Microalgae-based Aquafeed Market Trends & Forecast 2024

The global microalgae-based aquafeed market is forecasted to achieve a valuation of USD 280.6 million in 2024, reflecting an increase from previous estimates. The industry is expected to experience significant growth, with its market size projected to reach USD 576 million by 2034. This robust expansion is fueled by the rising demand for sustainable aquafeed solutions and the growing global consumption of seafood. The compound annual growth rate (CAGR) from 2024 to 2034 is estimated at 8.5%, highlighting the sustained demand for microalgae-based aquafeed across various applications.