Aquafeed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Aquafeed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • April 2021 •
  • 147 pages •
  • Report ID: 5500136 •
  • Format: PDF

Market Overview:
The global aquafeed market reached a volume of 57 Million Tons in 2020.


Over the years, aquaculture has become a popular means of food production which includes farming of fish, crustaceans and molluscs. In aquaculture, fish feed on pellets rather than wild sources such as plankton, insects or other fish. Aquafeed is generally prepared by combining different raw materials and additives, such as fish feed and fish oil, depending upon the age of the animal and requirements of the species. It offers a wide variety of nutritional, growth-promoting and immune-resistant benefits to the farmed aquatic animals. Aquafeed is produced in two forms which include pressure-pelleted feed and extruded bits. Amongst these, extruded bits float on the surface of water, whereas pressure-pelleted feed sinks into water.

Recently, there has been a rise in the overall consumption of seafood which has given a boost to the aquaculture activities. This is one of the primary factors which has triggered the growth of the aquafeed market. In addition to this, consumers have become aware about the benefits offered by high-quality seafood products. This has, in turn, had a positive influence on the supply of improved aquafeed across the globe. The growth of the market can also be attributed to the availability of vast arable area in order to cultivate corn, soybean, wheat and maize which are the main ingredients used for the production of aquafeed. Moreover, a rise in the mass production of fish and limited accessibility of marine feed resources are some of the other factors which have been proliferating the growth of the global aquafeed market. Looking forward, the analyst expects the global aquafeed market to exhibit moderate growth during the next five years.

Key Market Segments:
the analyst provides an analysis of the key trends in each sub-segment of the global aquafeed market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, species, ingredients, additives and product form.

Breakup by Species:
Carps
Marine Shrimps
Tilapias
Catfishes
Marine Fishes
Salmons
Freshwater Crustaceans
Trout
Other
Carps accounted for the largest share in the global aquafeed market and were followed by marine shrimps, tilapias, catfishes, marine fishes, salmons, freshwater crustaceans, trout and others.

Breakup by Ingredients:
Soybean
Corn
Fish Meal
Fish Oil
Additives
Other
Currently, soybean dominates this market followed by corn, fish meal, fish oil, additives and others.

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Argentina
Columbia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Based on the region, the Asia Pacific region accounted for the largest share in the global aquafeed market.

Breakup by Additives

Vitamins and Minerals
Antioxidants
Feed Enzymes
Other
Based on the additives vitamins and minerals represented the largest category and were followed by anti-oxidants, feed enzymes and others.

Breakup by Product Form

Pellets
Extruded
Powdered
Liquid
On the basis of the product form, pellets dominated the global aquafeed market and were followed by extruded products, powdered products and liquid products.

the analyst’s latest report provides a deep insight into the global aquafeed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the aquafeed industry in any manner.

Key Questions Answered in This Report?
How has the global aquafeed market performed so far and how will it perform in the coming years?
What are the key regions in the global aquafeed market?
What has been the impact of COVID-19 on the global aquafeed market?
What is the breakup of the global aquafeed market based on species?
What is the breakup of the global aquafeed market based on the ingredient type?
What is the breakup of the global aquafeed market based on the product form?
What is the breakup of the global aquafeed market based on the additives?
What is the value chain of the global aquafeed industry?
How has the aquafeed market performed so far in the Asia Pacific?
How has the aquafeed market performed so far in Europe?
How has the aquafeed market performed so far in Latin America?
How has the aquafeed market performed in the Middle East and Africa?
How has the aquafeed market performed so far in North America?
What is the structure of the global aquafeed market and who are the key players?
What is the degree of competition in the global aquafeed market?