Algae-based Animal Feed and Ingredients Market to Record a CAGR of 6.03%, Find Future Trends, Analysis, and Insights - Technavio

Growing demand for feed enzymes will be one of the key trends in the algae-based animal feed and ingredients market during 2022-2026

NEW YORK, Aug. 2, 2022 /PRNewswire/ -- The global algae-based animal feed and ingredients market is a part of the global packaged foods and meats market. Apart from the market in focus, Technavio's market analysis reports also provide in-depth coverage of the external factors influencing the parent market growth potential in the coming years.

In this report, Technavio defines 2021 as the base year and 2022-2026 as the forecast period. The size of the global algae-based animal feed and ingredients market is anticipated to grow by USD 822.67 million from 2021 to 2026. However, the growth momentum of the market will accelerate at a CAGR of 6.03% during the forecast period. Our report describes in detail the various factors that are responsible for the market growth and the growth momentum.

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What are the Some of the Topics Covered in this Report?

Overview of the Market
Market Sizing
Five Forces Analysis
Market Segmentation
Factors Impacting Market Growth
Vendor Analysis

What are the Various Segments Covered in this Report?

Segmentation	Segments
Product	Feed and feed ingredient
Application	Poultry, swine, ruminant, and aquaculture
Distribution channel	Offline and online
Geography	APAC, North America, Europe, Middle East and Africa, and South America

What are the Factors Driving the Growth of the Algae-based Animal Feed and Ingredients Market?

The growth of the algae-based animal feed and ingredients market will be driven by the increasing meat and dairy production and consumption. Livestock rearing and the consumption of animal products are key to the economic and nutritional well-being of people. In addition, economic growth has fueled the production and consumption of meat, which, in turn, has improved the sales of algae-based animal feed and ingredients. Over the past few decades, dairy consumption has been increasing. The US and Western Europe account for the highest share of the global dairy market.

What are the Trends Supporting the Growth of the Algae-based Animal Feed and Ingredients Market?

The growing demand for feed enzymes is a key trend that will support the growth of the algae-based animal feed and ingredients market. Feed enzymes help in better feed conversion by livestock, improve the rate of biochemical reactions and feed quality, and contribute to animal welfare. They are added to stock feed meant for pigs, poultry, cattle, and aqua to enhance their production efficiency. In addition, consumers are focusing on adopting animal feed enzymes due to the increasing cost of natural feed products. Thus, an increasing shift towards animal feed enzymes will propel the growth of the algae-based animal feed and ingredients market during the forecast period.

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Which are the Major Vendors Operating in the Algae-based Animal Feed and Ingredients Market?

According to Technavio, the major vendors operating in the algae-based animal feed and ingredients market include Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., Cellana Inc., Centafarm SRL, Chr Hansen Holding AS, Corbion NV, Cyanotech Corp., Duplaco BV, DuPont de Nemours Inc., Evonik Industries AG, Global Nutrition International, Kemin Industries Inc., Koninklijke DSM NV, Novozymes AS, Nutreco NV, and TEGASA, among others.

Is the Market Fragmented or Concentrated?

The algae-based animal feed and ingredients market is concentrated, and the vendors are deploying growth strategies such as price, quality, innovation, reputation, and distribution to compete in the market. The market is highly consolidated because there are few small and large vendors.

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Non-GMO Animal Feed Market by Product and Geography - Forecast and Analysis 2022-2026

Algae-based Animal Feed and Ingredients Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.03%
Market growth 2022-2026	USD 822.67 million
Market structure	Concentrated
YoY growth (%)	5.46
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 42%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., Cellana Inc., Centafarm SRL, Chr Hansen Holding AS, Corbion NV, Cyanotech Corp., Duplaco BV, DuPont de Nemours Inc., Evonik Industries AG, Global Nutrition International, Kemin Industries Inc., Koninklijke DSM NV, Novozymes AS, Nutreco NV, and TEGASA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
Exhibit 08: Executive Summary – Chart on Incremental Growth
Exhibit 09: Executive Summary – Data Table on Incremental Growth
Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 11: Parent market
Exhibit 12: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 13: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 14: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 15: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 17: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 18: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 19: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 20: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 21: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 22: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 23: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 24: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 25: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 26: Chart on Product - Market share 2021-2026 (%)
Exhibit 27: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 28: Chart on Comparison by Product
Exhibit 29: Data Table on Comparison by Product

5.3 Feed - Market size and forecast 2021-2026

Exhibit 30: Chart on Feed - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Data Table on Feed - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Chart on Feed - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Feed - Year-over-year growth 2021-2026 (%)

5.4 Feed ingredient - Market size and forecast 2021-2026

Exhibit 34: Chart on Feed ingredient - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Data Table on Feed ingredient - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Chart on Feed ingredient - Year-over-year growth 2021-2026 (%)
Exhibit 37: Data Table on Feed ingredient - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Product

Exhibit 38: Market opportunity by Product ($ million)

6 Market Segmentation by Application

6.1 Market segments

Exhibit 39: Chart on Application - Market share 2021-2026 (%)
Exhibit 40: Data Table on Application - Market share 2021-2026 (%)

6.2 Comparison by Application

Exhibit 41: Chart on Comparison by Application
Exhibit 42: Data Table on Comparison by Application

6.3 Poultry - Market size and forecast 2021-2026

Exhibit 43: Chart on Poultry - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Data Table on Poultry - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Chart on Poultry - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Poultry - Year-over-year growth 2021-2026 (%)

6.4 Swine - Market size and forecast 2021-2026

Exhibit 47: Chart on Swine - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Data Table on Swine - Market size and forecast 2021-2026 ($ million)
Exhibit 49: Chart on Swine - Year-over-year growth 2021-2026 (%)
Exhibit 50: Data Table on Swine - Year-over-year growth 2021-2026 (%)

6.5 Ruminant - Market size and forecast 2021-2026

Exhibit 51: Chart on Ruminant - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Data Table on Ruminant - Market size and forecast 2021-2026 ($ million)
Exhibit 53: Chart on Ruminant - Year-over-year growth 2021-2026 (%)
Exhibit 54: Data Table on Ruminant - Year-over-year growth 2021-2026 (%)

6.6 Aquaculture - Market size and forecast 2021-2026

Exhibit 55: Chart on Aquaculture - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Data Table on Aquaculture - Market size and forecast 2021-2026 ($ million)
Exhibit 57: Chart on Aquaculture - Year-over-year growth 2021-2026 (%)
Exhibit 58: Data Table on Aquaculture - Year-over-year growth 2021-2026 (%)

6.7 Market opportunity by Application

Exhibit 59: Market opportunity by Application ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments

Exhibit 60: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 61: Data Table on Distribution Channel - Market share 2021-2026 (%)

7.2 Comparison by Distribution Channel

Exhibit 62: Chart on Comparison by Distribution Channel
Exhibit 63: Data Table on Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2021-2026

Exhibit 64: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on Offline - Year-over-year growth 2021-2026 (%)

7.4 Online - Market size and forecast 2021-2026

Exhibit 68: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on Online - Year-over-year growth 2021-2026 (%)

7.5 Market opportunity by Distribution Channel

Exhibit 72: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 74: Chart on Market share by geography 2021-2026 (%)
Exhibit 75: Data Table on Market share by geography 2021-2026 (%)

9.2 Geographic comparison

Exhibit 76: Chart on Geographic comparison
Exhibit 77: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2021-2026

Exhibit 78: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on APAC - Year-over-year growth 2021-2026 (%)

9.4 North America - Market size and forecast 2021-2026

Exhibit 82: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on North America - Year-over-year growth 2021-2026 (%)

9.5 Europe - Market size and forecast 2021-2026

Exhibit 86: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Europe - Year-over-year growth 2021-2026 (%)

9.6 South America - Market size and forecast 2021-2026

Exhibit 90: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 91: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 92: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 93: Data Table on South America - Year-over-year growth 2021-2026 (%)

9.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 94: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 95: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 96: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 97: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

9.8 US - Market size and forecast 2021-2026

Exhibit 98: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 99: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 100: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 101: Data Table on US - Year-over-year growth 2021-2026 (%)

9.9 China - Market size and forecast 2021-2026

Exhibit 102: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 103: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 104: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 105: Data Table on China - Year-over-year growth 2021-2026 (%)

9.10 Germany - Market size and forecast 2021-2026

Exhibit 106: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 107: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 108: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 109: Data Table on Germany - Year-over-year growth 2021-2026 (%)

9.11 Japan - Market size and forecast 2021-2026

Exhibit 110: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 111: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 112: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 113: Data Table on Japan - Year-over-year growth 2021-2026 (%)

9.12 UK - Market size and forecast 2021-2026

Exhibit 114: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 115: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 116: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 117: Data Table on UK - Year-over-year growth 2021-2026 (%)

9.13 Market opportunity by geography

Exhibit 118: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 119: Impact of drivers and challenges in 2021 and 2026

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 120: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 121: Overview on factors of disruption

11.4 Industry risks

Exhibit 122: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 123: Vendors covered

12.2 Market positioning of vendors

Exhibit 124: Matrix on vendor position and classification

12.3 Alltech Inc.

Exhibit 125: Alltech Inc. - Overview
Exhibit 126: Alltech Inc. - Product / Service
Exhibit 127: Alltech Inc. - Key offerings

12.4 Archer Daniels Midland Co.

Exhibit 128: Archer Daniels Midland Co. - Overview
Exhibit 129: Archer Daniels Midland Co. - Business segments
Exhibit 130: Archer Daniels Midland Co. - Key offerings
Exhibit 131: Archer Daniels Midland Co. - Segment focus

12.5 BASF SE

Exhibit 132: BASF SE - Overview
Exhibit 133: BASF SE - Business segments
Exhibit 134: BASF SE - Key news
Exhibit 135: BASF SE - Key offerings
Exhibit 136: BASF SE - Segment focus

12.6 BIOTECNOLOGIAS APLICADAS SL

Exhibit 137: BIOTECNOLOGIAS APLICADAS SL - Overview
Exhibit 138: BIOTECNOLOGIAS APLICADAS SL - Product / Service
Exhibit 139: BIOTECNOLOGIAS APLICADAS SL - Key offerings

12.7 Cargill Inc.

Exhibit 140: Cargill Inc. - Overview
Exhibit 141: Cargill Inc. - Product / Service
Exhibit 142: Cargill Inc. - Key news
Exhibit 143: Cargill Inc. - Key offerings

12.8 Cellana Inc.

Exhibit 144: Cellana Inc. - Overview
Exhibit 145: Cellana Inc. - Product / Service
Exhibit 146: Cellana Inc. - Key offerings

12.9 Corbion NV

Exhibit 147: Corbion NV - Overview
Exhibit 148: Corbion NV - Business segments
Exhibit 149: Corbion NV - Key news
Exhibit 150: Corbion NV - Key offerings
Exhibit 151: Corbion NV - Segment focus

12.10 Cyanotech Corp.

Exhibit 152: Cyanotech Corp. - Overview
Exhibit 153: Cyanotech Corp. - Product / Service
Exhibit 154: Cyanotech Corp. - Key offerings

12.11 Duplaco BV

Exhibit 155: Duplaco BV - Overview
Exhibit 156: Duplaco BV - Product / Service
Exhibit 157: Duplaco BV - Key offerings

12.12 Koninklijke DSM NV

Exhibit 158: Koninklijke DSM NV - Overview
Exhibit 159: Koninklijke DSM NV - Business segments
Exhibit 160: Koninklijke DSM NV - Key news
Exhibit 161: Koninklijke DSM NV - Key offerings
Exhibit 162: Koninklijke DSM NV - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 165: Currency conversion rates for US$

13.4 Research methodology

Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources

13.5 List of abbreviations

Exhibit 169: List of abbreviations

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