Global Aquafeed
Market Report
2024
Aquafeed market size is USD 61.8 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global aquafeed market size is USD 61.8 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Aquafeed Market Sales Revenue 2024 | $ 61.8 Billion |
Global Aquafeed Market Sales Revenue 2030 | $ 261.1 Billion |
Global Aquafeed Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.3% |
Market Split by Ingredient |
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Market Split by Additives |
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Market Split by Species |
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Market Split by Form |
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Market Split by Lifecycle |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Aquafeed industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Aquafeed Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Aquafeed refers to the specially prepared meal made for aquatic animals. It is made to satisfy the unique dietary requirements of different fish and shellfish species raised in aquaculture. For aquaculture enterprises to remain healthy, thrive, and be productive overall, aquafeed is necessary. The primary factors propelling the aquafeed market are the growing consumer demand for premium seafood, improvements in aquaculture techniques, and developments in feed solutions. In addition, one of the main factors is the creation of sophisticated feed formulas that enhance feed efficiency, growth rates, and nutrient absorption. The market has steady growth prospects due to the increasing popularity of aquafeed, which contains beneficial components. Furthermore, it is projected that rising fish consumption worldwide will fuel an expansion in the seafood trade and drive the global industry. Furthermore, laws that guarantee the safety and quality of aquafeed help comfort people about the caliber of farmed seafood, which is also growing in demand in the market in the coming years.
Raising the Production of Aquafeed - Aquafeed output is growing to meet the growing demand for fish due to population increase and rising per capita seafood consumption around the world. Because of this expansion, there is a clear demand for aquafeed to maintain a healthy and sustainable fish population, which is driving the market growth.
The expansion of the market has been spurred by growing customer consciousness regarding the health advantages of aquafeed.
One key factor restraining the growth of the aquafeed market is the increasing concern about its environmental effects, and strict laws controlling the aquafeed and aquaculture sectors might be difficult to follow.
The aquafeed market growth is hindered by rising raw material costs and the requirement for more environmentally friendly methods.
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In April 2024, Sustell, the industry leader in nutrition, health, and beauty, and DSM-Firmenich will announce their first-ever strategic partnership. Deloitte is a globally recognized professional services firm that will help address the growing need for environmental accountability and create new opportunities for sustainability throughout the animal protein value chain.
Top Companies Market Share in Aquafeed Industry: (In no particular order of Rank)
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Global Aquafeed Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aquafeed Industry growth. Aquafeed market has been segmented with the help of its Ingredient, Additives Species, and others. Aquafeed market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Aquafeed market.
Ingredient of Aquafeed analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aquafeed Industry. Request a Free Sample PDF!
According to Cognitive Market Research, amino acids are the dominant category because of their benefits, which include boosting immunity, raising larval performance, maximizing fish metabolic transformation efficiency, raising resistance to environmental stressors, regulating reproductive effectiveness and timing, and increasing the flavor and texture of fillets when added to aquafeed. Antibiotics are another common component of aquafeed, in addition to amino acids. They increase general health, which fosters greater growth, and they are employed to increase output and efficiency.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Aquafeed market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the rising manufacturing of aquaculture brought on by rising seafood consumption and a growing preference for herring production. In addition, the abundance of natural resources in the area, the availability of inexpensive labor, and conditions that encourage aquafeed growth will all contribute to the rise in this region.
Asia-Pacific stands out as the fastest-growing region in the aquafeed market because the rate of fish production has increased dramatically. Therefore, numerous prominent firms in the global industry are growing their operations in China and India. In addition to the region’s expanding middle class and governments that actively encourage the aquaculture industry, people are consuming more seafood because they believe it to be healthier. One reason for this market growth in this region is the rapid adoption of innovative aquafeed solutions.
The current report Scope analyzes Aquafeed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aquafeed Market is witnessing significant growth in the near future.
In 2023, the Soybean segment accounted for noticeable share of global Aquafeed Market and is projected to experience significant growth in the near future.
The Antibiotics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ADM (US) , Ridley Corporation Limited (Australia) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Ingredient | Soybean, Corn, Fishmeal, Fish Oil, Additives, Others |
Additives | Antibiotics, Vitamins & minerals, Antioxidants, Amino acids, Enzymes, Probiotics & prebiotics, Others |
Species | Fish, Crustaceans, Others |
Form | Dry, Moist, Wet |
Lifecycle | Starter feed, Grower feed, Finisher feed, Brooder feed |
List of Competitors | ADM (US), Cargill Incorpoarted (US), Ridley Corporation Limited (Australia), Nutreco (Netherlands), Alltech (US), Purina Animal Nutrition (US), Adisseo (Belgium), Aller Aqua A/S (Denmark), Biomin (Austria), Biomar (Denmark), Norel Animal Nutrition (Spain), Avanti Feeds Limited (India), De Heus Animal Nutrition B.V (Netherlands), Novus International (US), Biostadt India Limited (India), Waterbase Limited (India), Marubein Nisshin Feed Co. Ltd (Japan), Marvesa (Netherlands), Beneo (Germany), Japfa Comfeed (Indonesia), CPF PLC (Thailand), Growel Feeds (India), Sonac (Netherlands), Kent Feeds (US), LifeCircle Nutrition (Switzerland) |
This chapter will help you gain GLOBAL Market Analysis of Aquafeed. Further deep in this chapter, you will be able to review Global Aquafeed Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Aquafeed Market Trends North America Aquafeed Technological Road Map North America Aquafeed Market Drivers North America Aquafeed Market Restraints North America Aquafeed Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Ingredient Analysis 2019 -2031, will provide market size split by Ingredient. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Ingredient Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Additives Analysis 2019 -2031
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Chapter 12 Market Split by Species Analysis 2019 -2031
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Chapter 13 Market Split by Form Analysis 2019 -2031
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Chapter 14 Market Split by Lifecycle Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aquafeed market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Soybean have a significant impact on Aquafeed market? |
What are the key factors affecting the Soybean and Corn of Aquafeed Market? |
What is the CAGR/Growth Rate of Antibiotics during the forecast period? |
By type, which segment accounted for largest share of the global Aquafeed Market? |
Which region is expected to dominate the global Aquafeed Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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