Aquatic Feed Market

Aquatic Feed Market Size & Growth (2022 - 2027):

The aquatic Feed Market was worth USD 130.4 billion in 2021 and is estimated to be growing at a CAGR of 10.2%, to reach USD 209.7 billion by 2026. A major important part of running successful commercial aquaculture is the selection of the right manufactured feeds that provide the balanced nutrition required by fish. The feed may be either granular or in the form of pellets and are essential in providing the fish with a balanced diet within their enclosures where their natural food sources may be absent.

Wheat is being used as a major ingredient in all aquatic feed due to its binding property for holding the pellets together. As for the carnivorous species of fish such as salmon, trout, and turbot, fishmeal and fish oil are the major components for making the feed. Other key ingredients in fish feed include vegetable proteins, vitamins, minerals, and cereal grains. 

Drivers and Restraints:

The major factors affecting the Aquatic Feed market include the rising populations, the rise in income leading to increased demand for seafood, the rapid urbanization, and a strong expansion of the seafood production industry aided by technological advancements making for better distribution and storage. The market is also bolstered by the rise in demand for natural health supplements of which omega-3 fatty acids derived from certain species of fish are a major component. The soaring prices of materials needed for aquatic feed production are one of the restraints of the market along with the fact that the industry is profitable only with large-scale production.

AQUATIC FEED MARKET REPORT COVERAGE:

Market Segmentation:

Aquatic Feed Market – By Ingredient:

• Soybean

• Corn, Fish Meal
• Fish Oil
• Additives
• Others

Aquatic Feed Market – By Additive Type:

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acids
• Feed Enzymes

• Feed Acidifiers
• Other Additives

Aquatic Feed Market – By End User:

• Fish Feed
• Tilapia
• Salmon
• Carp
• Catfish Feed

Aquatic Feed Market – By Molluscs:

• Oyster Feed
• Mussel Feed

Aquatic Feed Market – By Crustaceans:

• Shrimp Feed
• Crab Feed
• Others

Aquatic Feed Market- Geographical Analysis:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The Aquatic Feed Market is dominated by the Asia Pacific in 2016 with the region accounting for almost 60% of the overall market share. North America was next in line followed by Europe. Asia Pacific is also expected to grow rapidly in the coming years as is evident from the high CAGR value for the region

Key Players:

The Aquatic Feed market is highly competitive with a large number of players. Key market players dominating the market with their products are Cargill Inc, BioMar group, Waterbase Ltd, BASF SE, Alltech Inc, Coppen International, Evonik Industries, Archer Daniels Midland Company, Ridley Corporation, Nutreco NV, Avanti Feeds Ltd, and Ewos.