Global Aquafeed Market Size, Trends and Growth opportunity, By Form (Dry, Moist, Wet) By Additives (Amino Acids, Antibiotics, Vitamins & Minerals, Feed Acidifiers, Antioxidants, Enzymes, Anti-parasitic, Probiotics & Prebiotics, Others), By Feed (Starter Feed, Grower Feed, Finisher Feed, Brooder Feed), By Application (Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Others), By Region and forecast till 2027.
Report ID : IR1001535 | Industries : Food and Beverage | Published On :July 2024 | Page Count : 240
Global Aquafeed Market Size, Trends and Growth opportunity, By Form (Dry, Moist, Wet) By Additives (Amino Acids, Antibiotics, Vitamins & Minerals, Feed Acidifiers, Antioxidants, Enzymes, Anti-parasitic, Probiotics & Prebiotics, Others), By Feed (Starter Feed, Grower Feed, Finisher Feed, Brooder Feed), By Application (Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Others), By Region and forecast till 2027.
Global Aquafeed Market
The Global Aquafeed Market was valued at USD 69.17 billion in 2021 and is expected to expand USD 100.1 billion at a CAGR of 5.63 % during forecast period 2022- 2027.
Growing use of Aquafeed in crustacean and carp farming and growing natural production of fishes Aquafeeds are compounded meals prepared for aquatic animals by mixing various raw materials and additives. These blends are prepared according to specific species and age of the animal.it shows immune-resistant, nutritional, and growth-promoting properties.
Market Drivers
The increasing consumption of seafood Product as it is low-fat protein compared to other meat and rising consumer spending on fish and fish products such as fish oil, fish meal, fish silage and growing cultivation of various aquatic species such as tilapia, carp, catfish, and salmon act as major factor for driving the market. Growing demand for animal Protein fuels the growth of Aquafeed Market.
Fish products serves health benefits such as enhancing cognitive development in children, lowering the fat level in the body, reducing the threat of cardiovascular diseases propelling the market growth. Additionally, increasing preference towards natural and organic feed products drive the market.
Market Restraints
Volatility in Raw Material Prices hinders the growth of Market. Additionally, mostly consumers prefer vegetarian diet excluding non-vegetarian food reduce the demand for fish anticipated the growth of aquafeed market.
COVID-19 Impact on Global Aquafeed Market
Outbreak of covid-19 adversely impacted market as lockdown and strict regulations imposed by government causing shutdown of manufacturing sector and disruption in supply chain. As transportation restrictions are also imposed affecting severe air and sea traffic disruption and the unavailability of labors during pandemic affect the growth of market.
Impact of Russia Ukraine War on Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the Aquafeed market:
Disruptions in the supply chain: Many Aquafeed manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting Aquafeed production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as demand for Aquafeed in the region.
Market Segmentation
The Global Aquafeed Market segmented on the basis of form, additive, feed, application and region. On the basis of form, it is segmented into Dry, Moist, Wet. On the basis of Additives, it is segmented into Amino Acids, Antibiotics, Vitamins & Minerals, Feed Acidifiers, Antioxidants, Enzymes, Anti-parasitic, Probiotics & Prebiotics, Others. On the basis of Feed, it is segmented into Starter Feed, Grower Feed, Finisher Feed, Brooder Feed. On the basis of Application, it is segmented into Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Sea Bass, Grouper, Others. On the basis of Region, it is segmented into North America, Europe, Asia Pacific, Latin America, MEA.
Regional Analysis
The Global Aquafeed Market segmented into five regions North America, Europe, Asia Pacific, Latin America, MEA. Asia-Pacific dominate the market due to availability of cheap labor and favorable conditions to promote the growth of aquaculture and the presence of natural resources in this region. Europe and North America also witnessed a significant rise in Aquafeed market due to the rising consumption of seafood such as salmonids, mollusks, hard clams, oysters, and mussels.
Key Players
Various key players are listed in this report such as Cargill Incorporated, BioMar Group, Ridley Corporation Limited, 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.
Market Taxonomy
By Form
§ Dry
§ Moist
§ Wet
By Additives
§ Amino Acids
§ Antibiotics,
§ Vitamins & Minerals
§ Feed Acidifiers
§ Antioxidants,
§ Enzymes
§ Anti-parasitic
§ Probiotics & Prebiotics
§ Others
By Feed
§ Starter Feed
§ Grower Feed
§ Finisher Feed
§ Brooder Feed
By Application
§ Carp
§ Rainbow Trout
§ Salmon,
§ Crustaceans
§ Tilapia
§ Catfish
§ Sea Bass
§ Grouper
§ Others
By Region
§ North America
§ Europe
§ Asia Pacific
§ Latin America
§ Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Aquafeed Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Aquafeed Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Aquafeed Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Aquafeed Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Aquafeed Market Share Analysis, By Form
5.3 Global Aquafeed Market Size and Forecast, By Form
5.3.1 Dry
5.3.2 Moist
5.3.3 Wet
6 Global Aquafeed Market, By Additives
6.1 Y-o-Y Growth Comparison, By Additives
6.2 Global Aquafeed Market Share Analysis, By Additives
6.3 Global Aquafeed Market Size and Forecast, By Additives
6.3.1 Amino Acids
6.3.2 Antibiotics
6.3.3 Vitamins & Minerals
6.3.4 Feed Acidifiers
6.3.5 Antioxidants
6.3.6 Enzymes
6.3.7 Anti-parasitic
6.3.8 Probiotics & Prebiotics
6.3.9 Others
7 Global Aquafeed Market, By Feed
7.1 Y-o-Y Growth Comparison, By Feed
7.2 Global Aquafeed Market Share Analysis, By Feed
7.3 Global Aquafeed Market Size and Forecast, By Feed
7.3.1 Starter Feed
7.3.2 Grower Feed
7.3.3 Finisher Feed
7.3.4 Brooder Feed
8 Global Aquafeed Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Aquafeed Market Share Analysis, By Application
8.3 Global Aquafeed Market Size and Forecast, By Application
8.3.1 Carp
8.3.2 Rainbow Trout
8.3.3 Salmon
8.3.4 Crustaceans
8.3.5 Tilapia
8.3.6 Catfish
8.3.7 Sea Bass
8.3.8 Grouper
8.3.9 Others
9 Global Aquafeed Market, By Region
9.1 Global Aquafeed Market Share Analysis, By Region
9.2 Global Aquafeed Market Size and Forecast, By Region
10 North America Aquafeed Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Aquafeed Market Share Analysis, By Form
10.3 North America Aquafeed Size and Forecast, By Additives
10.4 North America Aquafeed Market Size and Forecast, By Feed
10.5 North America Aquafeed Market Size and Forecast, By Application
10.6 North America Aquafeed Market Size and Forecast, By Country
10.6.1 U.S
10.6.2 Canada
10.6.3 Mexico
11 Europe Aquafeed Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Aquafeed Market Share Analysis, By Form
11.3 Europe Aquafeed Market Size and Forecast, By Additives
11.4 Europe Aquafeed Market Size and Forecast, By Feed
11.5 Europe Aquafeed Market Size and Forecast, By Application
11.6 Europe Aquafeed Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Aquafeed Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia-Pacific Aquafeed Market Size and Forecast, By Form
12.3 Asia-Pacific Aquafeed Market Size and Forecast, By Additives
12.4 Asia-Pacific Aquafeed Market Size and Forecast, By Feed
12.5 Asia-Pacific Aquafeed Market Size and Forecast, By Application
12.6 Asia-Pacific Aquafeed Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Aquafeed Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Aquafeed Market Size and Forecast, By Form
13.3 Latin America Aquafeed Market Size and Forecast, By Additives
13.4 Latin America Aquafeed Market Size and Forecast, By Feed
13.5 Latin America Aquafeed Market Size and Forecast, By Application
13.6 Latin America Aquafeed Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2.Rest of Latin America
14 Middle East Aquafeed Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Aquafeed Market Share Analysis, By Form
14.3 Middle East Aquafeed Market Size and Forecast, By Additives
14.4 Middle East Aquafeed Market Size and Forecast, By Feed
14.5 Middle East Aquafeed Market Size and Forecast, By Application
14.6 Middle East Aquafeed Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1. Cargill Incorporated
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. BioMar Group
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Ridley Corporation Limited
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4. Aller Aqua
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5. BENEO
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6. Alltech
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7. AKER BIOMARINE
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8. Charoen Pokphand Foods PCL
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9. Purina Animal Nutrition LLC
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5Key Market Developments
16.9.6 Key Strategies
16.10. Dibaq Aquaculture
16.11.1 Overview
16.11.2 Offerings
16.11.3 Key Financials
16.11.4 Business Segment & Geographic Overview
16.11.5 Key Market Developments
16.11.6 Key Strategies
16.12. INVE Aquaculture
16.12.1 Overview
16.12.2 Offerings
16.12.3 Key Financials
16.12.4 Business Segment & Geographic Overview
16.12.5 Key Market Developments
16.12.6 Key Strategies
16.13. Avanti Feeds Ltd
16.13.1 Overview
16.13.2 Offerings
16.13.3 Key Financials
16.13.4 Business Segment & Geographic Overview
16.13.5 Key Market Developments
16.13.6 Key Strategies
16.14. Biostadt India Ltd
16.14.1 Overview
16.14.2 Offerings
16.14.3 Key Financials
16.14.4 Business Segment & Geographic Overview
16.14.5 Key Market Developments
16.14.6 Key Strategies
16.15. The Waterbase Ltd
16.15.1 Overview
16.15.2 Offerings
16.15.3 Key Financials
16.15.4 Business Segment & Geographic Overview
16.15.5 Key Market Developments
16.15.6 Key Strategies