Algae-based Feed Market: By Animal Type (Poultry, Swine, Ruminant and Aquaculture) and Geography

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Algae-based Feed Market size was valued at USD 3,002.00 million in 2023 and is expected to reach USD 4,366.95 million in 2030, growing at a 5.5% CAGR from 2024 to 2030. In the past decade, the increasing health consciousness and awareness about the nutritional benefits of algae-based feed have been major factors for market growth. The rising consumption of feeds in poultry, swine, and aquaculture accelerates the demand; proper nutritional and quality ingredient consumption keeps domestic animals healthy and encourages excellent milk with high protein and fats, which drives the algae-based feeds in the market.

Implementing favorable policies and continuous research and development activities enhance the market demand, along with changes in government policies promoting the utilization of quality animal feeds lucrative opportunities in the market. On the other side, the health associated with red meat increases the risk of heart disease, stroke, infections, and lung and liver illness, which creates a hindrance to market growth. Region-wise, North America held the major market share in 2022 and dominated the global Algae-based Feed Market in the forecasted years.

Algae-based Feed Market Key Developments:
  • In December 2022, MiAlgae's launched omega-3 product, NaturAlgae, is a dry powder with a high concentration of DHA and other oils that can be added to recipes for aquafeeds, providing the well-known health benefits that omega-3 provides. 
  • In October 2022, UK-based manufacturer of feed additives Anpario Plc introduced a microalgae-derived sustainable supplement providing omega-3 fatty acids, composed of algae oil, formulated on a unique carrier system, and packaged in foil-lined bags for optimum shelf-life and product freshness.

Algae-based Feed Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.5%

Largest Market

North America

Fastest Growing Market

North America
Algae-based Feed Market Dynamics

The increasing awareness of nutritional value in feed, along with meat and dairy consumption across the world, is the major market driver in the Algae-based Feed Market during the forecast period. The propelled meat and dairy production and high nutritional value of aquaculture products result in a high demand for algae-based feed in the market. The surging expansion of animal feed and the agriculture industry propel the market growth; this will drive the global market growth at a significant rate.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.

Algae-based Feed Market Segmentation

By Animal Type
  • Poultry
  • Swine
  • Ruminant
  • Aquaculture
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The algae-based feed market size was valued at USD 3,002.00 million in 2023 and is expected to reach USD 4,366.95 million in 2030, growing at a 5.5% CAGR from 2024 to 2030

The Algae-based Feed Market is poised to grow at a significant CAGR of 5.5% from 2024 to 2030

The leading players in the Algae-based Feed Market are Cargill Incorporated, ADM Animal Nutrition, Dupont, Evonik, BASF SE, Ajinomoto Co Inc., Novozymes, Chr. Hansen Holding A/S, TEGASA, Nutreco, Kemin Industries Inc., Adisseo, Alltech.

  • Cargill Incorporated
  • ADM Animal Nutrition
  • Dupont
  • Evonik
  • BASF SE
  • Ajinomoto Co Inc.,
  • Novozymes
  • Hansen Holding A/S
  • TEGASA
  • Nutreco
  • Kemin Industries Inc.
  • Adisseo
  • Alltech

Adjacent Markets