The Global Algae Oil Market was valued at USD 1.70 Billion in 2021 and is projected to reach USD 2.01 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 2.4% during the forecast period. This growth is driven by increasing demand for sustainable nutritional supplements, the expansion of algae-based biofuels as a renewable energy source, and the rising consumer preference for plant-based omega-3 fatty acids.

As the global economy pivots toward sustainable and health-conscious solutions, algae oil has emerged as a key bio-based product with applications spanning nutrition, animal feed, and renewable energy. In this blog, we profile the Top 10 Companies in the Algae Oil Industry—a diverse group of innovators, ingredient suppliers, and biofuel pioneers shaping the future of this dynamic market.

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🔟 1. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: AlgaPrime™ DHA, High-purity algae-based oils for aquaculture and human nutrition

Corbion is a global leader in sustainable algae ingredients, specializing in algae-based omega-3 oils that serve as a renewable alternative to fish oil. Their AlgaPrime™ DHA is widely used in aquaculture feed to support sustainable seafood production, reducing pressure on marine ecosystems.

Sustainability Initiatives:

• Pioneering algae fermentation technology for high-yield DHA production

• Strategic partnerships with major aquaculture and animal nutrition companies

• Committed to providing sustainable solutions for global food systems

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9️⃣ 2. DSM-Firmenich

Headquarters: Kaiseraugst, Switzerland
Key Offering: life’s™OMEGA, Algae-based EPA and DHA for food, beverages, and supplements

DSM-Firmenich (following the merger) is a powerhouse in health and nutrition ingredients. Their life’s™OMEGA portfolio offers a vegetarian, sustainable source of essential fatty acids derived from microalgae, targeting the rapidly growing plant-based nutrition market.

Sustainability Initiatives:

• Investment in scalable algae cultivation and extraction technologies

• Focus on reducing the environmental footprint of omega-3 production

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Vegapure® algae oil, Omega-3 solutions for functional foods and dietary supplements

BASF’s human nutrition division offers Vegapure®, a high-quality algae oil rich in DHA. This product caters to the growing demand for vegan omega-3 sources and is used in a variety of applications, from infant formula to adult dietary supplements.

Sustainability Initiatives:

• Development of sustainable production processes for algal biomass

• Integration of algae oil into broader portfolio of health and nutrition solutions

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Algae Oil Market – View in Detailed Research Report

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7️⃣ 4. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Algae oil for food, feed, and industrial applications

ADM leverages its extensive agricultural processing expertise to produce and distribute algae oil. The company focuses on scaling up production for both nutritional markets and emerging biofuel applications, utilizing its vast infrastructure and global supply chain.

Sustainability Initiatives:

• Investment in next-generation algae cultivation systems

• Exploration of algae oil as a feedstock for renewable diesel and sustainable aviation fuel (SAF)

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6️⃣ 5. Cellana, Inc.

Headquarters: Kailua-Kona, Hawaii, USA
Key Offering: ReNew™ Algae Oil, high-value algae biomass for nutrition and fuels

Cellana is a pioneer in commercial-scale algae production using its patented ALDUO™ system, which combines closed photobioreactors with open ponds. The company produces ReNew™ Algae Oil, a versatile ingredient for animal feed, human nutrition, and biofuel precursors.

Sustainability Initiatives:

• Utilization of non-arable land and seawater for algae cultivation

• Focus on carbon capture and utilization through algae growth

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5️⃣ 6. Bunge Limited

Headquarters: St. Louis, Missouri, USA
Key Offering: Algae oil ingredients for food and industrial markets

Bunge, a global agribusiness and food company, is actively involved in the algae oil space through investments and partnerships. The company explores algae as a sustainable source of oils for its food ingredients portfolio and renewable fuel initiatives.

Sustainability Initiatives:

• Strategic collaborations with algae technology startups

• Integration of algae oil into sustainable feedstock solutions

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4️⃣ 7. Algaeon, Inc.

Headquarters: Indianapolis, Indiana, USA
Key Offering: Astra™ Algae Oil, nutritional supplements and functional food ingredients

Algaeon focuses on producing high-quality, allergen-free algae oil for the nutraceutical and functional food industries. Their products are marketed as a sustainable and pure source of omega-3s, free from ocean-borne contaminants.

Sustainability Initiatives:

• Development of controlled-environment algae farming

• Commitment to producing vegan and non-GMO nutritional products

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3️⃣ 8. TerraVia Holdings, Inc.

Headquarters: South San Francisco, California, USA
Key Offering: Whole algae ingredients and Thrive® Algae Oil for food service

TerraVia, now part of Corbion, was a trailblazer in developing algae-based food ingredients. Its Thrive® Algae Oil gained recognition as a high-performance, high-stability cooking oil with a superior sustainability profile compared to traditional vegetable oils.

Sustainability Initiatives:

• Innovation in algae-based oils requiring less land and water than conventional crops

• Creation of a sustainable supply chain for food-grade algae ingredients

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Algae Oil Market – View in Detailed Research Report

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2️⃣ 9. Algix

Headquarters: Meridian, Mississippi, USA
Key Offering: Algae-derived bioplastics and renewable compounds

Algix utilizes algae harvested from wastewater treatment facilities and other nutrient-rich water bodies to produce a range of bio-based materials, including algae oil for industrial applications. Their approach turns an environmental challenge into a valuable resource.

Sustainability Initiatives:

• Pioneering algae harvesting for water remediation and product creation

• Production of sustainable alternatives to petroleum-based plastics and chemicals

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1️⃣ 10. Polaris

Headquarters: Port-Louis, France
Key Offering: Quali®-omega algae oil, nutritional oils for supplements and infant formula

Polaris is a French company specializing in high-purity nutritional lipids, including its Quali®-omega algae oil. The company is recognized for its quality control and expertise in delivering omega-3 ingredients that meet the stringent requirements of the global food and supplement industries.

Sustainability Initiatives:

• Focus on traceability and purity in algae oil sourcing and production

• Development of environmentally responsible manufacturing processes

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Algae Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Algae Oil Is Versatile and Sustainable

The algae oil market is undergoing a significant transformation. While nutritional applications currently drive market volume, the industry is investing heavily in biofuel production, carbon capture technologies, and cost-effective cultivation methods.

📈 Key Trends Shaping the Market:

• Rising demand for plant-based omega-3 sources in supplements and functional foods

• Government support and R&D funding for algae-based biofuel projects

• Technological advancements in algae strain development and cultivation efficiency

• Growing use of algae oil in sustainable aquaculture feeds

Get Full Report Here:
Algae Oil Market – View in Detailed Research Report

The companies listed above are not only supplying essential ingredients—they’re pioneering the sustainable utilization of one of nature’s most efficient organisms.