Global Algae-based Animal Feed and Ingredients Market 2024-2028

Global Algae-based Animal Feed And Ingredients Market 2024-2028

The algae-based animal feed and ingredients market is forecasted to grow by USD 1.31 bn during 2023-2028, accelerating at a CAGR of 7.54% during the forecast period. The report on the algae-based animal feed and ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing production and consumption of meat and dairy products, increasing awareness of nutritional benefits of aquaculture products, and role of biotechnology in preserving algae products.

Technavio's algae-based animal feed and ingredients market is segmented as below:

By Product

• Feed
• Feed ingredient

By Application

• Poultry
• Swine
• Ruminant
• Aquaculture

By Distribution Channel

• Offline
• Online

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the growing demand for algae oil as one of the prime reasons driving the algae-based animal feed and ingredients market growth during the next few years. Also, adoption of organic meat among health-conscious consumers and growing demand for sustainable feed ingredients will lead to sizable demand in the market.

The report on the algae-based animal feed and ingredients market covers the following areas:

• Algae-based animal feed and ingredients market sizing
• Algae-based animal feed and ingredients market forecast
• Algae-based animal feed and ingredients market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading algae-based animal feed and ingredients market vendors that include AB Agri Ltd., Algea, Aliga ApS, Alltech Inc., Anpario Plc, Archer Daniels Midland Co., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., Cellana Inc., Corbion nv, Cyanotech Corp., DIC Corp., Evonik Industries AG, GreenTech Ventures Inc., GRIZZLY PET PRODUCTS, Jedwards International Inc., Kemin Industries Inc., Koninklijke DSM NV, Morning Bird Products, NUQO, Ocean Harvest Technology Group plc, Olmix SA, Solabia Group, and Xiamen Huison Biotech Co. Ltd.. Also, the algae-based animal feed and ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.