Eco-friendly products and solutions comprise one of the fastest growing businesses worldwide.
Investing in this sector significantly increases the prospects of sustainable, long-term success.
Algae are the starting feedstock for a wide range of such eco-friendly products and solutions
Algae are possibly one of the most useful organisms. In addition to the fact that algae are responsible for consuming most of the CO2 and releasing the most amount of oxygen that keeps us alive, algae are also being used in diverse industries and applications. One of the most important products that can be made from algae is biofuels and there are a number of companies working towards it.
However companies involved in the algae-to-fuels domain have started to realize that it could take much longer than originally expected to derive fuels from algae. Hence, as a starting point, many of these companies are exploring venturing into high value, non fuel products from algae. This allows them to generate profits fairly early into their venture while at the same time ensuring that they are able to continue with their efforts in sustainable fuel production.
Recognizing this trend and need for a comprehensive resource on algae products, Oilgae has come up with this report “Comprehensive Report on Attractive Product Opportunities"
The report provides an overview of the wide range of non-fuel applications of algae – both current and future prospects. It will provide entrepreneurs with an idea of how to derive more benefits from their algal energy ventures.
The price of the Comprehensive Report on Attractive Algae Product Opportunities is - Only (US $375)
50% discount for Students/Researchers and Academicians
| High-value | Medium-High value | Low to Medium value |
|---|---|---|
| Nutraceuticals a) Astaxanthin b) Betacarotene c) Omega-3 fatty acid ( DHA and EPA) d) CoenzymeQ10 | Nutraceuticals Spirulina and Chlorella | Fertilizer and Animal Feed a) Aquaculture feed ( Shrimp feed, Shellfish Feed, Marine Fish Larve cultivation ) b) Animal Feed c) Fertilizer |
| Pharmaceuticals a) Antimicrobials, Antivirals and Antifungals b) Neuroprotective Products | Hydrocolloids - Agar, Alginate, Carrageenan | Substitutes for Synethetics - Biopolymers and Bioplastics - Lubricants |
| Cosmetics a) Anti-cellulite b) Skin Anti-ageing and sensitive skin treatment – Alguronic acid | Chemicals - Paints, Dyes and Colourants | Bioremediation Wastewater treatment and nutrient credits CO2 capture and carbon credits |
If your business belongs to one or more of the following sectors, algae products could prove to be an attractive business opportunity for you
Industries that currently use algae for their products are:
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Chemical Industries Following is the list of companies which can consider using algae as a source for their chemical requirements.
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Algae-based Products Manufacturers Many industries that use algae use primarily the protein component of the algae. For these companies, algae fuel in the form of biodiesel presents an interesting opportunity: these companies can extract the oil (lipid) from algae for biodiesel and can use the deoiled algae cake rich in proteins for their products . For those industries that use the lipids in algae, they can consider using the left-over biomass for producing fuels such as ethanol or other hydrocarbons. |
Cosmetics Manufacturers Algae has become an increasingly important ingredient for a cross-section of cosmetic and personal care ingredients, and is emerging as a segment with several opportunities for development. Cosmetics manufacturers can use algae in their products through three main routes: as raw materials; as bulk extracts for formulation; and as specialised functional ingredients. Each of these is associated with a different size of industry. |
Feed Manufacturers Microalgae are rich in protein and many strains possess a desirable amino acid profile. Many animal and fish feed companies are now beginning to explore algae as a protein source. One of the fastest growing segments of algae applications is the aquaculture. Indeed many fish feed manufacturers are now looking at algae as a source to displace the highly unsustainable protein source fish meal in aquaculture. |
Pharmaceutical Companies The major pharmaceutical compounds from algae which are currently being commercialized or under consideration for commercial extraction include carotenoids, phycobilins, fatty acids, polysaccharides, vitamins, sterols, and biologically active molecules for use in human and animal health.The vast untapped potential of algae in pharmaceuticals provides opportunities for many pharmaceutical companies to develop novel high value products from algae and benefit significantly. |
| Companies Producing Animal Waste Many companies that produce large quantities of animal waste use the waste in digesters to produce methane, which in turn is used as a heating fuel. Using large quantities of methane gives out CO2 which can be used to grow algae. Algae can also grow in the liquid effluents released from the anaerobic digesters. The additional benefit these companies get is that they can use the de-oiled algae meal as animal feed (Pork, Poultry, Meat and Diary) |
Agriculture & Farming
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Sewage and Water Treatment Companies
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Polluting Industries
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Some of the non-fuel products from algae that are detailed in the report include:
| Nutraceuticals | a) Astaxanthin b) Betacarotene c) Poly unsaturated fatty acid (DHA and EPA) d) CoenzymeQ10 |
| Pharmaceuticals | Pharmaceutical proteins , Antimicrobials, Antivirals & Antifungals and Neuroprotective Products |
| Cosmetics | a) Anti-cellulite b) Alguronic acid |
| Hydrocolloids | Agar, Alginate, Carrageenan |
| Biopolymers and Bioplastics from Algae | |
| Animal and Fish | Feed Shrimp Feed, Shellfish Diet, Marine Fish Larvae Cultivation, Livestock Feed |
| Dyes and Colorants from Algae | |
| Chemicals, Lubricants from Algae | |
| Paper from Algae |
Microalgae & Macroalgae
1.1 Introduction
1.2 Microalgae
1.2.1 Composition of Microalgae
1.2.2 Microalgae and Cyanobacteria Products
1.3 Macroalgae
1.3.1 Composition of Macroalgae.
1.3.2 Products from Macroalgae
1.4 Comparison between Macroalgae and Microalgae
Algae Cultivation
2.1 Introduction & Concepts
2.2 Macroalgae Cultivation
2.2.1 Macroalgae Cultivation Systems
2.2.2 Feasibility of Cultivating Macroalgae on a Large Scale
2.3 Microalgae Cultivation
2.3.1 Algae Cultivation in Various Scales
2.3.1.1 Algae Cultivation in Lab Scale
2.3.1.2 Algae Cultivation on a Commercial Scale
2.3.2 Algae Cultivation – Factoids
2.3.3 Algae Cultivation Challenges & Efforts
Industries with Synergistic Benefits from Algae Energy Opportunities
- Algae are possibly one of the most useful organisms. In addition to the fact that algae are responsible for consuming most of the CO2 and releasing the most amount of oxygen that keeps us alive, algae are also being used in diverse industries and applications.
- It has been estimated that between 200,000 and 800,000 species of microalgae exist, of which approximately 50,000 species have been described.
- Over 15,000 individual compounds have been identified in microalgae masses are believed to be responsible for producing numerous useful products
- A plethora of products can be derived from algae starting from biofuels to cosmetics.
- Several high-value microalgae products are already well established in the market place and there are clear opportunities for additional new products.
- Around 35,000 tons of microalgal dry mass are processed in the three market segments, “diet”, “food”, “cosmetics”. More than 85 percent of biomass is used in the application areas “functionalised foods” and “food supplements”.
- Aquaculture is the fastest growing segment increasing at a compound annual growth rate of about 10%. Aquaculture represents 45% of the total seafood market and is expected to reach 55% by 2025, representing a market size of over US$120 billion.
- Carrageenan, extracted from red seaweeds is used mainly in poultry and meat industry due to its water holding capacity and other properties.The global carrageenan market was worth about US$930 million as of 2019. Carrageenan has around 14% share of the global food & beverage hydrocolloids market.
- The current wholesale market price for algae omega-3 oil is about US$ 150/kg which is higher than the pricing for fish oil derived products. The total market for Omega-3 fatty acids was about $4.01 billion in 2019, of which about $1300 million was for Omega-3 fatty acids from algae. The total market for omega-3 fatty acids is expected to grow at a CAGR of almost 13.1% during the 2019-2025 period, while the algae omega-3 fatty acids market is expected to reach US$ 1.8 billion per annum by 2024, growing at a CAGR of 7.5% during 2019-24.
- Although around 50% of the astaxanthin market consumes synthetically derived astaxanthin, consumer demand for natural products makes the synthetic pigments much less desirable and provides an opportunity for the production of natural astaxanthin by Haematococcus.
- Some of the top players such as Asta Real and Fuji Health have doubled its production capacity recently owing to the increasing demand of astaxanthin.
- Lutein is a carotenoid extracted from algae, which is receiving increased interest because of its potential role in preventing the onset of age-related macular degeneration (AMD) in the growing aging population. The market value in 2019 was estimated at US$290 million. It is estimated to reach US$460 million by 2027, growing at a CAGR of about 5.9%.
- Many chemically unique compounds of marine algae with antimicrobial activity have been isolated and a number of them are under investigation and/or are being developed as new pharmaceuticals
- In cosmetics, algae act as thickening agents, water-binding agents, and antioxidants. Carrageenans are extracted from red algae, and alginates from the brown algae. Other forms of algae, such as Irish moss, contain proteins, vitamin A, sugar, starch, vitamin B1, iron, sodium, phosphorus, magnesium, copper and calcium. These are all beneficial for skin, either as emollients or antioxidants.
- Algae based carbon capture is still in its infancy, as investors and engineers continue to develop the financing and technological wherewithal to plan the long-term feasibility of this technology.
- Using algae for waste water treatment has been shown to be a more cost effective way to reduce biochemical oxygen demand, pathogens, phosphorus and nitrogen than activated sludge
- The production of industrial chemicals from microalgae is still in its infancy, with many more breakthroughs still to come.
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