Microalgae are considered one of the most auspicious sustainable sources of food ingredients. Photoautotrophic microalgae have a higher growth efficiency compared to conventional crops, do not need arable land, and substantially contribute to capturing atmospheric CO2. Microalgae are most growing trend in terms of Nutraceuticals, food supplements, cosmetics, food ingredients, pet food and aquaculture feed with existing markets. Bio plastic, chemicals, lubricants, bio fertilizers, and bio fuels are also at various stages of development.
The following are main categories emerging into human nutrition using Micro Algae
Green food supplements also known as veggie blends or green supplements are compacted and distilled form of vegetables, fruits, algae and grasses in a powder form. Green food supplements are an alternative form of herbs, fruits, vegetables and other nutritional herbs, containing concentrated form of vitamins, minerals, fibers and phytonutrients beneficial for the human body in a variety of ways.
The green powder market is expected to reach US$ 397.78 million by 2027 from US$ 196.56 million in 2018. The market is estimated to grow with a CAGR of 8.3 % from 2019 to 2027.
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Spirulina - We can provide the technology to enhance the much needed phyto pigments levels compared to the available Spirulina in the Nutraceuticals segment.
Spirulina market size & forecast - According to the report, the global Spirulina market garnered $346 million in 2018 and is anticipated to hit $779 million by 2026, growing at
CAGR of 10.6% during the forecast period, 2019–2026.
Chlorella - Global chlorella powder ingredient market was valued at $423.7 million in 2018, and is further expected to generate revenue of $1,106.8 million by 2024, exhibiting a CAGR of 16.5% during the forecast period (2019-2024).
Having the technology to enhance the Chlorophyll and the CGF levels in Chlorella.
Omega 3 Fatty Acid -Omega 3 - Essential fatty acids are classified as Docosahexaenoic acid (DHA) and Eicosapentaenoic acid (EPA). EPA & DHA are long chain Poly-Unsaturated Fatty Acids (LCPUFA). these polyunsaturated fats play a very important role in the function of our bodies and have been shown to be important in maintaining brain, retina and cardiovascular health.
Our expertise in producing Omega 3 with EPA and DHA blend together from single algal source.
The global omega 3 market size was estimated at USD 2.49 billion in 2019 and is expected to reach USD 2.67 billion in 2020. The omega 3 market is expected to grow at a CAGR of 7.7% from 2020 to 2027 to reach USD 4.50 billion by 2027.
Carotenoids are organic pigments that are found in various plants & organisms. These products act as antioxidants and protect the body against chronic diseases, cellular damage, and the effects of aging. Increasing usage of this product in dietary supplements on account of growing health issues will drive market demand.
Although Beta carotene market is dominated by synthetic version, there is a limited source of natural beta carotene available in the market. Out of the two natural source of beta carotene the algal source of Dunaliella beta carotene has the better isomers of 9 cis Contains Beta carotene, alpha carotene, other minor carotenoids such as crypto xanthin. The cis form of beta carotene is found to act as a good antioxidant when compared to trans form when compared the fungal source of Blakeslea trispora.
Market size -The global carotenoids market was valued at $1,577 million in 2017 and is projected to reach $2,098 million by 2025, registering a CAGR of 3.6% from 2018 to 2025. In 2017, the animal feed segment accounted for about two-fifths share of the global market in terms of value.
The beta-carotene segment is estimated to reach $313.04 million by 2025 at a CAGR of 5.2%. The Astaxanthin and capsanthin segments collectively accounted for about 46.6% share in 2017, with the former constituting around 25.2% share. The beta-carotene and lycopene segments are expected to witness growth at a CAGR of 5.2% and 4.3% respectively, during the forecast period. The cumulative share of these two segments was 20.0% in 2017, and is anticipated to reach 22.1% by 2025.
The immune system is the body's ultimate defense against infectious agents such as bacteria and viruses. The immune system is complex, containing many interacting blood cells, proteins and chemicals. A healthy immune system contains elements that are in balance with one another. In a compromised immune system, the components are unbalanced and unable to protect the body against harmful agents or processes.
Market size - The global immune health supplements market size was valued at USD 16.32 billion in 2019 and is projected to reach USD 29.40 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period.