MarketResearch.biz delivers in-depth insights on the global aquafeed market in its upcoming report titled, “Global Aquafeed Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global aquafeed market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aquafeed market report has been segmented on the type, livestock, form, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Aquafeed is a food containing important ingredients for various aquatic species which includes mollusks, crustaceans, fishes, and others.
Rising direct human consumption of fish and fish based products is expected to drive growth of the global market over the forecast period. In addition, increasing seafood consumption globally is anticipated to boost the growth of aquaculture market which in turn is expected to propel growth of aquafeed market over the forecast period. Expanding international framework and initiatives supporting aquaculture is other major factor expected to propel growth of the target market over the forecast period. Increasing seafood trade is expected to augment the growth of the aquafeed market over the forecast period.
However, unstable prices of raw materials is expected to hamper the growth of the global aquafeed market to certain extend.
Based on end user, the global aquafeed market is segmented based on fish, mollusks, crustaceans, and others. The fish segment accounts for major revenue share and is expected to register highest growth rate as compared to that of other end user segment. Increasing fish farming in various countries and growing consumption of fish is major factor expected to drive the growth of the segment over the forecast period. In addition, harvested fish are further used for different types of end-uses such as in the food industry, in dietary supplements, healthcare and pharmaceutical products, cosmetics, fish meal etc., which is expected to propel the growth of the segment over the forecast period.
Asia Pacific market dominates the global aquafeed market in terms of revenue contribution as compared to that of markets in other regions. Significant growth of aquaculture industry in the region is expected to drive the growth of the market in the region over the forecast period. The market in Europe is projected to register comparatively faster growth in terms of revenue over the next 10 years. This is attributed to the major players focusing on research and development in order to develop innovative aquafeed additives which can provide nutrients to aquatic animals through their feed. Increasing demand for consumption of fish and fish based products in countries such as China and India is other factor expected to drive the growth of the market in the region over the forecast period.
Global Aquafeed Market Segmentation:
Global aquafeed market segmentation, by additive product:
- Amino Acids
- Feed Acidifiers
Global aquafeed market segmentation, by end user:
Global aquafeed market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Archer Daniels Midland Company
- Ridley Corporation Limited
- Nutreco N.V
- Avanti Feeds Limited
- Purina Animal Nutrition
- Biostadt India Limited
- Aller Aqua A/S
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