Microalgae Market

Company Headquarters: Sweden Founded: 2003 Revenue: USD 11.02 M (31-Mar-2022) Company Working: AstaReal AB is part of the AstaReal Group which is fully owned by the Japanese pharmaceutical company Fuji Chemical Industries Co., Ltd. The AstaReal Group is a global pioneer and expert in natural astaxanthin production, R&D and clinical science. As a global leader in the market, we recognize our responsibility to educate the world about natural astaxanthin’s outstanding benefits for human health whilst also setting the highest standards of product quality and purity. AstaReal AB has distinguished roots, spinning of from Uppsala University in Sweden, one of the world´s most prestigious universities. In the early 1990s, we established our first production facility in Gustavsberg, Sweden, where we became the first company in the world to commercially produce natural astaxanthin. In 1995, company launched Astaxin@ – the first human nutritional supplement containing a natural source of astaxanthin. Consumers and researchers alike have recognized the superior health benefits of natural astaxanthin, including the Swedish Cross Country Ski Team, who has used Astaxin® since 1995. AstaReal AB together with their parent company Fuji Chemical Industries Co., Ltd, continue to lead the natural astaxanthin market with superior production technology, product innovation and commitment to clinical research.

Company Headquarters: Australia Founded: 2004 Company Working: T.A.A.U. stands for Tropical Australia Algae Utilize, meaning the only company in tropical Darwin for Human consumption Algae research and commercial production base. TAAU Australia Pty Ltd was established in 1996 and is the only company licensed and patented (with a 20-year Australian Patent) to commercially grow the health food Spirulina in Darwin in the Northern Territory of Australia. Australian Spirulina is 100% local and 100% Australian made, not imported. Australian Spirulina is the ONLY Commercially Licensed Spirulina grown in Australasia (Australia & New Zealand). Australian Spirulina has the lowest bacteria and heavy metal content compared to US standards

Company Headquarters: US Founded: 1995 Workforce: ~50 Company Working: Kent BioEnergy employs commercially viable microalgae-based technologies for water pollution remediation, CO2 capture, landfill management, and the production of livestock feed additives, fertilizer, and biomass derived energy. Kent BioEnergy has advanced, and proprietary solutions for the critical technical and economic obstacles known to remain in the development of scalable algae-based technologies and products. This includes worldwide exclusive rights to Clemson University's patented technologies for harvesting and converting microalgae biomass to biolipids. Kent BioEnergy has emerged as an industry leader in the development of advanced concepts for culturing and harvesting microalgae - single-celled aquatic plants. The company focused on producing competitively priced solutions for a wide range of industrial needs from pollution control to renewable energy. The company has operations in southern California, including a 160 acre process development/production facility south of Palm Springs and a research laboratory in San Diego. Kent BioEnergy created commercially viable microalgae-based technologies for water pollution remediation, CO2 capture, landfill management, and the production of livestock feed additives, fertilizer, and biomass derived energy. It is into the development of advanced concepts for culturing and harvesting microalgae based single-celled aquatic plants and commercializing the CEP microalgae production technology.

Company Headquarters: Japan Founded: 1908 Workforce: ~ 22,474 Company Working: DIC Corporation is a Japan-based company engaged in the manufacture and sale of printing inks, organic pigments and synthetic resins. The Company operates in five segments. The Printing Ink segment is engaged in the manufacture and sale of gravure ink, offset ink and newspaper ink. The Fine Chemicals segment is engaged in the manufacture and sale of organic pigments and liquid crystal materials. The Polymer segment is engaged in the manufacture and sale of acrylic resins, urethane resins, epoxy resins and polystyrene. The Compound segment is engaged in the manufacture and sale of polyphenylene sulfide (PPS) compounds, jet inks and resin colorants. The Application Materials segment is engaged in the manufacture and sale of industrial adhesive tapes and healthcare foods. In 1977, DIC Corporation succeeded in becoming the first company in the world to grow Spirulina commercially under controlled conditions and went to commence mass production. DIC LIFETEC Corporation was established in November 1999 as a wholly owned subsidiary of DIC to engage in the production and sale of Spirulina products.

Company Headquarters: US Founded: 1940 Workforce: ~ 5,078 Company Working: Cyanotech Corporation is an agricultural company that is engaged in producing natural products derived from microalgae grown in Kona coast of Hawaii. The Company's products include Hawaiian Spirulina Pacifica and BioAstin Hawaiian Astaxanthin. Its Hawaiian Spirulina Pacifica is a dietary supplement used for extra energy, a strengthened immune system, cardiovascular benefits and as a source of antioxidant carotenoids, and overall cellular health. Its BioAstin Hawaiian Astaxanthin is an antioxidant shown to support and maintain the body's natural inflammatory response to enhance skin, and to support eye, joint and immune health. Its Hawaiian Spirulina Pacifica is produced in two forms: powder and tablets. Its products are sold as consumer-packaged goods through natural products distributors, retailers and online channels, and direct to consumers, primarily in the United States, as well as in bulk form to manufacturers, formulators and distributors worldwide. Nutrex Hawaii came to life in Kailua-Kona, Hawaii and is the brain child of Cyanotech’s founder, Dr. Gerald Cysewski. From a small company that started off with a sales team of two, to growing into a company with the world’s most recognized brands of spirulina and astaxanthin, Nutrex Hawaii products are sold in over 66 countries including mass market retailers in the US. Nutrex Hawaii produces two finished goods products, Hawaiian Spirulina® and BioAstin® Hawaiian Astaxanthin®.

Company Headquarters: USA Founded: 2006 Workforce: ~127 Revenue: USD 12.63M Company Working: Algenol is a global biotechnology company that develops all natural products, as well as customized biology solutions, to meet a variety of needs. Algenol’s total algae platform is built on over a decade of experience cultivating and processing multiple types of algae in a best-in-class production system from the lab to commercial scale. The proprietary process yields very high algal production rates and is significantly cleaner than open pond systems. In addition, the process consumes CO2, helping to recycle carbon dioxide, rather than releasing it into the atmosphere. Algenol’s world-class team, algae cultivation expertise, proprietary growth system, and state-of-the-art facility combine to produce the highest quality sustainable products at competitive prices. Algenol has a number of partners. Partners include the National Renewable Energy Laboratory, BioFields, Membrane Technology and Research, and Reliance Holdings USA, Inc. Algenol also is partnered with Lee County, Florida and the U.S. Department of Energy along with universities including Florida Gulf Coast University, Georgia Tech, and Humboldt University of Berlin.