Global Aquatic Food Ingredients Market, By Type (Starter Feed, Grower Feed, Finisher Feed, Brooder Feed), Form (Dry, Wet, Moist, Others), Ingredient (Animal By-Product, Grain By-Product, Oils and Fat, Additives, Others), Application (Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Seabass, Groupers, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, 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, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The aquatic food ingredients market is expected to witness market growth at a rate of approximately 6.80% in the forecast period of 2021 to 2028 and is expected to reach USD 76.47 billion by 2028. Data Bridge Market Research report on aquatic food ingredients 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 rise in direct human consumption of seafood among the population is escalating the growth of aquatic food ingredients market.
The aquaculture refers to practices such as farming of fish, crustaceans and mollusks. Aquafeed is known to be prepared with the combination of various raw materials and additives including fish oil and fish feed depending upon the age of the animal and requirements of the species. The product provides numerous benefits to the farmed aquatic animals such as nutritional, growth-promoting and immune-resistant. These are available in two forms, pressure-pelleted feed and extruded bits. The pressure-pelleted feed sinks into water while the extruded bits float on the surface of water.
The rise in demand for aquatic products among consumers, increasing direct human consumption of seafood and rise in demand for animal by-products including shrimp meals, squid meals and fish meals in feed applications are the major factors driving the aquatic food ingredients market. The utilization of fish for direct human consumption as it is a rich source of proteins and vitamins and the low fat content of fish when compared to other type of meat including meat, such as cattle and poultry accelerate the aquatic food ingredients market growth. The rise in availability of variety of fishes in the retail market, consumers’ preference for variety of flavors and rise in need for superior quality aquatic products and surge in the production of animal feed across the globe influence the aquatic food ingredients market. Additionally, consumer preference towards healthy lifestyle, growth in the aquaculture industry, rise in number of seafood trade and increasing importance of animal nutrition positively affect the aquatic food ingredients market. Furthermore, development of innovative products as a source of protein, innovations in formulations and growing support from governments extend profitable opportunities to the aquatic food ingredients market players in the forecast period of 2021 to 2028.
On the other hand, fluctuations in the prices of ingredients including corn and soybean and oil are expected to obstruct the aquatic food ingredients market growth. The rise in environmental and human health concerns and adverse weather conditions are projected to challenge the aquatic food ingredients market in the forecast period of 2021 to 2028.
This aquatic food ingredients 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 aquatic food ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aquatic Food Ingredients Market Scope and Market Size
The aquatic food ingredients market is segmented on the basis of type, form, ingredient and application. 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 type, the aquatic food ingredients market is segmented into starter feed, grower feed, finisher feed and brooder feed.
- On the basis of form, the aquatic food ingredients market is segmented into dry, wet, moist and others.
- On the basis of ingredient, the aquatic food ingredients market is segmented into animal by-product, grain by-product, oils and fat, additives and others. Additives are further segmented into amino acids, antibiotics, vitamins, feed acidifiers, anti-parasitic and others.
- On the basis of application, the aquatic food ingredients market is segmented into carp, rainbow trout, salmon, crustaceans, tilapia, catfish, seabass, groupers and others.
Global Aquatic Food Ingredients Market Country Level Analysis
The aquatic food ingredients market is analyzed and market size, volume information is provided by country, type, form, ingredient and application as referenced above.
The countries covered in the global aquatic food ingredients market report are 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).
Asia-Pacific dominates the aquatic food ingredients market due to the high aquaculture production, ease of fish farming, better water quality within closed farm systems and durability of species in the region. Europe is considered to be the second largest consumer because of high salmon production, favorable climate for aquaculture and high demand for salmon in the region.
The country section of the aquatic food ingredients 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.
Aquatic Food Ingredients Market Share Analysis
The aquatic food ingredients 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 aquatic food ingredients market.
The major players covered in the aquatic food ingredients market report are Alltech, BioMar, Cargill, Incorporated, Ridley Corporation Limited, Aller Aqua, BENEO, Cermaq, Norel S.A, BIOMIN, ADM, Avanti Feeds Ltd., Calanus AS, AKER BIOMARINE ANTARCTIC AS, Nutreco, Purina Animal Nutrition LLC, De Heus Animal Nutrition, NOVUS INTERNATIONAL, Biostadt, NK Ingredients, Marvesa, BENEO 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 analysts understand competitive strengths and provide competitive analysis for each competitor separately.