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.

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.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Species
By Aquatic Animal

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

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

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)

A full Report of Microalgae-Based Aqua Feed Market is Available @ https://www.omrglobal.com/industry-reports/microalgae-based-aqua-feed-market

Microalgae-Based Aqua Feed Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

A4F Algae for future
Algalimento S.L.
Aller Aqua Group
ALLmicroalgae
Algatechnologies Ltd.
Biomar Group
Cellana Inc.
CP Kelco
Evergen Resources
Greentech Group
Kessler Zoologiegrosshandel GmbH & Co. KG
Solabia Group
The Archer-Daniels-Midland Company

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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