Dutch Investment Boosts Algae Cultivation for Sustainable Food Production
Netherlands, Friday, 28 June 2024.
ROM InWest has acquired a stake in LGem, a Dutch company specializing in large-scale algae cultivation technologies. This investment aims to enhance sustainable food production through innovative biotech solutions, targeting a rapidly growing market estimated to reach €56 billion by 2027.
Algae Cultivation Technology Explained
LGem specializes in the production and rental of photobioreactors (PBRs), which are essential for the autotrophic cultivation of microalgae. This biological process relies on photosynthesis, where algae use sunlight and carbon dioxide to grow. The PBRs developed by LGem create optimal conditions for this process, ensuring high productivity and sustainability. These microalgae are then used in various applications, including food, cosmetics, and animal feed.
Applications and Benefits
Microalgae are increasingly popular in the food industry due to their rich content of essential nutrients and antioxidants. They are used in the production of functional foods and dietary supplements. Bas Swildens, CEO of LGem, emphasizes that about 60% of their clientele are involved in producing food-related products based on microalgae. The benefits of using microalgae include not only enhanced nutritional profiles but also the promotion of more sustainable food production methods.
Global Market Potential
The global market for microalgae-based products is on a rapid growth trajectory, with an estimated market size of €56 billion by 2027. This growth is driven by increasing consumer demand for sustainable and health-promoting food products. LGem’s advanced technology positions it as a frontrunner in this burgeoning market, providing scalable solutions for large-scale algae cultivation.
Strategic Partnership and Future Prospects
Janet Nieboer, CEO of ROM InWest, highlights the strategic importance of their investment in LGem. The company’s expertise in algae cultivation can significantly contribute to the global food supply by promoting healthier and more sustainable products. With LGem’s innovative PBR technology, there is potential for widespread application across the food, aquaculture, and pharmaceutical industries, thus driving forward a new era of sustainable production.