Algae-based Animal Feed and Ingredients Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 188 SKU: IRTNTR40637

Algae-based Animal Feed and Ingredients Market Forecast 2024-2028

The algae-based animal feed and ingredients market size is projected to increase by USD 1.31 billion, at a CAGR of 7.54% between 2023 and 2028. 

The market in APAC is poised for exponential growth, driven by the rising demand for meat and seafood, with factors such as enhanced nutrient availability, improved digestibility, and accelerated animal growth contributing to market expansion. The diverse aquaculture sector in APAC, particularly dominated by small-scale players with substantial government support, especially in countries like China, Indonesia, India, and Vietnam, fuels the demand for commercial fish feed, including algae-based animal feed and ingredients. China, a dominant force in the APAC aquaculture market, takes the lead in production. AB Agri Ltd., a key player, contributes to this market by offering algae-based animal feed and ingredients like Spirulina, enriched with Omega-6 fatty acids, essential vitamins (B vitamins), and minerals (iron, magnesium, zinc). 

Market Overview

The market shows an accelerated CAGR during the forecast period.

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 Market Driver 

The role of biotechnology in preserving algae products is notably driving market development. The introduction of biotechnology is leading to an algae products market revolution with a positive impact on the market. Biotechnology, which is a technique of engineering living organisms by modifying them according to specific purposes, has enough potential to modify algae-based products with regard to nutrition and taste. It has been found that many algae species are flexible to genetic engineering, extracting complex proteins and accumulating high levels of recombinant proteins. It plays an essential role in preventing the growth and acid resistance of Escherichia coli (E. coli) in livestock. Moreover, such ingredients minimize the risk of metabolic disorders and acidosis and also reduce the chances of hoof injuries and infections in bovine farm animals. Other benefits of adopting such ingredients as stock feed include lower cost of veterinary care, better livestock produce, significantly improved income over feed cost, and increased longevity of livestock. Hence, the market in focus is expected to witness increased demand, which will drive the growth of the market. 

Additionally, global algae-based animal feed sales, economic sanctions, and commodity prices have also influenced the dynamics of the market. Supply chain disruptions during the pandemic highlighted the importance of resilient and adaptable sources such as global feedstock production. The increasing awareness of meat consumption and the nutritional benefits of sea kelps or algae, rich in vitamins and antioxidants, further contribute to the market's momentum.

 Market Trends 

Growing demand for algae oil is an emerging trend shaping market development.  As awareness of the nutritional benefits of algae oil increases among end-users, the demand for products such as supplements and animal feed containing omega-3 fatty acids derived from algae is rising. This demand is not only from the human nutrition sector but also from the animal feed and nutrition industry, where algae oil is used as a supplement in the food for pets, livestock, and aquaculture. Algae oil is a rich source of omega-3 fatty acids, particularly docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). These fatty acids are essential for the health of animals, particularly for brain development, good vision, immune response, and inflammatory response regulation. 

Further, the omega-3 fatty acids found in algae oil offer various health benefits for animals, including improved coat and skin health, joint health, cardiovascular health, and cognitive function. These benefits are particularly relevant for companion animals such as dogs and cats, as well as livestock and aquaculture species. Algae oil is free from contaminants, such as heavy metals and pollutants that may be present in fish oil due to environmental pollution. All these factors will have a positive impact and drive the growth of the market during the forecast period.

Market Challenge 

Increasing disease outbreaks in livestock is a significant challenge hindering market growth. Outbreaks of epidemics of contagious diseases that affect livestock lead to the loss of livestock products such as meat, milk, dairy products, and other related products and are a challenge to the animal feed market as well. Consequently, livestock disease outbreaks adversely affect the consumption pattern and also affect the sales and revenue of the animal feed market, including the market. Disease outbreaks disrupt the overall livestock product trade and inhibit sustained investments in livestock production. 

Additionally, animal husbandry farmers are increasingly adding other ingredients to supplement the animal feed. Food safety authorities do not regularly audit the feed used by farmers, which is a major challenge for the animal feed market as well as the market. All these factors can pose a threat to the market during the forecast period.

Market Segmentation by Application

Algae such as spirulina and chlorella are both rich in proteins, essential amino acids, vitamins, minerals, and antioxidants. These nutrients are essential for the health of poultry, their growth, as well as egg production. Incorporating spirulina and chlorella into poultry feed can help meet the nutritional requirements of birds and promote their overall well-being. Algae contain bioactive compounds that have been linked to various health benefits, including improved immune function, resistance to disease, and tolerance to stress in poultry. Further, the major cost is incurred on poultry feed, as it has a significant impact on the health of birds and poultry product quality. Overall, the poultry application segment is expected to be the leading application segment of the market during the forecast period and hence drive the growth of the market during the forecast period.

Market Segmentation by Product

The market share growth by the feed segment will be significant during the forecast period. The expansion of the livestock industry, including those related to poultry and swine farming and aquaculture, has led to a significant rise in the quantity needed to sustain the growing population of these animals and fish. This expansion is driven by factors such as urbanization, dietary changes, and the increasing demand for animal protein from consumers. 

The feed segment was the largest and was valued at USD 1.67 billion in 2018.  

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Overall, the increasing demand for algae as an ingredient in animal feed and ingredients reflects a shift toward nutritionally beneficial alternatives. Rising incomes and urbanization, particularly in developing countries, are leading to greater consumption of meat and other animal products. This trend is driving up the demand to support the expansion of livestock production. Overall, the high demand for animal feed is driven by a combination of factors, including population growth, changing dietary patterns, technological advancements, and a focus on animal health and sustainability, which, in turn, will have a positive impact on the growth of the segment of the market growth and trends during the forecast period.

Key Regions for the Market

APAC is estimated to contribute 37% to the growth of the global market during the forecast period

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional market trends and analysis, and drivers influencing the market's trajectory throughout the forecast period. The increasing production of beef, veal, and chicken in APAC is one of the factors that will drive the growth of the regional algae-based market. Companies in the meat market are increasing their production to meet the rising demand for meat products. This, in turn, will increase the demand for animal products in APAC during the forecast period. 

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.

  • Key Offering- Algea: The company offers algae-based animal feed and ingredients such as brown seaweed Ascophyllum nodosum, these ingredients are rich in fiber, improve digestion, and promote harmonious growth in animals.
  • Key Offering- Alltech Inc.: The company offers algae-based animal feed and ingredients such as Alltech FORPLUS, It is a natural, pure, sustainable, and high-quality energy source that is rich in DHA. Additionally, it is a fish-free, algae-based solution.

The  market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including AB Agri Ltd., Algea, Aliga ApS, Alltech Inc., Anpario Plc, Archer Daniels Midland Co., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., Cellana Inc., Corbion nv, Cyanotech Corp., DIC Corp., Evonik Industries AG, GreenTech Ventures Inc., GRIZZLY PET PRODUCTS, Jedwards International Inc., Kemin Industries Inc., Koninklijke DSM NV, Morning Bird Products, NUQO, Ocean Harvest Technology Group plc, Olmix SA, Solabia Group, and Xiamen Huison Biotech Co. Ltd.

The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook
    • Feed
    • Feed ingredient
  • Application Outlook
    • Poultry
    • Swine
    • Ruminant
    • Aquaculture
  • Distribution Channel Outlook
    • Offline
    • Online
    Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing significant growth driven by the surge in demand for sustainable and environment-friendly feed solutions. Utilizing microalgae and single-cell proteins, this market introduces innovative alternatives like algae meal for livestock, ensuring optimal development and general health. With a focus on renewable feedstock, artificial protein replacements, and functional feed ingredients, it addresses sustainability concerns in animal agriculture. Collaborations and partnerships, along with technological innovations in algae cultivation and feed technology, play a pivotal role. Regulatory support, research and development initiatives, and consumer preference for nutrient-rich and alternative protein sources further propel the market's advancement in the context of global population growth and the evolving landscape of agriculture and food production.

Further, the market witnesses a robust demand for Algal feed ingredients, Marine-based nutrient supplements, and Algal-based peptides. While government encouragement fosters small-scale businesses engaged in seaweed aqua-feed-related agriculture activities, global feedstock production faces challenges from economic sanctions, commodity prices, and pandemic-induced supply chain disruptions. Amidst these dynamics, the market thrives on addressing environmental concerns in livestock farming and aquaculture, offering nutrient-rich animal nutrition through diverse algae species in feed formulations. Regulatory support and standards, alongside innovations in plant-based animal feed segments, contribute to shaping the market's future.

Market Scope

Report Coverage

Details

Page number

188

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.54%

Market growth 2024-2028

USD 1.31 billion

Market structure

USD Concentrated

YoY growth 2023-2024(%)

6.52

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Agri Ltd., Algea, Aliga ApS, Alltech Inc., Anpario Plc, Archer Daniels Midland Co., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., Cellana Inc., Corbion nv, Cyanotech Corp., DIC Corp., Evonik Industries AG, GreenTech Ventures Inc., GRIZZLY PET PRODUCTS, Jedwards International Inc., Kemin Industries Inc., Koninklijke DSM NV, Morning Bird Products, NUQO, Ocean Harvest Technology Group plc, Olmix SA, Solabia Group, and Xiamen Huison Biotech Co. Ltd.

Market dynamics

Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 14: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 15: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global algae-based animal feed and ingredients market 2018 - 2022
      • Exhibit 19: Historic Market Size – Data Table on global algae-based animal feed and ingredients market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
    • 4.5 Geography Segment Analysis 2018 - 2022
      • Exhibit 23: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.6 Country Segment Analysis 2018 - 2022
      • Exhibit 24: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 25: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 28: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 29: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 30: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 31: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 32: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 33: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 34: Chart on Comparison by Product
      • Exhibit 35: Data Table on Comparison by Product
    • 6.3 Feed - Market size and forecast 2023-2028
      • Exhibit 36: Chart on Feed - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 37: Data Table on Feed - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 38: Chart on Feed - Year-over-year growth 2023-2028 (%)
      • Exhibit 39: Data Table on Feed - Year-over-year growth 2023-2028 (%)
    • 6.4 Feed ingredient - Market size and forecast 2023-2028
      • Exhibit 40: Chart on Feed ingredient - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 41: Data Table on Feed ingredient - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 42: Chart on Feed ingredient - Year-over-year growth 2023-2028 (%)
      • Exhibit 43: Data Table on Feed ingredient - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 44: Market opportunity by Product ($ billion)
      • Exhibit 45: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 46: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 47: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 48: Chart on Comparison by Application
      • Exhibit 49: Data Table on Comparison by Application
    • 7.3 Poultry - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Poultry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Poultry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Poultry - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Poultry - Year-over-year growth 2023-2028 (%)
    • 7.4 Swine - Market size and forecast 2023-2028
      • Exhibit 54: Chart on Swine - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 55: Data Table on Swine - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 56: Chart on Swine - Year-over-year growth 2023-2028 (%)
      • Exhibit 57: Data Table on Swine - Year-over-year growth 2023-2028 (%)
    • 7.5 Ruminant - Market size and forecast 2023-2028
      • Exhibit 58: Chart on Ruminant - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 59: Data Table on Ruminant - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 60: Chart on Ruminant - Year-over-year growth 2023-2028 (%)
      • Exhibit 61: Data Table on Ruminant - Year-over-year growth 2023-2028 (%)
    • 7.6 Aquaculture - Market size and forecast 2023-2028
      • Exhibit 62: Chart on Aquaculture - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 63: Data Table on Aquaculture - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Chart on Aquaculture - Year-over-year growth 2023-2028 (%)
      • Exhibit 65: Data Table on Aquaculture - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 66: Market opportunity by Application ($ billion)
      • Exhibit 67: Data Table on Market opportunity by Application ($ billion)

    8 Market Segmentation by Distribution Channel

    • 8.1 Market segments
      • Exhibit 68: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 69: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 8.2 Comparison by Distribution Channel
      • Exhibit 70: Chart on Comparison by Distribution Channel
      • Exhibit 71: Data Table on Comparison by Distribution Channel
    • 8.3 Offline - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 8.4 Online - Market size and forecast 2023-2028
      • Exhibit 76: Chart on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 78: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 79: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 8.5 Market opportunity by Distribution Channel
      • Exhibit 80: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 81: Data Table on Market opportunity by Distribution Channel ($ billion)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Geographic Landscape

    • 10.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 84: Data Table on Market share by geography 2023-2028 (%)
    • 10.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 10.3 APAC - Market size and forecast 2023-2028
      • Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 10.4 North America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 10.5 Europe - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 10.6 South America - Market size and forecast 2023-2028
      • Exhibit 99: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 10.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 10.8 US - Market size and forecast 2023-2028
      • Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 10.9 China - Market size and forecast 2023-2028
      • Exhibit 111: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 10.10 Germany - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 10.11 Japan - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 10.12 UK - Market size and forecast 2023-2028
      • Exhibit 123: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 124: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 125: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 126: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 10.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ billion)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ billion)

    11 Drivers, Challenges, and Trends

    • 11.1 Market drivers
      • 11.2 Market challenges
        • 11.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2023 and 2028
        • 11.4 Market trends

          12 Vendor Landscape

          • 12.1 Overview
            • 12.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 12.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 12.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            13 Vendor Analysis

            • 13.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 13.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 13.3 AB Agri Ltd.
              • Exhibit 135: AB Agri Ltd. - Overview
              • Exhibit 136: AB Agri Ltd. - Product / Service
              • Exhibit 137: AB Agri Ltd. - Key offerings
            • 13.4 Algea
              • Exhibit 138: Algea - Overview
              • Exhibit 139: Algea - Product / Service
              • Exhibit 140: Algea - Key offerings
            • 13.5 Alltech Inc.
              • Exhibit 141: Alltech Inc. - Overview
              • Exhibit 142: Alltech Inc. - Product / Service
              • Exhibit 143: Alltech Inc. - Key offerings
            • 13.6 Anpario Plc
              • Exhibit 144: Anpario Plc - Overview
              • Exhibit 145: Anpario Plc - Product / Service
              • Exhibit 146: Anpario Plc - Key offerings
            • 13.7 Archer Daniels Midland Co.
              • Exhibit 147: Archer Daniels Midland Co. - Overview
              • Exhibit 148: Archer Daniels Midland Co. - Business segments
              • Exhibit 149: Archer Daniels Midland Co. - Key news
              • Exhibit 150: Archer Daniels Midland Co. - Key offerings
              • Exhibit 151: Archer Daniels Midland Co. - Segment focus
            • 13.8 BASF SE
              • Exhibit 152: BASF SE - Overview
              • Exhibit 153: BASF SE - Business segments
              • Exhibit 154: BASF SE - Key news
              • Exhibit 155: BASF SE - Key offerings
              • Exhibit 156: BASF SE - Segment focus
            • 13.9 Cargill Inc.
              • Exhibit 157: Cargill Inc. - Overview
              • Exhibit 158: Cargill Inc. - Product / Service
              • Exhibit 159: Cargill Inc. - Key news
              • Exhibit 160: Cargill Inc. - Key offerings
            • 13.10 Corbion nv
              • Exhibit 161: Corbion nv - Overview
              • Exhibit 162: Corbion nv - Business segments
              • Exhibit 163: Corbion nv - Key offerings
              • Exhibit 164: Corbion nv - Segment focus
            • 13.11 DIC Corp.
              • Exhibit 165: DIC Corp. - Overview
              • Exhibit 166: DIC Corp. - Business segments
              • Exhibit 167: DIC Corp. - Key news
              • Exhibit 168: DIC Corp. - Key offerings
              • Exhibit 169: DIC Corp. - Segment focus
            • 13.12 Evonik Industries AG
              • Exhibit 170: Evonik Industries AG - Overview
              • Exhibit 171: Evonik Industries AG - Business segments
              • Exhibit 172: Evonik Industries AG - Key news
              • Exhibit 173: Evonik Industries AG - Key offerings
              • Exhibit 174: Evonik Industries AG - Segment focus
            • 13.13 Kemin Industries Inc.
              • Exhibit 175: Kemin Industries Inc. - Overview
              • Exhibit 176: Kemin Industries Inc. - Product / Service
              • Exhibit 177: Kemin Industries Inc. - Key offerings
            • 13.14 Koninklijke DSM NV
              • Exhibit 178: Koninklijke DSM NV - Overview
              • Exhibit 179: Koninklijke DSM NV - Business segments
              • Exhibit 180: Koninklijke DSM NV - Key news
              • Exhibit 181: Koninklijke DSM NV - Key offerings
              • Exhibit 182: Koninklijke DSM NV - Segment focus
            • 13.15 NUQO
              • Exhibit 183: NUQO - Overview
              • Exhibit 184: NUQO - Product / Service
              • Exhibit 185: NUQO - Key offerings
            • 13.16 Ocean Harvest Technology Group plc
              • Exhibit 186: Ocean Harvest Technology Group plc - Overview
              • Exhibit 187: Ocean Harvest Technology Group plc - Product / Service
              • Exhibit 188: Ocean Harvest Technology Group plc - Key offerings
            • 13.17 Olmix SA
              • Exhibit 189: Olmix SA - Overview
              • Exhibit 190: Olmix SA - Product / Service
              • Exhibit 191: Olmix SA - Key offerings

            14 Appendix

            • 14.1 Scope of the report
              • 14.2 Inclusions and exclusions checklist
                • Exhibit 192: Inclusions checklist
                • Exhibit 193: Exclusions checklist
              • 14.3 Currency conversion rates for US$
                • Exhibit 194: Currency conversion rates for US$
              • 14.4 Research methodology
                • Exhibit 195: Research methodology
                • Exhibit 196: Validation techniques employed for market sizing
                • Exhibit 197: Information sources
              • 14.5 List of abbreviations
                • Exhibit 198: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
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