The global nutraceuticals market is expected to grow at a CAGR of 9.3 percent, with the potential to reach a market value of $658.11 billion by 2028. Nutraceuticals refer to medicinally or nutritionally functional consumables that include herbal remedies, nutritional supplements and fortified foods, among many other things. The nutraceuticals market was valued at US$320 billion in 2020 alone.
Among all nutraceutical products, Omega-3 fatty acids products are the most popular around the world. Omega-3 fatty acids have a myriad of potential benefits for human health including reducing the risk of cardiovascular disease, improving brain growth and development, reducing inflammation in the body and reducing the risk of cancer –– just to name a few. Based on these potential benefits, it’s no wonder that the global market for Omega-3 products was valued at US$44 billion in 2020.
Solarvest BioEnergy (TSXV:SVS) is an innovative Canadian technology development company focused on producing a wide range of patented algae-derived products including Omega-3 supplements and therapeutic proteins. The company plans to deliver solutions in human and animal nutrition, prescription and non-prescription medication and derivatives through its proprietary clean energy algal production platform. Solarvest BioEnergy is led by a highly experienced management team with nuanced expertise and a proven track record of achievements in developing commercial biotech products.
Organic Omega: Solarvest BioEnergy’s algal production process allows for replicable, consistent and high-yield concentrations of final products for expedited product development and complex product versatility. It sustainably and efficiently produces organic certified Omega-3 fatty acids with five days of production resulting in tons of biomass. The company has produced the first and only FDA-approved DHA/EPA Organic Omega-3 supplement that is certified organic, vegan, allergen and pollution free, highly bioavailable, sustainable and non-GMO. Solarvest BioEnergy’s key consumer brand is called EverseaTM which brings the company’s first commercialized Organic Omega-3 products to market. The company’s Organic Omega-3 product(s) are plant based (from algae) so completely free of fish, unlike the majority of options in the market. The Organic Omega-3 product(s) is also available on the market white label.
Protein Expression: Solarvest BioEnergy has announced a successful proof of concept study for producing therapeutic proteins from algae. The first protein, bone morphogenetic protein (BMP6) is a highly valuable and complex protein that is used in human medicine to accelerate healing and enhance bone growth. Unlike current market options, the company’s BMP6 is safe as algae are free of any known human pathogens. The company is confident that it can produce other proteins. Solarvest BioEnergy will market its BMP6 and other potential proteins as approved pharmaceutical ingredients to large pharmaceutical companies.
The company has completed a feasibility study and implemented a research and development program to expand its product portfolio to include THC and CBD products. Solarvest BioEnergy believes that it can produce CBD from algae with its SVS algal expression platform. Compared to current CBD production methods, algal-based production will be significantly faster, higher quality, safer and since its produced in sterile bioreactors more controllable when compared to conventional agriculture.
H2 Expression: The company’s proprietary microalgae induction technology converts carbon dioxide and other nutrient waste streams into useful biomass and hydrogen
Solarvest BioEnergy has organized contract manufacturing for the commercial production of its Organic Omega-3 products. The company has secured an organic certified contract manufacturer from a German multi-billion dollar food company. Solarvest is also currently looking into the possibility of domestic production to build out the supply chain from its existing research and development facility in Prince Edward Island in Canada. The company also recently entered into a contract with Canada’s Smartest Kitchen to produce an ingredient blend for the plant-based seafood industry.
Solarvest BioEnergy has already filed 68 patents in commercially relevant markets including Europe, the US, Canada, Japan, China and Australia –– many of which have already been granted. In addition to Eversea’s e-commerce platform, the company plans to pursue a global penetration strategy by making strategic partnerships with organic food processors who to sell into large retailers and e commerce sites. This includes selling their Organic Omega-3 product as an additive or enhancement to organic food products such as dairy goods and smoothies sold by other companies. Given the importance of Omega-3 in brain development in babies and young children, the company will also market to the global infant and baby food segments.
- Solarvest BioEnergy is an innovative Canadian technology development company focused on producing a wide range of patented algae-derived products for human and animal nutrition, prescription and non-prescription medication and derivatives.
- Solarvest BioEnergy’s key consumer brand is called Eversea which brings the company’s first commercialized Organic Omega-3 product to market. The product is the first and only FDA-approved DHA/EPA Organic Omega-3 supplement that is certified organic, vegan, non-toxic, highly bioavailable, sustainable and non-GMO. It will be sold through strategic partnerships and white label selling.
- The company’s proprietary clean microalgae process allows for expedited product development and versatility to produce multiple complex products.
- Solarvest BioEnergy’s production technology successfully produced highly valuable and safe bone morphogenetic protein (BMP).
- The company has a strong market growth strategy. The company plans to expand its product human therapeutic CBD and THC products.
- Solarvest BioEnergy is led by a highly experienced management team with expertise and a proven track record of achievements in developing commercial biotech products.
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