The marked trend and consumers’ growing interested in natural and healthy products have forced researchers and industry to develop novel products with functional ingredients. Microalgae have been recognized as a source of functional ingredients with positive health effects since these microorganisms produce polyunsaturated fatty acids, polysaccharides, natural pigments, essential minerals, vitamins, enzymes, and bioactive peptides.
Omega-3 fatty acids have several benefits for human health, such as preventing heart disease, healing atherosclerosis, and anti-aging. Linolenic acid, alpha-linolenic acid, eicosapentaenoic (EPA), and docosahexaenoic acid (DHA) are some natural omega-3 fatty acids. Usually, these omega-3 fatty acids are commonly derived from fish oil, but many indications stated that omega-3 fatty acids in fish oil come from zooplankton, which consumes spirulina. Thus, microalgae are one of the best sources of omega-3 fatty acids. Algal PUFA production is more economical than biofuel production, and hence several large-scale producers are now focusing on nutritional PUFA production instead of biofuels. Spirulina is one of the most prominent microalgae due to its high production of long-chain polyunsaturated fatty acids, phenolic compounds, volatile compounds, sterols, proteins, amino acids, peptides, vitamins, polysaccharides, pigments, and food. It contains 15.8% lipid with 4.9% omega-3 fatty acid.
The Spirulina Market is expected to reach $968.6 million by 2028, at a CAGR of 13.2% during the forecast period 2021 to 2028.
Here are the top 10 companies operating in spirulina market–
Yunnan Green A Biological Project Co., Ltd
Founded in 1997 and headquartered at Kunming, China; Yunnan Green A Biological Project Co., Ltd is engaged in developing, breeding, production, marketing, and research of micro-algae products. Yunnan Green A Biological Project Co., Ltd acts as a subsidiary of Yunnan Spirin Biotechnology Co. Ltd. The company’s annual microalgae (spirulina, chlorella, and Haematococcus Pluvialis) production is 3,000 metrics ton per year. The company offers spirulina in the form of powder, tablet, and extract-phycocyanin. The company uses spirulina and haematococcus pluvialis into many fields such as health care products, medicine, cosmetics, and foods.
Green A’s research and development production base is located beside Chenghai Lake, Yunnan province, which is one of the biggest three alkaline lakes naturally producing spirulina in the world.
Inner Mongolia Rejuve Biotech Co. Ltd.
Founded in 2006 and headquartered at Wukan, China; Inner Mongolia Rejuve Biotech Co. Ltd is engaged in cultivation, harvesting, and drying of spirulina. The company has algae breeding base of 630,000 sq. m. The company’s production of spirulina powder is 1,100 ton per year and of spirulina tablet is 100 ton per year.
The company offers spirulina in the form of tablet and powder. The products have been inspected by Inner Mongolia Autonomous Region Product Quality Supervision and Inspection Institute and Inner Mongolia.
The company sells spirulina powder to Hebei Province, Henan Province, Sichuan Province, Nanjing, Beijing, Shanghai, and Tianjin in domestic market and 200ton spirulina powder to European Union, the U.S., and Japan.
Earthrise Nutritionals, Llc (Part Of Dic Corporation)
Founded in 1976 and headquartered at California, U.S.; Earthrise Nutritionals LLC is engaged in the production of spirulina. Earthrise Nutritionals LLC operates as a subsidiary of DIC Corporation. The company offers spirulina in the form of powder and tablets.
The company has spirulina farm of 108 acre and offers spirulina and spirulina-based products in over 20 countries around the globe.
Fuqing King Dnarmsa Spirulina Co. Ltd.
Founded in 1995 and headquartered at FuQing, China; Fuqing King Dnarmsa Spirulina Co. Ltd. is engaged in breeding, production, selling, and scientific research of algae. The farm owns seven cultivation farms, one algae research institute, and one algae product deep processing workshop. The farm offers spirulina products in the form of powder and tablets.
The company’s cultivation farms have an annual output of 1,600 ton of spirulina and 400 ton of chlorella. The company serves customers in Europe, the United States, Australia, Southeast Asia, and other countries and regions.
Zhejiang Comp Spirulina Co., Ltd.
Founded in 1997 and headquartered at Jiangshan, China; Zhejiang Comp Spirulina Co., Ltd is engaged in the cultivation of algae, production, research & development, and selling. The company has 3 algae cultivation farms which cultivates spirulina and chlorella. The company offers spirulina in the form of powder, tablets, and capsules. The company also provides feed grade spirulina and phycocyanin extracts. The company’s annual output of spirulina powder is 800 ton and of chlorella pyrenoidosa is 50 ton.
The farm has passed organic test and its spirulina/chlorella powder and tablets are organic certificated. Their products are widely used in medicine, health products, food, and fine chemical extraction sectors. The company is a long-time supplier for pharmaceutical and food companies both in China and worldwide.
A report into the projected growth of the current Spirulina Market
by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 13.2%, reaching over $968.6 million.
Dongtai City Spirulina Bio-engineering Co. Ltd.
Founded in 1994 and headquartered at Dongtai, China; Dongtai City Spirulina Bio-engineering Co. Ltd. is engaged in developing, manufacturing, selling, and research of spirulina and chlorella. The company offers spirulina in the form of tablet, powder, and phycocyanin powder and has a production base of 600,000 sq. meters.
The company serves its customers in more than 30 countries, including the U.S., Japan, the U.K., Germany, Mexico, Italy, Canada, Malaysia, Vietnam, South Korea, Hong Kong, and Taiwan.
Qingdao Haizhijiao Biotechnology Co., Ltd
Founded in 1998 and headquartered at China; Qingdao Haizhijiao Biotechnology Co., Ltd is engaged in manufacturing and supplying of spirulina and chlorella and related products. The company has 7 cultivation farms of area 1,000,000 sq. m. The company’s production of spirulina is 1,000 metric ton per year and of chlorella is 150 metric ton per year.
The company sells 90% products to more than 30 countries of the world and 10% in domestic market.
Far East Microalgae Industries Co., Ltd (FEMICO)
Founded in 1976 and headquartered at Taipei, Taiwan; Far East Microalgae Industries Co., Ltd (FEMICO) is engaged in the development and commercialization of high value products derived from microalgae. The company offers products of three nutritional microalgae, namely chlorella, spirulina, and red algae. The company offers microalgae products in the form of powder, tablet, and extract.
The company has total area of 1,40,000 sq. m. with a production capacity of 1,000 ton per year for chlorella and 200 ton per year for spirulina. The company serves customers in the U.S., Europe, Japan, Korea, and other Southern Asian countries.
Founded in 1984 and headquartered at Kailua Kona, 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 provides microalgae, namely Bioastin and spirulina. The company has microalgae cultivation ponds of 90 acres.
The company has its geographic presence in Europe, Asia Pacific, and the Middle East & Africa
E.I.D. – Parry (India) Limited
Founded in 1788 and headquartered at Chennai, India; E.I.D. – Parry (India) Limited is engaged in manufacturing of sugar, bio pesticides, and nutraceuticals. The company operates as a subsidiary of M/s. Ambadi Investments Limited. The company provides organic spirulina, chlorella, and micro algal products in the nutraceuticals space. It offers spirulina in the form of bulk powder and tablet.
The company has a total area of 130 acres with a pristine ground water supply for cultivation of spirulina and chlorella. The company’s spirulina is sold in more than 41 countries across the globe and has its geographic presence in India.
Popular Mentions: Algene Biotech (India), Tianjin Norland Biotech Co. Ltd. (China), and Australian Spirulina (Australia)
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Authoritative Research on the Spirulina Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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