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Growing demand for plant-based and nutrient-rich pet food is boosting sales of vegan cat food. As per ESOMAR-certified consulting firm Future Market Insights (FMI) the global vegan cat food market is anticipated to surpass US$ 10,560.40 Mn in 2021.

Increasing concerns regarding pet health are propelling demand for meat-free pet food alternatives. This trend is encouraging pet food producers to incorporate plant-based formulas such as pea protein in cat food products. Owing to this, FMI projects the vegan cat food market to expand at a positive 7.2% CAGR through 2031.

Prevalence of vegan diets across the globe has translated into increased sales of vegan cat food. Transparent ingredient lists is highly sought-after in human foods and this trend has proven critical in shaping pet owners’ preference for high-quality nutrients in pet food as well. Consequently, the focus on product advancements in plant-based kibble, treats, and wet food is at all-time high, creating opportunities for sales in vegan cat food.

The overall spike in pet ownership and per capita expenditure on pet food are chief factors providing tailwinds to vegan cat food sales. Unique processing techniques, reusable packagings such as pouches and stand-up bags, and product certifications will remain key variables influencing sales of vegan cat food.

As per FMI’s regional analysis, the U.S. is expected to dominate the vegan cat food market, reaching US$ 2,616.28 Mn in 2021. Growth can be attributed to increasing incidence of gluten allergy in pets, which is shifting the focus of pet-owners from processed food to vegan cat food.

“Growing prevalence of pet humanization, coupled with easy availability of vegan cat food through online channels are expected to propel sales in the global vegan cat food market between 2021 to 2031,” says the FMI analyst.

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Key Takeaways:

• Based on product type, kibble or dry vegan cat food will remain the best-selling product, with sales growing at a 7.8% CAGR.
• Adult vegan cat food is projected to account for 65.3% of the total market share.
• Store-based retail will emerge as the most lucrative distribution channel, accounting for approximately 86.4% of the vegan food market share. The segment is projected to grow at a 6.2% CAGR over the assessment period.
• In terms of packaging, sales of vegan cat food bags will gain traction, holding 35.8% of the market share.
• The vegan cat food market in the U.S. is projected to grow at a 5.1% CAGR.
• China is expected to account for 39.0% of the East Asia vegan cat food market, owing to rapid urbanization and increasing disposable income in the country.
• Japan is anticipated to hold 43.8% of the market share in East Asia, expanding at a healthy 6.2% CAGR through 2031.

Prominent Drivers:

• Increasing per capita expenditure on premium vegan cat food is anticipated to drive sales.
• Easy availability through online and offline channels with services like home delivery will foster sales in the market.

Competitive Landscape

As per FMI’s market survey, top players are projected to account for approximately 30-40% of the global vegan cat food market. To satisfy the ever-evolving consumers’ needs, market players are investing in research and development regarding plant-based ingredients for better product roll-out.

Global and regional players are also expediting marketing efforts to strengthen their online presence, aiming to reach a wider consumer base. Taking cues from growing demand for vegan cat food in emerging economies, Aistra launched its first vegan pet food store in India. More product developments include insect protein-based pet food options for a more sustainable approach. For instance:

• In December 2020, Madrid-based vegan pet food producer Veggie Animals expanded its product range by launching Veggie Animals PLUS for cats. The new product includes tapioca, which strengthens bones, iron, and cranberries to prevent urinary tract infections.
• In January 2021, global food giant Nestlé announced a new range of Purina pet food which is made from insect protein. Cutting out meat entirely from pet food, the company will incorporate black soldier fly larvae protein and with plant-based protein for added nutrition.

Leading players operating in Vegan Cat Food Market profiled by FMI include:

• Benevo
• Wysong
• Evanger’s Dog & Cat Food
• Nature’s Recipe
• My Aistra
• Evolution Diet
• Cannapple
• Eco Dog And Cats
• Nature’s diet
• Dr.goodpet

Discover more about Vegan Cat Food Market with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13677 

More Insights on FMI’s Vegan Cat Food Market

The latest market study on the vegan cat food market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global vegan cat food market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Product:

• Kibble/Dry
  • Extruded
  • Baked
  • Coated
• Dehydrated Food
• Treats and Chews
  • Pastes
  • Creams/Cream Snacks
  • Crunchy Snacks
  • Chew Sticks
  • Tablets
  • Biscuits
• Freeze-Dried Raw
• Wet Food
• Frozen
• Powder
• Freeze-Dried Food

Age Group:

• Kitten
• Adults

Distribution Channel:

• Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
• Online Retailers

Packaging:

• Pouches
• Bags
• Folding cartons
• Tubs & Cups
• Can
• Bottles & jars

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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Key Questions Covered in Vegan Cat Food Market Report 

• The report offers detailed insights into vegan cat food market demand outlook for 2021-2031
• The market study also highlights projected sales growth for vegan cat food market between 2021 and 2031
• Vegan cat food market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Vegan cat food market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The demand for microalgae in personal care and cosmetics market will soar with worldwide revenues up by 4.0% in 2021. Future Market Insights (FMI) estimates that the revenue generated from microalgae demand will grow by 1.5X of current market valuation between 2021 and 2031, reaching nearly US$ 76.50 Mn in 2031.

Over the course of the forecast period, the market is expected to register a compound annual growth rate (CAGR) of 4.2%

Consumers are switching towards vegan cosmetic products owing to growing awareness regarding animal welfare. Microalgae extracts have emerged as a suitable vegan substitute for producing cosmetic products, which will create scope for application in cosmetics sector.

Market players are looking to capitalize on anti-inflammatory and anti-microbial properties of microalgae for treating oral disorders. Algal extracts are now used in creating toothpastes, functional chewing gums, and mouthwash as gelling and water binding properties of hydrocolloids are becoming popular in dentistry.

Research on microalgae offered evidence that oral cancer prevention capabilities are present in them and can be used in treating chronic periodontitis and other dental disorders. These factors are expected to fuel the market growth in upcoming years.

Some species of microalgae have shown promising results in treating eye disorders. Zeaxanthin exhibits higher antioxidents properties than other plant sources and acts as a protective covering thus, aiding in eye healing. This has positively influenced the demand of microalgaes in eye product segment.

COVID-19 pandemic hindered the global personal care and cosmetic sales owing as various retail outlets and stores remained shuttered during extensive period of lockdown. Coupled with this, disruptions in transportation and production caused during stringent lockdown also hampered sales to an extent.

Nonetheless, recovery is fast approaching with government easing restrictions after vaccine roll outs.

“Owing to the increasing demand for premium cosmetic items, microalgae-based products manufacturers are focusing on producing high quality products using state of the art production technology. Increasing consumer spending on premium products will boost the market growth over the assessment period,” says the FMI analyst

For more Insights into the Market, Request a Sample of this Report https://www.futuremarketinsights.com/reports/sample/rep-gb-13679

Key Takeaways

• The U.S. is predicted to account for around 89% of the North America market by 2031, driven by rising popularity of vegan and organic products and increasing consumer willingness to buy premium products.
• Growing consumer inclination towards organic and natural personal care products in the U.K. along with the focus on maintaining transparency in raw material and production methods among manufacturers will boost the demand for microalgae personal care products in the country.
• Rising demand for high quality and safe cosmetic products will drive the sales of microalgae personal care and cosmetics in Germany at a CAGR of 3.4% in 2021.
• Increasing use of Spirulina in the treatment of skin issues such as tanning, ageing, and pigment abnormalities along with rising use of microalgae in the production of skin whitening, anti-aging, and pigmentation reduction cosmetic products will drive the market growth.
• Fresh water microalgae segment is anticipated to reach the market valuation of US$ 55.363 million in 2031, owing to its cost effective cultivation and higher yield.
• Increasing adoption of microalgae in creating hair care products due to its anti-bacterial and hair growth boosting properties will support hair care product segment to grow at CAGR of 3.6% over the assessment period.

Competitive Landscape

Euglena, Koninkliijke DSM NV, Sun chlorella, Fuji Chemical Industries Co. Ltd., and Novagreen are the top five market players operating this market. As per the market analysis, they account for more than 35% share in global microalgae personal care and cosmetics market.

With rising popularity of organic products and clean label in personal care and cosmetic sector, market players are focusing on developing new products made from natural ingredients. They are also investing in research and development to keep up with market trends.

For instance,

• Microphyte announced to start project “SCALE” in July 2021, to set-up the largest micro-algae biorefinery near Montpellier, France with the investment of US$ 18 million (15 million Euros).
• Simris is planning to broaden its microalgae platform into Novel Foods and Biomimetics, to process microalgae biomass for skincare applications.
• Yemoja Ltd. launched its new micro-algae synthesized external polysaccharide sulphate (EPS) in April 2021, for anti-aging, anti-inflammatory, and rejuvenation applications in cosmetics.

Some of the leading companies operating in the microalgae personal care and cosmetics market 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
• Kunming Biogenic Co., Ltd.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13679

 More Insights on the Demand for Microalgae Personal Care and Cosmetics Sector

Future Market Insights, in its new study provides an unbiased analysis of the microalgae personal care and cosmetics market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the microalgae personal care and cosmetics market with a detailed segmentation on the basis of

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Schizochytrium
• Euglena
• Nannochloropsis
• Nostoc
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End Use Application:

• Fragrance
• Hair Care
  • Hair Removal
  • Hair Conditioning & Shampoos
  • Hair Color
• Eye Care
• Skin Care
  • Anti-ageing
  • Acne Preparations
  • Moisturizers
  • Skin Whitening Creams
  • UV-protection
  • Others
• Oral Care
• Cosmaceuticals
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/13679

 Key Questions Covered in the Report

• How will the demand for microalgae in personal care and cosmetics sector expand through 2031?
• The market study also highlights projected sales growth for microalgae in personal care and cosmetics sector between 2021 and 2031
• Survey on the demand for microalgae in personal care and cosmetics sector identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Microalgae share analysis in the cosmetics and personal care sector and information on the key companies within the industry
• Coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others affecting demand for microalgae in the personal care and cosmetics sector

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

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As per a study by Future Market Insights (FMI), the demand for microalgae in the food and beverages sector will total US$ US$132.5 Mn by 2031, expanding at a 2.9% CAGR between 2021 and 2031. Demand will be sustained by steadily growing consumer interest for high-quality and natural ingredients in food and beverage products.

The demand for ingredients derived from natural sources will increase, creating opportunities for increasing microalgae applications in the food sector.

A combination of health benefits is often linked with microalgae due to their anti-inflammatory properties, abundance of antioxidants, and hypolipidemic factors. Besides this, studies confirming benefits of microalgae in preventing the onset of chronic diseases because they are rich in Vitamin A, C, and E will guarantee scope for expansion of the market in the near future.

In addition to vitamins, microalgae have anti-cancer properties and help in the prevention of diseases including Alzheimer’s, macular degeneration, and arthritic symptoms. A higher awareness about these health benefits will spur the sales of microalgae in the food and beverage sector.

Driven by a myriad of health benefits and high protein content, Spirulina has established its identity as a ‘superfood’ in the food and beverage industry. Being a rich source of vitamins such as A, B, C, E, and K, and minerals like iron, calcium, potassium, and zinc, Spirulina is identified as a healthy additive in food and beverages industry.

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FMI projects Spirulina to account for over 41% of the demand for microalgae in food and beverages sector in 2021. Growth will continue amid rising focus on making ingredient list cleaner to woo consumers and authorities for certifications.

As per FMI’s regional analysis, demand for microalgae is anticipated to rise considerably in the U.S. market. Approvals from the U.S. Food and Drug Administration (FDA) on various types of microalgae will further promote its application during the forecast period. In addition, presence of major global food industries in the U.S. will support the demand for microalgae in the company years.

“Rising applications of microalgae in functional foods, bakery, and dairy products will continue augmenting the market growth during the forecast period. Driven by these some of the leading food and beverages brands are likely to introduce microalgae in their ingredient list,” says the FMI analyst.

Key Takeaways:

• Demand for Spirulina will gain momentum through 2031, owing to its high-protein content and abundance of vital nutrients.
• Freshwater microalgae are estimated to account for 81% of the total market share, emerging as the most preferred source of microalgae.
• Applications of microalgae in functional foods will witness an uptick during the assessment period.
• The U.S. is anticipated to emerge as a lucrative market, owing to the presence of well-established global food and beverage companies in the country.
• Increasing focus on food quality and safety in the U.K. will create lucrative opportunities for market players.
• China is expected to witness high growth patterns in the market, owing to increasing demand for microalgal food products and widespread awareness regarding probiotics in the country.
• Demand outlook for microalgae in the food and beverage sector in India will remain positive, owing to government initiatives promoting nutritive food supplements.

Prominent Drivers:

• Increasing awareness regarding health benefits associated with microalgae in food and beverages will boost sales in the market.
• Product innovations in microalgae-based bakery and confectionary goods will significantly drive sales.
• Growing demand for natural additives in functional foods will positively shape the sales outlook.

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Competitive Landscape

As per FMI’s analysis, the microalgae market is highly concentrated, with prominent players accounting for maximum market share. As a part of their growth strategies, leading players operating in the market are emphasizing product innovations to establish a firm foothold in the market. For instance:

• In March 2016, U.S.-based beverage company Naked Juice, a subsidiary of PepsiCo, Inc. launched spirulina-based smoothies in the market.
• In November 2018, Allma introduced microalgae-based crispy snacks for health-conscious consumers in the market. The product range includes chlorella blends with flavors such as lemons and carrots, which are available in multiple sizes.

Leading players operating in Microalgae in Food and Beverage Sector Market profiled by FMI include:

• DIC Corporation
• Koninklijke DSM NV
• Roquette Frères
• Fuji Chemical Industries Co., Ltd.
• Yunnan Green-A-Bio-engineering Co Ltd
• Cyanotech Corporation
• BASF SE
• Parry Nutraceuticals
• Beijing Gingko Group
• KDI Ingredients
• Sinoway Industrial Co., ltd.
• INNOBIO Corporation Limited
• Algaecan Biotech Ltd.
• Algatechnologies Ltd.
• Cardax, Inc.
• Igene Biotechnology, Inc.
• Fenchem Biotek Ltd.
• AstaReal Inc.
• Valensa International
• Kunming Biogenic Co., Ltd.

More Insights on FMI’s Study Demand for Microalgae in Food and Beverage Sector

The latest study on demand for microalgae in the food and beverage sector by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Species:

• Spirulina
• Chlorella
• Dunaliella
• Aphanizomenon
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Nostoc
• Phaedactylum

Source:

• Marine Water
• Fresh Water

End-Use Application:

• Bakery and Confectionery
• Meat, Poultry, Fish, and Eggs
• Sauces, Soups, and Dressings
• Seasonings
• Snacks and Cereal
• Dairy Products
• Ice creams
• Food additives (ingredients)
• Medical Nutrition/ Functional Food/ Health Food
• Sports Nutrition
• Energy Drinks
• Baby Food

Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

Get Access to Research Methodology Prepared by Experts@ https://www.futuremarketinsights.com/ask-question/rep-gb-13546

Key Questions Covered in Demand for Microalgae in Food and Beverage Sector Report 

• The report offers detailed insights into microalgae demand outlook in the food and beverage sector for 2021-2031
• The market study also highlights projected sales growth for microalgae in the food and beverage sector between 2021 and 2031
• Demand for microalgae in food and beverage sector survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Demand for microalgae in food and beverage sector study presents share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

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According to market survey conducted by FMI, the demand outlook for microalgae in the pet food sector is estimated to remain fairly positive, surpassing a valuation of US$ 22.2 Mn, with a year-on-year growth of 7% in 2021. The overall demand for microalgae is anticipated to surpass a valuation of US$ 35 million by 2031.

Between 2016 and 2020, the microalgae demand grew at CAGR of 4%. With rising adoption of dogs, cats, and other pets as companions for families, inclusion for microalgae in pet food is expected to grow in order to enhance its nutritional value & palatability of pet food. Against this backdrop, FMI sees prospects for the demand to rise at a CAGR of 4.8% over the forecast period 2021 to 2031.

Thanks to the progressively improving animal healthcare industry, the lifespan of pets has increased. With increasing age of pets, diseases such as cancer, arthritis, separation anxiety, and cardiovascular disease have become more common. As microalgae-based pet supplements assist in maintaining health and alleviating age-related pains and aches in elderly pets, the demand for microalgae in the pet food sector is expected to soar.

Spirulina microalgae is anticipated to register the high demand in the pet food sector. Owing to the presence of high micro- and macronutrients such as iron, protein, vitamins, carotenoids, and gamma-linolenic fatty acids, Spirulina microalgae is expected to account for over 64% of the market share in 2021.

“To cater to increasing demand for microalgae in the pet food industry, companies are focusing on developing innovative products such as anti-anxiety pet pill & pet supplement by using microalgae as a key ingredient. Besides this, Food and Drug Administration (FDA) approval on the use of Spirulina in food and beverage products is likely to fuel the demand for microalgae over the coming years,” says the FMI analyst.

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Key Takeaways from the Study on the Demand Microalgae in the Pet Food Sector 

• Owning to the increasing number of pets owners across North America, the demand for microalgae products in the pet food sector is expected to grow at a CAGR of 3.9% by 2021.
• By 2021, the demand for microalgae in the pet food sector in Germany is likely to reach a valuation of US$ 911.6 thousand.
• Increasing pet adoption in China is estimated to account for over 52% of the market in Asia Pacific.
• Based on application, dog feed is predicted to dominate in terms of end-use applications, accounting for around 46.5% of the global market through 2021.
• Fresh water microalgae are expected to reach a valuation of US$ 2.2 million by 2031, growing at a CAGR of 4.8% over the forecast period.

Key Drivers

• Growing number of pet owners is bolstering the demand for microalgae in the pet food sector.
• Increasing lifespan of pets is spurring the sales of microalgae-based products in the pet food sector.
• Rising awareness regarding the benefits of microalgae-based pet food products is driving the market growth.

Key Restraints

• Availability of substitutes is hampering the demand for microalgae in the pet food industry.
• The outbreak of coronavirus has negatively impacted the sales of microalgae in the pet food industry due to disruption of the supply chain amid lockdown.

Discover more about the survey on the demand for microalgae in the pet food sector with figures and data tables, along with the table of contents.  Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13362

Competitive Landscape

Companies operating the microalgae industry are aiming at developing new products and forging strategic collaboration and acquisition to expand their market share. For instance,

• In May 2016, Now Health Group Inc., an American company, launched its new product in natural pet supplements under the brand “NOW Pets” focusing cats and dogs which includes spirulina microalgae as primary ingredient.
• In June 2020, Evonik, a Germany based company, announced it collaboration with DSM, a company based in Netherlands, to establish a new joint venture named, Veramaris to create a microalgae-based fish oil alternative for fish food.

Some of the prominent players operating in the market profiled by FMI are:

• DIC Corporation
• Koninkliijke DSM NV
• Roquette Frères
• Sun chlorella
• Cellana LLC
• Fuji Chemical Industries Co., Ltd.
• Corbion (TerraVia Holdings)
• Yunnan Green-A-Bio-engineering Co Ltd
• Buggypower
• Cyanotech Corporation
• BASF SE
• Parry Nutraceuticals
• Beijing Gingko Group
• KDI Ingredients
• Algatec (Lusoamoreiras)

More Valuable Insights on Microalgae Market

FMI, in its new report, offers an unbiased demand analysis for microalgae in the pet food sector, analyzing forecast statistics through 2021 and beyond. The study reveals growth projections on the demand for microalgae pet food sector with detailed segmentation:

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Haematococcus
• Crypthecodinium
• Schizochytrium
• Euglena
• Nannochloropsis
• Phaedactylum
• Others

By Source:

• Marine Water
• Fresh Water

By End Use Application:

• Dog Feed
• Cat Feed
• Birds
• Others (Rabbits, Hamsters, etc.)

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/13362

Key Questions Covered in the Report

• The report offers insight into demand outlook for microalgae in pet food sector for the forecast period 2021-2031
• The market study also highlights projected sales growth for microalgae in the pet food sector between 2021 and 2031
• Demand for microalgae in the pet food sector survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Demand analysis for microalgae in the pet food sector, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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The low sodium sea salt market is forecast to exhibit steady growth, with its overall valuation reaching US$ 106.6 Mn in 2021. As per Future Market Insights (FMI), low sodium sea salt sales are expected to surge at 6.6% CAGR between 2021 and 2031. Overall growth forecast for the market will remain positive for the assessment period.

Risingprevalence of blood pressure is by far the most common cause of various ailments in American and Asian countries including China, South Korea, and India. Despite compelling evidence of the benefits of reducing salt intake, long-term salt restriction has proven difficult.

In addition, China and Japan have proposed new voluntary rules for nutrition labelling on packaged foods in an effort to avoid future government mandates. Globally, the per capita expenditure on food and beverages by the global population has increased in recent years.

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Consumers are becoming concerned about the nature of food products, in addition to focusing on ingredient labels. There is a growing interest in transparency. Consumers now have access to smart labels, which allow them to trace the supply chain of items. Consumers are seeking product transparency beyond free-from status, ingredients, and nutritional levels.

Purchasers are looking for information on the items’ origins. However, there are no clear government standards or guidelines surrounding clean labelling practices. Consequently, trust among consumers for brand loyalty has become important in the food and beverage business.

Key Takeaways from the Low Sodium Sea Salt Market Study

• Dry sea salt holds the lead in the global low sodium sea salt market and is expected to grow with a CAGR of 5.5% during the forecast years, owing to logistical benefits.
• Grain form low-sodium sea salt holds the largest market share of 77% of the global low sodium sea salt market. This is attributed to higher consumer acceptance in household cuisine.
• India is emerging as a high potential market in APEJ, exhibiting a CAGR of 12.6%, driven by growing consumer awareness in terms of healthy ingredient options.
• The U.S. continues to lead the North America market, supported by a larger food processing and service industry, accounting for over 88% of the value share.
• Germany is a major market for low sodium sea salt in Europe, supported by the presence of large-scale production and processing facilities.

Who is winning?

Clean label trends have become a catchphrase for promotional and marketing strategies, and companies have capitalized on this to advertise their products. Manufacturers are increasingly implementing cleaner procedures in order to market their clean label food goods, such as spreads, without undermining consumer trust.

Some of the leading companies offering low sodium sea salt are SaltWorks Inc., K+S AG, Cargill, ADM, A&B Ingredients, Selina Naturally, INFOSA, Atacama Sea Salt, and Solo Sea Salt among others.

Low Sodium Sea Salt Market by Category

By Product Type:

• Wet Sea Salt
• Dry Sea Salt

By Form:

• Grain
  • Coarse
  • Semi-Fine
  • Fine
• Flakes
• Spray

By Application:

• Water Softner
• Water Treatment
• De-Icing
• Anticaking
• Flavoring Agent

By Distribution Channel:

• Direct Sales/B2B
• HoReCa
• Indirect Sales
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Independent Small Groceries
  • Wholesale Stores
  • Online Retail
  • Others

By Region:

• North America
• Latin America
• Europe
• APEJ
• Japan
• Oceania
• MEA

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Key Questions Answered in the Report

• What is the current valuation of the low sodium sea salt market?

The low sodium sea salt market is expected to surpass a valuation of US$ 106 Mn by 2021.

• At what rate did the low sodium sea salt market expand between 2020 and 2021?

The low sodium sea salt market exhibited a rise of US$ 5.9 Mn from 2020 to 2021.

• What is the low sodium sea salt market demand outlook?

The low sodium sea salt market will register a gradual rise in demand through 2021 and beyond. As per FMI, the market will register a CAGR of 6.6% between 2021 and 2031.

• What are the key trends prevailing in the low sodium sea salt market?

Leading low sodium sea salt manufacturers are focused on meeting standards required for regulatory requirements. Also, there is an increasing focus on minimizing sodium content further in comparison to conventional offerings.

• What are the key factors driving the sales of low sodium sea salts?

Increasing investments in production technology and infrastructure, the introduction of low sodium processed foods and growing manufacturing activities in emerging economies are key factors boosting sales of low sodium sea salt.

• Which are the top 5 countries exhibiting high demand for low sodium sea salts?

The U.S., China, Germany, India, and Australia are among the leading markets for low sodium sea salt, exhibiting consistently high demand.

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According to Future Market Insights, the frozen pizza market size is forecast to reach US$ 18.32 Bn in 2021. The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.

Frozen pizzas are prepared with a wide range of toppings including vegetables and meat covering both health and taste requirements. They are commonly sold as ready to cook food products.

The rising working population and craving for instant snacks are driving the frozen pizza market. Frozen pizza is sold via store-based retailing including convenience stores, discounters, forecourt retailers, hypermarkets, supermarkets, food specialist and online retail platforms.

Additionally, consumers desire food items that are easier to transport while having a longer shelf life. Fast-paced lifestyles have influenced consumers to seek ready-to-eat foods. Consumers are willing to pay a premium price for products obtained from organic and authentic sources. Producers of frozen pizza are consequently pushed to provide detailed information through labels.

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Consumers are hesitant to buy frozen products owing to concerns over processed ingredients. By providing accurate information about the additives used in FDA-approved frozen foods, manufacturers can gain consumer confidence and long-term brand loyalty.

Key Takeaways from the Frozen Pizza Market Study:

• The U.S. is a leader in the frozen pizza market, accounting for 80.9% of the North America market in 2021, supported by favourable consumer purchase patterns.
• Italy holds the lead in the Europe market with a share of nearly 16%, owing to growing consumption as a staple food.
• Brazil accounts for over 32% of the Latin America market in 2021, aided by favorable changes in consumer cuisine preferences.
• Thin crust pizza accounts for a market share of 63.3% in 2021, owing to the preference for low-calorie products.
• Meat toppings are anticipated to witness lucrative growth with a CAGR of 6.8%, supported by a relatively large meat-eating consumer base.

Who is winning?

Frozen pizza manufacturers are working on development of offerings that mimic freshly prepared pizza with lower calorie and fat content. In addition, manufacturers are focused on R&D to meet consumer demands in established and emerging markets.

While focusing on online retailing amid the pandemic, consumers are choosing from a wide range of products. Producers are promoting internet commerce to expand distribution in previously untapped markets.

Some of the leading companies offering frozen pizza include Frozen Specialties Inc., Nestle S.A., Jubilant Foodworks Limited, Oetker GmbH, Convenio, Foods Pvt. Ltd, Daiya Foods Inc., Giovanni’s frozen pizza, Monte Pizza Crust B.V, General Mills Inc, McCain Foods Ltd, Dr., Connies Pizza, Conagra Brands, Inc. and others.

Frozen Pizza Market by Category

By crust type, frozen pizza market is segmented as:

• Thin Crust
• Thick Crust
• Stuffed Crust

By toppings, frozen pizza market is segmented as:

• Cheese
• Meat
• Fruits and Vegetables
• Others

By sales channel, frozen pizza market is segmented as:

• Store based Retailing
  • Convenience Stores
  • Discounters
  • Forecourt Retailers
  • Hypermarkets
  • Supermarkets
  • Food Specialist
• Online Retail

By size type, frozen pizza market is segmented as:

• Small
• Medium
• Large

By region, frozen pizza market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

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Key Questions Answered in the Report

• What is the current valuation of the frozen pizza market?

The frozen pizza market is projected to surpass a valuation of US$ 18.3 Bn by 2021 end.

• At what rate did the frozen pizza market expand in the last 5 years?

The frozen pizza market exhibited steady growth at a CAGR of 4.8% in the last five years from 2016 to 2020.

• What is the frozen pizza market demand outlook?

The frozen pizza market is expected to register steady growth amid the COVID-19 pandemic in 2020. The market will register a CAGR of 6% between 2021 and 2031.

• What are the key trends prevailing in the frozen pizza market?

Leading frozen pizza manufacturers are focusing on product launches and flavor options. Also, there is a growing focus on nutrition and health including low fat and low-calorie options in the country.

• What are the key factors driving the sales of frozen pizzas?

Increasing demand for frozen convenience foods, improvements in recipes and frozen food storage and transport technology improvements are factors boosting frozen pizza sales.

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The encapsulated flavors and fragrances market worth will total US$ 6.3 billion in 2021, according to Future Market Insights (FMI). Growing at a healthy CAGR of 5.9% for 2021-31, the market is expected to reach US$ 11.2 billion by 2031. Encapsulation processes create functional qualities including the controlled release of aromatic molecules in specific environments. Encapsulated flavors and fragrances are used as excipients in the food and beverage, cosmetics, and personal care sectors for preserving products for long-term use.

Purity, granulation, average molecular weight, colour, and solubility determine the grade of encapsulated products. The wide multi-functional benefits of encapsulated flavours and fragrances are aiding the growth of the global market.

High levels of investments in research and development by key players, particularly in the developed countries, are expected to boost consumption. Another factor driving the market’s growth is the rising demand for functional foods.

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Additionally, manufacturers are using technologies such as spray-drying, which is the most commonly used method in the industry. The emphasis on health and wellness has risen by leaps and bounds.

Healthy drinks with vitamins and natural flavors are becoming popular among consumers. Flavour encapsulation is preferred to chemically synthesized equivalents. Consequently, it is used on fruit and vegetable ingredients without compromising nutritional content. As a result, encapsulated flavour manufacturers have great opportunities to partner with beverage manufacturers and supply encapsulated flavors for health drinks and more.

Key Takeaways from the Encapsulated Flavours and Fragrances Market Study:

• Micro-encapsulation accounted for a market share of 72.9% in 2021 driven by superior functional efficacy and diverse applications.
• Cyclodextrin is anticipated to witness a lucrative growth rate at a CAGR of 9.1%, supported by the growing popularity of prebiotics.
• Germany holds the lead and will account for 24% share in the Europe market in 2021, however, it is registering sluggish growth owing to saturation in the country.
• The U.S. will hold over 88% of the North America market by the end of 2031, driven by demand from matured food and chemical processing sectors.
• South Korea registers the highest growth rate in East Asia at 8% CAGR, supported by demand from the cosmetic, personal care, and pharmaceutical sectors in the country.

Who is Winning?

Encapsulated flavors and fragrances manufacturers are working on delivering unique items to the market to reach a larger customer base. Manufacturers are also working on research and development to meet rising consumer expectations in both existing and emerging markets. Additionally, manufacturers are also focusing on online retailing in the pandemic through various E-commerce websites.

Some of the leading companies offering encapsulated flavours and fragrances are ADM, Cargill Inc, Firmenich Incorporated, Givaudan, Ingredion Incorporated, International Flavours and Fragrances (IFF), Kerry Group, Royal DSM, Sensient Technologies, Symrise AG, Tate & Lyle PLC and others.

Encapsulated Flavors and Fragrances Market by Category

By Product Type:

• Flavour Blends
• Fragrance Blends
• Essential Oils & Natural Extracts
• Aroma Chemicals

By Technology:

• Mechanical
  • Emulsification
  • Spray Drying
  • Spray-Chilling/Cooling
  • Fluidised-Bed Coating
  • Centrifugal Extrusion
• Others
  • Chemical
  • Coacervation
  • Freeze Drying
  • Supercritical Fluid Technique
  • Nano Precipitation
  • Liposomes
• Others

By Wall Material

• Maltodextrin (DE<20)
• Corn syrup solid (DE>20)
• Modified cellulose
• Gum Arabic
• Modified starch
• Gelatin
• Cyclodextrin
• Lecithin
• Whey protein
• Hydrogenated fat
• Others

By End-use:

• Consumer Goods
  • Laundry detergents
  • Fabric softeners and scent boosters
  • Household Care
  • Deodorants
  • Oral Care
  • Skin Cleansing & Care
  • Hair Care (shampoo & conditioner)
• Food and Beverage
  • Chewing gum
  • Baked Foods
  • Confectionery
  • Dairy Products
  • Instant Desserts (Frozen Food)
  • Food Flavors (Snack Food, Cereal, Oatmeal, etc.)
  • Beverage & Instant Drinks & Tea
  • Others (Prepared Dishes, etc.)

By Encapsulated Form:

• Powder
• Paste
• Granules

By Process:

• Micro-encapsulation
• Nano-encapsulation
• Hybrid-encapsulation
• Macro-encapsulation

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

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Key Questions Answered in the Report

• What is encapsulated flavors and fragrances market size?

The overall encapsulated flavors and fragrances market is projected to surpass US$ 6.3 Bn in 2021.

• At what rate did the encapsulated flavors and fragrances market grow in the last five years?

Demand in the encapsulated flavors and fragrances market increased at 4.5% CAGR between 2016 and 2020.

• What are the key trends shaping the encapsulated flavors and fragrances market?

Market players are likely to focus on nano-encapsulation technologies. Cost-effective mechanical encapsulation solutions will remain important in the market.

• Which countries are key producers of encapsulated flavors and fragrances?

The U.S., Germany, U.K., France, and Switzerland are the leading producers of encapsulated flavors and fragrances products.

• What are the key statistics for encapsulated flavors and fragrances market in Japan and South Korea?

Encapsulated flavors and fragrances solutions in Japan and South Korea are expected to hold a 5.2% and 8% CAGR through 2031, respectively.

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The citrus fiber market revenue totaled US$ 110.0 Million in 2021, according to Future Market Insights. Exhibiting a CAGR of 5.2% for 2021-31, the citrus fiber market is expected to reach US$ 184.9 Million by 2031.

Amid soaring competition, the top five players, comprising CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont are expected to account for 41% of citrus fiber market in 2021.

Citrus fiber is often regarded as a neutral-tasting food additive that can extend the shelf life of food products. Under FDA regulations, prohibited food additives including hydrocolloids, phosphates, carrageenan, and others can be successfully replaced by citrus fiber components.

To appeal to the world’s rising health-conscious consumer base, food manufacturers are proactively working on adding citrus fiber ingredients in the production of fat-free edibles.

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In recent years, the demand for dietary fiber has grown significantly. Citrus fruits have received increasing attention from several dietary fiber manufacturers from fruit source. Citrus fruits such as orange, grapefruit, lemon and tangerines/ mandarins are rich sources of dietary fibers with a well-balanced proportion of soluble and insoluble fibers.

Key Takeaways from the Citrus Fiber Market Study

• Food grade citrus fiber will account for 59.6% of the market in 2021, largely driven by applications as additive in the processed food industry.
• Personal care applications will grow at above 8% CAGR aided by clean label trends sweeping       the industry.
• Germany will hold the lead in the Europe market, accounting for over 18% of the value share in 2021, with the growth in the local feed industry.
• The U.S. will hold over 90% of the North America market in 2021, supported by the presence of a matured food processing sector.
• China, driven by a large consumer base, will account for over 55% of the East Asia market through the end of 2031.

Who is Winning?

Citrus fiber is primarily consumed as a functional ingredient in food and beverages, animal feed, pharmaceutical, and cosmetic industries. Emerging countries such as India, China, Indonesia, and Brazil are showing lucrative growth in food, pharma, and cosmetics applications.

Major players in the market are focusing on capacity and geographical expansion strategies in addition to collaborations with local players to bolsters production and distribution operations in untapped markets.

Some of the leading companies offering citrus fiber are Fiberstar, Inc., CEAMSA, CP Kelco, Inc., Herbafoods Ingredients GmbH, Florida Food Products, Inc., Lemont, Golden Health, FUYAN PHARM (Henan), Inc., Nans Products, and Cifal Herbal Private Ltd., among others.

Citrus Fiber Market by Category

By Grade:

• Food Grade
• Pharmaceutical Grade
• Cosmetic Grade

By Source:

• Orange
• Tangerine/Mandarins
• Grapefruit
• Lemons and Lime

By Application:

• Bakery
• Desserts and Ice-cream
• Sauces & Seasonings
• Meat & Egg Replacement
• Beverages
• Flavorings & Coatings
• Snacks & Meals
• Personal Care
• Pharmaceutical
• Other Application

By Function:

• Water Binder & Fat Replacer
• Thickening Gums
• Gelling Gums
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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Key Questions Answered in the Report

• What is citrus fiber market size?

The overall citrus fiber market is projected to surpass US$ 111 Mn in 2021.

• At what rate did the citrus fiber market grow in the last five years?

Demand in the citrus fiber market increased at 4.3% CAGR between 2016 and 2020.

• What are the key trends shaping the citrus fiber market?

Market players are likely to focus on exploring potential new applications for previously untapped revenue streams.

• What is the share of the leading citrus fiber companies?

Leading citrus fiber companies include CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont, who cumulatively account for 41% of the market.

• At what rate will the demand rise in the Europe citrus fiber market?

The Europe citrus fiber market is expected to rise at a CAGR of 4.1% between 2021 and 2031.

• Which are the top five countries driving citrus fiber market demand?

Leading countries driving demand in the citrus fiber market are the U.S., Germany, China, France, and the U.K.

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According Future Market Insights analysis, frozen mackerel market is set to expand at 5.8% CAGR between 2021 and 2031. COVID-19 spurred a surge in demand as consumers exhibited higher inclination for healthy eating.

Driven by this, frozen mackerel sales grew by 5% between 2020 and 2021. Against this backdrop, FMI projects the frozen mackerel market valuation to surpass US$ 1.05 Bn in 2021.

The demand for frozen mackerel derived from aquaculture will continue rising, propelled by its high yield at low cost. Despite this, wild catch is expected to account for over 55% of frozen mackerel sourced by 2031.

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Food service applications are among the fastest growing sales channels for frozen mackerel. Over 75% of seafood consumers, from millennials to baby boomers felt the need for consuming sustainable food. Owing to this, the demand for seafood derived from well-managed sources rather than oceans has grown.

This indicates the readiness of the seafood consumers to accept the change of sources of their food, which also is reflected in their eating habits. Using frozen mackerel also helps restaurants in maintaining menu transparency, thereby aiding their growth. Spurred by these factors, frozen mackerel sales will continue rising through the course of the forecast period.

Key Takeaways from the Frozen Mackerel Market Study

• Horse mackerel will continue leading the market with a share of 55% in 2021. Their easier availability in larger stocks will aid expansion in this segment.
• Whole round mackerel products dominates as top-selling type. It will account with a share of 39% in the year 2021, driven by advantages in logistics and shelf life.
• Inclusion of mackerel in menus, rising disposable income, and increasing awareness about health benefits are driving sales in the U.S. frozen mackerel market. It is estimated to be valued US$ 35.6 Mn in the year 2021.
• China will a value share of 42.9% in East Asia market in 2021. However, it is expected to lose ground to Japan and South Korea in East Asia by the end of 2031.
• Thailand will hold over 30% of the South Asia market in 2021, reflecting growth at a CAGR of 6.4% through the end of the assessment period.

Organic Frozen Mackerel Gaining Traction

Increasing awareness regarding health and wellness is increasing scope for expansion across the globe. Consumers are becoming cautious about ingredients used as well as the source of ingredients in food products. The addition of chemicals or additives, has become a matter of concern as consumers are at wary of adverse reactions.

Consequently, they are exhibiting greater preference for natural and organic products. The production of organic frozen mackerel is limited. Products that are chemical-free, all natural, or organic are increasingly in demand, especially in the U.S. and Europe markets.

Organic and chemical-free mackerel is at new in the frozen product portfolio and is found to be beneficial for health. Driven by this, manufacturers are focusing on certifications to help gain the trust of consumers and offer greater transparency regarding ingredients used.

Who is Winning?

Frozen seafood products account for almost one third of all seafood consumed worldwide, with finfish accounting for slightly more than half of all fresh and frozen items. Players in the frozen mackerel market are striving to develop novel product offering for ready-to-cook frozen mackerel with products like skinless and boneless fillets of frozen mackerel.

Some of the leading companies offering Frozen Mackerel are Ocean Treasure, Kihada Fisheries Co., Ltd, Seven Star Ocean Fisheries Limited, Pinetree Vietnam Company Limited, Subo International Holland, Oman Fisheries Co.S.A.O.G, LONGSHENG AQUATIC PRODUCTS CO.,LTD, Lotana LV LTD, DAISUI CO.,LTD, SARMA FISH S.A.R.L and other.

Frozen Mackerel Market by Category

By Species

• Horse
• Pacific

By Source

• Wild Catch
• Aquaculture

By Type

• Whole Round
• HGT
• Fillet
• Others (flap,Etc)

By Sales channel

• Direct Sales
• Retail Sales
  • Modern Trade
  • Convenience Stores
  • Specialty Food Stores
  • Wholesale Stores
  • Discount Stores
  • Online Retail
  • Other Retail Formats

By Application

• Food Industry
• Pharmaceutical Industry
• Animal Feed
• Pet Food
• Food Service
• Retail

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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Key Questions Answered in the Report

• What is frozen mackerel market size?

Driven by sustainable fishing and consumer health concerns, the global frozen mackerel market is likely to value US$ 1,054.1 Mn in 2021 and it is expected to reach US$ 1,858.0 Mn in 2031.

• At what rate did the frozen mackerel market expand in the last five years?

According to FMI’s analysis, frozen mackerel sales have grown at 4.4% CAGR between 2016 and 2020.The market’s valuation stood at over US$ 1 Bn in 2020.

• What are the key trends shaping the frozen mackerel market?

There is increasing focus on sustainable fishing and aquaculture in the market. Companies are currently focusing on the logistics for frozen foods. Besides this, marketing efforts and different cuts and flavorings are gaining traction.

• What are the key factors driving frozen mackerel market demand?

Key factors fuelling the demand for frozen mackerel include better yield from selective breeding programs, increasing consumption of protein-based food products, and health benefits associated with consumption of mackerel.

• What is the cumulative share of top five companies in the frozen mackerel market?

According to FMI analysis, over 5% of the market share is covered by Ocean Treasure, Kihada Fisheries Co., Ltd, Subo International Holland, Seven Star Ocean Fisheries Limited, and Pinetree Vietnam Company Limited.

• Which are the key exporting countries of frozen mackerel?

China, Japan, Norway, Denmark, and Mauritania are the key exporters of frozen mackerel.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The demand for microalgae in fertilizers sector is forecast to grow at a steady pace, with its overall valuation surpassing US$ 9479 Thousand in 2021, exhibiting 7.7% year on year growth. As per Future Market Insights (FMI) analysis, demand for microalgae in fertilizers sector is expected to surge at an 8.7% CAGR over the course of the assessment period, from 2021 to 2031.

Microalgae is an organic, natural material and is a source of renewable energy obtained from marine or freshwater sources. Various species are finding roles of water retention and nutrition for varying soil profiles.

They have been utilized as a soil conditioner for numerous years in various studies, where liquid preparation and powdered extracts are used satisfactorily on cereal crops, resulting in increased crop yield, higher nutrient uptake, and improved herbicide tolerance.

Dry algae is also gaining traction as compost, assisting in soil binding, making it ideal for use as a bio-fertilizer. As dry algae is an organic material, it may store nutrients and provide them to plants via capillary action for a longer period.

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Conventional chemical fertilizers dissolve in water and settle deep in the ground. Consequently, nutrients in fertilizers become unavailable over time. Microalgae fertilizers are used to resolve this problem. It also increases the soil’s water-holding capacity and the intermolecular space between soil molecules, allowing sufficient aeration to reach the root system.

Consumer preference for organic and environment-friendly fertilizers to enhance crop yield along with increasing concerns about sustainability drive the demand for microalgae in the fertilizers industry. Rising concerns pertaining to reduced soil salinization, greenhouse emissions, and abiotic stress in agriculture are driving the demand for natural ingredient-based fertilizers, supporting the incorporation of microalgae.

Growing Applications of Microalgae Residue

Cyanobacteria and microalgae have numerous applications and are a significant source of bioactive compounds. Generally, microalga is a rich source of essential macro and micro-elements, which can be used as a protein source in food, feed, and fertilizer applications.

Microalgae contain lipids, carbohydrates, and proteins. Lipids extracted from algae are rich in oxygen (O) (26.3%), C (49.0%), N (5.76%) and hydrogen (H) (6.96%).

Untreated microalgae and microalgae biomass are rich in organic matter and macronutrient contents. This supports soil fertility, which in turn helps consumers to gain higher crop yield. Moreover, the cost of microalgae is comparatively low. Therefore, several fertilizer manufacturers utilize algae waste in their products.

Who is Winning?

Key players who are engaging in producing and supplying microalgae in fertilizers sector are actively involved in changing market strategies and expanding production capacities to keep up with the demand for microalgae in the fertilizers sector.

Some of the key players operating in microalgae demand analysis in the animal feed sector include 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, Kunming Biogenic Co., Ltd., and many others.

Demand for Microalgae in Fertilizers Sector by Category

By Species Type:

• Spirulina
• Chlorella
• Dunaliella
• Schizochytrium
• Euglena
• Nannochloropsis
• Nostoc
• Others

By Source:

• Marine water
• Fresh Water

By End Use Application:

• Biofertilizers
• Biocontrole
• Soil microalgae
• Biostimulants
• Fungicide & Insecticide
• Pesticide
• Soil Conditioner
• Agriculture Herbicide
• Animal Repellent
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Ask Our Analyst More about Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-13376

Key Questions Answered in the Report

• What is demand for microalgae in fertilizers sector market size?

Propelled by improvements in research and development and emerging technologies in the fertilizers sector, the global demand for microalgae in fertilizers sector will surpass US$ 9,479.4 Thousand in 2021 and it is also expected to surpass US$ 21,747.6 Thousand by 2031.

• At what rate did the demand for microalgae in fertilizers sector expand in the last five years?

According to FMI’s analysis, demand for microalgae in fertilizers sector sales have grown at 6.6% CAGR between 2016 and 2020. The market’s valuation stood at over US$ 8,805.2 Thousand in 2020.

• What are the key trends shaping the demand for microalgae in fertilizers sector?

Key trends shaping the market include growing environment-friendly and sustainable agricultural practices. Organic farming will continue fuelling the demand for microalgae in the fertilizers sector across the forecast period. High biotechnology potential for soil research is driving consumer attention.

• What are the key factors driving demand for microalgae in fertilizers sectors?

Growing requirements of soil conditioners, efforts to improve abiotic stress tolerance to improve crop yield and stability of soil drive the demand for microalgae in fertilizers sector over forecast period.

• What are the statistics of microalgae demand in the North America fertilizer sector?

Demand for microalgae in the fertilizer sector in North America is set to rise, aided by the demand for bio-fertilizers across the U.S. and Canada. As per FMI research, North America will hold 34.3% of the global demand in 2021.

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