Market trends and increasing consumer interest in natural and healthy products have driven researchers and the industry to develop innovative products featuring functional ingredients. Microalgae are increasingly recognized as a valuable source of such ingredients, offering polyunsaturated fatty acids, polysaccharides, natural pigments, essential minerals, vitamins, enzymes, and bioactive peptides, all of which have positive health benefits.
Omega-3 fatty acids are known for their anti-aging properties and numerous health benefits, including the prevention of heart disease and the promotion of atherosclerosis healing. The primary natural omega-3 fatty acids include linolenic acid, alpha-linolenic acid, eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). While these omega-3 fatty acids are commonly sourced from fish oil, it is believed that the omega-3s in fish oil originate from zooplankton, which feeds on spirulina. Therefore, microalgae are considered one of the best sources of omega-3 fatty acids. The production of algal polyunsaturated fatty acids (PUFAs) is more cost-effective compared to biofuel production, leading several large-scale producers to shift their focus from biofuels to nutritional PUFA production. Spirulina, in particular, stands out as a prominent microalga due to its high content of long-chain polyunsaturated fatty acids, phenolic compounds, volatile compounds, sterols, proteins, amino acids, peptides, vitamins, polysaccharides, and pigments. It contains 15.8% lipids and 4.9% omega-3 fatty acids.
Due to the limitations of fish-derived oil, such as undesirable taste and odor, diminishing supplies, chemical processing methods, and contamination with mercury, dioxins, and polychlorinated biphenyls, omega-3 fatty acids are now being produced from microalgae, specifically spirulina. This provides a source of omega-3 fatty acids that are free from pollution and contaminants.
In June 2024, Brevel, Ltd, a company specializing in microalgae protein, launched its 27,000-square-foot inaugural commercial plant in Israel to cater to the rising demand for alternative proteins.
In July 2023, Zivo Bioscience, Inc. (U.S.), a biotech/agtech R&D firm, announced the commercialization of its proprietary algal biomass for use as a food product or ingredient. Additionally, ZIVO entered into a contract manufacturing agreement with Alimenta Algae SAC to cultivate and process the algal biomass at facilities previously used by ZIVO for development in Peru.
Additionally, in August 2022, Aliga acquired Duplaco B.V. (Netherlands), including its microalgae production facility, product portfolio, and material rights. This acquisition is set to enhance Aliga's production capabilities for algae-based products across dietary supplements, food ingredients, and feed markets.
In June 2021, Allmicroalgae - Natural Products, S.A. (Portugal) formed a partnership with Portugal Foods to bolster and expand its international commercial and industrial network. These developments are anticipated to drive increased global demand for spirulina.
Furthermore, in June 2023, Sophie’s BioNutrients (Singapore) partnered with the Danish Technological Institute (DTI) to develop a chlorella-based ice cream, offering higher levels of B12 and iron compared to most dairy or plant-based alternatives. In April 2023, MiAlgae Ltd (U.K.) introduced NaturAlgae, an omega-3 product designed for aqua feed and pet food. These advancements underscore the growing use of chlorella in diverse food products and animal feed, contributing to an increased demand for microalgae within the food & beverage and animal feed sectors. This trend is expected to drive the microalgae market during the forecast period.
Meticulous Research®, in its latest publication on the Microalgae Market, states that the global Microalgae Market is expected to reach $2.26 billion by 2031 at a CAGR of 8.6% during the forecast period of 2024 to 2031. In terms of volume, the global microalgae market is projected to reach 162,263 tons by 2031, at a CAGR of 7.8% during the forecast period of 2024–2031.
Access Full Report Here @ https://www.meticulousresearch.com/product/microalgae-market-5197
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