Algae-based Animal Feed and Ingredients Market to grow by USD 822.67 Mn: Market Segmentation by Product, Application, Distribution Channel, and Geography - Technavio
NEW YORK, Nov. 23, 2022 /PRNewswire/ -- The algae-based animal feed and ingredients market is projected to grow by USD 822.67 million at a CAGR of 6.03% during the forecast period. APAC held the largest share of the market in 2021. This report provides a detailed analysis of the market overview, market drivers, opportunities, and potential applications. Request a Free Sample Report
Algae-based Animal Feed and Ingredients Market: Vendor Analysis
The global algae-based animal feed and ingredients market is concentrated. The market includes companies of different sizes. Intense competition among vendors and rapid technological changes are significant risk factors to the operations of vendors. Therefore, to survive and succeed in this competitive environment, it becomes imperative for manufacturers to distinguish their product and service offerings through a clear and unique value proposition.
The report analyzes the market's competitive landscape and offers information on several market vendors, including Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., Cellana Inc., Centafarm SRL, Chr Hansen Holding AS, Corbion NV, Cyanotech Corp., Duplaco BV, DuPont de Nemours Inc., Evonik Industries AG, Global Nutrition International, Kemin Industries Inc., Koninklijke DSM NV, Novozymes AS, Nutreco NV, and TEGASA among others.
Key Offerings of Major Vendors
Alltech Inc.: The company offers algae-based animal feed and ingredients that promote well-balanced microflora in the digestive system, keeping fish healthy.
Cellana Inc.: The company offers algae-based animal feed and ingredients that contain Omega-3s, which can be used as efficient and nutritious feed additives.
BASF SE: The company offers algae-based animal feed and ingredients that are grown locally and packed with protein, fibers, vitamins, minerals, and antioxidants.
BIOTECNOLOGIAS APLICADAS SL: The company offers algae-based animal feed and ingredients to meet the nutritional needs of animals, preserve their health, and maximize the consumption of nutrients from food.
Cargill Inc.: The company offers algae-based animal feed and ingredients that have a range of beneficial characteristics and support nutrition and growth performance.
Algae-based Animal Feed and Ingredients Market: Segmentation Analysis
ByProduct
Feed
Algae-based animal feed, which is available in the forms of raw algae, tablets, granules, powder, wafer, and biomass, is the finished product that is given to livestock. This segment is expected to grow significantly during the forecast period owing to the relatively higher nutritional value of algae-based animal feed compared to regular animal feed.
Feed ingredient
By Geography
APAC
APAC will contribute 42% to the growth of the global market during the forecast period. The algae-based animal feed and ingredients market in APAC is mostly centered in China and Japan. Over the forecast period, the increasing demand for meat and seafood will support the market expansion for algae-based animal feed and ingredients in APAC.
The algae-based animal feed and ingredients market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers, market limitations, and future prospects.
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Algae-based Animal Feed and Ingredients Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 6.03%
Market growth 2022-2026
USD 822.67 million
Market structure
Concentrated
YoY growth (%)
5.46
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 42%
Key consumer countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 159: Koninklijke DSM NV - Business segments
Exhibit 160: Koninklijke DSM NV - Key news
Exhibit 161: Koninklijke DSM NV - Key offerings
Exhibit 162: Koninklijke DSM NV - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations
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