About Aquatic Feed
The growth of the fish farming industry across the world, demand for high quality aquatic feed in increasing consistently. Rising disposable incomes in emerging nations and rapid urbanisation have led to surge in feed production globally in the upcoming years. The level of income and consumption of animal protein are positively interrelated, with the increasing consumption of fish and other seafood’s happening at the expense of staple foods.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 7.2% |
Market players are focusing on providing aquatic feed with higher quality along with complying all regulatory standards to fascinate more end users . They are also focusing on the introduction of numerous advanced & attractive features to further get more fish cultivation. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Aquatic Feed market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Archer Daniels Midland Company (United States), Alltech (United States), Purina Animal Nutrition (United States), Nutreco N.V. (Netherlands), Ridley Corporation Ltd. (Australia), Koninklijke DSM N.V. (Netherlands), BENEO GmbH (Germany), Novus International (United States), Biomin Holding GmbH (Austria), Nutriad (Belgium) and Alltech Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aquatic Feed market by and Region.
On the basis of geography, the market of Aquatic Feed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Ingredient Type, the sub-segment i.e. Additives will boost the Aquatic Feed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form Type, the sub-segment i.e. Dry will boost the Aquatic Feed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Species Type, the sub-segment i.e. Crustaceans will boost the Aquatic Feed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyles and Habits among Consumers
Market Growth Drivers:
Increasing Aquaculture Industry Globally and Growth in Seafood Trade Propelling the Demand across the World
Challenges:
Growing Environmental and Human Health Concerns
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
Increasing Funding for Aquaculture in Developing Nations and The Growth in the Demand for Protein-Rich Product Globally
Market Leaders and their expansionary development strategies
In April 2022, BioMar has announced the acquisition of AQ1 Systems, the world’s leading producer of acoustic feeding technology for the shrimp farming industry. Company has intensified research and advisory services for feed solutions, environment and shrimp performance. With this acquisition, company is able to strengthening the core feed business with innovative tech solutions and also create new synergies between farming technologies and feed solutions”.
In 2020, Aquasoja launched its latest NEOGOLD range of feeds for pre-ongrowing of fish production. It is nutritionally-adapted to cater with different life stages of juvenile fish. They are made-up with high-quality marine ingredients, as well as health- and growth-oriented ingredients. Hence, they are able to stimulate the immune system and improve growth performance. With this new launch, company has expanded its portfolio.
In the United States, the Food and Drug Administration (FDA) is the agency responsible for regulating animal feed, including feed for fish and shellfish. This rule does not apply to farms that manufacture food for their own animals or other food facilities not required to register under section 415 of the FD&C Act.
Key Target Audience
Aquafeed Producers and Suppliers, Aquafeed Distributors, Importers, and Exporters, Research Institutions, Government Bodies, Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.