- In September 2023, Phycom secured a USD 9.39 million investment to expand its microalgae production for sustainable protein sources and nutritious food, marking a significant step toward scaling its operations
- In April 2023, MiAlgae, a biotech company, launched NaturAlgae, an omega-3 product in the form of a dry powder, which can be incorporated into aquafeed and pet food formulations to enhance nutritional value
- In November 2022, GNT Group B.V., a leading provider of Coloring Foods, introduced a new powder made from spirulina and turmeric, extending their Exberry Coloring Foods range, and this product is suitable for bakery mixes and seasonings
- In September 2022, DIC Corporation invested USD 9 million into environmental initiatives at Earthrise and Hainan DIC, aiming to achieve zero water emissions by 2023 while producing Spirulina and LINABLUE, a natural edible blue-green algae
- In March 2022, Corbion partnered with Nestlé SA to advance their plant-based product portfolio, and together, they are working on developing microalgae-based ingredients to enhance sustainability in food production
Frequently Asked Questions
Companies such as Corbion (Netherlands), NP Nutra (U.S.), Aliga (U.S.), Roquette Frères (France), Parry Nutraceuticals (India), Seagrass Tech Private Limited (India), Phycom (Netherlands) are the major companies in the Algal Protein market.
In April 2023, MiAlgae, a biotech company, launched NaturAlgae, an omega-3 product in the form of a dry powder. In November 2022, GNT Group B.V., a leading provider of Coloring Foods, introduced a new powder made from spirulina and turmeric.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
