TOP 10 COMPANIES IN EUROPE MICROALGAE MARKET

The Europe Microalgae Market is expected to reach $491.9 million by 2030, at a CAGR of 9.3% during the forecast period of 2023–2030. In terms of volume, the Europe Microalgae Market is expected to reach 25,465 tons by 2030, at a CAGR of 8.3% during the forecast period 2023–2030. The growth of this market is driven by consumer inclination toward health & wellness trends and the growing dietary supplements industry, the rising demand for natural food colors, increasing vegetarianism, the growing nutraceuticals industry, the increasing preference for microalgae-sourced products, and increasing awareness regarding benefits of microalgae. However, low awareness regarding the benefits of microalgae and the complexities in the production of algae products are expected to restrain the growth of this market.

Furthermore, the rising demand for phycocyanin and the growing demand for microalgae among biorefineries are expected to create market growth opportunities. However, contamination risks are a major challenge for the players operating in this market. Additionally, the growing adoption of new production technologies (photobioreactors) is a prominent trend in the Europe microalgae market.

Here are top 10 companies operating in the Europe Microalgae Market 

DIC Corporation (Japan)

DIC specializes in manufacturing printing inks and produces organic pigments and synthetic resins. The company offers its products to the automotive, electronics, food, and housing industries. It operates in three business segments: Packaging & Graphic, Functional Products, and Color & Display. The Color & Display segment offers spirulina and phycocyanin. The company has a broad portfolio of microalgae. It offers microalgae products, including spirulina and phycocyanin in the form of powder and tablets, through its subsidiary companies Earthrise Nutritionals, LLC (U.S.), Sun Chemical Corporation (U.S.), and Hainan DIC Microalgae Co., Ltd. (China).

Linablue is Earthrise Nutritional’s spirulina extract product. The company offers its phycocyanin products in powder and liquid form. Phycocyanin can be used as a natural food colorant and a functional food ingredient. It is an approved natural blue colorant in the U.S., Europe, and Asia. The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its strong distribution network in over 63 countries.

Cyanotech Corporation (U.S.)

Cyanotech is engaged in cultivating and producing natural products derived from microalgae for health and human dietary supplements. The company operates through three business segments, namely, Natural Astaxanthin Products, Spirulina Products, and Contract Extraction Services. The company has microalgae cultivation ponds and offers spirulina in powder and tablet forms and astaxanthin in the form of oleoresin, powder, and soft gels.

Cyanotech caters to food, agriculture, animal feed, dietary supplement, nutraceutical, and cosmetic industries. With its subsidiaries and a strong distribution network, it has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

E.I.D. – Parry (India) Limited (A Subsidiary of M/S. Ambadi Investments Limited) (India)

E.I.D. – Parry is engaged in the manufacturing of 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.

C.B.N. Bio-Engineering Co., Ltd (China)

C.B.N. is engaged in R&D, manufacturing, and selling spirulina, chlorella, and haematococcus pluvialis. The company offers organic spirulina and chlorella powders. It also provides spirulina tablets and powder through the B2B business model.

C.B.N. has a production base of 600,000 m2. With its subsidiaries and a strong distribution network in over 30 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Taiwan Chlorella Manufacturing Company (TCMC) (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 Europe Microalgae Market has predicted the growth of 9.3% during the forecast year 2023-2030.

Algatechnologies Ltd. (A Part of Solabia Group) (Israel)

Algatechnologies is engaged in developing and cultivating microalgae. The company produces nannochloropsis and natural astaxanthin sourced from the microalga haematococcus pluvialis in the form of oleoresin extract, powder, softgels, and gummies. AstaPure, a brand of the company, caters to the nutrition, food & beverages, and cosmetics industries.

Algatechnologies also provides logistics, warehousing, and lab support services, offering customers a reliable supply and prompt response. With its strong distribution networks across 35 countries, the company has a geographic presence across North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.

Allmicroalgae Natural Products S.A. (Portugal)

Allmicroalgae is engaged in the cultivation of Chlorella vulgaris, Nannochloropsis oceanica, Phaeodactylum sp., Spirulina, and Tetraselmis sp. in closed tube systems or fermentation vessels. The company focuses on microalgae products and solutions for supplements, food, and feed applications. The company has its production facility in Leiria, 100 km north of Lisbon, Portugal.  Allma, a brand of the company, offers chlorella and spirulina ingredients.

The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Zhejiang Binmei Biotechnology Co., Ltd. (China)

Zhejiang Binmei Biotechnology manufactures high-quality and reliable powder, liquid, and oil-soluble spirulina extracts (phycocyanin), Carthamus, safflower, and trehalose. The company offers its products to the food, health, cosmetics, and pharmaceutical industries.

Zhejiang Binmei Biotechnology has an independent intellectual property right about spirulina extraction. Its independent innovation and high-activity phycocyanin natural purification technology is a patented technology. Additionally, the company has obtained eight technical patents in marine biology. It also manufactures four grades of phycocyanin, including food grade, cosmetic grade, medical grade, and reagent grade. Further, the company provides both spirulina protein powder and blue spirulina liquid extract with patent certifications. The company has a geographic presence across the U.S., Germany, Japan, South Korea, and other countries.

Sun Chlorella Corporation (Japan)

Sun Chlorella is engaged in the production and sales of chlorella, astaxanthin, eleuthero, Agaricus, and anserine for health management & nutritional support and manufacturing. The company offers chlorella products in the form of tablets, liquids, powders, and creams.

Sun Chlorella manufactures nutritionally superior species of chlorella pyrenoidosa that are pulverized by the DYNO-Mill technology. The company invests heavily in research, education, product improvement, quality manufacturing, employee development, and customer service to serve its products to the food, beverage, cosmetics, and pet food industry. The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

AlgoSource (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, and sales of natural products, such as chlorella, 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.

Popular Mention: Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Bluetec Naturals CO., LTD. (China), Far East Microalgae Industries, Co., Ltd.(FEMICO) (Taiwan), Far East Bio-Tec. Co., Ltd. (FEBICO) (Taiwan), Necton S.A. (Portugal), YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (Yunnan Spirin Biotechnology Co. Ltd) (China), JIANGSHAN COMP SPIRULINA CO., LTD (China), Roquette Klötze GmbH & Co. KG (Germany), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Tianjin Norland Biotech Co., Ltd (China), BlueBioTech Group (Germany), Aliga Microalgae (Denmark), Hangzhou OuQi Food co., Ltd. (China), ALGALIMENTO SL (Spain), Reed Mariculture Inc. (U.S.), Vedan Biotechnology Corporation (Taiwan), Archimede Ricerche Srl (Italy), A4f Algae for Future (Portugal), AlgaSpring B.V. (Netherlands), and Astaxa GmbH (Germany).

Authoritative Research on the Europe Microalgae Market – Regional Opportunity Analysis and Industry Forecast (2023-2030)

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• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

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