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The Aquafeed Market 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 Aquafeed Market 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 Aquafeed Market report is based on the 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 the future.
Aquafeed Market Overview:
Aquafeed Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Aquafeed is food containing important ingredients for various aquatic species including mollusks, crustaceans, fishes, and others.
Rising direct human consumption of fish and fish-based products is expected to drive the growth of the global market over the forecast period.
In addition, increasing seafood consumption globally is anticipated to boost the growth of the aquaculture market which in turn is expected to propel the growth of the aquafeed market over the forecast period.
Expanding international framework and initiatives supporting aquaculture is another major factor expected to propel the growth of the target market over the forecast period.
The increasing seafood trade is expected to augment the growth of the aquafeed market over the forecast period.
However, unstable prices of raw materials are expected to hamper the growth of the global aquafeed market to a certain extent.
Based on end-user, the global aquafeed market is segmented based on fish, mollusks, crustaceans, and others. The fish segment accounts for a major revenue share and is expected to register the highest growth rate as compared to that of other end-user segments.
Increasing fish farming in various countries and growing consumption of fish is a major factors 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, dietary supplements, healthcare and pharmaceutical products, cosmetics, fish meals, 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 the 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 another factor expected to drive the growth of the market in the region over the forecast period.
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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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