Global Aquafeed Market, By Ingredient (Soybean, Fishmeal, Corn, Fish Oil, Additives, Others), Additive (Amino Acids, Vitamins and Minerals, Probiotics and Prebiotics, Enzymes, Antibiotics, Antioxidants, Others), Species (Fish, Crustaceans, Mollusks, Others), Form (Dry Form, Wet Form, Moist Form), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), Function (Health, Digestion, Palatability, Special Nutrition), Distribution Channel (Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Speciality Stores, Online, Other Retail Formats), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Aquafeed Market
Data Bridge Market Research analyses that the aquafeed market is expected to reach USD 76.64 billion by 2029 growing at a growth rate of 7.50% in the forecast period 2022 to 2029. Increasing fish consumption amongst people and expansion of aquaculture industry are the growing factors.
Aquaculture feeds are formulated with a vast pool of ingredients which, when fed to the animal, are intended to supply its nutritional requirements to perform its normal physiological functions, including maintaining a highly effective natural immune system, growth, and reproduction.
Increasing demand for fish and fish product enhance the demand for aquafeed market. Rising awareness amongst the folks relating to the scientific feeding of cultivation species, growing production yet as development of cultivation trade and growing trade of food among different regions are also the major factors which will propel the expansion of the aquafeed market.
On the opposite hand, increasing initiatives and support from government together with rising growth and innovation of product with high super molecule content can additional produce new opportunities for the aquafeed market within the forecast period of 2022 to 2029.
However, the high value of staple and diseases irruption can act as major restraint issue for the expansion of aquafeed market within the on top of mentioned forecast amount. Strict restrictions on fish catches distressing organic fertilizer production can create as challenge to the expansion of the market.
This aquafeed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aquafeed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aquafeed Market Scope and Market Size
Aquafeed market is segmented on the basis of ingredient, additive, species, form, lifecycle, function, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the aquafeed market is segmented into soybean, fishmeal, corn, fish oil, additives, and others. Soybean is further segmented into soybean meal, soy oil, and soy lecithin. Corn is further segmented into corn gluten meal, corn gluten feed and corn oil.
- On the basis of additive, the aquafeed market is segmented into amino acids, vitamins and minerals, probiotics and prebiotics, enzymes, antibiotics, antioxidants and others.
- On the basis of species, the aquafeed market is segmented into fish, crustaceans, mollusks, and others. Fish is further segmented into tilapia, salmon, carp, trout, and others. Crustaceans are further segmented into shrimp, crabs, krill, and others. Mollusks are further segmented into oysters, mussels and others.
- On the basis of form, the aquafeed market is segmented into dry form, wet form and moist form.
- Based on lifecycle, the aquafeed market is segmented into grower feed, finisher feed, starter feed and brooder feed.
- On the basis of function, the aquafeed market is segmented into health, digestion, palatability and special nutrition.
- Based on distribution channel, the aquafeed market is segmented into direct sales, indirect sales, hypermarket/supermarket, wholesalers, speciality stores, online and other retail formats.
Aquafeed Market Country Level Analysis
The global aquafeed market is analyses and market size, volume information is provided by country by ingredient, additive, species, form, lifecycle, function, and distribution channel as referenced above.
The countries covered in the aquafeed market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region is undergoing substantial gains and is projected to score the highest compound annual growth rate (CAGR) during the forecast period. This is because of growing demand for poultry product in the region and increasing urbanization in the region.
The country section of the aquafeed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aquafeed Market Share Analysis
The aquafeed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Aquafeed market.
The major players operating in the aquafeed market report are ADM, Cargill Incorporated, Ridley Corporation Limited, SONAC, NK INGREDIENTS PTE LTD., Nutreco N.V., Alltech, Purina Animal Nutrition LLC., Aller Aqua Group, ERBER Group, BioMar Group, Norel S.A, Marvesa Oils and Fats B.V., NUTRIAD, Avanti Feeds Ltd., DE HEUS., Novus International, Inc., KENT FEEDS, DE HEUS, Biostadt India Limited., and Charoen Pokphand Foods PCL among others.
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