Global Algae Paste in Aquaculture Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence and Industry Outlook, 2016-2026

The global algae paste in aquaculture market is valued US$ 44.7 million in 2018 and is expected to grow at a CAGR of 8.4% during the forecast period.

Aquaculture is still the fastest growing food producing sector in the world. Almost all fish produced from aquaculture are destined for human consumption, although by-products may be used for non-food purposes. Growing aquaculture production followed by increasing consumption of fish products is expected to increase market concentration over the coming years.

The World Bank Group (WBG) Agriculture Action Plan 2013–151 summarizes critical challenges facing the global food and agriculture sector. Global population is expected to reach 9 billion by 2050, and increasing need to secure food and nutrition for the growing population through increased production and reduced waste is expected to drive the global aquaculture industry. The production increase is expected to occur in a context where resources necessary for food production, such as land and water, are even scarcer in a more crowded world, and thus the sector needs to be far more efficient in utilizing productive resources. Further, in the face of global climate change, the world is required to change the ways to conduct economic activities. The demand for fishmeal and fish oil will likely become stronger, given the fast expansion of the global aquaculture and sluggishness of the global capture fisheries that supply their ingredients.

However, Microalgae paste is considered the best alternative to live microalgae during difficult times of production and insufficient rations. Microalgae paste products can be readily used any time. These can be refrigerated for three months without sacrificing their nutritional quality. Thus, with microalgae paste, the worries associated with phytoplankton culture and maintenance can be reduced, if not eliminated.

The algae paste in aquaculture market report provides analysis for the period from 2016 to 2026, where 2019 to 2026 is the forecast period with 2018 as the base year. This report on algae paste in aquaculture covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage is provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the algae paste in aquaculture market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the coming years.

Global Algae Paste in Aquaculture Market Size, 2016-26, (Tons), (US$ Mn)

The global algae paste in aquaculture has been segmented on the basis of algae species and application. Based on algae species, the market is segmented into tetraselmis, nannochloropis, isochyris, pavlova, and others.  On the basis of application, the market can be classified into finfish hatcheries, shellfish hatcheries, and shrimp hatcheries.

The Tetraselmis segment is expected to be the fastest-growing market during the forecast period.

Tetraselmis is expected to be the fastest-growing segment during the forecast period, owing to the fact that it contains natural amino acids that stimulate feeding in marine animals. It is also a good size for feeding brine shrimp. Additionally, Tetraselmis is a standard feed for oysters, clams, mussels, and scallops.

The finfish segment is expected to hold the largest market share during the forecast period

The finfish is anticipated to hold the largest market share during the forecast period. Recent improvements in finfish hatchery production technology for high-value marine finfish species such as groupers have led to an increased interest in setting up hatcheries to produce fingerlings for aquaculture. Small-scale hatcheries make this technology available to poor people in developing countries. Capital costs for small-scale hatcheries are relatively low, and the profitability of these ventures ensures rapid payback of the capital investment.

Region Covered in  Algae Paste in Aquaculture Market

North America

• U.S.
• Canada
• Mexico

Europe

• U.K.
• Germany
• France
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of APAC

LATAM

• Brazil
• Argentina
• Rest of LATAM

Middle East Africa

• South Africa
• GCC
• Rest of MEA

North America region dominated the Algae Paste in Aquaculture market in 2018 and expected to dominate in the coming years

In terms of different regions, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa & Latin America. The United States fish farming sector shows a positive lift over the past few years owing to the economic recovery; the continued slide of domestic capture fisheries; and increase in capital investments in aquaculture.

The Asia-Pacific region is expected to witness the fastest growth during the forecast period. In addition, fisheries and aquaculture play a substantial role in providing vital income generation opportunities to the people. For instance, China, the country with the highest number of fishers and fish farmers, had an estimated more than 15 million engaged in fisheries and aquaculture production in 2018, accounting for about 30 percent of the world’s total.

The major players operating in the global algae paste in aquaculture are AlgaEnergy, Aliga microalgae, Aquatic Live Food, BlueBioTech, Brine Shrimp Direct, Innovative Aquaculture Products, LTD, neo Algae, Phycom, PhytoBloom, Reed Mariculture and Reef Culture. These players have stepped up new product innovations and new product launches, in order to gain more attention from the customers. Additionally, the growth of the market is attributed to geographical expansion, strategic mergers & acquisitions and joint ventures & partnerships, in order to guarantee long-term sustenance in the market.

In March 2019, AlgaEnergy opens its subsidiaries in the United States and India. The biotechnology company is boosting its international expansion plans with the opening of new subsidiaries.

Key Questions Answered in the Report:
• What is the market value of the overall algae paste in the aquaculture market and segments?
• What are the different segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the attractive segments and geographies to invest in?
• What is the market value and volume at the regional and country-level?
• Who are the key market players and their key competitors?
• What are the different strategies that are adopted by the key players in the market?
• How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
• How financially strong are the key players in the algae paste in aquaculture market (on the basis of revenue and profit margin, market capitalization, expenditure analysis, and investment analysis)?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)

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