Top 10 companies in the Spirulina Market by IMIR Market Research

Published Date : 2024-Jul-03

Spirulina Market Players Analysis: Algene Biotech, Algenol Biofuels Inc., Australian Spirulina, Cabassi & Giuriati SpA, Chr. Hansen Holding A/S, Cyanotech Corporation, DDW The Color House, DIC Corporation, Döhler Gmbh, E.I.D. Parry Limited, Earthrise Nutritionals, LLC, Fuqing King Dnarmsa Spirulina Co. Ltd, Givaudan International Sa, GNC Holdings, Inc., Inner Mongolia Rejuve Biotech Co. Ltd., Naturex S.A, Now Health Group Inc., Sensient Technologies Corporation, Sunrise Nutrachem Group Co. Ltd and Others.

According to a comprehensive study by Intellectual Market Insights Research, the global Spirulina Market size was valued at USD 414.52 Million in 2021 and is projected to reach USD 968.6 Million by 2028.

Spirulina Market Size, Share & Trends Analysis Report By Product, By Application, By Formulation, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028

Growing at a CAGR of 11.43% from 2022 to 2028.

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  1. Algenol Biofuels Inc.


Founded: 2006

Headquarters: Fort Myers, Florida, USA


About Us: Algenol Biofuels Inc. is an industrial biotechnology company that specializes in producing ethanol and other biofuels using algae, sunlight, carbon dioxide, and seawater. Their proprietary technology aims to create sustainable and cost-effective biofuels with a reduced carbon footprint. The company also develops algae-based personal care ingredients, proteins, and natural colorants.

The company had nearly 51 employees and had revenue of $20.5 million.


  1. Australian Spirulina


Founded: 1996

Headquarters: Darwin, Northern Territory, Australia


About Us: Australian Spirulina, under TAAU Australia Pty Ltd, is the only company licensed to commercially grow Spirulina in Australasia. They focus on producing high-quality, pure Spirulina without any herbicides or pesticides, grown in pollution-free ponds with crystal-clear mineral water. The company prides itself on its advanced spray drying method, which helps retain the maximum amount of vitamins and enzymes in the Spirulina?.

The company had nearly 35 employees and had revenue of $215.2 Million.


  1. Cabassi & Giuriati SpA


Founded: 1970

Headquarters: Padua, Italy


About Us: Cabassi & Giuriati SpA, now known as Giuriati Group, started in 1970 in Padua, Italy, specializing in the wholesale trade of pharmaceutical articles, dietary foods, and food supplements. Over the years, the company has established itself as a key partner for pharmacies, parapharmacies, and herbalists across Italy. In 2009, the company rebranded to Giuriati Group, focusing on quality and safety with advanced research. By 2021, Giuriati Group continued its transformation, investing in new product categories, distribution channels, and markets. The company represents various exclusive brands and has a strong presence in the pharmacy and parapharmacy sectors.

The company had nearly 35 employees and had revenue of $29.05 Million.


  1. Cyanotech Corporation


Founded: 1983

Headquarters: Kailua-Kona, Hawaii, USA


About Us: Cyanotech Corporation is a leader in microalgae technology, producing BioAstin® Hawaiian Astaxanthin® and Hawaiian Spirulina Pacifica®. These products are renowned for their high-quality, health-promoting benefits, including antioxidant activity, immune support, and cardiovascular health. Cyanotech operates a 96-acre facility in Kailua-Kona, Hawaii, utilizing sustainable practices like solar power and deep seawater cooling.

The company had nearly 100 employees and had revenue of $23.071 Million.


  1. DDW The Color House


Founded: 1865

Headquarters: Louisville, Kentucky, USA


About Us: DDW The Color House specializes in natural color solutions for the food and beverage industry. With over 155 years of expertise, DDW has evolved from supplying malt to breweries to becoming a leader in natural colors, including caramel colors for soft drinks. The company operates 12 manufacturing facilities worldwide and is committed to sustainability and community impact.

The company had nearly 315 employees and had revenue of $140 Million.


  1. DIC Corporation


Founded: 1908

Headquarters: Tokyo, Japan


About Us: DIC Corporation is a leading fine chemicals company specializing in printing inks, organic pigments, and PPS compounds. It operates globally in over 60 countries and regions, providing products essential to modern lifestyles, including packaging materials and display materials. DIC emphasizes sustainability and innovation, continually expanding its product lines and technological capabilities.

The company had nearly 22,743 employees and had revenue of $5.42 Billion.


  1. Döhler Gmbh


Founded: 1838

Headquarters: Darmstadt, Germany


About Us: Döhler GmbH positions itself as a global leader in natural ingredients, ingredient systems, and integrated solutions for the food and beverage industry. They emphasize innovation and sustainability, aiming to create unique sensory experiences and functional benefits for their customers worldwide. Döhler's expertise spans from sourcing high-quality raw materials to developing tailor-made product solutions that meet consumer demands for health, convenience, and enjoyment.

The company had nearly 6,000 employees and had revenue of $490 Million.


  1. Earthrise Nutritionals, LLC


Founded: 1976

Headquarters: Irvine, California, USA.


About Us: Earthrise Nutritionals specializes in the cultivation and production of high-quality spirulina, a nutrient-rich superfood. They are committed to sustainable farming practices and providing natural, health-promoting products.

The company had nearly 31 employees and had revenue of $22.8 Million.


  1. Naturex S.A


Founded: 1992

Headquarters: Avignon, France.


About Us: Naturex S.A. is a global leader in specialty plant-based natural ingredients. They focus on providing natural solutions for the food, health, and beauty industries. Naturex emphasizes sustainable practices and innovation in sourcing and processing botanicals to create high-quality ingredients.

The company had nearly 1,700 employees and had revenue of $404 Million.


  1. Now Health Group Inc.


Founded: 1968

Headquarters: Bloomingdale, Illinois, USA.           


About Us: Now Health Group Inc. is a well-known provider of natural health products, including dietary supplements, functional foods, and personal care products. They focus on quality, affordability, and sustainability, aiming to empower people to lead healthier lives.

The company had nearly 1,300 employees and had revenue of $800 Million.


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