The Europe spirulina market is expected to reach $156.61M 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, according to a report from Research & Markets.
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.