AlgaVia gets approvals5 Jul 2016
Algae company TerraVia has announced that its AlgaVia Lipid-Rich Whole Algae has now gained regulatory approval in Canada, Brazil, and Mexico, giving the product full approval across much of the Americas.
Algae company TerraVia has announced that its AlgaVia Lipid-Rich Whole Algae has now gained regulatory approval in Canada, Brazil, and Mexico, giving the product full approval across much of the Americas. The ingredient can replace eggs, dairy fats and oils in baked goods, traditional dairy-based products, sauces, snack foods, and more while maintaining or improving indulgent taste and texture, the company claims. It is said to be naturally rich in monounsaturated (good) fat, protein, fibre and micronutrients.AlgaVia Lipid-Rich Whole Algae can already be found in more than 10 product categories across the grocery store, the company says. Customers range from established CPGs to popular emerging brands focused on plant-based foods. These include South Coast Baking Co., one of the leading cookie manufacturers in the U.S. "We turned to TerraVia for its Lipid-Rich Powder as an alternative to eggs in some of our cookies," said South Coast Baking Co., a company that makes over 4 million cookies per day. "We have been so pleased with the results in creating our delicious cookies, that we have continued using it as a replacement for eggs.""With the accelerating growth of plant-based foods, driven by consumer demand for clean labels and healthier foods with great taste, there are opportunities for our Lipid-Rich Powder across every aisle of the grocery store," said Mark Brooks, SVP and General Manager of Food Ingredients at TerraVia. According to TerraVia, consumers are demanding more plant-based options, with the plant-based dairy alternative market already at 27% market share in 2015, and 36% of consumers buying plant-based proteins today.
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