Growing Demand for Seafood & Integration of Microalgae in Aqua Feed to Boost the Market Growth

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. 

Browse the full report description of “Microalgae-Based Aqua Feed Market Size, Share & Trends Analysis Report by Species (Spirulina, Chlorella, Nannochloropsis, Isochrysis, and Others), and by Aquatic Animal (Fish, Mollusks, Crustaceans, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/microalgae-based-aqua-feed-market

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.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Species

o By Aquatic Animal

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

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

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global 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)

Global Microalgae-Based Aqua Feed Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/microalgae-based-aqua-feed-market