Global Aquafeed Premix Market, By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Other Ingredients), Additives (Amino Acids, Vitamins and Minerals, Prebiotics and Probiotics, Enzymes, Antibiotics, Antioxidants, Other Additives), Species (Fish, Crustaceans, Mollusks, Other Species), Form (Dry, Wet, Moist), Application (Fish Feed, Shrimp Feed, Other), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), 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, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Aquafeed Premix Market
The aquafeed premix market is expected to witness market growth at a rate of 4.10% in the forecast period of 2022 to 2029. Data Bridge Market Research report on aquafeed premix market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of agriculture sector globally is escalating the growth of aquafeed premix market.
Fishes are known to be cholesterol, carbohydrates and fats and are rich in Omega-3 fatty acids. These nutrients assist in protecting the heart. Fishes also offer the essential vitamins and amino acids. Vitamin and mineral premixes are generally added to fishes feed to make up for any losses that may occur during feed manufacture or storage.
The rise in aquaculture industry across the globe acts as one of the major factors driving the growth of aquafeed premix market. The rise in awareness among the people regarding the availability of various type of feed, and concerns regarding food security for the growing population accelerate the market growth. The rise in the development in the quality and safety of the aquafeed premix owing to the requirement for safe and nutrition-rich animal feed further influence the market. Additionally, rise in the health consciousness, increase in demand for animal-based products, and rise in investments in the animal supplements positively affect the aquafeed premix market. Furthermore, increase in the number of new feed premix products launched extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, fluctuations in the prices of raw material and ban on antibiotics in different countries are expected to obstruct the market. The concerns regarding the sustainability of feed and livestock chain, and stringent regulatory framework are projected to challenge the aquafeed premix market in the forecast period of 2022-2029.
This aquafeed premix 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 aquafeed premix 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 Premix Market Scope and Market Size
The aquafeed premix market is segmented on the basis of ingredient, additives, species, form, application, and lifecycle. 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 premix market is segmented into soybean, fish meal, corn, fish oil, additives, and other ingredients. Soybean has been further segmented into soybean meal, soy oil, and soy lecithin. Corn has been further segmented into corn gluten meal, corn gluten feed, and corn oil. Other ingredients have been further segmented into DDGS, wheat, barley, poultry by-product meal, and blood meal.
- Based on additives, the aquafeed premix market is segmented into amino acids, vitamins and minerals, prebiotics and probiotics, enzymes, antibiotics, antioxidants, and other additives. Other additives have been further segmented into acidifiers, mycotoxin binders, phosphates, and carotenoids.
- Based on the form, the aquafeed premix market is segmented into dry, wet, and moist.
- The aquafeed premix market is also segmented on the basis of species. The species is segmented into fish, crustaceans, mollusks, and other species. Fish has been further segmented into tilapia, salmon, carp, trout, and other fish species. Crustaceans have been further segmented into shrimp, crabs, krill, and other crustaceans. Mollusks have been further segmented into oysters, mussels, and other mollusks. Other species have been further segmented into miscellaneous freshwater and diadromous fish species.
- Based on application, the aquafeed premix market is segmented into fish feed, shrimp feed, and other.
- On the basis of lifecycle, the aquafeed premix market is segmented into grower feed, finisher feed, starter feed, and brooder feed.
Aquafeed Premix Market Country Level Analysis
The aquafeed premix market is analyzed and market size, volume information is provided by country, ingredient, additives, species, form, application, and lifecycle as referenced above.
The countries covered in the global aquafeed premix market report are the 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, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.
North America dominates the aquafeed premix market because of the convenience and wide variety available within the region. Asia-Pacific (APAC) is expected to witness high growth during the forecast period of 2022 to 2029 due to the increase in the number of feed mills and feed production in the region.
The country section of the aquafeed premix 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 Premix Market Share Analysis
The aquafeed premix 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 premix market.
Some of the major players operating in the aquafeed premix market report are ADM, Cargill, Incorporated., Ridley Corporation Limited, Nutreco N.V., Alltech., Aller Aqua Group, BioMar Group, Avanti Feeds Ltd., DE HEUS., NOVUS INTERNATIONAL, Marubeni Nisshin Feed Co.,Ltd., BENEO, PT Japfa Comfeed Indonesia Tbk., Charoen Pokphand Foods PCL., Growel Feeds, Cermaq ASA, New Hope Group, Guangdong HAID Group Co., Ltd., and BASF SE, among others.