Cyanotech Corporation Overview
Pro stress-test →Cyanotech Corporation is an agricultural company that engages in the production and sale of natural ingredients and dietary supplement products from microalgae for health and wellness markets. The company manufactures natural dietary ingredients and supplements, notably BioAstin Hawaiian Astaxanthin and Hawaiian Spirulina Pacifica, which are produced from microalgae grown at its 96-acre facility in Kona, Hawaii using patented and proprietary technology.
Strategic Profile
Pro stress-test →Cyanotech is a manufacturing company in the medicinal and botanical space that focuses on microalgae-based, high-value nutrition and health dietary supplement products. The company sells its products through distributors, retailers, and online channels; direct to consumers; and in bulk form to manufacturers, formulators, and distributors in the health food, cosmetic manufacturers and nutraceuticals, and dietary supplement markets.
Competitive Landscape
Pro stress-test →Cyanotech competes in the packaged foods/nutraceuticals space with peer companies including Oragin Foods Inc, Star8 Corp, Glucose Health Inc, The Planting Hope Company Inc, and Promino Nutritional Sciences Inc. The company operates in a niche market focused on microalgae-based wellness products with limited direct competitors in this specific category, though broader competition exists from larger nutraceutical and dietary supplement manufacturers.
Industry Context
Cyanotech Corporation operates in Agricultural Biotechnology / Nutraceuticals & Dietary Supplements.
Key facts
Founded: 1983 · Headquarters: Kailua-Kona, Hawaii · Revenue: $24.2M · Market cap: $2.4M