Soaring Demand Set to Propel Aquafeed Market to $151.03 Billion by 2029

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Aquafeed Market Size Growth Forecast: What to Expect by 2025?
The aquafeed market has seen substantial growth in the last few years. Projected to rise from $99.02 billion in 2024 to $107.69 billion in 2025, it has a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth from the historical period include the expansion of aquaculture, a rise in seafood consumption, increased understanding of health benefits, global demand for protein, and sustainable aquaculture methods.

How Will the Aquafeed Market Size Evolve and Grow by 2029?
The market size for aquafeed is projected to witness substantial growth in the coming years. It is predicted to escalate to $151.03 billion by 2029, with a compound annual growth rate (CAGR) of 8.8%. The anticipated growth during this forecast period can be credited to the intensification of aquaculture, increasing middle-class demographic, disease prevention in aquaculture industry, adaptation to climate change, and commitment to quality and safety. Key trends for the forecast period encompass precision feeding technologies, tailored feeds for specialized aquaculture, blockchain implementation for transparency, biofortified feeds, and the incorporation of digital technologies.

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What Drivers Are Propelling the Growth of Aquafeed Market Forward?
The aquafeed market is projected to expand due to the heightened intake of seafood. The escalating need for fishery products for human consumption is being met significantly through aquaculture production. As per a study conducted by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO), it's anticipated that fish consumption will see an increment of 180 Mt by 2029. The surge in demand for seafood or fishery items is expected to raise the necessity for premium aquafeed to assure the quality of the produce for the consumers. Hence, the escalating seafood intake is fueling the expansion of the aquafeed market.

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Which Emerging Trends Are Transforming the Aquafeed Market in 2025?
One key trend becoming increasingly prevalent in the aquafeed market is technological innovation. Companies in this industry are zeroing in on the creation of innovative products that offer superior nutrition and enhanced feed conversion. In September 2022, Secma Cabon Solution Vide, a firm specializing in the design and construction of equipment based in France, introduced MultyWays, a distinctive aquafeed delivery system. The patented inventions of the company include The CleanPipe system, DosAir, and Multiway valves. These three components work together to maximize productivity and profitability. MultyWays not only enhances yield and enables more frequent daily feedings but also provides farmers with more time for other tasks. It also reduces labor costs, minimizes manual handling, and decreases the number of accidents caused by routine feeding activities.

What Are the Key Segments in the Aquafeed Market?
The aquafeed market covered in this report is segmented -

1) By Additives: Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders
2) By Form: Dry Form, Wet Form, Moist Form
3) By Distribution Channel: Direct Sales, Indirect Sales, Hyper market/super market, Wholesalers, Online, Other Distribution Channel

Subsegments:
1) By Vitamins: Water-Soluble Vitamins, Fat-Soluble Vitamins
2) By Antioxidants: Synthetic Antioxidants, Natural Antioxidants
3) By Amino Acids: Essential Amino Acids, Non-Essential Amino Acids
4) By Enzymes: Proteases, Lipases, Amylases, Cellulases
5) By Acidifiers: Organic Acids, Inorganic Acids
6) By Binders: Natural Binders, Synthetic Binders

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Who Are the Key Players Shaping the Aquafeed Market's Competitive Landscape?
Major companies operating in the aquafeed market include Cargill Incorporated, Archer Daniels Midland Company, Marubeni Nisshin Feed Co. Ltd., Evonik Industries AG, Charoen Pokphand Foods Public Company Limited, Royal De Heus B.V., Nutreco N.V., ForFarmers N.V., PT Japfa Comfeed Indonesia Tbk, BioMar A/S, Adisseo, Alltech Inc., Ridley Corporation Limited, Skretting USA, Wilbur-Ellis Nutrition LLC, Purina Animal Nutrition LLC, Aller Aqua A/S, Biomin GmbH, Biostadt India Limited, Growel Feeds Private Limited, Norel Animal Nutrition, Sonac B.V., Coppens International B.V., EnviroFlight LLC, Beneo GmbH, Nutriad International NV, Dibaq Aquaculture S.L., Melick Aquafeed, Rangen Inc.

What Geographic Markets Are Powering Growth in the Aquafeed Market?
Asia-Pacific was the largest region in the aquafeeds market in 2024. North America is expected to have the highest CAGR in aquafeeds market. The regions covered in the aquafeed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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