Algarithm

What Algarithm does

Algarithm Ingredients Inc. is a privately held Canadian B2B ingredient supplier that produces plant-based omega-3 DHA oils and powders derived from microalgae originally isolated at the Bay of Fundy, Nova Scotia. Founded in 2017 and headquartered in Saskatoon, Saskatchewan, with manufacturing in Nova Scotia, the company operates as a subsidiary of Mara Renewables Corporation. Algarithm sells its ingredients to manufacturers of infant formula, dietary supplements, and functional foods and beverages, with private-label softgel programs targeting startups and smaller brands.

The company's core technology is closed-system fermentation of a wild-sourced microalgae strain followed by a patented, solvent-free extraction process that uses food-grade enzymes in lieu of hexane or petroleum distillates. This avoids the purification burden and contamination exposure inherent to ocean-sourced fish oil and yields an oil described as 'beautifully tasteless.' A portfolio of granted patents covers complementary delivery formats — micro-encapsulated powders (beta mega3), emulsified oils, and heat-stable powders — each targeting a different downstream application (beverages, baked goods, plant-based meat alternatives, softgels). The product family consists of four lines: alpha mega3 (40-53% DHA oils), beta mega3 (12% DHA micro-encapsulated powder), theta mega3 (high-potency 65-75% concentrates), and kappa mega3 (private-label softgels). The company holds the only Non-GMO Project Verification for an algal omega-3 oil produced in North America and stacks Kosher, Halal, Vegan, Gluten-Free, Organic-Compliant, and GMP/CGMP designations.

Commercially, Algarithm monetizes through bulk B2B ingredient sales (quote-based, available in bottles, pails, and drums), a private-label softgel program with low minimum order quantities, and custom formulation services including semi- and fully-winterized variants. Go-to-market is enterprise field sales led by the co-founder/Managing Director and a Business Development Lead, supplemented by trade-show presence at SupplySide West, Vitafoods Asia, FI Europe, CHFA, and PLMA, and a distribution partnership with American International Chemical (AIC) for North America. Named customers include Ritual (Essential for Women and Essential Prenatal), Wiley's Finest (CatchFree Omega), Zahler, and Sol Cuisine. Cumulative disclosed funding is limited to a $100K GOED commitment and a CAD $3.5M Canada's Ocean Supercluster grant for the Fishless Marine Microbial Fish Oil Project announced in March 2021.

Name

Algarithm

Legal name

Algarithm Ingredients Inc.

Website

https://algarithm.ca

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Algarithm Ingredients Inc., a Saskatoon-based B2B ingredient supplier, produces plant-based omega-3 DHA oils and powders from microalgae fermentation for food, beverage, and dietary supplement manufacturers serving infant nutrition, prenatal, and clean-label markets.

Ownership category

akta.pro rank

Product category

Nutraceutical Ingredients

NAICS

Starch and Vegetable Fats and Oils Manufacturing (31122), Fats and Oils Refining and Blending (311225), Spice and Extract Manufacturing (311942)

SIC

Fats & Oils (2070), Food And Kindred Products (2000), Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Omega-3 & Specialty Lipids (Fish/Algal Oils, EPA/DHA, MCTs, CLA, Phospholipids) (AFAJAKAC)

akta.pro secondary industry

Omega-3 & Marine/Algal Lipids (EPA/DHA Oils, Concentrates) (AFAJALAK)

Keywords

• Algal omega-3 ingredients
• Plant-based DHA oil
• Microencapsulated omega-3 powder
• Private label supplements
• Nutraceutical bulk ingredients

Headquarters

HQ city

Saskatoon

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Bulk Ingredient Sales: B2B sales of bulk algal omega-3 oils and powders to manufacturers of infant formula, dietary supplements, foods and beverages. Products sold in various formats: bottles, pails, drums. Includes alpha mega3 400 MT, alpha mega3 400 3AOX, beta mega3 natural powder variants.
2. Private Label Program: Kappa mega3 softgel private labeling program offering ready-to-market supplement solutions with low minimum order quantities (MOQs) for startups and growing brands. Available in bulk or bottled formats.
3. Custom Formulation Services: Custom antioxidant formulations, semi-winterized and fully-winterized oil variants available based on customer requirements.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

Algarithm produces and sells plant-based, fish-free Omega-3 DHA ingredients (oils, powders, concentrates, and softgels) derived from microalgae cultivated in a closed fermentation system. Products are sold in bulk to manufacturers of infant formula, dietary supplements, foods, and beverages, and through a private label softgel program targeting emerging brands.

Product overview

Algarithm offers a comprehensive portfolio of plant-based, fish-free Omega-3 ingredients derived from microalgae. The product line consists of four distinct product families: Alpha series (algal DHA oils at 40% concentration), Beta series (micro-encapsulated algal DHA powders at 12% concentration), Theta series (high-potency algal omega-3 concentrates at 65-75% concentration), and Kappa series (algal DHA softgels). These products are marketed as ingredients for infant formula, dietary supplements, foods and beverages, and pharmaceuticals. The company specializes in delivering tasteless, odorless, shelf-stable omega-3 solutions using proprietary solvent-free extraction processes and patented delivery technologies.

Differentiator

Problem solved

Functional benefit

Brands

• alpha mega³™: 40-53% DHA algal oil products including alphamega3-400 MT and alphamega3-400 3AOX
• theta mega³™
• beta mega³™
• kappa mega³™

Products and services

• alpha mega3 400 MT High-quality 40% DHA (400mg/g) algal oil with mixed tocopherols and minimal taste and odor. Available in semi-winterized and fully-winterized forms for infant formula, dietary supplements, foods, and beverages. Sold in bulk bottles, pails, and drums.
• alpha mega3 400 3AOX Fully winterized algal oil containing 40% DHA (400mg/g) with mixed tocopherols, rosemary extract, and ascorbyl palmitate for enhanced stability. Optimized for dietary supplements, foods, and beverages.
• beta mega3 Natural 12% DHA micro-encapsulated algal oil powder delivering 120mg/g DHA with minimal taste and odor. Uses patented technology for beverage dispersion and food applications with heat and oxidation protection. Gluten-free certified.
• theta mega3 r-TG DHA High-potency vegan algal omega-3 concentrates derived from the co-stream of alpha mega3 oils, available in 650 mg/g and 750 mg/g concentrations with greater than 90% triglyceride purity. Best suited for supplement and nutraceutical applications.
• kappa mega3 300 Lemon (Private Label Softgels) Vegan algal DHA softgel solution with 300mg DHA per softgel, designed for startups and growing brands with low minimum order quantities for accessible, ready-to-market supplements. Available in bulk or bottled formats. Carrageenan-free and gluten-free.
• Custom Formulation Services Custom antioxidant formulations and customized oil variants (semi-winterized and fully-winterized) developed based on specific customer requirements for B2B clients.

Quantifiable outcome

• Algal omega-3s now represent approximately 4% of the global long-chain omega-3 market
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• AlaskOmega and AenovacoreStrategic or Co-development Partner · 30 September 2021Joint project to bring new vegan chewable omega-3 solution to market. The chewable vegan softgel capsules use VegaGels filled with omega-3 DHA fatty acids from microalgae. Available in Tutti-Frutti, Strawberry and Citrus flavors for children.
• Wiley's FinestminorGTM or Marketing Partner · 14 April 2020Wiley's Finest selected Algarithm as DHA supplier for CatchFree Omega, a new plant-based omega-3 product launch.
• AIC (American International Chemical)coreChannel Partner/ Reseller/ Distributor · 1 June 2018AIC inked a deal to distribute Algarithm's algal omega-3 ingredients in North America, extending market reach through established distribution channels.
• ViruncoreStrategic or Co-development Partner · 19 February 2018Collaboration on O3 Smoothies to combat pill fatigue. Virun utilized Algarithm's alpha mega3 DHA algal oil in multi-serving liquid smoothies combining omega-3 DHA with MCT and protein.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• KD Pharma Group: Contract manufacturer specializing in omega-3 EPA/DHA oils from fish and algae sources, serving supplement and pharmaceutical customers. Directly comparable B2B ingredient supplier with overlapping customer profiles.
• Corbion (TER 1 partnership): Through its TER 1 partnership with Bunge, Corbion is a major producer of algal DHA omega-3 oils for infant formula and supplements. Competes head-to-head with Algarithm in infant nutrition and dietary supplement ingredient channels.
• dsm-firmenich (Veramaris): Global ingredient giant with Veramaris, a JV algal omega-3 (EPA + DHA) oil business supplying feed, food, and supplement markets. Most direct competitor in the premium algal omega-3 space with comparable technology and significantly greater scale.
• Polaris (Aker Biomarine affiliate): Omega-3 concentrate producer (formerly EPAX, now part of Aker Biomarine family) serving nutrition and supplement manufacturers. Comparable ingredient supplier with focus on omega-3 concentrates and lipid formulations.
• AlaskOmega: Fish and marine oil omega-3 supplier serving supplements and nutrition brands. Direct competitor in the omega-3 ingredient space and existing Algarithm partner on the VegaGels chewable softgel project.

Broad incumbents

• Aker BioMarine: Leading krill oil and omega-3 supplier with Superba krill oil and resulting ingredient portfolio. Competes with Algarithm in the omega-3 ingredient market through a different source (krill vs. algae) but comparable customer base.
• Croda International: Major specialty ingredient supplier with omega-3 offerings across personal care, nutrition, and health. Provides competing omega-3 ingredient portfolios and serves overlapping food, beverage, and supplement manufacturer customers.
• Lonza: Large contract manufacturer with microbial/algal fermentation capabilities, including DHA omega-3 production. Competes with Algarithm in omega-3 ingredients and offers broader nutrition and pharma manufacturing services.

Emerging players

• Solazyme (now TerVia, part of Corbion): Algal biotechnology company producing specialty oils and ingredients from microalgae (now part of Corbion). Comparable fermentation-based approach to producing novel oils and ingredients with overlapping clean-label positioning.
• Virun: Nutraceutical and food technology company specializing in omega-3 and other difficult-to-formulate ingredients. Existing Algarithm partner on O3 Smoothies and overlapping focus on novel omega-3 delivery formats.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/algarithmdha
• Facebookfacebook.com/AlgarithmDHA
• LinkedInlinkedin.com/company/algarithmingredients
• Instagraminstagram.com/algarithmdha

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Algarithm