Aquafeed Market size was estimated at $50,705.6 Million in 2019 and is expected to reach $82,493.5 Million by 2027, growing at a CAGR of 7.2% during the forecast period of 2020 to 2027.
Aquafeed is an umbrella term used to denote the essential nutritional elements for various kinds of fish for their healthy growth as well as to boost immunity. The main growth driver is the increasing fish consumption in a large number of countries. However, the seasonal supply of aquafeed is a challenge for the industry.
Analysis by Application
According to the application, the six major segments are Mollusks, Carp, Crustaceans, Catfish, Salmon, and Tilapia. The Aquafeed Market report suggests that the largest demand is likely to be generated from Crustaceans. This is because certain specific Aquafeed products assist in the growth rate among crabs and lobsters. The Aquafeed market research consists of robust findings relating to an increase in immunity and an overall healthy growth of these crustaceans. Salmon is another premium-priced fish and benefits a lot from the right quantity and quality of Aquafeed. A fair portion of the Aquafeed market share is catered to by Salmon. The breeders need to take excellent care as it is a high-value ticket item.
Analysis by Product
According to the Product, the segments are Antibiotics, Vitamins, Amino Acids, and Feed Acidifiers. The Aquafeed market size is dominated by Amino Acids owing to their compatibility with both herbivorous as well as carnivorous fish. They can be manufactured from a wide range of base materials including shrimp, soy, grains, and fish oils. The Aquafeed market estimation for this segment is very optimistic as its prescribed application results in steady growth and nearly eliminates fin and gill infections among fish. Vitamins are another segment likely to catapult its way into the market owing to its excellent properties for Carps, Catfish, and Tilapia. The Aquafeed market forecast for this segment is gaining buoyancy owing to recently established R&D results.
Analysis by Region
The European Union will be at the forefront of Aquafeed consumption and very likely to grow at double-digit rates in the forecasted timeframe. The Aquaculture industry is very mature and wealthy, given the large number of affluent consumers in this region. They uphold the highest standards in Fish Farming and will continue to buy high-quality Aquafeed. This will result in a significant appreciation of the Aquafeed price trend in this geography as the emphasis is placed on the timely availability of one of the world’s highest quality Aquafeeds.
Certain regions in the Asia-Pacific region led by China and Japan are also very particular about the prescribed use of Aquafeed. These countries pride on the exquisite quality of their fish and are intended for exports to very affluent consumers in the Middle East and North America.
Analysis by Acclaimed Organizations
The leading Aquafeed companies are Biomar, Alltech, Addcon, Aller Aqua, Ridley, Dibaq Aquaculture, Cargill, Biomin, Midland, BASF SE, Skretting, and InVivo NSA. Improvement of product range will be at the forefront of priorities for this industry. This will be achieved by investing in Research & Development by trained professionals. On a separate note, acquisitions are also likely to play a vital role in the inorganic growth of medium and large companies. Building from this step, new businesses are likely to find their way into the highly prized value-chain of this industry.
• Market Revenue Estimation and Forecast (2019 – 2026)
• Market Production Estimation and Forecast (2019 – 2026)
• Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
• Breakdown of Revenue by Segments (2019 – 2026)
• Breakdown of Production by Segments (2019 – 2026)
• Breakdown of Sales Volume by Segments (2019 – 2026)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
• Amino Acids
• Feed Acidifiers
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
o The Netherlands
o South Korea
• Latin America
• Middle East & Africa
o South Africa
• BioMar A/S
• Ridely Corporation
• Norel Animal Nutrition
• Aller Aqua A/SBeneo Ingredient GmbH
• BASF SE
• Archer Daniels Midland (ADM)
• Biomin Holding Gmbh
• Novus International
• De Hues Animal Nutrition
• Nutriad International
• Avanti Feeds Ltd
• NK Ingredients
• Evonik Industries
• Growel Feeds
• Purina Animal Nutrition LLC