Global Aquafeed Market

Global Aquafeed Market Size, Trends & Analysis- Forecasts to 2026 By Species (Fish, Crustaceans, Molluscs, and Others), By Ingredient (Soybean, Corn, Fishmeal, Fish oil, Additives, and Others), By Additive (Antibiotics, Vitamins & Minerals, Antioxidants, Amino Acids, Enzymes, Probiotics & Prebiotics, and Others), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End-User Landscape, and Company Market Share Analysis & Competitor Analysis

Category Food & Beverages

Format

This report was recently updated on November 15 2024 with the latest and most recent market numbers

Aquafeed Market Insights

The global aquafeed market is projected to grow at a high CAGR% during the forecast period. Rising aquaculture activities, increasing seafood trade, and growing human consumption of fish due to the increasing awareness about its health benefits are the primary factors driving the growth of the market. Aquafeed is a compounded meal prepared from vegetarian and non-vegetarian sources for aquatic animals according to the specific requirements of species and age of the animal. It has become crucial to the aquaculture industry due to its nutritional, immune resistant, and growth-promoting properties. Rising per capita income in developing countries, increasing consumption of seafood, and growing concerns for cross-contamination & sea foodborne disease such as vibrio, salmonella, and listeria are some of the other factors propelling the growth of the market. However, stringent market regulations in seawater fishing and increasing raw material cost are likely to hamper the market growth.

Aquafeed Market Size: By Species

Based on species, the aquafeed market is segmented into fish, crustaceans, and mollusks among others. The fish segment is estimated to hold the largest market share during the forecast period attributing to the rising demand for fish due to the increase in income levels and rising fish farming activities. The fish segment is further segmented into various types such as carp, salmon, and tilapia among others. Carp fish type holds the largest market share in the fish feed market owing to its abundant availability and popularity. The mollusks segment is also expected to witness significant growth over the period owing to the increasing demand for protein-rich healthy food products.

Aquafeed Market Size: By Ingredient

Based on ingredient, the aquafeed market is segmented into soybean, corn, fish oil, and additives among others. The soybean segment is anticipated to hold the largest market share during the forecast period owing to its rising consumption as it is cheaper than fishmeal. Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats and is fed to farm-reared fish and shellfish to enhance their overall development and growth.

Aquafeed Market Size: By Additive

Based on additive, the aquafeed market is segmented into antibiotics, vitamins & minerals, antioxidants, amino acids, enzymes, and probiotics & prebiotics among others. The amino acid segment is estimated to dominate the market during the forecast period attributing to its rising demand due to its extensive application in aquafeed activities. The amino acid is the main component of proteins, which promotes the growth, production, and overall maintenance of aquatic animal health.

Aquafeed Market Size: By Region

On the basis of region, the market of aquafeed is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market and is also estimated to expand at a rapid pace during the forecast period. The presence of vast aquaculture industries particularly in China and India is expected to drive the demand for aquafeed in the region over the forecast period. Availability of cheap labor and raw materials is also driving the market growth in the region. Growing population along with rising inclination towards salmon farming is also propelling the market growth for aquafeed.

Aquafeed Market Share & Competitor Analysis

The key players operating in the global aquafeed market include: Cargill (US), Nutreco N.V. (Netherlands), Archer Daniels Midland Company (US), Alltech (US), Ridley Corporation Ltd. (Australia), and Purina Animal Nutrition among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Check the Press Release on Global Aquafeed Market Report

Aquafeed Market: By Species

Introduction
1. Aquafeed Market, By Species, 2018-2026 (USD Million)
Fish
1. Fish: Aquafeed Market, 2018-2026 (USD Million)
Crustaceans
1. Crustaceans: Aquafeed Market, 2018-2026 (USD Million)
Molluscs
1. Molluscs: Aquafeed Market, 2018-2026 (USD Million)
Others
1. Others: Aquafeed Market, 2018-2026 (USD Million)

Aquafeed Market: By Ingredient

Introduction
1. Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
Soybean
1. Soybean: Aquafeed Market, 2018-2026 (USD Million)
Corn
1. Corn: Aquafeed Market, 2018-2026 (USD Million)
Fishmeal
1. Fishmeal: Aquafeed Market, 2018-2026 (USD Million)
Fish oil
1. Fish oil: Aquafeed Market, 2018-2026 (USD Million)
Additives
1. Additives: Aquafeed Market, 2018-2026 (USD Million)

Aquafeed Market: By Additive

Introduction
1. Aquafeed Market, By Additive, 2018-2026 (USD Million)
Antibiotics
1. Antibiotics: Aquafeed Market, 2018-2026 (USD Million)
Vitamins & Minerals
1. Vitamins & Minerals: Aquafeed Market, 2018-2026 (USD Million)
Minerals
1. Minerals: Aquafeed Market, 2018-2026 (USD Million)
Antioxidants
1. Antioxidants: Aquafeed Market, 2018-2026 (USD Million)
Amino Acids
1. Amino Acids: Aquafeed Market, 2018-2026 (USD Million)
Enzymes
1. Enzymes: Aquafeed Market, 2018-2026 (USD Million)
Probiotics & Prebiotics
1. Probiotics & Prebiotics: Aquafeed Market, 2018-2026 (USD Million)
Others
1. Others: Aquafeed Market, 2018-2026 (USD Million)

Aquafeed Market: By Region

Introduction
1. Global Aquafeed Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Aquafeed Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Species
    1. North America Aquafeed Market, By Species, 2018-2026 (USD Million)
  2. By Additive
    1. North America Aquafeed Market, By Additive, 2018-2026 (USD Million)
  3. By Ingredient
    1. North America Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
  4. By Country
    1. U.S.
      1. By Species
        
        U.S Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        U.S Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        U.S Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    2. Canada.
      1. By Species
        
        Canada Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Canada Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Canada Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    3. Mexico
      1. By Species
        
        Mexico Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Mexico Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Mexico Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
Europe
1. Europe Aquafeed Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Species
    1. Europe Aquafeed Market, By Species, 2018-2026 (USD Million)
  2. By Additive
    1. Europe Aquafeed Market, By Additive, 2018-2026 (USD Million)
  3. By Ingredient
    1. Europe Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
  4. By Country
    1. Germany
      1. By Species
        
        Germany Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Germany Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Germany Aquafeed Market, By Vertical, 2018-2026 (USD Million)
    2. UK
      1. By Species
        
        UK Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        UK Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        UK Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    3. France
      1. By Species
        
        France Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        France Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        France Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    4. Italy
      1. By Species
        
        Italy Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Italy Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Italy Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    5. Spain
      1. By Species
        
        Spain Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Spain Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Spain Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    6. Rest Of Europe
      1. By Species
        
        Rest Of Europe Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Rest Of Europe Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Rest Of Europe Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Aquafeed Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Species
    1. Asia Pacific Aquafeed Market, By Species, 2018-2026 (USD Million)
  2. By Additive
    1. Asia Pacific Aquafeed Market, By Additive, 2018-2026 (USD Million)
  3. By Ingredient
    1. Asia Pacific Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
  4. By Country
    1. China
      1. By Species
        
        China Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        China Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        China Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    2. Japan
      1. By Species
        
        Japan Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Japan Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Japan Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    3. India
      1. By Species
        
        India Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        India Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        India Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    4. South Korea
      1. By Species
        
        South Korea Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        South Korea Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        South Korea Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    5. Rest Of APAC
      1. By Species
        
        Rest Of APAC Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Rest Of APAC Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Rest Of APAC Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
Central & South America
1. Central & South America Aquafeed Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Species
    1. Central & South America Aquafeed Market, By Species, 2018-2026 (USD Million)
  2. By Additive
    1. Central & South America Aquafeed Market, By Additive, 2018-2026 (USD Million)
  3. By Ingredient
    1. Central & South America Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
  4. By Country
    1. Brazil
      1. By Species
        
        Brazil Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Brazil Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Brazil Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Aquafeed Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Species
    1. Middle East & Africa Aquafeed Market, By Species, 2018-2026 (USD Million)
  2. By Additive
    1. Middle East & Africa Aquafeed Market, By Additive, 2018-2026 (USD Million)
  3. By Ingredient
    1. Middle East & Africa Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
  4. By Country
    1. Saudi Arabia
      1. By Species
        
        Saudi Arabia Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        Saudi Arabia Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        Saudi Arabia Aquafeed Market, By Ingredient, 2018-2026 (USD Million)
    2. UAE
      1. By Species
        
        UAE Aquafeed Market, By Species, 2018-2026 (USD Million)
      2. By Additive
        
        UAE Aquafeed Market, By Additive, 2018-2026 (USD Million)
      3. By Ingredient
        
        UAE Aquafeed Market, By Ingredient, 2018-2026 (USD Million)

The global Aquafeed Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Aquafeed Market.

Aquafeed Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Aquafeed Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Aquafeed Market