Value-Added Products
In the context of biorefinery approach, intracellular compounds and metabolites have gained immense importance owing to their high monetary value. Microalgal pigments: chlorophyll a and b, lutein, astaxanthin, β-carotene, phycobilins, C- phycocyanin have found wide application in dyes, cosmetics, food and feed additives, nutraceuticals and pharmaceuticals, as natural colors, bioactive components, anti-oxidants, nutritive and neuro-protective agents (Koller et al., 2014; Begum et al., 2016). Microalgae are also exploited as rich source of amino acids (leucine, asparagine, glutamine, cysteine, arginine, aspartate, alanine, glycine, lysine, and valine), Carbohydrates (β1–3- glucan, amylose, starch, cellulose, and alginates), Vitamins and minerals (vitamin B1, B2, B6, B12, C, and E; biotin, folic acid, magnesium, calcium, phosphate, iodine) that are widely used in Food additives, health supplements and medicine. Microalgae, such as Nannochloropsis, Tetraselmis, and Isochrysis are used for extraction of long chain fatty acids popularly known as the omega fatty acids such as DHA (Docosahexaenoic Acid) and EPA (Eicosapentaenoic Acid), have lately gained prime attention as essential for human brain development and health. Other than these, microalgae are also used for production of Extracellular Polymeric Substances (EPSs) which have many industrial applications and Polyhydroxyalkanoates (PHAs). PHAs can be used for manufacturing bioplastics that are very sought after because of their biodegradability (Markou and Nerantzis, 2013; Koller et al., 2014).