The global market for seaweed-based feed is projected to reach a value of USD 1,251.0 million in 2023, with demand expected to grow at an impressive compound annual growth rate (CAGR) of 16.0% over the forecast period. By 2033, the market is anticipated to reach a total valuation of USD 2,385.6 million.
Several factors are driving the expansion of the seaweed-based feed industry. These include a growing preference for organic and natural feed additives, increasing awareness of the nutritional benefits of seaweed for animal health, and the adoption of sustainable farming practices.
Seaweed-based feed, a rapidly emerging segment in the animal feed industry, is focused on the production, promotion, and distribution of feed products derived from seaweed. This feed is a particularly attractive alternative for various livestock-rearing methods, especially in aquaculture, due to its nutrient-dense and sustainable nature compared to conventional feed sources.
Seaweed products are packed with essential vitamins, minerals, and bioactive compounds that can enhance the growth, health, and overall quality of livestock and farmed aquatic species. These nutritional benefits make seaweed an ideal ingredient for animal feed.
As the need for sustainable feed solutions grows, the demand for seaweed-based feeds is expected to rise. Seaweed production requires less freshwater, land, and fertilizers than traditional feed sources such as fishmeal and soybean meal, making it a more environmentally friendly option. Additionally, seaweed farms improve water quality and capture carbon dioxide, contributing to sustainable aquaculture practices.
A seaweed-based diet offers numerous benefits for aquatic species and livestock, including improved digestion and enhanced nutrient absorption by promoting healthy gut flora. This leads to better feed conversion rates and overall growth. Furthermore, the bioactive compounds in seaweed, such as antioxidants and antimicrobial agents, can boost disease resistance and reduce the need for medications. As a result, the demand for seaweed-based feed is expected to grow strongly through 2033.
Report review: https://www.futuremarketinsights.com/reports/seaweed-based-feed-market
Key Takeaways from the Report:
- The global seaweed-based feed market is expected to reach a valuation of USD 2,385.6 million by 2033.
- Based on the source, the brown seaweed segment is estimated to hold a market share of 38.6% in 2023.
- By application, the aquaculture segment will likely hold a value share of 28.5% in 2023.
- Based on form, the powder segment is set to account for a revenue share of 43.4% in 2023.
- The United States market value is forecast to reach USD 850.5 million by 2033.
- China is poised to expand at a CAGR of 7.6% CAGR through 2033.
- Demand in Australia is estimated to rise at a CAGR of 12.8% between 2023 and 2033.
Key Companies Profiled:
- Algaia
- Symbrosia
- AquAgri Processing Pvt Ltd
- Sea6 Energy
- Cascadia Seaweed
- The Seaweed Company
- Corbion
- Ocean Harvest Technology
- Olmix Group
- Cargill
- Acadian Seaplants
- Other Players
Seaweed-Based Feed Market Outlook by Category:
By Source:
- Red Seaweed
- Brown Seaweed
- Green Seaweed
By Application:
- Aquaculture
- Fish
- Shrimp
- Shellfish
- Others
- Livestock
- Poultry
- Pigs
- Cattle
- Others
- Pet Food
- Dogs
- Cats
- Horses
By Form:
- Powdered
- Pellets
- Liquid
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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