The global seaweed-based feed market value is estimated to total USD 1,251.0 million in 2023. Over the assessment period, demand for seaweed-based feed products is predicted to expand at an impressive CAGR of 16.0%. By 2033, the total market valuation is set to reach USD 2,385.6 million.
Several factors are expected to drive growth in the seaweed-based feed industry. These include Growing preference for organic and natural feed additives, rising awareness about the benefits of seaweed in animal nutrition, and adoption of sustainable farming practices.
Seaweed-based feed is a rapidly growing market in the animal feed industry that focuses on the production, promotion, and distribution of feed products derived from seaweed. Seaweed-based feed is a desirable alternative for many livestock-rearing methods, particularly aquaculture. This is because it offers a nutrient-rich and sustainable replacement for traditional feed sources.
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Seaweed products are rich in essential vitamins, minerals, and bioactive substances. Hence, they can improve the growth, health, and general quality of livestock and farmed aquatic species. They are becoming perfect ingredients for animal feed due to their nutritional qualities.
The growing need for sustainable feed solutions is expected to propel the market for seaweed-based feeds. The production of seaweed needs less freshwater, land, and fertilizers than other feed sources like fishmeal and soybean meal. This makes it a more environmentally friendly option.
Seaweed farms can enhance water quality and trap carbon dioxide, which will promote sustainable aquaculture methods. Thus, shifting preference towards seaweed-based feeds due to their eco-friendly nature will foster market growth through 2033.
For aquatic species and livestock, a seaweed-based diet has various advantages. It has been discovered to strengthen digestion and increase nutrient absorption by encouraging the growth of good gut flora. This can lead to higher feed conversion rates and better animal growth overall.
Bioactive substances such as antioxidants and antibacterial agents found in seaweed-based feed can strengthen a species’ resistance to disease and lessen the need for medications. Thanks to these advantages, demand for seaweed-based feeds is expected to grow robustly through 2033.
Key Takeaways from the Report:
- The global seaweed-based feed market is expected to reach a valuation of US$ 2,385.6 million by 2033.
- Based on the source, the brown seaweed segment is estimated to hold a market share of 38.6% in 2023.
- By application, the aquaculture segment will likely hold a value share of 28.5% in 2023.
- Based on form, the powder segment is set to account for a revenue share of 43.4% in 2023.
- The United States market value is forecast to reach US$ 850.5 million by 2033.
- China is poised to expand at a CAGR of 7.6% CAGR through 2033.
- Demand in Australia is estimated to rise at a CAGR of 12.8% between 2023 and 2033,
Who is Winning?
Start-ups highlight the increasing interest in seaweed-based solutions for animal feed and agriculture, reflecting the potential of seaweed to contribute to sustainable and environmentally friendly practices in the feed industry. The seaweed-based start-up culture is expected to continue growing as more companies recognize the value of seaweed as a valuable and sustainable resource.
Launching new products can help businesses stay competitive and meet the changing consumer demand. It will also allow them to attract new customers and retain existing ones while increasing their market share.
Key Companies Profiled:
- Algaia
- Symbrosia
- AquAgri Processing Pvt Ltd
- Sea6 Energy
- Cascadia Seaweed
- The Seaweed Company
- Corbion
- Ocean Harvest Technology
- Olmix Group
- Cargill
- Acadian Seaplants
- Other Players
For instance,
- In 2023, Symbrosia introduced a new seaweed-based feed additive aimed at addressing environmental challenges associated with livestock farming.
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Seaweed-Based Feed Market Outlook by Category:
By Source:
- Red Seaweed
- Brown Seaweed
- Green Seaweed
By Application:
- Aquaculture
-
- Fish
- Shrimp
- Shellfish
- Others
- Livestock
- Poultry
- Pigs
- Cattle
- Others
- Pet Food
- Dogs
- Cats
- Horses
By Form:
- Powdered
- Pellets
- Liquid
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
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