Acquisition of Terravia by Corbion Will Encourage Market Growth
Corbion, Dutch food and biochemical company, headquartered in Amsterdam, Netherlands, confirmed the acquisition of considerably all possessions of TerraVia Holdings ("TerraVia"). An extensive and diverse platform centered on advanced food and specialty ingredients derived from microalgae. The acquisition is likely to propel growth of the microalgae food market. Moreover, the launch of all-natural algae complex by leading market players is also contributing significantly to growth in the microalgae food market revenue. For instance, Algatechnologies, a leading microalgae cultivation company based in Israeli, launched an all-natural, algae complex, called AstaPure Arava. The product can be used to produce energy bars as well as other products that can be combined with powder. This factor is likely to fuel demand among consumers which in turn will boost the global microalgae food market.
Presence of Anti-oxidant in Microalgae Food Will Fuel Demand
Rising global population has resulted in the high demand for sustainable, and affordable nutrient-rich food to feed the growing population which in turn will add to the microalgae food shares. According to the National Center for Biotechnology Information (NCBI), by 2050, algae may account for 18% of protein sources across the more diverse world market. Spirulina and Chlorella are the two major strains of microalgae that have terrific anti-oxidant properties and thus are utilized in the production of microalgae food. Presence of enzymes, carbohydrates, fiber, vitamins and protein in microalgae is a factor contributing to microalgae food revenue. Microalgae are used as an essential food ingredient in the food & beverage industry, especially in developing nations such as Japan, China, South Korea, Indonesia, and others. Rising adoption of microalgae as supplements or natural colorants in various food products including, snack bars, pizza, drinks, and others is predicted to encourage the of microalgae food growth. In addition, increasing health awareness among people is expected to fuel demand for the consumption of dietary or health supplements made up of microalgae biomass which will, in turn, boost the global microalgae food market during the forecast period.