Upcoming Growth Trends in the Aquafeed Market

The global aquafeed market is projected to reach USD 88.0 billion by 2028, at a CAGR of 7.3% over the forecast period. It is estimated to be valued USD 61.8 billion in 2023. Several important factors are driving up demand for aquafeed products on a global scale. First, a growing worldwide population has an increased need for seafood, and aquaculture offers a sustainable way to meet this demand. Fish and prawn farming has become more popular because of the depletion of wild fish stocks. Aquafeed is crucial for the healthy growth and development of aquaculture aquatic species, increasing their output and decreasing their reliance on foraging wild fish. Aquafeed products are in high demand to support the expansion of the business since advances in aquaculture technology and practises have made it more effective and financially viable.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

By form, dry segment is projected to have fastest growing rate during the forecast period.

Dry form of feed is preferred due to a few factors, such as ease of transportation, storage, and convenience associated with it, as opposed to the liquid form, which requires specialized facilities for storage and transportation. It can be purchased in bulk and is available with multiple ingredient options. Cost-effectiveness is another aspect that drives the growth of this market.

By species, fish segment is projected to have fastest growing rate during the forecast period.

In the aquafeed market, the fish segment is expanding for a variety of reasons. The need for high-quality and nutritionally balanced aquafeed is being driven by the increasing demand for fish protein on a global scale, the depletion of wild fish supplies, and the growth of aquaculture. To ensure optimum development, health, and sustainability in the sector, fish farming, with its well-established practises and different species, needs specialised feeds.

By additives, the amino acids segment is projected to have the fastest growth rate during the forecast period.

Due to their vital function in fostering the growth, development, and general health of aquatic species, amino acids are witnessing expansion in the aquafeed market. As the building blocks of proteins, amino acids help to improve nutrient absorption, feed effectiveness, and disease resistance. Additionally, customised amino acid formulations suited to match the needs of particular species are now possible because to advances in research and technology, which are fuelling the segment's expansion.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1151

Asia Pacific is expected to have the fastest growing rate during the forecast period.

The aquafeed market is expanding in the Asia Pacific region because of reasons like a growing population, rising seafood demand, favourable environmental conditions for aquaculture, technical improvements, and government backing. The expansion of the aquaculture sector is being fuelled by economic growth, shifting dietary tastes, and the need for sustainable protein sources, which is causing a commensurate rise in demand for aquafeed products.

The key players in this include ADM (US), Cargill, Incorporated (US), Ridley Corporation Limited (Australia), Nutreco (Netherlands), Alltech (US), Purina Animal Nutrition (US), Adisseo (Belgium), Aller Aqua A/S (Denmark), Biomin (Austria), Biomar (Denmark), Norel Animal Nutrition (Spain), Avanti Feeds Limited (India), De Heus Animal Nutrition B.V. (Netherlands), Novus International (US), and Biostadt India Limited (India).

Aquafeed Market to Record Steady Growth by 2028

The global aquafeed market is projected to reach USD 88.0 billion by 2028, at a CAGR of 7.3% over the forecast period. It is estimated to be valued USD 61.8 billion in 2023. Several important factors are driving up demand for aquafeed products on a global scale. First, a growing worldwide population has an increased need for seafood, and aquaculture offers a sustainable way to meet this demand. Fish and prawn farming has become more popular because of the depletion of wild fish stocks. Aquafeed is crucial for the healthy growth and development of aquaculture aquatic species, increasing their output and decreasing their reliance on foraging wild fish. Aquafeed products are in high demand to support the expansion of the business since advances in aquaculture technology and practises have made it more effective and financially viable.

Some of the Prominent Key Players are:

• ADM (US)
• Cargill, Incorpoarted (US)
• Ridley Corporation Limited (Australia)
• Nutreco (Netherlands)
• Alltech (US)
• Purina Animal Nutrition (US)
• Adisseo (Belgium)

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

By ingredients, soybean segment is projected to have the largest share during the forecast period.

Soybeans are among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal. Soybean isolates and different varieties of genetically modified soybeans are being introduced to replace fishmeal, which is a rich source of amino acids.

By species, fish segment is projected to have fastest growing rate during the forecast period.

In the aquafeed market, the fish segment is expanding for a variety of reasons. The need for high-quality and nutritionally balanced aquafeed is being driven by the increasing demand for fish protein on a global scale, the depletion of wild fish supplies, and the growth of aquaculture. To ensure optimum development, health, and sustainability in the sector, fish farming, with its well-established practises and different species, needs specialised feeds.

Make an Inquiry: 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1151

Asia Pacific is expected to have the fastest growing rate during the forecast period.

The aquafeed market is expanding in the Asia Pacific region because of reasons like a growing population, rising seafood demand, favourable environmental conditions for aquaculture, technical improvements, and government backing. The expansion of the aquaculture sector is being fuelled by economic growth, shifting dietary tastes, and the need for sustainable protein sources, which is causing a commensurate rise in demand for aquafeed products.

Aquafeed Market Growth Opportunities by 2025

The aquafeed market size is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets. Aquafeed comprises one or more artificial and/or natural feedstuffs in the form of pellets or extruded bits for commercial fish, crustaceans, and mollusks. The growth in the global consumption of aquafeed has continued to be significant due to the growing aquaculture industry. Global aquaculture production has grown rapidly during the past decades, contributing significant quantities to the world’s fish and seaweed supply for human and animal consumption. Aquaculture is an important part of the economic development of many countries and has been received positively by several governments seeking to boost their countries’ economic performance; many policies have been the introduction of policies in support of the sector.

The aquafeed market has been experiencing steady growth over the years due to the increasing demand for seafood products and the growth of the aquaculture industry. Aquafeed refers to the food that is given to aquatic animals such as fish, crustaceans, and mollusks in order to promote their growth and development.

The market is expected to continue growing in the coming years due to factors such as the rising global population, increasing disposable incomes, and changing dietary preferences towards seafood products. Additionally, the aquaculture industry is expected to continue growing as wild fish populations decline and demand for seafood products increases.

The aquafeed market is segmented by ingredient, form, and application. The main ingredients used in aquafeed include fishmeal, soybean, corn, wheat, and others. The form of aquafeed can be either pellets or extruded, while the application can be either commercial or household use.

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for aquafeed, due to the high consumption of seafood products in the region and the significant growth of the aquaculture industry in countries such as China and India.

The major players in the aquafeed market include Cargill, Incorporated, Archer Daniels Midland Company, Nutreco N.V., Ridley Corporation Limited, and Alltech Inc., among others. These companies are focusing on research and development to improve the quality of aquafeed and meet the changing demands of consumers.

In conclusion, the aquafeed market is expected to continue growing due to the increasing demand for seafood products and the growth of the aquaculture industry. The market is segmented by ingredient, form, and application, and geographically, Asia Pacific is the largest market for aquafeed. The major players in the market are focused on research and development to improve the quality of aquafeed and meet the changing demands of consumers.

Aquafeed Market to Showcase Continued Growth in the Coming Years

 The aquafeed market size is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets. Aquafeed comprises one or more artificial and/or natural feedstuffs in the form of pellets or extruded bits for commercial fish, crustaceans, and mollusks. The growth in the global consumption of aquafeed has continued to be significant due to the growing aquaculture industry. Global aquaculture production has grown rapidly during the past decades, contributing significant quantities to the world’s fish and seaweed supply for human and animal consumption. Aquaculture is an important part of the economic development of many countries and has been received positively by several governments seeking to boost their countries’ economic performance; many policies have been the introduction of policies in support of the sector.

The aquafeed market has been experiencing steady growth over the years due to the increasing demand for seafood products and the growth of the aquaculture industry. Aquafeed refers to the food that is given to aquatic animals such as fish, crustaceans, and mollusks in order to promote their growth and development.

The market is expected to continue growing in the coming years due to factors such as the rising global population, increasing disposable incomes, and changing dietary preferences towards seafood products. Additionally, the aquaculture industry is expected to continue growing as wild fish populations decline and demand for seafood products increases.

The aquafeed market is segmented by ingredient, form, and application. The main ingredients used in aquafeed include fishmeal, soybean, corn, wheat, and others. The form of aquafeed can be either pellets or extruded, while the application can be either commercial or household use.

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for aquafeed, due to the high consumption of seafood products in the region and the significant growth of the aquaculture industry in countries such as China and India.

The major players in the aquafeed market include Cargill, Incorporated, Archer Daniels Midland Company, Nutreco N.V., Ridley Corporation Limited, and Alltech Inc., among others. These companies are focusing on research and development to improve the quality of aquafeed and meet the changing demands of consumers.

In conclusion, the aquafeed market is expected to continue growing due to the increasing demand for seafood products and the growth of the aquaculture industry. The market is segmented by ingredient, form, and application, and geographically, Asia Pacific is the largest market for aquafeed. The major players in the market are focused on research and development to improve the quality of aquafeed and meet the changing demands of consumers.

Aquafeed Market to Witness Unprecedented Growth in Coming Years

The report "Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region - Global Forecast to 2025", The global aquafeed market is estimated to be valued at USD 56.0 billion in 2020. It is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. China, Norway, Vietnam, and Thailand are the key fish producers as well as the largest exporters of fish and fishery products. The global consumption of seafood has increased due to the rising awareness about the health benefits of consuming fish and other aquaculture species. They are a rich source of vitamins, minerals, amino acids, and essential fats (long-chain omega-3 fatty acids).

 

 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

 

Processed soybean is the worlds largest source of animal protein feed.

 

Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal. According to the USDA, processed soybean is the worlds largest source of animal protein feed. Soybean isolates and different varieties of genetically modified soybeans are being introduced to replacing fishmeal, which is a rich source of amino acids.

 

Feed enzymes aid in nutrient absorption due to which its application is growing in feed

 

Enzymes are biological catalysts that help to lower feed costs and reduce phosphorus content in animal waste. Feed enzymes are widely used to improve the nutritive value of feed by regulating various metabolic reactions. Enzymes increase the digestibility of nutrients in feed, which leads to an increase in the efficient production of various animal products. The demand for feed enzymes is increasing, as they are used for the development of the immune system and bones of aquatic animals. Feed enzymes enhance the growth of animals by weight gain and the quality of output.

 

Oysters and mussels are the most widely cultured groups under mollusks

 

Mollusks serve as a good source of protein. Their shells have industrial as well as ornamental uses. Along with harvesting mollusks from natural fisheries, they are also cultured in artificially controlled environments to protect them during storms and wind, and to increase their productivity. Various factors, such as nutrient composition, rapid growth rate, mass culturing, stability in temperature & light, and easy digestibility, are considered before using certain species of microalgae as feed. The market for mollusk feed is growing slowly due to slower adoption and the high cost of feed. The research activities to find cheaper alternative sources of algae are expected to drive the slow-paced market.

 

The free-flowing structure and consistency of the dry aquafeed makes it a preferred form

 

The feed for fish is most commonly available in the form of pellets or granules, and usually contains moisture of approximately 7%–13%. Most aquafeed manufacturers adopt the use of the dry form of feed due to its free-flowing structure and ability to provide consistency. This form of feed is also preferred due to other factors, such as ease of transportation, storage, and convenience associated with it, as opposed to the liquid form, which requires specialized facilities for storage and transportation. It can be purchased in bulk and is available with multiple ingredient options. Cost-effectiveness is another aspect that drives the growth of this market.

 

Protein levels in finisher feed vary by different shrimp species

 

Finisher feed is usually administered to fully-grown fish species. Finisher feed ensures a balanced diet and supports muscle growth alongside higher nutrient absorption. Alltechs survey on Global Aquaculture Feed Production Survey analyzed the average cost of finisher diets and concluded that finisher feeds had remarkably high costs in countries, such as South Korea, Japan, and Vietnam. Fishmeal and fish oil are some of the key ingredients used in finisher feeds. The finisher feed prepared for various species differs in terms of protein levels. The finisher feed fed to monodon species (tiger prawns) contains 38% of crude protein as opposed to the finisher feed for L.vannamei, which contains 32%–34% of crude protein.

 

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1151

 

North America is projected to reach USD 2.4 billion during the forecast period.

 

The US was the dominant market for aquafeed in the North American region, having accounted for a share of 64.0% in 2020. The US also remains one of the worlds largest exporters of seafood products, exporting farm-raised trout & salmon largely to Canada and Mexico, and oysters & clams to Canada. It is also the second-largest seafood importer from Asia Pacific countries. Aquafeed consumption is increasing slowly in the US due to the growing demand for fish for direct human consumption (DHC). Apart from being the leading consumer of aquafeed, it also exports to South American and Asian countries.

 

The key players in this market include Cargill, Incorporated (US), ADM (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

Aquafeed Market Projected to Garner Significant Revenues by 2025

The aquafeed market is estimated to be valued at USD 50.6 billion in 2020 and is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The growth of the aquafeed market is driven by factors such as the growth in the aquaculture industry and the growing seafood trade, which demands aquafeed. Global aquaculture production has grown rapidly during the past decades, contributing significant quantities to the world’s fish and seaweed supply for human and animal consumption. Aquaculture is an important part of the economic development of many countries and has been received positively by several governments seeking to boost their countries’ economic performance; many policies have been the introduction of policies in support of the sector.

 

 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

 

The key players in the aquafeed market include Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

 

Cargill is involved in the manufacturing and marketing of food, agricultural, financial, and industrial products and services. The company’s major business segments include food ingredients & applications; grain origination and oilseed processing; animal nutrition; and risk management and financial services. Cargill’s animal nutrition business offers a range of compound feed, premixes, feed additives, and supply chain & risk management solutions to feed manufacturers, animal producers, and feed retailers around the world. The company is one of the largest aquafeed suppliers and focuses on three core species, namely, salmon, tilapia, and shrimp. To remain competitive in the aquafeed market, recently, the company entered into a partnership with InnovaFeed (France) to develop fish feed using insect protein.

 

Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed ingredients, industrial ingredients, and biofuels. It offers aquafeed products through its subsidiary, ADM Animal Nutrition, Inc. (US). Strategies, such as expansions, joint ventures, and acquisitions, have aided the company to integrate its distribution channels to most feed producers. For instance, in April 2019, the company built a new high-tech feed facility in the US to increase the capabilities of its animal nutrition business and cater to the customers in the aquafeed industry.

 

Nutreco develops and produces animal nutrition and aquafeed products. It is a fully owned subsidiary of SHV Holdings (Netherlands). Two of the company’s global brands are Skretting (aquafeed) and Trouw Nutrition (animal nutrition). Nutreco streamlined the functioning of its business units effectively to develop and deliver product-marketing strategies for different feed segments. The company has signed agreements and joint ventures with regional players and institutions to sustain in these regional markets.

 

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1151

The global market was dominated by the Asia Pacific in 2020, in terms of value and volume; this market is majorly driven by China, which is a major producer of aquafeed. China is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third to the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to rapid urbanization and diet diversification.

Aquafeed Market to Showcase Continued Growth in the Coming Years

The report "Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region - Global Forecast to 2025", The global aquafeed market is estimated to be valued at USD 56.0 billion in 2020. It is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. China, Norway, Vietnam, and Thailand are the key fish producers as well as the largest exporters of fish and fishery products. The global consumption of seafood has increased due to the rising awareness about the health benefits of consuming fish and other aquaculture species. They are a rich source of vitamins, minerals, amino acids, and essential fats (long-chain omega-3 fatty acids).

 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

 

Processed soybean is the worlds largest source of animal protein feed.

 

Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal. According to the USDA, processed soybean is the worlds largest source of animal protein feed. Soybean isolates and different varieties of genetically modified soybeans are being introduced to replacing fishmeal, which is a rich source of amino acids.

 

Feed enzymes aid in nutrient absorption due to which its application is growing in feed

 

Enzymes are biological catalysts that help to lower feed costs and reduce phosphorus content in animal waste. Feed enzymes are widely used to improve the nutritive value of feed by regulating various metabolic reactions. Enzymes increase the digestibility of nutrients in feed, which leads to an increase in the efficient production of various animal products. The demand for feed enzymes is increasing, as they are used for the development of the immune system and bones of aquatic animals. Feed enzymes enhance the growth of animals by weight gain and the quality of output.

 

Oysters and mussels are the most widely cultured groups under mollusks

Mollusks serve as a good source of protein. Their shells have industrial as well as ornamental uses. Along with harvesting mollusks from natural fisheries, they are also cultured in artificially controlled environments to protect them during storms and wind, and to increase their productivity. Various factors, such as nutrient composition, rapid growth rate, mass culturing, stability in temperature & light, and easy digestibility, are considered before using certain species of microalgae as feed. The market for mollusk feed is growing slowly due to slower adoption and the high cost of feed. The research activities to find cheaper alternative sources of algae are expected to drive the slow-paced market.

 

The free-flowing structure and consistency of the dry aquafeed makes it a preferred form

 

The feed for fish is most commonly available in the form of pellets or granules, and usually contains moisture of approximately 7%–13%. Most aquafeed manufacturers adopt the use of the dry form of feed due to its free-flowing structure and ability to provide consistency. This form of feed is also preferred due to other factors, such as ease of transportation, storage, and convenience associated with it, as opposed to the liquid form, which requires specialized facilities for storage and transportation. It can be purchased in bulk and is available with multiple ingredient options. Cost-effectiveness is another aspect that drives the growth of this market.

 

Protein levels in finisher feed vary by different shrimp species

 

Finisher feed is usually administered to fully-grown fish species. Finisher feed ensures a balanced diet and supports muscle growth alongside higher nutrient absorption. Alltechs survey on Global Aquaculture Feed Production Survey analyzed the average cost of finisher diets and concluded that finisher feeds had remarkably high costs in countries, such as South Korea, Japan, and Vietnam. Fishmeal and fish oil are some of the key ingredients used in finisher feeds. The finisher feed prepared for various species differs in terms of protein levels. The finisher feed fed to monodon species (tiger prawns) contains 38% of crude protein as opposed to the finisher feed for L.vannamei, which contains 32%–34% of crude protein.

 

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1151

 

North America is projected to reach USD 2.4 billion during the forecast period.

 

The US was the dominant market for aquafeed in the North American region, having accounted for a share of 64.0% in 2020. The US also remains one of the worlds largest exporters of seafood products, exporting farm-raised trout & salmon largely to Canada and Mexico, and oysters & clams to Canada. It is also the second-largest seafood importer from Asia Pacific countries. Aquafeed consumption is increasing slowly in the US due to the growing demand for fish for direct human consumption (DHC). Apart from being the leading consumer of aquafeed, it also exports to South American and Asian countries.

 

The key players in this market include Cargill, Incorporated (US), ADM (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

Latest Regulatory Trends Impacting the Aquafeed Market

The report "Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region - Global Forecast to 2025", The aquafeed market is projected to reach USD 71.6 billion by 2025; it was estimated at USD 50.6 billion in 2020, recording a CAGR of 7.2% from 2020-2025. One of the major factors driving the aquafeed market is increasing seafood consumption. Also, the increasing seafood trade has been driving the growth of this market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

The fishmeal segment, by ingredient, is projected to grow at the highest CAGR in the aquafeed market during the forecast period.

The fishmeal segment is projected to be growing at the fastest rate during the forecast period, owing to the depleting amount of raw materials required for its production and increasing price levels. Due to over-exploitation, high demand, and price fluctuation of fishmeal, a large number of possible fishmeal replacers, including animal by-products (blood meal, poultry by-product meal, and bone meal), single-cell proteins (mainly from fungal and bacterial sources, such as algae), oilseeds (soybean, rapeseed, sunflower, and cottonseed), and legumes (beans, peas, and lupins) are being used in manufacturing aquafeed.

The fish segment, by species, is projected to witness the highest growth in the aquafeed market during the forecast period, due to the increased consumption of seafood products.

The fish segment is projected to record the highest CAGR during the forecast period. Fish farming and aquaculture in controlled conditions or under artificial settings have become an easier way to increase fish production and its availability for consumption. Fish farming in ponds, lakes, rivers, and coastal waters is increasing to fill the gap between demand and supply. The increase in fish farming activities and aquaculture has led to increased demand for fish feed.

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1151

The Asia Pacific is projected to account for the largest share in the aquafeed market during the forecast period.

The Asia Pacific market accounted for the largest share in 2020; this market is majorly driven by China and Vietnam, which are major markets for aquafeed. China is among the leading producers of aquafeed in the Asia Pacific region. Due to the significant growth of seafood consumption and trade in this region, the aquafeed market is projected to grow in the region. The processed seafood market in the region is also currently undergoing significant transformation in response to rapid urbanization and diet diversification. Also, consumer demand for convenience and processed seafood offers profitable growth prospects and diversification to the region’s food sector.

The major vendors in the global aquafeed market are Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

Latest Regulatory Trends Impacting the Aquafeed Market

The aquafeed market is estimated to account for USD 50.6 billion in 2020 and is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

The amino acids segment, by additive, is projected to dominate the aquafeed market during the forecast period.

Amino acids are important in animal nutrition and are the building blocks of protein, which play an essential role in the growth, production, and overall maintenance of aquatic animal health. Amino acids provide the energy required for the growth of muscles and bones for muscle movement, digestion, and blood circulation. Owing to these factors, the amino acids segment dominates the aquafeed market, by additive.

On the basis of species, the fish segment is projected to witness higher growth in the aquafeed market.

The market, by species, is segmented into fish, crustaceans, mollusks, and others (turtles and sea urchins). Fish farming in ponds, lakes, rivers, and coastal waters is increasing to fill the gap between demand and supply. The increase in fish farming activities and aquaculture has led to the increased demand for fish feed. Among fish, carp and tilapia are high consumers of aquafeed. Also, carps are being extensively reared, owing to their adaptability to changing climates, while Tilapia culturing has increased in recent years due to the growing supply of high-quality protein tilapia species at lower prices.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1151

Asia Pacific is projected to witness the highest growth in the aquafeed market during the forecast period.

The global market was dominated by Asia Pacific in 2020, in terms of value and volume; this market is majorly driven by China, which is a major producer of aquafeed. China is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third to the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to the rapid urbanization and diet diversification.

Key Market Players:

Many domestic and global players provide aquafeed products to improve fish health. Major manufacturers have their presence in the North American and European countries. The report scope has been restricted to the market for commercial aquafeed products marketed across the globe. The key companies in the market are Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia). Various strategies, such as expansions & investments, partnerships, collaborations, and agreements, were adopted by the key companies to remain competitive in the aquafeed market.

Growth Strategies Adopted by Major Players in the Aquafeed Market

The aquafeed market is estimated to be valued at USD 50.6 billion in 2020 and is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The growth of the aquafeed market is driven by factors such as the growth in the aquaculture industry and growing seafood trade, which demands aquafeed.

The key players in the aquafeed market include Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

To know about the assumptions considered for the study download the pdf brochure

Cargill is involved in the manufacturing and marketing of food, agricultural, financial, and industrial products, and services. The company’s major business segments include food ingredients & applications; grain origination and oilseed processing; animal nutrition; and risk management and financial services. Cargill’s animal nutrition business offers a range of compound feed, premixes, feed additives, and supply chain & risk management solutions to feed manufacturers, animal producers, and feed retailers around the world. The company is one of the largest aquafeed suppliers and focuses on three core species, namely, salmon, tilapia, and shrimp. To remain competitive in the aquafeed market, recently, the company entered into a partnership with InnovaFeed (France) to develop fish feed using insect protein.

Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed ingredients, industrial ingredients, and biofuels. It offers aquafeed products through its subsidiary, ADM Animal Nutrition, Inc. (US). Strategies, such as expansions, joint ventures, and acquisitions, have aided the company to integrate its distribution channels to most feed producers. For instance, in April 2019, the company built a new high-tech feed facility in the US to increase the capabilities of its animal nutrition business and cater to the customers in the aquafeed industry.

Nutreco develops and produces animal nutrition and aquafeed products. It is a fully owned subsidiary of SHV Holdings (Netherlands). Two of the company’s global brands are Skretting (aquafeed) and Trouw Nutrition (animal nutrition). Nutreco streamlined the functioning of its business units effectively to develop and deliver product-marketing strategies for different feed segments. The company has signed agreements and joint ventures with regional players and institutions to sustain in these regional markets.

Request for Sample Pages of the Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=1151

The Asia Pacific is projected to account for the largest share in the aquafeed market during the forecast period.

The Asia Pacific market accounted for the largest share in 2020; this market is majorly driven by China and Vietnam, which are major markets for aquafeed. China is among the leading producers of aquafeed in the Asia Pacific region. Due to the significant growth of seafood consumption and trade in this region, the aquafeed market is projected to grow in the region. The processed seafood market in the region is also currently undergoing significant transformation in response to rapid urbanization and diet diversification. Also, consumer demand for convenience and processed seafood offers profitable growth prospects and diversification to the region’s food sector.

Aquafeed Market Projected to Garner Significant Revenues by 2025

The report "Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region - Global Forecast to 2025", The aquafeed market is projected to reach USD 71.6 billion by 2025; it was estimated at USD 50.6 billion in 2020, recording a CAGR of 7.2% from 2020-2025. One of the major factors driving the aquafeed market is increasing seafood consumption. Also, the increasing seafood trade has been driving the growth of this market.

Download pDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

On the basis of ingredient, the soybean segment is estimated to account for a major share, in terms of value, in 2019.

Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal. Since soybean meal is priced significantly lesser than fishmeal, the consumption of soybean meal is high.

The amino acids segment, by additive, is projected to dominate the aquafeed market during the forecast period.

Amino acids are important in animal nutrition and are the building blocks of protein, which play an essential role in the growth, production, and overall maintenance of aquatic animal health. Amino acids provide the energy required for the growth of muscles and bones for muscle movement, digestion, and blood circulation. Owing to these factors, the amino acids segment dominates the aquafeed market, by additive.

Asia Pacific is projected to witness the highest growth in the aquafeed market during the forecast period.

The global market was dominated by Asia Pacific in 2020, in terms of value and volume; this market is majorly driven by China, which is a major producer of aquafeed. China is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third to the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to the rapid urbanization and diet diversification.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1151

Key Market Players:

Many domestic and global players provide aquafeed products to improve fish health. Major manufacturers have their presence in the North American and European countries. The report scope has been restricted to the market for commercial aquafeed products marketed across the globe. The key companies in the market are Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia). Various strategies, such as expansions & investments, partnerships, collaborations, and agreements, were adopted by the key companies to remain competitive in the aquafeed market.

Latest Regulatory Trends Impacting the Aquafeed Market

The aquafeed market is estimated to account for USD 47.3 billion in 2019 and is projected to reach USD 71.7 billion by 2025, recording a CAGR of 7.2% during the forecast period. The market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets.

On the basis of ingredient, the soybean segment is estimated to account for a major share, in terms of value, in 2019.

Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal. Since soybean meal is priced significantly lesser than fishmeal, the consumption of soybean meal is high.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1151

The amino acids segment, by additive, is projected to dominate the aquafeed market during the forecast period.

Amino acids are important in animal nutrition and are the building blocks of protein, which play an essential role in the growth, production, and overall maintenance of aquatic animal health. Amino acids provide the energy required for the growth of muscles and bones for muscle movement, digestion, and blood circulation. Owing to these factors, the amino acids segment dominates the aquafeed market, by additive.

On the basis of species, the fish segment is projected to witness higher growth in the aquafeed market.

The aquafeed market, by species, is segmented into fish, crustaceans, mollusks, and others (turtles and sea urchins). Fish farming in ponds, lakes, rivers, and coastal waters is increasing to fill the gap between demand and supply. The increase in fish farming activities and aquaculture has led to the increased demand for fish feed. Among fish, carp and tilapia are high consumers of aquafeed. Also, carps are being extensively reared, owing to their adaptability to changing climates, while Tilapia culturing has increased in recent years due to the growing supply of high-quality protein tilapia species at lower prices.

Asia Pacific is projected to account for the largest share in the aquafeed market during the forecast period.

The Asia Pacific market accounted for the largest share in 2019; this market is majorly driven by China and Vietnam, which are major markets for aquafeed. China is among the leading producers of aquafeed in the Asia Pacific region. Due to the significant growth of seafood consumption and trade in this region, the aquafeed market is projected to grow in the region. The processed seafood market in the region is also currently undergoing significant transformation in response to the rapid urbanization and diet diversification. Also, consumer demand for convenience and processed seafood offers profitable growth prospects and diversification to the region’s food sector.

The major vendors in the global aquafeed market are Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1151

Key questions addressed by the report:

• Which region will account for the highest share in the aquafeed market?
• How would the fluctuations in ingredient prices impact the growth of the aquafeed market globally?
• What is the level of support offered by governments across these countries to aquafeed manufacturers?
• Which are the key players in the market and how intense is the competition?