Algal Pigments Event

Algal Pigments Market Outlook

The global algal pigments market is anticipated to reach approximately USD 990 million by 2035, growing at a CAGR of around 5.5% during the forecast period from 2025 to 2035. The increasing demand for natural colorants in the food and beverage industry, coupled with the rising trend towards plant-based products, is significantly driving the growth of this market. Additionally, the growing awareness regarding the health benefits associated with algal pigments, such as antioxidant properties and their potential roles in cancer prevention, is further contributing to market expansion. Moreover, the incorporation of algal pigments in cosmetics and personal care products is expected to create new opportunities for growth, as consumers are increasingly favoring products with natural ingredients. The rise in applications in the pharmaceutical sector due to the therapeutic properties of these pigments also plays a significant role in the market's upward trajectory.

Growth Factor of the Market

The growth of the algal pigments market is primarily attributed to the increasing consumer preference for natural and organic products over synthetic alternatives. This trend is especially pronounced in the food and beverage sector, where consumers are becoming more conscious of the ingredients in their products, leading to a higher demand for natural colorants derived from algae. Furthermore, advancements in extraction technologies have made it more efficient to obtain high-quality algal pigments, thus increasing their availability in various industries. The growing popularity of health supplements and nutraceuticals that incorporate algal pigments adds to this demand, as these ingredients are recognized for their numerous health benefits, including anti-inflammatory and antioxidant properties. Additionally, the rise in research and development activities aimed at exploring new applications of algal pigments in pharmaceuticals, cosmetics, and animal feed is expected to bolster market growth considerably. Lastly, sustainability concerns related to the production and sourcing of ingredients have led to a significant shift towards algal pigments, which are sourced from renewable marine resources.

Key Highlights of the Market

• The increasing demand for natural colorants is driving market growth.
• Algal pigments are recognized for their health benefits, including antioxidant properties.
• Technological advancements in extraction processes are improving production efficiency.
• Growing applications in the pharmaceutical and cosmetics industries are expanding market opportunities.
• The shift towards sustainable ingredients is boosting the demand for algal pigments.

By Product Type

Chlorophylls:

Chlorophylls are green pigments found in algae that play a crucial role in photosynthesis. This type of algal pigment is highly favored in the food and beverage industry due to its vibrant green color and its health benefits, which include detoxifying properties and support for weight loss. Chlorophyll is commonly used in products like green juices, dietary supplements, and health foods, making it a significant contributor to the algal pigments market. The increasing demand for organic and natural products has further propelled the use of chlorophyll, particularly among health-conscious consumers. As a result, manufacturers are exploring innovative ways to incorporate chlorophyll into their products, which is expected to drive market growth in this segment.

Carotenoids:

Carotenoids are a group of pigments that provide red, orange, and yellow colors to various algal species. They are well-known for their antioxidant properties, which help to protect cells from damage caused by free radicals. This segment is particularly popular in the food and beverage sector, as carotenoids are often used as natural colorants in processed foods and beverages. Additionally, they are gaining traction in the cosmetics industry, where they are used for their skin health benefits. With an increasing focus on clean-label products and consumer preference for natural ingredients, the demand for carotenoids is likely to rise, thereby contributing significantly to the growth of the algal pigments market.

Phycobilins:

Phycobilins are water-soluble pigments that are primarily found in red algae. They are known for their vibrant colors and are widely used as natural colorants in food and beverages. Their unique absorption characteristics make them suitable for various applications, including enhancing the visual appeal of products. The growing trend of utilizing natural ingredients in food products is expected to fuel the demand for phycobilins as consumers increasingly seek healthier and more visually appealing options. Moreover, their use in dietary supplements and nutraceuticals underscores their importance in the algal pigments market, especially as health awareness continues to rise globally.

Fucoxanthin:

Fucoxanthin is a brown pigment present in brown algae and diatoms, renowned for its potential health benefits, including anti-obesity and anti-inflammatory properties. This pigment has gained significant attention in the health supplement industry, where it is marketed for its ability to promote weight loss and improve metabolic health. The increasing prevalence of obesity and related health issues has led to a surge in demand for natural weight management solutions, positioning fucoxanthin as a key player in the algal pigments market. Additionally, research into its therapeutic applications in cancer treatment and other health issues is further boosting interest in fucoxanthin, creating new opportunities for growth.

Astaxanthin:

Astaxanthin is a powerful antioxidant and is widely regarded as one of the most effective carotenoids available. Derived primarily from microalgae, this pigment is highly valued in the dietary supplement and nutraceutical markets, particularly for its anti-aging and skin health benefits. Astaxanthin has also found applications in aquaculture, where it is used to enhance the coloration of fish and shellfish, thus increasing their market value. The growing awareness of the health benefits of astaxanthin, combined with the rising trend towards natural supplements, is driving demand for this pigment in various applications. As consumers increasingly seek solutions for improving their overall health and wellbeing, the demand for astaxanthin-rich products is expected to grow significantly.

By Application

Food & Beverages:

The food and beverage sector is one of the largest applications for algal pigments, primarily due to the increasing consumer demand for natural colorants instead of synthetic alternatives. Algal pigments, such as chlorophyll and carotenoids, are widely used to enhance the visual appeal of food products and beverages, thereby improving their marketability. The trend towards organic and health-conscious eating is further propelling the demand for these natural colorants, as manufacturers seek to provide clean-label products. Additionally, the incorporation of algal pigments in functional foods that offer health benefits is becoming increasingly popular, contributing to the growth of this segment within the algal pigments market.

Pharmaceuticals:

The pharmaceutical sector is witnessing a rising interest in algal pigments due to their potential health benefits, including anti-inflammatory and antioxidant properties. Research into the therapeutic applications of pigments such as fucoxanthin and astaxanthin is expanding, as scientists explore their capabilities in treating various health conditions, including cancer and cardiovascular diseases. The growing focus on preventive healthcare and the increasing demand for natural ingredients in pharmaceuticals are driving the incorporation of algal pigments in drug formulations. This trend signifies a promising growth opportunity for the algal pigments market, as more pharmaceutical companies recognize the benefits of these natural compounds.

Cosmetics:

The cosmetics industry is increasingly integrating algal pigments into products due to their natural properties and skin benefits. Pigments like astaxanthin and phycobilins are being used for their antioxidant effects, which can help protect the skin from environmental damage and reduce the signs of aging. The demand for clean and green beauty products is rising significantly, leading to a greater focus on natural ingredients, including algal pigments. As consumers become more aware of the ingredients in their cosmetics, the algal pigments market is expected to benefit from this shift towards sustainable and effective beauty solutions.

Animal Feed:

Algal pigments have found their way into the animal feed industry, particularly as natural colorants for poultry and aquaculture. The use of pigments such as astaxanthin in animal feed not only enhances the color of the meat and eggs but also contributes to the overall health and wellbeing of the animals. The rising awareness of the nutritional benefits associated with algal pigments, such as improved immunity and growth performance, is driving demand in this segment. As the global aquaculture and poultry industries continue to expand, the algal pigments market is poised to benefit from the growing adoption of these natural additives in animal nutrition.

Others:

The "Others" category encompasses a variety of applications for algal pigments beyond the primary sectors of food, pharmaceuticals, cosmetics, and animal feed. This includes potential uses in biofuels, textiles, and bioplastics, where algal pigments may offer sustainable alternatives to traditional synthetic dyes and additives. The exploration of novel applications for algal pigments is on the rise, driven by increasing sustainability initiatives and research into the versatility of these natural compounds. As innovation continues across various industries, the algal pigments market may see new growth opportunities emerge within this segment.

By Distribution Channel

Online Retail:

Online retail has emerged as a significant distribution channel for algal pigments, especially in light of the recent global pandemic that accelerated e-commerce trends. Consumers increasingly prefer the convenience of shopping online for health supplements, food ingredients, and cosmetics containing algal pigments. E-commerce platforms allow manufacturers to reach a broader audience while providing consumers with a diverse selection of products, often at competitive prices. As more consumers become familiar with the benefits of algal pigments, the online retail channel is expected to witness robust growth, making it a key focus area for businesses in the algal pigments market.

Specialty Stores:

Specialty stores, particularly those focusing on health foods and natural products, play a pivotal role in the distribution of algal pigments. These stores cater to health-conscious consumers who seek specific ingredients and products that align with their dietary preferences and health goals. Algal pigments are often prominently featured in such retail environments, allowing consumers to access high-quality products with assurance about ingredient sourcing. The specialized knowledge of staff in these stores can also enhance consumer trust and facilitate informed purchasing decisions, further driving the growth of this distribution channel in the algal pigments market.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets represent a significant distribution channel for algal pigments, particularly in the food and beverage segment. As consumer awareness of natural ingredients grows, many large grocery chains are expanding their offerings to include products containing algal pigments. The convenience of one-stop shopping in these retail environments, combined with the increasing demand for health-focused products, is driving the integration of algal pigments into a variety of consumer goods. Additionally, the ability to reach mass audiences through these retail formats provides manufacturers with a substantial opportunity to increase market penetration and brand visibility.

Direct Sales:

Direct sales channels, including multi-level marketing and direct-to-consumer brands, are increasingly being utilized in the algal pigments market. This approach allows manufacturers to build stronger relationships with consumers by offering personalized experiences and education regarding the benefits of algal pigments. Direct sales enable companies to provide exclusive products and offers directly to consumers, creating a loyal customer base. As the trend for health and wellness continues to rise, companies utilizing direct sales methods can effectively tap into niche markets and drive the adoption of algal pigments in various applications.

By Ingredient Type

Spirulina:

Spirulina is a blue-green microalga known for its rich nutrient profile, including high levels of protein, vitamins, and antioxidants. Its vibrant color and associated health benefits make it a popular choice in the dietary supplement market, particularly for consumers seeking natural sources of nutrition. Spirulina is often incorporated into health foods, smoothies, and supplements, making it a significant contributor to the algal pigments market. The growing awareness of spirulina's health benefits, combined with the rising trend towards plant-based diets, is driving demand for this ingredient across various applications.

Chlorella:

Chlorella is another highly regarded green microalga that is rich in chlorophyll and has gained popularity for its detoxifying properties and high nutrient content. This ingredient is often used in dietary supplements and functional foods, appealing to health-conscious consumers looking for natural detox solutions. The growth of the health supplement market, coupled with increasing awareness of chlorella's benefits, is significantly contributing to its demand in the algal pigments market. As more consumers prioritize health and wellness, the incorporation of chlorella into various products is expected to grow.

Dunaliella:

Dunaliella is a green microalga that is particularly noted for its high beta-carotene content, which has made it a sought-after ingredient in both the food and cosmetic industries. Known for its antioxidant properties, Dunaliella is utilized in dietary supplements, functional foods, and natural skincare products. The increasing consumer preference for natural beauty and health products, along with the rising demand for carotenoids as dietary supplements, is driving the growth of Dunaliella in the algal pigments market. As the emphasis on natural and organic products continues to rise, this ingredient is likely to see continued popularity.

Haematococcus:

Haematococcus is a type of microalga recognized for its high astaxanthin content, which is a potent antioxidant known for its health benefits, particularly in skin care and sports nutrition. The market for Haematococcus is expanding due to the increasing recognition of astaxanthin's role in reducing oxidative stress and enhancing athletic performance. The growing trend towards natural and effective alternatives in both health supplements and cosmetics is driving demand for Haematococcus, positioning it as a critical player in the algal pigments market. As research continues to unveil the various health benefits of astaxanthin, the market for Haematococcus is expected to thrive.

Kelp:

Kelp, a large brown algae, is recognized not only for its culinary uses but also for its nutritional benefits, making it a popular ingredient in various health products. Kelp is rich in iodine and other essential nutrients, contributing to its utilization in dietary supplements and functional foods. The increasing interest in sea vegetables as health-promoting ingredients is driving the demand for kelp-based products. As awareness of the benefits of seaweed and kelp continues to grow, its incorporation into a range of products will further enhance its significance in the algal pigments market.

By Region

The North American region dominates the algal pigments market, accounting for approximately 35% of the global share. The increasing demand for natural food additives, health supplements, and cosmetics in the U.S. is significantly contributing to this market's growth. Moreover, the ongoing trend towards clean-label products, coupled with heightened consumer awareness regarding the health benefits of algal pigments, is further propelling the market in this region. The CAGR for North America is projected to be around 6% during the forecast period, driven by innovations in product development and a growing focus on sustainability in food production.

In Europe, the algal pigments market is expanding rapidly, with a share of about 27% of the global market. The region's strong emphasis on health and wellness, coupled with stringent regulations on food additives, has created a favorable environment for the growth of natural colorants derived from algae. Countries like Germany, France, and the UK are leading markets, with increasing investments in research and development aimed at exploring new applications of algal pigments. The projected CAGR for the European market is estimated at 5.2%, reflecting the growing consumer preference for organic and sustainable products.

Opportunities

The algal pigments market is poised for significant growth in the coming years, driven by numerous opportunities across various sectors. As consumers increasingly demand clean-label products and natural ingredients, manufacturers are presented with opportunities to innovate and expand their product lines to incorporate algal pigments. This trend is particularly evident in the food and beverage industry, where the use of natural colorants is becoming a standard expectation among consumers. Additionally, the rising interest in plant-based diets and health supplements presents a wealth of opportunities for algal pigments, particularly as they are recognized for their health benefits, including antioxidant and anti-inflammatory properties. Companies can capitalize on this trend by developing new products that highlight the unique benefits of algal pigments, thereby attracting a health-conscious consumer base.

Moreover, the growing awareness of sustainability and environmental concerns is driving interest in algal pigments as a more sustainable alternative to traditional synthetic colorants. Manufacturers have the opportunity to position their products as eco-friendly solutions that align with consumer values. The potential for algal pigments to be utilized in various emerging applications, such as bioplastics and biofuels, further expands the market's growth prospects. As research and development efforts continue to explore these innovative applications, companies within the algal pigments market have the chance to lead in sustainability, creating products that not only meet consumer demands but also contribute positively to the environment.

Threats

While the algal pigments market presents numerous opportunities, it is not without its challenges. One of the significant threats is the increasing competition from synthetic colorants, which are often more cost-effective and easier to source. Manufacturers of synthetic pigments may offer lower prices, making it challenging for companies specializing in algal pigments to compete on price alone. Additionally, the stability and shelf-life of natural pigments can be a concern in certain applications, leading to potential limitations on their use. If manufacturers cannot provide consistent quality and performance comparable to synthetic alternatives, they may struggle to capture market share. Furthermore, fluctuations in the availability of raw materials and climate change can impact algal production, potentially leading to supply chain disruptions and increased costs.

Another factor posing a challenge to the algal pigments market is regulatory hurdles. As the market for natural colorants grows, so too does the scrutiny from regulatory bodies regarding safety and efficacy. Companies may face obstacles in obtaining the necessary approvals for their products, particularly in regions with stringent regulations on food additives and cosmetic ingredients. This can delay product launches and increase costs associated with compliance and testing. Companies must navigate these complexities carefully to maintain market access and consumer trust, making regulatory compliance a critical consideration for businesses operating in the algal pigments market.

Competitor Outlook

• Algatechnologies Ltd.
• Fuqing King Dnarmsa Spirulina Co., Ltd.
• Green Nutrients
• VitaeCaps, Inc.
• DDW The Color House
• Carotech Berhad
• Kemira Oyj
• Parry Nutraceuticals
• Ocean Harvest Technology Ltd.
• Ginkgo BioWorks, Inc.
• Earthrise Nutritionals, LLC
• Algama
• Algalif
• AstaReal AB
• Cellana, Inc.

The competitive landscape of the algal pigments market is characterized by a diverse array of players ranging from large multinational corporations to specialized startups. Key market participants are increasingly focusing on innovation and product development to differentiate themselves in a growing marketplace. Companies are investing significantly in research and development to harness the health benefits of algal pigments and explore new applications, such as in nutraceuticals, cosmetics, and bio-based materials. This emphasis on innovation is essential for companies looking to capture consumer interest in a market that is witnessing a shift towards natural ingredients and sustainability.

Major players like Algatechnologies Ltd. and AstaReal AB have established themselves as leaders in the production of high-quality algal pigments. Algatechnologies focuses on the cultivation and extraction of astaxanthin from microalgae, leveraging advanced bioprocessing techniques to ensure product purity and efficacy. AstaReal, a subsidiary of the global pharmaceutical company Fuji Chemical Industry Co., Ltd., has a strong market presence with its astaxanthin products, which are widely used in dietary supplements and cosmetics. Both companies are actively involved in extensive research efforts to expand the potential applications of their algal pigments and enhance their market offerings.

Emerging players such as Algalif and Ginkgo BioWorks, Inc. are also making significant strides in the algal pigments market. Algalif focuses on sustainable production methods for high-quality astaxanthin, marketing its products as eco-friendly alternatives in various industries, from food and beverages to cosmetics. Ginkgo BioWorks, on the other hand, employs synthetic biology approaches to develop tailored algal solutions, including pigments for diverse applications. By leveraging innovative technologies, these companies are positioning themselves to capitalize on the increasing demand for natural and sustainable ingredients in the market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Algama
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Algalif
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Kemira Oyj
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 AstaReal AB
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Cellana, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Carotech Berhad
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Green Nutrients
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 VitaeCaps, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 DDW The Color House
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Parry Nutraceuticals
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Algatechnologies Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Ginkgo BioWorks, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Earthrise Nutritionals, LLC
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Ocean Harvest Technology Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Fuqing King Dnarmsa Spirulina Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Algal Pigments Event Market, By Application
    • 6.1.1 Food & Beverages
    • 6.1.2 Pharmaceuticals
    • 6.1.3 Cosmetics
    • 6.1.4 Animal Feed
    • 6.1.5 Others
  • 6.2 Algal Pigments Event Market, By Product Type
    • 6.2.1 Chlorophylls
    • 6.2.2 Carotenoids
    • 6.2.3 Phycobilins
    • 6.2.4 Fucoxanthin
    • 6.2.5 Astaxanthin
  • 6.3 Algal Pigments Event Market, By Ingredient Type
    • 6.3.1 Spirulina
    • 6.3.2 Chlorella
    • 6.3.3 Dunaliella
    • 6.3.4 Haematococcus
    • 6.3.5 Kelp
  • 6.4 Algal Pigments Event Market, By Distribution Channel
    • 6.4.1 Online Retail
    • 6.4.2 Specialty Stores
    • 6.4.3 Supermarkets/Hypermarkets
    • 6.4.4 Direct Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Algal Pigments Event Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Algal Pigments Event market is categorized based on

By Product Type

• Chlorophylls
• Carotenoids
• Phycobilins
• Fucoxanthin
• Astaxanthin

By Application

• Food & Beverages
• Pharmaceuticals
• Cosmetics
• Animal Feed
• Others

By Distribution Channel

• Online Retail
• Specialty Stores
• Supermarkets/Hypermarkets
• Direct Sales

By Ingredient Type

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Kelp

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Algatechnologies Ltd.
• Fuqing King Dnarmsa Spirulina Co., Ltd.
• Green Nutrients
• VitaeCaps, Inc.
• DDW The Color House
• Carotech Berhad
• Kemira Oyj
• Parry Nutraceuticals
• Ocean Harvest Technology Ltd.
• Ginkgo BioWorks, Inc.
• Earthrise Nutritionals, LLC
• Algama
• Algalif
• AstaReal AB
• Cellana, Inc.