Microalgae in Feed Market Is Likely to Grasp the USD 20.36 billion by 2029, Size, Share, Key Drivers, Trends, Challenges and Competitive Analysis

PRESS RELEASE
Published June 19, 2023

Microalgae in Feed Market  report offers one of the best solutions to know the trends and opportunities in Microalgae in Feed Market industry. The industry report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. Furthermore, this business research report takes into consideration several industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. Thus, Microalgae in Feed Market research report makes businesses to focus on the more important aspects of the market.

The market insights and analysis covered in the consistent Microalgae in Feed Market research report are based upon SWOT analysis on which businesses can believe assertively. This market report gives information about historic data, present market trends, environment, technological innovation, forthcoming technologies and the technical progress in the related industry. Competitive intelligence included in the report is a further very important aspect that assists businesses top the market. The report also provides CAGR (compound annual growth rate) values along with its fluctuations for the specific forecast period. The features or parameters covered in the report help to take the business towards the development and success.

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Microalgae in Feed Market  Analysis and Size

Microalgae in Feed Market

 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

REPORT METRIC DETAILS
Forecast Period 2022 to 2029
Base Year 2021
Historic Years 2020 (Customizable to 2014 – 2019)
Quantitative Units Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered 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)
Countries Covered 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
Market Players Covered 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)
Opportunities
  • Increased microalgae processing and cultivation
  • Rise in awareness regarding health benefits
  • Rise in the disposable income
 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.

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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,Investing in this study will grant you access to a wealth of information, including:

Global Product Information for the Microalgae in Feed Market: Gain a comprehensive understanding of the  Microalgae in Feed Market, on a global scale, with a breakdown into different regions.

Regional Split: Analyze the market at a regional level, including North America, Europe, Asia Pacific, South America, Middle East & Africa, to identify specific market dynamics and trends.

Country-wise  Microalgae in Feed Market, Size Breakdown: Delve into the market size of significant countries that hold substantial market share, providing valuable insights for strategic decision-making.

Market Share and Revenue/Sales Analysis: Obtain comprehensive data on the market share and revenue/sales figures of the leading players in the  Microalgae in Feed Market,

Market Trends Assessment: Stay abreast of emerging technologies, products, and start-ups shaping the market. Benefit from tools such as PESTEL Analysis, SWOT Analysis, and Porter’s Five Forces to understand the market’s current and future landscape.

Product Information and Market Size Analysis: Access detailed information on the  Microalgae in Feed Market, various product segments and gain insights into their respective sizes and growth potentials.

Market Size Analysis by Application/Industry Verticals: Gain a deep understanding of the market size within specific application or industry verticals, enabling targeted strategies and business expansion opportunities.

Market Projections and Forecasts: Obtain valuable projections and forecasts for the Microalgae in Feed market, assisting in long-term planning and decision-making processes.

By leveraging this comprehensive information, you will be equipped to make informed business decisions, identify untapped opportunities, and stay ahead of market trends in the ever-evolving  Microalgae in Feed Market,industry.

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