Aquafeed Market: Summary
The Global Aquafeed Market is projected to reach a value of over USD 79.4 billion by 2027 at a CAGR of around 6.7%.
Aquafeeds are meals prepared for aquatic animals by mixing raw materials and additives. These blends are prepared according to the specific requirementsof the species and age of the animal. Nutritional, immune resistant, and growth-promoting properties of aquafeed haveincreased its importance in the aquaculture industry. High-quality aquafeed is exponentially more beneficial to fish, molluscs, crustaceans & other aquatic animals than farm-made feed due to their balanced and need specific composition.
Aquafeed Market: Drivers & Challenges
- Growing Aquaculture Industry
Growth in the aquaculture industry has expected to boost the demand for the aquafeed market during the forecasted period. This is attributed to the increased production of food for human consumption, the opening of commercially viable business opportunities, increased national exports, and need for substitution of imports by local production. According to the Food & Agriculture Organization of the United Nations, in 2018, total global capture fisheries production reached the highest level ever recorded at 96.4 million tones.
- Regulatory Framework & Interference
Global development of aquaculture has resulted in increasing concerns about the environmental impact which may hinder the growth of the aquafeed market. Environmental degradation from aquaculture has been reported and negatively affected which includes organic population and eutrophication, a buildup of excess nutrients and waste in the ecosystem. Thus, to control this impact and maintain the supply of aquafeed, governments have imposed various regulations. For instance, under the Fisheries Act, B.E. 2558 (2015), Department of Fisheries is authorized to address aquaculture sustainability, including food safety, animal health and welfare, environmental integrity, social and community welfare and regulation of fishing activities.
Aquafeed Market: Key Segments
- Segmentation based onadditives: Minerals, Vitamins, Antioxidants,Enzymes, Amino Acid, Acidifiers,andOthers.
- Segmentation based on application: Fish, Mollusks, Crustaceans, and Others.
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
Aquafeed Market: Report Scope
The report on the aquafeed market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million), Volume (Tons)
Additives, Ingredients, Form, Lifecycle Application, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- ADM Animal Nutrition (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Ridley Corporation Limited
- Cargill, Incorporated
- Nutreco N.V.
- Purina Animal Nutrition LLC
- Hatch Accelerator Holding Limited
- Aller Aqua Group
- Norel Animal Nutrition
- Avanti Feeds Ltd.
- DE HEUS.
- Biostadt India Limited
- Japfa Comfeed Indonesia Tbk
- Charoen Pokphand Foods PCL
- Growel Feeds
- Kent Nutrition Group
- Other Key Companies
Aquafeed Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Aquafeed Market, by Additives
- Amino Acid
Aquafeed Market, by Ingredients
- Soybean Meal
- Soy Oil
- Soy Lecithin
- Fish Meal
- Fish Oil
Aquafeed Market, by Form
Aquafeed Market, by Lifecycle
- Grower Feed
- Finisher Feed
- Starter Feed
- Brooder Feed
Aquafeed Market, by Application
Aquafeed Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Aquafeed Market Providers
- Aquafeed Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Aquafeed Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AQUAFEED MARKET STUDY