About Fish Food
Fish food is those type of food which is used as feed for fish. It mainly contains a natural pigment which improves to intensify the radiant color of various fish. It also contains, vitamins necessary, macronutrients and trace elements in order to keep captive fish in good health. Increasing aquaculture industry across the world and growing seafood trade are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The fish food market is fragmented with the presence of large player such as San Francisco Bay Brand (United States), Bio-Oregon (United States), Kyorin Food Industries (Japan), among others Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fish Food 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.
San Francisco Bay Brand (United States), Bio-Oregon (United States), Kyorin Food Industries (Japan), New Life Spectrum (United States), Raanan Fish Feed Ltd. (Israel), Tetra Fish (Germany), Zoo Med Laboratories (United States), Shishi He Deming Seafood Co., Ltd. (China), Sunshade Animal Feeds Private Limited (India) and Avanti Feeds Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dibaq a.s, (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Fish Food market by Type (Shrimp Eggs and Mixed Pellets), Application (Baby Freshwater Fishes and Small Saltwater Fishes) and Region.
On the basis of geography, the market of Fish Food 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). If we see Market by Ingredient, the sub-segment i.e. Soybean will boost the Fish Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by State, the sub-segment i.e. Dried will boost the Fish Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Fish Farming Trend in both Developed and Developing Countries
Market Growth Drivers:
Growing Seafood Trade and Rising Aquaculture Industry across the world and Increasing Usage of Fish Farming For Numerous Application Such as Baby Freshwater Fishes and Small Saltwater Fishes
Challenges:
A problem regarding the Harmful Impact on the Environment and Food Safety Concerns
Restraints:
A major concern related to Price Volatility of Raw Materials for Manufacturing Food
Opportunities:
Growing Demand from Emerging Economics Market Such as China, India, Brazil, among Others and Government Initiatives to Support Aquaculture across the World
Market Leaders and their expansionary development strategies
In March 2023, The World Economic Forum’s Blue Food Partnership launched today a Global Sustainable Aquaculture Roadmap at the Our Ocean Conference in Panama, in collaboration with FUTUREFISH and the Aquaculture Stewardship Council and in consultation with the Partnership’s Sustainable Aquaculture Working Group, to strengthen sustainable growth in aquaculture.
In October 2023, Nestlé has announced the launch of exciting new innovations: a range of plant-based alternatives to white fish. The products which include alternatives to breaded fish fillets, nuggets, and fingers, stand out for their strong nutrition credentials, as well their great taste and texture that is close to white fish. They are also certified vegan.
Key Target Audience
Manufacturers of Fish Food, Suppliers of Fish Food, Wholesalers, Distributors, and Retailers of Fish Food, Research and Development (R&D) Companies, Research Organization, Federal Agencies 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.