Microalgae Market and Application Outlook

Transcription

1 Microalgae Market and Application Outlook Date: 19/4/2011 By Philippe Tramoy Copyright 2011 CBDM.T SARL. All rights reserved. Any unauthorized use or disclosure is prohibited. The information herein was obtained from various sources; we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to specific investment objectives, financial situations and the particular needs of any particular person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment and trading strategies discussed or recommended in this report and should understand that the statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures contracts. CBDM.T SARL accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of or in any way connected with the use of all or any part of this report. CBDM.T SARL does not have long or short position in any securities or options of this issue(s).

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3 Philippe Tramoy Philippe Tramoy is a market and business intelligence expert and has a background in conducting Research and Business Development projects. He holds a Masters in Finance, a Masters in Intelligence Marketing, an MSc in Biochemistry and an MSc in Genetics & Immunology. In 2000, he joined Rhodia Chirex as Europe Business Development Manager for biotechnology and biopharmaceutical companies. In 2004, he founded CBDMT Market & Business Intelligence. CBDM.T is a market and business intelligence company with offices in France, Switzerland and Israel. As an advisory services company, CBDM.T boosts companies to develop revenue and growth by providing business and marketing services in the life science and biotech markets (market surveys, market scouting, business development and strategic supports). Copyright 2011 CBDM.T SARL This Report is published by CBDM.T Market and Business Intelligence SARL. Reproduction or redistribution of this report in any form for any purpose is expressly prohibited without the prior consent of CBDM.T SARL. CBDM.T accepts no liability for the accuracy or completeness of the information, advice or comment contained in this report, nor for any actions taken in reliance thereon. While information, advice or comment is believed to be correct at the time of publication, no responsibility can be accepted by CBDM.T for its completeness or accuracy. CBDMT Market & Business Intelligence /209

4 Table of Content Preamble Executive Summary Generalities Definition Characteristics History Production technologies Open Ponds Photobioreactors (PBR) Fermentation Process Harvesting of microalgae Analysis Microalgae Spirulina Generalities Production Products Applications Market Crypthecodinium cohnii Generalities Production Products Applications Market Chlorella Generalities Production Products CBDMT Market & Business Intelligence /209

5 3.3.4 Applications Market Dunaliella salina Generalities Production Products Applications Market Ulkenia sp Generalities Production Products Applications Market Haematococcus pluvialis Generalities Production Products Applications Market Schizochytrium Generalities Production Products Applications Market Aphanizomenon flos-aquae Generalities Production Products Applications Market CBDMT Market & Business Intelligence /209

6 3.9 Euglena Generalities Production Products Applications Market Odontella aurita Generalities Production Products Applications Market Others microalgae Nostoc Porphyridium cruentum Global market analysis by microalgae By products Whole-cell microalgae biomass Microalgae extracts Carotenoids Phycobiliproteins Antioxidants Applications Food Functional food Dietary supplements Feed Used Species Products Cosmetics Players Market CBDMT Market & Business Intelligence /209

7 5.4 Research Applications in development Energy Transport biofuels Biogas Market value Environment Water treatment and Soil Detoxification Carbon capture New products in development and innovations Evolution of the research on microalgae Pharmaceuticals Materials Microalgae Market Players Spirulina key players Chlorella key players Dunaliella key players Haematococcus key players Key players profiles Cyanotech Profile Company Information Company Overview Patents, Trademarks and Licenses Research and Development Products and Markets Production Sales and production by products Major Customers Alliance and collaboration Earthrise Nutritionals LLC Company Information Company Overview CBDMT Market & Business Intelligence /209

8 9.2.3 Patents, Trademarks and Licenses Products and Markets Production Sales and production by products Alliance and collaboration Martek Profile Company Information Company Overview Patents Research and Development Products and Markets Production Sales by products Major Customers Alliance, collaboration and licensing Roquette Profile Company Information Company Overview Patents, Trademarks and Licenses Research and Development Products and Markets Production Sales and production by products Alliance and collaboration Sapphire Energy Profile Company Information Company Overview Patents Research and Development Products and Market Production Alliance and collaboration CBDMT Market & Business Intelligence /209

9 9.6 Seambiotic Ltd. Profile Company Information Company Overview Patents, Trademarks and Licenses Research and Development Products and Markets Production Alliance and collaboration Solazyme Profile Company Information Company Overview Patents, Trademarks and Licenses Research and Development Products Production Alliance and collaboration Soliance Profile Company Information Company Overview Patents, Trademarks and Licenses Research and Development Products and Markets Production Alliance and collaboration BFS bio fuel systems Profile Company Information Company Overview Patents, Trademarks and Licenses Research and Development Products Production Fuji chemicals CBDMT Market & Business Intelligence /209

10 Company Information Company Overview Patent, Trademarks and Licenses Products and Markets Production EID Parry (India) Company Information Company Overview Research and development Patent, Trademarks and Licenses Products and markets Production and Sales Alliance and Collaboration Cognis Company Information Company Overview Products and markets Production Prize Awarded CBDMT Market & Business Intelligence /209

11 List of Figures Figure 1: Microalgae classification Figure 2: Conditions of alga growth Figure 3: Annual average sunshine map Figure 4: Open ponds raceways Figure 5: Earthrise Farms microalgal production process Figure 6: Different types of open ponds Figure 7: Different types of PBRs Figure 8: Different PBR models Figure 9: Cyanotech process for drying microalgae biomass Figure 10: Biomass production by microalgae Figure 11: Spirulina cells Figure 12: Evolution of the global production of Spirulina (dry biomass) Figure 13: Production of Spirulina by continent Figure 14: Utilization of Spirulina biomass Figure 15: Whole Spirulina biomass production used by application Figure 16: Spirulina biomass production for extraction used by application Figure 17: Volume of consumed Spirulina by application Figure 18: Percentage of the Spirulina sales by type of biomass uses Figure 19: Spirulina turnover by application Figure 20: Spirulina key players and market share Figure 21: Crypthcodinium cells Figure 22: Consumption of Crypthecodinium cohnii biomass by application Figure 23: Spirulina turnover by application Figure 25: Utilization of Chlorella biomass Figure 24: Chlorella cells Figure 26: Chlorella production repartition by countries Figure 27: Chlorella production by application Figure 28: Chlorella turnover by application Figure 29: Chlorella key players Figure 30: Utilization of Dunaliella biomass Figure 31: Dunaliella production by country Figure 32: Whole Dunaliella biomass by application Figure 33: Dunaliella biomass for extraction used by application Figure 34: Dunaliella production by application Figure 35: Dunaliella turnover by types of biomass uses Figure 36: Dunaliella turnover by application Figure 37: Dunaliella key players Figure 38: Schematic overview of the fermentation process of Ulkenia DHA oil Figure 39: Ulkenia biomass production by application CBDMT Market & Business Intelligence /209

12 Figure 40: Ulkenia turnover by application Figure 41: Culture ponds (500,000 liters) at Cyanotech Corporation (HI, USA) Figure 42: Utilization of Haematococcus biomass Figure 43: Haematococcus biomass for extraction used by application Figure 44: Haematococcus turnover by application Figure 45: Haematococcus key players Figure 46: Schizochytrium biomass for extraction used by application Figure 47: Schizochytrium turnover by application Figure 48: Aphanizomenon production by application Figure 49: Aphanizomenon turnover by application Figure 50: Utilization of Euglena biomass Figure 51: Whole Euglena biomass by application Figure 52: Euglena biomass for extraction by application Figure 53: Euglena production by application Figure 54: Percentage of Euglena sales by type of biomass uses Figure 55: Euglena turnover by application Figure 56: Odontella production by application Figure 57: Odontella turnover by application Figure 58: Microalgae sales by type of microalgae (2009) Figure 59: Percentage of the total microalgae production dedicated to extraction and biomass productions (2009) Figure 60: Percentage of the microalgae biomass sales by market application (2009) Figure 61: Percentage of microalgae extracts sales by market application (2009) Figure 62: Flow chart of production and utilization of Dunaliella Figure 63: Typical process flowsheet for the commercial production of natural astaxanthin by Haematococcus Figure 64: Docosahexaenoic acid C22:6(n-3) formula Figure 65: DHA production by microalgae Figure 66: DHA turnover by application Figure 67: Total microalgae production by applications Figure 68: Microalgae producers turnover by application Figure 69: Biomass for functional food by microalgae Figure 70: Turnover for functional food by microalgae Figure 71: Biomass for dietary supplements by microalgae Figure 72: Turnover for dietary supplements by microalgae Figure 73: Biomass for feed by microalgae Figure 74: Turnover for feed by microalgae Figure 75: Biomass for cosmetic by microalgae Figure 76: Turnover for cosmetic by microalgae Figure 77: World transport biofuel production between 1975 and Figure 78: Nationality of companies which work on the production of microalgae biofuel Figure 79: Date of creation of algal biofuel companies Figure 80: Companies classified by technologies CBDMT Market & Business Intelligence /209

13 Figure 81: Three generations of bioethanol development Figure 82: Trans-esterification of oil to biodiesel Figure 83: Expected trends of new car sales between 2000 and Figure 84: Annual investment in algal biofuel Figure 85: Number of scientific articles on microalgae since Figure 86: Evolution of articles about chlorella, spirulina, dunaliella and heamatococcus since Figure 87: Number of patents for Spirulina and chlorella since Figure 88: Global distribution of different organizations Figure 89: Worldwide repartition of companies Figure 90: Worldwide repartition of research laboratories CBDMT Market & Business Intelligence /209

14 List of Tables Table 1: Advantages and disadvantages of various algal culture techniques Table 2: Description of the different types of PBR Table 3: Comparison of the 2 main production systems (adapted from: Pulz 2001) Table 4: Photosynthetic efficiency and productivity of open ponds Table 5: Photosynthetic efficiency and productivity of Photobioreactor Table 6: Production costs of algal biomass in raceway ponds Table 7: Production costs of algal biomass in photobioreactors Table 8: Production of main species of microalgae Table 9: Spirulina production by countries Table 10: Top 5 Spirulina producers Table 11: Marketed products with or from Spirulina Table 12: Nutritional content in Spirulina Table 13: Spirulina in food segmentation Table 14: Spirulina in dietary supplement segmentation Table 15: Segmentation of cosmetics market Table 16: Marketed products with or from Crypthecodinium cohnii Table 17: Top 5 Chlorella producers Table 18: Marketed products with or from Chlorella Table 19: Chlorella in food segmentation Table 20: Chlorella in cosmetic segmentation Table 21: Marketed products with or from Dunaliella Table 22: Dunaliella in dietary supplement segmentation Table 23: Marketed products with or from Ulkenia sp Table 24: Marketed products with or from Haematococcus Table 25: Marketed products with or from Schizochytrium Table 26: Marketed products with or from Aphanizomenon flos-aquae Table 27: Marketed products with or from Euglena Table 28: Euglena in food segmentation Table 29: Marketed products with or from Odontella Table 30: Microalgae market sales by microalgae (2009) Table 31: Microalgae value chain and market size by level from producer to retailers (2009) Table 32: Microalgae used as a whole (2009) Table 33: Microalgae used for extract production (2009) Table 34: Producers of astaxanthin with Haematococcus pluvialis Table 35: Microalgal PUFA Table 36: DHA turnover by producers Table 37: GRAS submittal of microalgae products Table 38: Segmentation of conventional food market Table 39: Top 3 microalgae most used for functional food application CBDMT Market & Business Intelligence /209

15 Table 40: Top 3 most used microalgae for dietary supplements application Table 41: Upper and lower estimates of microalgae dry weight biomass production required by the post-larvae of world aquaculture. Adapted from FAO Table 42: Microalgae commonly used in aquaculture, either as individual diets or components of mixed diets. (++ denotes more popular than +) Table 43: Examples of cosmetic ingredients from microalgae Table 44: Main microalgae cosmetic ingredients producers Table 45: Comparison between the different ways of crude oil production Table 46: Oil contents in selected microalgae species Table 47: Main partnership of algal fuel companies Table 48: Algal Fuel Players Table 49: Spirulina Players Table 50: Chlorella Players Table 51: Dunaliella Players Table 52: Haematococcus Players CBDMT Market & Business Intelligence /209