Chat with us, powered by LiveChat

Loading...

Aquafeed Market Report

RA00395

Aquafeed Market, by End-Use (Mollusks, Crustaceans, and Fish), Additives (Binders, Minerals, Antioxidants, Vitamins, Enzymes, Acidifiers, and Amino Acids), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA00395

Pages: NA

Sep 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Aquafeed Market

 Aquafeed Market Analysis:

Aquafeed refers to commercially produced compounded fish feed or meals for aquatic animals. Various additives are added in the aquafeed products to enhance fish qualities. Aquafeed blends are specially customized and prepared as per the age of animals and species. Aquafeed has become an integral part of the aquaculture industry owing to the benefits include high immunity, growth-promoting properties, and providing complete nutrition. Aquafeed enhances protein concentration and omega3, assists in the healthy growth of aquatic animals, and supports easy ingredient dispersion. Further, they help in the prevention of viral outbreaks related to fungal diseases and common bacterias like ammonia poisoning, dropsy, fish dropsy, and fin rot. Owing to the specific need and balanced composition of aquafeed, they are more beneficial to crustaceans, fish, mollusks, and other aquatic animals in comparison to farm developed feed. The aquafeed products can be developed from either vegetarian or non-vegetarian sources which include corn, wheat, rapeseed, pea, fish oils, and soy.   

Exponential growth in aquaculture is the major factor driving the market growth

The growing consumption of sea-food is one of the major factors for the growth of the increased demand for aquafeed in the global market. This has led to the adoption of better and enhanced products and techniques which facilitate the production process. Aquafeed products are being extensively adopted by aquaculture farms to produce high-quality aquatic animals. Also, the usage of aquafeeds minimizes the chances of diseases and other health problems, which helps in yielding high quantity produce. Rising per capita income has further enabled non-vegetarians to consume aquatic products more frequently and has increased the demand for the same. All these factors have caused a rise in aquaculture activities and led to wide adoption of aquafeed products, which is driving the market growth.

Price fluctuations in raw materials to hamper the market growth

Price fluctuations in raw materials required to produce aquafeed are the major factor hindering the market growth. Scarce availability of raw materials due to various factors are causing a major price rise in them and eventually leading to price rise in the aquafeed products. This has caused aquaculture farms to use farm developed feed over purchasing aquafeeds.

Rising consumer awareness regarding health benefits from aquatic animal-derived products and medicines to create lucrative market opportunities

There has been a growing trend amongst the global population related to the consumption of health products and medicine, which include major components derived from aquatic animals. These products extensively use fish-derived oils and other components that provide vital health benefits to humans and help in improving multiple health conditions. Aquatic animals are rich sources of omega3 fatty acids that are extremely beneficial for multiple health issues and help in improving immunity in humans. Eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) are two of the most important type of omega3 fatty acids and are being extensively used in various medicinal products and other healthcare applications. Also, there has been an exponential rise amongst the vegetarian population who are more open to consume animal-derived products for health benefits. All these factors have created a whole new opportunity for the aquafeed market to attain high yields with the utmost quality, it is necessary to give the aquatic animals improved diet. Extensive usage of aquatic animals derived oils and other components will increase the demand for aquafeed and will create lucrative growth opportunities.

Aquafeed Market, by End-Use:

A Fish segment to be most lucrative till 2027

The fish segment will have a dominating share in the global market and is expected to register a significant revenue during the projected timeframe. Fish farming is massively increasing in lakes, rivers, coastal waters, and ponds in order to fill the gap between supply and demand. The growing aquaculture sector for fish farming activities has led to increased consumption of fish feed. In addition, the growing usage of fish oils in the production of omega3 products and other food items is further propelling the market growth.

Aquafeed Market, by Additives:

Amino acids segment to register maximum growth

Amino acids segment is anticipated to register maximum growth in the aquafeed market during the forecast period. This is mainly because amino acids are the most important source of protein and act as the building blocks of protein. They play an essential role in the production, overall maintenance, and growth of aquatic animals. Amino acids act as a source of energy for the growth of bones and muscles, blood circulation, and digestion. Due to all these health benefits provided by amino acids, they are being extensively used in the production of animal feed.

Aquafeed Market, by Region:

Asia-Pacific region to grow exponentially by 2027

Asia-Pacific region is expected to grow exponentially in the aquafeed market during the forecast timeframe. There has been a major rise in the aquaculture farms in the region with countries like China, South Korea, Japan, and other South-East Asiatic countries. Moreover, the region has an extremely high consumption of sea-food which is the major factor driving the market growth. Also, growing usage in healthcare products and the food industry particularly in India, China, and Australia is boosting the market growth.

To explore more about Aquafeed Market, get in touch with our analysts here.

Key Participants in the Global Aquafeed Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Key Participants in the Global Aquafeed Market

Source: Research Dive Analysis

Some of the significant aquafeed market players include ERBER AG, Aller Aqua Group, Cargill, Incorporated., BENEO, Alltech., Charoen Pokphand Foods PCL., Avanti Feeds Ltd., BioMar Group, Nutreco N.V., and ADM.

Aquafeed market players are emphasizing more on merger & acquisition and advanced product development. These business strategies are implemented by established organizations. To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.

 

Aspect

Particulars

 Historical Market Estimations

 2018-2019

 Base Year for Market Estimation

 2019

 Forecast timeline for Market Projection

 2020-2027

 Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

 Segmentation by End-Use

  • Mollusks
  • Crustaceans
  • Fish

 Segmentation by Additives

  • Binders
  • Minerals
  • Antioxidants
  • Vitamins
  • Enzymes
  • Acidifiers
  • Amino Acids

 Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

 Key Companies Profiled

  • ERBER AG
  • Aller Aqua Group
  • Cargill, Incorporated.
  • BENEO
  • Alltech.
  • Charoen Pokphand Foods PCL.
  • Avanti Feeds Ltd.
  • BioMar Group
  • Nutreco N.V.
  • ADM 

FREQUENTLY ASKED QUESTIONS?
 

A. Cargill, Incorporated., Alltech., and Nutreco N.V. are the leading companies in the aquafeed market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. ADM and Cargill, Incorporated. are investing more in R&D practices.

Research Methodology

Purchase Options

Enquire To Buy

Personalize this research

  • Triangulate with your own data
  • Get Data as per your format and defination
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed