Marigot

What Marigot does

Marigot Ltd., founded in 1993 and headquartered in Carrigaline, County Cork, Ireland, develops and supplies the Aquamin range of marine multi-mineral ingredients. The portfolio is built on two natural raw-material streams: calcareous marine algae (Lithothamnion sp.) harvested under license from the North Atlantic seabed off Iceland, and seawater for magnesium extraction. Products include the calcium multimineral family (Aquamin F, AG, TG, S, and Soluble variants, with the base grade carrying 32% minimum calcium plus 72 trace minerals) and the marine magnesium family (Aquamin Mg AG, Mg TG, and Mg Soluble, the soluble form being magnesium citrate derived from seawater-extracted magnesium oxide). Marigot invests 5–10% of annual sales turnover in research and has accumulated over 40 peer-reviewed publications substantiating efficacy across bone, gut, joint, cognitive, and sports-health applications.

The commercial model is exclusively B2B ingredient supply, with no consumer-facing brand and no disclosed pricing. Marigot sells through appointed distribution partners in more than 40 countries, with formally appointed exclusive distributors in India (Inhalation Health Pvt. Ltd.), Indonesia (Bangja Intii), and China (Toong Yeuan). End customers include food, beverage, nutraceutical, and dietary supplement manufacturers — characterised in company material as "leading blue-chip feed and food producers" — along with animal-health and plant-health segments. The product positioning rests on a layered regulatory stack (US FDA GRAS, FSSC 22000, Kosher, Halal, EU health certification, organic, non-GMO, vegan, allergen-free) and published bioavailability advantages over rock-based and synthetic mineral alternatives, particularly in plant-milk fortification and gut-health formulations.

Marigot has no disclosed parent company, no institutional external investment, and no public financials. The company is founder-led (Les Auchincloss, previously founder and major shareholder of Biocon Limited before its acquisition by Unilever's Quest Division in 1989) and operates with a horizontal segmentation across three application areas: human nutrition (primary), animal health, and plant health. Strategic activity in the period covered is concentrated on geographic expansion into Asia and on diversification of the product range into soluble and low-pH beverage applications.

Name

Marigot

Legal name

Marigot Ltd.

Website

https://aquamin.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

Marigot Ltd., trading as Aquamin, is an Ireland-based B2B ingredient supplier producing marine multi-mineral complexes from Lithothamnion seaweed and seawater-derived magnesium for food, beverage, nutraceutical, animal health, and plant health manufacturers worldwide through a 40+ country distributor network.

Ownership category

akta.pro rank

Product category

Marine Mineral Ingredients

NAICS

Medicinal and Botanical Manufacturing (325411)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Natural Extracts & Botanical Concentrates for Beverages (herbal, spice, aromatic extracts) (AFAFAGAJ)

akta.pro secondary industry

Phytogenics & Botanicals (Essential Oils, Plant Extracts) (AFADAKAF)

Keywords

• Marine mineral ingredients
• Calcium supplements
• Magnesium supplements
• Nutraceutical ingredients
• Food fortification

Headquarters

HQ city

Carrigaline

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Marine Mineral Ingredients B2B Sales: Marigot supplies Aquamin branded marine minerals as ingredients to food, nutraceutical, and dietary supplement manufacturers globally. Products are sold in over 40 countries through exclusively appointed distribution partners. The company can count some of the world's leading blue-chip feed and food producers as its valued customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Marigot Ltd. (trading as Aquamin and Celtic Sea Minerals) manufactures and supplies the Aquamin branded range of marine mineral ingredients sourced from Lithothamnion seaweed harvested off Iceland and from seawater. Products include calcium-rich multimineral complexes (Aquamin F, AG, TG, S, Soluble) and seawater-derived magnesium grades (Mg AG, Mg TG, Mg Soluble) sold to food, beverage, nutraceutical, dietary supplement, animal health, and plant health manufacturers in over 40 countries through appointed distribution partners.

Product overview

Marigot Ltd. (trading as Aquamin) supplies the Aquamin branded range of marine minerals derived from two sources: Marine Plant (Lithothamnion seaweed harvested from the North Atlantic) and Seawater. The Aquamin seaweed-derived multimineral complex products (Aquamin F, AG, TG, S, and Soluble variants) provide calcium-rich multi-mineral complexes containing 72 trace minerals for gut health, bone health, and digestive health applications. The Aquamin Mg products (Mg AG, Mg TG, Mg Soluble variants) provide seawater-derived magnesium supplements with different formulations for various application requirements. All products are evidence-based ingredients for use in food, beverage, and dietary supplement formulations, sold in over 40 countries through appointed distribution partners.

Differentiator

Problem solved

Functional benefit

Brands

• Aquamin: Marine mineral brand providing multi-mineral complexes derived from Lithothamnion seaweed and seawater magnesium for human food and nutrition applications. Product range includes Aquamin F, Aquamin AG, Aquamin TG, Aquamin S, Aquamin Soluble, Aquamin Mg AG, Aquamin Mg TG, and Aquamin Mg Soluble.

Products and services

• Aquamin F Natural multimineral complex sourced from calcareous marine algae (Lithothamnion sp.) harvested from the North Atlantic seabed. Contains 32% minimum calcium with 72 trace minerals. Used in food, nutraceuticals, and dietary supplements.
• Aquamin AG Aquamin multimineral complex with Arabic gum added for improved functionality. Dispersible in colloidal suspensions, stable in neutral or alkali medium. Designed for use in foods such as rice and soya beverages.
• Aquamin TG Aquamin multimineral complex with unmodified maize (corn) starch as a granulating agent. Designed for use in dietary supplements.
• Aquamin S Acid-soluble form of Aquamin treated with organic acids. Contains 17% minimum calcium. Designed for low pH (3.0-6.0) food products including juice-based beverages, fruit preparations, yoghurts, smoothies, and frozen desserts.
• Aquamin Soluble Water-soluble form of Aquamin treated with organic acids. Contains 12% minimum calcium. Recommended for low pH beverages, isotonic drinks, still and carbonated beverages, and powder mixes.
• Aquamin Mg AG Magnesium supplement derived from seawater with Arabic gum added for improved flowability and compression properties. Contains 33% minimum magnesium. For use in food, nutraceuticals, and dietary supplements.
• Aquamin Mg TG Magnesium supplement derived from seawater with unmodified maize (corn) starch as a granulating agent. Contains 33% minimum magnesium. For use in food, nutraceuticals, and dietary supplements.
• Aquamin Mg Soluble Magnesium Citrate based mineral source produced by reacting Magnesium Oxide (derived from seawater) with Citric Acid. Contains 10-12% magnesium. Soluble in aqueous systems for use in low pH beverages, nutraceuticals, and dietary supplements.

Quantifiable outcome

• Aquamin Mg exhibited higher solubility in water and in absence/presence of food compared to commercial magnesium bisglycinates (PrizMag and Monarch Nutraceuticals)
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Inhalation Health Pvt. Ltd.coreChannel Partner/ Reseller/ Distributor · 1 February 2025After a very successful Vitafoods India 2025, Inhalation Health Pvt. Ltd. were appointed as exclusive distributors for all Aquamin grades throughout India. The partnership aims to offer Indian businesses an opportunity to partner with Marigot in providing Marine Minerals for Health.
• Bangja IntiiminorChannel Partner/ Reseller/ DistributorLocal distributor for Marigot at FI Asia Jakarta 2022 exhibition and regional Indonesia market coverage.
• Toong YeuanminorChannel Partner/ Reseller/ DistributorPartner stand at FIC Shanghai March 17th-19th for China market exhibition presence.
• Global Prebiotic Association (GPA)minorOthersMarigot Ltd. is a member of the Global Prebiotic Association, which raises awareness of the emerging and distinct health benefits of prebiotics. Supports the company's positioning around Aquamin's prebiotic properties.
• SEDEXminorOthersMarigot is a member of SEDEX, one of the world's leading ethical trade service providers working to improve working conditions in global supply chains. SEDEX oversees SMETA, a globally recognised audit procedure for responsible business.
• Leading Academic Institutions and Clinical CenterscoreStrategic or Co-development PartnerMarigot works with leading academic institutions and clinical centres of excellence including University of Michigan Medical School for research on gut health, ulcerative colitis, and fatty liver disease. The collaboration has produced multiple peer-reviewed publications on Aquamin's health benefits.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• AlgaeCal: AlgaeCal produces plant-based calcium supplements derived from marine algae (Lithothamnion), directly competing with Marigot's Aquamin in the algae-derived calcium category for bone-health applications.
• Jungbunzlauer: Jungbunzlauer supplies mineral-based ingredients (citrates, lactates, gluconates) to the food, beverage, and nutraceutical industries, directly competing with Marigot's Aquamin mineral portfolio in B2B fortification applications.
• Dr. Paul Lohmann: Dr. Paul Lohmann is a specialty producer of mineral salts for food, pharmaceutical, and nutraceutical applications, competing with Marigot in the premium functional calcium and magnesium ingredient market.
• Gadot Biochemical: Gadot Biochemical supplies mineral ingredients (calcium, magnesium, zinc salts) to the food supplement and nutraceutical industries, competing with Marigot in B2B mineral fortification and supplement formulation.

Broad incumbents

• Balchem Corporation: Balchem is a specialty ingredient manufacturer supplying mineral and functional ingredients to human nutrition, animal health, and food markets — overlapping with Marigot's portfolio across both human and animal health segments.
• dsm-firmenich: dsm-firmenich is a global leader in nutrition, health, and beauty ingredients including a broad mineral and botanical portfolio for food, beverage, and supplement customers — competing with Marigot at the high end of B2B ingredient supply.
• Corbion: Corbion produces sustainable algae-based ingredients and mineral solutions for food and nutraceutical markets, with overlapping capabilities in plant-based mineral fortification and functional nutrition.
• Glanbia Nutritionals: Glanbia Nutritionals supplies a broad portfolio of functional ingredients including minerals, proteins, and prebiotics to food, beverage, and supplement manufacturers globally — overlapping with Marigot's fortification and gut-health positioning.
• ADM (Archer Daniels Midland): ADM is a global leader in human and animal nutrition, supplying a broad ingredient portfolio including minerals and botanical extracts to CPG and supplement customers — competing with Marigot at scale in B2B nutrition.
• BASF Nutrition & Health: BASF's Nutrition & Health division supplies vitamins, carotenoids, and mineral ingredients to food, beverage, and supplement manufacturers globally — a broad incumbent that overlaps with Marigot in premium mineral fortification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC7NqDFNWHQbV4RnKIOXoELQ

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 Marigot