The global algal pigments market is expected to grow at a CAGR of 4.0% from 2019 to 2025 to reach $452.4 million by 2025. The growth in algal pigment market is mainly attributed to the key factors such as increased adoption of algal pigments for manufacturing of therapeutic & nutritional products; growing reluctance towards usage of synthetic colors, due to stringent regulations on synthetic colors and hazardous health issues occurred due to usage of synthetic colors; inclination towards usage of clean-label products; growing demand for natural colorants; and rising need to enhance appearance of the food, cosmetic, and pharmaceutical products.
Here are the top 10 companies operating in Algal Pigments Market-
Earthrise Nutritionals, LLC
Founded in 1976 and headquartered at California, U.S; Earthrise Nutritionals, LLC is engaged in the production of spirulina and spirulina-based products with distribution in over 20 countries around the globe.
In 1981, Earthrise developed a partnership with a Japanese company, Dainippon Ink and Chemicals (DIC), a diversified product company with a commitment to develop micro-algae for food, biochemicals, and pharmaceuticals. This partnership between California entrepreneurs and Japanese corporate intrapreneurs flourished to a dynamic growth of spirulina production. Earthrise Nutritionals, LLC and DIC LIFETEC Co., Ltd. are the wholly owned subsidiaries of DIC Corporation which provides spirulina in the global market. DIC Corporation has its geographic presence in Korea, Taiwan, China, America, Europe, and Asia pacific.
Founded in 1983 and headquartered at Kailua Kona, Hawaii, 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 is involved in the manufacturing of Bioastin astaxanthin and spirulina products.
The company has its geographic presence in Europe, Asia Pacific, and Middle East & Africa
BlueBioTech Int. GmbH
Founded in 2000 and headquartered at Kaltenkirchen, Germany; BlueBioTech Int. GmbH is engaged in the R&D, production, and sales of microalgae and natural dietary supplements. The company offers microalgae concentrates, special products, and dietary supplements. Special products include fine chemicals like phycocyanin, astaxanthin, and microalgae powder. In addition, it also provides development services like contract development, contract production, starter concentrate, and consulting for customers.
The company has a geographic presence in Germany.
Zhejiang Binmei Biotechnology Co., Ltd.
Founded in 2013 and headquartered at Zhejiang Province, China; Zhejiang Binmei Biotechnology Co., Ltd. is engaged in manufacturing high quality and reliable (powder & liquid & oil soluble) Spirulina Extract (Phycocyanin) which are widely used in fields of food, health, cosmetics, pharmaceuticals, and others. The company’s products are widely exported to the U.S., Germany, Japan, South Korea, and other countries.
In addition, they have independent intellectual property rights about spirulina extraction. Its independent innovation “high activity phycocyanin natural purification technology” won national patent technology.
Bluetec Naturals Co., Ltd.
Founded in 1998 and headquartered at Inner Mongolia, China; Bluetec Naturals Co., Ltd supply algae products all over the globe to a wide range of companies worldwide, ranging from large multinational organizations to small individual companies.
The company developed an innovated technology to extract Phycocyanin from spirulina in 2016. Its products are widely used in the industries such as food, cosmetic, and pharmaceuticals.
A report into the projected growth of the current Algal Pigments Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2025, it’s expected to have grown at a CAGR of 4.0%, reaching over $452.4 million.
Founded in 1998 and headquartered at Eilot, Israel; Algatechnologies Ltd. is specialized in the commercial cultivation of microalgae. It produces and supplies AstaPure, a natural astaxanthin, that is sourced from the microalga Haematococcus pluvialis. With its products, the company serves dietary supplement, animal health & aquaculture, functional foods & beverages, and cosmetics industries. The company also provides consulting services on large-scale microalgae cultivation and post-processing. In addition, it also provides logistics, warehousing, and lab support services.
The company has a global presence through a marketing network of selected distributors and agents.
E.I.D. – Parry (India) Limited
Founded in 1788 and headquartered at Chennai, India; E.I.D. – Parry (India) Limited is engaged in the business of Sugar, Nutraceuticals, and Bio Pesticides. The company provides organic spirulina, chlorella, and micro algal products in the nutraceuticals space. ‘Parry’s Spirulina’, with 3 major international certifications, is sold in more than 41 countries across the globe.
The manufacturing plants of the nutraceutical business for micro algal products’ production are located at Oonaiyur and Saveripuram in Tamil Nadu.
Tianjin Norland Biotech Co., Ltd.
Founded in 2013 and headquartered at Tianjin, China; Tianjin Norland Biotech Co., Ltd. is involved in the manufacturing of algae products and supply of organic green food for nutraceutical, cosmeceutical, and animal nutrition industries. The company is involved in the cultivation of Spirulina, Chlorella, and Haematococcus along with 1,000 greenhouses. The company is also engaged in the production of algal pigments such as astaxanthin and phycocyanin.
The company serves to human nutraceuticals, cosmeceutical, and animal nutrition industries. The company has a geographic presence in China.
AlgaeCan Biotech Ltd.
Founded in 2009 and headquartered at Maple Ridge, Canada; AlgaeCan Biotech Ltd. develops technology and intellectual property for the rapid growth and harvest of microalgae products. The company offers astaxanthin, a naturally-occurring antioxidant that protects eyes and brain from oxidative stressand reduces wrinkles, dry skin, and age spots. It has also developed novel systems for the production of high value microalgae based bioactive ingredient for the nutraceutical industry.
The company has a geographic presence in Canada.
Founded in 1990 and headquartered at Nacka, Sweden; AstaReal AB is a part of the AstaReal Group which is a wholly owned subsidiary of Fuji Chemical Industries Co., Ltd. The AstaReal Group is engaged in cultivation, R&D, and clinical science of natural astaxanthin. The application of astaxanthin is for human health. The Group uses AstaReal as the global brand name for its natural algal astaxanthin products which are sold worldwide.
Popular Mentions: Algae Health Sciences, Sochim International S.p.A., Shaivaa Algaetech, BASF Corporation, D.D. Williamson & Co., Inc., and Chlostanin Nikken Nature Co. Limited.
Authoritative Research on the Algal Pigments Market- Global Opportunity Analysis and Industry Forecast (2019-2025)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Please download report pages and learn more: