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The chlorella market is projected to reach $639.7 million by 2031, at a CAGR of 6.3% from 2024 to 2031. In terms of volume, this market is projected to reach 43,810 tons by 2031, at a CAGR of 7.4% during the forecast period of 2024–2031. The growth of the chlorella market is driven by the growing inclination of consumers toward a protein-rich diet, increasing health and wellness trends, the development of innovative chlorella food & beverages products, the growing nutraceutical industry, and growing vegetarianism. However, the risk of contamination, high production costs, and complex production of algae products restrain the growth of the chlorella market.
Here are the top 10 companies operating in the Chlorella Market
E.I.D. – Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India)
Founded in 1788 and headquartered in Chennai, India, E.I.D. – Parry manufactures sugar, biopesticides, and nutraceuticals. The company’s four product segments are Sugar, Cogeneration, Distillery, and Nutraceuticals. The Nutraceuticals segment offers organic spirulina, chlorella, astaxanthin, and microalgal products.
E.I.D. offers its products to the confectionery, bakery, beverages, and dairy industries. The company offers organic spirulina products such as phycocyanin in the nutraceuticals space. With its subsidiaries and a strong distribution network in over 41 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of March 2023, the company had a headcount of 2,230 employees worldwide.
DAESANG Corporation (Korea)
Founded in 1956 and headquartered in Seoul, Korea, DAESANG produces a variety of food products, including food seasonings, sweeteners, starches, coffee, fodder, bulk pharmaceutical ingredients, spicy condiments, such as hot pepper and soybean pastes, soy sauce, marinades, fish sauce, bouillon, vinegar, mayonnaise, and instant noodles. The company is one of the country’s top corn wet millers and manufactures corn starch, corn syrup, and starches for industrial applications, such as adhesives.
Daesang operates through two major business segments, namely, Food and Ingredient. The Ingredient segment offers microalgae products. It provides chlorella products for functional food, dietary supplements, aquaculture feed, and pet food industries.
The company has a presence across Asia-Pacific, North America, and Europe.
Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
Founded in 1995 and headquartered in Fujian, China, King Dnarmsa is engaged in the breeding, production, sales, and scientific research of algae. The company owns seven cultivation farms, an algae research institute, and an algae product deep-processing workshop. King Dnarmsa offers spirulina powder/tablets, chlorella powder/tablets, phycocyanin, and Dunaliella salina. The company is ISO9001:2015, HACCP, BRC, Kosher, Halal, NOP, and EU organic certified.
With algae farms in Hainan province, King Dnarmsa produces 1600 tons of spirulina, 400 tons of chlorella, and 30 tons of phycocyanin per year, achieving a total annual output of 2,000 tons.
Further, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. It exports its products to the U.S., Europe, Australia, Southeast Asia, and other countries and regions.
YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China)
Founded in 1997 and headquartered in Kunming, China, Yunnan Green is engaged in developing, breeding, producing, and marketing microalgae products. The company’s annual microalgae production capacity, comprising the production of spirulina, chlorella, and Haematococcus Pluvialis, is 3,000 metric tons.
Yunnan Green offers spirulina, chlorella, and Haematococcus Pluvialis in powder, tablets, soft capsules, and extract-phycocyanin to the healthcare, medicine, cosmetics, and food industries.
The company has a geographic presence across East Europe, Russia, Southeast Asia, Australia, New Zealand, China, and Hong Kong.
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.
Meticulous Research in its latest publication on Chlorella Market has predicted the growth of 6.3% during the forecast year 2021-2028.
AlgoSource (France)
Founded in 1993 and headquartered in Saint-Nazaire, France, AlgoSource offers an end-to-end range of services, such as production engineering, value creation, and the industrial development of microalgae. The company is engaged in microalgae production within controlled systems, biorefinery engineering, sales of natural products, such as chlorella and spirulina, and the conception of integrated culture systems.
AlgoSource specializes in phycocyanin-based products and cold extraction technologies. With its expertise, the company has developed an exclusive extraction technology to optimize concentration and obtain high-value molecules to provide functional ingredients for nutraceuticals, cosmetics, and health applications. The company is also an expert in the production of chlorella liquid extract.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Bluetec Naturals CO., LTD. (China)
Founded in 1998 and headquartered in Inner Mongolia, China, Bluetec manufactures algae products and produces around 500 tons of spirulina annually. It also provides phycocyanin, chlorella, astaxanthin, and spirulina extracts. In 2016, the company developed an innovative technology to extract phycocyanin from spirulina.
Besides existing products, Bluetec Naturals also produces blue spirulina, spirulina extract, and phycocyanin products according to special formulations for its customers. The company offers its products in liquid, powder, softgels, and capsule forms to the food, cosmetics, and pharmaceutical industries. The company is also certified by FSSC22000, ISO9001, HACCP, BRC, Organic, Kosher, and Halal. Further, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan)
Founded in 1975 and headquartered in Okinawa, Japan, Yaeyama Shokusan is engaged in R&D, production, and marketing of chlorella as a food resource. The company provides chlorella seed strain, seeding cultivation, outdoor cultivation, harvest, drying, and quality inspection services. Yaeyama Shokusan cultivates chlorella in 30m diameter outdoor pools with a total cultivation area of 27,000 m3 and a site area of 99,000 m2.
Furthermore, Yaeyama Shokusan processes chlorella using advanced breaking cell wall technology. The company is certified by the Japan Quality Assurance Organisation (JQA) and has ISO9001-HACCP No. JQA-HA0047 and ISO9001 Management Certificate. The company provides its products in the form of powder and tablets to the food and dietary supplements industries.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Far East Microalgae Industries, Co., Ltd.(FEMICO) (Taiwan)
Founded in 1976 and headquartered in Taipei, Taiwan, FEBICO specializes in micro-algae products and offers organic spirulina and chlorella, natural spirulina and chlorella, and nutritional supplements. The company offers customers Naturland / EU and USDA-NOP-certified chlorella, spirulina, and dietary supplements. It has a 140,000 m2 manufacturing site with over 60 microalgae culture ponds in Ping-Tung County in southern Taiwan.
With its strong distribution network, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Necton S.A. (Portugal)
Founded in 1997 and headquartered in Olhão, Portugal, Necton produces and markets traditional sea salt and microalgae. The company produces several microalgae species, including Nannochloropsis, Chlorella, Phaeodactylum, Haematococcus, Porphyridium, Dunaliella, Isochrysis, Pavlova, Chaetoceros, Neochloris, Odontella, and Botryococcus under the phototrophic conditions in closed production systems.
Necton offers microalgae products under the brand name PhytoBloom in liquid, paste, and powder forms. The company’s offerings cater to the aquaculture, home aquarium, cosmetics, and food and nutraceutical industries.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and Africa. As of 2021, the company had a headcount of 58 employees across the world.
Popular Mentions: JIANGSHAN COMP SPIRULINA CO., LTD (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Sun Chlorella Corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Vedan Biotechnology Corporation (Taiwan), Tianjin Norland Biotech Co., Ltd (China), Phycom BV (Netherlands), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), TAIWAN WILSON ENTERPRISE INC. (Taiwan), Seagrass Tech Private Limited, Plankton Australia Pty Limited (Australia), Hangzhou Ouqi Food Co., Ltd. (China), Qingdao Haizhijiao Biotechnology Co., Ltd (China), Pond Technologies Inc. (Canada), and Astaxa GmbH (Germany).
Authoritative Research on the Chlorella Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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.
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