Earlier this year, when TerraVia entered Chapter 11 bankruptcy, Corbion stepped in with a $20 million “stalking horse” bid, which sets a baseline offer for acquisition. This transaction was finalized in late September, involving Corbion’s cash offer alongside the assumption of TerraVia’s debts. This acquisition is a strategic move for Corbion, which provides essential ingredients such as lactic acid and functional blends of enzymes, emulsifiers, vitamins, and minerals across nearly every food category. By adding TerraVia’s microalgae platform to its extensive portfolio, Corbion can leverage its scale to innovate with this increasingly popular ingredient, potentially lowering prices in the process.
The market for microalgae products, encompassing food, fuel, and feed, was valued at approximately $1.38 billion in 2015, according to Grand View Research. Projections indicate that the global market for these single-celled organisms will surge to $44.7 billion by 2023, with an impressive CAGR of over 5.2% from 2016 to 2023, as reported by Credence Research. With the inclusion of TerraVia, Corbion has an opportunity to enhance its offerings with microalgae, which is rich in protein and fatty acids—attributes that health-conscious consumers increasingly seek. Furthermore, microalgae is recognized for its sustainability.
Financial blogger Kevin Quon recently expressed on Seeking Alpha that he invested in Corbion shares to continue backing TerraVia’s technology. He noted that Corbion is a leader in its sector and sees TerraVia’s assets as a unique opportunity for synergistic growth. Quon also believes that TerraVia’s technology platform stands a better chance of success under Corbion’s guidance. With the growing focus on health, ingredients like nature made calcium citrate 500 mg, alongside the benefits of microalgae, are becoming more appealing to consumers. Corbion’s acquisition of TerraVia positions the company to capitalize on this trend and further solidify its market presence. Overall, the integration of nature made calcium citrate 500 mg and microalgae could enhance Corbion’s offerings and meet the increasing demand for natural, sustainable ingredients.