LONDON--(BUSINESS WIRE)--The algae-based animal feed and ingredients market is poised to grow by USD 1.13 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Algae-Based Animal Feed and Ingredients market Analysis Report by Product (Animal feed and Animal feed ingredient), Distribution Channel (Offline and Online), Application (Poultry, Swine, Ruminant and Aquaculture), Geography (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the increasing consumption rate of aquaculture products. In addition, the increasing meat and dairy production and consumption is anticipated to boost the growth of the algae-based animal feed and ingredients market.
Over the last decade, awareness of the nutritious benefits of seafood has significantly increased, which has escalated the consumption rate of aquaculture products. Aquaculture products, especially farmed salmon and shrimp are highly nutritious sources of food that comprise a significant amount of important proteins, vitamins (A, B, D, and Niacin), and minerals (iodine, iron, phosphorus, and zinc). Therefore, the increase in demand for aquatic products will boost the aquaculture market which in turn will lead to market growth over the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Algae-Based Animal Feed and Ingredients Companies:
Algea operates its business through two divisions, such as ALGEAFEED SOLUTIONS and ALGEAFERT SOLUTIONS. The company offers high quality seaweed meal to grow healthy and strong livestock. The company offers stockfeed with high quality ingredients for pigs, cattle, horses, sheep, fish, and pets.
Alltech Inc. has business operations under four segments, such as animal nutrition and health, animal feed, crop science, and food and beverage. The company offers algae-based animal feed and ingredients through its animal nutrition and health and animal feed business segment.
Archer Daniels Midland Co.
Archer Daniels Midland Co. operates its business through various segments, such as origination, oilseeds, carbohydrate solutions, nutrition, and other. The company offers algae-based animal feed and ingredients through its nutrition business segment.
Associated British Foods Plc
Associated British Foods Plc has business operations under various segments, including grocery, sugar, agriculture, ingredients, and retail. The company offers algae-based animal feed and ingredients for animals through its ingredients business segment.
Cellana Inc. operates its business through three segments, namely ReNew Omega 3, ReNew Feed, and ReNew Fuel. The company offers algae-based animal feed and ingredients through its ReNew Feed product segment.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Algae-Based Animal Feed and Ingredients Product Outlook (Revenue, USD Billion, 2020-2024)
- Animal feed
- Animal feed ingredient
Algae-Based Animal Feed and Ingredients Distribution Channel Outlook (Revenue, USD Billion, 2020-2024)
Algae-Based Animal Feed and Ingredients Application Outlook (Revenue, USD Billion, 2020-2024)
Algae-Based Animal Feed and Ingredients Geographic Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.