Microalgae-Based Aqua Feed Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)

 Global microalgae-based aqua feed market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031). The aqua feed based on microalgae appears promising due to the rising global demand for seafood especially fish.  According to the earth.org, fish farms provide more than half of the fish on the market and feed costs amount to around 90.0% of the cost of raising them. The origins of the food used to raise food fish, as well as other seafood like shellfish, to maturity, have raised concerns as well. A large proportion of fish feed is derived either from terrestrial agriculture or from forage fish harvested from the wild that people might otherwise eat directly. 

These factors have led fish farmers to pursue other options for sustaining their charges. Among the most promising are products derived from microalgae. These single-celled organisms, if processed correctly, can offer equivalent or superior nutritional profiles to grain and fish-derived feeds.

In May 2024, Corbion NV has announced the expansion of its partnership with IMCD, a global distribution partner and formulator of specialty chemicals and ingredient to include Corbion products for the food and beverage market in Thailand. This move was taken by the company to meet the growing demand for microalgae-based aquafeed across Thailand.

To Request a Sample of our Report on Microalgae-Based Aqua Feed Market: https://www.omrglobal.com/request-sample/microalgae-based-aqua-feed-market 

Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

•                 By Species

•                 By Aquatic Animal

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- includes DSM Corp., Cargill Inc., Corbion N.V., Cellana, Inc., and The Archer-Daniels-Midland Company among others.

Microalgae-based Aqua Feed Market Report Segment

By Species

•                 Spirulina

•                 Chlorella

•                 Nannochloropsis

•                 Isochrysis

•                 Others (Arthrospira Platensis, and Chaetoceros Muelleri)

By Aquatic Animal

•                 Fish

•                 Mollusks

•                 Crustaceans

•                 Others (Oysters)

A full Report of Microalgae-Based Aqua Feed Market is Available @ https://www.omrglobal.com/industry-reports/microalgae-based-aqua-feed-market

Microalgae-Based Aqua Feed Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 A4F Algae for future

•                 Algalimento S.L.

•                 Aller Aqua Group 

•                 ALLmicroalgae

•                 Algatechnologies Ltd.

•                 Biomar Group

•                 Cellana Inc.

•                 CP Kelco

•                 Evergen Resources

•                 Greentech Group

•                 Kessler Zoologiegrosshandel GmbH & Co. KG

•                 Solabia Group

•                 The Archer-Daniels-Midland Company

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/microalgae-based-aqua-feed-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

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