Photosynthetic microalgae are unicellular plants, many of which are rich in protein, lipids, and bioactives and form an important part of the base of the natural aquatic food chain. Population growth, demand for high-quality protein, and depletion of wild fishstocks are forecast to increase aquacultural fish demand by 37% between 2016 and 2030. This review highlights the role of microalgae and recent advances that can support a sustainable 'circular' aquaculture industry. Microalgae-based feed supplements and recombinant therapeutic production offer significant opportunities to improve animal health, disease resistance, and yields. Critically, microalgae in biofloc, 'green water', nutrient remediation, and integrated multitrophic aquaculture technologies offer innovative solutions for economic and environmentally sustainable development in line with key UN Sustainability Goals. Increasing Demand for Aquaculture Feeds Aquaculture (see Glossary) plays an increasingly important role in global food security, a critical challenge of the 21st century. The global population is forecast to increase from 7.6 to 9.8 billion by 2050 i , causing a projected food demand increase of 60-100% above 2005 levels [1,2]. In parallel, rising affluence is predicted to increase the demand for high-quality protein by 110% [2], emphasizing the need to establish sustainable ii high-protein food production networks. Currently,~57% of global protein supply is from plant sources (almost exclusively terrestrial); the remaining 43% is from animal sources (red meat, poultry, seafood, dairy, eggs, and other products) [3]. Of the 1.7 billion tonnes year −1 of animal products produced globally in 2016 iii , wild-caught and farmed fish accounted for~10% (171 million tonnes year −1 , US $143 billion) [4]. As wild-caught fish yields have plateaued over the past 20 years, fish demand has been met by an expanding aquaculture sector [4], which has increased from~20 million tonnes (1950) to~80 million tonnes (2016), at a growth rate of~2.3 million tonnes year −1 (~6%) iv. Aquaculture's contribution to meeting future food demand will require more sustainable practices that support both aquatic and terrestrial ecosystems. A key problem to date has been the high use of wild-caught pelagic fish for the production of fishmeal and fish oil for formulated aquafeeds. This has put pressure on populations of low-trophic species that are keystones in aquatic food webs (e.g., anchovies, capelin, herring, mackerel, menhaden, sardines) and which wild fisheries depend on [5,6]. It also increases the potential spread of bacterial (e.g., Vibrio cholerae [7]) and viral (e.g., iridovirus [8]) diseases via raw fish distribution. Fishmeal is a favored ingredient in fish nutrition as it is rich in protein, easily digestible, and palatable and provides a well-balanced source of essential amino acids, phospholipids, and omega-3 fatty acids such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). Increasing use of alternative ingredients include those from animal, pla...