Algalif

Overview
Functional Ingredients?
Product stageSegments
Go-to-Market
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Plant-derived additives
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Algalif, founded in 2012 and based in Reykjanesbaer, Iceland, is a leading supplier of high-grade natural astaxanthin products derived from microalgae. The company specializes in the production of natural astaxanthin sourced from the microalga Haematococcus pluvialis. Algalif's product portfolio includes ingredients and finished formulations for the nutraceutical industry, with applications in brain health, eye health, healthy aging, cardiovascular health, muscle endurance/recovery, and skin health. The company employs an indoor production process designed to deliver high yields of premium astaxanthin using pure Icelandic water and renewable energy, emphasizing sustainability in its operations.

In addition to astaxanthin, Algalif has expanded its product line to include a range of immune-health ingredients branded as Nutramunity Beta-Glucan (NBG). These products are intended for use in food, beverages, nutraceuticals, sports nutrition, and personal care products. The company's commitment to quality is evident in its state-of-the-art facility in Iceland, where it produces natural antioxidants with multiple health benefits.

Key customers and partnerships

Algalif has established a presence across North America and Europe, with a sales office in Norway facilitating its international reach. In May 2022, Algalif partnered with Divi's Nutraceuticals to launch AstaBeads, high-concentration astaxanthin beadlets designed for improved stability and bioavailability in various formulations. This collaboration aimed to leverage Algalif's role as a supplier of sustainable, natural astaxanthin products with Divi's expertise in formulating carotenoids and fat-soluble vitamins. The partnership has enabled Algalif to offer new product forms, including beadlets suitable for tablets, hard-gelatin capsules, nutritional bars, and powdered beverages, expanding its potential customer base in the nutraceutical and functional food industries.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Bogatrod 10 Reykjanesbaer Hafnir ISL
Founded year:
2012
Employees:
51-100
IPO status:
Private
Total funding:
USD 81.9 k
Last Funding:
USD 81.9 k (Grant; Jan 2019)
Last valuation:
-
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