GLOBAL ALGAE-BASED ANIMAL FEED AND INGREDIENTS MARKET 2020-2024
Global Algae-based Animal Feed And Ingredients Market 2020-2024
Technavio has been monitoring the global algae-based animal feed and ingredients market and it is poised to grow by USD 1.13 bn during 2020-2024, progressing at a CAGR of 8% during the forecast period. Our reports on global algae-based animal feed and ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing consumption rate of aquaculture products.In addition, increasing meat and dairy production and consumption is anticipated to boost the growth of the global algae-based animal feed and ingredients market as well.
Technavio's global algae-based animal feed and ingredients market is segmented as below:
- Animal Feed
- Animal Feed Ingredient
- North America
- South America
Key Trends for global algae-based animal feed and ingredients market growth
This study identifies increasing meat and dairy production and consumption as the prime reasons driving the global algae-based animal feed and ingredients market growth during the next few years.
Prominent vendors in global algae-based animal feed and ingredients market
We provide a detailed analysis of around 25 vendors operating in the global algae-based animal feed and ingredients market, including some of the vendors such as Algea, Algae Natural Food, Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, Cellana Inc., Corbion NV, Cyanotech Corp., Duplaco BV and Koninklijke DSM N.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.