Asia-Pacific Spirulina Extract Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Spirulina Extract Market is segmented by Application (Nutraceuticals, Food, Cosmetics, Feed, and Others); and by Geography.

Market Snapshot

Asia-Pacific Spirulina Extract Market Share
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 6.1 %
Asia-Pacific Spirulina Extract Market Major Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Asia-Pacific spirulina extract market is projected to grow at a CAGR of 6.1% during the forecast period (2020 - 2025).

  • The growing demand for natural and clean label colors has recreated a demand for spirulina extracts. The spirulina extract market is dynamic and competitive, with the strong presence of key players, such as Royal DSM, Sensient Technologies Corporation, Chr. Hansen A/S, and Naturex SA.
  • Government policies for the development of spirulina extract is very conducive and enabling, and this has attracted regional players to enter intothe spirulina extract industry.
  • Spirulina extract is increasingly utilized as a preferable colorant in the variety of confections. The FDA approval for its utilization in gums and candies has prompted manufacturers to opt for spirulina, especially as a natural blue colorant.

Scope of the report

Asia-Pacific spirulina extract market is segmented by application and geography. The market by application is further segmented into nutraceuticals, food, cosmetics, feed, and others. By geography, the market is segmented into India, China, Japan, Australia, and rest of Asia-Pacific. The report also provides the competitive analysis of prominent players along with their key strategies and product offerings in the respective market. 

By Application
By Geography
Rest of Asia-Pacific

Report scope can be customized per your requirements. Click here.

Key Market Trends

Robust Demand Across Industries

The primary factor driving the growth of the spirulina extract market is its strong demand spanning across different sectors, such as agriculture, bio-diesel, nutraceuticals, bio-fertilizers, fine chemicals, and cosmetics. The food and beverage industry, in particular, is one of the leading application areas – the APAC marketplace has witnessed a surge in the demand for spirulina extract, mainly as a natural colorant amidst tightening regulatory grip over synthetic additives. Spirulina extract is increasingly utilized as a preferable colorant in the variety of confections – the FDA approval for its utilization in gums and candies has prompted manufacturers to opt for spirulina, especially as a natural blue colorant.

Asia-Pacific Spirulina Extract Market Size

Nutraceuticals Forms a Significant Application Segment

Nutraceuticals industry is incresingly using spirulina extracts in the supplements as it is rich in protein, vitamins, minerals, and many biologically active substances. Spirulina capsules have proved effective in lowering blood lipid level, and in improving immunological function. The antioxidants in spirulina prevent oxidative stress; spirulina-based functional foods are increasingly consumed to tackle stress and depression. Spirulina-based supplements are known to offer adequate level of gamma-linolenic acid (GLA), a “good fat” that is vital for the health and functioning of the brain, heart, and other body organs and systems. 

Asia-Pacific Spirulina Extract Market Trends

Competitive Landscape

Some of the major key players in Asia-Pacific spirulina extract market are  Sensient Technologies Corporation, Chr. Hansen A/S, Naturex S.A, Dohler Group, and BASF SE. The key strategies adopted by the companies include product innovations, expansions, and mergers and acquisitions. Companies are increasing their investments in research and development (R&D) and marketing, and expanding their distribution channels to maintain their leading position in the market.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Application

      1. 5.1.1 Nutraceuticals

      2. 5.1.2 Food

      3. 5.1.3 Cosmetics

      4. 5.1.4 Feed

      5. 5.1.5 Others

    2. 5.2 By Geography

      1. 5.2.1 China

      2. 5.2.2 India

      3. 5.2.3 Japan

      4. 5.2.4 Australia

      5. 5.2.5 Rest of Asia-Pacific


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Sensient Technologies Corporation

      2. 6.4.2 Chr. Hansen A/S

      3. 6.4.3 Naturex S.A

      4. 6.4.4 DIC Corporation- Earthrise Nutritionals

      5. 6.4.5 Dohler Group

      6. 6.4.6 BASF SE

      7. 6.4.7 Hydrolina Biotech Pvt. Ltd

    5. *List Not Exhaustive

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Asia-Pacific Spirulina Extract Market market is studied from 2016 - 2026.

The Asia-Pacific Spirulina Extract Market is growing at a CAGR of 6.1% over the next 5 years.

Sensient Technologies Corporation, Chr. Hansen A/S, Naturex S.A, DIC Corporation- Earthrise Nutritionals, Dohler Group are the major companies operating in Asia-Pacific Spirulina Extract Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!