The Algae Products Market for Cosmetics is projected to reach $1.10 billion by 2031, at a CAGR of 9.6% from 2024 to 2031. The growth of the algae products market for cosmetics is driven by the growing cosmetics industry, increasing consumer preference for cruelty-free and vegan cosmetics, and rising awareness regarding the health benefits of organic cosmetic products. However, the complexities in algae production and the lack of R&D activities in underdeveloped countries restrain the growth of this market.
Furthermore, the growing demand for personalized cosmetic products is expected to generate growth opportunities for the stakeholders in this market. However, the risk of algae contamination is a major challenge impacting the growth of the algae products market for cosmetics.
Moreover, the rising adoption of eco-friendly packaging and sustainable practices in the cosmetics industry is a prominent trend in the algae products market for cosmetics.
Here are the top 10 companies operating in the Algae Products Market for Cosmetics
Founded in 1865 and headquartered in Ludwigshafen, Germany, BASF manufactures and supplies a wide range of products. The company operates in six business segments: Chemicals; Materials; Industrial Solutions; Surface Technologies; Nutrition & Care; and Agricultural Solutions. The company provides algae products for cosmetics through its Nutrition & Care segment. The company also provides its products to various industries, such as petrochemicals, coatings, chemicals, food, industrial, and agriculture.
With its subsidiaries and strong distribution network in more than 90 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2022, the company had a headcount of 111,481 employees globally.
Cargill, Incorporated (U.S.)
Founded in 1865 and headquartered in Minneapolis, U.S., Cargill, Incorporated manufactures and markets food, agriculture, and industrial products and services. The company operates through five business segments, namely Food Ingredients & Bio-industrial, Animal Nutrition, Protein & Salt, Agriculture Supply Chain & Energy, and Transportation & Metals.
Cargill has launched the Red Seaweed Promise program to address key sustainability challenges for the harvesting and cultivation of red seaweed, a raw material to produce carrageenan for various applications such as personal care products, dairy, and confectionery. Moreover, the company’s personal care product portfolio includes texturizers, emollients, emulsifiers, sensory enhancers, and bio-actives to develop nature-derived products for skin care, hair care, oral care, and make-up.
With manufacturing facilities in 70 countries, Cargill distributes its products in more than 125 countries. The company has a strong geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2023, the company had a headcount of 160,000 employees globally.
Founded in 1908 and headquartered in Tokyo, Japan, DIC Corporation specializes in the manufacturing of printing inks and also produces organic pigments and synthetic resins. The company offers its products to the automotive, electronics, food, and housing industries. It operates in three business segments, namely Packaging & Graphic, Functional Products, and Color & Display. The Color & Display segment offers spirulina and phycocyanin.
DIC has a broad portfolio of microalgae. It offers microalgae products, including spirulina and phycocyanin in the form of powder and tablets, through its subsidiary companies Earthrise Nutritionals, LLC (U.S.), Sun Chemical Corporation (U.S.), and Hainan DIC Microalgae Co., Ltd. (China).
Linablue is Earthrise Nutritional’s spirulina extract product. The company offers its phycocyanin products in powder and liquid form. Phycocyanin can be used as a natural food colorant as well as a functional food ingredient. It is approved as a natural blue colorant in the U.S., Europe, and Asia.
Sun Chemical Corporation, a member of the DIC group, is a leading supplier of pigments for cosmetics. The company offers a broad color portfolio for the beauty industry. It provides classical FDA-certified organics, high-purity iron oxides, a wide selection of inorganic chemistries, certified dyes, easy-to-use dispersions, and an extensive range of sparkling effect pigments.
With its subsidiaries and a strong distribution network, the company has a presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2022, the company had a headcount of 22,743 employees worldwide.
Bluetec Naturals Co., Ltd (China)
Founded in 1998 and headquartered in Inner Mongolia, China, Bluetec manufactures and distributes algae products. The company has a large algae production facility and produces around 500 tons of spirulina annually. Moreover, the company also produces phycocyanin, chlorella, astaxanthin, and spirulina extracts. In 2016, the company developed an innovative technology to extract phycocyanin from spirulina.
Besides existing products, Bluetec Naturals also produces blue spirulina, spirulina extract, and phycocyanin products according to special or customized formulations for its customers. The company offers its products in liquid, powder, softgels, and capsule forms to the cosmetics, food, and pharmaceutical industries. The company is also certified by FSSC22000, ISO9001, HACCP, BRC, Organic, Kosher, and Halal.
Further, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
COMPAÑIA ESPAÑOLA DE ALGAS MARINAS S A (Spain)
Founded in 1966 and headquartered in Pontevedra, Spain, CEAMSA develops, produces, and distributes natural hydrocolloids (carrageenan, pectin, fiber, alginate, and locust bean gum). The company provides its hydrocolloid products for food as well as non-food industries, including cosmetics, pharmaceuticals, and others. Currently, the company operates through two production plants located in Spain and the Philippines.
The company has also undergone research and development project ‘Hydrocolloid Technical Development for obtaining new products and processes developed for food applications with better properties and functionality (HIDROCONEW)’ in the period from 2017—2022 for the development of new hydrocolloids and dietary fibers and its manufacturing process. The company is certified by ISO 9001, ISO 14001, and ISO 45001.
With its strong distribution network, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2023, the company had a headcount of 440 employees.
AlgoSource (France)
Founded in 1993 and headquartered in Saint-Nazaire, France, AlgoSource offers services such as production engineering and the industrial development of microalgae. The company is engaged in microalgae production within controlled systems, biorefinery engineering, and creating and selling natural products such as Spirulina, Chlorella, and phycocyanin.
AlgoSource specializes in phycocyanin-based products and cold extraction technologies. With its expertise, the company has developed an exclusive extraction technology to optimize concentration and obtain high-value molecules to provide functional ingredients for cosmetics, nutraceuticals, and health applications. The company is also an expert in the production of chlorella liquid extract.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Algatechnologies Ltd. (A Part of Solabia Group) (Israel)
Founded in 1998 and headquartered in Kibbutz Ketura, Israel, Algatechnologies is engaged in developing and cultivating microalgae. The company produces Nannochloropsis and natural astaxanthin, sourced from the microalga Haematococcus pluvialis in the form of oleoresin extract, powder, softgels, and gummies. AstaPure, a brand of the company, caters to the cosmetics, nutrition, and food and beverages industries.
Algatechnologies also provides logistics, warehousing, and lab support services, offering customers a reliable supply and prompt response.
With a strong distribution network across 35 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. As of March 2023, the company had a headcount of over 13,650 employees worldwide.
W Hydrocolloids, Inc. (Philippines)
Founded in 1980 and headquartered in Metro Manila, Philippines, W Hydrocolloids, Inc. is engaged in the manufacturing and supply of food ingredients. It specializes in carrageenan-based food ingredient manufacturing. The company offers its ingredients for application in frozen desserts, dessert jelly, meat, beverages, sauces and dressing, cheese, confectionery, pet food, air freshener gel, pharmaceuticals, personal care & cosmetics, beer, and vegan alternatives.
The company operates through four production plants: W HYDROCOLLOIDS, INC. CARMONA, MARINE DEVELOPMENT RESOURCES CORPORATION, PHILIPPINE BIO-INDUSTRIES, CEBU CARRAGEENAN CORPORATION, with an annual production capacity of more than 10,000 MT. Additionally, the company is certified by FSSC 22000, Halal, KOSHER, and SGS Certification.
With its strong distribution network, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of more than 200 employees.
BDI BioLife Science GmbH (Austria)
Founded in 2008 and headquartered in Raaba-Grambach, Austria, BDI-BioLife produces high-quality natural materials from algae for the life sciences industry. The company also develops innovative technologies for the production of high-quality algae materials.
BDI-BioLife produces natural astaxanthin from the microalgae Haematococcus Pluvialis for the cosmetics and food supplement industries. The company has a special COSMOS-certified and NATRUE-approved active ingredient for cosmetic formulations.
With the production site in Hartberg, the company has a presence across North America, Europe, Asia-Pacific, and Latin America.
Tianjin Norland Biotech Co., Ltd. (China)
Founded in 2007 and headquartered in Tianjin, China, Tianjin Norland manufactures microalgal products. The company has over 350,000 m2 of standard algae cultivation and processing plants in Erdos Lake in North China to cultivate spirulina, chlorella, and Haematococcus pluvialis. The company produces over 1,100 tons a year of microalgae.
Tianjin Norland also supplies other organic green food ingredients, such as wheatgrass powder/barley grass powder. The company is certified by ISO22000, HACCP, QS, Kosher, Halal, BRC, EU Organic, and USDA-NOP Organic. Furthermore, it offers its products to the cosmetics, food, beverage, nutraceutical, and animal nutrition industries.
With its strong distribution network, the company has a geographical presence in more than 20 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Popular Mention: SNAP Natural & Alginate Products Pvt. Ltd. (India), Algalimento SL (Spain), Zhejiang Binmei Biotechnology Co., Ltd. (China), Seagrass Tech Private Limited (India), Shaivaa Algaetech LLP (India), and Algamo s.r.o. (Czech Republic).
