The Microalgae Market is poised to achieve a market value of $3.08 billion by the year 2030, showcasing a steady Compound Annual Growth Rate (CAGR) of 9.4% from 2023 to 2030. The expansion of this market is underpinned by the increasing consumer focus on health and wellness, a burgeoning dietary supplements industry, growing demand for natural food colors, rising vegetarianism, surging interest in nutraceuticals, and a preference for products sourced from microalgae. Despite facing challenges such as low awareness about microalgae benefits and complexities in production, the market is anticipated to exhibit robust growth.
Top 10 Companies Leading the Microalgae Market: https://meticulousblog.org/top-10-companies-in-microalgae-market/
1. Fuqing King Dnarmsa Spirulina Co., Ltd. (China)
• Established in 1995, King Dnarmsa specializes in algae breeding, production, sales, and research.
• Certifications: ISO9001:2015, HACCP, BRC, Kosher, Halal, NOP, and EU organic.
• Noteworthy Products: Spirulina powder/tablets, chlorella powder/tablets, phycocyanin, and Dunaliella salina.
2. Earthrise Nutritionals, LLC (U.S.)
• Founded in 1976, Earthrise is a California-based producer of spirulina and spirulina-based products.
• Partnership: Collaborates with Dainippon Ink and Chemicals (Japan) for micro-algae development.
• Highlight Product: Linablue - spirulina extract (Phycocyanin) used as a natural food colorant.
3. E.I.D. – PARRY (INDIA) LIMITED
• Established in 1788, E.I.D. – Parry operates in sugar, biopesticides, and nutraceuticals.
• Product Range: Organic spirulina, chlorella, and microalgal products.
• Geographic Presence: Presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
4. Cyanotech Corporation (U.S.)
• Founded in 1983, Cyanotech cultivates and produces natural products from microalgae.
• Segments: Natural Astaxanthin Products, Spirulina Products, and Contract Extraction Services.
• Application: Supplies to food, agriculture, animal feed, dietary supplement, nutraceutical, and cosmetic industries.
5. C.B.N. Bio-engineering Co., Ltd (China)
• Founded in 1994, C.B.N. focuses on R&D, manufacturing, and selling spirulina, chlorella, and phycocyanin.
• Product Range: Organic spirulina and chlorella powders, spirulina tablets, and phycocyanin powder.
• Global Presence: Distributes in over 30 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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6. YUNNAN GREEN A BIOLOGICAL PROJECT CO., LTD. (China)
• Founded in 1997, Yunnan Green specializes in developing, breeding, producing, and marketing microalgae products.
• Annual Production Capacity: 3,000 metric tons of spirulina, chlorella, and Haematococcus Pluvialis.
• Product Forms: Powder, tablets, and extract-phycocyanin for healthcare, medicine, cosmetics, and food industries.
7. Jiangshan COMP SPIRULINA CO., LTD. (China)
• Established in 1997, Jiangshan is involved in algae cultivation, R&D, production, and selling.
• Certifications: Farms are organic certified; offers spirulina in powder, tablets, and phycocyanin.
• Industries Served: Food, pharmaceutical, and nutraceutical industries.
8. Inner Mongolia Rejuve Biotech Co., Ltd. (China)
• Founded in 2006, Inner Mongolia Rejuve Biotech is engaged in cultivating, harvesting, and drying spirulina, chlorella, and phycocyanin.
• Business Models: Operates through both B2B and B2C.
• Product Forms: Tablets and powder for food, cosmetic, and pharmaceutical industries.
9. Zhejiang Binmei Biotechnology Co., Ltd. (China)
• Established in 2013, Zhejiang Binmei Biotechnology manufactures high-quality spirulina extracts (phycocyanin), Carthamus, safflower, and trehalose.
• Technology: Holds independent intellectual property rights for spirulina extraction.
• Certifications: Patented technology with eight technical patents in marine biology.
10. Bluetec Naturals CO., LTD. (China)
• Founded in 1998, Bluetec is a supplier of algae products, producing around 500 tons of spirulina annually.
• Product Range: Phycocyanin, chlorella, astaxanthin, and spirulina extracts for food, cosmetic, and pharmaceutical industries.
• Innovation: Developed technology for extracting phycocyanin from spirulina in 2016.
Honorable Mentions: Taiwan Chlorella Manufacturing Company, Sun Chlorella Corporation, Roquette Klötze GmbH & Co. KG, Gong Bih Enterprise Co., Ltd., Yaeyama Shokusan Co., Ltd., Vedan Biotechnology Corporation, AlgoSource, Tianjin Norland Biotech CO., LTD, Phycom BV, Allmicroalgae Natural Products S.A., Aliga Microalgae, Taiwan Wilson Enterprise Inc., Daesang Corporation, Algalimento SL, Seagrass Tech Private Limited, Plankton Australia Pty Limited, Hangzhou Ouqi Food Co., Ltd., and Shaanxi Rebecca Bio-Tech Co., Ltd.
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