Top Microalgae Companies: Fostering Environmentally-Friendly Microalgae Production

Microalgae, also referred to as microphytes, are microscopic algae that form the base of the food chain in the ocean. Also, they’re known for their ability to capture carbon dioxide from the atmosphere. In recent times, microalgae have gained significant consumer interest globally, owing to their extensive application potential in biopharmaceutical, renewable energy and nutraceutical sectors. These days, various microalgae species are being investigated for their potential as value-added products.

In this blog post, we take you to the realm of microalgae, explaining to you the basics of microalgae and their applications. Also, we detail the top microalgae companies that are driving the microalgae industry forward through innovations and new product developments. Continue reading!

Microalgae Basics: A Quick Overview

Microalgae are unicellular species that can either exist individually or in chains or groups. They are typically found in freshwater and marine systems. They’re comprised of green algae, unicellular algal species, dinoflagellates, and diatoms. Based on the species type, the size of microalgae can range from a few micrometers to a few hundred micrometers.

The predominant pigment influences the specific color of microalgae in an algal cell. Microalgae differ from other higher plants in that they don’t have stems, roots, or leaves. Microalgae find a wide range of potential applications across several sectors. They’re renewable and economic sources of biofuels, bioactive medicinal products, and food ingredients. Also, as biofuels, microalgae are an apt substitute for liquid fossil fuels.

Industry Stats

The global microalgae market is poised to witness steady growth in the upcoming years. The market was valued at USD 1001.9 million in 2022 and is projected to grow to USD 1687.4 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2023 to 2032.

Leading Companies in the Microalgae Market

Here’s a look at the top microalgae companies that are driving the growth of the industry:

Algatech

Founded: 1998

Headquarters: Ketura, Israel

Algatech is a rapidly growing biotechnology firm that specializes in the commercial cultivation of microalgae. It is one of the few companies across the globe that have cracked the code for the production of commercial-scale, high-standard microalgae. The company’s wide range of product offerings includes AstPure Astaxanthin, AstPure Arava, BioGlena, FucoVital, and Biocolians.

Algarithm

Founded: 2017

Headquarters: Saskatoon, Saskatchewan

Algarithm is a plant-based omega-3 ingredient company that offers omega-3 directly from the source. The omega 3 is sourced from plant-based origin using an environmentally-friendly extraction method. The company’s omega-3 solutions are suitable for a wide range of end-use applications, including infant formula, dietary supplements, food & beverages, and more.

Cellana

Founded: 2004

Headquarters: Hawaii, United States

Cellana is an American company that specializes in the development of algae-based bioproducts for high-value nutrition and bioenergy applications. It uses marine microalgae for the production of omega oils, animal feed, and biofuel feedstocks. The firm’s patented ALUDO system facilitates the consistent development of photosynthetic algae at an industrial scale.

Australian Spirulina

Founded: 1919

Headquarters: Netherlands

Corbin is a Dutch food and biochemicals firm that develops bio-ingredient-based foods and lactic acid-based solutions for the chemical and pharmaceutical sectors. Other products developed by the company include antioxidants, emulsifiers, fermentation & preservation, functional blends, and fortification solutions.

Cyanotech Corporation

Founded: 1983

Headquarters: Hawaii, United States

Cyanotech Corporation is a micro-algae-producing company. It offers high-quality microalgae products for health and nutrition in a sustainable and environmentally friendly way. The company's client base spans across the food, beverages, dietary supplements, and personal care sectors.

Final Saying

The top microalgae companies constantly strive to introduce new products to cater to the diverse needs of consumers. Besides, these firms rely on strategic developments such as mergers, collaborations, and R&D initiatives to maintain their competitive edge in the industry.

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