Aquafeed Market Key Players, Shares, Types, Manufacturers, Industry Analysis, Growth, Trends, Drivers, Challenges 2020 – 2027
Aquafeed Insights:
The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers.
Major Players in Aquafeed Market:
The leading players in the Aquafeed Market:
- ADM
- Cargill, Incorporated
- Ridley Corporation Limited
- Nutreco
- Purina Animal Nutrition LLC
- Aller Aqua A/S
- BioMar
- Nutriad
- Biomin Holding GmbH
- Norel S.A
Key Drivers of Aquafeed Market:
Some of the major factors responsible for the growth of the global aquafeed market include a rise in aquaculture production, growing seafood consumption, and increasing seafood trade. The need for food that is rich in protein has significantly raised. Aquafeed prevents viral outbreaks such as fin rot, fish dropsy, and ammonia poisoning, which are common bacterial and fungal diseases. The remarkable benefits provided by aquafeeds is attracting many consumers towards the market. Rising demand for natural vitamin additives and feed acidifiers as they help reduce seafood-borne diseases such as salmonella, vibrio, and listeria is fuelling the growth of this market.
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Aquafeeds are rich in amino acid, protein, and omega 3, which offers healthy development to fish and reduces the possibility of fungal & bacterial infections. These factors are increasing the growth of the aquafeed market. Presently, people are becoming more aware of the health advantages related to the consumption of fish or other aquaculture species, which has surged the demand for nutritional food.
Based on the region, the Asia-Pacific region is expected to grow at a higher CAGR during the forecast period as China is the biggest consumer, producer, and processor of aquaculture products, and it has high support to the global supply. Fish farming is easy in this region owing to drivers such as the durability of species and good water quality within closed farm systems. The increased rate of fish farming offers substantial supply to comply with the demand, which is a key driver bolstering the growth of the aquafeed market in the Asia-Pacific region.
Aquafeed Market Segmentation:
The aquafeed market has been segmented into the following categories:
Aquafeed Market by Ingredient:
- Soybean
- Soybean meal
- Soy oil
- Soy lecithin
- Corn
- Corn gluten meal
- Corn gluten feed
- Corn oil
- Fishmeal
- Fish oil
- Additives
- Other Ingredients
Aquafeed Market by Additives:
- Antibiotics
- Vitamins & minerals
- Antioxidants
- Amino acids
- Enzymes
- Probiotics & prebiotics
- Other Additives
Aquafeed Market by Species:
- Fish
- Tilapia
- Salmon
- Carp
- Trout
- Other Fish Species
- Crustaceans
- Shrimp
- Crabs
- Krill
- Other Crustaceans
- Mollusks
- Oysters
- Mussels
- Other Mollusks
- Other Species
Aquafeed Market by Form:
- Dry Form
- Wet Form
- Moist Form
Aquafeed Market by Lifecycle:
- Grower Feed
- Finisher Feed
- Starter Feed
- Brooder Feed
Aquafeed Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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