulina Beverages Market All-Up
    • Japan Spirulina Beverages Market All-Up
    • Rest of APAC Spirulina Beverages Market All-Up
  • RoW Spirulina Beverages Market (Option 4: As a part of the free 25% customization)
    • RoW Spirulina Beverages Market by Distribution Channel
    • Brazil Spirulina Beverages Market All-Up
    • South Africa Spirulina Beverages Market All-Up
    • Saudi Arabia Spirulina Beverages Market All-Up
    • UAE Spirulina Beverages Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Spirulina Beverages Market All-Up

Global Spirulina Beverages Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Algama Foods
  • Prolgae Spirulina Supplies Pvt. Ltd.
  • Lisi (Xian) Bio-Tech Inc.
  • Walmart
  • Amazon