Aquafeed comprises 30-70% of the total operational cost in aquaculture production systems, with fishmeal and fish oil as the main sources of protein and lipids.
The Aquaculture Feed Global Market Report 2023, provides comprehensive information on the aquaculture feed market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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According to The Business Research Company’s Aquaculture Feed Global Market Report 2023, projections suggest a substantial market size expansion from $69.90 billion in 2022 to $76.52 billion in 2023, manifesting a 9.5% compound annual growth rate (CAGR). However, the Russia-Ukraine conflict has stymied the immediate global economic recovery from the COVID-19 pandemic, triggering a series of consequences such as economic sanctions, rising commodity prices, and disruptions in supply chains. These factors have contributed to widespread inflation, impacting various markets worldwide. Nevertheless, the global aquaculture feed market is anticipated to attain a size of $103.60 billion by 2027, with a CAGR of 7.9%.
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The aquaculture feed market is witnessing a surge in product innovations, a prominent trend that is reshaping the industry landscape. Leading market players are investing resources in developing cutting-edge products to fortify their market presence. Notably, INVE Aquaculture, a distinguished aquaculture feed producer based in Belgium, introduced the Natura pRo and ExL feed lines in December 2021. These groundbreaking feed lines represent the first-ever rotifier substitution diets, enabling hatcheries to significantly reduce their rotifer requirements while improving fry quality and survival rates. Furthermore, the Natura pRo formulation emphasizes meticulous ingredient selection, ensuring optimal nutritional digestion and palatability. This approach guarantees that the feed is appealing to larvae right from the outset of exogenous feeding, fostering their healthy development and growth.
The aquaculture feed market is segmented:
1) By Product Type: Pellets, Extruded, Powdered, Liquid
2) By Ingredient Type: Soybean, Corn, Fishmeal, Fish Oil, Additives, Other Ingredients
3) By Species Type: Carp, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Other Species
4) By Distribution Channel: Store Based, Online
5) By End User: Commercial, Household
Asia-Pacific was the largest region in the aquaculture feed market in 2022.
Top 5 Major Key Players Are:
Alltech Inc
The Archer-Daniels-Midland Company
Cargill Inc
Land O’Lakes Inc
Nutreco N.V
Table Of Contents
1. Executive Summary
2. Aquaculture Feed Market Characteristics
3. Aquaculture Feed Market Trends And Strategies
4. Aquaculture Feed Market – Macro Economic Scenario
5. Aquaculture Feed Market Size And Growth
…….
26. Africa Aquaculture Feed Market
27. Aquaculture Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aquaculture Feed Market
29. Aquaculture Feed Market Future Outlook and Potential Analysis
30. Appendix
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