Heliae and Syndel has signed an exclusive distribution agreement to supply the aquaculture market with a Nymeg, new DHA precision formulation ingredient for feed formulators.
The partnership creates new opportunities to bring algae products to aquaculture feed formulation. With Syndel’s established distribution channels allowing Heliae to expand its ability to unlock the potential of algae within the aquaculture feed market.
Len Smith, chief business officer at Heliae, said: “Nymega is a DHA-rich algae that provides a precision tool for targeting DHA levels in feed. Nymega’s simple profile allows formulators to target specific DHA content, providing key benefits across fish species and at multiple growth stages – at a price that is finally affordable.”
He continued: “Heliae is proud to partner with Syndel on this product launch. This agreement allows Heliae to focus on what we do best: producing algae at low cost. Syndel’s experience and expertise in product development and marketing will allow this new ingredient reach consumers quickly and efficiently.”
As the global demand for fish increases, the aquaculture industry on the rise, currently the global aquaculture market is valued at over $160B is expected to grow steadily at an estimated CAGR between 3-5% through 2020.
This causes challenges in the industry as sustainability pressure on fisheries increases and feed formulators search for replacement sources of long chain, highly unsaturated fatty acids (LC-HUFAs) to feed farmed fish, new, reliable and affordable sources of omega-3 fatty acids are required.
The prime source of DHA in the human diet is from consumption of DHA-rich fish such as salmon. However due to the replacement of fishmeal and fish oil with plant-based materials low in DHA in formulated feeds, the content of DHA in farmed salmon has been in decline.
"Aquaculture is a critical source of protein and nutrition to meet the world’s food needs. Aquaculture's importance will continue to rise as the world population grows. With this continued growth and expansion of aquaculture, the need for high performing and nutritious feeds will be imperative to the industry and their ability to deliver to the consumer a high quality DHA rich finished product,” said Chris McReynolds, CEO of Syndel.
He concluded: “Heliae has developed an outstanding sustainable product in Nymega. Syndel is excited to partner with Heliae on the global market development and sales of this highly effective feed component.”
