The North America aquafeed market was valued at USD 50.74 billion in 2024 and is anticipated to reach USD 55.71 billion in 2025 from USD 117.70 billion by 2033, growing at a CAGR of 9.80%, during the forecast period from 2025 to 2033.
Aquafeed delivers the required nutrition for aquatic animals. Aquafeed is generally in the form of granules or pellets. They provide nutrition in a steady and concentrated form, allowing the species to feed effectively and grow to their full capacity.
Aquatic animals are a vital source of high-quality protein and consist of several vitamins and minerals. Aquatic animals such as fish contain Omega-3 fatty acids, which are heart-friendly and can make enhancements in brain development and reproduction. They are an essential food source in several countries. Aquaculture has the capacity of creating large quantities for a comparatively lower cost when compared to ruminants, fowl, or swine.
The major growth drivers in the North American Aquafeed market are the increase in fish consumption, growing consumer awareness regarding the protein content in fish food, and limited availability of marine feed resources. 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 chief factors hindering the growth of this regional market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2024 to 2033 |
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Base Year |
2024 |
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Forecast Period |
2025 to 2033 |
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CAGR |
9.80% |
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Segments Covered |
By End-Use, Additives, and Country |
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Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Country's Covered |
The United States, Canada, and the Rest of North America |
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Market Leaders Profiled |
Cargill, Inc., Nutreco N.V.V, AlltecInc.NC, AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, Coppens International B.V. |
The USA leads the market in this region and is also the major market for Aquafeed with a global share of almost 27%. This regional market is slowly growing, as massive investments are being thrust into the market, and various R&D systems and facilities have been started to enhance the market growth.
Cargill, Nutreco N.V., VV.V.V, Alltech Inc., AllerAqua A/S, Beneo GmbH, Biomar A/S, Charoen Pokphand Foods Public Company Limited, Coppens International B.V. are some of the market players dominating the North America aquafeed market.
The North American aquafeed market is segmented and sub-segmented into the following categories.
By End Use
By Additives
By Country
Frequently Asked Questions
The North American aquafeed market is expected to be valued at USD 50.73 billion in 2024
In North America, the aquafeed market is witnessing increased demand for eco-friendly and responsibly sourced aquafeed ingredients to meet consumer preferences for sustainable seafood products.
In North America, the adoption of alternative protein sources such as insect meal, single-cell proteins, and algae-based ingredients in aquafeed formulations is driving innovation and market growth.
In Canada, the aquafeed market is witnessing increased investments in research and development of sustainable feed ingredients and formulations to comply with evolving regulations for aquaculture practices.
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