Global Microalgae in Feed Market share value in 2024 was 13.86 billion, and it is expected to grow at a CAGR of 8.00% during the forecast period 2024-2029 to reach USD 20.36 billion by 2029.
Microalgae are also called macrophytes. Microalgae are organisms that grow in marine water, and they create biomass by the use of carbon dioxide and light. The membrane component of microalgae contains lipids and fatty acids. Microalgae are very efficient biological systems to produce solar energy to produce organic compounds. These microalgae are single-celled. Microalgae can form colonies, like filaments or spheres. Microalgae can photosynthesize. This is due to the presence of photosynthetic pigments. The color of microalgae depends on the presence of predominant pigment in the cell. These are rapidly evolving alternative substances in the feed market. They have various nutritional and functional qualities. These qualities make microalgae the best choice for feed ingredients. These algae accumulate huge amounts of protein that contains various essential amino acids. Some types of microalgae contain essential fatty acids. Microalgae are very health-beneficial products.
The increase in the development of technologies. This led to the advancement of technology. This creates the opportunity for market growth over the forecasting period. The increase in demand for these microalgae from different sectors such as feed, food, pharmaceutical sectors, and others. The increase in demand for these led to an increase in innovations for the market. This leads to an increase in research and development for microalgae cultivation centers. Microalgae can change carbon dioxide available in nature into advantageous products like lipids, carbohydrates, various metabolites, and amino acids. The awareness among the population about these advantageous products of microalgae. This increases the demand for microalgae in the forecasting period. These factors have led to creating opportunities for Global Microalgae in Feed Market over the upcoming years
The increase in the usage of microalgae among the population drives the Global Microalgae in Feed Market. This is due to the increase in the consumption of algae as supplements. Additionally, there is an increase in awareness among the population regarding healthy habits. The majority of the population prefers a healthy lifestyle. Microalgae have a lot of qualities that benefit health. Microalgae includes omega-3 fatty acids, iron, vitamin K, zinc, and magnesium. It also consists of methylated forms of vitamin B, such as vitamin B12 and folate. This is a promising source of nutrients and is used as feed and food for feeding numerous animals, microorganisms, and humans. This fuels the Microalgae in Feed Market value.
The increase in the cultivation and processing of microalgae drives the global microalgae in feed market demand. Microalgae are used for various purposes. These microalgae are used in different sectors, such as feed, food, biofuels, health complements, pharmaceutical sectors, and cosmetics. The processing and cultivation of microalgae are increased due to the increased consumption of these nutritional supplements. These nutritional microalgae supplements are available in the form of tablets, liquids, and capsules. Hence the increase in cultivation and awareness among people regarding the benefits of microalgae over the individual's health are the market-driving factors in the Global Microalgae in Feed Market.
The majority of the population is unaware of the benefits of microalgae over health. The benefits of microalgae are only known in most developed countries, while most people are unaware of emerging or underdeveloped countries. This leads to a decrease in demand for microalgae. The lack of coordination in the organization among researchers hinders market growth over the forecasting period. Additionally, the strict rules and regulations for the cultivation and processing of microalgae. This is one of the major restraining factors in the Microalgae in Feed Market over the projected period. There are various difficulties faced by cultivators during cultivation, such as climate conditions. These conditions hinder the cultivation of microalgae and lead to a decrease in the quality of the end product. This leads to a decrease in demand by consumers. These factors hinder market growth.
COVID-19 affected many industries, including the feed market and nutraceutical market. The impact of COVID-19 was different for various fields. The covid-19 led to cause a pandemic, and various protocols were launched by the government to avoid the spread of the severe disease COVID-19. COVID-19 harmed Microalgae in Feed Market. The cultivation of microalgae suffered due to these protocols imposed by the government. Issues such as travel problems and manufacturing issues were faced by cultivators of microalgae. Mainly the food and beverage industry was mostly affected by COVID-19. Initially, the sales of microalgae were significantly decreased because of logistical and travel issues. There was a problem faced by the transportation department with the supply of raw materials for the cultivation of microalgae. Many cultivators were facing issues during packaging and biomass delivery. For instance, China is the major producer of microalgae, but because of COVID-19, there was a decrease in the cultivation of microalgae. After the pandemic, there were no restrictions imposed by the government. Hence there was an increase in supply chain management and cultivation of microalgae.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2024 to 2029 |
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Base Year |
2024 |
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Forecast Period |
2024 to 2029 |
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CAGR |
8.0% |
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Segments Covered |
By Product, Source, End User & Region. |
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Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Key Market Players Of Microalgae in Feed Market are DIC CORPORATION (Japan), yanotech Corporation (U.S.), Bayer AG (Germany), Australian Spirulina (Australia), Proactive Group Holdings Inc (U.S.), Cellana Inc. (U.S.), BASF SE (Germany), DSM (Netherlands), Balchem Inc. (U.S.), Encapsys, LLC (U.S.), Parry Nutraceuticals Limited (India). |
Among these, the spirulina product segment dominates the global Microalgae in Feed Market. The Spirulina product segment is expected to dominate the market over the forecasting period. This is due to these spirulina microalgae being mainly used in the manufacturing of dietary supplements. These are used because the dietary supplement can be prepared without any processing by using spirulina products as raw material. The increase in acquisitions and collaborations among industries drives segmental growth. For instance, A long-term deal between SimpliiGood and Haifa Group has been signed to transform the spirulina microalgae market. The partnership aims to improve the Spirulina supply chain's sustainability, effectiveness, and quality, which also helps to create new products. The Chlorella product segment is expected to show the fastest CAGR growth over the forecasting period. This is due to ease of availability, and it yields high-quality protein.
Among these, the marine water segment dominates the global Microalgae in Feed Market. The marine water segment is expected to show its dominance over the forecasting period. This is due to these marine algae can be produced very easily. These microalgae can be cultivated on desert soil as well that too very easily. This type of microalgae can be cultivated without the use of freshwater. Freshwater is expensive compared to marine water microalgae. The freshwater microalgae segment is expected to show the fastest CAGR growth over the forecasting period.
Among these, the food and beverage sector dominates the global Microalgae in Feed Market. The food and beverage sector is expected to dominate over the forecasting period. This is due to the increase in demand for microalgae in the food and beverage industry. Additionally, these microalgae are used in the food industry as additives. These microalgae are used to enhance the aroma, texture, flavor, and taste. These are also used in supplements for nutritional value. These are also used in the manufacturing of meat, soups, ice cream, pie, and fish-related dishes. The animal feed sector is expected to show the fastest CAGR growth over the forecasting period.
Regionally, the North American segment dominates the global Microalgae in Feed Market. The North American segment is expected to dominate the market over the forecasting period. This is due to the increase in awareness among consumers regarding the health benefits of microalgae products. These are also used in various industries such as food and beverage and nutraceutical industry. The increase in research and development in this technology. This led to advancements in technology that boosted regional growth. Additionally, the increased intake of nutritional supplements in this region. Additionally, the increase in disposal income also drives the regional market growth.
The European segment is expected to show significant growth in the global Microalgae in Feed Market. This is due to the rise in demand for spirulina and chlorella in various industries such as the food and beverage industry, animal feed industry, nutraceuticals, etc. Asia Pacific region is expected to show the fastest CAGR growth in global Microalgae in Feed Market over the forecasting period. This is due to the emerging countries increased economic growth. Additionally, the increase in the consumption of microalgae-based supplements in emerging countries. These are the factors that boost the regional growth.
Key Market Players Of Microalgae in Feed Market are DIC CORPORATION (Japan), yanotech Corporation (U.S.), Bayer AG (Germany), Australian Spirulina (Australia), Proactive Group Holdings Inc (U.S.), Cellana Inc. (U.S.), BASF SE (Germany), DSM (Netherlands), Balchem Inc. (U.S.), Encapsys, LLC (U.S.), Parry Nutraceuticals Limited (India).
North America
Frequently Asked Questions
Challenges in the microalgae in feed market include the cost of production, scalability of microalgae cultivation, and the need for further research to optimize the use of microalgae in different animal species.
microalgae has nutitional benefits like rich in proteins, carbohydrates, lipids, and vitamin E
Microalgae are rich in proteins, lipids, vitamins, and minerals. Including microalgae in animal feed can improve the nutritional content of the feed, promoting growth, reproduction, and overall health in animals.
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