Press release
Sustainable Feed & Nutrition for Aquaculture Market
Sustainable Feed & Nutrition for Aquaculture Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Sustainable Feed & Nutrition for Aquaculture Market By Feed Type (Algae, Insect, Single Cell Protein) Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
According to the most recent market research, the global sustainable feed and nutrition for aquaculture market is valued at $5.24 billion in 2021 and is predicted to reach $13.1 billion by 2030, with a CAGR of 10.9% from 2022 to 2030.
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Balanced feed and nutrition are critical in ensuring the appropriate growth and health of aquatic creatures. The food is the major means of administering immunostimulants, medicines, and functional elements to fish. Sustainable aquaculture can increase food security and nutrition while reducing potential environmental implications. The growth of the global sustainable feed and nutrition for aquaculture market can be ascribed to a variety of causes, including rising demand for fish products, expanding health-conscious customers, and a growing human population. The global market expansion may also be attributed to increased awareness of the health benefits of sustainable, algae-based components in animal feed, adoption of new technology, and growing environmental implications such as the carbon footprint of animal products. Increasing demand for high-quality aquaculture feed has hastened the need for sustainable aquaculture solutions, which is expected to fuel the development of sustainable feed and nutrition for the aquaculture market in the next years.
However, supplying sustainable feed ingredients that suit the nutritional needs of multiple fish species presents a significant market issue. Furthermore, the lack of rules and standards governing feed sustainability is expected to limit market adoption during the projection period.
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Europe will lead the market in 2021. Europe is expected to have significant growth over the predicted timeframe, followed by Asia Pacific, owing to rising demand for animal proteins and feed, as well as increased awareness among aqua farmers about sustainable feeding.
Major market players operating in the sustainable feed & nutrition for aquaculture market include HEXAFLY (Ireland), Enterra Feed (Canada), Enviroflight (US), Agriprotein (South Africa), Innovafeed (France), Ynsect (France), Beta Hatch (US), nextProtein (France), Protix (Netherlands), Bioflytech (Spain), Entofood (Malaysia), Nutrition Technologies Group (Singapore), F4F (Australia), Insect Feed Technologies (Singapore), AlgaEnergy (Spain), Algatech LTD (US), SabrTech (Canada), NASEKOMO (Bulgaria), Entobel (Singapore), Cargill (US), Cellana (US), DSM (Netherlands), Algatechnologies (Israel), Corbion (Netherlands), Algae (Norway), AlgaPrime, Alltech, AlgaEnergy, Algatech LTD, Pond Technologies (Canada), SabrTech, Feed Algae (UK) among others.
Key developments in the market:
• In Oct 2021, Entobel partnered with AquaBIO5 to produce insect-derived products with aquaculture uses. The goal of the collaboration is to provide pathogen-free products for early-stage shrimp and fish, emphasizing good digestibility, assimilation, growth, and survival.
• In March 2021, Cargill (US) partnered with aqua farmers to chart a new course in seafood sustainability. Cargill's latest initiative, SeaFurther Sustainability, helps aqua farmers raise more sustainable seafood with less environmental impact, and it also decreases the carbon footprint of fish farming and protects oceans.
• In June 2020, Corbion (Netherlands), a leader in algae ingredients for aquaculture feeds, expanded its algae business with three strategic appointments, expanding the impact of its award-winning omega-3 algae feed ingredient, AlgaPrime DHA. With the proven success of AlgaPrime DHA's adoption in the salmon industry, the expanded team is expected to drive the commercialization of omega-3 ingredients in the shrimp, marine fish, pet, and livestock markets.
• In June 2019, Cargill (US) and InnovaFeed (France), a biotech company that produces animal feed, partnered to bring innovative and sustainable feed options to the animal nutrition category. Through this collaboration, both companies can jointly market fish feed, including insect protein, enabling both partners to support the growth of sustainable aquaculture.
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Market Segments
Global Sustainable Feed & Nutrition for Aquaculture Market, by Ingredients, 2019-2030 (Value US$ Bn)
• Amino Acids
• Phosphates
• Vitamins
• Acidifiers
• Carotenoids
• Enzymes
• Mycotoxin Detoxifiers
• Antibiotics
• Minerals
• Antioxidants
• Non-protein Nitrogen
• Phytogenics
• Probiotics
• Other Ingredients
Global Sustainable Feed & Nutrition for Aquaculture Market, by Feed, 2019-2030 (Value US$ Bn)
• Algae
• Insect
• Single Cell Protein
Global Sustainable Feed & Nutrition for Aquaculture Market, by Region, 2019-2030 (Value US$ Bn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2019-2030 (Value US$ Bn)
• U.S.
• Canada
Europe Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2019-2030 (Value US$ Bn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2019-2030 (Value US$ Bn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2019-2030 (Value US$ Bn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2019-2030 (Value US$ Bn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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