Aquafeed Market is projected to reach a value of over USD 79.4 billion by 2027

Aquafeed Market: Summary

The Global Aquafeed Market is projected to reach a value of over USD 79.4 billion by 2027 at a CAGR of around 6.7%.

Aquafeeds are meals prepared for aquatic animals by mixing raw materials and additives. These blends are prepared according to the specific requirementsof the species and age of the animal. Nutritional, immune resistant, and growth-promoting properties of aquafeed haveincreased its importance in the aquaculture industry. High-quality aquafeed is exponentially more beneficial to fish, molluscs, crustaceans & other aquatic animals than farm-made feed due to their balanced and need specific composition.

Aquafeed Market: Drivers & Challenges

Market Driver:

Growth in the aquaculture industry has expected to boost the demand for the aquafeed market during the forecasted period. This is attributed to the increased production of food for human consumption, the opening of commercially viable business opportunities, increased national exports, and need for substitution of imports by local production. According to the Food & Agriculture Organization of the United Nations, in 2018, total global capture fisheries production reached the highest level ever recorded at 96.4 million tones.

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Market Restraint:

Global development of aquaculture has resulted in increasing concerns about the environmental impact which may hinder the growth of the aquafeed market. Environmental degradation from aquaculture has been reported and negatively affected which includes organic population and eutrophication, a buildup of excess nutrients and waste in the ecosystem. Thus, to control this impact and maintain the supply of aquafeed, governments have imposed various regulations. For instance, under the Fisheries Act, B.E. 2558 (2015), Department of Fisheries is authorized to address aquaculture sustainability, including food safety, animal health and welfare, environmental integrity, social and community welfare and regulation of fishing activities.

Aquafeed Market: Key Segments

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Aquafeed Market: Report Scope

The report on the aquafeed market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019–2027

Base Year for Market Calculation

2020

Forecasted Period

2021–2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Tons)

Segments Included

Additives, Ingredients, Form, Lifecycle Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

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Aquafeed Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Aquafeed Market, by Additives

Aquafeed Market, by Ingredients

Aquafeed Market, by Form

Aquafeed Market, by Lifecycle

Aquafeed Market, by Application

Aquafeed Market, by Region

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL AQUAFEED MARKET BY ADDITIVES, Market Size in USD Million & Volume in Tons (2019–2027)

7 GLOBAL AQUAFEED MARKET BY INGREDIENTS, Market Size in USD Million & Volume in Tons (2019–2027)

8 GLOBAL AQUAFEED MARKET BY FORM, Market Size in USD Million & Volume in Tons (2019–2027)

9 GLOBAL AQUAFEED MARKET BY LIFECYCLE, Market Size in USD Million & Volume in Tons (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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