Global Fish Oil for Aquafeed Market, By Types of Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers), Aquatic Species (Fishes Feeds, Mollusks Feeds, Crustaceans Feeds), Type of Feed (Extruded Feed, Pellet Feed, Powder Feed, Wet Feed), Application (Marine Feeding, Fresh Water Feeding) – Industry Trends and Forecast to 2029.
Fish Oil for Aquafeed Market Analysis and Size
Aquaculture has a long history dating back to the ancient era and many recent developments in the aquaculture industry. Aquaculture practises began in 1990 when the construction of concrete tanks for fish farming began and the production expanded to meet market demand. Fish Oil for Aquafeed are being introduced into the market to provide the necessary nutritional feeds.
Data Bridge Market Research analyses that the fish oil for aquafeed market which was growing at a value of 3.15 billion in 2021 and is expected to reach the value of USD 5.58 billion by 2029, at a CAGR of 7.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fish Oil for Aquafeed Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Types of Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers), Aquatic Species (Fishes Feeds, Mollusks Feeds, Crustaceans Feeds), Type of Feed (Extruded Feed, Pellet Feed, Powder Feed, Wet Feed), Application (Marine Feeding, Fresh Water Feeding)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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The Hershey Company (U.S.), Perfetti Van Melle Group B.V. (Italy), Mondelez International, Inc (U.S.), Lotte Corporation (Japan), The PUR Company Inc. (Canada), Mars Incorporated (U.S.), Health Made Easy Group (U.K.), Ferndale Confectionery Pty Ltd (Australia), Ferrero SpA (Italy), Verve, Inc. (U.S.), Kraft Foods Inc (U.S.), Haribo GmbH & Co. Kg (Germany), The Wm. Wrigley Jr. Company (U.S.), Topps Company Inc. (U.S.), Simply Gum Inc. (U.S.)
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Opportunities
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Market Definition
Aquafeed is made up of compounded meals made from raw materials such as sunflower, corn, soybean, fish meal, and fish oil. The name implies that the feed is intended for consumption by aquatic species such as fish, shrimp, and crustaceans. These have a high nutritional content and a variety of growth-promoting properties.
Global Fish Oil for Aquafeed Market Dynamics
Drivers
- Rising fish farming activities in the region
Rising fish farming activities worldwide and increased spending on research and development activities are driving the growth of the fish oil for aqua feed market. Rising need and demand for compounded meals to maintain aquatic species' health and growing awareness about fish oil for aqua feed are other market growth determinants.
- Aquaculture as a form of livelihood
Global fish and aquaculture production has increased as a result of population growth, rising incomes in developing countries, and urbanization. The increasing consumption of seafood at the expense of staple foods is positively related to income and consumption of animal protein. Global fish consumption is increasing faster than the growing global population owing to rising incomes and urbanization. Fisheries and aquaculture are increasingly becoming a primary source of protein, foreign exchange, livelihoods, and population well-being worldwide.
Opportunities
Manufacturers' increased emphasis on innovative product offerings combined with increased restrictions on animal-based food products will create even more lucrative growth opportunities for the fish oil for aquafeed market.
Restraints
However, fluctuations in raw material prices will be a major impediment to the growth of the fish oil for aqua feed market. The government's stringent regulations on product approvals will further slow the growth rate of the fish oil for aquafeed market.
This fish oil for 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 localized 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 the fish oil for 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.
COVID-19 Impact on Fish Oil for Aquafeed Market
The COVID-19 pandemic has slowed operations, resulting in staff shortages and new sanitary guidelines for fisheries and processing. Many countries consider the marine ingredients industry to be an essential part of the food supply chain, which explains why fishing and reduction operations have continued almost everywhere. Feed companies have ensured that farmers have the supplies they need to protect their animals' health and welfare while maintaining farm production levels. Growing fish demand has increased export-oriented aquaculture and the adoption of 'Scientific Aquaculture Management Practices' (SAMP).
Recent Development
- Skretting, a Nutreco company, will launch a new starter and grower feed for rainbow trout in December 2021, dubbed Nutra Sprint and Celero, respectively, to assist farms in reaching their full potential. Validation trials for the launched product revealed growth increases of up to 8% and an 8% decrease in Feed Conversion Ratio.
- Cargill announced a multi-year agreement with The Conservation Fund's Freshwater Institute in September 2021 to develop, evaluate, and improve the land-based aquaculture industry feeds. Cargill nutritionists and researchers with experience in recirculating aquaculture systems are available through the Institute. The collaboration will improve land-based aquaculture's environmental and economic performance by developing and testing feeds specifically for recirculating aquaculture systems.
Global Fish Oil for Aquafeed Market Scope
The fish oil for aquafeed market is segmented on the basis of form, additives, species, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Extruded Feed
- Pellet Feed
- Powder Feed
- Wet Feed
Additives
- Amino Acids
- Vitamins & Minerals
- Probiotics & Prebiotics
- Enzymes
- Antibiotics
- Antioxidants
- Others
Aquatic Species
- Fishes Feeds
- Mollusks Feeds
- Crustaceans Feeds
Application
- Marine feeding
- Fresh water feeding
Fish Oil for Aquafeed Market Regional Analysis/Insights
The fish oil for aquafeed market is analysed and market size insights and trends are provided by country, form, additives, species, application as referenced above.
The countries covered in the fish oil for aquafeed market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific will dominate the fish oil for aquafeed market from 2022 to 2029, owing to rising demand for processed seafood, increased urbanization, and diet diversification in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Fish Oil for Aquafeed Market Share Analysis
The fish oil for 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 fish oil for aquafeed market.
Some of the major players operating in the fish oil for aquafeed market are:
- Darling Ingredients Inc. (U.S.)
- The Lauridsen Group Inc. (U.S.)
- SARIA Group (Germany)
- Sera Scandia (Denmark)
- Lican Food (Chile)
- Puretein Agri LLC. (U.S.)
- Veos Group (Belgium)
- Kraeber & Co Gmbh (Germany)
- Rocky Mountain Biologicals (U.S.)
- Lihme Protein Solutions (Denmark)
- EcooFeed LLC (U.S.)
- FeedWorks (Australia)
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