Food and Nutrition Products
AlgaPrime™ DHA is a source of omega-3s that helps to address the growing
need for sustainable, omega-3s across a number of applications and markets.
We started by addressing this need and are currently selling AlgaPrime™
DHA into the aquaculture industry, which uses over $3 billion worth of fish
oil as the primary source of omega 3s. Usage of omega-3s in the aquaculture
industry has been growing at a rate of approximately 10% per year over the last
five years. Representing a step change to current industry solutions, our algae
is grown in closed fermentation tanks in just days and offers consistent supply
and quality to customers. The ability to provide supply chain resilience without
the constraints of geography, seasonality and at a scale that is relevant to
meet industry needs, is a solution that we believe can help to offset the depletion
of small marine fish currently used to supply omega-3s. We believe the total
addressable market for our AlgaPrime™ DHA ingredient is in excess of $3.0
billion annually.
AlgaVia® Lipid Whole Algae (commonly known as whole algae flour) is a lipid-rich
ingredient that can replace or reduce dairy fat, egg yolks and oil in recipes
to reduce fat, cholesterol and calories with the added benefits of texture enhancement,
water binding and flavor delivery. This is a new fat source that can enable
the creation of healthier products with taste and texture similar to or better
than foods made with conventional animal or vegetable oils. We believe the total
addressable market for our lipid powders is greater than $2.5 billion annually.
AlgaVia® Protein Rich Whole Algae (commonly known as whole algae protein)
is a vegan protein source that is free from known allergens, gluten-free and
a sustainable source of high quality protein. This ingredient delivers protein
along with a rich collection of fiber, lipids and micronutrients. The protein
present in AlgaVia® protein is protected by the natural cell wall and enables
protein fortification in challenging applications such as low pH beverages,
dressings and crackers. We believe the total addressable market for our protein
powders is greater than $8.0 billion annually.
AlgaWise® Ultra Omega-9 Algae Oil is extremely stable, exhibits a high level
of omega-9 fatty acid and contains one of the lowest levels of saturated fat
and one of the highest levels of monounsaturated fat of any commercially available
oil while having a neutral flavor and high smoke point. This oil provides exceptional
stability in a wide range of applications such as for use in frying, baking,
spreads, coatings, sauces, and dressings. Higher stability leads to lower systems
costs overall and greater simplicity. It can also enable longer shelf life with
fresher tasting products, longer fry life, and less polymerization in frying
and baking.
Thrive® Culinary Algae Oil, launched in 2015, has 75% less saturated fat
than olive oil, contains the highest level of monounsaturated fat and low levels
of saturated fats. This oil is commercially available at select retailers across
the western U.S. and available online through amazon.com
New Products: In addition to our products that are commercially available today,
we have a pipeline of additional products we expect to launch in the food, nutrition
and specialty ingredients markets in 2017 and 2018. Our next available commercial
product is expected to be a new structuring fat, already identified as AlgaWise®
Algae Butter, which is a palm-free, non-hydrogenated solution for bakery, spread
and confectionery applications.
Specialty Ingredients
AlgaPur™ line of algae oils is a range of specialty personal care oils
including Capric, Lauric and Oleic-based oils that have improved characteristics,
such as stability, sensory and hydration for skin and hair benefits. For example,
Unilever is currently using our AlgaPur™ high lauric oil in certain of
its soap brands.