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    Algal Pigments Market

    Algal Pigments Market Size, Share, Forecast, & Trends Analysis by Type (Beta-Carotene, Astaxanthin, Phycocyanin), Form (Powder), Source (Microalgae, Macroalgae), Application (Food & Beverages, Nutraceuticals, Pharmaceuticals)—Global Forecast to 2032

    Report ID:MRFB - 104360 Pages: 180 Feb-2025 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 Hours

    The Algal Pigments market was valued at $412.7 million in 2024. This market is expected to reach $718 million by 2032 from an estimated $442.1 million in 2025, at a CAGR of 7.2% during the forecast period from 2025 to 2032.

    Algal Pigments Market Size & Forecast

    This market's growth is driven by the increasing utilization of algal pigments for therapeutic and nutritional purposes, expanding awareness of clean-label products, growing demand for natural colorants, reluctance to use synthetic colors, and the rising need to enhance product appeal. The risk of algal contamination during cultivation, the complex procedures involved in producing algae, and the high cost of natural colors are anticipated to restrain the market's growth.

    The growing demand for phycocyanin and the increasing use of natural astaxanthin in poultry and aquaculture feeds are expected to create market growth opportunities.

    Algal Pigments Market Growth Drivers

    Rising Demand for Natural Colorants

    The growing preference for natural food colors over synthetic alternatives underscores a shift in consumer preferences. With heightened awareness of the health risks associated with synthetic colors and the benefits of natural options, consumers are increasingly driving the market toward healthier and more natural choices. Rising health consciousness and a preference for environmentally friendly products are significant factors fueling global demand for naturally sourced food products. As a result, food manufacturers are increasingly adopting natural food colors to enhance product appeal post-processing, aligning with consumer preferences and supporting a healthier market trend.

    Natural food colors or dyes derived from algae, plants, animals, fruits, and minerals are considered safe as food additives due to their minimal harmful side effects. Their non-toxic or less toxic nature, coupled with fewer side effects, is driving their increasing therapeutic use. Governments worldwide are endorsing the use of natural food colors due to their biodegradability and lack of environmental pollution after disposal. Additionally, numerous regulations have been enacted to favor natural colors over synthetic alternatives, further boosting global demand. For example, the Food Safety and Standards Authority of India (FSSAI) has outlined permissible food coloring and flavoring agents and their standards in the Food Safety and Standards (Food Product Standards and Food Additives) Regulations, 2011, including beta-carotene, chlorophyll, caramel, riboflavin, curcumin, and saffron. Conversely, the Food Safety and Standards Act of 2006 (India) has banned artificial colors due to their potential long-term health risks.

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    Governments worldwide are increasingly supporting the use of natural food colors due to their biodegradability and minimal environmental impact. For example, the European Commission has banned titanium dioxide (E171) as a food additive effective August 7, 2022, and various regulations across regions are restricting the use of synthetic food colors.

    The Australian Organic Market Report highlights that, in 2024, the Australian organic industry contributed USD 851 million directly to the economy. Denmark led global organic food sales with a 13.0% market share in 2020, followed by Austria with 11.3%, and Switzerland with 10.3% (source: Danish Agriculture & Food Council). This rising demand for organic foods is driven by consumer perceptions of their health benefits and safety compared to conventional options. Organic food production excludes synthetic fertilizers, pesticides, growth hormones, antibiotics, and GMOs, leading to increased use of natural food colors to enhance product appeal.

    Furthermore, the growth of the food and beverage industry positively impacts the global natural food colors market. As natural food consumption rises globally, the demand for natural food colorants is increasing, thus driving the growth of the algal pigments market.

    Reluctance Toward the Use of Synthetic Colors

    In recent years, the use of synthetic color additives in food, beverage, pharmaceutical, and cosmetic products has decreased due to stringent regulations and rising consumer awareness about the health hazards of synthetic colors.

    Strict regulations imposed by federal organizations in various countries limit the use of synthetic dyes in food and beverage products. In the U.S., the Food and Drug Administration (FDA) is the primary authority overseeing food additives, including synthetic food colors. The FDA regulates their use due to potential health risks, establishing maximum allowable limits for different food categories. The FDA's responsibilities include listing new synthetic color additives or new uses for approved color additives deemed safe for their intended purposes in the Code of Federal Regulations (CFR), conducting certification programs for color additive batches that must be certified before sale, and monitoring synthetic color usage and product labeling. Synthetic color additives in food, drugs, and cosmetics must adhere to specific regulations issued by the FDA. Currently, synthetic food colors are prohibited in over 200 food products in the U.S.

    In Europe, all food additives, including colorants, must receive authorization under European legislation before they can be used in food products. Authorized food colors are listed in Regulation EC 1333/2008, which outlines their approved uses and conditions.

    Synthetic colors, valued for their versatility, are widely used across the food and beverage, pharmaceutical, and cosmetics industries. However, research by the California Office of Environmental Health Hazard Assessment (OEHHA) and other organizations has highlighted potential health risks associated with synthetic colorants. These include allergic reactions, skin irritation, and digestive issues. For example, synthetic orange-red colorants have been linked to allergy-like reactions and hyperactivity in children. Some studies suggest that eliminating artificial colors from children's diets may alleviate symptoms of attention-related disorders and other behavioral issues. Additionally, the African Journal of Biotechnology notes that high consumption of tartrazine is associated with cancer risks and can trigger asthma attacks, hazy vision, eczema, and skin reactions.

    Therefore, the reluctance to use synthetic colors is expected to increase the demand for natural colors, driving the growth of this market.

    Algal Pigments Market Opportunity

    Growing Demand for Phycocyanin

    Phycocyanin is a pigment-protein complex produced by blue-green microalgae such as Arthrospira (spirulina). It is predominantly utilized as a natural coloring agent in the food industry. Research has shown that this natural pigment offers various health benefits. The marketability of phycocyanin is significantly influenced by its price, which is largely determined by the cost of culturing the algae, particularly the expense associated with the growth substrate.

    Phycocyanin is employed as a natural food coloring agent and is recognized for its antioxidant properties, demonstrated both in vivo and in vitro, making it a valuable nutraceutical compound. It is frequently used as a dietary supplement and exhibits various pharmacological benefits. Additionally, phycocyanin serves as a natural blue dye in food and cosmetics. Factors influencing the extraction process include the biomass content of phycocyanin, particle size distribution, solvent type, extraction time, temperature, mixing rate, and biomass-to-solvent ratio. The overall cost of phycocyanin production is primarily determined by the expense of spirulina cultivation, with the mineral medium used representing the largest cost component.

    The benefits driving the consumption of phycocyanin include its stability, safety, bioavailability, interactions with food matrix components, and health-promoting effects. The demand for phycocyanin as a natural blue food colorant has increased notably over the past five years, particularly following the FDA's approval of spirulina extract as a food colorant for gum and candy.

    In the U.S., the FDA Code of Federal Regulations approves spirulina extract as a color additive and exempts it from certification. This extract, derived from the filtered aqueous extraction of dried Spirulina platensis biomass, contains phycocyanin as its principal coloring agent. Linablue became the first natural blue food coloring to receive FDA approval, reflecting a significant shift in consumer preference from artificial to natural food colorants, especially in North America and Europe. Linablue is gaining attention from food safety and security perspectives due to its vibrant color and natural origin.

    Phycocyanin (C-PC) is also increasingly utilized as a natural colorant in alcoholic beverages, such as FIRKIN Blue gin, and in cosmetics, including lipsticks, eyeliners, and eye shadows. Furthermore, C-phycocyanin and its bilin chromophore hold significant potential in food technology as a safe food colorant, functional food additive, and nutraceutical and dietary supplement, thanks to its excellent health benefits and the possibility of sustainable and cost-effective mass production. These attributes are anticipated to create growth opportunities for companies in the global spirulina market.

    Algal Pigments Market Analysis: Key Findings

    The Beta-carotene Segment to Dominate the Algal Pigments Market in 2025

    Based on type, the algal pigments market is segmented into beta-carotene, astaxanthin, fucoxanthin, phycocyanin, phycoerythrin, lutein, chlorophyll, and other types. In 2025, the beta-carotene segment is expected to account for the largest share of 22.3% of the algal pigments market. The significant market share of this segment is largely driven by the numerous benefits of beta-carotene, increasing demand for natural ingredients in the dietary supplement and food industries, extensive use of beta-carotene in food and beverages, cosmetics, and animal feed, and rising demand for dietary supplements due to beta-carotene’s antioxidant properties and its role in enhancing immunity.

    However, the phycocyanin segment is expected to register the highest CAGR of 20.0% during the forecast period. This segment's growth is driven by the growing adoption of phycocyanin for nutraceutical and nutritional applications, resistance to synthetic colors, rising demand for natural blue colorants, increasing venture investments in phycocyanin production, the high potential of phycocyanin in pharmaceutical applications, and rising consumer awareness of clean-label products.

    The Powder Segment to Dominate the Algal Pigments Market in 2025

    Based on form, the algal pigments market is segmented into powder and liquid. In 2025, the powder segment is expected to account for the larger share of the algal pigments market. This segment’s substantial share is attributed to its ease of measurement, handling, and integration into formulations. Additionally, its longer shelf life and enhanced stability reduce the risk of degradation over time. These advantages have increased its utilization across a range of products, including food and beverages, cosmetics, pharmaceuticals, and animal feeds.

    The Microalgae Segment to Dominate the Algal Pigments Market in 2025

    Based on source, the global algal pigments market is segmented into microalgae (spirulina, haematococcus pluvialis, dunaliella salina, chlorella, and other microalgae), macroalgae/seaweed (red seaweed, brown seaweed, and green seaweed). In 2025, the microalgae segment is expected to account for the larger share of the algal pigments market. This segment's substantial market share is primarily attributed to the growing preference for microalgae-sourced products, heightened consumer interest in health and wellness trends, the expanding dietary supplement industry, rising demand for natural food colors, and the increasing growth of the nutraceuticals sector.

    The Nutraceuticals Segment to Dominate the Algal Pigments Market in 2025

    Based on application, the global algal pigments market is segmented into nutraceuticals, food & beverages, aquaculture, pharmaceuticals, cosmetics, and other applications. In 2025, the nutraceuticals segment is expected to account for the largest share of 38.2% of the algal pigments market. The substantial market share of this segment is primarily driven by growing health consciousness among consumers, the increasing prevalence of chronic diseases, an aging population, and rising demand for natural ingredients in dietary supplements. Moreover, this segment is expected to register the highest CAGR during the forecast period.

    Geographical Analysis

    Europe Dominates the Algal Pigments Market

    Based on geography, the algal pigments market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2025, Europe is expected to account for the largest share of 32.1% of the algal pigments market, followed by North America and Asia-Pacific. The Europe Algal Pigments market is estimated to be worth USD 141.7 million in 2025. Europe's significant market share is driven by several key factors, such as the extensive food and beverage industry, stringent regulations prohibiting synthetic colors, increasing health and wellness trends, high demand for natural colorants across multiple end-use sectors, a substantial number of algal pigment manufacturers, and growing governmental emphasis on the algae industry.

    However, Asia-Pacific is expected to record the highest CAGR of 9.6% during the forecast period. This rapid growth is attributed to the rising number of local and regional players providing algal pigments, increasing consumption of natural food ingredients, various government initiatives supporting the use of algae, growing demand for algal pigments within the food and beverage industry, and an increased consumer preference for natural ingredients.

    Algal Pigments Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the algal pigments market are Bluetec Naturals Co., Ltd (China), E.I.D. - Parry (India) Limited (A Subsidiary Of M/S. Ambadi Investments Limited) (India), DIC Corporation (Japan), Cyanotech Corporation (U.S.), AstaReal Co., Ltd. (Japan), Algatechologies Ltd. (Israel), Zhejiang Binmei Biotechnology Co., Ltd (China), Algae Health Sciences (U.S.), Sochim International S.p.A. (Italy), Givaudan SA (Switzerland), Merck KGaA (Germany), Sensient Technologies Corporation (U.S.), Tianjin Norland Biotech Co., Ltd (China), Shaivaa Algaetech LLP (India), and Divi's Laboratories Limited (India).

    Algal Pigments Industry Overview: Latest Developments from Key Industry Players

    • In March 2025, Kuehnle AgroSystems Inc. (U.S.) secured USD 3 million in a Series A2 funding round led by S2G Ventures.
    • In January 2025, AstaReal Co., Ltd. (Japan) introduced a rebranded version of its finished formulation, Astaxin, in Sweden and Norway.
    • In June 2022, DDW, Inc. partnered with Fermentalg (France), a company specializing in sustainable solutions and active ingredients derived from microalgae for nutrition, health, and environmental applications, to launch Galdieria Blue Extract.

    Algal Pigments Market Research Summary

    Particulars

    Details

    Number of Pages

    180

    Format

    PDF

    Forecast Period

    2025–2032

    Base Year

    2025

    CAGR (Value)

    7.2%

    Market Size (Value)

    USD 718.0 million by 2032

    Segments Covered

    By Type

    • Beta-carotene
    • Astaxanthin
    • Fucoxanthin
    • Phycocyanin
    • Phycoerythrin
    • Lutein
    • Chlorophyll
    • Other Types

    By Form

    • Powder
    • Liquid

    By Source

    • Microalgae 
      • Spirulina
      • Haematococcus pluvialis
      • Dunaliella Salina
      • Chlorella
      • Other Microalgae
    • Macroalgae/Seaweed 
      • Red Seaweed
      • Brown Seaweed
      • Green Seaweed

    By Application

    • Food & Beverages 
      • Beverages
      • Bakery Products
      • Confectionary Products
      • Other Food & Beverages
    • Aquaculture
    • Nutraceuticals
    • Pharmaceuticals
    • Cosmetics
    • Other Applications

    Countries Covered

    North America (U.S., Canada), Europe (France, Germany, U.K., Italy, Spain, Netherlands, Denmark, Sweden, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Thailand, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (Egypt, Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa)

    Key Companies

    Bluetec Naturals Co., Ltd (China), E.I.D. - Parry (India) Limited (A Subsidiary Of M/S. Ambadi Investments Limited) (India), DIC Corporation (Japan), Cyanotech Corporation (U.S.), AstaReal Co., Ltd. (Japan), Algatechologies Ltd. (Israel), Zhejiang Binmei Biotechnology Co., Ltd (China), Algae Health Sciences (U.S.), Sochim International S.p.A. (Italy), Givaudan SA (Switzerland), DIC Corporation (Japan), Merck KGaA (Germany), Sensient Technologies Corporation (U.S.), Tianjin Norland Biotech Co., Ltd (China), Shaivaa Algaetech LLP (India), and Divi's Laboratories Limited (India)

    Key questions answered in the algal pigments market report:

    Algal pigments are natural pigments or colorants derived from algae mainly including various microalgae and macroalgae. The different types of algae pigments are beta-carotene, astaxanthin, fucoxanthin, phycocyanin, phycoerythrin, lutein, chlorophyll, and other types of algal pigments. These pigments are derived in powdered and liquid form. There is increasing application of these pigments in various food and beverage products, aquaculture, nutraceuticals, pharmaceuticals, and cosmetics.

    The algal pigments market study provides valuable insights, market sizes, and forecasts in terms of value by type, form, source, application, and geography.

    The algal pigments market is projected to reach $718 million in value by 2032, at a CAGR of 7.2% during the forecast period.

    In 2025, the beta-carotene segment is expected to hold a major share of the algal pigments market.

    The nutraceuticals segment is expected to witness the fastest growth during the forecast period of 2025–2032.

    The growth of this algal pigment market is primarily driven by the rising demand for natural colorants, a growing reluctance to use synthetic colors, the increased adoption of algal pigments for therapeutic and nutritional purposes, heightened awareness of clean-label products, and the need to enhance product appeal. Additionally, the expanding demand for phycocyanin and the increasing use of natural astaxanthin in poultry and aquaculture feed create opportunities for players operating in this market.

    The key players operating in the algal pigments market are Bluetec Naturals Co., Ltd (China), E.I.D. - Parry (India) Limited (A Subsidiary Of M/S. Ambadi Investments Limited) (India), DIC Corporation (Japan), Cyanotech Corporation (U.S.), AstaReal Co., Ltd. (Japan), Algatechologies Ltd. (Israel), Zhejiang Binmei Biotechnology Co., Ltd (China), Algae Health Sciences (U.S.), Sochim International S.p.A. (Italy), Givaudan SA (Switzerland), DIC Corporation (Japan), Merck KGaA (Germany), Sensient Technologies Corporation (U.S.), Tianjin Norland Biotech Co., Ltd (China), Shaivaa Algaetech LLP (India), and Divi's Laboratories Limited (India).

    Asia-Pacific is expected to witness significant growth during the forecast period of 2025–2032, mainly due to the increasing presence of numerous local and regional players offering algal pigments, rising demand for natural food ingredients, various government initiatives to promote the use of algae, increasing demand for algal pigments from the food and beverage industry, and growing consumer preference for natural ingredients.

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    Algae Products
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    1.  Introduction
       1.1.  Market Definition & Scope
       1.2.  Market Ecosystem
       1.3.  Currency
       1.4.  Key Stakeholders

    2.  Research Methodology
       2.1.  Research Approach
       2.2.  Process of Data Collection and Validation
          2.2.1.  Secondary Research
          2.2.2.  Primary Research/Interviews with Key Opinion Leaders from the Industry
       2.3.  Market Size and Forecast
          2.3.1.  Market Size Estimation Approach
          2.3.2.  Growth Forecast Approach
       2.4.  Assumptions for the Study

    3.  Executive Summary
       3.1.  Overview
       3.2.  Segmental Analysis
          3.2.1.  Algal Pigments Market Analysis, by Type
          3.2.2.  Algal Pigments Market Analysis, by Form
          3.2.3.  Algal Pigments Market Analysis, by Source
          3.2.4.  Algal Pigments Market Analysis, by Application
       3.3.  Algal Pigments Market, by Regional Analysis
       3.4.  Competitive Landscape & Market Competitors

    4.  Market Insights
       4.1.  Overview
       4.2.  Factors Affecting Market Growth
          4.2.1.  Drivers
             4.2.1.1.  Rising Demand for Natural Colorants
             4.2.1.2.  Reluctance Toward the Use of Synthetic Colors
             4.2.1.3.  Increased Adoption of Algal Pigments for Therapeutic & Nutritional Purposes
             4.2.1.4.  Increasing Awareness for Clean-label Products
             4.2.1.5.  Growing Need to Enhance Product Appeal
          4.2.2.  Restraints
             4.2.2.1.  High Cost of Natural Colors
             4.2.2.2.  Complex Production Process for Algae
             4.2.2.3.  Risk of Algae Contamination
          4.2.3.  Opportunities
             4.2.3.1.  Growing Demand for Phycocyanin
             4.2.3.2.  Increasing Use of Natural Astaxanthin in Poultry and Aquaculture Feed
       4.3.  Trend
       4.4.  Pricing Analysis
          4.4.1.  Beta-carotene
          4.4.2.  Astaxanthin
          4.4.3.  Fucoxanthin
          4.4.4.  Phycocyanin
          4.4.5.  Phycoerythrin
          4.4.6.  Lutein
          4.4.7.  Chlorophyll
          4.4.8.  Other Types
       4.5.  Value Chain Analysis
       4.6.  Porters Five Forces Analysis
          4.6.1.  Bargaining Power of Suppliers
          4.6.2.  Bargaining Power of Buyers
          4.6.3.  Threat of Substitutes
          4.6.4.  Threat of New Entrants
          4.6.5.  Degree of Competition
       4.7.  Product Adoption Trends Across Different Applications

    5.  Algal Pigments Market Assessment—by Type
       5.1.  Overview
       5.2.  Beta-carotene
       5.3.  Astaxanthin
       5.4.  Fucoxanthin
       5.5.  Phycocyanin
       5.6.  Phycoerythrin
       5.7.  Lutein
       5.8.  Chlorophyll
       5.9.  Other Types

    6.  Algal Pigments Market Assessment—by Form
       6.1.  Overview
       6.2.  Powder
       6.3.  Liquid

    7.  Algal Pigments Market Assessment—by Source
       7.1.  Overview
       7.2.  Microalgae
          7.2.1.  Spirulina
          7.2.2.  Haematococcus pluvialis
          7.2.3.  Dunaliella Salina
          7.2.4.  Chlorella
          7.2.5.  Other Microalgae
       7.3.  Macroalgae/Seaweed
          7.3.1.  Red Seaweed
          7.3.2.  Brown Seaweed
          7.3.3.  Green Seaweed

    8.  Algal Pigments Market Assessment—by Application
       8.1.  Overview
       8.2.  Nutraceuticals
       8.3.  Food & Beverage
          8.3.1.  Beverages
          8.3.2.  Bakery Products
          8.3.3.  Confectionary Products
          8.3.4.  Other Food & Beverages
       8.4.  Aquaculture
       8.5.  Pharmaceuticals
       8.6.  Cosmetics
       8.7.  Other Applications

    9.  Algal Pigments Market Assessment—by Geography
       9.1.  Overview
       9.2.  North America
          9.2.1.  U.S.
          9.2.2.  Canada
       9.3.  Europe
          9.3.1.  France
          9.3.2.  Germany
          9.3.3.  U.K.
          9.3.4.  Italy
          9.3.5.  Spain
          9.3.6.  Netherlands
          9.3.7.  Denmark
          9.3.8.  Sweden
          9.3.9.  Rest of Europe (RoE)
       9.4.  Asia-Pacific
          9.4.1.  China
          9.4.2.  India
          9.4.3.  Japan
          9.4.4.  Australia
          9.4.5.  Thailand
          9.4.6.  Rest of Asia-Pacific (RoAPAC)
       9.5.  Latin America
          9.5.1.  Brazil
          9.5.2.  Mexico
          9.5.3.  Rest of Latin America (RoLATAM)
       9.6.  Middle East & Africa
          9.6.1.  Egypt
          9.6.2.  Saudi Arabia
          9.6.3.  South Africa
          9.6.4.  UAE
          9.6.5.  Rest of Middle East & Africa

    10.  Competition Analysis
        10.1.  Overview
        10.2.  Key Growth Strategies
        10.3.  Competitive Benchmarking
        10.4.  Competitive Dashboard
           10.4.1.  Industry Leaders
           10.4.2.  Market Differentiators
           10.4.3.  Vanguards
           10.4.4.  Emerging Companies
        10.5.  Market Ranking/Positioning Analysis of Key Players, 2024

    11.  Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
        11.1.  Bluetec Naturals Co., Ltd
        11.2.  E.I.D.  - Parry (India) Limited (A Subsidiary Of M/S.  Ambadi Investments Limited)
        11.3.  Cyanotech Corporation
        11.4.  AstaReal Co., Ltd.
        11.5.  Algatechnologies Ltd.
        11.6.  Zhejiang Binmei Biotechnology Co., Ltd
        11.7.  Algae Health Sciences
        11.8.  Sochim International S.p.A.
        11.9.  Givaudan SA
        11.10.  DIC Corporation
        11.11.  Merck KGaA
        11.12.  Sensient Technologies Corporation
        11.13.  Tianjin Norland Biotech Co., Ltd
        11.14.  Shaivaa Algaetechf LLP
        11.15.  Divi's Laboratories Limited
                   (Note: SWOT Analysis of Top 5 Companies Will Be Provided)

    12.  Appendix
        12.1.  Available Customization
        12.2.  Related Reports


    List of Tables
    Table 1    Average Selling Prices of Beta-carotene, by Country/Region, 2022–2032 (USD/Ton)
    Table 2    Average Selling Prices of Astaxanthin, by Country/Region, 2022–2032 (USD/Ton)
    Table 3    Average Selling Prices of Fucoxanthin, by Country/Region, 2022–2032 (USD/Ton)
    Table 4    Average Selling Prices of Phycocyanin, by Country/Region, 2022–2032 (USD/Ton)
    Table 5    Average Selling Prices of Phycoerythrin, by Country/Region, 2022–2032 (USD/Ton)
    Table 6    Average Selling Prices of Lutein, by Country/Region, 2022–2032 (USD/Ton)
    Table 7    Average Selling Prices of Chlorophyll, by Country/Region, 2022–2032 (USD/Ton)
    Table 8    Average Selling Prices of Other Types, by Country/Region, 2022–2032 (USD/Ton)
    Table 9    Global Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 10    Global Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 11    Global Beta-carotene Market, by Country/Region, 2022–2032 (USD Million)
    Table 12    Global Beta-carotene Market, by Country/Region, 2022–2032 (Tons)
    Table 13    Global Astaxanthin Market, by Country/Region, 2022–2032 (USD Million)
    Table 14    Global Astaxanthin Market, by Country/Region, 2022–2032 (Tons)
    Table 15    Global Fucoxanthin Market, by Country/Region, 2022–2032 (USD Million)
    Table 16    Global Fucoxanthin Market, by Country/Region, 2022–2032 (Tons)
    Table 17    Global Phycocyanin Market, by Country/Region, 2022–2032 (USD Million)
    Table 18    Global Phycocyanin Market, by Country/Region, 2022–2032 (Tons)
    Table 19    Global Phycoerythrin Market, by Country/Region, 2022–2032 (USD Million)
    Table 20    Global Phycoerythrin Market, by Country/Region, 2022–2032 (Tons)
    Table 21    Global Lutein Market, by Country/Region, 2022–2032 (USD Million)
    Table 22    Global Lutein Market, by Country/Region, 2022–2032 (Tons)
    Table 23    Global Chlorophyll Market, by Country/Region, 2022–2032 (USD Million)
    Table 24    Global Chlorophyll Market, by Country/Region, 2022–2032 (Tons)
    Table 25    Global Other Types Market, by Country/Region, 2022–2032 (USD Million)
    Table 26    Global Other Types Market, by Country/Region, 2022–2032 (Tons)
    Table 27    Global Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 28    Global Powder Algal Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 29    Global Liquid Algal Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 30    Global Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 31    Global Microalgae-based Pigments Market, by Type, 2022–2032 (USD Million)
    Table 32    Global Microalgae-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 33    Global Spirulina-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 34    Global Haematococcus pluvialis Based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 35    Global Dunaliella Salina-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 36    Global Chlorella-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 37    Global Other Microalgae-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 38    Global Macroalgae/Seaweed-based Pigments Market, by Type, 2022–2032 (USD Million)
    Table 39    Global Macroalgae-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 40    Global Red Seaweed-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 41    Global Brown Seaweed-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 42    Global Green Seaweed-based Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 43    Global Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 44    Global Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 45    Global Algal Pigments Market for Food & Beverages, by Country/Region, 2022–2032 (USD Million)
    Table 46    Global Algal Pigments Market for Beverages, by Country/Region, 2022–2032 (USD Million)
    Table 47    Global Algal Pigments Market for Bakery Products, by Country/Region, 2022–2032 (USD Million)
    Table 48    Global Algal Pigments Market for Confectionary Products, by Country/Region, 2022–2032 (USD Million)
    Table 49    Global Algal Pigments Market for Other Food & Beverages, by Country/Region, 2022–2032 (USD Million)
    Table 50    Global Algal Pigments Market for Aquaculture, by Country/Region, 2022–2032 (USD Million)
    Table 51    Global Algal Pigments Market for Nutraceuticals, by Country/Region, 2022–2032 (USD Million)
    Table 52    Global Algal Pigments Market for Pharmaceuticals, by Country/Region, 2022–2032 (USD Million)
    Table 53    Global Algal Pigments Market for Cosmetics, by Country/Region, 2022–2032 (USD Million)
    Table 54    Global Algal Pigments Market for Other Applications, by Country/Region, 2022–2032 (USD Million)
    Table 55    Global Algal Pigments Market, by Region, 2022–2032 (USD Million)
    Table 56    Global Algal Pigments Market, by Region, 2022–2032 (Tons)
    Table 57    North America: Algal Pigments Market, by Country, 2022–2032 (USD Million)
    Table 58    North America: Algal Pigments Market, by Type, 2022–2032 (USD Million) 
    Table 59    North America: Algal Pigments Market, by Type, 2022–2032 (Tons) 
    Table 60    North America: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 61    North America: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 62    North America: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 63    North America: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 64    U.S.: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 65    U.S.: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 66    U.S.: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 67    U.S.: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 68    U.S.: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 69    U.S.: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 70    Canada: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 71    Canada: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 72    Canada: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 73    Canada: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 74    Canada: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 75    Canada: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 76    Europe: Algal Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 77    Europe: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 78    Europe: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 79    Europe: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 80    Europe: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 81    Europe: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 82    Europe: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 83    France: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 84    France: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 85    France: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 86    France: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 87    France: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 88    France: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 89    Germany: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 90    Germany: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 91    Germany: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 92    Germany: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 93    Germany: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 94    Germany: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 95    U.K.: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 96    U.K.: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 97    U.K.: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 98    U.K.: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 99    U.K.: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 100    U.K.: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 101    Italy: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 102    Italy: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 103    Italy: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 104    Italy: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 105    Italy: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 106    Italy: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 107    Spain: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 108    Spain: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 109    Spain: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 110    Spain: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 111        Spain: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 112    Spain: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 113    Netherlands: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 114    Netherlands: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 115    Netherlands: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 116    Netherlands: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 117    Netherlands: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 118    Netherlands: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 119    Denmark: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 120    Denmark: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 121    Denmark: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 122    Denmark: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 123    Denmark: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 124    Denmark: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 125    Sweden: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 126    Sweden: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 127    Sweden: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 128    Sweden: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 129    Sweden: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 130    Sweden: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 131    Rest of Europe: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 132    Rest of Europe: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 133    Rest of Europe: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 134    Rest of Europe: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 135    Rest of Europe: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 136    Rest of Europe: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 137    Asia-Pacific: Algal Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 138    Asia-Pacific: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 139    Asia-Pacific: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 140    Asia-Pacific: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 141    Asia-Pacific: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 142    Asia-Pacific: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 143    Asia-Pacific: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 144    China: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 145    China: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 146    China: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 147    China: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 148    China: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 149    China: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 150    India: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 151    India: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 152    India: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 153    India: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 154    India: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 155    India: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 156    Japan: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 157    Japan: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 158    Japan: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 159    Japan: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 160    Japan: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 161    Japan: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 162    Australia: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 163    Australia: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 164    Australia: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 165    Australia: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 166    Australia: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 167    Australia: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 168    Thailand: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 169    Thailand: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 170    Thailand: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 171    Thailand: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 172    Thailand: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 173    Thailand: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 174    Rest of Asia-Pacific: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 175    Rest of Asia-Pacific: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 176    Rest of Asia-Pacific: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 177    Rest of Asia-Pacific: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 178    Rest of Asia-Pacific: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 179    Rest of Asia-Pacific: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 180    Latin America: Algal Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 181    Latin America: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 182    Latin America: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 183    Latin America: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 184    Latin America: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 185    Latin America: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 186    Latin America: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 187    Brazil: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 188    Brazil: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 189    Brazil: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 190    Brazil: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 191    Brazil: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 192    Brazil: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 193    Mexico: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 194    Mexico: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 195    Mexico: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 196    Mexico: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 197    Mexico: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 198    Mexico: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 199    Rest of Latin America: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 200    Rest of Latin America: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 201    Rest of Latin America: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 202    Rest of Latin America: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 203    Rest of Latin America: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 204    Rest of Latin America: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 205    Middle East & Africa: Algal Pigments Market, by Country/Region, 2022–2032 (USD Million)
    Table 206    Middle East & Africa: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 207    Middle East & Africa: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 208    Middle East & Africa: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 209    Middle East & Africa: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 210    Middle East & Africa: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 211    Middle East & Africa: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 212    Egypt: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 213    Egypt: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 214    Egypt: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 215    Egypt: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 216    Egypt: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 217    Egypt: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 218    Saudi Arabia: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 219    Saudi Arabia: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 220    Saudi Arabia: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 221    Saudi Arabia: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 222    Saudi Arabia: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 223    Saudi Arabia: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 224    South Africa: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 225    South Africa: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 226    South Africa: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 227    South Africa: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 228    South Africa: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 229    South Africa: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 230    UAE: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 231    UAE: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 232    UAE: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 233    UAE: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 234    UAE: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 235    UAE: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)
    Table 236    Rest of Middle East & Africa: Algal Pigments Market, by Type, 2022–2032 (USD Million)
    Table 237    Rest of Middle East & Africa: Algal Pigments Market, by Type, 2022–2032 (Tons)
    Table 238    Rest of Middle East & Africa: Algal Pigments Market, by Form, 2022–2032 (USD Million)
    Table 239    Rest of Middle East & Africa: Algal Pigments Market, by Source, 2022–2032 (USD Million)
    Table 240    Rest of Middle East & Africa: Algal Pigments Market, by Application, 2022–2032 (USD Million)
    Table 241    Rest of Middle East & Africa: Algal Pigments Market for Food & Beverages, by Type, 2022–2032 (USD Million)    


    List of Figures
    Figure 1    Research Process
    Figure 2    Secondary Sources Referenced for this Study
    Figure 3    Primary Research Techniques
    Figure 4    Key Executives Interviewed
    Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)
    Figure 6    Market Sizing and Growth Forecast Approach
    Figure 7    The Phycocyanin Segment to Register the Fastest Growth in Algal Pigments Market During the Forecast Period
    Figure 8    In 2025, the Powder Segment to Dominate the Global Algal Pigments Market
    Figure 9    In 2025, the Microalgae Segment to Dominate the Global Algal Pigments Market
    Figure 10    In 2025, the Nutraceuticals Segment to Dominate the Overall Algal Pigments Market
    Figure 11    Europe Dominates the Overall Algal Pigments Market, While Asia-Pacific Leads in Growth
    Figure 12    Impact Analysis of Market Dynamics
    Figure 13    Algal Pigments Market: Value Chain Analysis
    Figure 14    Algal Pigments Market: Porter’s Five Forces Analysis
    Figure 15    Global Algal Pigments Market, by Type, 2025 Vs. 2032 (USD Million)
    Figure 16    Global Algal Pigments Market, by Type, 2025 Vs. 2032 (Tons)
    Figure 17    Global Algal Pigments Market, by Form, 2025 Vs. 2032 (USD Million)
    Figure 18    Global Algal Pigments Market, by Source, 2025 Vs. 2032 (USD Million)
    Figure 19    Global Algal Pigments Market, by Application, 2025 Vs. 2032 (USD Million)
    Figure 20    North America: Algal Pigments Market Snapshot (2025)
    Figure 21    Europe: Algal Pigments Market Snapshot (2025)
    Figure 22    Asia-Pacific: Algal Pigments Market Snapshot (2025)
    Figure 23    Latin America: Algal Pigments Market Snapshot (2025)
    Figure 24    Middle East & Africa: Algal Pigments Market Snapshot (2025)
    Figure 25    Key Growth Strategies Adopted by Leading Players (2021–2025)
    Figure 26    Global Algal Pigments Market Competitive Benchmarking, by Application
    Figure 27    Competitive Dashboard: Global Algal Pigments Market
    Figure 28    Global Algal Pigments Market Ranking/Positioning of Key Players, 2024
    Figure 29    E.I.D. - Parry (India) Limited: Financial Overview (2025)
    Figure 30    Cyanotech Corporation: Financial Overview (2024)
    Figure 31    Givaudan SA: Financial Overview (2024)
    Figure 32    DIC Corporation: Financial Overview (2024)
    Figure 33    Merck KGaA: Financial Overview (2024)
    Figure 34    Sensient Technologies Corporation: Financial Overview (2024)
    Figure 35    Divi's Laboratories Limited: Financial Overview (2025)

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    Author Name:

    Shubham Lawande, Prashant Bombe

    Related Tag: Algal Pigments Market natural blue pigment spirulina blue spirulina extract pigments Beta-carotene Astaxanthin Phycocyanin Lutein
    Algae Products
    Food and Beverages
    The Algal Pigments Market is expected to reach $718 million by 2031 from an estimated $442.1 million in 2024, at a CAGR of 7.2% during the forecast period from 2024 to 2031.The growth in algal pigment market is mainly attributed to the key factors such as increased adoption of algal pigments for manufacturing of therapeutic & nutritional products; growing reluctance towards usage of synthetic colors, due to stringent regulations on synthetic colors and hazardous health issues occurred due to usage of synthetic colors; inclination towards usage of clean-label products; growing demand for natural colorants; and rising need to enhance appearance of the food, cosmetic, and pharmaceutical products.

    Here are the top 10 companies operating in the Algal Pigments Market

    Earthrise Nutritionals, LLC

    Founded in 1976 and headquartered at California, U.S; Earthrise Nutritionals, LLC is engaged in the production of spirulina and spirulina-based products with distribution in over 20 countries around the globe.

    In 1981, Earthrise developed a partnership with a Japanese company, Dainippon Ink and Chemicals (DIC), a diversified product company with a commitment to develop micro-algae for food, biochemicals, and pharmaceuticals. This partnership between California entrepreneurs and Japanese corporate intrapreneurs flourished to a dynamic growth of spirulina production. Earthrise Nutritionals, LLC and DIC LIFETEC Co., Ltd. are the wholly owned subsidiaries of DIC Corporation which provides spirulina in the global market. DIC Corporation has its geographic presence in Korea, Taiwan, China, America, Europe, and Asia pacific.

    Cyanotech Corporation

    Founded in 1983 and headquartered at Kailua Kona, Hawaii, U.S., Cyanotech Corporation is engaged in the cultivation and production of natural products derived from microalgae for the health and human dietary supplements. The company is involved in the manufacturing of Bioastin astaxanthin and spirulina products.

    The company has its geographic presence in Europe, Asia Pacific, and Middle East & Africa

    BlueBioTech Int. GmbH

    Founded in 2000 and headquartered at Kaltenkirchen, Germany; BlueBioTech Int. GmbH is engaged in the R&D, production, and sales of microalgae and natural dietary supplements. The company offers microalgae concentrates, special products, and dietary supplements. Special products include fine chemicals like phycocyanin, astaxanthin, and microalgae powder. In addition, it also provides development services like contract development, contract production, starter concentrate, and consulting for customers.

    The company has a geographic presence in Germany.

    Zhejiang Binmei Biotechnology Co., Ltd.

    Founded in 2013 and headquartered at Zhejiang Province, China; Zhejiang Binmei Biotechnology Co., Ltd. is engaged in manufacturing high quality and reliable (powder & liquid & oil soluble) Spirulina Extract (Phycocyanin) which are widely used in fields of food, health, cosmetics, pharmaceuticals, and others. The company’s products are widely exported to the U.S., Germany, Japan, South Korea, and other countries.

    In addition, they have independent intellectual property rights about spirulina extraction. Its independent innovation “high activity phycocyanin natural purification technology” won national patent technology.

    Bluetec Naturals Co., Ltd.

    Founded in 1998 and headquartered at Inner Mongolia, China; Bluetec Naturals Co., Ltd supply algae products all over the globe to a wide range of companies worldwide, ranging from large multinational organizations to small individual companies.

    The company developed an innovated technology to extract Phycocyanin from spirulina in 2016. Its products are widely used in the industries such as food, cosmetic, and pharmaceuticals.


    Algatechnologies Ltd.

    Founded in 1998 and headquartered at Eilot, Israel; Algatechnologies Ltd. is specialized in the commercial cultivation of microalgae. It produces and supplies AstaPure, a natural astaxanthin, that is sourced from the microalga Haematococcus pluvialis. With its products, the company serves dietary supplement, animal health & aquaculture, functional foods & beverages, and cosmetics industries. The company also provides consulting services on large-scale microalgae cultivation and post-processing. In addition, it also provides logistics, warehousing, and lab support services.

    The company has a global presence through a marketing network of selected distributors and agents.

    E.I.D. – Parry (India) Limited

    Founded in 1788 and headquartered at Chennai, India; E.I.D. – Parry (India) Limited is engaged in the business of Sugar, Nutraceuticals, and Bio Pesticides. The company provides organic spirulina, chlorella, and micro algal products in the nutraceuticals space. ‘Parry’s Spirulina’, with 3 major international certifications, is sold in more than 41 countries across the globe.

    The manufacturing plants of the nutraceutical business for micro algal products’ production are located at Oonaiyur and Saveripuram in Tamil Nadu.

    Tianjin Norland Biotech Co., Ltd.

    Founded in 2013 and headquartered at Tianjin, China; Tianjin Norland Biotech Co., Ltd. is involved in the manufacturing of algae products and supply of organic green food for nutraceutical, cosmeceutical, and animal nutrition industries. The company is involved in the cultivation of Spirulina, Chlorella, and Haematococcus along with 1,000 greenhouses. The company is also engaged in the production of algal pigments such as astaxanthin and phycocyanin.

    The company serves to human nutraceuticals, cosmeceutical, and animal nutrition industries. The company has a geographic presence in China.

    AlgaeCan Biotech Ltd.

    Founded in 2009 and headquartered at Maple Ridge, Canada; AlgaeCan Biotech Ltd. develops technology and intellectual property for the rapid growth and harvest of microalgae products. The company offers astaxanthin, a naturally-occurring antioxidant that protects eyes and brain from oxidative stressand reduces wrinkles, dry skin, and age spots. It has also developed novel systems for the production of high value microalgae based bioactive ingredient for the nutraceutical industry.

    The company has a geographic presence in Canada.

    AstaReal AB

    Founded in 1990 and headquartered at Nacka, Sweden; AstaReal AB is a part of the AstaReal Group which is a wholly owned subsidiary of Fuji Chemical Industries Co., Ltd. The AstaReal Group is engaged in cultivation, R&D, and clinical science of natural astaxanthin. The application of astaxanthin is for human health. The Group uses AstaReal as the global brand name for its natural algal astaxanthin products which are sold worldwide.

    Popular Mentions: Algae Health Sciences, Sochim International S.p.A., Shaivaa Algaetech, BASF Corporation, D.D. Williamson & Co., Inc., and Chlostanin Nikken Nature Co. Limited.

     

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