The Importance and Prospects of the Use of Algae in Agribusiness

Arkadiusz Piwowar and Joanna Harasym
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Joanna Harasym: Department of Biotechnology and Food Analysis, Wroclaw University of Economics and Business, Komandorska Street 118/120, 53-345 Wrocław, Poland

Sustainability, 2020, vol. 12, issue 14, 1-13

Abstract: Agribusiness could be the most promising sector for algae biomass exploitation and popularization. In this paper we summarize the scope of interests in agribusiness which can be fulfilled with algae exploitation. A high growth rate, a high ability to bind carbon dioxide and the potential to accumulate biogenic elements and light metals mean that algae can be used as a raw material for production of biofertilizers, biopesticides, feeds and feed additives. The use of the means of agricultural production based on algae can take place both in organic and conventional agriculture. The development of innovative and low-cost technologies of algae production, including the possibilities of their use in rural areas, provide a basis for changes, improvements and modifications to the existing solutions in the scope of production and use of industrial means of agricultural production. We also show that although there are quite diverse methods of production, and various micro and macro species diversified in chemical content, the economic viability of algae-based agribusiness is still in its infancy. The wide utilization of algae for food product manufacturing opens alternative ways for food acquisition, protecting both the food supply and the planet’s resources. The sustainability aspects of mass algae production implementation seem to be indisputable regarding possible benefits resulting from such technology. The versatility of algae application in food products, along with the very high nutritive and bioactive profile of this ingredient, make this resource of high importance in a low-emission economy.

Keywords: food industry; agriculture; algae biomass; feed; macroalgae; carbon dioxide sequestration (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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