Aquafeed Market to Reach USD 99.70 Billion by 2030, Growing at a 7% CAGR

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global aquafeed market was valued at USD 62.09 Bn in 2023 and is expected to grow at a CAGR of 7% from 2024 to 2030, reaching SD 99.70 Bn by the end of the forecast period. The market's growth is propelled by the increasing adoption of formulated feed, a shift toward sustainable and organic feed products, and the growing aquaculture industry.

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's aquafeed market is growing steadily due to its significant aquaculture production. Companies like 𝐂𝐚𝐫𝐠𝐢𝐥𝐥 are collaborating with local fish farmers to provide high-quality feed solutions. Government initiatives promoting sustainable aquaculture practices further enhance the market's potential.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐯𝐢𝐚 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 @https://www.maximizemarketresearch.com/request-sample/31756/

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's aquafeed market is witnessing strong growth, driven by the country's leadership in shrimp farming. 𝐂𝐡𝐚𝐫𝐨𝐞𝐧 𝐏𝐨𝐤𝐩𝐡𝐚𝐧𝐝 𝐅𝐨𝐨𝐝𝐬 has introduced innovative feed products that improve growth rates and reduce environmental impact. The government's push for higher standards in aquaculture strengthens market trends.

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's aquafeed market is evolving as demand for premium seafood increases. Companies like 𝐒𝐤𝐫𝐞𝐭𝐭𝐢𝐧𝐠 are providing tailored feed solutions for species such as yellowtail and sea bream. The country's focus on traceability and sustainability in seafood production presents significant opportunities for advanced aquafeed products.

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚

China's aquafeed market is the largest in the world, fueled by its massive aquaculture industry. Companies like 𝐓𝐨𝐧𝐠𝐰𝐞𝐢 𝐂𝐨., 𝐋𝐭𝐝. are expanding their operations and forming partnerships with global feed manufacturers. Mergers and acquisitions among domestic and international players are driving consolidation and innovation.

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's aquafeed market is growing as the country diversifies its aquaculture species. Companies like 𝐂𝐉 𝐂𝐡𝐞𝐢𝐥𝐉𝐞𝐝𝐚𝐧𝐠 are developing specialized feeds for high-value species like abalone and trout. Government initiatives to enhance domestic seafood production support market expansion.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/31756/

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's aquafeed market benefits from its advanced research and development capabilities. Companies like 𝐕𝐞𝐫𝐚𝐦𝐚𝐫𝐢𝐬 are providing algae-based omega-3 feed solutions to meet the city-state's demand for sustainable seafood. The government's emphasis on food security and innovation drives the market.

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US aquafeed market is growing rapidly, supported by increased aquaculture production and consumer demand for high-quality seafood. Companies like 𝐁𝐢𝐨𝐌𝐚𝐫 𝐆𝐫𝐨𝐮𝐩 and 𝐙𝐞𝐢𝐠𝐥𝐞𝐫 𝐁𝐫𝐨𝐬., 𝐈𝐧𝐜. are introducing innovative feed solutions to enhance fish health and reduce environmental impacts. Federal support for sustainable aquaculture further strengthens the market.

𝐀𝐪𝐮𝐚𝐟𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's aquafeed market is shaped by stringent regulations and a strong focus on sustainability. Companies like 𝐀𝐥𝐥𝐭𝐞𝐜𝐡 and 𝐂𝐚𝐫𝐠𝐢𝐥𝐥 𝐀𝐪𝐮𝐚 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 are innovating with organic and functional feed products. The rise of land-based aquaculture systems and growing consumer preference for eco-friendly seafood fuel market growth.

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 :https://www.maximizemarketresearch.com/request-sample/31756/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

Fish
Mollusks
Crustaceans

The seafood category is predicted to increase at the quickest rate during the projection period and held the greatest share in 2019. The most affordable and readily digested animal protein is fish. The need for fish feed has grown as aquaculture and fish farming have expanded. Demand for aquafeed is also being created by the use of artificial environments such as aquaponics and the Recirculating Aquaculture System (RAS) to boost fish productivity and availability for human consumption.

𝐛𝐲 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭

Soybean
Corn
Additives
Fish meal
Fish oil

During the forecast period, the soybean segment is anticipated to hold the highest share of the aquafeed market based on the type of ingredient. With roughly 48% high-quality protein, soybeans are a great source of protein for aquafeed. Because of its high nutrient content and abundance of digestible amino acids and xanthophylls, it is widely used as a significant source of protein in the aquafeed industry.

𝐛𝐲 𝐀𝐝𝐝𝐢𝐭𝐢𝐯𝐞

Antibiotics
Vitamins
Antioxidants
Amino acids
Feed enzymes
Feed Acidifiers

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/global-aquafeed-market/31756/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Archer Daniels Midland Company
2. Cargill
3. Alltech
4. Ridley Corporation Ltd.
5. Nutreco N.V
6. Avanti Feeds Ltd.
7. Biostadt India Ltd.
8. Nutriad
9. Aller Aqua A/S
10. BioMar
11. BIOMIN Holding GmbH
12. Norel Animal Nutrition
13. De Heus Animal Nutrition
14. Dibaq a.s

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