Commercial Aquafeed Market was worth USD 120.9 billion in 2020 and estimated to be growing at a CAGR of 8.58%, to reach USD 190.0 billion by 2025.
Manufactured feeds are a significant part of the modern aquaculture industry. They provide the balanced nutrition needed by farm fish. The feeds are available in the form of granules or pellets, and provide the nutrition in a stable and concentrated form, enabling the fish to feed efficiently and grow up to their full potential.
Many of the fish brought up in farms around the world today are carnivorous, such as the Atlantic salmon, trout, sea bass, and turbot. In the early development of fish feeding which has hence evolved into modern aquaculture, fishmeal and fish oil were key components of the feeds for these species. They are combined with other ingredients such as vegetable proteins, cereal grains, vitamins, and minerals and made into feed pellets. Wheat, for example, is widely used as it helps to bind the ingredients in the pellets.
The growth of the caseinate market is mainly driven by factors such as population growth, rising disposable income, and rapid urbanization, and is facilitated by the strong expansion of fish production and more efficient distribution channels. As for the restraints of the market, large scale storage of the same for farms is still a problem and the high costs are also turn-offs for the market. The industry has to come up with innovative solutions for these problems in order for the market to grow freely.
Market Segmentation:
The Global Commercial Aquafeed market is broadly classified by End User into Fish, Molluscs, and Crustaceans, and based on Ingredients into Soybean, Corn, Fish Meal, Fish Oil and Additives, by Additive into Antibiotics, Vitamins, Anti-Oxidants, Amino Acids, Feed Enzymes, and Feed Acidifiers.
Based on geography, the global market is analyzed under various regions namely
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
The Commercial Aquafeed Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in the coming years.
Major Key Players:
The Commercial Aquafeed market is highly competitive with a large number of players. Key market players dominating the market with their products are Archer Daniels Midland Company, Ridley Corporation Limited, Cargill, Nutreco N.V, and Avanti Feeds Ltd.; these are well-established and financially stable players that have been operating in the industry for several years. Other players include Purina Animal Nutrition LLC, Nutriad, Alltech, Biostadt India Limited, Aller Aqua A/S, Biomar, BIOMIN Holding GmbH, Norel Animal Nutrition, Dibaq A.S, and De Heus Animal Nutrition.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 End User
5.1.1 Introduction
5.1.2 Fish
5.1.3 Molluscs
5.1.4 Crustaceans
5.1.5 Y-o-Y Growth Analysis, By End User
5.1.6 Market Attractiveness Analysis, By End User
5.1.7 Market Share Analysis, By End User
5.2 Ingredient
5.2.1 Introduction
5.2.2 Soybean
5.2.3 Corn
5.2.4 Fish Meal
5.2.5 Fish Oil
5.2.6 Additives
5.2.7 Y-o-Y Growth Analysis, By Ingredient
5.2.8 Market Attractiveness Analysis, By Ingredient
5.2.9 Market Share Analysis, By Ingredient
5.3 Additive
5.3.1 Introduction
5.3.2 Antibiotics
5.3.3 Vitamins
5.3.4 Anti-Oxidants
5.3.5 Amino Acids
5.3.6 Feed Enzymes
5.3.7 Feed Acidifiers
5.3.8 Y-o-Y Growth Analysis, By Additive
5.3.9 Market Attractiveness Analysis, By Additive
5.3.10 Market Share Analysis, By Additive
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By End User
6.1.3.3 By Ingredient
6.1.3.4 By Additive
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By End User
6.1.4.3 By Ingredient
6.1.4.4 By Additive
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By End User
6.1.5.3 By Ingredient
6.1.5.4 By Additive
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Archer Daniels Midland Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Ridley Corporation
8.3 Cargill
8.4 Nutreco
8.5 Avanti Feeds
8.6 Nutriad
8.7 Alltech
8.8 Biostadt
8.9 Aller Aqua
8.10 Biomar
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
