Warm Water Aquaculture Feed Market

Global Warm Water Aquaculture Feed Market Size (2022 - 2027)

The Global Warm Water Aquaculture Feed Market was worth US$ 42.25 billion in 2021, and it is estimated to reach a valuation of US$ 52.2 billion by the end of 2027, expanding at an annual growth rate of 3.6% between 2022 and 2027.

The Warm water aquaculture feed is compounded meal that is formulated for fishes, shrimps, crustaceans, etc. by mixing various raw materials such as soybean, corn, sunflower, fish meal, fish oil, etc.

The warm water aquaculture feed is specially designed for the nutritional needs of warm water lives. This feed includes all the essential nutrients needed by the fish to keep them healthy and growing. This feed usually is within the sorts of dried pellets. Like other animals, fish and other varieties of marine also require essential nutrients so as to grow and reproduce. The essential nutrients such as amino acids, proteins, vitamins, minerals play a vital role in aquaculture feed and are given to them by mixing it into fish meal, fish oil, etc. The warm water aquaculture feed contains energy and nutrients that are essential for the growth; reproduction and health of the aquatic animals and deficiency of these nutrients lead to reduce growth as well as causes several diseases to aqua life. Therefore, the demand for warm water aquaculture feed is increasing which further boosts the growth of the market during this period.

Market Drivers:

The driving force of the Warm Water Aquaculture Feed Market is growing fish farming activities around the globe. In countries like India, China, the U.S, Indonesia, etc., fish farming activities are continuously increasing. In Addition to it, Asia-Pacific alone holds the largest market for aquaculture production which is fueling the demand for aquaculture feed in the market including warm water aquaculture feed. The increasing adoption of various types of aquaculture techniques in order to grow aqua life effectively and efficiently, which in turn, increases the demand of the aquaculture feed for the well-being of the aquaculture.

In addition to it, aqua feed plays a vital role in the growth and development as well as reproduction of aqua animals. The rising need and the growing awareness among aquaculture farmers about the importance and benefits of aquafeed are fueling the growth of the market.

Furthermore, the government of various countries is supporting aquaculture farming and also providing subsidiaries regarding the growth of aquaculture farming, which in turn, drives the growth of the aquaculture feed market including warm water aquaculture feed market.

Also, the changing diet pattern of the population i.e. increasing consumption of healthy and protein-rich food is fueling the demand for fish which further boosts the growth of the aquaculture feed market.

Market Restraints:

Fluctuations in the price of the raw material of the feed and also the stringent regulations imposed by the government on product approvals are the factors that are hindering the growth of the market.

GLOBAL WARM WATER AQUACULTURE FEED MARKET REPORT COVERAGE:

Market Segmentation:

Global Warm Water Aquaculture Feed Market - By Aquaculture Type:

• Freshwater
• Brackish water
• Marine

Based on the Aquaculture type, the Global Warm Water Aquaculture Feed Market is segmented into Freshwater, Brackish water, and Marine. The freshwater aquaculture segment is expected to dominate the market due to the increasing adoption of freshwater pond fish culture, particularly in countries like India, China, Israel, Germany, and the USA.

Global Warm Water Aquaculture Feed Market - By Species:

• Chinese Fed Carp
• Tilapia
• Catfish
• Milk Fish
• Shrimps
• Crustaceans
• Others

Based on species, the Global Warm Water Aquaculture Feed Market is segmented into Chinese fed carps, tilapia, catfish, milkfish, shrimps, and crustaceans, among others. Chinese fed Carp is dominating the warm water aquaculture feed market and has accounted for one-third of the global market owing to the hardiness, adaptability, and high feed conversion ratio of carp. However, the tilapia is expected to dominate the market during the forecast period due to the increasing consumption of tilapia species in Africa and the U.S

Global Warm Water Aquaculture Feed Market - By Feed Type:

• Fry Feed
• Grower Feed
• Brood Stock Feed
• Functional Feed
• Organic Feed
• Starters
• Others

Based on feed type, the Global Warm Water Aquaculture Feed Market is segmented into fry feed, grower feed, broodstock feed, functional feed, organic feed, starters, and others. Broodstock feed is estimated to dominate the market during the forecast period between 2022 and 2027 as broodstock nutrition is gaining importance with the increased use of domesticated and genetically selected stocks for aquaculture.

Global Warm Water Aquaculture Feed Market - By Feed Nature:

• Organic
• Conventional

Based on feed nature, the Global Warm Water Aquaculture Feed Market is segmented into Organic, Conventional. The organic segment is estimated to showcase the fastest growth rate during this period due to the rising consciousness of health among consumer’s results in increasing adoption of healthy eating practices. Additionally, the demand for organic feed for aquaculture is increasing by aquaculture farmers for the wellbeing of the fishes and also to meet the demand of the organically produced and healthy fishes.

Regional Analysis:

The Global Warm Water Aquaculture Feed Market has been categorized in four regions:

• North America
• Europe
• Asia-Pacific
• RoW (Rest of the World). 

Asia-Pacific is dominating the market and is expected to hold its position during the forecast period. Asia-Pacific region alone holds 84% of the world’s total aquaculture production and has at least 75 species of aquaculture which results in to increase in the demand for warm water aquaculture feed in this region. The adoption of aquaculture practices such as pond culture for shrimps, tilapia, catfish, milkfish; freshwater pens for crayfish, etc. is very high in this region which further fuels the demand for aquaculture feed in the market. In this region, the Chinese is the major contributor to the aquaculture production across the globe that is going to boost the growth of the warm water aquaculture feed market.

Europe is the second-largest market of aquaculture but holds a very less share i.e. 10.22% as compared to the Asia-Pacific region. The increasing adoption of salmon aquaculture in this region is fueling the demand for warm water aquaculture feed.

North America is expected to have a steady good rate during this period due to the increasing adoption of freshwater pond aquaculture is rising in this region in addition to it, the growing consumption of tilapia is fueling the demand for the warm water aquaculture feed in this region.

Leading Company:

Cargill had the largest share of the world’s warm-water aquaculture feed market in terms of sales revenue in 2020.

Covid-19 Impact on Global Warm Water Aquaculture Feed Market: 

The Global Warm Water Aquaculture Feed Market has been significantly impacted by the COVID-19 outbreak. The food systems were severely hit by pandemics due to the lockdown of several restrictions related to the movement of people and goods and have resulted in a loss to various markets as well industries in which warm water aquaculture feed market in no an exceptional. In fisheries and aquaculture, there were various socio-economic effects of the COVID-19 outbreak including changes in consumer demand, limited storage facility, drop in fish prices and partial and complete shutdown of fishing operations in some parts of countries has declined the demand for the warm water aquaculture feed that has affected the growth of the market during the period. However, the consumers have increased their focus on protein-rich food since the third quarter of 2020, therefore it is expected that the demand for fish is increasing which further fuels the demand for the warm water aquaculture feed in the market during the forecast period.

Key Players:

Some of the leading companies operating in the Global Warm Water Aquaculture Feed Market are 

1. BIOMIN Holding GmbH
2. Aller Aqua Group
3. Charoen Pokphand Foods PCL
4. Adisseo
5. Purina Animal Nutrition LLC.
6. Alltech
7. Rangen Inc
8. Than Vuong Company Ltd
9. Cargill Incorporated

Recent Developments:

• In January 2022, Nutreco has announced that it has received regulatory approval for its partnership with Unga Group Plc to form two joint ventures which are going to meet the growing demand for high-quality protein in East African Region. Through this partnership, Nutreco managed joint ventures with two indirect subsidies of Unga Group i.e. Unga Farm Care (EA) limited in Kenya and Unga Millers Limited in Uganda.                         
• In Feb 2021, Nutreco has announced that it has partnered with Proximar (A land-based fish Farming company in Norwegian) in order to establish large-scale land-based fish Atlantic Salmon farming facility in order to meet the large demand for salmon in Japan, using Recirculating Aquaculture System Technology.