Top 10 Leading Companies in the Global Microalgae Market

Published Date : 2024-Dec-06

The Global Microalgae Market is rapidly expanding due to growing demand for natural ingredients in food, cosmetics, pharmaceuticals, and biofuels. Microalgae are rich in nutrients, making them highly versatile and valuable in various industries.

Here’s a look at the top 10 leading companies in this market, showcasing their names DIC Corporation, Cyanotech Corporation, Corbion, AlgaEnergy, Cellana, Euglena, Algaecytes, Parry Nutraceuticals, Allmicroalgae and Kuehnle AgroSystems.


Overview: 

 
Market Size & Growth: Global Microalgae Market size was valued at USD 3694.21 Million in 2023 and is projected to reach USD 4998.58 Million by 2031, growing at a CAGR of 4.69% from 2023 to 2031 according to a new report by Intellectual Market Insights Research.

 

The Microalgae market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the Microalgae market.

 

Top 10 Leading Companies

DIC Corporation

Headquarters: Tokyo, Japan
Founded: 1908
Employees: Approx. 20,000 (2023)
Revenue: $6 billion (2023)
Regional Presence: Strong markets in Japan, North America, and Europe.
Overview:

DIC Corporation is a global leader in chemical manufacturing and advanced materials. The company is heavily involved in the microalgae market through its production of astaxanthin and other high-value compounds. DIC’s focus is on leveraging microalgae for applications in health, nutrition, and cosmetics, with its Sun Chlorella brand being particularly well-recognized for high-quality microalgae-based supplements.

DIC Corporation continues to innovate within the microalgae market, contributing to sustainable and health-focused industries worldwide.

 

Cyanotech Corporation

Headquarters: Kailua-Kona, Hawaii, USA
Founded: 1983
Employees: Approx. 200 (2023)
Revenue: $35 million (2023)
Regional Presence: Dominant in the U.S., with growing markets in Asia and Europe.
Overview:

Cyanotech Corporation is a globally recognized leader in the cultivation and production of high-value microalgae products. Located on Hawaii’s Big Island, the company leverages natural sunlight, pure water, and an eco-friendly process to produce premium-quality spirulina and astaxanthin for dietary supplements, functional foods, and personal care products.

 

Corbion

Headquarters: Amsterdam, Netherlands
Founded: 1919
Employees: Approx. 2,500 (2023)
Revenue: $1.2 billion (2023)
Regional Presence: Strong in Europe, North America, and Asia-Pacific.
Overview:

Corbion is a global leader in sustainable ingredient solutions, specializing in food, biochemicals, and algae-based products. Through its AlgaPrime™ DHA brand, Corbion harnesses the power of microalgae to produce high-value omega-3 fatty acids for aquaculture, animal feed, and human nutrition. Its commitment to innovation and sustainability drives its leadership in the algae-based market.

 

AlgaEnergy

Headquarters: Madrid, Spain
Founded: 2007
Employees: Approx. 150 (2023)
Revenue: $50 million (2023)
Regional Presence: Europe, Asia, and the Middle East.
Overview:

AlgaEnergy specializes in the research, production, and commercialization of high-value microalgae-based solutions. The company focuses on sustainable applications across multiple industries, including agriculture, aquaculture, cosmetics, and nutraceuticals. Its innovative approach to microalgae cultivation has established it as a key player in the global market.

 

Cellana Inc.

Headquarters: San Diego, California, USA
Founded: 2004
Employees: Approx. 50 (2023)
Revenue: $10 million (2023)
Regional Presence: North America and Asia-Pacific.
Overview:

Cellana is a leading developer of sustainable, algae-based products for biofuels, animal feed, and human nutrition. The company leverages its patented ALDUO™ system for large-scale algae cultivation, focusing on sustainability and renewable energy. Cellana’s innovative processes align with global efforts to reduce carbon emissions and dependency on fossil fuels.

 

Euglena Co., Ltd.

Headquarters: Tokyo, Japan
Founded: 2005
Employees: Approx. 600 (2023)
Revenue: $150 million (2023)
Regional Presence: Japan and Southeast Asia.
Overview:

Euglena Co., Ltd. is a pioneering biotechnology company specializing in the production of microalgae-based products derived from the Euglena microalgae. The company operates across various sectors, including functional foods, cosmetics, biofuels, and environmental solutions, with a strong focus on sustainability and innovation.

 

Algaecytes

Headquarters: Perth, Western Australia, Australia
Founded: 2014
Employees: ~50 (2023)
Revenue: $10 million (2023)
Regional Presence: Strong presence in the Australian market, North America and Europe.
Overview:

Algaecytes is an Australian company specializing in the commercial cultivation of microalgae, with a focus on developing high-quality algae-based products for a variety of industries, including food, nutraceuticals, and pharmaceuticals. The company is known for its expertise in sustainable algae farming, utilizing cutting-edge technologies to produce algae with high nutritional value, such as spirulina, a popular superfood. Algaecytes aims to meet the growing global demand for plant-based, sustainable nutritional solutions.

 

Parry Nutraceuticals

Headquarters: Chennai, India
Founded: 1977
Employees: Approx. 1,000 (2023)
Revenue: $100 million (2023)
Regional Presence: India, North America, and Europe.
Overview:

Parry Nutraceuticals, a division of E.I.D. Parry (India) Ltd., is a globally renowned producer of organic microalgae products. The company specializes in cultivating spirulina, chlorella, and other high-value algae for the nutraceutical, functional food, and dietary supplement markets. Parry Nutraceuticals is recognized for its commitment to quality, sustainability, and innovation.

 

Allmicroalgae

Headquarters: Lisbon, Portugal
Founded: 2013
Employees: Approx. 100 (2023)
Revenue: $15 million (2023)
Regional Presence: Europe and Asia.
Overview:

Allmicroalgae is a leading European company specializing in the production and commercialization of high-quality microalgae-based products for various industries, including food, feed, cosmetics, and pharmaceuticals. The company focuses on sustainable algae production through innovative cultivation methods, emphasizing the benefits of algae in health, nutrition, and sustainability.

 

Kuehnle AgroSystems

Headquarters: Honolulu, Hawaii
Founded: 2007
Employees: Approx. xx (2023)
Revenue: $xx.xx (2023)
Regional Presence: North America and Asia.
Overview:

Kuehnle AgroSystems specializes in producing high-value natural products from microalgae for the food, feed, and health industries. The company uses a patented dark fermentation process, which significantly accelerates production and reduces costs by 90%. This method is more sustainable, requiring less land, water, and energy. Their products include astaxanthin (an antioxidant) and algae-based proteins, with applications in nutraceuticals, cosmetics, functional foods, and animal feed.

 

The global microalgae market is thriving as consumers increasingly prioritize natural and sustainable products. These top companies exemplify innovation, sustainability, and growth, meeting the rising demand for microalgae-based solutions across industries. With their diverse portfolios and global reach, they are paving the way for the future of this dynamic market.

 

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