Published by mark itwired
Posted on September 17, 2021
According to market survey conducted by FMI, the demand outlook for microalgae in the pet food sector is estimated to remain fairly positive, surpassing a valuation of US$ 22.2 Mn, with a year-on-year growth of 7% in 2021. The overall demand for microalgae is anticipated to surpass a valuation of US$ 35 million by 2031.
Between 2016 and 2020, the microalgae demand grew at CAGR of 4%. With rising adoption of dogs, cats, and other pets as companions for families, inclusion for microalgae in pet food is expected to grow in order to enhance its nutritional value & palatability of pet food. Against this backdrop, FMI sees prospects for the demand to rise at a CAGR of 4.8% over the forecast period 2021 to 2031.
Thanks to the progressively improving animal healthcare industry, the lifespan of pets has increased. With increasing age of pets, diseases such as cancer, arthritis, separation anxiety, and cardiovascular disease have become more common. As microalgae-based pet supplements assist in maintaining health and alleviating age-related pains and aches in elderly pets, the demand for microalgae in the pet food sector is expected to soar.
Spirulina microalgae is anticipated to register the high demand in the pet food sector. Owing to the presence of high micro- and macronutrients such as iron, protein, vitamins, carotenoids, and gamma-linolenic fatty acids, Spirulina microalgae is expected to account for over 64% of the market share in 2021.
“To cater to increasing demand for microalgae in the pet food industry, companies are focusing on developing innovative products such as anti-anxiety pet pill & pet supplement by using microalgae as a key ingredient. Besides this, Food and Drug Administration (FDA) approval on the use of Spirulina in food and beverage products is likely to fuel the demand for microalgae over the coming years,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13362
Key Takeaways from the Study on the Demand Microalgae in the Pet Food Sector
Key Drivers
Key Restraints
Discover more about the survey on the demand for microalgae in the pet food sector with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13362
Competitive Landscape
Companies operating the microalgae industry are aiming at developing new products and forging strategic collaboration and acquisition to expand their market share. For instance,
Some of the prominent players operating in the market profiled by FMI are:
More Valuable Insights on Microalgae Market
FMI, in its new report, offers an unbiased demand analysis for microalgae in the pet food sector, analyzing forecast statistics through 2021 and beyond. The study reveals growth projections on the demand for microalgae pet food sector with detailed segmentation:
By Species Type:
By Source:
By End Use Application:
By Region:
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/13362
Key Questions Covered in the Report
Explore FMI’s Extensive Coverage on Food & Beverage Domain
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Pea Protein Market: ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) provides insights driving Pea Protein Market demand in latest report. Additionally, to find the effect of COVID-19 on the Pea Protein Market in general, the study monitor global fish protein isolate sales in 20+ high-growth markets and addresses their end-user in particular.
Fish Powder Market: In its latest study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers in-depth insights on key factors that influence the demand for Fish powder. The report covers global demand for Fish powder in more than 20 high potential markets, in addition to an in-depth analysis of the impact of COVID-19 on the global Fish powder market.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
T: +1-347-918-3531
F: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: Future Market Insights
LinkedIn | Twitter | YouTube
Report: https://www.futuremarketinsights.com/reports/microalgae-pet-food-sector
Press Release Source: https://www.futuremarketinsights.com/press-release/microalgae-pet-food-sector
The post Demand for Spirulina Microalgae to Account for 64% of Demand for Microalgae in Pet Food Sector by 2021: Future Market Insights Analysis first appeared on Market Research Blog.
According to market survey conducted by FMI, the demand outlook for microalgae in the pet food sector is estimated to remain fairly positive, surpassing a valuation of US$ 22.2 Mn, with a year-on-year growth of 7% in 2021. The overall demand for microalgae is anticipated to surpass a valuation of US$ 35 million by 2031.
Between 2016 and 2020, the microalgae demand grew at CAGR of 4%. With rising adoption of dogs, cats, and other pets as companions for families, inclusion for microalgae in pet food is expected to grow in order to enhance its nutritional value & palatability of pet food. Against this backdrop, FMI sees prospects for the demand to rise at a CAGR of 4.8% over the forecast period 2021 to 2031.
Thanks to the progressively improving animal healthcare industry, the lifespan of pets has increased. With increasing age of pets, diseases such as cancer, arthritis, separation anxiety, and cardiovascular disease have become more common. As microalgae-based pet supplements assist in maintaining health and alleviating age-related pains and aches in elderly pets, the demand for microalgae in the pet food sector is expected to soar.
Spirulina microalgae is anticipated to register the high demand in the pet food sector. Owing to the presence of high micro- and macronutrients such as iron, protein, vitamins, carotenoids, and gamma-linolenic fatty acids, Spirulina microalgae is expected to account for over 64% of the market share in 2021.
“To cater to increasing demand for microalgae in the pet food industry, companies are focusing on developing innovative products such as anti-anxiety pet pill & pet supplement by using microalgae as a key ingredient. Besides this, Food and Drug Administration (FDA) approval on the use of Spirulina in food and beverage products is likely to fuel the demand for microalgae over the coming years,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13362
Key Takeaways from the Study on the Demand Microalgae in the Pet Food Sector
Key Drivers
Key Restraints
Discover more about the survey on the demand for microalgae in the pet food sector with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13362
Competitive Landscape
Companies operating the microalgae industry are aiming at developing new products and forging strategic collaboration and acquisition to expand their market share. For instance,
Some of the prominent players operating in the market profiled by FMI are:
More Valuable Insights on Microalgae Market
FMI, in its new report, offers an unbiased demand analysis for microalgae in the pet food sector, analyzing forecast statistics through 2021 and beyond. The study reveals growth projections on the demand for microalgae pet food sector with detailed segmentation:
By Species Type:
By Source:
By End Use Application:
By Region:
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/13362
Key Questions Covered in the Report
Explore FMI’s Extensive Coverage on Food & Beverage Domain
Low Sodium Sea Salt Market: The Low Sodium Sea Salt Market study by Future Market Insights (FMI) provides a deeper insights on the new trends while incorporating the impact of ongoing trends, and growth & restraining factors during the forecast period of 2021 to 2031. Market dynamics have been presented on the basis of prominent drivers, trends and opportunities prevailing across key geographies for the aforementioned decade.
Pea Protein Market: ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) provides insights driving Pea Protein Market demand in latest report. Additionally, to find the effect of COVID-19 on the Pea Protein Market in general, the study monitor global fish protein isolate sales in 20+ high-growth markets and addresses their end-user in particular.
Fish Powder Market: In its latest study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers in-depth insights on key factors that influence the demand for Fish powder. The report covers global demand for Fish powder in more than 20 high potential markets, in addition to an in-depth analysis of the impact of COVID-19 on the global Fish powder market.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
T: +1-347-918-3531
F: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: Future Market Insights
LinkedIn | Twitter | YouTube
Report: https://www.futuremarketinsights.com/reports/microalgae-pet-food-sector
Press Release Source: https://www.futuremarketinsights.com/press-release/microalgae-pet-food-sector
The post Demand for Spirulina Microalgae to Account for 64% of Demand for Microalgae in Pet Food Sector by 2021: Future Market Insights Analysis first appeared on Market Research Blog.
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