Global Aquafeed Market By Ingredient (Soybean, Fishmeal, Corn, Fish Oil, Additives, Others), Additive (Amino Acids, Vitamins & Minerals, Probiotics & Prebiotics, Enzymes, Antibiotics, Antioxidants, Others), Species (Fish, Crustaceans, Mollusks, Others), Form (Dry Form, Wet Form, Moist Form), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), Function (Health, Digestion, Palatability, Special Nutrition), Distribution Channel (Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Speciality Stores, Online, Other Retail Formats), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Aquafeed market is expected to reach USD 71.3 billion by 2027 growing at a growth rate of 7.50% in the forecast period 2020 to 2027. Increasing fish consumption amongst people and expansion of aquaculture industry are the factor for the aquafeed market in the forecast period of 2020-2027.
Increasing demand for fish and fish products will enhance the demand for aquafeed market. Rising awareness amongst the people regarding the scientific feeding of aquaculture species, growing production as well as development of aquaculture industry and growing trade of seafood among different nations are some of the factors that will propel the growth of the market. On the other hand, increasing initiatives and support from government along with rising growth and innovation of products with high protein content will further create new opportunities for the aquafeed market in the forecast period of 2020-2027.
High cost of raw material and diseases outbreak will act as major restraint factor for the growth of aquafeed market in the above mentioned forecast period. Strict restrictions on fish catches distressing fish meal production will pose as challenge to the growth of the market.
This aquafeed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aquafeed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aquafeed Market Scope and Market Size
Aquafeed market is segmented on the basis of ingredient, additive, species, form, lifecycle, function, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the aquafeed market is segmented into soybean, fishmeal, corn, fish oil, additives, and others. Soybean is further segmented into soybean meal, soy oil, and soy lecithin. Corn is further segmented into corn gluten meal, corn gluten feed and corn oil.
- 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. Fish is further segmented into tilapia, salmon, carp, trout, and others. Crustaceans are further segmented into shrimp, crabs, krill, and others. Mollusks are further segmented into oysters, mussels 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 distribution channel, the aquafeed market is segmented into direct sales, indirect sales, hypermarket/supermarket, wholesalers, speciality stores, online and other retail formats.
Aquafeed Market Country Level Analysis
Aquafeed market is analyses and market size, volume information is provided by country, ingredient, additive, species, form, lifecycle, function, and distribution channel as referenced above.
The countries covered in the aquafeed market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, 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, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the aquafeed market because of growing demand for poultry product in the region and increasing urbanization in the region.
The country section of the aquafeed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aquafeed Market Share Analysis
Aquafeed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aquafeed market.
The major players covered in the aquafeed report are ADM Animal Nutrition, Cargill Incorporated, Ridley Corporation Limited, SONAC, NK INGREDIENTS PTE LTD., Nutreco N.V., Alltech, Purina Animal Nutrition LLC., Aller Aqua Group, ERBER Group, BioMar Group, Norel S.A, Marvesa Oils & Fats B.V., NUTRIAD, Avanti Feeds Ltd., DE HEUS., Novus International, Inc., KENT FEEDS, DE HEUS, Biostadt India Limited., and Charoen Pokphand Foods PCL among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available : Global Aquafeed Market
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