Press release
Aquaculture Feed Extrusion Industry To Witness Massive Growth (2024-2031) | Fish Feed Extruder, Heritage Nutrient Limited, Cargill, ADM, Biomar
Aquaculture Feed Extrusion || 2024-2031
DataM Intelligence has released a new research report on "Aquaculture Feed Extrusion Market Size 2024." This report offers in-depth insights into key factors such as regional growth, segmentation, CAGR, and the revenue status of leading players in the industry. Its aim is to present a detailed overview of the current market size in terms of value and volume, as well as potential opportunities and development trends.
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The global aquaculture feed extrusion market has experienced notable growth due to its ability to produce nutritionally balanced and high-quality feeds for diverse farmed aquatic species, such as fish and shrimp. This extrusion process enables the creation of various feed pellet forms, contributing significantly to the market's expansion.
The Aquaculture Feed Extrusion Market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Key Developments
In October 2021, BioMar launched a new pellet size within its INICIO Plus product line. The newly introduced pellets, with a diameter of 0.35 mm, are designed to meet the nutritional needs of the smallest fry and enhance the feeding experience during their early developmental stages.
In August 2021, Nutreco formed a joint venture with Kenya-based Unga Group Plc to address the rising demand for high-quality protein in the East African region. This collaboration includes Nutreco-managed joint ventures with two Unga Group subsidiaries: Unga Farm Care (EA) Limited in Kenya and Unga Millers (U) Limited in Uganda.
Market Dynamics:
Increase in demand for High-quality Fishes
The rising demand for fish, driven by consumers seeking nutritious and protein-rich diets, is significantly boosting the aquaculture feed extrusion market. According to the OECD-FAO Agricultural Report, per capita fish consumption is projected to reach 21.4 kg in live weight equivalent (LWE) by 2029, a 4.7% increase from 20.4 kg in 2017-2019.
As fish consumption rises, farmers and manufacturers are increasingly adopting advanced technologies in feed extrusion. These technologies provide nutritionally balanced feed in pellet and granule forms, enhancing digestion and nutritional intake for fish. This, in turn, boosts productivity and drives greater adoption of feed extrusion methods in aquaculture.
Market Segment Analysis
By Species: Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater (FW) Crustaceans, Trout's, Others
By Ingredients: Protein, Vitamins & Minerals, Fats, Others
By Feed: Pellets, Flakes, Granules, Sticks, Others
By Distribution Channel: Pet shops, Households, Veterinary Hospitals, Others
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Major Key players
• China National Building Material Group Corporation
• CEMEX, S.A.B. de C.V.
• HOLCIM
• Heidelberg Materials
• UltraTech Aquaculture Feed Extrusion Ltd
• InterAquaculture Feed Extrusion
• LafargeHolcim
• The Siam Aquaculture Feed Extrusion Group
• Titan Aquaculture Feed Extrusion Company S.A.
• Votorantim Cimentos
• Takata Corporation
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Related Reports:
Aquaculture Fertilizer Market: https://datamintelligence.com/research-report/aquaculture-fertilizer-market
Crop Monitoring Devices Market: https://datamintelligence.com/research-report/crop-monitoring-devices-market
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