TerraVia’s Protein-Rich Whole Algae is Emerging as a Top Plant-based Protein Source Across the Grocery Store
September 15 2016 - 8:00AM
Business Wire
Unique Protein-Rich Whole Algae Delivers Great
Functionality and Sustainability
TerraVia (NASDAQ:TVIA), a next-generation food, nutrition
and specialty ingredients company and pioneer in algae innovation,
announces that its AlgaVia® Protein-Rich Whole Algae continues to
gain traction among leading food manufacturers and pioneering
plant-based brands. AlgaVia® Protein-Rich Whole Algae is already
being incorporated into numerous products across the grocery store
including bakery, snacks, beverages, and bars nationwide, such as
in OLLY, Enjoy Life Foods, and K’ul Chocolate products.
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AlgaVia® Protein-Rich Whole Algae (Photo:
Business Wire)
AlgaVia® Protein-Rich Whole Algae is unique versus traditional
plant-based proteins as it is a whole food, not a processed isolate
or concentrate like pea, soy or rice, and yet contains
approximately 65% vegan protein, with high protein digestibility.
It also delivers dietary fiber and beneficial lipids and contains
all essential amino acids. This whole food ingredient is also
distinct from typical plant-based proteins because of its natural
encapsulation, which helps enable food manufacturers to formulate
with higher levels of protein while maintaining a food’s natural
texture and consistency. AlgaVia® Protein-Rich Whole Algae is
non-GMO, gluten-free and free of known allergens.
“We are super excited to be able to incorporate AlgaVia® into
our new line of protein powders, including our OLLY Nourishing
Smoothies that will be available in 1800 Target stores nationwide,”
said OLLY CEO and Co-Founder Brad Harrington. “Delivering a more
sustainable, better tasting, and highly nutritious ingredient to
our customers helps us in many ways, most importantly by delivering
on our key promise to our customers, which is to create incredibly
helpful and delightful product experiences that inspire them to
lean into healthy choices.”
“For us, taste is everything. If we can add protein to a product
line and not hurt the taste at all, that’s the Holy Grail,” said
Joel Warady, Chief Sales and Marketing Officer, Enjoy Life Foods, a
division of Mondelez. “In addition to being free of known
allergens, AlgaVia® Protein-Rich Whole Algae meets such great
sustainability claims.”
According to Mintel, more Americans are demanding quality
sources of plant-based proteins and 33 percent of consumers are
planning to buy more vegetarian/plant-based food products in the
next year.1 TerraVia is addressing a key market need for new,
alternative plant-based proteins that are vegan and free of known
allergens as well as providing an innovative solution for
sustainable sources of protein.
“After spending over a decade looking for clean, plant-based
sources of protein, I was really excited to try TerraVia’s AlgaVia®
Protein-Rich Whole Algae – non-GMO, free of known allergens and
ideal for formulating higher levels of protein without impacting
taste and texture,” said Charles Chang, Founder & Former CEO of
Vega, a division of White Wave Foods. “And finding new, sustainable
sources of protein is especially important given the strain the
continued growth in the world’s population will continue to place
on the planet.”
TerraVia’s AlgaVia® Protein-Rich Whole Algae is part of the
Company’s proven portfolio of algae food ingredients and products
(including AlgaVia® Lipid-Rich Whole Algae and AlgaWise® Algae
Oils) that are the result of over a decade of product development
focused on unlocking the power of algae, the mother of all plants,
and earth’s original superfood.
About TerraVia
TerraVia is a next-generation food, nutrition and specialty
ingredients company that harnesses the power of algae, the mother
of all plants and earth’s original superfood. With a portfolio of
breakthrough ingredients and manufacturing, the Company is well
positioned to help meet the growing need of consumer packaged goods
and established and emerging food manufacturers to improve the
nutritional profile of foods without sacrificing taste, and to
develop select consumer brands. The Company also manufactures a
range of specialty personal care ingredients for key strategic
partners. Headquartered in South San Francisco, the Company’s
mission is to create products that are truly better for people and
better for the planet. For additional information, please visit
TerraVia’s website at www.terravia.com.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 about TerraVia, including statements that involve risks and
uncertainties concerning: the attributes of its ingredients,
including as to nutrition, taste, texture and sustainability; the
future adoption of its ingredients; future demand for plant-based
foods and nutrition; the impact of using its ingredients in
products; the market opportunities for its products; its
commercialization and production plans; market acceptance of its
products by food producers and consumers; and TerraVia’s ability to
maintain its relationships with its partners. When used in this
press release, the words “will,” “can,” “anticipate,” “intends” and
other similar expressions and any other statements that are not
historical facts are intended to identify those assertions as
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Any such statement may be
influenced by a variety of factors, many of which are beyond the
control of TerraVia, that could cause actual outcomes and results
to be materially different from those projected, described,
expressed or implied in this press release due to a number of risks
and uncertainties. Potential risks and uncertainties include, among
others: TerraVia’s limited operating history; its limited history
in commercializing products; implementation risk in deploying new
technologies; its limited experience in constructing, ramping up
and operating commercial manufacturing facilities; its ability to
sell its products at a profit; delays related to start-up and
ramp-up of production facilities; its ability to manage operational
costs at production facilities; its ability to enter into and
maintain strategic collaborations; successful product trials by its
customers and market acceptance of its products by end-users; its
ability to obtain requisite regulatory approvals; and its access,
on favorable terms, to any required financing. Accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of
them do so, what impact they will have on the results of operations
or financial condition of TerraVia.
In addition, please refer to the documents that TerraVia
Holdings, Inc. files with the Securities and Exchange Commission,
including its Annual Report on Form 10-K and its Quarterly Reports
on Form 10-Q, as updated from time to time, for a discussion of
these and other risks. You are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date of this press release. TerraVia is not under any duty to
update any of the information in this press release.
1 Mintel report 2015 Trends report: Alternatives everywhere!
http://www.mintel.com/alternatives-everywhere
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