Algal-Based Animal Feed Manufacturers Poised for Business Expansion within the UK’s Flourishing Aquaculture Sector, Fueled by the Nation’s Favorable Marine Ecosystem as a Premier Producer of Algae-Based Feedstock in Europe.
NEWARK, Del, Nov. 15, 2023 (GLOBE NEWSWIRE) — The internet income generated from the gross sales of animal feed worldwide was found out to be round US$ 4,230.7 million by 2022 finish. The demand for algae-based animal feed and elements is anticipated to extend at an annual common development fee of 3.7% from 2023 to 2033. By following this development fee, the general market worth is anticipated to achieve US$ 8,158.1 million, rising from US$ 4,467.4 million in 2023.
Growing acceptance of marine-based dietary dietary supplements has elevated the demand for algae-based animal feed components globally. Ulva, porphyra, spirulina, gracilaria, chlorella, dunaliella, and tetraselmis are used for algae-based animal feed and components, that are gaining recognition on account of their larger diet content material. The adoption of kelp cultivation in marine ecosystems by distant space farmers has additionally boosted the availability of algae for industries.
The use of dietary supplements for animals with mineral contents has additionally elevated with rising animal well being consciousness and a rising deal with their immune system. Moreover, microalgae organisms have been the topic of in depth examine as a possible efficient safety towards the extraordinary well being disaster that impacts ruminants.
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Key Takeaways from the Algae-based Animal Feed Market Study Report
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The worldwide marketplace for algae-based animal feed is predicted to witness an absolute development alternative of roughly US$ 3,600 million over the subsequent ten years.
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The United States is the main client of algae-based animal feed, and in 2023, it might purchase a worldwide market share of 19.8%.
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In Europe, the United Kingdom is the main marketplace for the manufacturing of seaweed feeds, and the regional market might advance at 5% CAGR by 2033.
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China is the worldwide chief in seaweed manufacturing, and the algae-based animal feed trade right here is anticipated to progress at 7.6% CAGR by 2033.
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India is anticipated to observe China carefully in development in algae-based animal feed utilization by following a CAGR of seven.3% CAGR by 2033.
“Prominent market players are focussed on the development of product lines of algae-based animal feeds with more emphasis on it as a nutritional supplement. Moreover, the proliferation of e-commerce websites has increased the sales of algae-based pet food, ultimately opening new avenues and opportunities for business,” Says Nandini Roy Choudhury ( shopper Partner for Food and Beverages at Future Market Insights, Inc.)
Competitive Landscape for the Algae-based Animal Feed Market Players
The general marketplace for algae meal for livestock is very diversified, with some main gamers having outstanding positions on account of in depth provide chains. As governments, significantly in Asian nations, are pushing in the direction of a extra sustainable feedstock market, the emergence of recent gamers right here might additional fragment the market.
Key Companies Profiled within the Algae-based Animal Feed Industry
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Cargill Inc.
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Archer Daniels Midland Company
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DIC Corporation
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Koninklijke DSM NV.
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Roquette Freres
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Sun Chlorella
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Cellana LLC.
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Fuji Chemical Industries Co. Ltd.
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Algama Foods
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Corbin (Terra Via Holdings)
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HOWND
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Yunnan Green-A-Bio-engineering Co Ltd.
Recent Developments within the Algae-based Animal Feed Industry
Alltech Incorporate and Agolin Company of Switzerland partnered in May 2023 to create environmentally pleasant feeding methods to attain productiveness targets for cattle livestock. It is aimed toward helping farmers within the United States to fulfill their necessities for animal dietary options and feed components based mostly on algae.
At BIOFACH in July 2022, Allmicroalgae Company offered its microalgae-based options for Spirulina and Chlorella along with different pure and nutraceutical meals merchandise. This growth is predicted to advance the chlorella animal diet section with a outstanding deal with the feedstock used for swine and poultry cultivation.
Fermentalg Inc. introduced within the 12 months 2021 about creating KALVEA Plus, which is a novel super-nutritious algal protein focus for aquafeed makes use of.
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Key Segments Covered by Algae-based Animal Feed Industry Survey Report
By Additive Type:
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Feed Preservatives
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Feed Emulsifiers
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Feed Acidifiers
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Feed Additives
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Feed Probiotics
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Feed Enzyme
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Feed Colorants
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Feed Flavors
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Feed Sweeteners
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Nutritional Additives
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Other Feed Additives
By Form:
By Livestock:
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Ruminants
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Poultry
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Swine
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Aquaculture
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Other Livestocks
By Region:
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of administration consulting expertise. She advises trade leaders and explores off-the-eye alternatives and challenges. She places processes and working fashions in place to assist their business targets.
She has distinctive analytical expertise and infrequently brings thought management to the desk.
Nandini has huge useful experience in key niches, together with however not restricted to meals elements, diet & well being options, animal diet, and marine vitamins. She can also be well-versed within the prescription drugs, biotechnology, retail, and chemical sectors, the place she advises market individuals to develop methodologies and methods that ship outcomes.
Her core experience lies in company development technique, gross sales and advertising and marketing effectiveness, acquisitions and post-merger integration and cost discount. Nandini has an MBA in Finance from MIT School of Business. She additionally holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored a number of publications, and quoted in journals together with Beverage Industry, Bloomberg, and Wine Industry Advisor.
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The world animal feed market dimension is anticipated to cross a valuation of US$ 530.0 billion in 2023. It is estimated to achieve a valuation of US$ 929.0 billion by 2033.
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The demand for microalgae in the animal feed sector totaled US$ 57.54 Mn in 2021, in response to latest insights by Future Market Insights (FMI). Exhibiting a CAGR of 3.5% for 2021-31, the market is predicted to achieve US$ 80.96 Mn by 2031.
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The income from sales of animal feed probiotics is predicted to achieve US$ 6,784.3 million by 2033, rising at a CAGR of seven% through the forecast interval.
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The algae products market dimension is estimated to be valued at US$ 5.41 Billion in 2023 and surpass US$ 9.15 Billion by 2033. The market is prone to witness a major CAGR of 5.4% through the forecast interval.
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The world algae-based food additive market is poised for substantial development, with an estimated valuation of US$ 157.3 million in 2023. It is predicted to achieve a valuation of US$ 349.1 million by 2033.
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Future Market Insights, Inc. (ESOMAR licensed, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) provides profound insights into the driving components which might be boosting demand out there. FMI stands because the main world supplier of market intelligence, advisory companies, consulting, and occasions for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With an enormous crew of over 5000 analysts worldwide, FMI gives world, regional, and native experience on various domains and trade tendencies throughout greater than 110 nations.
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