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Algal Pigments Market Share

Report ID: GMI6365
Published Date: Aug 2023
Report Format: PDF

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Algal Pigments Market Share

Some of the notable companies in the algal pigments market are:

BASF SE
Chr. Hansen Holding A/S
Cyanotech Corporation
DDW The Color House
DIC Corporation
E.I.D. - Parry (India) Limited
Naturex (part of Givaudan)
Sensient Technologies Corporation
FMC Corporation
aDöhler GmbH.

These companies concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of algal pigments was reached USD 348 million in 2022 and is anticipated to grow rapidly at 7.4% CAGR over 2023-2032, driven by the increasing focus on sustainability and environmental concerns.

The powder algal pigments market share was 60% in 2022, due to its versatility and ease of use. Algal pigments in powder form offer extended shelf life and improved stability.

North America market accounted for more that USD 115 million in 2022, owing to the presence of key players in the region, along with ongoing R&D activities.

BASF SE, Chr. Hansen Holding A/S, Cyanotech Corporation, DDW The Color House, DIC Corporation, E.I.D. - Parry (India) Limited, Naturex S.A. (Part of Givaudan), Sensient Technologies Corporation, FMC Corporation, and Döhler GmbH.