Algarithm ramps up competition in omega-3 market with new partnership
“This new partnership will allow Algarithm to continue our aggressive growth trajectory and further expand new R&D and manufacturing initiatives. While Algarithm is proud and committed to maintaining a vegan-friendly business that produces no animal-derived ingredients, we have long acknowledged that algal Omega-3 ingredients have been built on a knowledge of processing and supply chains established by vegetable and fish oil industries,” said Ben Kelly, President of Algarithm. “As a global leader in the marine omega-3 space, Thai Union has a history and reputation for providing high quality ingredients. This partnership empowers us to leverage scale and quality systems that move us closer to our long-term goals — making sustainable algal Omega-3 ingredients the norm, not the alternative.”
TUI has invested in a new, state of the art omega-3 oil refining factory in Rostock, Germany. In this factory, the latest technology has been installed, allowing the company to produce pure Omega-3 oils.
The partnership not only enables growth in Algarithm’s current categories of supplements, food and beverage, but also enables the company to compete within a new category: infant formula.
As long-term suppliers to the infant formula industry, TUI said that in working with Algarithm, they can continue to offer existing customers as well as new customers a secure and reliable supply chain for safe, sustainable infant formula ingredients.
Last fall, Algarithm and Natures Crops International joined forces to combine regenerative agricultural practices with fish-free DHA to create a sustainable and traceable all-in-one omega-3 solution.