Cyanotech Profits Rise for Natural Astaxanthin, Spirulina
Net sales are up 54% for microalgae supplier Cyanotech Corp. (Kailua-Kona, HI) compared to last year, the company recently announced.
Net sales are up 54% for microalgae supplier Cyanotech Corp. (Kailua-Kona, HI) compared to last year, the company recently announced.
The first quarter of fiscal year 2012 (ending June 30, 2011) brought in $5,950,000 compared to $3,856,000 during the same quarter for fiscal year 2011.
Cyanotech produces BioAstin natural astaxanthin and spirulina in tablets, powders, extracts, and other forms. The company’s improving sales are largely attributed to astaxanthin sales, which are up 97% over the same time frame. Spirulina sales grew by 12%.
“The significant increases in packaged product sales are attributed to our focus on the growing consumer market for health and nutrition supplement products, combined with recent media reports regarding the benefits of both astaxanthin and spirulina,” the company said in a recent press statement.
The Nutritional Outlook Podcast Episode 29: 2024 Ingredients to Watch
January 31st 2024Nutritional Outlook interviews Scott Dicker, market insights director from market researcher SPINS, about ingredients and product categories nutraceutical and nutrition product manufacturers should watch in 2024.
U.S. Hemp Authority announces Adult Use Hemp Product Certification Program
April 15th 2024The U.S. Hemp Authority (USHA) has announced the launch of its Adult Use Hemp Product Certification Program in an effort to “reshape public policy around hemp, and to build confidence among retailers and consumers alike.”
