Aquafeed Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Aquafeed Market :By Product Type (Non-Medicated Feed (Soybean, Fish meal, Corn, Fish oil, Others) By Medicated Feed (Vitamins, Amino acids, Antibiotics, Anti-oxidants, Feed enzymes, Others), By On The Species (Fish, Molluscs, Crustaceans, Others) and Geography

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Company Profile

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Description

Aquafeed Market size is valued at USD 69.9 billion in 2021 and is expected to grow at a CAGR of 4.9% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by Product Type, by medicated feed, and by Species. By Product type, the Aquafeed market growth has been segmented into Non-Medicated Feed, Soybean, Fish meal, Corn, Fish oil, and Others. The Soybean segment is likely to be the largest and fastest-growing segment in terms of product type. Soybean is one of the cheapest and most beneficial non-fish sources of omega-3 fatty acids and protein. Hereafter, it is extensively used in the preparation of feed to improve the overall development and growth of aquatic species. The growing use of soybean meal and soybean cake in the production of organic feed is expected to boost the soybean demand in the industry. Based on Medicated feed, the Aquafeed market is segmented into Vitamins, Amino acids, Antibiotics, Anti-oxidants, Feed enzymes, and Others. Among these, the Amino acids medicated feed segment is expected to have a significantly growing market during the forecast period 2022-2028. Based on the Species, the Aquafeed market is segmented into Fish, Molluscs, Crustaceans, and Others. The Fish segment is expected to have a significant share in 2021. The incredible surge in fish farming to seal the gap between overall fish supply and demand is expected to impact fish feed sales positively. A superior quality fish feed is an excellent way to help the base of the food chain and support and sustain a hale and hearty fish community. Among fish, carp and tilapia are some of the noteworthy feed consumers. Carps are thought to be a high source of protein, and they are extensively used in rice and fish farming.

Key Development:

In June 2021, a new Aquafeed standard was launched by Aquaculture Stewardship Council (ASC) to tackle any unsustainable and irresponsible practices across the industry

In August 2021, the Central Institute of Fisheries Technology (CIFT) built a new technique to remove the hazard of fisheries waste being curved into fish feeds

Aquafeed Market

MARKET SUMMARY

4.9%

Study Period– 2022-2028
Base Year– 2021
CAGR– 4.9%
Largest Market– Asia-Pacific
Fastest Growing Market– Europe

Aquafeed Market

Aquafeed Market Over the projection period, the sector is expected to develop due to rising direct human consumption of seafood and rising demand for aqua products.
The market is expected to be driven by rising demand for animal by-products in feed applications, such as fish meals, shrimp meals, and squid meals, particularly in Asia Pacific’s emerging economies, such as India, China, and Vietnam.
Furthermore, gradual scientific developments in feed formulation might be ascribed to expansion in developed economies. These reasons have boosted the need for aquafeed on a massive scale.

Market Key Players

Alltech
Biomar
Avanti Feeds Ltd.
Aller Aqua A/S
Tongwei Co. Ltd

Aquafeed Market Drivers and Restrains

The growing government’s support for fish farming activities is anticipated to propel market growth over the forecast years. Moreover, the expansion of advanced products as a protein source is burgeoning the market growth over the forecast years.

Asia-Pacific Got Significant Share

Aquafeed Market

Asia Pacific holds the dominant share in global aquafeed market owing to increase in the consumption and production of aquatic products in Asia Pacific region majorly in India, China, Bangladesh, Thailand, and Vietnam. Increase in the farming of aquatic products, rise in the awareness regarding healthy seafood products, and high dependence of people on the fishery in rural regions also expected to propel the aquafeed market growth in Asia Pacific region. Europe holds the significant share in aquafeed market attributed to increase in the production of aquatic products in Norway, Denmark, Ireland, and U.K. Increase in the per capita income in developing countries, the rise in the consumption of seafood products might bolster the aquafeed market in the Europe region. North America, Latin America, and the Middle East and Africa also play a major role in the aquafeed market due to increase in the production of aquatic products in Chile, Peru, Egypt, and Brazil etc.

Latin-America

North-America

Europe

Asia-Pacific

Middle East

Key

Key Features of the Report

The report provides granular level information about the market size, regional market share, historic market (2017 to 2021) and forecast (2022 to 2028)
The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
The report tracks recent innovations, key developments and startup’s details that are actively working in the market
The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Aquafeed Market Segmentation

By product type

Non-Medicated feed
- Soybean
- Fish meal
- Corn
- Fish oil
- Others
Medicated feed
- Vitamins
- Amino acids
- Antibiotics
- Anti-oxidants
- Feed enzymes
- Others

By species

Fish
Molluscs
Crustaceans
Others

By Geography

North America

US
Canada

Europe

Germany
France
UK
Italy
Spain
Russia
Poland
Rest of Europe

Asia-Pacific

Japan
China
India
Australia & New Zealand
ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
South Korea
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Argentina
Rest of Latin America

Middle East and Africa (MEA)

Gulf Cooperation Council (GCC) Countries
Israel
South Africa
Rest of MEA

Location

GEOGRAPHY

Frequently Asked Questions

The aquafeed market is projected to expand at a CAGR of 7.4% during the forecast period.

Ridley Corporation Ltd, Nutraid, Alltech, Biomar, Avanti Feeds Ltd., Aller Aqua A/S, Tongwei Co. Ltd

North America is the fastest-growing region for aquafeed market

Organic fish production to establish a high growth route and boost market growth

Report

Table Of Content

Executive Summary
Global Aquafeed Market Introduction

2.1. Global Aquafeed Market – Taxonomy

2.2. Global Aquafeed Market –Definitions

2.2.1. Product

2.2.2. Species

Global Aquafeed Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Global Aquafeed Market Dynamic Factors – Impact Analysis

3.6. Global Aquafeed Market – Regulations

3.6.1. U.S.

3.6.2. Europe

3.7. Global Aquafeed Market –Trends

Global Aquafeed Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024

4.1. Market Analysis, 2012 – 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Oppurtunity Analysis

Global Aquafeed Market, By Product, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.1. Non-Medicated Feed

5.1.1. Soybean

5.1.1.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.1.3. Market Opportunity Analysis

5.1.2. Fish meal

5.1.2.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.2.3. Market Opportunity Analysis

5.1.3. Corn

5.1.3.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3.3. Market Opportunity Analysis

5.1.4. Fish oil

5.1.4.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.4.3. Market Opportunity Analysis

5.1.5. Others

5.1.5.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.5.3. Market Opportunity Analysis

5.2. Medicated Feed

5.2.1. Vitamins

5.2.1.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.1.3. Market Opportunity Analysis

5.2.2. Amino acids

5.2.2.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.2.3. Market Opportunity Analysis

5.2.3. Antibiotics

5.2.3.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3.3. Market Opportunity Analysis

5.2.4. Anti-oxidants

5.2.4.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.4.3. Market Opportunity Analysis

5.2.5. Feed enzymes

5.2.5.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.5.3. Market Opportunity Analysis

5.2.6. Others

5.2.6.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

5.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.6.3. Market Opportunity Analysis

Global Aquafeed Market Forecast, By Species, 2013 – 2017 and Forecast, 2018 – 2024

6.1. Fish

6.1.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Molluscs

6.2.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. Crustaceans

6.3.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

6.4. Others

6.4.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.4.3. Market Opportunity Analysis

Global Aquafeed Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

7.1. North America

7.1.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Europe

7.2.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Asia-Pacific

7.3.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Latin America

7.4.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

7.5. Middle East and Africa

7.5.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3. Market Opportunity Analysis

7.6. Global Aquafeed Market – Opportunity Analysis Index, By Product Type, By Species, and Region, 2018 – 2024

North America Aquafeed Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

8.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

8.1.1. Non-Medicated Feed

8.1.1.1. Soybean

8.1.1.2. Fish meal

8.1.1.3. Corn

8.1.1.4. Fish oil

8.1.1.5. Others

8.1.2. Medicated Feed

8.1.2.1. Vitamins

8.1.2.2. Amino acids

8.1.2.3. Antibiotics

8.1.2.4. Anti-oxidants

8.1.2.5. Feed enzymes

8.1.2.6. Others

8.2. Species Analysis, 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

8.2.1. Fish

8.2.2. Molluscs

8.2.3. Crustaceans

8.2.4. Others

8.3. Country Analysis 2016 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

8.3.1. U.S.

8.3.2. Canada

8.4. North America Aquafeed Market – Opportunity Analysis Index, By Product Type, By Species and Country, 2018 – 2024

8.5. North America Aquafeed Market Dynamics – Trends

Europe Aquafeed Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

9.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.1.1. Non-Medicated Feed

9.1.1.1. Soybean

9.1.1.2. Fish meal

9.1.1.3. Corn

9.1.1.4. Fish oil

9.1.1.5. Others

9.1.2. Medicated Feed

9.1.2.1. Vitamins

9.1.2.2. Amino acids

9.1.2.3. Antibiotics

9.1.2.4. Anti-oxidants

9.1.2.5. Feed enzymes

9.1.2.6. Others

9.2. Species Analysis, 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.2.1. Fish

9.2.2. Molluscs

9.2.3. Crustaceans

9.2.4. Others

9.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

9.3.1. Germany

9.3.2. UK

9.3.3. France

9.3.4. Spain

9.3.5. Italy

9.3.6. Russia

9.3.7. Poland

9.3.8. Rest of Europe

9.4. Europe Aquafeed Market – Opportunity Analysis Index, By Product Type, By Species and Country, 2018 – 2024

9.5. Europe Aquafeed Market Dynamics – Trends

Asia-Pacific Aquafeed Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

10.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.1.1. Non-Medicated Feed

10.1.1.1. Soybean

10.1.1.2. Fish meal

10.1.1.3. Corn

10.1.1.4. Fish oil

10.1.1.5. Others

10.1.2. Medicated Feed

10.1.2.1. Vitamins

10.1.2.2. Amino acids

10.1.2.3. Antibiotics

10.1.2.4. Anti-oxidants

10.1.2.5. Feed enzymes

10.1.2.6. Others

10.2. Species Analysis, 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.2.1. Fish

10.2.2. Molluscs

10.2.3. Crustaceans

10.2.4. Others

10.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.3.1. Japan

10.3.2. China

10.3.3. India

10.3.4. ASEAN

10.3.5. Australia & New Zealand

10.3.6. Rest of Asia-Pacific

10.4. Asia-Pacific Aquafeed Market – Opportunity Analysis Index, By Product Type, By Species and Country, 2018 – 2024

10.5. Asia-Pacific Aquafeed Market Dynamics – Trends

Latin America Aquafeed Market Analysis, 2012 – 2012 – 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

11.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.1.1. Non-Medicated Feed

11.1.1.1. Soybean

11.1.1.2. Fish meal

11.1.1.3. Corn

11.1.1.4. Fish oil

11.1.1.5. Others

11.1.2. Medicated Feed

11.1.2.1. Vitamins

11.1.2.2. Amino acids

11.1.2.3. Antibiotics

11.1.2.4. Anti-oxidants

11.1.2.5. Feed enzymes

11.1.2.6. Others

11.2. Species Analysis, 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.2.1. Fish

11.2.2. Molluscs

11.2.3. Crustaceans

11.2.4. Others

11.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.3.1. Brazil

11.3.2. Mexico

11.3.3. Argentina

11.3.4. Venezuela

11.3.5. Rest of Latin America

11.4. Latin America Aquafeed Market – Opportunity Analysis Index, By Product Type, By Species and Country, 2018 – 2024

11.5. Latin America Aquafeed Market Dynamics – Trends

Middle East and Africa Aquafeed Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)

12.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.1.1. Non-Medicated Feed

12.1.1.1. Soybean

12.1.1.2. Fish meal

12.1.1.3. Corn

12.1.1.4. Fish oil

12.1.1.5. Others

12.1.2. Medicated Feed

12.1.2.1. Vitamins

12.1.2.2. Amino acids

12.1.2.3. Antibiotics

12.1.2.4. Anti-oxidants

12.1.2.5. Feed enzymes

12.1.2.6. Others

12.2. Species Analysis, 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.2.1. Fish

12.2.2. Molluscs

12.2.3. Crustaceans

12.2.4. Others

12.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.3.1. Gulf Cooperation Council (GCC) Countries

12.3.2. Israel

12.3.3. South Africa

12.3.4. Rest of MEA

12.4. MEA Aquafeed Market – Opportunity Analysis Index, By Product Type, By Species and Country, 2018 – 2024

12.5. MEA Aquafeed Market Dynamics – Trends

Competition Landscape

13.1. Strategic Dashboard of Top Market Players

13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)

13.2.1. Ridley Corporation Ltd (Australia)

13.2.2. Nutraid

13.2.3. (Belgium), Alltech (U.S.)

13.2.4. Biomar (Denmark)

13.2.5. Avanti Feeds Ltd. (India)

13.2.6. Aller Aqua A/S (Denmark)

13.2.7. Tongwei Co. Ltd (China)

13.2.8. Zhuhai Shihai Feed Co. Ltd (China)

13.2.9. Nutreco N. V (Netherlands)

13.2.10. Terravia Holdings Inc. (U.S.)

13.2.11. Bunge Ltd. (U.S.)

13.2.12. Archer Daniels Midland Company (U.S.)

Research Methodology
Key Assumptions and Acronyms

Description

Description

Key Development:

In June 2021, a new Aquafeed standard was launched by Aquaculture Stewardship Council (ASC) to tackle any unsustainable and irresponsible practices across the industry

In August 2021, the Central Institute of Fisheries Technology (CIFT) built a new technique to remove the hazard of fisheries waste being curved into fish feeds

search

Aquafeed Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Description

Aquafeed Market

Aquafeed Market

Key Features of the Report

By product type

By species

By Geography

GEOGRAPHY

Frequently Asked Questions

Table Of Content

Company Profile

Description

Product categories

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