The Global Microalgae Market was valued at USD 1.54 Billion in 2025 and is projected to reach USD 2.87 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2024–2030). This significant growth is fueled by rising consumer demand for plant-based proteins, increasing applications in nutraceuticals and pharmaceuticals, and the urgent global push for sustainable alternatives in the food, feed, and biofuel sectors.

As industries worldwide pivot towards bio-based and circular economy models, microalgae are emerging as a powerhouse of natural nutrition and renewable resources. In this blog, we profile the Top 10 Companies in the Microalgae Industry—a diverse group of biotechnology innovators, ingredient suppliers, and sustainability leaders shaping the future of this dynamic market.

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🔟 1. DIC Corporation

Headquarters: Tokyo, Japan
Key Offering: Spirulina, LinaBlue® (Phycocyanin), Astaxanthin

DIC Corporation, through its subsidiary Earthrise Nutritionals, is a global leader in Spirulina production. The company operates one of the world’s largest Spirulina farms in California and supplies high-quality microalgae-based ingredients for the food, beverage, and nutraceutical industries worldwide.

Sustainability Initiatives:

• Pioneering large-scale, sustainable Spirulina cultivation
• Investment in R&D for novel microalgae applications and extraction technologies
• Commitment to achieving carbon neutrality in its operations

Download FREE Sample Report: Microalgae Market – View in Detailed Research Report

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9️⃣ 2. Cyanotech Corporation

Headquarters: Kailua Kona, Hawaii, USA
Key Offering: BioAstin® Natural Astaxanthin, Hawaiian Spirulina

Cyanotech is a renowned cultivator of microalgae, producing premium, high-purity astaxanthin and Spirulina from its 90-acre facility in Hawaii. The company’s products are certified organic and non-GMO, serving the dietary supplement and cosmetic markets.

Sustainability Initiatives:

• Utilization of deep-sea ocean water and natural sunlight for cultivation
• Implementation of water recycling and energy-efficient processes
• Sustainable harvesting practices that protect the local ecosystem

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8️⃣ 3. Algaetech Group

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Chlorella, Spirulina, Microalgae-based Biofuels R&D

Algaetech Group is a leading ASEAN-based company specializing in microalgae research, cultivation, and commercialization. It operates state-of-the-art photobioreactor facilities and focuses on both nutritional products and biofuel development.

Sustainability Initiatives:

• Development of integrated biorefinery concepts for zero-waste production
• Active research into microalgae for carbon capture (CCUS)
• Partnerships with academic institutions for sustainable aquaculture feed solutions

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7️⃣ 4. BASF SE (Acquired part of Cognis, incl. microalgae assets)

Headquarters: Ludwigshafen, Germany
Key Offering: Omega-3 (DHA) from microalgae for infant formula and supplements

BASF is a chemical giant with a significant presence in the microalgae-derived ingredients market, particularly for its vegetarian omega-3 fatty acids. Its products are crucial for providing sustainable alternatives to fish oil.

Sustainability Initiatives:

• Focus on producing sustainable, traceable DHA for a growing population
• Investment in fermentation technologies for efficient algae-based ingredient production
• Commitment to reducing the environmental footprint of its nutritional products

Download FREE Sample Report: Microalgae Market – View in Detailed Research Report

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6️⃣ 5. DSM (Royal DSM NV)

Headquarters: Heerlen, Netherlands
Key Offering: life’s™OMEGA (Algal EPA/DHA), AlgaPrime™ DHA for aquaculture

DSM is a global science-based company active in health, nutrition, and bioscience. It is a major player in algae-based omega-3s, offering solutions for human nutrition and sustainable aquaculture feeds through partnerships and proprietary technology.

Sustainability Initiatives:

• Goal to provide sustainable solutions that alleviate pressure on wild fish stocks
• Development of algae-based solutions to improve the environmental footprint of animal farming
• Commitment to science-based targets for climate action

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5️⃣ 6. Corbion

Headquarters: Amsterdam, Netherlands
Key Offering: AlgaPrime™ DHA (in partnership with DSM), algal ingredients

Corbion is a leading supplier of sustainable ingredients, with a growing focus on algae-based solutions. The company leverages fermentation technology to produce high-value ingredients for food and feed applications, emphasizing sustainability.

Sustainability Initiatives:

• Strategic focus on biobased solutions to replace fossil-based and finite resources
• Production of AlgaPrime™ DHA, which significantly reduces the fish-in-fish-out ratio in aquaculture
• Investment in R&D for next-generation algal platforms

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4️⃣ 7. E.I.D.-Parry (India) Limited

Headquarters: Chennai, India
Key Offering: Spirulina tablets and powder, Organic Chlorella

E.I.D.-Parry is a well-established Indian conglomerate with a strong nutraceuticals division. The company is one of the largest producers of Spirulina in India, catering to both domestic and international markets with a focus on quality and affordability.

Sustainability Initiatives:

• Implementation of eco-friendly cultivation practices in its algal bioparks
• Promotion of nutritional security through accessible microalgae-based supplements
• Research into algae-based biostimulants for sustainable agriculture

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3️⃣ 8. Cellana, Inc.

Headquarters: Kailua Kona, Hawaii, USA
Key Offering: ReNew™ Algae ingredients (proteins, omega-3s, feed ingredients)

Cellana is a developer of advanced, sustainable algae-based products. The company operates the ALDUO™ production system, which combines photo-bioreactors with open ponds to maximize productivity for biofuels, feed, and food ingredients.

Sustainability Initiatives:

• Utilization of non-arable land and seawater to avoid competition with food crops
• Focus on producing algae-based fuels and feed to reduce greenhouse gas emissions
• Development of co-products to enhance the economic viability of algal biofuels

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2️⃣ 9. AlgaEnergy

Headquarters: Madrid, Spain
Key Offering: Microalgae-based biostimulants for agriculture, nutritional ingredients

AlgaEnergy is a biotechnology company applying microalgae to agriculture and nutrition. Its proprietary technology platform focuses on maximizing the potential of microalgae to create high-value, sustainable solutions for crop productivity and human health.

Sustainability Initiatives:

• Development of agricultural solutions that reduce the need for synthetic fertilizers
• Partnership with major industrial companies (e.g., Iberdrola) to use CO2 emissions for algae cultivation
• Commitment to the circular economy through innovative production processes

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1️⃣ 10. TerraVia Holdings, Inc. (formerly Solazyme)

Headquarters: South San Francisco, California, USA
Key Offering: Algae-based oils for food, personal care, and industrial applications

TerraVia was a pioneer in using heterotrophic fermentation to produce tailored algae oils. While the company underwent restructuring, its technology and impact on creating sustainable, high-performance oils for various industries remain significant in the market’s evolution.

Sustainability Initiatives:

• Pioneered the production of sustainable, traceable oils from non-food biomass
• Developed alternatives to palm oil and other less sustainable vegetable oils
• Focused on creating ingredients with a lower environmental footprint

Get Full Report Here: Microalgae Market – View in Detailed Research Report

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🌍 Outlook: The Future of Microalgae is Bright and Diverse

The microalgae market is experiencing a transformative phase, moving beyond niche health supplements to become a cornerstone of the bioeconomy. With their unparalleled efficiency in converting sunlight and CO2 into valuable biomolecules, microalgae are poised to address some of the world’s most pressing challenges in food security, health, and climate change.

📈 Key Trends Shaping the Market:

• Expansion into Mainstream Food & Beverage: Increased use of microalgae as a natural colorant, protein source, and omega-3 fortifier.
• Technological Advancements in Cultivation: Development of more efficient photobioreactors and harvesting techniques to reduce costs.
• Rise of the Circular Bio-Economy: Integration of algae cultivation with wastewater treatment and carbon capture from industrial emissions.
• Strategic Partnerships and Investments: Major food, feed, and energy companies are forming alliances with algae tech firms to secure sustainable supply chains.

Get Full Report Here: Microalgae Market – View in Detailed Research Report

The companies listed above are not merely selling algae products; they are actively engineering a more sustainable and resource-efficient future for multiple global industries.