Background
Infectious diseases of aquatic organisms have become the most important limiting factor in the worldwide expansion of the aquaculture industry. The F.A.O. estimated that aquatic diseases are responsible for severe economic losses estimated at well over $5 billion per year. In addition, new regulations in Western Europe and the United States create serious barriers for massive use of antibiotics, medications, and chemicals in aquaculture.
Technology
To meet these demands, probiotics* will be a significant ingredient in fish feed in the coming decade. AquaPro Technologies has developed a new probiotics additive for intensive culture systems that enhances the immune response of different fish species while eliminating specific pathogens and pollutants. The first product, GalPro for tilapia, is ready for market in Israel.
Advantages
AquaPro Technologies' new probiotics patent-pending formulas and processes for aquaculture will significantly improve the performance, health, and environment of the aquaculture industry.
They will :
- improve time-to-market (TTM); and
- provide the market with larger, healthier, safer, more cost effective, and more profitable aquatic products.
Value Proposition
AquaPro offers increased income for growers, addresses a growing market, and addresses the trend toward green solutions in the agriculture industry.
Market Size
The total fish feed market is projected to reach between 120 and 140 million tons of feed per year by 2010. Assuming that AquaPro will capture 20% of the worldwide market (25 to 30 million tons of feed) by 2010, 50 to 90 million kilograms of probiotics formula will be required (about 2 to 3 kilograms of AquaPro formula is added per ton of feed).
Approach to Market
AquaPro will initially focus on the finfish segment, which represents 54% of the aquaculture market, first in Israel and then in China and Southeast Asia. The Company will contact fish food manufacturers in each region to market its products using through existing networks.
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GreenTech
