Top Microalgae Companies You Need to Know About in 2023

Published
Published Date : Apr 2023
Author : Pratibha Bhattacharjee
Biography : Sr. content writer at Brand Essence Market Research. Passionate about content curation in the market research vertical. Always striving to create reliable and engaging industry-based content.

Microalgae are tiny, single-celled photosynthetic organisms that are capable of converting sunlight into chemical energy through the process of photosynthesis.

The top microalgae companies operating in this business vertical are-

DIC Corporation

Market Position or History

In March 2021, DIC Corporation inked a partnership deal with Flexterra Corporation to develop new biodegradable materials for use in agriculture. The partnership aims to address the issue of plastic waste in agriculture by developing sustainable alternatives.

Business Overview and Strategy

Kijuro Kawamura started this company in 1908. Its headquarters are located in Tokyo, Japan. The enterprise operates a wide range of businesses including speciality chemicals, printing inks, organic pigments, and coatings. It is also actively engaged in the research and development of microalgae. It is worth noting that DIC Corporation has established a dedicated research facility in Japan to develop and optimize the cultivation, harvesting, and processing of microalgae.

It is committed to pursuing innovation and continuous improvement in its business operations, and to expanding its presence in key global markets. The company's goal is to create value for its stakeholders, including customers, employees, shareholders, and the wider community.

Strengths

  • It operates in more than 60 nations worldwide.
  • It has a diverse product pipeline.
  • It has a strong record track of innovation.

Weaknesses

  • It is vulnerable to economic downturns.
  • It faces intense competition from other market leaders.

Cyanotech Corporation

Market Position or History

In April 2019, Cyanotech Corporation announced its decision to join the Blue Zones Project Ohana.

Business Overview and Strategy

Established in 1983, the company has its headquarters in Hawaii, United States. Gerry Cysewski is the founding father of this enterprise. It predominantly produces high value nutraceutical products derived from microalgae.

Cyanotech Corporation is committed to sustainable business practices and has implemented a number of initiatives to reduce its environmental impact. These include using renewable energy sources, reducing water usage, and implementing a closed-loop system to recycle nutrients used in microalgae cultivation.

Strengths

  • The company has a well-established brand and a strong reputation for quality.
  • It is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact.
  • It serves a diverse range of customers, including nutraceutical, cosmetic, and animal feed industries.

Weaknesses

  • Its business is heavily dependent on the cultivation of microalgae, which can be impacted by weather conditions, pests, and disease outbreaks.
  • Its product portfolio is limited to Spirulina and Astaxanthin.
  • Its business is subject to regulatory changes and product safety concerns.

East India Distilleries (EID) Parry Limited

Market Position or History

In 2017, acquired EID Parry announced the acquisition of Alimtec SA, a Spanish company that specializes in the production of natural plant extracts. The acquisition helped EID Parry Limited to expand its product portfolio and enter new markets.

Business Overview and Strategy

With its headquarters in Chennai, India, the company was established in 1788. It specializes in the manufacturing of sugar, nutraceuticals, bio-fertilizers, and certain other value-added products. The company's nutraceuticals business is focused on the production of Spirulina, a type of microalgae that is known for its high nutritional value.

EID Parry Limited has a strong focus on sustainability and has implemented several initiatives to reduce its environmental impact. The company has invested in renewable energy sources, such as wind and solar power, and has implemented water conservation measures in its sugar mills.

Strengths

  • It as a diversified product portfolio that includes sugar, bio-products, and nutraceuticals.
  • It makes extensive R&D investments.
  • It is environmentally responsible in nature.

Weaknesses

  • It is subject to stringent regulatory standards.
  • The company's operations are vulnerable to the impact of climate change, such as droughts and floods.

Sunrise Nutrachem Group Co. Ltd

Market Position or History

Notably, Sunrise Nutrachem has acquired commendations like Halal, Kosher, ISO 9001, GMP, BRC, Organic Certificate, and HACCP for their commodities and apparatuses.

Business Overview and Strategy

The firm was inaugurated in 2009, with its headquarters located in Qingdao, China. It is recognized for manufacturing an extensive array of natural ingredients tailored to various industries such as nutraceuticals, personal care, food & beverage, and many more. Sunrise Nutrachem also develops natural ingredients derived from micro-algae with an opulent profile of nutrients.

The company is known for employing robust and state-of-the-art methodologies in the creation of their products. The manufacturing process is meticulously monitored to ensure that the products meet the stringent standards of safety and efficacy.

Strengths

  • The company is committed to sustainable production practices that reduce their environmental footprint.
  • It employs an experienced team of experts in the industry.
  • It utilizes state-of-the-art techniques in manufacturing their products.

Weaknesses

  • It faces intense competition in the natural ingredients industry.
  • It faces limited global brand recognition.

Fuqing King Dnarmsa Spirulina Co. Ltd

Market Position or History

Recently, Fuqing King Dnarmsa Spirulina Co. Ltd announced to have produced 1,600 ton of spirulina and 400 ton of chlorella.

Business Overview and Strategy

Fuqing King Dnarmsa Spirulina Co. Ltd, a company founded in 1995 and headquartered in China, has made a name for itself as a trailblazer in the production and distribution of spirulina. Their advanced techniques and cutting-edge technologies enable them to harvest and process spirulina on their own farm. The company is also well-known for exporting its products to a wide variety of countries.

The primary objective of this organization is to increase public awareness of the numerous health benefits that spirulina offers. Furthermore, they are actively engaged in making this superfood more widely available to the masses.

Strengths

  • It serves a broad consumer range.
  • It is committed to creating awareness about the health benefits of spirulina and making it more accessible to the public.
  • The organization has a strong export capability, allowing it to access international markets and reach a wider customer base.

Weaknesses

  • The organization's reliance on exporting its products to international markets may expose it to risks such as economic downturns, trade barriers, and political instability.
  • The high cost of producing microalgae-based products may limit the company's profitability, especially in the face of pricing pressures from competitors.
SUMMARY