Top Algal Pigments Companies

Algal Pigments Market size was valued at USD 1.13 Billion in 2024 and is poised to grow from USD 1.19 Billion in 2025 to USD 1.81 Billion by 2033, growing at a CAGR of 5.4% during the forecast period (2026–2033).

The Global Algal Pigments Market Market is highly fragmented with the presence of several small and large market players operating all over the world. Major companies of the market are implementing several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio. 'Cyanotech Corporation (United States)', 'BASF SE (Germany) ', 'Chr. Hansen Holding A/S (Denmark) ', 'Algatechnologies Ltd. (Israel) ', 'DIC Corporation (Japan) ', 'Döhler Group (Germany) ', 'Sensient Technologies Corporation (United States) ', 'E.I.D. - Parry (India) Limited (India) ', 'Givaudan S.A. (Switzerland) ', 'Kemin Industries, Inc. (United States) ', 'FMC Corporation (United States) ', 'Naturex SA (France) ', 'Kalsec Inc. (United States) ', 'Royal DSM N.V. (Netherlands) ', 'Far East Flora Holding Pte Ltd (Singapore) ', 'Phycocyanin Technologies LLC (United States) ', 'Algix, LLC (United States) ', 'Heliae Development, LLC (United States) ', 'AlgaeCan Biotech Ltd. (Canada) ', 'Tianjin Norland Biotech Co., Ltd. (China)'

This market growth is attributed to the increasing adoption of algae pigments for therapeutic and nutritional purposes. Strict synthetic paint regulations and dangerous health issues associated with the use of synthetic paints are creating resistance to the use of synthetic paints. The trend to use clean label products is boosting the demand for natural dyes. These factors are driving the demand for algal pigments in the global market.

Market growth is attributed to the increasing adoption of algae pigments for therapeutic and nutritional purposes. Strict synthetic paint regulations and dangerous health issues associated with the use of synthetic paints are creating resistance to the use of synthetic paints. The trend use clean label products growing demand for natural dyes. There is an increasing need to improve the appearance of food, cosmetics and pharmaceuticals.

Europe region is estimated to command the largest share of the global algal pigments market, followed by North America. The large share of this region is mainly attributed to factors such as huge food and beverages industry, strict regulations against the use of synthetic colors, growing health and wellness trends large demand for natural colorants from various end-use industries, the presence of number of algal pigment manufacturers, and growing government focus on algae industry.