Global Fish Feeds Market Overview:
Fish feed is an important part of modern commercial aquaculture that provides the balanced nutrition needed by farm fish. This fish feed is available in the form of pellets and granules, provide the nutrition in a concentrated and stable form, enabling the fish to feed efficiently and grow at their full potential. The two most important ingredients used for fish feed are fish oil and fish meal. Plant-based fish feed ingredients such as soybean, corn, sunflower, pea, and others that are naturally rich in protein are in high demand in the feed industry. Soybeans are considered the best source of protein for fish feed.
As per latest study released by AMA Research, the Global Fish Feeds market is expected to see growth rate of 9.6%Attributes | Details |
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Study Period | 201-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 201-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption of Plant-Based Feed
Market Growth Drivers:
Growth in the Aquaculture Industry and Rapid Urbanization and Rise In Seafood Trade, and Growing Disposable Income
Challenges:
Inadequate Manufacturing, Warehousing, and Transport Facilities
Restraints:
Fluctuations in Raw Material Prices and Weak Supply Chain Infrastructure
Opportunities:
Increasing Government Support to the Farmers and Subsidy Schemes and Development of Innovative Products as a Source of Protein
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are Cargill, Inc. (United States), Zeigler Bros., Inc. (United States), Archer Daniels Midland (United States), Alltech Inc. (United States), Purina Animal Nutrition (United States), Aller Aqua A/S (Denmark), Sonac B.V. (Netherlands), BioMar Group (Denmark), Nutreco N.V. (Netherlands) and Ridley Corp. Ltd. (Australia). Additionally, following companies can also be profiled that are part of our coverage like Biomin Holding GmbH (Germany). Analyst at AMA Research see United States Vendors to retain maximum share of Global Fish Feeds market by 2030. Considering Market by Form, the sub-segment i.e. Pellet will boost the Fish Feeds market. Considering Market by Packaging Type, the sub-segment i.e. Plastic Pouches will boost the Fish Feeds market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Fish Feeds market.
Latest Market Insights:
In February 2023, Cargill, a leading agricultural and food company, announced the acquisition of Ewos, a Norwegian fish feed producer, for €1.45 billion. This acquisition strengthens Cargill's position in the aquafeed market and expands its reach in Europe.
In June 2023, BioMar, a global leader in fish feed, introduced a new high-energy salmon feed called "Fusion HG." This product is specifically designed to improve salmon growth and performance while reducing waste.
What Can be Explored with the Fish Feeds Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fish Feeds Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fish Feeds
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fish Feeds market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fish Feeds market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fish Feeds Manufacturers, Raw Material Suppliers, Research Institutes, Potential Investors, End-Use Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.