"Yield Higher Revenue with our Exclusive Insights "

Microalgae-based Aquafeed Market Size, Share and Global Trend By Species (Spirulina, Chlorella, Tetraselmis, Isochrysis, Pavlova), Aquatic Animal (Larval Fish, Molluscs, Crustaceans), Cultivation Technique (Open Systems, Closed Systems) & Geography Forecast till 2023-2030

Region : Global | Report ID: FBI100494 | Status : Ongoing



Aquafarming highly depends on the marine wild catch for fish meal and oil as feed and nearly 17-18% of the global catch fish is converted into fish meal and oil to feed the farmed fish and other animals. According to the FAO, 70% of the fish meal and 73% of the fish oil is consumed by the aquaculture industry, and the fishmeal production declined by 2.4% during the period from 2005 to 2015 mainly due to shift in demand from aquaculture industry. The increasing need for protein and the high cost of fish meal & oil in recent years has created the need for alternatives in the aquafarming. The presence of a wide range of physiological and biochemical characteristics, microalgae is identified as a sustainable alternative for the needs of aquaculture as feed.

On the flip side, the higher price of microalgae feed products may hinder the market’s rise to an extent. Due to the high cost, the aquafeed additives derived from microalgae falls under the category of specialty products. Industry key players are involved in various trials to increase the operational efficiency to make microalgae-derived feed products as low-cost alternatives to fish meal and oil.

Several companies in the industry have started producing aquaculture feeds using Chlorella and Spirulina, or a mixture thereof. Companies such as ADM, DSM, Evonik, and Corbion are involved in producing microalgae-based feed products as alternatives to fish meal and oil.

Fish oil and meal were the most significant protein supplements in the aquafarming but increased use of these protein ingredients in swine and poultry diets in recent decades have led to the imbalance of supply of these ingredients. Higher demand from the feed industry led to the escalation of prices of the fish oil and meal ingredients and the same resulted in the disruption of the economy of scale of aquafarming.   

Microalgae are microscopic unicellular organisms and are a rich source of carbohydrates, protein, enzymes, and fiber. The wide range of application areas of microalgae includes animal feed, food, cosmetics, pharmaceuticals, and in the production of biofuel. Chlorella vulgaris, Cyanobacteria Spirulina maxima, and Haematococcus pluvialis are the dominant species of microalgae that are commercialized and widely used as nutritional supplements for humans and as feed additives for livestock.

Key Players Covered:

Some of the key companies that are present in the global microalgae-based aquafeed market are Cargill, DSM, Algatechnologies ltd., Cellana Inc, CP Kelco, Corbion, Cyanotech Corporation, and other players.




By Species

·      Spirulina

·      Chlorella

·      Tetraselmis

·      Isochrysis

·      Pavlova

·      Other Species

By Aquatic Animal

·      Larval Fish

·      Molluscs

·      Crustaceans

·      Other Aquatic Animals

By Cultivation Technique

·      Open Systems

·      Closed Systems

By Geography

·      North America (USA, Canada, and Mexico)

·      Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

·      Asia Pacific (China, India, Japan, Indonesia, Vietnam, and Rest of Asia Pacific)

·      South America (Brazil, Argentina, and Rest of South America)

·      Middle East & Africa (South Africa, UAE, and Rest of ME&A)


Spirulina, Chlorella, Tetraselmis, Isochrysis, and Pavlova are the key species of microalgae popularly used in as aquafeed ingredients. Spirulina species is found abundant use trend in the aquaculture industry. Microalgae cultivation area can be segmented as open systems and closed systems based on cultivation technique. Majorly open systems are preferred in cultivating the microalgae used in feed applications for livestock.

Regional Analysis:

Asia Pacific region followed by North America are the two large markets for global microalgae-based aquafeed at present, and they are expected to account for a significant proportion of the market share in the forecast period as well. China, India, Indonesia, Vietnam, and Thailand are the key countries that hold a significant share of the global aquafarming units.

Key Industry Developments

  • In March 2017, DSM & Evonik announced an investment plan of around US$ 200 million for the commercial-scale production facility of omega-3 fatty acids from natural marine algae for animal nutrition.
  • In May 2016, Solazyme, Inc. and Bunge Limited have launched AlgaPrime product, native, whole algae DHA as a sustainable specialty feed ingredient, prioritizing the aquaculture market.

  • Ongoing
  • 2022
  • 2019-2021


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Agriculture Clients

Fuji film
Pont Europe

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- UGlobal hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.