Nutraceuticals: why we love algae
Boosting food supplements and fish feed
- Algae cultivation for use as feed for the fish farming industry
- Compounds also supplied to the food supplements (nutraceuticals) market
- Pilot plant and reference plants have operated for years.
Improve fish nutrition without reliance on ocean-caught fish – meets market demand
As fish farming grows to meet the needs of rising global population there is strong demand for alternative feed, such as algae biomass, to substitute ocean catch. The industry is currently highly dependent on fish meal from ocean-caught fish and algae-derived substitutes are an excellent nutritional alternative but historically they have been too expensive.
Firglas is targeting an attractive unit cost from proven phototrophic and fermentation cultivation systems as well as harvesting methods.
The global market for aquaculture fish feed is expected to be worth $44.7bn per annum by 2023. Algae derived feed is used in seafood hatcheries especially at larvae stage.
Algae is also increasingly recognised as an alternative source of protein and Omega-3, among other nutraceuticals, with a favourable nutritional profile. The global Omega-3 supplements market is expected to reach $57bn by 2025, as improvements in general wellbeing and the standard of living in developing countries fuels the market.
Firglas aims to establish a facility that cultivates algae, to use as feed for the fish farming industry as well as supplying to the food supplements market.