Top 10 Companies in Microalgae Market

The Microalgae Products Market is projected to reach $2.26 billion by 2031, at a CAGR of 8.6% from 2024 to 2031. Consumer preferences for health and wellness trends, the expanding dietary supplement industry, rising demand for natural food colors, rising vegetarianism, growth in the nutraceuticals sector, and increased interest in microalgae-based products all contribute to driving the growth of the microalgae market. Nonetheless, low awareness of the benefits of microalgae and the complexity connected with algal product production are projected to hinder market growth.

Here are the top 10 companies operating in the  Microalgae Market

Fuqing King Dnarmsa Spirulina Co., Ltd. (China)

Founded in 1995 and headquartered in Fusing, China, King Dnarmsa specializes in the breeding, production, sales, and scientific research of algae. The company operates seven cultivation farms, an algae research institute, and a deep-processing workshop for algae products. King Dnarmsa offers a range of products, including spirulina powder and tablets, chlorella powder and tablets, phycocyanin, and Dunaliella salina. The company holds several certifications, including ISO9001:2015, HACCP, BRC, Kosher, Halal, NOP, and EU Organic.

With algae farms in Hainan province, the company produces 1600 tons of spirulina, 400 tons of chlorella, and 30 tons of phycocyanin per year.

Earthrise Nutritionals, LLC, (U.S.)

Founded in 1976 and headquartered in California, U.S., Earthrise is a producer of spirulina and spirulina-based products. The company formed a strategic partnership with Dainippon Ink and Chemicals (now DIC Corporation) in 1981 to advance microalgae for use in the food, biochemical, and pharmaceutical sectors. In 2005, DIC Corporation acquired Earthrise Nutritional. Earthrise operates under a B2C model, with products available through both online and in-store channels. The company’s offerings are used in a variety of food & beverage applications.

Linablue is Earthrise’s spirulina extract product, featuring phycocyanin, a natural blue pigment derived from spirulina. Phycocyanin serves both as a natural food colorant and as a functional food ingredient. It is an approved natural blue colorant in the U.S., Europe, and Asia. The company offers its phycocyanin products in powder and liquid forms.

E.I.D. – PARRY (INDIA) LIMITED

Founded in 1788 and headquartered in Chennai, India, E.I.D. – Parry is engaged in the manufacturing of sugar, biopesticides, and nutraceuticals. The company operates through four product segments: Sugar, Cogeneration, Distillery, and Nutraceuticals. The Nutraceuticals segment provides organic spirulina, chlorella, and microalgal products.

E.I.D. offers its products to the confectionery, bakery, beverages, and dairy industries. 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.

Cyanotech Corporation

Founded in 1983 and headquartered in Kailua-Kona, U.S., Cyanotech is engaged in cultivating and producing natural products from microalgae for health and dietary supplements. The company operates through three primary business segments: Natural Astaxanthin Products, Spirulina Products, and Contract Extraction Services. Cyanotech maintains microalgae cultivation ponds and provides spirulina in powder and tablet forms. Its products cater to diverse sectors, including food, agriculture, animal feed, dietary supplements, nutraceuticals, and cosmetics.

C.B.N. Bio-engineering Co., Ltd

Founded in 1994 and headquartered in Dongtai, China, C.B.N. focuses on R&D, manufacturing, and selling products such as spirulina, chlorella, phycocyanin, and Haematococcus pluvialis. The company offers organic spirulina and chlorella powders, as well as spirulina tablets and phycocyanin powder. These products are distributed through a B2B business model.

The firm 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.

Meticulous Research in its latest publication on Microalgae Market has predicted the growth of 8.6% during the forecast year 2024-2031.

YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD.

Founded in 1997 and headquartered in Kunming, China, Yunnan Green specializes 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 provides its products in various forms, including powder, tablets, and extract-phycocyanin, serving the healthcare, medicine, cosmetics, and food industries.

Jiangshan COMP SPIRULINA CO., LTD.

Founded in 1997 and headquartered in Jiangshan, China, Jiangshan is engaged in algae cultivation, R&D, production, and selling. The company operates three farms dedicated to the cultivation of spirulina and chlorella. Jiangshan offers spirulina in various forms, including powder, tablets, and phycocyanin extracts, as well as feed-grade spirulina and phycocyanin. The farms are certified organic, and the company’s spirulina and chlorella powders and tablets hold organic certification. Jiangshan’s products are supplied to the food, pharmaceutical, and nutraceutical industries.

Inner Mongolia Rejuve Biotech Co., Ltd.

Founded in 2006 and headquartered in Inner Mongolia, China, Rejuve Biotech is engaged in cultivating, harvesting, and drying spirulina, chlorella, and phycocyanin. The company maintains an algae breeding base spanning 630,000 square meters and offers its products in both tablet and powder forms. It operates under both B2B and B2C business models.

Zhejiang Binmei Biotechnology Co., Ltd.

Founded in 2013 and headquartered in Zhejiang Province, 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 holds exclusive intellectual property rights for spirulina extraction. The company’s patented technology includes independent innovations and a high-activity phycocyanin natural purification process. Moreover, Zhejiang Binmei has secured eight technical patents in marine biology.

Bluetec Naturals CO., LTD.

Founded in 1998 and headquartered in Inner Mongolia, China, Bluetec is a supplier of algae products. The company produces approximately 500 tons of spirulina annually and supplies phycocyanin, chlorella, astaxanthin, and spirulina extracts. Bluetec markets its products to the food, cosmetic, and pharmaceutical industries. In 2016, the company introduced an innovative technology for extracting phycocyanin from spirulina.

Popular Mention:

Taiwan Chlorella Manufacturing Company(TCMC) (Taiwan), Sun Chlorella Corporation (Japan), Roquette Klötze GmbH & Co. KG (Germany), Gong Bih Enterprise Co., Ltd. (Taiwan), Yaeyama Shokusan Co., Ltd. (Euglena Co Ltd) (Japan), Vedan Biotechnology Corporation (Taiwan), AlgoSource (France), Tianjin Norland Biotech CO., LTD (China), Phycom BV (Netherlands), Allmicroalgae Natural Products S.A. (Portugal), Aliga Microalgae (Denmark), Taiwan Wilson Enterprise Inc. (Taiwan), Daesang Corporation (Korea), Algalimento SL (Spain), Seagrass Tech Private Limited (India), Plankton Australia Pty Limited (Australia), Hangzhou Ouqi Food Co., Ltd. (China), and Shaanxi Rebecca Bio-Tech Co., Ltd (China).

Authoritative Research on the Microalgae Market – Global Opportunity Analysis and Industry Forecast (2024-2031)

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.