Summary
The global Algae Paste in Aquaculture Sales Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2020.
Algae paste is used as protein supplement in animal nutrition and aquaculture industry to feed larval fishes, and shrimps, bivalves. The use of algae, along with the best practices of algae farming will produce algae paste with a cost that ranges from $400 to $700 dollars/metric Ton, depending on location and production method.
Market Dynamics
Increasing adoption of algae-based RAS to grow shrimp is expected to propel growth of the algae paste in aquaculture market over the forecast period. For instance, in February 2020, U.S. land-based shrimp farming startup Midland Co. announced to launch its first batch of shrimp to market as the company prepares to continue construction on its recirculating aquaculture system (RAS) facility in Story City, Iowa.
Increasing investment in aquaculture startups is expected to offer lucrative growth opportunities for players in the algae paste in aquaculture market. For instance, in July 2021, Aquaculture startup Aquaconnect raised US$ 4 million in a pre-series A round led by Rebright Partners and Flourish Ventures. Moreover, increasing demand for fish fed on natural marine algal oil is also expected to aid in growth of the market. For instance, in February 2020, Kaufland, a German retailer, introduced salmon fed on a diet containing Veramaris’ natural marine algal oil.
Major players operating in the algae paste in aquaculture market are focused on adopting various strategies to enhance their market share. For instance, in January 2021, The Netherlands-based enterprise Veramaris achieved certification under the joint Aquaculture Stewardship Council Marine Stewardship Council Seaweed (Algae) Standard.
Major players operating in the algae paste in aquaculture market are also focused on adopting partnership strategies to enhance their market share. For instance, in January 2021, AlgaEnergy signed global product distribution and product development agreements with Laboratoire M2 Inc., a Quebec-based biotechnology company.
Key Takeaways
- Increasing adoption of algae-based RAS to grow shrimp is expected to propel growth of the algae paste in aquaculture market over the forecast period
- Major players operating in the algae paste in aquaculture market are focused on expanding penetration of algal-oil fed trout. For instance, in February 2020, Skretting and Veramaris announced that French retail group Auchan is now carrying trout raised on algal oil that imbues it with omega-3 fatty acids.
- Major players operating in the algae paste in aquaculture market include, AlgaEnergy, Aliga Microalgae, Pentair Aquatic Eco-Systems, Aquatic Live Food, BlueBioTech, Brine Shrimp Direct, Innovative Aquaculture Products, Veramaris, Neoalgae, Phycom, PhytoBloom, Reed Mariculture, and Reef Culture
The Algae Paste in Aquaculture Sales Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Algae Paste in Aquaculture Sales Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- AlgaEnergy
- Aliga microalgae
- Pentair Aquatic Eco-Systems
- Aquatic Live Food
- BlueBioTech
- Brine Shrimp Direct
- Innovative Aquaculture Products
- Neoalgae
- Phycom
- PhytoBloom
- Reed Mariculture
- Reef Culture
By Product Type, the market is primarily segmented into:
- Tetraselmis
- Nannochloropsis
- Isochrysis
- Pavlova
- Others
By Applications, the market is segmented into:
- Finfish Hatcheries
- Shellfish Hatcheries
- Shrimp Hatcheries
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The objective of the Algae Paste in Aquaculture Sales Market Report:
- To assess the size of the market by value and volume
- Analyze the Algae Paste in Aquaculture Sales Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Algae Paste in Aquaculture Sales Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Algae Paste in Aquaculture Sales Market
The Algae Paste in Aquaculture Sales Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Algae Paste in Aquaculture Sales Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Algae Paste in Aquaculture Sales Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Algae Paste in Aquaculture Sales Market Share by Application: 2020 VS 2026
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Algae Paste in Aquaculture Sales Market
1.6.1 How the Covid-19 is Affecting the Algae Paste in Aquaculture Sales Market
1.6.1.1 Algae Paste in Aquaculture Sales Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Algae Paste in Aquaculture Sales Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Algae Paste in Aquaculture Sales Market Perspective (2015-2026)
2.2 Algae Paste in Aquaculture Sales Market Growth Trends by Regions
2.2.1 Algae Paste in Aquaculture Sales Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Algae Paste in Aquaculture Sales Market Historic Market Share by Regions (2015-2020)
2.2.3 Algae Paste in Aquaculture Sales Market Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Algae Paste in Aquaculture Sales Market Growth Strategy
2.3.6 Primary Interviews with Key Algae Paste in Aquaculture Sales Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Algae Paste in Aquaculture Sales Market Players by Market Size
3.1.1 Global Top Algae Paste in Aquaculture Sales Market Players by Revenue (2015-2020)
3.1.2 Global Algae Paste in Aquaculture Sales Market Revenue Market Share by Players (2015-2020)
3.1.3 Global Algae Paste in Aquaculture Sales Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Algae Paste in Aquaculture Sales Market Concentration Ratio
3.2.1 Global Algae Paste in Aquaculture Sales Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Algae Paste in Aquaculture Sales Market Revenue in 2019
3.3 Algae Paste in Aquaculture Sales Market Key Players Head office and Area Served
3.4 Key Players Algae Paste in Aquaculture Sales Market Product Solution and Service
3.5 Date of entering into Algae Paste in Aquaculture Sales Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Algae Paste in Aquaculture Sales Market Historic Market Size by Type (2015-2020)
4.2 Global Algae Paste in Aquaculture Sales Market Forecasted Market Size by Type (2021-2026)
5 Algae Paste in Aquaculture Sales Market Breakdown Data by Application (2015-2026)
5.1 Global Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
5.2 Global Algae Paste in Aquaculture Sales Market Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Algae Paste in Aquaculture Sales Market Size (2015-2020)
6.2 Algae Paste in Aquaculture Sales Market Key Players in North America (2019-2020)
6.3 North America Algae Paste in Aquaculture Sales Market Size by Type (2015-2020)
6.4 North America Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
7 Europe
7.1 Europe Algae Paste in Aquaculture Sales Market Size (2015-2020)
7.2 Algae Paste in Aquaculture Sales Market Key Players in Europe (2019-2020)
7.3 Europe Algae Paste in Aquaculture Sales Market Size by Type (2015-2020)
7.4 Europe Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
8 China
8.1 China Algae Paste in Aquaculture Sales Market Size (2015-2020)
8.2 Algae Paste in Aquaculture Sales Market Key Players in China (2019-2020)
8.3 China Algae Paste in Aquaculture Sales Market Size by Type (2015-2020)
8.4 China Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
9 Japan
9.1 Japan Algae Paste in Aquaculture Sales Market Size (2015-2020)
9.2 Algae Paste in Aquaculture Sales Market Key Players in Japan (2019-2020)
9.3 Japan Algae Paste in Aquaculture Sales Market Size by Type (2015-2020)
9.4 Japan Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Algae Paste in Aquaculture Sales Market Size (2015-2020)
10.2 Algae Paste in Aquaculture Sales Market Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Algae Paste in Aquaculture Sales Market Size by Type (2015-2020)
10.4 Southeast Asia Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
11 India
11.1 India Algae Paste in Aquaculture Sales Market Size (2015-2020)
11.2 Algae Paste in Aquaculture Sales Market Key Players in India (2019-2020)
11.3 India Algae Paste in Aquaculture Sales Market Size by Type (2015-2020)
11.4 India Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Algae Paste in Aquaculture Sales Market Size (2015-2020)
12.2 Algae Paste in Aquaculture Sales Market Key Players in Central & South America (2019-2020)
12.3 Central & South America Algae Paste in Aquaculture Sales Market Size by Type (2015-2020)
12.4 Central & South America Algae Paste in Aquaculture Sales Market Size by Application (2015-2020)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Algae Paste in Aquaculture Sales Market Introduction
13.4 Algae Paste in Aquaculture Sales Market Business (2015-2020)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Algae Paste in Aquaculture Sales Market Key Market Segments
Table 2. Key Players Covered: Ranking by Algae Paste in Aquaculture Sales Market Revenue
Table 3. Ranking of Global Top Algae Paste in Aquaculture Sales Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Algae Paste in Aquaculture Sales Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Algae Paste in Aquaculture Sales Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Algae Paste in Aquaculture Sales Market Players to Combat Covid-19 Impact
Table 10. Global Algae Paste in Aquaculture Sales Market Size Growth by Application (US$ Million): 2020 VS 2026
Table 11. Global Algae Paste in Aquaculture Sales Market Size by Regions (US$ Million): 2020 VS 2026
Table 12. Global Algae Paste in Aquaculture Sales Market Size by Regions (2015-2020) (US$ Million)
Table 13. Global Algae Paste in Aquaculture Sales Market Share by Regions (2015-2020)
Table 14. Global Algae Paste in Aquaculture Sales Market Forecasted Market Size by Regions (2021-2026) (US$ Million)
Table 15. Global Algae Paste in Aquaculture Sales Market Share by Regions (2021-2026)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Algae Paste in Aquaculture Sales Market Growth Strategy
Table 20. Main Points Interviewed from Key Algae Paste in Aquaculture Sales Market Players
Table 21. Global Algae Paste in Aquaculture Sales Market Revenue by Players (2015-2020) (Million US$)
Table 22. Global Algae Paste in Aquaculture Sales Market Share by Players (2015-2020)
Table 23. Global Top Algae Paste in Aquaculture Sales Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Algae Paste in Aquaculture Sales Market as of 2019)
Table 24. Global Algae Paste in Aquaculture Sales Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Algae Paste in Aquaculture Sales Market Product Solution and Service
Table 27. Date of entering into Algae Paste in Aquaculture Sales Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 30. Global Algae Paste in Aquaculture Sales Market Size Share by Type (2015-2020)
Table 31. Global Algae Paste in Aquaculture Sales Market Revenue Market Share by Type (2021-2026)
Table 31. Global Algae Paste in Aquaculture Sales Market Size Share by Application (2015-2020)
Table 33. Global Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 34. Global Algae Paste in Aquaculture Sales Market Size Share by Application (2021-2026)
Table 35. North America Key Players Algae Paste in Aquaculture Sales Market Revenue (2019-2020) (Million US$)
Table 36. North America Key Players Algae Paste in Aquaculture Sales Market Share (2019-2020)
Table 37. North America Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 38. North America Algae Paste in Aquaculture Sales Market Share by Type (2015-2020)
Table 39. North America Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 40. North America Algae Paste in Aquaculture Sales Market Share by Application (2015-2020)
Table 41. Europe Key Players Algae Paste in Aquaculture Sales Market Revenue (2019-2020) (Million US$)
Table 42. Europe Key Players Algae Paste in Aquaculture Sales Market Share (2019-2020)
Table 43. Europe Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 44. Europe Algae Paste in Aquaculture Sales Market Share by Type (2015-2020)
Table 45. Europe Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 46. Europe Algae Paste in Aquaculture Sales Market Share by Application (2015-2020)
Table 47. China Key Players Algae Paste in Aquaculture Sales Market Revenue (2019-2020) (Million US$)
Table 48. China Key Players Algae Paste in Aquaculture Sales Market Share (2019-2020)
Table 49. China Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 50. China Algae Paste in Aquaculture Sales Market Share by Type (2015-2020)
Table 51. China Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 52. China Algae Paste in Aquaculture Sales Market Share by Application (2015-2020)
Table 53. Japan Key Players Algae Paste in Aquaculture Sales Market Revenue (2019-2020) (Million US$)
Table 54. Japan Key Players Algae Paste in Aquaculture Sales Market Share (2019-2020)
Table 55. Japan Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 56. Japan Algae Paste in Aquaculture Sales Market Share by Type (2015-2020)
Table 57. Japan Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 58. Japan Algae Paste in Aquaculture Sales Market Share by Application (2015-2020)
Table 59. Southeast Asia Key Players Algae Paste in Aquaculture Sales Market Revenue (2019-2020) (Million US$)
Table 60. Southeast Asia Key Players Algae Paste in Aquaculture Sales Market Share (2019-2020)
Table 61. Southeast Asia Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 62. Southeast Asia Algae Paste in Aquaculture Sales Market Share by Type (2015-2020)
Table 63. Southeast Asia Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 64. Southeast Asia Algae Paste in Aquaculture Sales Market Share by Application (2015-2020)
Table 65. India Key Players Algae Paste in Aquaculture Sales Market Revenue (2019-2020) (Million US$)
Table 66. India Key Players Algae Paste in Aquaculture Sales Market Share (2019-2020)
Table 67. India Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 68. India Algae Paste in Aquaculture Sales Market Share by Type (2015-2020)
Table 69. India Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 70. India Algae Paste in Aquaculture Sales Market Share by Application (2015-2020)
Table 71. Central & South America Key Players Algae Paste in Aquaculture Sales Market Revenue (2019-2020) (Million US$)
Table 72. Central & South America Key Players Algae Paste in Aquaculture Sales Market Share (2019-2020)
Table 73. Central & South America Algae Paste in Aquaculture Sales Market Size by Type (2015-2020) (Million US$)
Table 74. Central & South America Algae Paste in Aquaculture Sales Market Share by Type (2015-2020)
Table 75. Central & South America Algae Paste in Aquaculture Sales Market Size by Application (2015-2020) (Million US$)
Table 76. Central & South America Algae Paste in Aquaculture Sales Market Share by Application (2015-2020)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Algae Paste in Aquaculture Sales Market Business (2015-2020) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Algae Paste in Aquaculture Sales Market Share by Type: 2020 VS 2026
Figure 2. Global Algae Paste in Aquaculture Sales Market Share by Application: 2020 VS 2026
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Algae Paste in Aquaculture Sales Market Report Years Considered
Figure 8. Global Algae Paste in Aquaculture Sales Market Size YoY Growth 2015-2026 (US$ Million)
Figure 9. Global Algae Paste in Aquaculture Sales Market Share by Regions: 2020 VS 2026
Figure 10. Global Algae Paste in Aquaculture Sales Market Share by Regions (2021-2026)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Algae Paste in Aquaculture Sales Market Share by Players in 2019
Figure 13. Global Top Algae Paste in Aquaculture Sales Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Algae Paste in Aquaculture Sales Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Algae Paste in Aquaculture Sales Market Revenue in 2019
Figure 15. North America Algae Paste in Aquaculture Sales Market Size YoY Growth (2015-2020) (Million US$)
Figure 16. Europe Algae Paste in Aquaculture Sales Market Size YoY Growth (2015-2020) (Million US$)
Figure 17. China Algae Paste in Aquaculture Sales Market Size YoY Growth (2015-2020) (Million US$)
Figure 18. Japan Algae Paste in Aquaculture Sales Market Size YoY Growth (2015-2020) (Million US$)
Figure 19. Southeast Asia Algae Paste in Aquaculture Sales Market Size YoY Growth (2015-2020) (Million US$)
Figure 20. India Algae Paste in Aquaculture Sales Market Size YoY Growth (2015-2020) (Million US$)
Figure 21. Central & South America Algae Paste in Aquaculture Sales Market Size YoY Growth (2015-2020) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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