Algatechnologies ‘aggressively’ exploring other microalgae, says chairman

By Adi Menayang contact

- Last updated on GMT

Algatechnologies is widely known for its astaxanthin ingredient. Is it time to expand to new products?

For the next five years, Algatechnologies​ is aiming to launch a new ingredient once every year, chairman Ed Hofland told NutraIngredients-USA at the SupplySide West 2016 show in Las Vegas.

“I can tell you that in the next two or three months we’re coming up with a new microalga with a new active ingredient on the market,” ​he said.

To accomplish these goals, Hofland said that there have been some changes in the company’s leadership. “We brought on another two or three PhDs in biology for R&D, and we brought back the old CEO Mr. Hagai Stadler,” ​he added.

Fame from AstaPure

The company has long been known for its branded astaxanthin product AstaPure​, which is produced in a closed bioreactor in the Israeli desert. “It’s quite economical, because the sun is providing a lot of the energy—we use photovoltaic as an energy source so it’s a very green energy source,” ​Hofland said.

Astaxanthin for nutraceutical purposes kicked off in Japan, before it moved on to the US and eventually spread globally.Algatechnologies’ biggest markets are the US and Asia Pacific, but according to Hofland, there’s a lot of growth in Europe.

“We’re quite excited about the possibilities we’re having right now,” ​he added.

Related news

Show more

Related products

show more

Pronativ® | An Essential Nutrient-Rich Protein

Pronativ® | An Essential Nutrient-Rich Protein

Lactalis Ingredients | 06-Jul-2020 | Technical / White Paper

Differentiate your protein product with a nutrient-rich protein ingredient.
Pronativ® native whey protein, produced by Lactalis Ingredients, is...

Pycnogenol® Improves Fitness and Muscle Recovery

Pycnogenol® Improves Fitness and Muscle Recovery

Horphag Research | 29-Jun-2020 | Clinical Study

Published studies show daily supplementation of Pycnogenol® is effective in boosting muscle performance, increasing endurance and reducing cramping and...

Botanicals & Immunity: Trends & Research

Botanicals & Immunity: Trends & Research

Layn Natural Ingredients: Innovate With Our Botanical Extracts | 17-Jun-2020 | Research Study

Google Trends shows consumer searches of “Immunity” are up more than 700% in 2020 - and nutraceutical consumers are looking to botanicals. Find out everything...

Optimal Cardiovascular Health Requires Vitamin K2

Optimal Cardiovascular Health Requires Vitamin K2

NattoPharma USA, Inc. | 15-Jun-2020 | Technical / White Paper

In these trying times, general health and basic nutrition are more important than ever. New research now punctuates the importance of securing this healthy...

Related suppliers

Follow us

Products

View more

Webinars