Algalif

What Algalif does

Algalif Iceland ehf. is a privately held Icelandic biotechnology company founded in 2012 that produces sustainable natural astaxanthin and other health-promoting microalgae-derived ingredients for global B2B customers. The company cultivates Haematococcus pluvialis in closed photobioreactor systems at its 13,500 m² Ásbrú facility in Reykjanesbær, Iceland, powered entirely by renewable geothermal energy and using pure Icelandic water, achieving Carbon Neutral certification. Extraction is performed using a proprietary solvent-free supercritical CO2 process, yielding astaxanthin oleoresins marketed as Astalíf™ (5%, 10%, 15%, and 20% concentrations), AstaBead™ 5% beadlets, Iceland Harvest™ 8mg bulk softgels for private label, and a Nutramunity™ beta-glucan immune-support ingredient. The company employs approximately 80 staff and recently completed a capacity-tripling expansion.

Algalif operates a B2B ingredient supply model, selling bulk ingredients and private-label finished softgels under multi-year contracts with MOQ requirements to dietary supplement, cosmetics, animal nutrition, and pharmaceutical manufacturers worldwide. Distribution is conducted through a direct sales organization with regional Key Account Managers covering Europe and Asia, supplemented by active participation in industry trade shows (Vitafoods Europe, Vitafoods Asia, SupplySide Global). Pricing is quote-based and not publicly disclosed. The company holds extensive regulatory certifications including cGMP, Novel Food (EU), GRAS (US), Non-GMO, Halal, and Kosher, which serve as a regulatory moat for global market access. In August 2025, Icelandic private equity fund ALDIR I slhf. acquired a 50% stake from founders Kenneth G. Bern and Andres K. Flaaten, and in December 2025 Kári Marís Guðmundsson replaced longtime CEO Orri Björnsson, signaling a transition toward scaling and global commercial execution.

Name

Algalif

Legal name

Algalif Iceland ehf.

Website

https://algalif.is

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Algalif is a privately held Icelandic biotech company that produces sustainable natural astaxanthin ingredients from microalgae for B2B customers in the dietary supplement, cosmetics, animal nutrition, and pharmaceutical industries worldwide.

Ownership category

akta.pro rank

Product category

Nutraceutical Ingredients

SIC

Medicinal Chemicals & Botanical Products (2833), Food And Kindred Products (2000)

akta.pro primary industry

Antioxidants & Phytochemicals (Carotenoids, Tocopherols, Flavonoids, CoQ10, Resveratrol) (AFAJAKAI)

akta.pro secondary industries

Seaweed & Algae Aquaculture (incl. microalgae) (AFAEAAAE), Prebiotics & Dietary Fibers (Inulin, FOS/GOS, Resistant Starch, Beta-Glucan, Psyllium) (AFAJAKAF)

Keywords

• Natural astaxanthin ingredients
• Microalgae cultivation
• Nutraceutical raw materials
• Beta-glucan ingredients
• Private label softgels

Headquarters

HQ city

Hafnir

HQ country

Iceland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Natural Astaxanthin Ingredients: B2B supply of sustainable natural astaxanthin oleoresins (Astalif 5%, 10%, 15%, 20%) and beadlets (AstaBead 5%) to dietary supplement, cosmetics, and functional food manufacturers worldwide
2. Bulk Softgel Products: Private label Iceland Harvest bulk softgels (8mg astaxanthin) for wellness brands; available in fish gelatin or vegetarian capsules with MOQ requirements
3. Nutramunity Beta-Glucan: Beta-glucan ingredient for immune support products available in bulk for private labels and retail

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Algalif is a B2B supplier of sustainable natural astaxanthin ingredients and other health-promoting ingredients produced from microalgae (Haematococcus pluvialis) cultivated in Iceland. The portfolio centers on the Astalíf astaxanthin oleoresin line (5%, 10%, 15%, 20%), AstaBead 5% beadlets, Iceland Harvest bulk softgels (8mg), and Nutramunity beta-glucan, sold to dietary supplement, cosmetics, and functional food manufacturers worldwide.

Product overview

Algalif is a B2B supplier of sustainable natural astaxanthin and health-promoting ingredients produced from microalgae cultivated in Iceland. The product portfolio centers on the Astalíf™ Astaxanthin Oleoresin line (available in 5%, 10%, 15%, and 20% concentrations), supplemented by AstaBead™ 5% beadlets and Iceland Harvest™ bulk softgels at 8mg dosage. The company also offers Nutramunity™ Beta-Glucan as an immune support ingredient. All products are manufactured using 100% renewable geothermal energy and pure Icelandic water, with cGMP compliance and carbon-neutral certification.

Differentiator

Problem solved

Functional benefit

Brands

• Astalif: Astaxanthin Oleoresin available in 5%, 10%, 15%, and 20% concentrations.
• AstaBead
• Iceland Harvest
• Nutramunity

Products and services

• Astalíf™ Astaxanthin Oleoresin A standardized natural astaxanthin oleoresin available in 5%, 10%, 15%, and 20% concentrations, extracted using solvent-free supercritical CO2 technology. Designed for softgel capsules and topical oil-based skincare formulations, sold B2B to dietary supplement and cosmetics manufacturers.
• AstaBead™ Astaxanthin Beadlets Astaxanthin 5% beadlets for tablet and capsule formulations. Provides stable, easy-to-handle astaxanthin for dietary supplement manufacturing, sold in bulk to B2B manufacturers.
• Iceland Harvest™ Bulk Softgels Astaxanthin bulk softgels at 8mg dosage, available in fish gelatin or vegetarian capsule options. Designed for private-label supplement production with MOQ of 96,000 units (fish) or 120,000 units (vegetarian).
• Nutramunity™ Beta-Glucan A natural beta-glucan ingredient that supports the immune system. Available in bulk for private labels and retail purposes, sold B2B to manufacturers of immune support products.

Quantifiable outcome

• Over 100 human clinical trials supporting health benefits
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• EWELD Expo SolutionsminorGTM or Marketing Partner · 1 January 2026Collaboration with EWELD Expo Solutions for design and construction of exhibition stand at Vitafoods Europe 2026, developed with focus on reuse, resource efficiency, and long-term sustainability using 100% reusable and recyclable elements.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cyanotech Corporation: Hawaii-based producer of natural astaxanthin from Haematococcus pluvialis microalgae under the BioAstin brand. Directly comparable as a natural astaxanthin ingredient supplier serving the dietary supplement industry with similar cultivation-based technology.
• AstaReal (Fuji Chemical Industries): Japanese-owned natural astaxanthin producer (formerly part of Fuji Chemical Industries) supplying astaxanthin ingredients for supplements and cosmetics globally. Comparable as a vertically integrated natural astaxanthin B2B supplier with strong clinical backing.
• BGG (Beijing Gingko Group): Chinese producer of natural astaxanthin and other botanical ingredients for the global nutraceutical market. Comparable as a B2B ingredient supplier targeting dietary supplement brands with astaxanthin and related microalgae/botanical extracts.
• INNOBIO Corporation: China-based manufacturer of microalgae-derived ingredients including natural astaxanthin for nutraceutical and functional food applications. Comparable as a microalgae-cultivation-based astaxanthin ingredient producer competing in global B2B channels.

Broad incumbents

• dsm-firmenich: Global nutrition and health ingredient major with a broad carotenoid portfolio and large B2B salesforce. Comparable as a much larger incumbent supplying antioxidant and nutraceutical ingredients to the same dietary supplement and functional food customer base.
• BASF: World's largest chemical company with a significant carotenoid business including synthetic astaxanthin for feed and aqua applications. Comparable as a broad incumbent that competes on price in adjacent astaxanthin end-markets and supplies large ingredient buyers globally.
• Kemin Industries: Privately held ingredient manufacturer serving human/animal nutrition and pet food with antioxidants, carotenoids, and specialty ingredients. Comparable as a B2B ingredient supplier with overlapping nutraceutical and animal nutrition customers.
• ADM (Archer Daniels Midland): Global agribusiness and major nutrition ingredient supplier with extensive plant- and microbe-derived ingredient offerings. Comparable as a broad incumbent supplying natural colors, flavors, and nutritional ingredients to food, beverage, and supplement manufacturers.
• Lallemand: Canadian-headquartered global developer and producer of yeast- and microalgae-based ingredients for human nutrition, animal feed, and aquaculture. Comparable as a microbe/microalgae-based ingredient producer with overlapping nutraceutical and animal nutrition channels.
• Kerry Group: Global taste and nutrition ingredient company serving food, beverage, and supplement manufacturers. Comparable as a broad incumbent offering functional ingredients and premixes that overlap with Algalif's nutraceutical and functional food customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/algalificeland
• LinkedInlinkedin.com/company/algalif

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Algalif