Aquafeed Market Overview:
The report provides the analysis of the global "Aquafeed Market" in depth with a focus on market dynamics, competitive scenario, regional growth, segment-wise analysis, and important growth strategies. The analysis covers a wide range of industry verticals as well as a thorough examination of the Aquafeed market size and share.
Aquafeed Market Report Scope and Research Methodology:
This research goes deep into demand projections, market trends, and both micro and macro variables. It also offers detailed insights into the factors propelling or limiting growth in the Aquafeed market. The report presents the MMR Matrix, which furnishes existing and potential market players with valuable information regarding investment possibilities. Analytical techniques like Porter's five forces analysis and PESTLE have been applied to provide market insights for the Aquafeed market. Furthermore, the study examines ongoing market trends and forecasts for the years 2023-2029. Anticipated significant developments that could impact demand during this projected timeframe are also analyzed. The estimation of the Aquafeed market size was carried out using a bottom-up approach.
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Forecast for Market Growth:
Aquafeed Market was valued at US$ 58.03 Bn in 2022 and is expected to reach US$ 93.19 Bn by 2029 at a CAGR of 7% during the forecast period.
Aquafeed Market Dynamics
The introduction of novel species into aquaculture and the expansion of fish farming are opening up new sources of income for market participants. The amberjack, wreckfish, and sparse types of fish are among the newer species that rely more on commercially produced compound feeds.
introduction of novel algae feed ingredients that are low in docosahexaenoic acid (DHA) and can be used in place of fishmeal and fish oil in formulated diets. Without the addition of krill meal, squid meal, or attractants, soybean meal replaces more than 70% of the protein found in fish meal. Soybean meal reduces harmful oils in the body while increasing the amount of proteins in the body. The gathering and sharing of data is essential for tracking the condition and direction of decorative aquaculture. It will be possible to address additional pertinent concerns that may result in environmental and financial advantages for aquafeed production if the volume and diversity of trade are better understood. The market for salmonid feeds will essentially remain unchanged, with improvements in the food conversion ratio (FCR) offsetting increases in aquaculture production. Catfish and other carnivorous fish are predicted to see a rise in demand for commercial meals.
Aquafeed Market Regional Analysis:
The reports offer geographical insights that ensure readers have a comprehensive understanding of the Aquafeed market at a regional scale. To make informed evaluations of potential policy choices in the face of global market shifts, it's crucial to possess a thorough grasp of regional energy dynamics, economic factors, political influences, and geographic nuances. This study furnishes readers with regional viewpoints regarding the Aquafeed market and the possibilities for local growth, along with the limitations specific to each geographical area.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
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Aquafeed Market Segmentation
by End User
Fish
Mollusks
Crustaceans
The fish section, which is based on end users, had the biggest share in 2019 and is predicted to increase at the quickest rate over the next several years. The least expensive and easiest to digest animal protein is fish. Fish feed is in higher demand as a result of the expansion of aquaculture and fish farming. Aquafeed is becoming more and more in demand as a result of the use of artificial environments like aquaponics and the Recirculating Aquaculture System (RAS) to boost fish productivity and availability for consumption.
by Ingredient
Soybean
Corn
Additives
Fish meal
Fish oil
The aquafeed market is anticipated to be dominated by the soybean segment over the forecast period, based on the type of ingredients used. For aquafeed, soybean is a great source of protein because it has 48% high-quality protein. Because of its high nutrient content and abundance of easily absorbed amino acids and xanthophylls, it is widely utilized as a crucial source of protein in the creation of aquafeed.
by Additive
Antibiotics
Vitamins
Antioxidants
Amino acids
Feed enzymes
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Aquafeed Market Key Competitors
1. Archer Daniels Midland Company
2. Cargill
3. Alltech
4. Ridley Corporation Ltd.
5. Nutreco N.V
6. Avanti Feeds Ltd.
7. Biostadt India Ltd.
8. Nutriad
9. Aller Aqua A/S
10. BioMar
11. BIOMIN Holding GmbH
12. Norel Animal Nutrition
13. De Heus Animal Nutrition
14. Dibaq a.s
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Key Questions answered in the Aquafeed Market Report are:
- What is Aquafeed?
- What are the current trends that may negatively impact the Aquafeed market?
- How will the major segments of this international Aquafeedmarket develop over the next few years?
- Who are the major players that are expected to dominate the Aquafeed market in the future?
- What is the growth forecast for Aquafeed market?
- Which region is expected to hold the largest Aquafeed market share?
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