Aqua feed market – growth, trends, covid-19 impact, and forecasts (2021 – 2026)

The aquafeed market is estimated to account for USD XXX units in 2021 and is projected to reach USD XXX units by 2026, recording a CAGR of +7% during the forecast period.

Aqua feeds f are compound meals prepared for aquatic animals by mixing various raw materials and additives. These mixtures are prepared according to the specific requirements of the species and the age of the animal. Aquaculture feeds have become crucial for the aquaculture industry due to their nutritional, immune-resistant and growth-promoting properties. High-quality aquaculture feeds are exponentially more beneficial to fish, mollusks, crustaceans and other aquatic animals than farm-processed feeds due to their balanced and specific composition.

However, the COVID-19 pandemic has slowed operations, with a shortage of personnel and new sanitary guidelines for the operation of fisheries and processing. Feed companies have secured the necessary supplies to farmers to safeguard the health and welfare of their animals and maintain the level of production on the farms. Increasing demand for fish has increased export-oriented aquaculture and increased adoption a result, fish farming is anticipated to grow, presenting an opportunity for the aquafeed market to grow. Due to the limited availability of marine food resources and the increasing demand for fish, the trend of fish farming is expected to increase, thus opening an opportunity for the compound feed market to grow.

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The Top Key Players include Aqua feed Market:

Archer Daniel Midland Animal Nutrition, Cargill Incorporated, Ridley Incorporation Ltd, SONAC, NK Ingredients PTE Ltd, Nutreco N.V., Alltech, Purina Animal Nutrition LLC, Aller Qua Group, ERBER Group, BioMar group, Norel S.A., Marvesa Oil and Fats B.V., NUTRIAD, Avanti Feeds Ltd, DE HEUS, Novus International Inc, KENT FEEDS, Biostadt India Ltd, Charoen Pokphand Foods PCL .

Asia-Pacific is anticipated to dominate the aquafeed industry in the coming years due to the significant growth of the aquaculture industry. This is due to the ease of availability of natural resources, the induced conditions for aquaculture and cheap labor. In other regions such as Europe and North America, the increasing inclination towards salmon farming, increasing demand for shellfish, species resistance, and government interest have led to increased demand for aquafeeds from aquaculture species.

By type Aqua feed Market segmented to:

• Soyabean
• Fishmeal
• Maize Corn
• Fish Oil
• Additives
• and Others

By application Aqua feed Market segmented to:

• Fish Farming
• Aqua Culture

Region and country level analysis:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Arabia, South Africa etc.)

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The global aquafeed market is segmented according to final consumption, additives and geography. The final consumer segment bifurcates even more in fish, molluscs, crustaceans and others. The demand for fish and shellfish is increasing due to rising income levels and the demand for healthy and protein-rich food products globally. Seafood is a good source of a diet rich in protein that is available in a quarter of the planet, with current population and consumption trends, it is necessary to control the load of terrestrial food products.

This is due to their abundant availability and popularity, as common types of carp fish are tolerant of most water conditions. Based on additives, the market is segmented into vitamins, antioxidants, amino acids, enzymes, acidulants and binders. The demand for amino acids is increasing due to their wide application in aquafeed additives. Amino acids are the main components of protein, since animals require a continuous supply of protein in their diet; It is considered an essential component of feed for aquaculture.

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Finally, the expected growth period and forecast are detailed in the Global aquafeed market Report. It also analyzes key new trends and their impact on current and future development. In addition, the report analyzes key market options along with features, prices, revenue, production utilization, consumption, overall output, supply / demand, import / export, market share, gross profit, and CAGR.

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