In the year 2023, the overall value of the global algae-based animal feed market is estimated to stand at US$ 4,467.4 million. With an average annual growth rate of 3.7%, the market for algae-based animal feed and components is anticipated to retain steady growth over the next ten years. By the end of this projection period in 2033, the revenue growth of the overall market is forecasted to conclude at US$ 8,158.1 million.
Algae-based Animal Feed Market Trends
| Report Attribute | Details |
|---|---|
| Algae-based Animal Feed Market Share (2023) | US$ 4,467.4 million |
| Market Anticipated Forecast Value (2033) | US$ 8,158.1 million |
| Market Projected Growth Rate (2023 to 2033) | 3.7% |
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According to the survey, the total sales of algae protein for animal feed were valued at nearly US$ 3,454.7 million back in the year 2018. In the following years, the demand for algae-based animal feed surged at an astounding 6.6% rate per year until the year 2022. By the end of the year 2022, the overall demand for animal feeds obtained from algae, in terms of value, was found to be US$ 4,230.7 million
| Attributes | Details |
|---|---|
| Algae-based Animal Feed Market Size (2018) | US$ 3,454.7 million |
| Market Size (2022) | US$ 4,230.7 million |
| Market (CAGR 2018 to 2022) | 6.6% |
The global algae-based animal feed sales dropped significantly during the years 2020 and 2021, essentially impacting its industrial production negatively. Economic sanctions, an increase in commodity prices, and unexpected disruptions in the supply chain caused inflation in the prices during this period. However, the pandemic prompted studies to examine algae's potential for use in animal feeds as an effective method for the feed security of farm animals.
Global feedstock production is expected to increase at a rapid pace, with rising meat consumption ultimately creating higher opportunities for the market. So, the use of sea kelps or algae has been recognized as an affordable and reliable source of animal nutrients by farm animal owners.
Numerous studies have proved the lucrative return from the use of vitamins, antioxidants, amino acids, and other elements in appropriate amounts in animal feeds. Moreover, the ethical constraints over the use of feeds obtained from animal sources, like fish feed, have further popularized this plant-based animal feed segment.
The need for seaweed feed such as microalgae, larvae, single-cell proteins, and fermented CO2 is expanding since there is a growing focus on agriculture sustainability. On top of that, the growing trend for environment-friendly feed or renewable feedstock is expected to boost the demand in the coming days.
The utilization of algal proteins in feedstock production may be hampered by the availability of a large variety of artificial protein replacements. Such alternate protein sources for livestock are also figured out to be cheaper in comparison to algae meal for livestock.
Even though the trend for more algal biomass in livestock nutrition is growing, a considerable amount of farmers still depend on feedstock available locally. So, the marine algae for animal diets face the greater challenge of extending supply chains to remote areas with a higher share of the livestock population.
Principal Consultant
The market for algae-based animal feed in the United Kingdom is anticipated to grow at a 5% CAGR over the course of the forecast period.
Algal-based animal feed manufacturers are expected to have plenty of chances to scale their business due to the presence of a sizable aquaculture industry. Moreover, the conducive marine ecosystem of the United Kingdom has made it a leading producer of algae-based feedstock for the whole of Europe.
China is known for its algae cultivation and is also currently the leading producer of seaweed-based animal supplements in Asia. Over the forecasted years, the demand for algae protein feed in the country is expected to progress at 7.6% CAGR.
Moreover, the strong insurgence of the pharmaceutical industry for innovation in the animal feed sector is expected to drive the industry in China. Stricter laws governing the upkeep of animal feed and livestock quality have been implemented, creating a huge demand for environment-friendly animal nutrition.
India, with a huge base of animal-rearing activities, holds lucrative opportunities for the introduction of algal biotechnology in animal feed. As per our analysis, the country could witness a year-on-year growth rate of 7.3% till 2033 in sales of algae-based food additives.
Increased usage of algal protein in the cattle and animal feed sector is expected to improve the outlook for the sector in India in the future. Furthermore, India is making investments in the development of small-scale industries for the production of algae-based animal feeds to provide employment opportunities in remote areas.
The table below illustrates the sheer difference in predictions for the adoption of algae-based protein-rich feed in emerging countries in comparison to developed economies. The popularity of algal protein in Western countries is mostly due to the inclination towards climate-friendly feed, while in others, it’s more about feed conversion ratio.
| Regional Market Comparison | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 5% |
| India | 7.3% |
| China | 7.6% |
As per our analysis, the demand for microalgae-derived algal protein is projected to grow at a promising rate over the projection years. Due to their abundance in carbon molecules, microalgae for animal nutrition are gaining prominence in the animal husbandry sector. Microalgae feed is particularly high in astaxanthin for which it is being added to vegan animal feed on a larger scale in aquaculture.
The demand for spirulina feed supplements, on the other hand, has attracted the attention of several industries owing to its higher return capacity. Moreover, this segment is gaining higher traction in the algae-based pet food category, making it very lucrative over retail sales channels.
The sales of algae-based animal feed in liquid form are anticipated to grow at a CAGR of over 5% between 2023 and 2033. Liquid form of algae protein provides the advantage of simple absorption as well as more options for addition to other feeds for animals.
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The overall market is highly localized due to the diverse sourcing of seaweed cultivation and processing. However, some players have managed to acquire a significant share of the global market with their extensive supply chains and sources of raw materials.
In the overall market for algae-based animal feed and additives, technological advances have become the main trend that is intensifying the market competition. In the coming days, the rivalry among the leading players is mostly expected to be around the development of algae-derived Omega 3 for livestock.
Recent Developments by the Algae-based Animal Feed Manufacturing Industries
Aliga Microalgae Company acquired a manufacturing plant of the Duplaco Microalgae Incorporated in August 2022, along with rights to several product lines. The company aims to increase the company's ability to produce algae-based solutions that can be used in food ingredients, nutritional supplements, and feed industries. In addition to this, the Aliga Company is expected to improve its standing as a leading algal-based animal feed supplier in Europe.
To illustrate the potential of the underwater crop for alternative proteins, Triton Algae Innovations unveiled its plant-based algae components in March 2021. The institution uses a single-celled algae species called Chlamydomonas reinhardtii, which can produce plant proteins using a scalable, economically viable heterotrophic technique.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million or billion for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Additive Type, By Form, By Livestock and By Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global market is likely to grow at 3.7% through 2033.
The overall market is predicted to be valued at US$ 8,158.1 million by 2033.
The market was valued at US$ 4,230.7 million in 2022.
The microalgae segment provides for higher amount of feedstock globally.
China could witness 7.6% CAGR in algae-based animal feed production through 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends by Region
3.5. Product Launches
3.6. Macro-Economic Factors
3.7. Forecast Factors - Relevance & Impact
4. Global Market - Pricing Analysis
4.1. Price Point Assessment by Region
4.2. Price Point Assessment by Livestock
4.2.1. Manufacturer Level Pricing
4.2.2. Distributor Level Pricing
4.2.3. Retail Level Pricing
4.3. Price Forecast till 2032
5. Global Market Demand (in Value (US$ Mn) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Value (US$ Mn) and Volume (MT) Analysis, 2018 to 2022
5.2. Current and Future Market Value (US$ Mn) and Volume (MT) Projections, 2023 to 2033
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Additive Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis By Additive Type, 2018 to 2022
6.3. Current and Future Market Size (US$ Mn) and Volume (MT) Analysis and Forecast By Additive Type, 2023 to 2033
6.3.1. Feed Preservatives
6.3.2. Feed Antioxidants
6.3.3. Feed Emulsifier
6.3.4. Feed Acidifiers
6.3.5. Silage Additives
6.3.6. Feed Prebiotics
6.3.7. Feed Probiotics
6.3.8. Feed Enzyme
6.3.9. Feed Colorants
6.3.10. Feed Flavors
6.3.11. Feed Sweeteners
6.3.12. Nutritional Additives
6.4. Market Attractiveness Analysis by Additive Type
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Livestock
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis by Livestock, 2018 to 2022
7.3. Current and Future Market Size (US$ Mn) and Volume (MT) Analysis and Forecast by Livestock, 2023 to 2033
7.3.1. Ruminant
7.3.2. Poultry
7.3.3. Swine
7.3.4. Aquaculture
7.3.5. Pet Animal
7.4. Market Attractiveness Analysis by Livestock
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis by Form, 2018 to 2022
8.3. Current and Future Market Size (US$ Mn) and Volume (MT) Analysis and Forecast by Form, 2023 to 2033
8.3.1. Liquid
8.3.2. Dry
8.3.3. Granules
8.4. Market Attractiveness Analysis by Form
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis by Region, 2018 to 2022
9.3. Current Market Size (US$ Mn) and Volume (MT) Analysis and Forecast by Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. East Asia
9.3.5. South Asia
9.3.6. Oceania
9.3.7. Middle East & Africa
9.4. Market Attractiveness Analysis by Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Additive Type
10.2.3. By Livestock
10.2.4. By Source
10.2.5. By Form
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Additive Type
10.3.3. By Livestock
10.3.4. By Source
10.3.5. By Form
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Colombia
11.2.1.4. Rest of Latin America
11.2.2. By Additive Type
11.2.3. By Livestock
11.2.4. By Source
11.2.5. By Form
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Additive Type
11.3.3. By Livestock
11.3.4. By Source
11.3.5. By Form
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. UK
12.2.1.3. France
12.2.1.4. Italy
12.2.1.5. Spain
12.2.1.6. BENELUX
12.2.1.7. Nordic
12.2.1.8. Russia
12.2.1.9. Poland
12.2.1.10. Rest of Europe
12.2.2. By Additive Type
12.2.3. By Livestock
12.2.4. By Form
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Additive Type
12.3.3. By Livestock
12.3.4. By Form
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Additive Type
13.2.3. By Livestock
13.2.4. By Form
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Additive Type
13.3.3. By Livestock
13.3.4. By Form
14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. India
14.2.1.2. Thailand
14.2.1.3. Malaysia
14.2.1.4. Indonesia
14.2.1.5. Vietnam
14.2.1.6. Philippines
14.2.1.7. Singapore
14.2.1.8. Rest of South Asia
14.2.2. By Additive Type
14.2.3. By Livestock
14.2.4. By Form
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Additive Type
14.3.3. By Livestock
14.3.4. By Form
15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. Australia
15.4.1.2. New Zealand
15.4.2. By Additive Type
15.4.3. By Livestock
15.4.4. By Form
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Additive Type
15.5.3. By Livestock
15.5.4. By Form
16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. GCC Countries
16.4.1.2. Turkey
16.4.1.3. Egypt
16.4.1.4. South Africa
16.4.1.5. Rest of MEA
16.4.2. By Additive Type
16.4.3. By Livestock
16.4.4. By Source
16.4.5. By Form
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Additive Type
16.5.3. By Livestock
16.5.4. By Source
16.5.5. By Form
17. Country-level Market Analysis, 2022
17.1. USA Market Analysis
17.1.1. By Additive Type
17.1.2. By Livestock
17.1.3. By Form
17.2. Canada Market Analysis
17.2.1. By Additive Type
17.2.2. By Livestock
17.2.3. By Form
17.3. Brazil Market Analysis
17.3.1. By Additive Type
17.3.2. By Livestock
17.3.3. By Form
17.4. Mexico Market Analysis
17.4.1. By Additive Type
17.4.2. By Livestock
17.4.3. By Form
17.5. Colombia Market Analysis
17.5.1. By Additive Type
17.5.2. By Livestock
17.5.3. By Form
17.6. Germany Market Analysis
17.6.1. By Additive Type
17.6.2. By Livestock
17.6.3. By Form
17.7. UK Market Analysis
17.7.1. By Additive Type
17.7.2. By Livestock
17.7.3. By Form
17.8. France Market Analysis
17.8.1. By Additive Type
17.8.2. By Livestock
17.8.3. By Form
17.9. Italy Market Analysis
17.9.1. By Additive Type
17.9.2. By Livestock
17.9.3. By Form
17.10. Spain Market Analysis
17.10.1. By Additive Type
17.10.2. By Livestock
17.10.3. By Form
17.11. BENELUX Europe Market Analysis
17.11.1. By Additive Type
17.11.2. By Livestock
17.11.3. By Form
17.12. Nordic Market Analysis
17.12.1. By Additive Type
17.12.2. By Livestock
17.12.3. By Form
17.13. Russia Region Market Analysis
17.13.1. By Additive Type
17.13.2. By Livestock
17.13.3. By Form
17.14. Poland Market Analysis
17.14.1. By Additive Type
17.14.2. By Livestock
17.14.3. By Form
17.15. China Market Analysis
17.15.1. By Additive Type
17.15.2. By Livestock
17.15.3. By Form
17.16. Japan Market Analysis
17.16.1. By Additive Type
17.16.2. By Livestock
17.16.3. By Form
17.17. India Market Analysis
17.17.1. By Additive Type
17.17.2. By Livestock
17.17.3. By Form
17.18. Thailand Market Analysis
17.18.1. By Additive Type
17.18.2. By Livestock
17.18.3. By Form
17.19. Malaysia Market Analysis
17.19.1. By Additive Type
17.19.2. By Livestock
17.19.3. By Form
17.20. Indonesia Market Analysis
17.20.1. By Additive Type
17.20.2. By Livestock
17.20.3. By Form
17.21. Vietnam Market Analysis
17.21.1. By Additive Type
17.21.2. By Livestock
17.21.3. By Form
17.22. Philippines Market Analysis
17.22.1. By Additive Type
17.22.2. By Livestock
17.22.3. By Form
17.23. Singapore Market Analysis
17.23.1. By Additive Type
17.23.2. By Livestock
17.23.3. By Form
17.24. Australia Market Analysis
17.24.1. By Additive Type
17.24.2. By Livestock
17.24.3. By Form
17.25. New Zealand Market Analysis
17.25.1. By Additive Type
17.25.2. By Livestock
17.25.3. By Form
17.26. GCC Countries Market Analysis
17.26.1. By Additive Type
17.26.2. By Livestock
17.26.3. By Source
17.26.4. By Form
17.27. South Africa Market Analysis
17.27.1. By Additive Type
17.27.2. By Livestock
17.27.3. By Form
18. Market Structure Analysis
18.1. Global Market Competition - a Dashboard View
18.2. Global Market Structure Analysis
18.3. Global Market Company Share Analysis
18.3.1. For Tier 1 Market Players, 2022
18.3.2. Company Market Share Analysis of Top Players, By Region
18.4. Key Participants Market Presence (Intensity Mapping) by Region
19. Competition Analysis
19.1. Competition Benchmarking
19.2. Competition Deep Dive
19.2.1. Cargill Inc.
19.2.1.1. Product Portfolio
19.2.1.2. Revenue by Market Segments (Product/Channel/Region)
19.2.1.3. Sales Footprint
19.2.1.4. Strategy Overview
19.2.1.4.1. Marketing Strategy
19.2.1.4.2. Product Strategy
19.2.1.4.3. Channel Strategy
19.2.2. Archer Daniels Midland Company
19.2.2.1. Product Portfolio
19.2.2.2. Revenue by Market Segments (Product/Channel/Region)
19.2.2.3. Sales Footprint
19.2.2.4. Strategy Overview
19.2.2.4.1. Marketing Strategy
19.2.2.4.2. Product Strategy
19.2.2.4.3. Channel Strategy
19.2.3. DIC Corporation.
19.2.3.1. Product Portfolio
19.2.3.2. Revenue by Market Segments (Product/Channel/Region)
19.2.3.3. Sales Footprint
19.2.3.4. Strategy Overview
19.2.3.4.1. Marketing Strategy
19.2.3.4.2. Product Strategy
19.2.3.4.3. Channel Strategy
19.2.4. Koninklijke DSM NV.
19.2.4.1. Product Portfolio
19.2.4.2. Revenue by Market Segments (Product/Channel/Region)
19.2.4.3. Sales Footprint
19.2.4.4. Strategy Overview
19.2.4.4.1. Marketing Strategy
19.2.4.4.2. Product Strategy
19.2.4.4.3. Channel Strategy
19.2.5. Roquette Frères.
19.2.5.1. Product Portfolio
19.2.5.2. Revenue by Market Segments (Product/Channel/Region)
19.2.5.3. Sales Footprint
19.2.5.4. Strategy Overview
19.2.5.4.1. Marketing Strategy
19.2.5.4.2. Product Strategy
19.2.5.4.3. Channel Strategy
19.2.6. Sun Chlorella.
19.2.6.1. Product Portfolio
19.2.6.2. Revenue by Market Segments (Product/Channel/Region)
19.2.6.3. Sales Footprint
19.2.6.4. Strategy Overview
19.2.6.4.1. Marketing Strategy
19.2.6.4.2. Product Strategy
19.2.6.4.3. Channel Strategy
19.2.7. Cellana LLC.
19.2.7.1. Product Portfolio
19.2.7.2. Revenue by Market Segments (Product/Channel/Region)
19.2.7.3. Sales Footprint
19.2.7.4. Strategy Overview
19.2.7.4.1. Marketing Strategy
19.2.7.4.2. Product Strategy
19.2.7.4.3. Channel Strategy
19.2.8. Fuji Chemical Industries Co., Ltd.
19.2.8.1. Product Portfolio
19.2.8.2. Revenue by Market Segments (Product/Channel/Region)
19.2.8.3. Sales Footprint
19.2.8.4. Strategy Overview
19.2.8.4.1. Marketing Strategy
19.2.8.4.2. Product Strategy
19.2.8.4.3. Channel Strategy
19.2.9. Algama Foods
19.2.9.1. Product Portfolio
19.2.9.2. Revenue by Market Segments (Product/Channel/Region)
19.2.9.3. Sales Footprint
19.2.9.4. Strategy Overview
19.2.9.4.1. Marketing Strategy
19.2.9.4.2. Product Strategy
19.2.9.4.3. Channel Strategy
19.2.10. Corbion (TerraVia Holdings)
19.2.10.1. Product Portfolio
19.2.10.2. Revenue by Market Segments (Product/Channel/Region)
19.2.10.3. Sales Footprint
19.2.10.4. Strategy Overview
19.2.10.4.1. Marketing Strategy
19.2.10.4.2. Product Strategy
19.2.10.4.3. Channel Strategy
19.2.11. HOWND
19.2.11.1. Product Portfolio
19.2.11.2. Revenue by Market Segments (Product/Channel/Region)
19.2.11.3. Sales Footprint
19.2.11.4. Strategy Overview
19.2.11.4.1. Marketing Strategy
19.2.11.4.2. Product Strategy
19.2.11.4.3. Channel Strategy
19.2.12. Yunnan Green-A-Bio-engineering Co Ltd.
19.2.12.1. Product Portfolio
19.2.12.2. Revenue by Market Segments (Product/Channel/Region)
19.2.12.3. Sales Footprint
19.2.12.4. Strategy Overview
19.2.12.4.1. Marketing Strategy
19.2.12.4.2. Product Strategy
19.2.12.4.3. Channel Strategy
20. Assumptions and Acronyms Used
21. Research Methodology
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Algae-based Animal Feed Market
