The interest for microalgae in the animal feed sector added up to US$ 57.54 Mn in 2021, as indicated by most recent bits of knowledge by Future Market Insights (FMI). Showing a CAGR of 3.5% for 2021-31, the market is relied upon to arrive at US$ 80.96 Mn by 2031.
Rising interest from the hydroponics area and utilization of regular anti-infection agents over manufactured fixings have emphatically impacted market development. According to FMI, new water microalgae represented 82% of worldwide interest for microalgae in the animal feed sector in 2021.
Interest for microalgae in the animal feed sector is expanding because of the rising interest for regular added substances in creature feed, the fame of astaxanthin and the rising worldwide domesticated animals populace.
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The United States Food and Drug Administration endorsed the utilization of astaxanthin in creature feed and fish feed as added substances. Different government elements and administrative specialists, including the FDA and the EU, support the creation and dissemination of astaxanthin for an assortment of utilizations, including creature feed and water feed supporting the utilization of microalgae in the animal feed plans.
A portion of the central members driving interest for microalgae in the animal feed sector are DIC Corporation Cyanotech Corporation, Koninkliijke DSM NV, Roquette Frères, BASF SE, Fuji Chemical Industries Co., Ltd, Parry Nutraceuticals, BGG (Beijing Gingko Group), KDI Ingredients, Sinoway Industrial Co., ltd., INNOBIO Corporation Limited, Yunnan Alphy Biotech Co., Ltd, Algaecan Biotech Ltd., Algatechnologies Ltd., Cardax, Inc., Igene Biotechnology, Inc., Fenchem Biotek Ltd., AstaReal Inc., Valensa International, and Kunming Biogenic Co., Ltd.
Central issues Covered in Demand for Microalgae in Animal Feed Sector Study
- Market gauges and figure 2015-2031
- Key drivers and limitations affecting business sector development
- Portion astute, Country-wise, and Region-wise Analysis
- Contest Mapping and Benchmarking
- Brand offer and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- Coronavirus Impact on Demand for Microalgae in Animal Feeds Sector and How to Navigate
- Suggestion on Key Winning Strategies