Pet Food Microalgae Market Heading for USD 38.3 Million by 2033

The pet food microalgae market is forecast to expand at 5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 24 million in 2023. The pet food industry is in full bloom as the adoption of four-legged human friends is increasing steadily. An increase in pet owners …

Pet Food Microalgae Market to Reach US$ 38.3 million by 2033 | Future Market Insights, Inc.

The pet food microalgae market is forecast to expand at 5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 24 million in 2023. The pet food industry is in full bloom as the adoption of four-legged human friends is increasing steadily. An increase in pet owners …

Pet Food Microalgae Market Expected to Reach US$ 38.3 Million by 2033, Boasting a Steady CAGR of 5%

The Pet Food Microalgae Market has experienced consistent growth over the years, showcasing a promising trajectory. From a value of US$ 21.3 million in 2018, it has steadily risen to US$ 23.16 million in 2022 and is projected to reach US$ 38.3 million by 2033. With a CAGR of 5% from 2023 to 2033, this industry exhibits substantial potential for …

Pet Food Microalgae Market: Expanding Adoption of Nutrient-Rich Microalgae in Pet Food Formulations Drives the Market to Reach US$ 38.3 Million | Future Market Insights

According to FMI, the pet food microalgae industry is expected to reach US$ 24 million by 2023. The market is expected to reach US$ 38.3 million by the end of 2033, while expanding at a CAGR of 5%. Between 2016 and 2020, the microalgae demand grew at CAGR of 4%. With rising adoption of dogs, …