Global Aquafeed Market Size, Trend, Outlook & Forecast, 2023-2030 | Latest Market Report Published by RationalStat
The global aquafeed market is expected to reach US$ 2.1 billion by 2030, with an annual growth rate of more than 7.2%
Wilmington, Oct. 26, 2023 (GLOBE NEWSWIRE) -- According to *RationalStat**’s* most recent industry analysis, the *Global Aquafeed Market* value is estimated at a market size of *US$ 1.3 billion in 2023* and is expected to rise at a strong *CAGR of over 7.2%* over the forecast period of 2023-2030.
*Market Definition, Market Scope, and Report Overview *
Aquafeed, often known as fish feed, is specialized food that is fed to fish and other aquatic animals cultivated in aquaculture systems. It is a crucial component of contemporary aquaculture, providing the nutrients required for the growth and development of farmed fish species such as salmon, tilapia, carp, and prawns.
Global demand for aquafeed has been continuously increasing as a result of population expansion, rising incomes, and increased awareness of the health advantages of fish intake. To address this demand, aquaculture has emerged as a key source of seafood, fueling the demand for high-quality and nutritious aquafeed.
· According to a deep-dive market assessment by RationalStat, the global aquafeed market has been analyzed *on the basis of market segments, including form, additive, feed, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific)*. The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
· Market intelligence for the global aquafeed market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
· In addition, the long-term sector and products/services 10-year outlook and its implications on the global aquafeed market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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*Global* *Aquafeed Market: Segmental and Market Share Analysis*
· On the basis of form, dry form of feed is dominating the global aquafeed market due to ease of transportation and storage.
· Based on additives, amino acids segment is projected to have fastest growth rate during the forecast period due to their vital function in fostering the growth, development, and general health of aquatic species.
*Report Synopsis*
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 1.3 billion
Market Size Forecast US$ 2.1 billion
Growth Rate 7.2%
Dominant Segment Dry
Dominant Region Asia Pacific
Key Market Drivers · Advances in aquaculture technologies
· Increasing demand for sea food
· Sustainability concerns
Companies Profiled · Cargill Inc.
· Archer Daniels Midland Company (ADM)
· Nutreco N.V.
· Skretting AS
· Alltech Inc.
· Ridley Corporation Limited
· Charoen Pokphand Foods PCL (CPF)
· Biomar Group
· BioMarin Aqua
· Norel Animal Nutrition
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*Competition Analysis and Market Structure *
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global Aquafeed market include,
· In November 2022, De Heus has constructed a fourth manufacturing site in Indonesia. De Heus is bolstering future cattle and aquaculture entrepreneurship. They help independent breeders, fish growers, and prawn farmers in Indonesia.
Some of the prominent players and suppliers operating and contributing significantly to the global Aquafeed market growth include *Cargill Inc., Archer Daniels Midland Company (ADM), Nutreco N.V., Skretting AS, Alltech Inc., Ridley Corporation Limited, Charoen Pokphand Foods PCL (CPF), Biomar Group, BioMarin Aqua, and Norel Animal Nutrition, **among others.*
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*RationalStat has segmented the global **Aquafeed* *market based on form, additive, feed, application, and region*
· *Global **Aquafeed* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Form**
· Dry
· Wet
· Moist
· *Global **Aquafeed* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Additive**
· Amino Acids
· Feed Acidifiers
· Antibiotics
· Antioxidants
· Enzymes
· Anti-parasitic
· Vitamins & Minerals
· Others (Probiotics & Prebiotics etc.)
· *Global **Aquafeed* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Feed**
· Grower Feed
· Starter Feed
· Brooder Feed
· Finisher Feed
· *Global **Aquafeed* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application**
· Tilapia
· Carp
· Rainbow Trout
· Salmon
· Catfish
· Others (Sea Bass, Grouper etc.)
· *Global **Aquafeed* *Market **Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region*
· North America Aquafeed Market
· US
· Canada
· Latin America Aquafeed Market
· Brazil
· Mexico
· Rest of Latin America
· Western Europe Aquafeed Market
· Germany
· UK
· France
· Spain
· Italy
· Benelux
· Nordic
· Rest of Western Europe
· Eastern Europe Aquafeed Market
· Russia
· Poland
· Hungary
· Other CIS Countries
· Rest of Eastern Europe
· Asia Pacific Aquafeed Market
· China
· Japan
· India
· South Korea
· Australia
· ASEAN
· Indonesia
· Thailand
· Philippines
· Vietnam
· Malaysia
· Rest of ASEAN
· Rest of Asia Pacific
· Middle East & Africa Aquafeed Market
· GCC
· Saudi Arabia (KSA)
· United Arab Emirates (UAE)
· Rest of the GCC
· South Africa
· Nigeria
· Turkey
· Rest of the Middle East & Africa
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*Key Questions Answered in the **Aquafeed* *Report:*
· What will be the market value of the global Aquafeed market by 2030?
· What is the market size of the global Aquafeed market?
· What are the market drivers of the global Aquafeed market?
· What are the key trends in the global Aquafeed market?
· Which is the leading region in the global Aquafeed market?
· What are the major companies operating in the global Aquafeed market?
· What are the market shares by key segments in the global Aquafeed market?
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*Research Methodology*
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
· Defining the problem by understanding the type of market and data required by the client.
· Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
· Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
· Evaluating and analyzing the data by referring to data sources utilized and leveraged.
· Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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