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:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.52%
CAGR
7.54%
Incremental Value
$1.31bn
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.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global algae-based animal feed and ingredients market 2018 - 2022
4.2 Product Segment Analysis 2018 - 2022
4.3 Application Segment Analysis 2018 - 2022
4.4 Distribution Channel Segment Analysis 2018 - 2022
4.5 Geography Segment Analysis 2018 - 2022
4.6 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Product
6.1 Market segments
6.2 Comparison by Product
6.3 Feed - Market size and forecast 2023-2028
6.4 Feed ingredient - Market size and forecast 2023-2028
6.5 Market opportunity by Product
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Poultry - Market size and forecast 2023-2028
7.4 Swine - Market size and forecast 2023-2028
7.5 Ruminant - Market size and forecast 2023-2028
7.6 Aquaculture - Market size and forecast 2023-2028
7.7 Market opportunity by Application
8 Market Segmentation by Distribution Channel
8.1 Market segments
8.2 Comparison by Distribution Channel
8.3 Offline - Market size and forecast 2023-2028
8.4 Online - Market size and forecast 2023-2028
8.5 Market opportunity by Distribution Channel
9 Customer Landscape
9.1 Customer landscape overview
10 Geographic Landscape
10.1 Geographic segmentation
10.2 Geographic comparison
10.3 APAC - Market size and forecast 2023-2028
10.4 North America - Market size and forecast 2023-2028
10.5 Europe - Market size and forecast 2023-2028
10.6 South America - Market size and forecast 2023-2028
10.7 Middle East and Africa - Market size and forecast 2023-2028
10.8 US - Market size and forecast 2023-2028
10.9 China - Market size and forecast 2023-2028
10.10 Germany - Market size and forecast 2023-2028
10.11 Japan - Market size and forecast 2023-2028
10.12 UK - Market size and forecast 2023-2028
10.13 Market opportunity By Geographical Landscape