Aqua Feed Market Is Projected To Reach USD 319.80 Billion By 2030, Growing At A CAGR Of 9.70% From 2023 To 2030

Aquafeed Market size was valued at USD 140.16 Billion in 2022 and is projected to reach USD 319.80 Billion by 2030, growing at a CAGR of 9.70% from 2023 to 2030.

Some of the reasons driving the growth of the global Aquafeed Market include the rising government support for fish farming operations and the creation of novel products as a source of protein. The market is comprehensively evaluated in the study on the global aquafeed industry. Expanding product use in the growth of various oceanic species, including salmon, tilapia, carp, and catfish, among others, is predicted to be the main driver of the item's demand. Due to the existence of multiple market participants, the global market is fragmented. To increase their presence farther along the value chain, these market players are concentrating on mergers and acquisitions, partnerships, and collaborations.

Aquafeed refers to the feeds that are prepared using a wide variety of substances and then given to the animals. The primary goal of aquafeeds is to provide animals' nutritional needs so they can carry out their regular physiological processes. These processes include growth, reproduction, and maintenance of the incredibly powerful natural immune system. The aquafeed must be handled carefully and has a limited shelf life. Care must be taken when handling these meals.

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Market Overview:

Growing consumer interest in seafood and fish-related products including fish oil, fish meal, and fish silage are likely to increase aquaculture production, which is anticipated to accelerate market expansion. Additionally, it is projected that the industry will continue to grow in the years to come due to the increased need for animal protein in developed western countries and the rising trade of fish within a few global nations.

The development of the market may be hampered by the high cost volatility connected with the raw materials used in the feed arrangement. For instance, a significant increase in the price of soybean, corn, or other raw materials may have a direct impact on the product's final cost and may make it more difficult to negotiate deals for certain items. Additionally, a growing population of people choosing vegetarian diets and avoiding non-vegetarian food is anticipated to reduce demand for fish, which could have a negative impact on the market.

Global Aqua Feed Market: Segmentations

Global Aqua Feed Market: By Key Players
Nutreco
Haid Group
Tongwei Group
BioMar
Cargill
CP Group
Evergreen Feed
New Hope Group
Grobest
Yuehai Feed
Ridley
Alpha Feed
Dibaq Aquaculture
DBN
Uni-President Vietnam
Aller Aqua
GreenFeed
Proconco
Avanti Feeds
Gold Coin
Vitapro
Tianma Tech

Global Aqua Feed Market: By Types
Premix
High-end Extruded Feed
Aquatic Feed

Global Aqua Feed Market: By Applications
Fish Feed
Shrimp Feed
Crab Feed

Global Aqua Feed Market: Regional Analysis
The countries covered in the regional analysis of the Global Aqua Feed market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Growth Factors:

Increasing consumer disposable income in developing countries is driving up demand for lightweight and robust packaging solutions in the food and beverage industry. The rising acceptance of prepared food items The growth of online stores that sell a variety of aluminium foil containers
Innovative packaging solutions have been created as a result of technological breakthroughs.

Additional categories for the end use segment include fish, mollusks, crabs, and others. Due to rising income levels and an increase in the demand for protein-rich, healthful food products worldwide, fish and mollusc consumption has increased. Protein can be found in seafood on seventy-five percent of the earth. With the existing population and consumption patterns, the strain on land-based food production must be managed. As a result, the aquafeed sector is expanding as aquaculture expands to meet the demand for seafood from a growing population. Additional categories of fish include carp, salmon, tilapia, and catfish. According to the prediction for the aquafeed market, the carp fish type has the largest market share.

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Key Benefits for Stakeholders

• This report provides a quantitative analysis of current aquafeed market trends, estimations, and dynamics of the global aquafeed market from 2021 to 2030 to identify the prevailing aquafeed market opportunities.
• Porter's five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
• The report includes analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

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This release was published on openPR.