Ocean Nutrition's Formula One Pellet is red and, like Formula One Flake, it is produced with higher protein levels.

Ingredients:

Shrimp, plankton, sardine, soybean, wheat flour, salmon egg oil, lecithin, spirulina, fish oil, minerals (calcium chloride, potassium iodide, ferrous sulfate, manganese sulfate, magnesium carbonate, zinc sulfate), garlic, MPAX (Marine Protein Amino eXtract: fish meals, hydrolysate's, select amino acids (arginine, histidine, isoleucine, leucine, lysine, methionine, cystine, phenylalanine, threonine, tryptophan, and valine)), vitamins (stabilized vitamin C, biotin, beta carotene, cyanocobalamin, niacin, riboflavin, thiamin, vitamin E), preservatives (ethoxyquin, potassium sorbate), amino acids (dl- methionine, L-lysine), carotenoid pigments (astaxanthin, canthaxanthin), and beta glucan.

Guaranteed Analysis:

Nutrients- As Is
Protein: 41.1% min.
Fat: 9.0% min.
Fiber: 2.4% max.
Ash: 10.5% max.
Moisture: 14.5% max.

Dry Weight Basis
Protein: 48.0% min.
Fat: 10.5% min.
Fiber: 2.8% max.
Ash: 12.2% max.
Moisture: 0%