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- Microalgae for pigments and cosmeticsPublication . Caetano, Nídia S.; Corrêa, Priscila S.; Morais Júnior, Wilson G. de; Oliveira, Gisela M.; Martins, Antonio A.A.; Branco-Vieira, Monique; Mata, Teresa M.Microalgae are among the most promising cell factories of the near future. Their renewable nature, and ability to rely on photosynthesis to use CO2 or nutrients from wastewater to grow and multiply, make them an emergent source of valuable natural compounds. Although in the past, a few of these microalgae have been known for their value as a source of proteins, carbohydrates, exopolysaccharides, polyunsaturated fatty acids, omega 3 and omega 6 fatty acids, recently they have also been found increasingly important sources of more valuable compounds such as carotenoids, of which astaxanthin, lutein and β-carotene are of extreme importance in food, feed and cosmeceutical industries, and phycobiliproteins, chlorophylls, that are finding their place in the commercial market. There are still various challenges to be addressed to make sustainable the production of some of these valuable bioproducts. However, the circular economy and the biorefinery approach are at the center of the whole process to make the microalgae-based industry one of the most dynamic, modern and profitable industries. In this chapter it will be presented the potential microalgae sources of these valuable compounds, existing industrial applications, as well as the major ongoing research projects, and their contribution driving the blue bioeconomy.