Press release
Algae-Based Animal Feed And Ingredients Market Report 2024 - Algae-Based Animal Feed And Ingredients Market Growth, Trends, And Forecast
Algae-Based Animal Feed And Ingredients Market
According to The Business Research Company's, The algae-based animal feed and ingredients market size has grown strongly in recent years. It will grow from $3.42 billion in 2023 to $3.75 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to sustainability concerns in animal agriculture, demand for nutrient-rich animal nutrition, search for alternative protein sources, regulatory support for sustainable practices, awareness of environmental impact in livestock farming..
The algae-based animal feed and ingredients market size is expected to see strong growth in the next few years. It will grow to $5.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to continued emphasis on sustainable agriculture, growing demand for functional feed ingredients, expanding aquaculture industry, consumer preference for sustainable animal products, research and development in feed technology.. Major trends in the forecast period include diversification of algae species in feed formulations, collaborations and partnerships in the industry, integration of algae-based ingredients in pet nutrition, technological innovations in algae cultivation, global regulatory support and standards..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/algae-based-animal-feed-and-ingredients-global-market-report
Market Drivers and Trends:
The increasing meat consumption is expected to propel the growth of the algae-based animal feed and ingredient market going forward. Meat consumption refers to consuming or eating meat, which is the flesh of animals typically used as food. Algae-based animal feed and ingredients are used as a sustainable and nutritious protein source for animal feed, as they contain essential nutrients like amino acids, vitamins, and minerals, making them a viable option to replace traditional feed ingredients, which improves health and increases the weight of animals. For instance, in 2022, according to the OCED (Organization for Economic Co-operation and Development), a France-based intergovernmental organization, US consumption of meat increased from 10,177.30 thousand metric tons in 2020 to 10,191.61 thousand metric tons in 2021. Further, global population growth is predicted to support a 15% rise in worldwide meat consumption by 2031. Therefore, increasing meat consumption is driving the development of the algae-based animal feed and ingredient market.
Product innovations have emerged as the key trend gaining popularity in the algae-based animal feed and ingredients market. Major companies operating in the algae-based animal feed and ingredients market are developing innovative products to strengthen their position in the market. For instance, in March 2021, Triton Algae Innovations Ltd, a US-based startup harnessing freshwater algae species, introduced its plant-based algae ingredients and first retail product, Plant-Based Tuna, to demonstrate the undersea crop's potential in alternative proteins to consumers. Chlamydomonas reinhardtii, the single-celled algae species used by Triton, is capable of producing plant proteins, and the business has succeeded in creating it in a scalable, cost-effective heterotrophic method. The product is an alternative protein ingredient, and solutions are made utilizing Chlamydomonas reinhardtii, green algae that Triton develops in its fermentation tanks. It claims protein levels equivalent to more well-known algae species such as chlorella and spirulina.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10768&type=smp
Major Key Players of the Market:
Alltech Inc.; Cargill Inc.; Corbion NV; Evonik Industries AG; Ajinomoto Co. Inc.; Cellana Inc.; BASF SE; Centafarm SRL; DuPont de Nemours Inc.; Kemin Industries Inc.; Koninklijke DSM NV; Novozymes A/S; Nutreco N.V.; Técnica Ganadera S.L.; Aliga Microalgae; Triton Algae Innovations Inc.; Archer Daniels Midland Company; Algalita LLC; Erulia Limited; Green Plains Natural Gas LLC; Heineken N.V.; InnovaFeed SAS; JBS S.A.; Microalgae Technology Inc.; Neptune Bioenergy Inc.; Nova Algae Inc.; OriginOil Inc.; Pond Technologies Inc.; Seaweeds for Aquaculture LLC; Solazyme Inc.; TerraVia Inc.; UniBio Inc.
Algae-Based Animal Feed And Ingredients Market 2024 Key Insights:
• The algae-based animal feed and ingredients market will grow to $5.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Surging Meat Consumption Propels Growth In Algae-Based Animal Feed And Ingredient Market
• Innovative Products Propel Growth In Algae-Based Animal Feed And Ingredients Market
• North America was the largest region in the algae-based animal feed and ingredients market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10768&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Algae-Based Animal Feed And Ingredients Market Report 2024 - Algae-Based Animal Feed And Ingredients Market Growth, Trends, And Forecast here
News-ID: 3745674 • Views: …
More Releases from The Business research company
Cerebral Palsy Virtual Reality Therapy Market on Track for Strong Growth, Estima …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Cerebral Palsy Virtual Reality Therapy Market Through 2025?
The market size of cerebral palsy virtual reality therapy has experienced swift expansion lately. The market's value, which is expected to be at $1.43 billion in 2024, is projected to surge to $1.66 billion…
Top Market Shifts Transforming the C-C Chemokine Receptor Type 4 Market Landscap …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the C-C Chemokine Receptor Type 4 Market Through 2025?
In recent years, the market size for C-C chemokine receptor type 4 (CCR4) has seen significant growth. It's projected that the market will expand from $1.14 billion in 2024 to $1.25 billion in 2025,…
Increasing Prevalence Of Neurological Disorders Fueling The Growth Of The Market …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Brain Artificial Intelligence (AI)-Assisted Diagnosis Solution Market Through 2025?
The market size of the AI-assisted brain diagnostic solutions has seen immense growth in the past few years. The market is forecasted to increase from $1.74 billion in 2024 to $2.19 billion in…
2025-2034 Base-Editing Tools Market Evolution: Disruptions, Innovations, and Unt …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Base-Editing Tools Market Through 2025?
In recent times, the market size for base-editing tools has seen a staggering growth. Expected to expand from $1.50 billion in 2024 to $1.83 billion in 2025, it's forecasted to boast a compound annual growth rate (CAGR)…
More Releases for Algae
Algae AI Scout - Portable Algae Classification Analyzer
Image: https://ecdn6.globalso.com/upload/p/1459/image_other/2025-08/algae-ai-scout-1.jpg
Algal blooms pose a serious threat to aquatic ecosystems and public health, necessitating efficient monitoring methods. However, traditional optical microscopy methods face two major technical bottlenecks: first, inefficient manual sorting, which makes it difficult to rapidly process large quantities of samples in the field; and second, reliance on laboratory analysis, which prevents in-situ real-time monitoring and results in delayed early warning of sudden algal blooms.
Portable algae analyzer
Image: https://ecdn6.globalso.com/upload/p/1459/image_other/2025-08/algae-ai-scout-2.jpg
The Portable…
Algae, How It Spreads, and Algae Removal With Simple Softwash
Biloxi, MS - When most people think of algae, they think of bodies of water. For example, algae is abundant in oceans, rivers, creeks, and other similar geographic structures. However, algae does not need to be submerged in water to grow. In fact, it has a tendency to grow on the exterior surfaces of properties, too. When this happens, it can quickly leave homeowners and business owners frustrated, wondering what…
Algae Protein Market 2023 Strategic Assessment - DIC, Japan Algae, Parry Nutrace …
(United States) - Global Algae Protein Market research gives data of drive consolidations and securing procedures to grow market share and size for forecast period of 2023-2029. It further allows the industry leaders to penetrate deep into the marketing evaluation with the highest profitability. The research examines parent market trends, macroeconomic data, and controlling factors in depth, as well as Algae Protein market attractiveness by segment. The qualitative influence of…
Algae Products Market by Type (Spirulina, Chlorella, Astaxanthin, Beta Carotene, …
Algae Products Market
The global Algae products market was valued at USD 2,276.0 Million in 2020, and is projected to reach USD 4286.8 Million by 2031, growing at a CAGR of 4.88% from 2022 to 2031.
Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-4F298/algae-products
Algae Products Market Trends
Due to increase in demand for natural products and proactive efforts by market players to formulate algae-based consumable products to meet quality, texture, and nutritional demands of consumers. Earlier, algae was…
2022 Biotechnology Algae Cultivation (Micro Algae) Market | Detailed Report
The research reports on “Biotechnology Algae Cultivation (Micro Algae) Market” report gives detailed overview of factors that affect global business scope. Biotechnology Algae Cultivation (Micro Algae) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Download…
Algae Market - Algae as living biocatalysts for a green industry
Algae are photosynthetic eukaryotic organisms that grow in aquatic climates and use light and carbon dioxide (CO2) in order to create biomass. The market demand is continuously growing for macro algae and micro algae food, owing to the functional benefits beyond the traditional considerations of health and nutrition. Furthermore, algae has the ability to offer higher oil yield as compared to biofuel feedstock containing sorghum, corn Stover, beet, and corn.…
