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The global vegan dog food market is primarily driven by the increasing demographics for vegan population. The growing opportunity for vegan dog food due to rising pet ownership, along with increasing demand for healthy pet food products will spur the overall market growth around the world.

According to a new report by Future Market Insights (FMI), the market is set to rise at a CAGR of 6.9% through the end of the forecast period in 2031 with a valuation of over US$ 12.22 Bn. 

The increasing focus on the health of dogs has augmented the market demand for vegan dog food.

Dog owners are looking for food products with higher nutritional value. The growing awareness regarding healthy dog food is propelling the demand of vegan dog food in the market. These aspects are encouraging product launches, subsequently driving overall growth.

• In May 2020, Bond Pet Foods, Inc., has introduced its first consumer product – animal-free, a high-protein dog treat bar. The company is headquartered in the U.S. and work with biotechnology to produce the convenient Protein-Packed treat bar for dogs that has been accepted by veterinary nutritionists for high palatability and digestibility.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13685

Key Takeaways from the Vegan Dog Food Market Study

• In terms of nature, conventional vegan dog food is most preferred and will hold a dominant share of more than 81.2% in 2021. It is expected to grow at a CAGR of 6.0% over the forecast period.
• Kibbles or dry vegan dog food will hold the maximum share of 24.3% in 2021 exhibiting a CAGR of 5.8% in the forecast period.
• Puppies are dominating the global vegan dog food industry in terms of age group with the market share of 53.6% in 2021.
• Among the sales channel, store based retailing is the most preferred and holds a dominant share of more than 86.4% in 2021 and is expected to grow at a CAGR of 6.1% over the forecast period.
• Bags will hold the maximum share of 36.8% in 2021. The use of stand-up bags in the pet food packaging business is the newest trend.

“The expansion of the vegan industry has evidently created opportunities vegan dog food sales. Besides this, awareness regarding their pet’s health and wellbeing has attracted pet owners to shift towards vegan diet for their dogs.” said a lead analyst at FMI

Who is winning?

To meet the rising demand from customers, manufacturers are investing extensively to refresh their stocks with vegan dog food products. For instance:

• In May 2020, Nestlé Purina PetCare, has announced about the series of investments (CHF 100 million) in plants, such as plant-based pet food products, this will further build up the company’s footprint in the Chinese market.
• In November 2019, Nestlé Purina PetCare authoritatively opened its 21st U.S.-based pet care product production unit in the Hartwell. Purina will manufacture its wet pet food brands, including Purina ONE, Pro Plan, and Fancy Feast at its new plant (Hartwell) and mainly serve the south-eastern pet food market.

Some of the key players in vegan dog food market are Mars Incorporated, Hill’s Pet Nutrition, Lafeber Co., Fromm Family Foods LLC., Dave’s Pet Food, Boulder Dog Food Company, L.L.C., Champion Petfoods, Nutro Products Inc., Evanger’s Dog & Dog Food Company, Inc.

Get Valuable Insights into Vegan Dog Food Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the Vegan Dog Food market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the vegan dog food market based on product type (kibble/dry, dehydrated food, treats and chews,   freeze-dried raw, wet food, frozen, powder and freeze-dried food), nature (organic and conventional), by age group (adult, senior, puppy), by packaging (pouches, bags, folding cartons, tubs & cups, can, bottles & jars) (by distribution channel (direct sales/B2B, HoReCa, and indirect sales) across ten major regions North America, Latin America, Europe, APEJ, Japan, Oceania, and MEA.

Key Points Covered in Vegan Dog Food Market Survey

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Vegan Dog Food and How to Navigate
• Recommendation on Key Winning Strategies

For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-13685

Key Questions Answered in the Report

• What is the overall global Vegan Dog Food market value?

The global vegan dog food market is expected to surpass a valuation of US$ 10,560.40 Mn by 2021.

• What is the demand outlook for Vegan Dog Food market?

The vegan dog food market will register a steady rise in demand through 2021. As per FMI, the market is expected to register a CAGR of 6.9% in the forecast period.

• What are the key trends dominant in the Vegan Dog Food market?

The main determining variables are the growing vegan preferences in pet food and manufacturers’ focus on meeting regulatory criteria.

• What are the key factors propelling the sales of Vegan Dog Food?

Increasing health concerns among pet dogs have resulted in a demand for meat-free dog food, as dog owners have become more concerned about their dogs’ health and well-being, are significant reasons driving vegan dog food sales.

• What is the North America Vegan Dog Food market outlook?

North America is a major market for vegan dog food. It will register 4.8% CAGR through the end of 2031.

• What is the cumulative share of the top ten companies in the Vegan Dog Food market?

The top five companies operating in the Vegan dog food market are Nestlé Purina PetCare, Mars Incorporated, Hill’s Pet, Evanger’s Dog & Cat Food Company, Inc., and Rollover Premium Pet Food Ltd.  These companies hold a market share of 30 to 40% of the global vegan dog food market.

• At what rate will the Vegan Dog Food market grow in Europe?

Future Market Insights has forecast the European vegan dog food market to exhibit a CAGR of 6.6% between 2021 and 2031.

• Which are the top 5 countries exhibiting high demand for Vegan Dog Food?

The U.S., Canada, U.K., Japan, Germany and France are among the leading markets for vegan dog food, exhibiting consistently high demand.

• What is the share of the Germany and China Vegan Dog Food markets?

As per Future Market Insights, Germany vegan dog food market accounts for 14.7% in Europe, while China accounts for 37.3% of the East Asia market.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

As per a latest Future Market Insights (FMI) analysis, the demand for microalgae in animal feed sector will top US$ 57.5 Mn in 2021. The overall market is forecast to expand at 3.5% CAGR between 2021 and 2031, reaching a valuation of US$ 80.9 Mn by 2031 end. Growing population, rising demand for animal products, and increasing adoption of pets are some of the factors fuelling the demand for microalgae in animal feed sector.

Rapid urbanization, rising disposable income, and growing awareness regarding benefits of natural antibiotics such as astaxanthin are positively impacting the sales of microalgae products.

Increasing consumption of animal proteins also is creating opportunities for sales of high quality fish and animal feed to derive healthy source of proteins for humans. As a result, microalgae products are gaining traction.

The rise in global population has led to the exploration of alternative sources of energy and food. Microalgae supplements not only benefit animal diets but also add value to the end products. The inclusion of microalgae in animal diets improves overall yield in animals.

Adoption of microalgae as feed ingredients is increasing, especially as a renewable alternative to traditional counterparts such as corn and soybean. It has been found that microalgae have anti-oxidant, anti-microbial and diseases preventing properties that can increase the lifespan of animals and fishes. As a result, they are being increasingly adopted in animal feed.

According to FMI, the surging demand for microalgae products across aquaculture and poultry industries will create scope for the expansion of the market during the forecast period.

Spirulina will lead the market in terms of species type. It is expected to account for a market share of around 39% in 2021. This can be attributed to its highly nutritional properties. North America is one of the leading regions, exhibiting high demand for microalgae. It is expected to account for 36.1% of the global microalgae sales in animal feed sector in 2021.

Request a report sample to gain compressive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13683

“Growing demand for meat and dairy products to cater to the consistently increasingly population will continue to fuel the demand for microalgae in the animal feed sector,” says the FMI analyst.

Key Takeaways from Demand for Microalgae in Animal Feed Market Survey

• The U.S. will account for over 92% of sales in North America through 2031.
• Owing to the increasing sales of meat protein products, the demand for microalgae in Germany animal feed sector is expected to surpass a valuation of US$ 2.5 Mn in 2021.
• Brazil holds more than 52% value share in Latin America, driven by demand from a massive animal husbandry industry.
• Spirulina with its high nutritional properties account for more than 39% of the global market in 2021.
• Freshwater microalgae accounted for 82% of global demand for microalgae in animal feed sector in 2021.

Key Drivers

• Growing demand for meat and dairy products is bolstering the demand for microalgae in the animal feed sector.
• Rising awareness regarding the benefits of microalgae-based animal feed products is aiding the growth of the market.
• High adoption of microalgae products in aquaculture and poultry industry will further escalate the demand.

Key Restraints

• Availability of substitutes is hampering the demand for microalgae in the animal feed sector.
• High cost of microalgae-based animal feed also restraints the demand to some extent.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/ask-question/rep-gb-13683

Competitive Landscape

Key companies operating in the microalgae industry are aiming at developing new products. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

• In July 2021, AstaReal AB, part of the AstaReal Group introduced its astaxanthin brand NOVASTA in the European Market, to support optimal health and nutrition for a variety of animals. NOVASTA is rich in natural astaxanthin, carotenoids, proteins, carbohydrates and essential fatty acids.
• In July 2019 DSM, a global science-based company in nutrition, health and sustainable living, together with Evonik inaugurated their Veramaris 50-50 joint venture’s commercial-scale US$ 200 million production facility in Blair, Neb. (USA. This new site will begin commercial production of omega-3 fatty acids rich EPA and DHA from natural marine algae for sustainable salmon farming.

Some of the prominent players operating in the demand for microalgae in animal feds sector market profiled by FMI 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.,
• Others

More Insights on the Demand for Microalgae in Animal Feed Sector Sales Outlook

FMI provides an unbiased analysis of demand for microalgae in animal feed sector market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for microalgae in animal feed sector with a detailed segmentation on the basis of:

By Species Type:

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

By Source:

• Marine Water
• Fresh Water

By End Use Applications:

• Poultry Feed
• Swine Feed
• Cattle Feed
• Aquaculture Feed
• Equine Feed

By Region:

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

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Key Questions Covered in the Demand for Microalgae in Animal Feed Sector Sales Outlook Report

• The report offers insight into demand for microalgae in animal feed sector demand outlook for 2021-2031
• The market study also highlights projected sales growth for demand for microalgae in animal feed sector market between 2021 and 2031
• Demand for microalgae in animal feed 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 animal feed sector share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Future Market Insights (FMI) sees this as a primary growth driver. In its latest study, FMI predicts vegan cat food sales to increase at 7.2% CAGR between 2021 and 2031.

Pet humanization has recently gotten a lot of attention in the mainstream media throughout the world. In the vegan cat food industry, the change from cat ownership to cat parenting has been a critical and defining development, particularly in industrialized countries.

A pet is owned by more than one-third of families in developed countries. According to the National Pet Owners Survey (2019-20) performed by (APPA) American Pet Products Association, more than 85 million households in the United States had one or more pets.

Rising pet adoption will remain key to expansion of the vegan cat food market. This, coupled with higher degree of awareness pertaining to health and wellness of cats and dogs has piqued pet owners’ interest for vegan pet food.

Get Sample Copy @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13677

Key Takeaways from the Vegan Cat Food Market Study:

North America leads in terms of market share, accounting for 39.2% of the global vegan cat food market in 2021.
Kibble and dry cat food will remain top-selling product category, accounting for a market share of 23.5% in 2021. The kibbles are dried, cooled, and sprayed with a protective coating. They offer higher convenience, which has resulted in their soaring demand.
Vegan cat food demand for adult cats is anticipated to rise CAGR of 6.3% during the forecast period.
Store-based retailing of vegan cat food will continue increasing, accounting for 86.4% of sales in the market 2021.
Based on packaging, the bags segment is accounted for 35.8% of the global vegan cat food market as it is a more cost-effective alternative to the cumbersome containers and jars that were once used in packing.

“The top competitors in the global vegan cat food market have a well-defined product classification system. Manufacturers are concentrating their research and development efforts on developing unique and nutrients enriched products best for the cat’s health,” says a lead FMI’s main analyst

Investing in Research & Development Remains Key Strategy among Leading Manufacturers

Increasing investment in research and development by key players around the world, particularly in the developed world, are projected to accelerate the expansion of the global vegan cat food market shortly.

The increasing demand for plant-based food for both humans and pets around the world is another factor driving the market over the forecast period.

Additionally, manufacturers are introducing various product types like frozen, freeze-dried vegan cat food and various cat treats like crunchy snacks, chew sticks for cats, which will aid in the market’s overall expansion.

Increased awareness regarding what is good for cat health has resulted in a greater focus on improving its weight and maintaining its overall health. Customers choose from a variety of foods and place a high value on product brands. Therefore, manufacturers are continuously working to break into the luxury food goods segment and increase their overall profit margin.

Who is Winning?

Some of the leading companies offering Vegan Cat Food Market are Benevo, Wysong, Evanger’s Dog & Cat Food, Nature’s Recipe, My Aistra, Evolution Diet, Cannapple, Eco Dog and Cats, Nature’s Diet, Dr.goodpet and others.

To reach a large customer base, vegan cat food industry producers are aiming at product launches to offer greater health benefits. This also has resulted in higher focus on research and development.

Additionally, COVID-19 outbreak has caused manufacturers to focus on online retailing to reach customers through E-commerce websites.

Get TOC @ https://www.futuremarketinsights.com/reports/vegan-cat-food-market/table-of-content

Get Valuable Insights into Vegan Cat Food Market

Future Market Insights, in its new offering, provides an unbiased analysis of the vegan cat food market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the vegan cat food market based on product type (kibble/dry, dehydrated foods, treats and chews, freeze-dried raw, wet food, frozen, powder, freeze-dried food), by age group (kitten and Adults), and by distribution channel (Online Retailers, Store-based Retailing  ) and by packaging (bags, bottles & jars, cans, folding cartons, pouches, tubs & cups) across seven major regions.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com

Microalgae is extensively used for its antioxidant properties that promote skin health by increasing moisture retention, and elasticity, surpassing other carotenoids and commonly used antioxidants. According to a recent report by Future Market Insights the demand for microalgae in the personal care and cosmetics sector is expected to cross US$ 76.5 Mn by 2031.

A series of human studies conducted by numerous leading companies in this field including BASF SE, BGG, and Fuji Chemical Industry suggested that microalgae could visibly and significantly reduce the depth of wrinkles and the appearance of skin texture, by minimizing age spots, while improving moisture content.

Microalgae is gaining interest for its roles as a preventative and reparative anti-aging agent. Microalgae helps to protect eyes from oxidative stress and radiation. Species such as chlorella is helpful for prevention of eye diseases.

Zeaxanthin is a photoprotective pigment found in plants and algae that displays stronger antioxidant activity than other plant sources. Zeaxanthin, like lutein, plays a protective role and aids in eye healing. These factors are encouraging the production and consumption of microalgae eye products.

For Instance, in April 2019, Microalgae ingredient specialist AlgaTechnologies Ltd. (Algatech) launched a new product within its astaxanthin product line – AstaPure EyeQ – a microencapsulated, cold water-soluble, 2 percent astaxanthin powder, marketed for promoting superior vision functionalities.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13679    

Key Takeaways from the Demand for Microalgae in Personal & Cosmetics Sector Study:

• The U.S. is estimated to account for 89.9% of the North America market in 2021, supported by a strong clean label movement in the American personal care industry.
• China is estimated to account for 41.9% of the Asia Pacific in 2021, driven by easy access to raw materials and lower labour costs.
• Germany accounted for over 17% of the Europe market in 2021, driven by concerns over the side effects of synthetic ingredients in conventional cosmetics.
• Fresh water microalgae will reflect an above average 3.7% CAGR through 2031 owing to easier availability and higher yield.
• Spirulina products account for over 38% of the market, owing to widespread cultivation and cost-effective yields for personal care and cosmetics manufacturers.

“Consumers value quality above all. As a result, companies engaged in microalgae-based products manufacturing are investing in R&D to offer high-quality products, while focusing on adopting cutting-edge technology that will enable players to maintain premium standard in the personal care and cosmetics sector,” said a lead analyst at FMI.

Who is Winning?

Manufacturers of cosmetic ingredients have started customizing their products to suit the needs of their clients, and the applications for which such ingredients are required. Moreover, the increasing demand for clean label and natural products in the cosmetic and personal care industry has pushed manufacturers to invest in R&D facilities to innovate products as per market trends.

Some of the leading companies offering microalgae in the personal care and cosmetics 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, Kunming Biogenic Co., Ltd., and others.

Get Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the demand for microalgae in personal & cosmetics sector presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for microalgae in personal & cosmetics sector based on species type (spirulina, chlorella, dunaliella, haematococcus, schizochytrium, euglena, nannochloropsis, nostoc, phaedactylum, and others), by source (marine water and fresh water), and by end use application (fragrance, hair care, eye care, skin care, oral care, cosmaceuticals, and others) across five major regions.

For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-13679

Key Questions Answered in the Report

• What does the demand for microalgae in the personal care and cosmetics sector total?

In 2021, demand for microalgae for personal care and cosmetics will account for around US$ 50 Mn.

• What is the share of the top players driving demand for microalgae in the personal care and cosmetics sector?

Euglena, Koninkliijke DSM NV, Sun chlorella, Fuji Chemical Industries Co., Ltd., and Novagreen cumulatively account for 35-40% of the market.

• Which are the top 5 countries driving demand for microalgae in the personal care and cosmetics sector?

The U.S., China, Germany, and the U.K. consistently reflect high demand for microalgae products.

• Which countries are key producers of microalgae for the personal care and cosmetics sector?

India, China, Spain, and Germany are leading producers of microalgae for personal care and cosmetics products.

• What is the global demand growth rate for microalgae in the personal care and cosmetics sector between 2020 and 2021?

The demand for microalgae in the personal care and cosmetics sector rose by 4.00% from 2020 to 2021.

• At what rate will the demand for microalgae in the personal care and cosmetics sector of North America rise?

The demand for microalgae in the personal care and cosmetics sector in North America will grow at 3.6% CAGR through 2031.

• What are the prospects for demand for microalgae in the Europe personal care and cosmetics sector?

The demand for microalgae in the personal care and cosmetics sector in Europe will rise at 4% CAGR through 2031.

• What are the key statistics of South Korea and Japan’s demand for microalgae in the personal care and cosmetics sector?

South Korea and Japan accounted for 3.5% and 4.6% of the East Asia market in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

The demand for microalgae in the food and beverage sector is expected to reach a value of US$ 99,623.3 Thousand in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 1, 32,531.2 Thousand by 2031, rising at a CAGR of 2.9% for 2021-31.

Use of microalgae in enhancing taste, texture, flavor, aroma, and nutritional value of food products are key factors encouraging microalgae applications in the food and beverage sector. According to a recent FMI report, the demand for microalgae in food and beverage sector will surpass a valuation of over US$ 99,623.3 Thousand in 2021, rising at a CAGR of around 3% through the end of 2031.

Microalgae products are specialized in terms of applications. This is a key factor that increases the product’s market worth. The fact that microalgae are considered clean label adds to their appeal. Due to myriad potential applications, further research is being conducted to optimize microalgae use for profitability.

Microalgae are also being used increasingly in dairy, bread, confectionery, and snacking items for flavour, texture, colour, and as a stabiliser. Because of the increased demand for microalgae, top manufacturers are seeking to expand their distribution networks to reach a larger audience.

Spirulina is found in a range of health and functional beverages. With demand from younger consumer demographics rising, spirulina juice and smoothies are launched in limited markets, indicating a huge scope of growth in the near future.

In 2016, Spira Inc., a U.S. based Biotechnology startup launched a new beverage drink made only from live Spirulina. Similarly, In March 2016, Naked Juice, a U.S. based beverage manufacturer and a subsidiary of PepsiCo, Inc. starts a juice smoothie made with Spirulina as a primary ingredient.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13546

Key Takeaways from the Demand for Microalgae in Food & Beverage Sector Study:

• The U.S. is estimated to account for more than 91.0% of the North American market in 2021, supported by consumer awareness regarding functional foods and beverages.
• According to FMI’s analysis, China is estimated to account for more than 48% of the Asia Pacific share in 2021, supported by easy availability of raw materials.
• The U.K. is a high potential market in Europe, accounting for over 13% value share, supported by the popularity of clean label trends.
• Freshwater microalgae will hold 81% of the market in 2021 on the back of easy cultivation and faster yield.
• Spirulina products reflect 41% of the market in 2021 owing to a superior nutrient profile for functional foods and beverages.

“With the increasing demand for microalgae-based goods, manufacturers are focusing on offering products at a lower cost. Various organizations have adopted integrated production models to offer cost-effective products to gain competitive edge through 2031,” said a lead analyst at FMI.

Who is Winning?

Consumers value quality and service above all. As a result, businesses are investing in research and development of distinctive and inventive high-quality product. In addition to this, they are focusing on adopting cutting-edge technology that will enable them to maintain high-quality standards.

Some of the leading companies offering microalgae in the food & beverage sector are DIC Corporation, Koninkliijke 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., and Others.

Get Valuable Insights into Demand for Microalgae in Food & Beverage Sector

Future Market Insights, in its new offering, provides an unbiased analysis of the demand for microalgae in food & beverage sector presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for microalgae in food & beverage sector based on species type (spirulina, chlorella, dunaliella, aphanizomenon, haematococcus, crypthecodinium, schizochytrium, euglena, nannochloropsis, nostoc, phaedactylum, and others), by source (marine water and fresh water), and by end use application (bakery & confectionery, meat, poultry, fish, & eggs, sauces, soups, & dressings, seasonings, snacks & cereal, dairy products, ice creams, food additives (ingredients), medical nutrition/ functional food/ health food, sports nutrition, energy drinks, baby food, and others) across five major regions.

Key Points Covered in Demand for Microalgae in Food and Beverage Sector Study

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Demand for Microalgae in Food and Beverage Sector and How to Navigate
• Recommendation on Key Winning Strategies

For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-13546

Key Questions Answered in the Report

• How much is the demand for microalgae in food and beverage sector worth?

The demand for microalgae in food and beverage sector is estimated to be worth over US$ 99,623.3 Thousand by 2021.

• What is the demand outlook forecast for the demand for microalgae in food and beverage sector?

The global demand for microalgae in food and beverage sector is forecasted to surpass US$ 1, 32,531.2 Thousand by the end of 2031.

• What was the last 5-year CAGR for the demand for microalgae in the food and beverage sector?

Between 2016 and 2020, the demand for microalgae in food and beverage sector grew at a 1.6% CAGR.

• What is the share of top 5 players in the demand for microalgae in food and beverage sector?

DIC Corporation, Koninkliijke DSM NV, Roquette Frères, BASF SE, and Parry Nutraceuticals. are leading companies, accounting for 35-40% of the global market.

• Who are the top 5 countries driving demand for microalgae in the food and beverage sector?

The U.S., Germany, the U.K., and China are the top countries reflecting consistently high demand.

• What is the North America demand for microalgae in food and beverage sector outlook?

North America is a leading market which will register a 2.1% CAGR through 2031.

• At what rate will the demand for microalgae in the food and beverage sector increase in Europe?

The demand for microalgae for the food and beverage sector of Europe is projected to grow at a 2.7% CAGR through the assessment period.

• At what rate did the demand for microalgae in the food and beverage sector increased between 2020 and 2021?

The global demand for microalgae in the food and beverage sector rose by 2.5% from 2020 to 2021.

• What are the key statistics of the demand for microalgae in food and beverage sector in South Korea and Japan?

South Korea and Japan account for 0.5% and 0.7% of the global demand for microalgae in the food and beverage sector in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Separation anxiety is an increasingly common condition among pets, particularly among those of urban pet owners. Hectic lifestyle and stress often result in destructive behavior in pets such as shredding, incontinence, and excessive salivation. The efficacy of microalgae in controlling anxiety will support adoption in the long term. According to FMI’s research, the demand for microalgae in pet food sector will hit US$ 22 Mn in 2021, growing at a CAGR of 4.8% through 2031 end.

Travel, boarding, grooming, and visits to the veterinarian can be stressful for pets. Calming and sedative drugs, such as Prozac, can cause pets to become drowsy and lethargic. Pet pills containing microalgae can help alleviate anxiety without causing drowsiness or sluggishness. Microalgae-based pet supplements are becoming popular as they aid in the reduction of anxiety in pets.

The primary driver of the microalgae in the pet food sector market is the rising rate of pet ownership and the resultant demand for nondiscretionary and discretionary products including treats, toys, and other food products.

The increasing adoption of cats and dogs as companions for families is driving the pet food market. Japan for instance, has a larger number of pets as compared to the number of children under 15 years. Microalgae is a primary ingredient in the pet food. Consequently, rising pet adoption is fueling the demand for microalgae in pet food.

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Key Takeaways from the Demand for Microalgae in Pet Food Sector Study:

• China holds the lead in the East Asia market accounting for more than 52% owing toa vast population, and growing trends of pet humanization.
• The U.S. leads the North America market size supported by consumer demand for pet food free of artificial colours, preservatives, and flavours.
• Spirulina products account for a share of 45.6% in 2021, supported by a superior nutritional profile.
• Dog feed applications are estimated to account for 46.5% of the global market in 2021, owing to higher adoption as pets.
• Fresh water microalgae hold 84.4% of the global microalgae market. However, marine water alternatives are expected to rise with a CAGR 6.5%.

“The clean label movement is gaining momentum in response to the rising demand for transparency regarding feed and food ingredients. The demand for microalgae in pet food formulations has grown due to increasing awareness about pet nutrition and health, with easy access to information. These factors will will drive long term growth,” said a lead analyst at FMI.

Naturally Derived Ingredients in Pet Food Market Drives Expansion

Consumers have become more attentive towards pet food and ingredients use than ever before. As natural and organic options become a popular choice for human food, an increasing number of pet owners are looking for similar attributes in food for their pets.

Customers expect pet food that is free of preservatives, artificial colors, and flavors, in addition to checks on toxic pesticides, antibiotics, and synthetic hormones. As a result, naturally derived ingredients such as microalgae are in high demand in pet food and animal feed.

Who is Winning?

To increase penetration in untapped markets, major companies are focusing on product development strategies. Key players operating in the global market also focusing on mergers and acquisitions with the local manufacturers to reach emerging markets such as India, China, and Brazil.

Some of the leading companies offering microalgae in the pet food sector 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, Algatec (Lusoamoreiras), Cyanotech Corporation, BASF SE, Parry Nutraceuticals, Beijing Gingko Group, KDI Ingredients, Sinoway Industrial Co. Ltd and others.

Get Valuable Insights into Demand for Microalgae in Pet Food Sector

Future Market Insights, in its new offering, provides an unbiased analysis of the demand for microalgae in pet food sector presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for microalgae in pet food sector based on species type (spirulina, chlorella, dunaliella, haematococcus, crypthecodinium, schizochytrium, euglena, nanochloropsis, phaedactylum, and others), by source (marine water and fresh water), and by end use application (dog feed, cat feed, birds and others) across five major regions.

For Complete TOC @ https://www.futuremarketinsights.com/reports/microalgae-pet-food-sector/table-of-content

Key Points Covered in Demand for Microalgae in Pet Food Sector Study

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Demand for Microalgae in Pet Food Sector and How to Navigate
• Recommendation on Key Winning Strategies

Key Questions Answered in the Report

• What is the growth outlook for microalgae in the pet food sector?

The demand for microalgae in the pet food sector is projected to grow at a CAGR of 4.8% from 2021 – 2031.

• What is the current microalgae in pet food sector market value?

Microalgae in the pet food sector market is estimated to be valued at US$ 22.1 Mn in 2021.

• What will be the estimated volume growth in demand for microalgae in pet food sector in 2021?

In 2021 the microalgae in pet food sector market accounted for 1653 DW tons.

• At what rate did the demand for microalgae in pet food sector rise in the last 5 years?

Between 2016 and 2020, the demand for microalgae in pet food sector grew at a CAGR of 4%.

• Who are the top players making microalgae available in pet food sector?

The top 5 players of the microalgae in pet food sector market are Koninkliijke DSM NV, Fuji Chemical Industries Co., Ltd., Yunnan Green-A-Bio-engineering Co Ltd., Sun chlorella, and DIC Corporation. These companies cumulatively account for 55-60% of the global market.

• What is the North America demand outlook for microalgae in pet food sector?

The North America demand for microalgae in pet food sector is expected to grow at a moderate CAGR of 3.9%.

• At what rate will the demand microalgae in pet food sector grow in Europe?

The demand for microalgae in pet food sector is forecast to grow at a 4.5% CAGR through 2031 in Europe.

• What is the Y-o-Y growth of the global demand for microalgae in pet food sector?

In 2020 – 2021, the y-o-y growth of the demand for microalgae in the pet food sector hit 7%.

• What are the prospects of demand microalgae in pet food sector in China and Japn for 2021?

In 2021, the China and Japan will account for 52.4% and 11.9% of the East Asia market respectively.

• What are the key trends affecting the demand for microalgae in pet food sector?

Use of pet supplements to reduce anxiety in pets, year-round harvesting, naturally-derived ingredients, preference for quality, and increasing demand from pet owners, cattle farmers, and hobbyists concerning the advantages of microalgae in animals feed are the key trends observed in the market.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.