Algae Meal Market

Algae Meal Market Size - By Source (Red Algae, Green Algae, Brown Algae), Grade (Food, Feed, Fuel), Application (Red Algae, Green Algae, Brown Algae), Application (Livestock, Poultry, Swine, Cattle, Aquaculture, Pet Food, Biofuel), & Forecast, 2023 – 2032

Published Date: May - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Animal Health and Nutrition | Format: Report available in PDF / Excel Format

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Algae Meal Market Size

Algae Meal Market is expected to reach USD 12 billion by the end of 2032 from USD 6.9 billion in 2022. The competitive environment of the Algal Meal market driven by growing demand reflects the necessity of eco-friendly and nutritious alternatives in animal feeding. The growing awareness of ethical and environmentally acceptable sources presents a chance through algae-based meals that provide the required nutrition while solving environmental problems and lowering reliance on conventional feed sources – a crucial element driving industry expansion.

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High cost of manufacturing, lack of scaled commercial production models, and bureaucratic obstacles define the limits of the algal meal market. They reduce the high scale consumption of what would be maybe a sustainable and nutrient-dense substitute for animal feed.

Algae Meal Market Report Attributes
Report Attribute Details
Base Year 2022
Algae Meal Market Size in 2022 USD 6.9 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6.2%
2032 Value Projection USD 12 Billion
Historical Data for 2018 to 2022
No. of Pages 150
Tables, Charts & Figures 197
Segments covered Source, Grade, Application Region
Growth Drivers
  • Growing Demand for Sustainable and Nutrient-Rich Animal Feed Alternatives
  • Expanding Applications in Aquaculture and Poultry Industries
  • Increasing Awareness of Health Benefits and Nutritional Value of Algal Meal
Pitfalls & Challenges
  • High Production Costs and Technological Challenges
  • Limited Scale of Commercial Production Leading to Supply Constraints

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COVID-19 Impact

The algal meal sector underwent a temporary downturn during the COVID-19 epidemic as certain suppliers struggled to supply raw ingredients and consumers reduced their orders. Indeed, the industry has recovered under increasing focus on sustainable and healthful food sources.

Algae Meal Market Trends

As individuals choose more plant-based protein sources, the demand spike in the algal meal sector follows. Increasing use of sustainable and human nutritious items as animal feed is driving market growth. Innovation in fields such product diversity and algae farming techniques is also helping this expanding market to be shaped.

Algae Meal Source Market Analysis

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Source indicates that in 2022 the red algae segment will be worth more than USD 2.4 billion. Their various nutritious qualities, as shown in many sectors including meals, pharmaceuticals, biotechnology among others which indicate an increasing trend unlike that of brown algae, have resulted in their great demand.

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With a commanding market share of about 58% in 2022, feed grade category is predicted to rise at a profitable rate by 2032. Since the feed part of the algal meal business is showing amazing expansion in recent years, it has been the main driver. Growing demand for environmentally friendly, nutrient-dense components in food items has increased use of algal meal, which clearly dominates the market.

With almost half of the market share in 2022 and predicted to rise at a profitable rate by 2032, the livestock category holds. Especially in aquaculture and poultry sectors, the use of algal meal as a sustainable and nutrient-rich feed additive for cattle has become very popular and driven its market significance above food, drinks, or nutraceuticals.

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With majority market share and a revenue of USD 1.6 billion in 2022 and expected to grow significantly fast from 2023 to 2032, United States dominates the North American territory. The US market is always growing and gives sustainable consumption choices great importance. This is thus because, at progress in technology, this is the biggest producer of algae meal, which leads on different algae research and commercially for sale. The United States is likely to be in a dominant posture since its consumers are becoming more aware of its nutritional benefits.

Algae Meal Market Share

Some of the major market players operating in the algae meal industry are

  • Corbion
  • DSM Nutritional Products
  • Cellana Inc.
  • Corbion N.V.
  • Archer Daniels Midland Company
  • AlgaEnergy S.A.
  • Cyanotech Corporation
  • Roquette Frères
  • Allmicroalgae - Natural Products S.A.
  • DIC Corporation
  • E.I.D. - Parry (India) Limited (Subsidiary of Murugappa Group)
  • Corbion Biotech Inc.
  • Guangdong Vantage Oleochemicals Tech. Co.Ltd.
  • FUJIFILM Wako Pure Chemical Corporation
  • BlueBioTech International GmbH

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Algae Meal Market News

  • In August, 2023, ZIVO and Alimenta Algae SAC will convert its old microalgae production plant into a modern cultivation and processing center. The new version of this plant intends to manufacture up to 100 thousand kg of dried algae products per year and will begin its operation during Q2 or Q3 of 2025. Lima, Peru, claims that Alimenta Algae, a subsidiary of Grupo Alimenta, is set to make the required investments in cultivation ponds and downstream processing as per the supply agreement between ZIVO.
  • In August, 2023, Da?sang has unv?il?d GoldR?lla, a nov?l product cr?at?d from Chlor?lla, a nutri?nt-d?ns? microalga? abundant in prot?in, fib?r, vitamins, min?rals, and ?ss?ntial nutri?nts such as vitamin B12. Th? company is activ?ly promoting this sup?rfood to global food manufactur?rs, ?mphasizing its nutritional b?n?fits, liv?r h?alth advantag?s, and its ability to mask off-flavors in soy.

This algae meal market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Kilo Tons from 2018 to 2032, for the following segments

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By Source

  • Red Algae
  • Green Algae
  • Brown Algae
  • Others

By Grade

  • Food
  • Feed
  • Fuel

By Application

  • Food and Beverages 
  • Poultry 
    • Broiler
    • Layer
    • Turkey
    • Others
  • Swine 
    • Starter
    • Grower
    • Sow
  • Cattle 
    • Dairy
    • Calf
  • Aquaculture 
    • Salmon
    • Trout
    • Shrimp
    • Carp
  • Pet Food 
    • Dogs
    • Cats
    • Birds
    • Fish
  • Biofuel 
    • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
    • Poland
    • Netherland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Malaysia
    • Thailand 
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

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Table of Content

  • Executive Summary

    • Key Highlights

    • Market Snapshot

  • Market Overview

    • Introduction to Algae Meal

    • Market Definition and Scope

    • Industry Ecosystem

  • Market Dynamics

    • Drivers

    • Restraints

    • Opportunities

    • Challenges

    • Regulatory Landscape

  • Algae Meal Market Segmentation

    • By Product Type

      • Spirulina

      • Chlorella

      • Others

    • By Application

      • Animal Feed

      • Aquaculture

      • Dietary Supplements

      • Fertilizers

      • Others

    • By Distribution Channel

      • Direct Sales

      • Indirect Sales

    • By Region

      • North America

      • Europe

      • Asia Pacific

      • Latin America

      • Middle East & Africa

  • Competitive Landscape

    • Market Share Analysis

    • Key Players & Profiles

    • Recent Developments & Strategic Initiatives

  • Market Forecast (2024–2030)

    • Revenue Projections

    • Volume Projections

    • Regional & Segment Outlook

  • Technological Advancements

    • Innovations in Algae Cultivation & Processing

    • Emerging Applications

  • Sustainability and Environmental Impact

    • Role in Sustainable Agriculture

    • Carbon Footprint & Circular Economy

  • Conclusion & Strategic Recommendations

  • Appendix

    • Glossary of Terms

    • Research Methodology

    • List of Tables & Figures

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