#Aquafeed Market

[ananya5400]

The global aquafeed market is on a trajectory of significant expansion, with an estimated value projected to reach USD 84.2 billion by 2029 from the 2024 valuation of USD 59.0 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 7.4%. 

[global-research-report]

Feeding a Growing World: The Vital Role of Aquafeed in Global Aquaculture

The global aquafeed market was valued at USD 72.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The demand for aquafeed is primarily driven by its increasing use in the cultivation of various aquatic species, such as tilapia, carp, catfish, and salmon, which are among the most commonly farmed fish globally. This growth is further supported by the rising popularity of aquaculture as a method to meet the growing global demand for seafood.

The aquafeed market is highly fragmented, with numerous industry players operating across different segments of the value chain. Notable companies in the market include major players such as BioMar Group, Cargill, Inc., and Charoen Pokphand Foods PCL. These companies are strategically focusing on mergers and acquisitions, partnerships, portfolio expansions, and collaborations to strengthen their market position and diversify their product offerings.

Key Market Trends

Increasing Fish Farming Activities The growing preference for aquaculture as a sustainable and efficient method of food production is a significant driver for the aquafeed market. As wild fish stocks are increasingly depleted, fish farming is being promoted as a solution to ensure a steady, reliable supply of seafood. Aquaculture is considered a more sustainable alternative to traditional fishing, and as the global population continues to grow, the demand for farmed fish is expected to rise, subsequently boosting the need for aquafeed.

Preference for Natural and Organic Aquafeeds A key trend within the aquafeed market is the rising preference for natural and organic feed products. Consumers and manufacturers are becoming more conscious of the environmental impact of aquaculture practices. As a result, there is an increasing demand for plant-based and sustainably sourced aquafeeds that minimize the ecological footprint of fish farming. For example, Cargill has recently launched a new line of plant-based aquafeed called "Ewos Naturligvis" in Norway, which is made from sustainable ingredients such as wheat, soy, and corn. This feed product aims to provide optimal nutrition for fish while reducing the environmental impact of fish farming.

Advancements in Aquafeed Production Technologies The production of aquafeed is becoming increasingly technologically advanced, with both traditional and modern, technology-driven processes being employed to manufacture feed products. Modern technologies such as precision nutrition, genetic advancements, and microencapsulation are enabling manufacturers to create feed that is more nutritionally balanced, efficient, and sustainable. These innovations contribute to improved growth rates and feed conversion ratios in fish farming, making aquaculture operations more productive and profitable.

Sustainability Concerns and Ingredient Sourcing As the aquaculture industry expands, sustainability concerns are becoming more prominent. The sourcing of feed ingredients such as fishmeal and fish oil, which are traditionally derived from wild fish stocks, has raised concerns over overfishing and environmental degradation. In response to these concerns, there has been a growing shift towards plant-based alternatives and the use of sustainable ingredients in aquafeed formulations. This includes the use of algae, insects, and other sustainable protein sources that reduce the reliance on traditional fishmeal.

Regional Insights

Asia Pacific:

The Asia Pacific region dominated the global aquafeed market in 2022, accounting for more than 44.10% of the overall market revenue. The region is expected to maintain its dominant position throughout the forecast period, with continued growth at the fastest rate. Several factors contribute to this strong performance:

Substantial Growth in Aquaculture: Asia Pacific is the largest hub for aquaculture, particularly for farmed species like tilapia, carp, catfish, and shrimp. The region's extensive aquaculture operations and the increasing demand for fish products are key drivers of the market.

Cost Advantage: The availability of cheap labor and favorable conditions for aquaculture in countries like China, India, and Vietnam help reduce production costs and increase the profitability of fish farming, making aquafeed production more economically viable.

Abundant Natural Resources: The region is rich in natural resources essential for aquaculture, such as water bodies and suitable climatic conditions for farming aquatic species. This makes it easier to scale up production and meet both domestic and international demand for seafood.

With growing seafood consumption and an expanding aquaculture sector, Asia Pacific is expected to retain its leadership in the global aquafeed market throughout the forecast period.

Europe:

Europe’s aquaculture industry has seen significant growth, particularly in countries like the U.K., France, Italy, and Spain. This expansion is fueled by several key trends:

Improvements in Environmental Management: European countries have increasingly focused on sustainable practices in aquaculture, improving environmental management and ensuring the sustainability of fish farming. This includes enhanced water quality management, eco-friendly practices, and efficient feed usage.

Feed Efficiency and Nutrient Consumption: There has been a notable improvement in the feed efficiency and nutrient consumption by aquatic species, which has helped boost the productivity and profitability of aquaculture operations in the region. These improvements contribute to the growing demand for high-quality aquafeed products.

Strong Regulatory Framework: Europe's strong regulatory environment, particularly related to sustainability and environmental impact, is also a key factor driving the demand for more efficient and sustainable aquafeed solutions.

In the coming years, Europe is expected to continue benefiting from these factors, along with a growing preference for seafood among consumers, further propelling the market's growth.

North America:

The North America aquafeed market is also expected to experience significant growth over the forecast period. Several factors are driving the expansion of the region's aquaculture sector:

Rising Seafood Consumption: There is an increasing demand for various types of seafood, such as salmonids (like salmon), mollusks (including oysters and mussels), and other shellfish like hard clams. This trend is driving the growth of aquaculture and, in turn, the demand for high-quality aquafeed products.

Growing Aquaculture Sector: The expansion of aquaculture operations, particularly in North American coastal areas where species like salmon, mussels, and oysters are farmed, is fueling the growth of the aquafeed market. The growing focus on sustainable seafood production also aligns with the increasing demand for more efficient and eco-friendly aquafeeds.

Technological Advancements: North America is witnessing significant advancements in aquaculture technologies, including precision feeding and sustainable aquafeed formulations, which contribute to more efficient and environmentally friendly fish farming practices.

As a result, North America is poised to see substantial growth in its aquafeed market, driven by increasing seafood demand, technological innovations, and a growing focus on sustainability in aquaculture practices.

Browse through Grand View Research's Category Animal Feed and Feed Additives Industry Research Reports.

The global methionine market size was valued at USD 3.37 billion in 2023 and is projected to grow at a CAGR of 9.1% from 2024 to 2030.

The global mulching materials market size was estimated at USD 3.89 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030.

Key Aquafeed Companies

Some of the prominent players in the global aquafeed market include:

Cargill, Inc.

BioMar Group

Ridley Corp. Ltd.

Aller Aqua

BENEO

Alltech

Aker Biomarine

Charoen Pokphand Foods PCL

Skretting

Purina Animal Nutrition LLC

Dibaq Aquaculture

INVE Aquaculture

Avanti Feeds Ltd.

Biostadt India Ltd.

The Waterbase Ltd.

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

[supriyab]

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.

[businesspr]

Aquafeed Market in 2023: A Comprehensive Overview

Laboratory Information Systems, often abbreviated as LIS, are sophisticated software solutions designed to manage and streamline the data generated in a clinical or research laboratory. These systems encompass a wide array of functions, including data entry, sample tracking, result reporting, and quality control, all crucial for the smooth operation of any laboratory.

Request Report: https://marketresearch.biz/report/laboratory-information-systems-market/

[growthofcarsharingmarket]

The global aquafeed market is expected to grow at a CAGR of 7.2% during 2023-2028, according to a recent market report. Aquafeed refers to the specialized feed given to aquatic animals, including fish, crustaceans, and mollusks, in aquaculture farms. 2023 Alltech Agri-Food Outlook: Global aquafeed production will grow in 2022.

[vitalneedsseo]

aquaculture feed prices in australia

Vital-Needs provides high performance Aquaculture Feed supplements for fish, as well as shrimp culture in VIC, Australia. Checkout Aquaculture Feed prices in Australia! If the past few years have taught us anything, it is the critical need to understand, trust, and follow science when making important public policy decisions. It is with this guiding principle that I offer facts and perspective in response to my colleague and friend Leonard Forsman’s recent column published in the Kitsap Sun regarding net-pen aquaculture in Puget Sound. With global nutrition, Tribal treaty rights, and local jobs at stake, we must be skeptical of alarmist rhetoric based on outdated assumptions, misconceptions, and mistruths. There are many reasons the public and the Department of Natural (DNR) Resources should support a robust and well-regulated Aquaculture industry here in Washington and specifically in the Puget Sound area. Our wild stocks of trout and salmon are more imperiled than ever. The loss of wild salmon and steelhead runs threatens extinction of our Southern Resident Orca, our Tribal opportunity to harvest wild fish for sustenance and ceremony purposes as well as our region’s rich history of locally sourced salmon and trout as a family-food staple. Sustainable fish-farming allows us to continue harvesting locally grown seafood without further depleting our native stocks. I firmly believe aquaculture is part of the solution, not the problem. The world’s population is experiencing an exploding demand for nutrient-rich sources of protein and aquaculture is the most carbon-friendly way of providing it. The Food and Agriculture Organization of the United Nations estimates that by the year 2030 the number of malnourished people will rise to 841 million and stated last month “Aquaculture is vital for feeding the world’s expanding population.” Most Americans don’t realize over 80% of our seafood products are imported into the United States and most of those countries do not meet our environmental standards. Farmed seafood requires the lowest energy demand of any sourced protein, a fraction of what is required to farm chicken, pork, or beef and produces far less greenhouse gas emissions than land-based agriculture. It seems only natural that as a northwest region, the Salish Sea would embrace aquaculture as an industry that would complement our natural stock fisheries in which we can be global leaders in feeding a hungry planet, and sourcing locally grown seafood, in the most climate friendly way possible. False and outdated assertions on the ecological safety of net-pen fish farms must be corrected by looking at fact vs. fiction. After a year of extensive scientific review and public input, the Washington Department of Fish and Wildlife (WDFW) approved a plan for growing native stocks of sterile, all-female, triploid steelhead trout in Puget Sound, a decision already upheld by King County Superior Court. They and multiple peer reviewed studies in the Pacific Northwest have concluded that commercial fish farming poses a very low risk to wild salmon populations. In response to Mr. Forman’s concern about the protecting the genetic integrity of native stocks, it is important to note that several tribal entities, as well as state and local agencies, raise and release millions of hatchery-raised salmonid smolt into rivers and waters in the Puget Sound region each year, including hatchery raised steelhead. This practice shares much in common with aquaculture fish-farming. The only difference being that enhancement programs release hatchery raised fish directly into rivers and open waters, whereas aquaculture releases, raises, and harvests fish into and out of one fixed location.

Contact Us

Vital Needs 30 Victoria Place Pakenham (VIC) 3810 Australia Call: +61 451 992 791 / +61 491 717 634 Email: shalin@vital-needs.com

Website - https://www.vital-needs.com/

Visit Link – https://www.vital-needs.com/aquaculture-feed-supplements-prices-in-VIC-australia

[ravinderimarc]

The global aquafeed market size reached USD 183.0 Billion in 2024. IMARC Group expects the market to reach USD 376.0 Billion by 2033, exhibiting a growth rate (CAGR) of 7.46% during 2025-2033. The rising global seafood demand, significant advancements in sustainable aquaculture practices, innovations in feed formulations, government support for aquaculture development, and increasing investments in research for production efficiency are some of the major factors driving the growth of the market.

[rita0605]

Boost Aquatic Well-being with VINAYAK's High-Quality Feed Supplements

VINAYAK is your trusted partner for premium-quality aquafeed supplements. As a leading supplier in the industry, we specialize in crafting innovative solutions tailored to enhance the health and performance of aquatic species.

Our aquafeed supplements are meticulously formulated using cutting-edge research and top-quality ingredients, ensuring optimal nutrition for your aquatic livestock. Whether you're farming fish, shrimp, or other aquatic species, our supplements are designed to support growth, improve immunity, and enhance overall well-being.

At VINAYAK, we prioritize safety and efficacy. Our supplements undergo rigorous testing to ensure they meet the highest standards of quality and performance. From production to packaging and delivery, we maintain strict quality control measures to guarantee freshness and potency.

Choose VINAYAK as your aquafeed supplement supplier and unlock the full potential of your aquaculture operations. Experience the difference in quality, performance, and profitability with VINAYAK's superior aquafeed solutions.

[ananya5400]

The global aquafeed market is projected to reach USD 84.2 billion by 2029 from USD 59.0 billion by 2024, at a CAGR of 7.4% during the forecast period in terms of value, highlighting the growing aquafeed market size.

[foodandbeverages]

Aquafeed Additives Market Research Report - Opportunities & Challenges With Totally Different Segments, Forecast-2033

The frozen food market share is estimated to exceed US$ 335,342 million in 2023. The demand for frozen food is expected to rise at a CAGR of 6.9% from 2023 to 2033, taking the valuation to US$ 629,649 million by 2033. The fast-paced modern lifestyle has led to an increased preference for convenient meal options. Busy individuals and families find frozen foods to be a quick and hassle-free solution, reducing the time spent on meal preparation.

Moreover, the rising awareness of food waste issues has led to a preference for frozen foods, which have longer shelf lives and help reduce wastage. Lastly, technological advancements in freezing and packaging techniques have improved the quality and taste of frozen products, further fueling the industry’s growth.

Despite its growth, the frozen food industry faces certain restraints. One significant challenge is the perception that frozen foods are less healthy than fresh options. Consumers often associate frozen foods with high levels of preservatives and additives, which can deter health-conscious buyers. Additionally, concerns about the environmental impact of frozen food packaging, especially non-recyclable materials, have led to calls for more sustainable practices. Furthermore, the industry must address product labeling and transparency issues to build consumer trust. Overcoming these restraints is essential for sustained growth.

Unlock Growth Potential in Your Industry – Get Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-17944

“Consumers are increasingly seeking low-sodium, gluten-free, and organic frozen products. Manufacturers can capitalize on this trend by offering nutritious alternatives without compromising taste.” says an FMI analyst.

The frozen food industry is ripe with opportunities for innovation and expansion. One promising avenue is the rising demand for healthier frozen food options. There is a growing market for plant-based and meat substitute frozen foods, aligning with the global shift toward more sustainable and ethical eating practices. As eCommerce continues to grow, online grocery delivery services present a significant opportunity to expand the reach of frozen food products to a broader consumer base.

Several exciting trends have emerged in the frozen food industry in recent years. There’s a growing interest in international and fusion flavors. Consumers are exploring frozen dishes that blend diverse culinary traditions, providing unique and exciting flavor profiles. Secondly, smart packaging is gaining traction, with labels that provide real-time information on food freshness and safety, enhancing consumer trust. Thirdly, subscription-based models for frozen food delivery are on the rise, offering consumers convenient access to various gourmet options. Lastly, the industry is witnessing a surge in tech-driven cold chain logistics, optimizing the transport of frozen goods and ensuring their quality throughout the supply chain.

Key Takeaways from the Frozen Food Market

Frozen fruits and vegetables hold over 30% market share in 2023.

Ready to eat frozen food segment exceeds 25% of the market share.

Supermarkets & hypermarkets command about 40% market share.

Dominance of frozen fruits and vegetables attributed to healthier options, retail expansion, and awareness.

Ready to eat frozen food driven by convenience, technology, and cuisine variety.

Supermarkets & hypermarkets are preferred for convenience, product preservation, marketing, and loyalty programs.

United States to hold a market share of 17.2% in 2023, driven by subscription services, eco-friendly packaging, and diverse cuisine.

Germany to capture a market share of 8.0% in 2023, focusing on quality, innovation, and sustainability.

Japan is estimated to hold a market share of 4.0% in 2023, driven by AI-powered vending machines, chef-designed meals, and smart packaging.

Australia is projected to hold a market share of 2.1% in 2023, influenced by frozen superfoods, AR applications, and sustainable cooking.

China is likely to hold a market share of 12.0% in 2023 with blockchain technology, foodie influencers, and virtual kitchens.

India to capture a market share of 4.5% in 2023, introducing regional varieties, sustainable packaging, and community-based subscriptions.

Competitive Landscape of the Frozen Food Market

The competitive landscape of the frozen food market resembles a vibrant culinary arena where an array of companies vie for consumer attention and market share. In this dynamic ecosystem, global industry giants, regional champions, and innovative startups all play their part.

Leading multinational corporations like Nestlé, Conagra Brands, General Mills, and Tyson Foods hold prominent positions in the market. Their extensive product portfolios, established brands, and far-reaching distribution networks give them a competitive edge. These industry leaders continually invest in research and development to diversify their offerings, focusing on healthier and more sustainable frozen food options.

In addition to these global players, numerous startups and smaller firms contribute to the market’s diversity. They often specialize in niche segments, offering unique, premium frozen food products. Many of these companies leverage digital marketing and eCommerce platforms to directly reach consumers, providing a new dimension to the competitive landscape.

The competition is not uniform but varies based on product offerings, regional consumer preferences, and economic conditions. While some companies excel in convenience-driven markets like North America, others focus on quality and taste, particularly in Europe. In emerging markets such as India and China, local manufacturers and international players compete to capture the growing middle-class consumer base.

In this ever-evolving market, success hinges on adaptability to changing consumer tastes and market dynamics while maintaining high quality and safety standards in product offerings. As competition intensifies, innovation remains the key to staying ahead in the frozen food industry.

Recent Developments in the Market:

Nestlé plans to invest US$ 1.2 billion in its frozen food business over five years. The investment will be used to expand production capacity, develop new products, and improve marketing and distribution.

Conagra Brands launched a new line of frozen plant-based meals under its Healthy Choice brand. The meals are made with plant-based proteins, vegetables, and grains.

Tyson Foods acquired the frozen food company Keystone Foods for US$ 2.9 billion. The acquisition gives Tyson a major presence in the frozen chicken market.

Green Giant introduced a new line of frozen cauliflower-based products. The products include cauliflower pizza crust, cauliflower rice, and cauliflower crumbles.

Birds Eye launched a new line of frozen plant-based burgers. The burgers are made with pea protein and other ingredients.

Key Companies in the Market

Aryzta A.G.

Ajinomoto Co. Inc.

Cargill Incorporated

General Mills Inc.

JBS S.A.

Kellogg Company

The Kraft Heinz Company

Nestle S.A.

ConAgra Brands, Inc.

Associated British Foods Plc.

Amy’s Kitchen

Birds Eye

Maple Leaf Foods

Pinnacle Foods

Unilever

Tyson Foods

Key Segments

By Type:

Frozen Fruits and Vegetables

Frozen Meat and Fish

Frozen Desert

Frozen Snacks

Frozen Cooked Ready Meals

Other Frozen Food Types

By Category:

Ready to eat Frozen Food

Ready to cook Frozen Food

Ready to drink Frozen Food

Others Frozen Food Categories

By Distribution Channel:

Supermarkets & Hypermarkets

Convenience Stores

Online Channels

Others

By Freezing Technique:

Blast Freezing of Foods

Belt Freezing of Foods

Individual Quick Freezing (IQF) of Foods

Others Freezing Techniques

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

Information Source: https://www.futuremarketinsights.com/reports/frozen-food-market

[mysticalpersonakingdom]

Aquafeed Market

[growthofcarsharingmarket]

The global aquafeed equipment market is projected to grow at a CAGR of 5.5% during 2022-2028, according to a recent market report. Aquafeed equipment is used in the production of feed for aquatic animals, including fish, shrimp, and other aquatic species.

[poojaj]

Feed + Aquafeed Market is poised to achieve continuing growth During Forecast Period 2023-2030

The Feed and Aquafeed Market refers to the industry that produces and sells animal feed, including feed for fish and other aquatic animals. This market is driven by the growing demand for meat, dairy, and fish products, which in turn increases the demand for animal feed.

For Sample Report Click Here:-https://www.marketinforeports.com/Market-Reports/Request-Sample/486345

Feed refers to the food that is given to animals, including livestock, poultry, and fish. It can be in the form of natural forage or artificially formulated feed, depending on the animal’s dietary requirements and feeding habits. In the context of aquaculture, feed refers specifically to the food given to farmed aquatic animals, such as fish, shrimp, and other shellfish.

Aquafeed, on the other hand, refers to the specialized feed that is formulated specifically for aquatic animals. Aquafeed contains a balanced mix of protein, carbohydrates, fats, vitamins, and minerals to meet the nutritional requirements of farmed aquatic animals. The formulation of aquafeed varies depending on the species of fish or other aquatic animal being farmed, their life stage, and the type of farming system being used.

The global feed market is expected to reach a value of USD 570.1 billion by 2027, growing at a CAGR of 3.2% from 2020 to 2027. The aquafeed market specifically is expected to reach a value of USD 71.6 billion by 2026, growing at a CAGR of 4.9% from 2021 to 2026.

The key factors driving the growth of the feed and aquafeed market include the increasing population and the rising demand for protein-rich food, as well as the expansion of the aquaculture industry. Additionally, advancements in technology and the increasing use of alternative protein sources such as insect meal and single-cell proteins are expected to further drive market growth.

However, the market is also facing challenges such as increasing raw material costs and concerns over sustainability and environmental impact. As a result, there is a growing focus on developing sustainable and environmentally-friendly feed options, such as plant-based and algae-based feeds.

Overall, the feed and aquafeed market is a significant industry that plays a crucial role in meeting the growing demand for animal-based products, and it is expected to continue to grow in the coming years.