The Global Microalgae-based Aquafeed Market was valued at USD 630.9 Million in 2024 and is projected to reach USD 1.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2024–2030). This robust growth is fueled by rising global seafood demand, the urgent need for sustainable and traceable protein sources, and the superior nutritional profile of microalgae that enhances aquatic animal health and growth rates.

As the aquaculture sector pivots towards more eco-friendly and efficient operations, the focus intensifies on the key ingredient manufacturers pioneering the use of microalgae. In this blog, we profile the Top 10 Companies in the Microalgae-based Aquafeed Industry—a blend of established nutrition giants and specialized biotechnology firms shaping the future of sustainable fish and shellfish farming.

Download FREE Sample Report: Global Microalgae-based Aquafeed Market – View in Detailed Research Report

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🔟 1. DSM

Headquarters: Heerlen, Netherlands
Key Offering: AlgaPrime™ DHA, Other microalgae-based nutritional solutions

DSM is a global leader in health and nutrition, with a significant presence in animal feed. Its AlgaPrime™ DHA is a sustainable, high-quality omega-3 rich ingredient derived from microalgae, designed specifically for aquafeeds to reduce reliance on wild-caught fish oils.

Sustainability Initiatives:

• Partnerships with aquafeed producers to integrate sustainable DHA sources

• Commitment to science-based targets for reducing environmental impact

• Investment in R&D for novel microalgae strains with enhanced nutritional value

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9️⃣ 2. Cellana Inc.

Headquarters: Kailua-Kona, Hawaii, USA
Key Offering: ReNew™ Algae ingredients (Proteins, Omega-3s, Carotenoids)

Cellana is a pioneer in large-scale microalgae production using its patented ALDUO™ technology. The company produces a portfolio of sustainable ingredients for aquafeeds, including proteins and omega-3s that support larval and grow-out stages of various aquaculture species.

Sustainability Initiatives:

• Utilization of non-arable land and seawater to minimize ecological footprint

• Focus on creating a fully sustainable and scalable value chain for algae-based products

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8️⃣ 3. Cargill

Headquarters: Wayzata, Minnesota, USA
Key Offering: Integrated aquafeed solutions incorporating microalgae derivatives

Cargill’s animal nutrition division is a major force in the global aquafeed market. The company actively researches and incorporates microalgae-based ingredients into its feed formulations to improve sustainability profiles and meet the specific nutritional demands of farmed fish and shrimp.

Sustainability Initiatives:

• Developing feed formulations that reduce the Fish-In-Fish-Out (FIFO) ratio

• Strategic collaborations with algae producers to secure sustainable raw materials

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7️⃣ 4. Algatechnologies Ltd.

Headquarters: Kibbutz Ketura, Israel
Key Offering: AstaPure® natural astaxanthin from microalgae

Algatechnologies is a leading producer of natural astaxanthin from the microalgae *Haematococcus pluvialis*. Astaxanthin is a critical carotenoid used in aquafeeds, particularly for salmonids and shrimp, to impart vibrant flesh coloration and support overall health and vitality.

Sustainability Initiatives:

• Closed-tubular photobioreactor system for efficient, contaminant-free cultivation

• Utilization of solar energy in the desert climate for sustainable production

Download FREE Sample Report: Global Microalgae-based Aquafeed Market – View in Detailed Research Report

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6️⃣ 5. Corbion

Headquarters: Amsterdam, Netherlands
Key Offering: AlgaVia® whole algae ingredients (Lipid-rich and Protein-rich)

Corbion produces whole, minimally processed microalgae ingredients under its AlgaVia® brand. These ingredients serve as sustainable sources of lipids and proteins for aquaculture feed, offering functional benefits for feed stability and animal well-being.

Sustainability Initiatives:

• Focus on circular economy principles in algae cultivation

• Development of non-GMO algal strains for clean-label aquafeed solutions

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5️⃣ 6. CP Kelco

Headquarters: Atlanta, Georgia, USA
Key Offering: Alginates and carrageenans derived from seaweed (macroalgae) for feed binders

While primarily focused on macroalgae-derived hydrocolloids, CP Kelco’s expertise in marine-sourced ingredients positions it as a significant player in the broader algae-based feed additive market. Their products are used as binders and texturizers in aquafeed pellets.

Sustainability Initiatives:

• Sustainable sourcing practices for marine biomass

• Investment in R&D for novel marine-derived functional ingredients

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4️⃣ 7. Cyanotech Corporation

Headquarters: Kailua-Kona, Hawaii, USA
Key Offering: Spirulina and Hawaiian Astaxanthin from microalgae

Cyanotech is a veteran in microalgae cultivation, producing high-quality Spirulina and natural astaxanthin from Haematococcus pluvialis. Their products are used in aquafeeds for their high protein content and powerful antioxidant properties.

Sustainability Initiatives:

• Ocean-front facility using deep ocean water for a natural cooling process

• Commitment to non-GMO, pesticide-free production methods

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3️⃣ 8. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Lucantin® carotenoids, including those derived from microalgae sources

BASF, a chemical giant, offers a range of feed ingredients, including carotenoids vital for aquaculture. While sourcing from various origins, their focus includes developing and integrating stable, high-performance microalgae-based pigments into aquafeed solutions.

Sustainability Initiatives:

• Research into sustainable production pathways for feed additives

• Integration of bio-based raw materials into product portfolios

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2️⃣ 9. E.I.D. – Parry (India) Limited

Headquarters: Chennai, India
Key Offering: Spirulina-based animal feed supplements

E.I.D. – Parry is a key player in the Indian market, producing Spirulina for various applications, including aquafeed. Their focus on cost-effective cultivation makes microalgae-based nutrition more accessible to a broader segment of the aquaculture industry.

Sustainability Initiatives:

• Development of integrated biorefinery concepts to utilize algal biomass fully

• Promotion of Spirulina as a sustainable protein source for regional aquaculture

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1️⃣ 10. TerraVia Holdings (Acquired by Corbion)

Headquarters: South San Francisco, California, USA (Historical)
Key Offering: AlgaPrime™ DHA (technology and assets now integrated into Corbion)

Although now part of Corbion, TerraVia was a foundational company in commercializing microalgae-based ingredients for aquafeed. Its legacy technology and products, like AlgaPrime™ DHA, continue to be critical components in the market’s shift toward sustainable omega-3 sources.

Sustainability Initiatives (Historical/Legacy):

• Pioneered heterotrophic fermentation for high-efficiency algae oil production

• Established key partnerships that accelerated the adoption of algal DHA in salmon farming

Get Full Report Here: Global Microalgae-based Aquafeed Market – View in Detailed Research Report

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🌍 Outlook: The Future of Aquafeed Is Blue-Green

The microalgae-based aquafeed market is at a pivotal juncture. While traditional fishmeal and fish oil still constitute a major part of aquafeeds, the industry is investing heavily in algae-based alternatives to ensure long-term sustainability and meet the growing demand for seafood.

📈 Key Trends Shaping the Market:

• Expansion of production capacity for Spirulina and Chlorella for larval and starter feeds

• Rising demand for algal DHA to support the health of species like salmon, shrimp, and marine fish

• Increasing use of microalgae-derived carotenoids (e.g., from Haematococcus pluvialis) for natural coloration

• Growth in integrated multi-trophic aquaculture (IMTA) systems that utilize microalgae

Get Full Report Here: Global Microalgae-based Aquafeed Market – View in Detailed Research Report

The companies listed above are not only feeding a growing global population—they are fundamentally redefining sustainable aquaculture for the 21st century.