Global Aquafeed Market is Expected to Reach a Value of USD 83.42 Billion by 2027

Aquafeed Market is estimated to grow at 7.35% in the forecast period 2020 to 2027 to an anticipated value of USD 83.42 billion by 2027 due to escalating invention as well as development of aquaculture industry along with rising demand of fish and fish products are adding thrust to the growth of the market.

Increasing development and innovation of products with high protein content and growing initiatives and support from government will further cater various new opportunities that will lead to the growth of the aquafeed market in the above mentioned forecast period. 

Aquafeed Market Scenario

According to Data Bridge Market Research the aquafeed market in developing regions is witnessing a growth in terms of its adoption rate, growing awareness amongst the people concerning the scientific feeding of aquaculture species. Mounting trade of seafood amongst several nations is also helping the market to grow.

Now the question is which are the regions that aquafeed market players should target? Data Bridge Market Research has forecast Asia-Pacific to dominate the aquafeed market due to rapid urbanization along with occurrence of various aquafeed manufacturers in the region. 

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Aquafeed Market Developments

  • In March 2020, Alltech has gone into an agreement with Canadian feed company Corey Nutrition to commence a new line of aquafeed products to the North American market. This contract will help the company to expand its presence in the market.

Aquafeed Market Scope

Aquafeed market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

  • All country based analysis of the aquafeed market is further analyzed based on maximum granularity into further segmentation. On the basis of ingredient, the aquafeed market is segmented into soybean, fishmeal, corn, fish oil, additives, and others. Based on additive, the aquafeed market is segmented into amino acids, vitamins & minerals, probiotics & prebiotics, enzymes, antibiotics, antioxidants and others. Based on the species, the aquafeed market is segmented into fish, crustaceans, mollusks, and others. On the basis of form, the aquafeed market is segmented into dry form, wet form and moist form Based on lifecycle, the aquafeed market is segmented into grower feed, finisher feed, starter feed and brooder feed. On the basis of function, the aquafeed market is segmented into health, digestion, palatability and special nutrition. Based on sales channel, the aquafeed market is segmented into direct sales, indirect sales, hypermarket/supermarket, wholesalers, speciality stores, online and other retail formats.

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Key Pointers Covered in the Aquafeed Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • ADM Animal Nutrition
  • Cargill, Incorporated
  • Ridley Corporation Limited
  • Nutreco N.V
  • Alltech
  • Purina Animal Nutrition LLC
  • Aller Aqua Group
  • ERBER Group
  • BioMar Group
  • Norel S.A
  • Avanti Feeds Ltd
  • Novus International, Inc
  • Biostadt India Limited
  • Charoen Pokphand Foods PCL

Above are the key players covered in the report, to know about more and exhaustive list of aquafeed companies, contact us

Research Methodology of Global Aquafeed Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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