Global Microalgae in Feed Market – Industry Trends and Forecast to 2029

Global Microalgae in Feed Market, By Product (Spirulina, Dunaliella Salina, Chlorella, Others), Source (Marine Water, Fresh Water), Distribution Channel (Online Sales, Hyper Market or Super Market, Retail Stores), End Use (Food and Beverages Sector, Pet Food sector, Animal Feed Sector) – Industry Trends and Forecast to 2029.

Microalgae in Feed Market Analysis and Size

Rising focus on improving underdeveloped technologies and microalgae processing is a vital factor escalating the growth of the microalgae in feed market within the forecasted period of 2022-2029. Moreover, rising maturity in microalgae processing and cultivation, increasing use of microalgae in many nutritional supplements such as tablets, liquids and capsules, rise in health awareness and rise in disposable incomes are the main factors driving the growth of the market. Modernization and continuous research and development activities will further propel the growth of the market.

Data Bridge Market Research analyses that the microalgae in feed market was valued at USD 11.00 billion in 2021 and is expected to reach the value of USD 20.36 billion by 2029, at a CAGR of 8.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Microalgae in Feed Market Scope and Segmentation

Market Definition

Microalgae can also be known as ‘microphytes’. They are the microscopic algae found in marine systems and fresh water. They are unicellular species found individually or in groups and vary in size and shape from a few micrometres to a few hundred micrometres. It is the most promising source of nutrients and used as feed and food for feeding various animals, microbes and humans. All these factors create significant growth opportunities for the microalgae in the feed market.

Global Microalgae in Feed Market Dynamics

Drivers

• Rising usage of microalgae due to health consciousness

The rising consumption of microalgae as supplements due to increased awareness regarding the health and nutritional benefits and aspects related to microalgae is driving the growth of the market over the forecasted period. Microalgae is the most promising source of nutrients and used as feed and food for feeding various animals, microbes and humans which is fuelling the growth of microalgae in feed market.

• Rise in the cultivation and processing of microalgae

The rising cultivation and processing of the microalgae is driving the market's growth. The increased demands for microalgae for various purposes such as feed, food, biofuels, health complements, medicines, and cosmetics. Moreover, the increasing use of microalgae in many nutritional supplements such as tablets, liquids and capsules are the main factors fuelling the growth of microalgae in the feed market.

Opportunities

The advancements in underdeveloped technologies are generating lucrative growth opportunities for the market. The rise in demands of microalgae for feed, food, medicines and others have resulted in the constant research and development into the microalgae culturing units. Moreover, its capability to alter atmospheric CO2 into beneficial products such as lipids, carbohydrates, metabolites and proteins is also generating significant growth opportunities for the microalgae in feed market.

Restraints

The lack of coordination among the researcher organizations will act as major restraints on the growth of the microalgae in feed market in the forecast period. Moreover, complex regulations of food authorities, climatic conditions and low consumer demands will further challenge the market growth during the forecasted period.

This microalgae in feed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the microalgae in feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Microalgae in Feed Market

The covid-19 has affected nearly every end-users industry badly due to the lockdowns initiated protocols by the government during the pandemic. The supply chain and the manufacturing units were affected badly during the pandemic though this differed from industry to industry. However, the food and beverages sector suffered a huge rise in the pandemic and the post-pandemic era due to the large supply and the manufacturing demands among the consumers. The microalgae in feed market was hence recovered as the supply demands increased across the globe for high natural and organic food supplements due to the concerned population regarding the health and nutritional benefits of the products related to microalgae. The rising processing and cultivation of microalgae is also the main factor for the growth of the market in the post-covid era.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In February 2022, Scarlets has happily announced its partnership with iPRO. The partnership will look into iPRO supplying their healthy isotonic iPRO Sport Edition product line to women, age-grade, and senior teams, as well as recyclable hardware to reduce the use of single-use plastic water bottles.
• In November 2021- Coca-Cola has announced a landmark acquisition that will significantly expand the beverage giant's presence in the sports drink market. The company announced the purchase of the remaining 85 percent stake in BodyArmor for USD5.6 billion. It is the largest acquisition in the company's history. Coca-Cola purchased a 15% stake in the company in 2018.

Global Microalgae in Feed Market Scope

The microalgae in feed market is segmented on the basis of products, source, end use and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Spirulina
• Dunaliella Salina
• Chlorella
• Others

Distribution Channel

• Online Sales
• Hyper Market or Super Market
• Retail Stores

Source

• Marine Water
• Fresh Water

End Use

• Food and Beverages Sector
• Pet Food sector
• Animal Feed Sector

Microalgae in Feed Market Regional Analysis/Insights

The microalgae in feed market is analysed and market size insights and trends are provided by products, source, end use and distribution channel as referenced above.

The countries covered in the microalgae in feed market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North-America dominates the microalgae in feed market because of rising extraction of microalgae and vigorous technological innovation of harvesting within the region.

Asia-Pacific is expected to grow with the highest growth rate within the forecast period of 2022-2029 due to the fastest developing economies in the food industries within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Microalgae in Feed Market Share Analysis

The microalgae in feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to microalgae in feed market.

Some of the major players operating in the microalgae in feed market are:

• DIC CORPORATION (Japan)
• Cyanotech 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.)
• Coating Place, Inc. (U.S.)
• Dow (U.S.)
• Algatech LTD (Israel)
• Parry Nutraceuticals Limited (India)