The Algal Pigments Market is projected to experience a CAGR of 4% from 2019 to 2025, with an anticipated value of $452.4 million by 2025. This growth is driven by the increasing use of algal pigments in various applications, including therapeutic and nutritional products, and a shift away from synthetic colors.

Here are the top 10 companies operating in the Algal Pigments Market:

Earthrise Nutritionals, LLC

Founded in 1976 and based in California, U.S., Earthrise Nutritionals, LLC, is a leading producer of spirulina and spirulina-based products. The company’s global reach is supported by its partnership with DIC Corporation, enhancing its market presence.

Cyanotech Corporation

Cyanotech Corporation, established in 1983 and headquartered in Kailua Kona, Hawaii, U.S., focuses on microalgae-derived products such as Bioastin astaxanthin and spirulina. The company operates in Europe, Asia Pacific, and the Middle East & Africa.

BlueBioTech Int. GmbH

BlueBioTech Int. GmbH, founded in 2000 and based in Kaltenkirchen, Germany, specializes in R&D, production, and sales of microalgae products. Its offerings include microalgae concentrates and fine chemicals, as well as contract development services.

Zhejiang Binmei Biotechnology Co., Ltd.

Zhejiang Binmei Biotechnology Co., Ltd., established in 2013 and located in Zhejiang Province, China, manufactures spirulina extracts used in various industries. The company holds patents for its advanced extraction technologies.

Bluetec Naturals Co., Ltd.

Bluetec Naturals Co., Ltd., founded in 1998 and based in Inner Mongolia, China, provides algae products worldwide. The company’s technology for extracting phycocyanin from spirulina serves multiple industries, including food, cosmetics, and pharmaceuticals.

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Algatechnologies Ltd.

Algatechnologies Ltd., founded in 1998 and located in Eilot, Israel, is known for its AstaPure astaxanthin, sourced from Haematococcus pluvialis. The company serves various sectors, including dietary supplements, functional foods, and cosmetics.

E.I.D. – Parry (India) Limited

E.I.D. – Parry (India) Limited, established in 1788 and based in Chennai, India, offers organic spirulina and chlorella. Its internationally certified ‘Parry’s Spirulina’ is sold in over 41 countries.

Tianjin Norland Biotech Co., Ltd.

Tianjin Norland Biotech Co., Ltd., founded in 2013 and headquartered in Tianjin, China, engages in the production of algae products for nutraceuticals, cosmeceuticals, and animal nutrition. The company operates large-scale cultivation facilities.

AlgaeCan Biotech Ltd.

AlgaeCan Biotech Ltd., founded in 2009 and based in Maple Ridge, Canada, develops technologies for microalgae cultivation and harvest. The company’s product range includes astaxanthin and other high-value ingredients.

AstaReal AB

AstaReal AB, founded in 1990 and headquartered in Nacka, Sweden, is part of the AstaReal Group, a subsidiary of Fuji Chemical Industries Co., Ltd. The group focuses on natural astaxanthin, with AstaReal products distributed internationally.

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