Conveyor System Market Analysis, Driver, Trends, Business Overview, Key Value, Demand & Forecast to 2031

The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. FMI has forecasted the conveyor system market to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and the integration of machine learning and the internet of things in material handling solutions.

The mining industry’s demand for conveyor systems is skyrocketing. Mining necessitates the transportation and handling of large amounts of heavy goods and debris. Conveyor systems are an excellent choice for long-distance transportation due to their low cost and low maintenance.

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The manufacturing industry is being driven by rising per capita income and rapid economic growth in developing countries such as India and Brazil. This, combined with automation in the fast-moving consumer goods (FMCG), baggage handling, and manufacturing industries, will have a positive impact on market growth over the forecast period.

Conveyor systems that are automated eliminate human error, improve safety, and increase production volume with high repeatability. Because of these advantages, businesses are implementing modern conveyor systems for material handling processes.

The rise in online retailing activity, combined with rising demand for high-quality goods, will drive the retail industry’s adoption of conveyor and sortation systems. Conveyor systems are being installed by businesses to optimise warehouse spacing, sorting and cross-docking products, and automating the distribution process. Increased online shopping in India, China, Brazil, and Chile will boost the market growth in the coming years.

Key Takeaways from FMI’s Conveyor system Market Study

The North American conveyor system market is forecast to expand at a 3.5% CAGR due to rapid growth in the online retail sector.

Growing adoption of automation in the automotive and manufacturing industry, surging mining and construction activities along with growing e-commerce industry in the U.K. and Germany are the key factors driving the market in Europe.

Population surge, increase in demand for processed food, and the presence of e-commerce giants like Alibaba group will drive the demand for conveyor systems in FMCG and packaging industries in China.

India is expected to offer lucrative opportunities as home to one of the leading retail sectors after the U.S. and China. Steady consumer demand and rising investment toward the expansion of retail infrastructure will boost the demand for advanced material handling systems, such as conveyor systems.

“Increasing penetration of automation in material handling and distribution system and increase in several supermarkets and distribution centres will boost the demand for conveyor system in upcoming years,” says the FMI analyst.

In response to the pandemic, Multi-Conveyor collaborated with East Coast representatives to develop a hand-pack conveyor system to effectively follow social distancing in the workplace and launched “Barrier Spaced Conveyor” in July 2020.

Dürr Group introduced an automated guided vehicle designed for paint shops as a part of its intelligent production initiative in May 2019.

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Prominent players operating in the conveyor system market are:-

  • Daifuku
  • BEUMER GROUP
  • Interroll Holding AG
  • Murata Machinery
  • Schaefer Systems International
  • Dürr Group

 

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Shear Testing Equipment Market Size to Reach US$ 550 Mn by 2032 | Future Market Insights, Inc.

The Shear Testing Equipment Market is anticipated to increase at a high CAGR of 3.3% – 3.6% 2022-2032, reaching a value of US$ 550 Mn by 2032.

The need for ensuring uniformity of materials before using it in the production, construction, and other operations is rising from past few years for safety, and maintenance of product standards. With the increasing need for maintaining industrial standards for ensuring strength and load bearing capacity of different materials, the demand for shear testing equipment is expected to increase over forecast period.

Also, Governments of different countries have been enforcing stringent standards. For example, (American Society for Testing and Materials) ASTM D1002 – 10 is a standard test method for determining shear strength of adhesively bonded single lap joint of metal specimens.

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This standard is used for determining the metal to metal shear strength. Due to such standards, there is a high demand of shear testing equipments in various industries such as manufacturing, construction.

High adoption of shear testing equipment in analysis of shear strength of various type of materials is driving the growth of the market. Shear testing equipment is used for determination of shear strain, stress.

Shear Testing Equipment Market: Drivers and Restraints

The application of shear testing equipment for avoiding the failure or rupture of material is one of the prime factors fuelling the growth of market. The shear testing equipments are available for testing of various types of materials such as rigid substrates, layered composites, and adhesives.

The need for performing shear test of soil in different construction projects such as pavements, dams, levees, roads, excavations, and others are fuelling the shear testing equipment market growth significantly. Increasing research and development activities in laboratories, research institutes to study properties of materials and strength is boosting the shear testing equipment market.

These factors are driving the growth of shear testing equipment market. In addition, the shear testing equipment manufacturers are offering the customizations in their products as per end user requirements which is also boosting the demand for shear testing equipment.

On the other hand, lack of technical knowledge required for using shear testing equipment is one of the major challenges hindering the growth of shear testing equipment market.

Shear Testing Equipment Market: Key Players

Some of the leading manufacturers of shear testing equipment includes Humboldt Mfg. Co., AMETEK.Inc., Controls S.p.A.,  Prolific Engineers, Shimadzu Corporation,  HOVERLABS, and EIE INSTRUMENTS PVT. LTD., and Nordson Corporation. Product innovation is one of the key strategies adopted by shear testing equipment manufacturers. The changing industrial requirements is creating a need for modifications in shear testing equipments.

  • For example, Controls S.p.A., a manufacturer of shear testing equipment offers automatic shear testing machine as SHEARMATIC EmS. This machine is equipped with touch screen display for plotting of numbers and graphical designs, USB pen drive for data storage, network connectivity for remote monitoring of test status from connected devices such as tablets, personal computers, smartphones, and others.

Shear Testing Equipment Market: Region-wise Outlook

Increasing industrialization is one of the prime factors fuelling the growth of shear testing equipment. Considering the demand for shear testing equipment, North American region is dominating the market due to high expenditure on research and development and enforcement of stringent standards in the region.

Manufacturers are focusing on upgrading the equipments by integration of software and relevant features in these equipments.

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Asia Pacific Excluding Japan (APEJ) is expected to register significant CAGR growth rate over forecast period due to increasing construction activities in various countries, which is ultimately increasing demand for shear testing equipment.

The shear testing equipment market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The shear testing equipment market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Shear Testing Equipment Market
  • Technology
  • Value Chain of the Shear Testing Equipment Market
  • Market Drivers and Restraints

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

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Shear Testing Equipment Market: Segmentation

By Equipment Type:

  • Automatic Shear Testing Equipment
  • Residual Shear Testing Equipment
  • Others

By End Use:

  • Manufacturing Industries
  • Research Laboratories
  • Educational Institutes
  • Others

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Agricultural Equipment Market Growth Strategies & Comprehensive Forecast 2022 to 2032

The global agricultural equipment market is expected to be valued at US$ 68.12 Billion in 2022. With the increasing growth of the farm mechanization, coupled with the increase in investments by OEMs for Agricultural Equipment, the overall demand for agricultural equipment is projected to grow at a CAGR of 4.8% between 2022 and 2032, totaling around US$ 108.86 Billion by 2032. The demand for agriculture tools is growing year on year. The governmental bodies provide the appropriate interest schemes to farmers by investing in their farm tools business. Also, the materialization of contract farming has also boosted market growth.

Key players are concerned about endorsing gears approved by international standards such as ISO 25119 Series. It was developed by ISO technical committee ‘ISO/TC 23, Tractors and Machinery for agriculture and forestry, subcommittee SC19. These standards are acknowledged by a run for a longer time period and do not need any recovery time.

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The adoption of technologies including mechanized IoT implementation, AI-based equipment, GPS-enabled equipment, flying drones is aiding the market growth opportunities. Modern agriculture equipment is influencing the manufacturers to develop products that could meet the end-users’ demand. The mechanized equipment are controlled by remote devices through the integration of IoT, which helps to reduce the operational cost and relative operational time.

Additionally, A.I. technology has advent robotics by implementing agriculture robotics, including autonomous tractors, ground-based sensors, and others that help produce food at reasonable costs. This technology has immensely boosted digitalization in the agriculture sector.

The primary factor contributing to the growth of this market is advancement in technology and the increasing adoption of advanced equipment in agriculture furthermore the increasing usage of cost-cutting methodologies for designing farm equipment is contributing to the growth of this market, in addition to this, the growing population has to lead to increased demand for food this is also a major factor driving the growth of Agricultural Equipment Market.

Moreover, the initiatives taken by the government to provide subsidies are having a positive impact on this market. In addition, companies are educating farmers about the loan policies, credit financing and other benefits of contract farming is another factor boosting the market growth. A shift in agriculture activities from animals or manual operations to the automated method is the major factor propelling the growth of the agricultural equipment market.

Key Takeaways from the Market Study

  • Agricultural equipment market value surged at a 1.9% CAGR from 2017 to 2021, reaching US$ 65 Billion
  • North America to emerge as the kingpin, expected to accumulate 54% revenue in 2022
  • Asia Pacific to be a significant contributor, yielding over 2/5th of market revenue
  • Middle East & Africa attracting major investments, generating 36.7% revenue in 2022
  • Agricultural tractors to be most sought after equipment, capturing a market share of 32%
  • By ownership, rental-based equipment to amount to under one-third of overall revenue

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The adoption of technologies including mechanized IoT implementation, AI-based equipment, GPS-enabled equipment, flying drones is aiding the growth opportunities for the Agricultural Equipment Market, remarks an FMI analyst.

Competitive Landscape

Players in the global Agricultural Equipment Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In January 2022, John Deere revealed a fully autonomous 8R tractor. The new tractor features with TruSet-enabled chisel plow, GPS guidance system, and new advanced technologies including six pairs of stereo cameras enabling 360-degree obstacle detection and calculation of distance, and a deep neural network that classifies each pixel of each image in 100 milliseconds.
  • In December 2021, New Holland Agriculture designed a Straddle Tractor to meet the demanding requirements of the narrow vineyards typical of the premium wine growing regions such as Champagne, Médoc, and Burgundy.
  • In November 2021, John Deere developed new material collection systems and mechanical grappleS for compact utility tractors. The New Frontier MG20F Mechanical Grapple offers a quick-attach solution for fast installation and features a 1,200-pound (544 kg) lift capacity.

Key Segments Covered in the Agricultural Equipment Industry Analysis

Agricultural Equipment Market by Product Type:

  • Tractors
  • Rotavators
    • Wheel Type
    • Crawler Type
  • Threshers & Dehuskers
    • Wheel Type
    • Crawler Type
  • Power Tillers
    • Wheel Type
    • Crawler Type
  • Power Weeder
    • Wheel Type
    • Crawler Type
  • Plough
  • Baler
  • Seed Drill
Agricultural Equipment Market by Category:
  • Tractor Pulled / Attachment
  • Self-Propelled
Agricultural Equipment Market by Ownership:
  • Individual
  • Rental
Agricultural Equipment Market by Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Know More About What the Agricultural Equipment Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Agricultural Equipment Market, providing historical data for 2017-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Agricultural Equipment Market, the market is segmented on the basis of product type, category, and ownership across six major regions.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Services Adoption / Usage Analysis

4.2. Services USPs / Features

4.3. Strategic Promotional Strategies

5. Global Agricultural Equipment Market Demand Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2017 – 2021

5.2. Current and Future Market Volume (Units) Projections, 2022 – 2032

5.3. Y-o-Y Growth Trend Analysis

About Industrial Automation at Future Market Insights

The industrial automation team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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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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Refrigeration and Air Conditioning Compressors Market Size, Growth Analysis Report during Forecast 2022 to 2029

A new market research report by Future Market Insights on the refrigeration and air conditioning compressors market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the refrigeration and air conditioning compressors market and provides critical insights for the forecast period of 2022-2029.

As per the findings of the report, the global refrigeration and air conditioning compressors market is expected to experience substantial growth during the forecast period due to multiple driving factors such as increasing retail stores across the globe.

The global refrigeration and air conditioning compressors market value at US$ 34.2 Bn in 2022, and is estimated to increase at a CAGR of 2.7% during the forecast period of 2022-2029. This growth is majorly driven by the increasing consumption of refrigeration and air conditioning compressors in residential applications, commercial applications, and industrial applications.

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Government regulations are expected to play an imperative role in defining the product development and innovation strategies of market players involved in the refrigeration and air conditioning compressor market. In addition, the phase-down of R22 has compelled manufacturers to increase the adoption of R410A, R407C, and R404A, according to the FMI analyst.

East Asia to Offer Lucrative Opportunities

Europe and North America regions are projected to hold significant shares in the global refrigeration and air conditioning compressors market. However, the East Asia market is anticipated to project rewarding growth in the global refrigeration and air conditioning compressors market over the forecast period of 2022-2029.

This is driven by the rapid growth of the food & beverages industry coupled with the rising number of cold supply chain facilities and warehouses in the countries of East Asia such as China and South Korea.

Additionally, macroeconomic factors such as urbanization, growing population, and increasing purchasing power of middle class population, and rising standard of living are some of the other factors that are boosting the growth of refrigeration and air conditioning compressors market.

Residential Industry to Remain Key Consumer of Refrigeration and Air Conditioning Compressors

The global refrigeration and air conditioning compressors market has been segmented on the basis of cooling capacity, types of compressors, their multiple applications, refrigerant, end use, and regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East and Africa.

  • By product, the rotary vane type of the refrigeration and air conditioning compressor segment is estimated to hold significant value shares of the global refrigeration and air conditioning compressors market.
  • On the basis of cooling capacity, the less than 5 kW segment is projected to consume majority share of the global automotive lighting market value. However, the 30 to 100 kW segment is estimated to project a rapid growth in the global refrigeration and air conditioning compressor market.
  • By application, the residential segment is estimated to hold significant value share of the global refrigeration and air conditioning compressors market. This segment is likely to be prominent in the global refrigeration and air conditioning compressors market across all regions. However, the commercial segment is anticipated to grow at a high CAGR during the forecast period. Transportation and medical & healthcare applications are also growing at a moderate CAGR during the forecast period.

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Refrigeration and Air Conditioning Compressors Market: Vendor Insights

The report indicates some of the prominent market players, who are recognized as leaders in the global refrigeration and air conditioning compressors market. Some of the key players in the global refrigeration and air conditioning compressors market are Emerson Electric Co., Danfoss Group, Huayi Compressor Co., Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Midea Group, Panasonic Corporation, LG Electronics, Inc., United Technologies Corporation, MAYEKAWA MFG. CO., LTD., GEA Group AG, Daikin Industries Ltd., and CAREL Industries S.p.A., among others.

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Fire Extinguisher Market by Type, Application, Growth & Demand Analysis by 2031

According to a Future Market Insights (FMI) analysis, the fire extinguisher market is anticipated to reach a value of over US$ 3.6 billion in 2021 and grow at a CAGR of 5.7% from 2021 to 2031. Demand is anticipated to increase over the forecast period as a result of increased applications of fire extinguishers in the industrial and commercial sectors as well as the implementation of strict regulations and building codes.

Future Market Insights has projected the U.S. to remain one of the most lucrative markets through the forecast period. According to the research, the market value was estimated at over US$ 1 Bn in 2021.

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The key factor supporting market expansion in the country is the rise in construction activities, and the enforcement of stringent fire regulations, by bodies such as the National Fire Protection Association (NFPA) which publishes codes and standards intended to minimize the possibility and effects of fire and other risks.

Furthermore, lucrative growth in the defence, marine, and tourism industries also paves the way for market growth in the country to the tune of 5.6% per annum.

Increasing regulations for building design codes in the residential sector will also generate gains in the coming decade. Moreover, manufacturers are investing in R&D activities to offer innovative and technologically advanced product offerings. These factors are expected to positively influence the growth in demand for fire extinguishers during the forecast period.

Key Takeaways of the Fire Extinguisher Market Study

Carbon dioxide extinguishers will account for the leading market share of over 30%, on the back of easy access to raw materials and efficacy in fire control.
Dry chemical fire extinguishers are increasingly adopted, due to their superior efficiency in draught-free conditions.
Germany will emerge as a key market for fire extinguishers on the back of the implementation of stringent codes for ensuring better safety in buildings.
The U.S. dominates the North American market, accounting for over 80% of sales in the region.
China will lead the East Asia market, exhibiting a growth rate of over 6.5% CAGR through the assessment period.

“With the ever-evolving requirements of the global construction industry, demand for fire safety equipment has grown rapidly. Fire extinguishers in particular, have been at the center of these developments in terms of economically feasible solutions. Innovative product offerings have been important for manufacturers to gain competitive benefits,” says an analyst of Future Market Insights.

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Competitive Landscape

The fire extinguisher market is highly fragmented. The penetration of local and regional players makes this market highly competitive. Companies operating in the market are trying various strategies to gain a competitive edge while maintaining their longstanding relationships with several equipment distributors and end-users.

Some of the key players in the market include but are not limited to Kidde, Hochiki Corporation, NAFFCO FZCO, DESAUTEL SAS, HATSUTA SEISAKUSHO Co. Ltd, Yamato Protec Corporation among others.

Find More Valuable Insights

The research report analyzes the market demand trends of the fire extinguisher market. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of fire extinguishers. As per Future Market Insights’ research scope, the fire extinguisher market has been studied and segmented based on pipe size, application, construction material and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market on both, the supply side and demand side.

Fire Extinguisher Market by Category

By Product Type

Water

Air-Pressurized Water

Water-Mist

Foam

Aqueous film-foaming foam

Compressed air foam system

Others

Wet Chemical

Potassium Acetate

Potassium Carbonate

Potassium Citrate

Dry Powder

Carbon Dioxide

Dry Chemical

Others

By Fire Type

Class A
Class B
Class C
Class D
Class K

By End Use

Residential
Commercial
Industrial
Public Areas
Others

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East and Africa (MEA)

About Us

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:

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Animal Feeds Microalgae Market Incredible Possibilities, Growth with Industry Study, Detailed Analysis and Forecast To 2031

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.

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“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.

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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 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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Vegan Cat Food Market Research Report – Opportunities & Challenges With Completely Different Segments, Forecast by 2031

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

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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

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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

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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Personal Care and Cosmetics Microalgae Market- Detailed Survey On Key Trends, Leading Players & Revolutionary Opportunities 2031

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

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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.

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 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

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 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

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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Food and Beverage Microalgae Market Covid-19 Outbreak: Trends Together With Growth Forecast To 2031

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)

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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

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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Pet Food Microalgae Market 2022 Key Strategies, Historical Analysis, Application, Technology, Trends and Opportunities by 2031

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.

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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)

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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

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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