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Dried Algae Meal Market Segmented By Nature such as Organic, Conventional with application such as Food industry, Animal nutrition and feed, Pharmaceuticals, Food supplement, Aquaculture, Others
Algae is a term used for an aquatic eukaryotic organism that have the ability to conduct photosynthesis. Algae may not be closely related and therefore are also known as polyphyletic. Dried meal algae are defined as a dry mixture of algae cells, corn steep liquor, molasses, and ethoxyquin (maximum 0.3%).
The algae cells are the result of controlled fermentation from the pure culture of Spongiococcum genus. The dried algae meal is an excellent source of nutrients, minerals, vitamins, polyunsaturated fatty acids, proteins, antioxidants, and natural colorant and thus finds a large number of applications in food and feed industry.
The dried algae meal when used in food and feed, is responsible for providing enhanced nutritional value, color, improved texture, and resistance to oxidation. The dried algae meal is also used in animal nutrition as it helps in enhancing the immune system, increasing weight, reproductive performance, number of eggs, and reducing cholesterol levels in animals.
Besides, dried algae meal is used in aquaculture as it serves as natural food for the water organisms. Dried algae meal is a source of rich in vitamins and minerals, and thus is used in nutraceuticals and as a mineral additive in the animal feed industry.
The dried algae meal market is anticipated to witness a profitable growth over the forecast year. The increasing advancement and innovation in the food and feed industry are opening the prospects for dried algae meal market. The dried algae meal enhances nutritional values and protein content of the food along with therapeutic factors, thus increasing the demand for dried algae meal.
Another factor responsible for the increasing demand for dried algae meal is its growing application as a feed additive for animal nutrition and betterment. The ever-increasing consumer awareness regarding good quality feed is making the demand for the dried algae meal increase.
The dried algae meal is used in the diet of cows, pigs, chicken sheep, and other domestic animals, as well as aquatic organisms. Also, dried algae meal is a source of food and dietary supplement in the commercial cultivation of aquatic organisms. The dried algae meal is also used a nutraceutical supplement and a food colorant in products like pasta, soups, dressings, etc.
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The key market participants identified across the value chain of the global Dried Algae Meal market are: Cyanotech Corporation, DIC Corporation, TerraVia Holdings, Inc., E.I.D.- Parry (India) Limited, Cellana, LLC, Fuqing King Dnarmsa Spirulina Co. Ltd, Algae.Tec Limited, and Taau Australia Pty Ltd.
The dried algae meal is expected to find increasing market prospects owing to its efficiency and efficacy in the food and feed industry. The regions like North America are expected to have an excellent market opportunity for dried algae meal owing to scientific and technological innovations and developments for algae cultivation and extraction, along with the dominant position of algae in the agri-food market of the regions.
Food and feed industry is anticipated to triumph as the leading application of dried algae meal. Dried algae meal is widely utilized for enhancing the nutritional value of food products and animal feed. The dried algae meal is the future superfood and is anticipated to have a profitable growth over the forecast.
A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes
Some of the key data points covered in our report on include: