Aquafeed Market

Aquafeed Market Size & Growth and Forecast 2026:

The Aquafeed Market Size was worth $133.5 Billion in 2021 and estimated to be growing at a CAGR of 10.71%, to reach $221.9 Billion by 2026.

Aquafeed is a mixture of raw materials, additives, and other supplements, sourced from either natural or synthetic sources and are fed to the aquaculture. Aquafeed is a mixture of raw materials, additives, and other supplements, sourced from either natural or synthetic sources and are fed to the aquaculture. Aquafeed additives include amino acids, vitamins, minerals, enzymes, probiotics, antibiotics, flavors, and colorants are the most common additives blended to form fish feed. Fish production in the world is mainly from both Aquaculture and Capture. Fish includes species like Tilapia, Catfish, Carp, and Salmon, etc. The dwindling natural sources and other reasons have reduced the dependence on Captured Fisheries. A large part of fish production is used for human consumption directly and a small portion is used for feed purposes. The end consumers of Aquafeed are fish, mollusks, crustaceans, etc. Tilapia is the most farmed fish, raised in 135 countries whereas Shrimp is the largest aquaculture commodity.

Aquafeed Market Drivers:

The growth of the Global Aquafeed Market is majorly driven by factors such as the growth in global fish consumption, increase in mass production of fish, growing consumer awareness regarding the protein content in the fish food, and limited availability of marine feed resources. Globally increasing population is also supporting the growth of the fish market, ultimately increasing the demand for Aquafeed. However, environmental regulations on wild, marine, and inland fisheries have made it difficult to procure important raw materials like fish meal, fish oil for feeds. The regulatory structure of the animal feeds industry which restricts the use of certain materials such as antibiotics, and increasing costs of raw materials are the main factors hindering the growth of the market.

REPORT COVERAGE:

The Aquafeed Market is segmented and sub-segmented into the following categories:

By End-Use:

• Fish
• Carp
• Salmon
• Tilapia
• Catfish
• others
• Mollusc
• Shrimp
• Crab
• others

By Crustaceans:

• Oyster
• Mussel
• others

By Additives:

• Vitamins
• Minerals
• Antioxidants
• Amino Acids
• Enzymes
• Acidifiers
• Binders

Crustaceans are further sub-segmented into oysters, Mussel, and others. Carp fish type has been observed to have the highest market share in the Aquafeed market. This is due to their abundant availability and popularity as common carp fish types are tolerant to most water conditions. Amino acids are an essential component of aquafeed with a market share of almost 21% in the total of the aquafeed market in 2018.

The market has also been geographically segmented into:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Afric

North America accounted for the largest share in the Global Aquafeed Market, accounting for around 32% of the global market. Asia-Pacific aquaculture industry is the largest in the world comprising more than one-third of the global market.

Key players:

• Cargill, Inc
• Nutreco N.V
• Alltech Inc
• AllerAqua A/S
• Beneo GmbH
• Biomar A/S
• Charoen Pokphand Foods Public Company Limited
• Coppens International B.V