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Aquaculture Feed Market Trends 2023-2032: Growth, Analysis, Size And Forecast | Alltech Inc., The Archer-Daniels-Midland Company, Cargill Inc., Land O'Lakes Inc., Nutreco N.V
Aquaculture Feed Market
Aquaculture Feed Market Size, Growth Rate, And Forecast
The global aquaculture feed market size is expected to grow from $69.90 billion in 2022 to $76.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aquaculture feed market size is expected to reach $103.60 billion in 2027 at a CAGR of 7.9%.
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Aquaculture Feed Market Drivers
The increasing demand for seafood is expected to propel the growth of the aquaculture feed market going forward. Seafood refers to aquatic creatures and fish that can be eaten by humans, such as fish, shrimp, and even octopuses. Seafood is harvested or farmed for human consumption and is a significant source of protein and nutrients. Aquaculture feed is one of the most effective ways to develop high-quality seafood for human consumption.
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Aquaculture Feed Market Segments
• By Product Type: Pellets, Extruded, Powdered, Liquid.
• By Ingredient Type: Soybean, Corn, Fishmeal, Fish Oil, Additives, Other Ingredients.
• By Species Type: Carp, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trouts, Other Species.
• By Distribution Channel: Store Based, Online.
• By End User: Commercial, Household.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Aquaculture Feed market.
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Aquaculture Feed Market Key Players
Major competitors in the aquaculture feed market include Alltech Inc., The Archer-Daniels-Midland Company, Cargill Inc., Land O'Lakes Inc., Nutreco N.V., Charoen Pokphand Foods PCL, Aller Aqua AS, Schouw & Co. AS, Avanti Feeds Limited.
The Business Research Company's "Global Aquaculture Feed Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Aquaculture Feed Market Include:
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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