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Microalgae-based Aquafeed Market, Global Outlook and Forecast 2023-2032

The global Microalgae-based Aquafeed market was valued at US$ 983.2 million in 2022 and is projected to reach US$ 1528.6 million by 2029, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


Aqua feed is special collocation food for aquatic animals considering essential nutrients and ingredients.



This report aims to provide a comprehensive presentation of the global market for Microalgae-based Aquafeed, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microalgae-based Aquafeed. This report contains market size and forecasts of Microalgae-based Aquafeed in global, including the following market information:


  • Global Microalgae-based Aquafeed Market Revenue, 2018-2023, 2024-2032, ($ millions)

  • Global Microalgae-based Aquafeed Market Sales, 2018-2023, 2024-2032, (Ton)


Global top five Microalgae-based Aquafeed companies in 2022 (%)

Global key players include Nutreco, Haid Group, Tongwei Group, BioMar, Cargill, CP Group, Evergreen Feed, New Hope Group, Grobest and Yuehai Feed, etc. Global top six players hold a share about 35 percent in 2019. In terms of application, the Fish Feed is the largest market, with a share over 55%.

We surveyed the Microalgae-based Aquafeed manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Microalgae-based Aquafeed Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Ton)

Global Microalgae-based Aquafeed Market Segment Percentages, by Type, 2022 (%)


  • Spirulina

  • Chlorella

  • Tetraselmis

  • Isochrysis

  • Pavlova

  • Other

Global Microalgae-based Aquafeed Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (Ton)

Global Microalgae-based Aquafeed Market Segment Percentages, by Application, 2022 (%)


  • Larval Fish

  • Molluscs

  • Crustaceans

  • Other

Global Microalgae-based Aquafeed Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Ton)

Global Microalgae-based Aquafeed Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis


  • The report also provides analysis of leading market participants including:

  • Key companies Microalgae-based Aquafeed revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Microalgae-based Aquafeed revenues share in global market, 2022 (%)

  • Key companies Microalgae-based Aquafeed sales in global market, 2018-2023 (Estimated), (Ton)

  • Key companies Microalgae-based Aquafeed sales share in global market, 2022 (%)

Key players include:


  • DSM

  • Cellana Inc

  • Cargill

  • Algatechnologies ltd.

  • Corbion

  • CP Kelco


Outline of Major Chapters:

Chapter 1: Introduces the definition of Microalgae-based Aquafeed, market overview.

Chapter 2: Global Microalgae-based Aquafeed market size in revenue and volume.

Chapter 3: Detailed analysis of Microalgae-based Aquafeed manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Microalgae-based Aquafeed in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Microalgae-based Aquafeed capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports 1.1 Microalgae-based Aquafeed Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Microalgae-based Aquafeed Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Microalgae-based Aquafeed Overall Market Size 2.1 Global Microalgae-based Aquafeed Market Size: 2022 VS 2032 2.2 Global Microalgae-based Aquafeed Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Microalgae-based Aquafeed Sales: 2018-2032 3 Company Landscape 3.1 Top Microalgae-based Aquafeed Players in Global Market 3.2 Top Global Microalgae-based Aquafeed Companies Ranked by Revenue 3.3 Global Microalgae-based Aquafeed Revenue by Companies 3.4 Global Microalgae-based Aquafeed Sales by Companies 3.5 Global Microalgae-based Aquafeed Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Microalgae-based Aquafeed Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Microalgae-based Aquafeed Product Type 3.8 Tier 1, Tier 2 and Tier 3 Microalgae-based Aquafeed Players in Global Market 3.8.1 List of Global Tier 1 Microalgae-based Aquafeed Companies 3.8.2 List of Global Tier 2 and Tier 3 Microalgae-based Aquafee

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