#Aquafeed Market size

[agrinewblogs]

What Does the Future Hold for Aquafeed Market Players?

The Aquafeed Market has emerged as a crucial component in the global aquaculture industry. With the increasing demand for seafood, driven by the health benefits and a growing population, the need for efficient and sustainable aquafeed solutions has never been more pronounced. This blog explores the current trends, challenges, and opportunities within the aquafeed market.

Aquafeed Market Size is Projected to Grow at a CAGR of 6.80% from 2020 to 2030, Reaching USD 87 billion by that time.

Trends Shaping the Aquafeed Market

Sustainability and Environmental Impact: Consumers are increasingly conscious of the environmental impact of their food choices. This has led to a surge in demand for sustainable aquafeed solutions that minimize ecological footprints. Companies are investing in alternative ingredients like insect protein, algae, and plant-based proteins to replace traditional fishmeal and fish oil, which are derived from wild fish stocks.

Technological Advancements: Innovations in feed formulation and production processes are driving the market forward. Precision nutrition, which tailors feed composition to the specific needs of different species and growth stages, is becoming more prevalent. Additionally, advancements in feed additives, such as probiotics and prebiotics, are enhancing fish health and growth performance.

Increased Production of High-Value Species: There is a growing trend towards the cultivation of high-value species like salmon, shrimp, and tilapia. These species require specialized feed that supports rapid growth and high survival rates. The demand for premium aquafeed products is rising as a result.

Geographical Expansion: The aquafeed market is expanding globally, with significant growth in regions like Asia-Pacific and Latin America. These regions have favorable climatic conditions for aquaculture and are investing heavily in aquafeed production facilities to meet local and international demand.

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Key Players:

Cargill Inc. (U.S.), BioMar Group (Denmark), Waterbase Ltd (India), BASF (Germany), Alltech Inc. (U.S.), Coppen International BV (Netherlands), Ridley Corporation (Australia), Zeigler bros. Inc. (U.S.), Evonik Industries (Germany), and Marvesa (Netherland)

Challenges in the Aquafeed Market

Despite the positive trends, the aquafeed market faces several challenges:

Resource Scarcity: The reliance on fishmeal and fish oil, which are finite resources, poses a sustainability challenge. Although alternative ingredients are being developed, ensuring their nutritional adequacy and cost-effectiveness remains a hurdle.

Regulatory Hurdles: The aquafeed industry is subject to stringent regulations aimed at ensuring food safety and environmental protection. Navigating these regulations can be complex and costly for manufacturers, particularly when entering new markets.

Economic Volatility: Fluctuations in raw material prices can impact the cost of aquafeed production. This economic volatility necessitates robust risk management strategies to maintain profitability. 

Opportunities for Growth

The aquafeed market is ripe with opportunities for growth and innovation:

R&D Investments: Continued investment in research and development can lead to breakthroughs in alternative ingredients and feed formulations. Collaboration between industry, academia, and governments is essential to drive innovation.

Market Diversification: Expanding into emerging markets offers significant growth potential. Developing region-specific aquafeed solutions can cater to local species and conditions, enhancing market penetration.

Sustainable Practices: Adopting and promoting sustainable practices not only meets consumer demand but also ensures long-term viability. Transparency in sourcing and production processes can enhance brand reputation and consumer trust.

Table of content:

Executive Summary

Market Introduction

Research Methodology

Market Landscape

Market Dynamics

To be continued...

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[ananya5400]

The aquafeed market is a critical component of the aquaculture industry, supporting the growth and health of farmed aquatic species. As global demand for seafood rises, the aquafeed sector has experienced rapid expansion, innovation, and transformation. In this blog, we’ll explore the current trends, challenges, and opportunities shaping the aquafeed market.

[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.

[neha122]

The size of the worldwide aquafeed market is anticipated to increase at a compound annual growth rate (CAGR) of 5.6% between 2022 and 2030.

Depending on the age of the animal and the needs of the species, different additives, raw materials, and other supplements obtained from either synthetic or natural sources are combined to create aquafeeds, which are compounded meals designed for aquatic animals. Because of their need-specific and balanced composition, high-quality aquafeeds are more beneficial to a variety of aquatic species than farm-made feed, providing immunological resistance, growth, and nutrition.

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[mysticalpersonakingdom]

Aquafeed Market

[databridgemarket456]

Aquafeed enzymes market is expected to expand at a compound annual growth rate of 7.80% over the forecast period of 2021 to 2028

[reporttrendz]

Increase in consumption of seafood and rising per capita income are the factors driving the growth of the aquafeed market. Seafood is a good source of

vitamins and minerals

which helps in maintaining the nutrient diet. As seafood is free from harmful carbohydrates, it protects humans from heart diseases. With the flourishing seafood business and additional demand from domesticating aquatic animals, we have a profitable aquafeed market. As per our recent business intelligence report, the global aquafeed market size was $44.2 billion to $44.6 billion as of 2018, and the market demand is projected to increment at a healthy CAGR of 4% to 6% over the forecast period of 2019 to 2025.

The aquafeed industry is continuously challenged to find natural ingredients that offer functional benefits yet allow optimal nutrient composition at a competitive price. Therefore, innovative companies in the aquafeed market are formulating products that have technological properties allowing the control of pellets density as well as expansion, decreasing fine proportion, and improving the stability of feed pellets. From the nutritional point of view, gelatinizing by the extrusion process makes the feed fully digestible source of energy for fish.

APAC holds the largest share of the Aquafeed Market

Aquafeed is a food specially prepared for aquatic animals. It is generally prepared by using various raw materials and additives such as fish oils and plant sources. According to IndustryARC market analysis, APAC held the largest demand share of more than 30% to 32% of the overall demand as of 2018. The World Bank estimates that in APAC region, China has the largest number of 968,627.57 million fish product consumers and then followed by India and Indonesia with 402,334.78 and 133,465.20 million respectively. Now, this wide range of consumption of fish products becomes a major driving factor to the aquafeed market.

Crap-type is the largest consumed product in this region, and the demand for this segment is projected to increment at a phenomenal CAGR of 29% to 31% over the forecast period of 2019-2025. The aquafeed is supplied to animals in different forms such as dry, moist and wet. In the dry form, it is available as powder, pellets, and crumbles. Based on the aquatic animal population, the supply of food in various forms is done.

Aquafeed Market: Disruptive Drivers and Trends

The emergence of new species in aquaculture and the growth of fish farming are creating new revenue avenues for the players operating in the market. The new fish species which includes meagre, amberjack, and wreckfish are more dependent on commercially manufactured compound feeds.

Introduction of new algae aquaculture feed ingredient as the replacement of fishmeal and fish oil with plant-based materials, which are low in docosahexaenoic acid (DHA) in formulated feeds.

More than 70 percent of fish meal protein is replaced with soybean meal without adding squid meal, krill meal, and attractants. Soybean meal increases the proteins in human body by decreasing the oils that cause health issues.

Data collection and dissemination is a key element for monitoring the status and trend of ornamental fish culture. If volume and diversity of trade are better known, it will be possible to tackle other relevant issues that can lead to environmental and economic benefits for production in the aquafeed marketplace.

Demand for salmonid feeds will be almost static, and it increases in aquaculture production being compensated by improvements in food conversion ratio (FCR). Equally, the market for commercial feeds is expected to increase for catfishes and other carnivorous fishes.

Some of the major players operating in the aquafeed market are Avanti Feeds Limited, Cargill Inc, Alltech, Archer Daniels Midland Company, Ridley Corporation Limited, Nutreco N.V, Biostadt India Limited, Nutriad, Aller Aqua A/S, and Purina Animal Nutrition.

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[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%. Demand for seafood and innovation in aquaculture technologies are driving the growth of the aquafeed market. 

[neha122]

The size of the worldwide aquafeed market is anticipated to increase between 2022 and 2030 at a CAGR of 5.6%.

Depending on the age of the animal and the species' needs, aquafeeds are compounded meals made for aquatic animals by combining different additives, raw materials, and other supplements from either synthetic or natural sources. Due to their need-specific and balanced composition, high-quality aquafeeds benefit a variety of aquatic species more than farm-made feed, including immune resistance, growth, and nutrition.

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[businessconsultingarticle]

Aquafeed Market Segmentation, Challenges and Opportunities to 2027

Global Aquafeed Market Overview 2026

The Global Aquafeed Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability. The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends. Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.

This report covers the recent COVID-19 incidence and its impact on Aquafeed Market . The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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Leading Players in the Aquafeed Market:

Biomar A/S, Cargill Inc., NK Ingredients Pte Ltd., Norel Animal Nutrition, Aller Aqua A/S, Beneo GmbH, Alltech Inc., Evonik Industries, Novus International Inc., Cermaq ASA, De Heus

Competitive landscape

The Aquafeed Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share. The vendors engaged in the sector are outlined based on price, quality, brand, product differentiation, and product portfolio. The vendors are gradually expanding their focus on product personalization by way of customer interaction.

Aquafeed Market segment by Regions/Countries: United States, Europe, China, Japan, Southeast Asia, India, Central & South America.

Major Types of Aquafeed covered are:

Market has been divided by Type as:

Fish Feed

Crustacean Feed

Mollusk Feed

Others

Market has been divided by Ingredients as:

Soybean

Corn

Fish Meal

Fish Oil

Additives

Others

Access this report at incredible discounts by contacting us@ https://www.reportsanddata.com/discount-enquiry-form/1764

Points Covered in The Report:

A. The pivotal aspects considered in the Global Aquafeed Market report consist of the leading competitors functioning in the global sector.

B. The report also encompasses company profiles prominently positioned in the global market.

C. The production, sales, corporate strategies, and the technological capabilities of leading manufacturers are also contained within the report.

D. The driving factors for the growth of the Global Aquafeed Market are explained exhaustively, along with an in-depth account of the end-users in the industry.

E. The report also explains critical application areas of the global sector, curating an accurate description of the market to the readers/users.

F. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of the industry experts and professionals. The experts also evaluate the export/import policies that might be propelling the growth of the Global Aquafeed Market.

G. The report on the Global Aquafeed Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Reasons for Buying Aquafeed Market Report:

A. The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global sector.

B. It also presents an in-depth view of the different factors driving or restraining the growth of the global market.

C. The Global Aquafeed Market report provides an eight-year forecast derived on the basis of the potential growth of the market.

D. It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and sub-segments.

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Thanks for reading this article; you can also customize this report to get select chapters or region-wise coverage with regions like Asia, United States, Europe, etc.

[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%. 

[marketresearchnewsworld-blog]

Aquafeed Market is Projected to Grow at a CAGR of 7.8% by 2024

According to a new report published by Fast.MR titled, "Aquafeed Market - By End User (Fish, Crustaceans, Others), By Form (Powder, Liquid, Extruded, Pellet), By Ingredient (Fish Meal, Fish Oil, Additives, Soybean, Corn, Others), By Sales Channel (Direct Sales, Indirect Sales) & Global Region - Market Size, Trends, Opportunity and Forecast 2018-2024," The global aquafeed market accounted for USD XX.X Million in 2018. Further, the market is expected to reach to a valuation of USD XX.X Million by the end of 2024. Moreover, it is anticipated to flourish at a CAGR of 7.8% during the forecast period i.e. 2019-2024.

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Segmentation

The research offers a comprehensive analysis of aquafeed market with respect to following sub-markets:

By End User

- Fish

-- Salmon

- - Trout

- - Sturgeon

- - Tilapia

-- Others

- Crustaceans

- - Shrimps

-- Prawns

- - Crab

- - Krill

- - Others

By Form

- Powder

- Liquid

- Extruded

- Pellet

By Ingredient

- Fish Meal

- Fish Oil

- Additives

- Soybean

- Corn

- Others

By Sales Channel

- Indirect Sales

- Hypermarket/Supermarket

- Brand Retail Outlets

- Online Sales

- Other Retail Stores

- Direct Sales

By Geography

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)

- Latin America (Brazil, Mexico and Rest of Latin America)

- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as

Archer Daniels Midland Company

- Cargill

- Alltech

- Aller Aqua A/S

- Ridley Corporation Limited

- Nutreco N.V.

- Avanti Feeds Limited

- Nutriad

- Biomar

- Biomin Holding GmbH

- Other Major & Niche Players

Get Full Report With TOC@https://www.fastmr.com/report/89/aquafeed-market

About Us:

FAST.MR is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in depth to provide our clients with better strategies to stand out in the market.

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[marketglobalanalysis]

Aquafeed Market to Rear Excessive Growth During 2019-2026 | Biomar A/S, Cargill Inc., NK Ingredients Pte Ltd.

The research report on the global Aquafeed market provides a comprehensive outlook of the equipment and technological devices employed in the manufacturing of the Aquafeed market products. From industry chain analysis to cost structure analysis, the report examines various factors of the industry, including production and end-use segments of the Aquafeed market. The current trends in the pharmaceutical industry have been highlighted in the report to evaluate their influence on the overall output of the Aquafeed market.

The Global Aquafeed Market was valued at USD 118.8 billion in the year 2018 and is expected to reach the valuation of USD 254.6 billion by the year 2026, growing at a CAGR of 10.2% through the forecast years.

Check out the Sample Report of Aquafeed Market here @ https://www.reportsanddata.com/sample-enquiry-form/1764

Results of the latest scientific undertakings for the development of new Aquafeed products have also been considered. Factors that can potentially influence the leading industry players to implement synthetic sourcing of market products have also been studied in this investigative report. The inferences drawn in this study are valuable for any company operating in the industry. Every organization contributing to the global production of the Aquafeed market products has been profiled in this report, in order to study the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

The varying scenarios across the global market have been examined in this study, providing an overview of how the Aquafeed products have established their place in this rapidly-evolving sector. Industry participants will be able to formulate their strategies and tactics by assessing the speculated market size for the forecast mentioned in the report. Favorable regional markets for the Aquafeed have been described, which are expected to impact the global expansion strategies of the leading organizations. Additionally, key manufacturers have been profiled comprehensively in this research report.

Competitive Landscape:

The Aquafeed market is moderately competitive and includes numerous key players. When looking at market share, few industry players predominantly constitute the worldwide market.  Some of the major players engaged in the market are Biomar A/S, Cargill Inc., NK Ingredients Pte Ltd., Norel Animal Nutrition, Aller Aqua A/S, Beneo GmbH, Alltech Inc., Evonik Industries, Novus International Inc., Cermaq ASA, De Heus, Nutriad International, Ridley Corporation, Dibaq a.s., InVivo NSA, Archer Daniel Midland (ADM), Addcon Group GmbH, Biomin Holding GmBH, Skretting, Avanti Feeds Ltd.

Market has been divided by Type as:

Fish Feed

Crustacean Feed

Mollusk Feed

Others

Market has been divided by Ingredients as:

Soybean

Corn

Fish Meal

Fish Oil

Additives

Others

Market has been divided by Species as:

Crustaceans

Mollusks

Catfish

Carp

Salmon

Tilapia

Others

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Regional Outlook (Revenue in USD Million; 2016–2026)

·        North America (United States, Canada and Mexico)

·        Europe (Germany, France, UK, Russia and Italy)

·        Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

·        South America (Brazil, Argentina, Colombia)

With the existing market standards evaluated, this research report also explains the latest strategic initiatives and patterns of the market players in an unbiased way. The report can be construed as a presumptive business record that can aid the readers functioning in the global market devise their plans effectively, to reach the desired position in the market in the forecast period.

Report Methodology:

The data contained in this report has been derived through both primary and secondary research methodologies.

Primary research methodology includes interaction with service providers, suppliers, and industry professionals. Secondary research methodology entails a thorough examination of relevant literature like company annual reports, financial reports, and exclusive databases.

This report provides:

1.       A comprehensive overview of the global market for Aquafeed.

2.       Evaluation of the global market trends, historical data analysis starting from 2011, prediction for the coming years, and estimation of compound annual growth rates (CAGRs) by the end of the forecast period.

3.       Identification of new market prospects and targeted marketing approaches for Global Aquafeed Market.

4.       Evaluation of R&D, and the demand for new product launches and applications.

5.       Extensive company profiling, highlighting leading participants operating in the industry.

6.       Market structure, in terms of dynamic molecule types and targets, emphasizing the major industry resources and players.

7.       The growth in patient epidemiology and gross revenue for the global market, including crucial players and market segments.

8.       Examination the sector in terms of the generic and premium product revenue.

9.       Assessment of commercial opportunities in the market sales scenario by inspecting the trends observed for authorizing and co-developing deals.

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[wiseguyreports12]

Aquafeed Market Size Data and Resources to Grow Your Company, Industry Efforts

[nileshkumarpandey]

The amino acid is relied upon to develop at a high rate over the gauge time frame attributable to the developing interest for nutritional animal products among consumers. Moreover, the development in fish exchange inferable from globalization and increment spending power further enlarges the aquafeed market.