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Aquafeed Global Market 2023 - Latest Technology, Industry Trends, Future Demand And Outlook By 2032
Aquafeed Market
Aquafeed Market Size, Growth Rate, And Forecast
The global aquafeed market size grew from $82.84 billion in 2022 to $91.86 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. 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 aquafeed market size is expected to grow to $123.83 billion in 2027 at a CAGR of 7.8%.
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Aquafeed Market Drivers
Increasing seafood consumption is expected to propel the growth of the aquafeed market. Aquaculture production plays an increasing role in satisfying the demand for human consumption of fishery products. According to the study published by the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO), human consumption of fish is expected to increase by 180 Mt by 2029.
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Aquafeed Market Segments
• By Additives: Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders
• By Form: Dry Form, Wet Form, Moist Form
• By Distribution Channel: Direct Sales, Indirect Sales, Hypermarket/supermarket, Wholesalers, Online, Other Distribution Channel
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Aquafeed market.
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Aquafeed Market Key Players
Major competitors in the Aquafeed market include Cargill Incorporated, Archer Daniels Midland Company, Alltech Inc., Purina Animal Nutrition, Ridley Corp Ltd., Nutreco N.V.
The Business Research Company's "Global Aquafeed 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 Aquafeed Market Include:
1. Executive Summary
2. Aquafeed Market Characteristics
3. Aquafeed Market Trends And Strategies
4. Aquafeed Market - Macro Economic Scenario
5. Aquafeed Market Size And Growth
......................
26. Africa Aquafeed Market
27. Aquafeed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aquafeed Market
29. Aquafeed Market Future Outlook and Potential Analysis
30. Appendix
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