Press Release / Business / Aquafeed Market Industry Outlook, Growth Prospects and Key Opportunities up to 2024

Aquafeed Market Industry Outlook, Growth Prospects and Key Opportunities up to 2024

Aquafeed provides a balance nutrition to fish and and plays a significant role in the commercial aquaculture industry. It is available in various forms including pellets, granular, powder and liquid and is a key element in the growth of fish.

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Analysis of Aquafeed Market:
The global aquafeed market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the market. The global aquafeed market is primarily driven by increasing import & export and demand for fish globally. Moreover, rising awareness of fish as a part of healthy & nutritional diet and increasing research & development in the field of fare factors are anticipated to fuel the aquafeed market during the projected period.

Report Analysis by Ingredient:
Soybean, Corn, Fish Meal, Fish Oil, Additives and others.
The soybean segment is projected to be the fastest-growing segment in the aquafeed market. This growth is attributed to easy availability and available commercially at low price as compared to other ingredients.

Report Analysis as end user Point of view:
Aquafeed Market bifurcated into fish, mollusca, crustaceans and others. The fish segment is further divided into tilapia feed, salmon feed, carp feed and catfish feed. Mollusks includes oyster feed and mussel feed. Likewise, crustaceans include shrimp feed and crab feed.

Report Analysis by Additives:
Global aquafeed market is bifurcated into, antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others. Other feed additives include acidifiers and probiotics & prebiotics. Feed additives are food supplements added to the poultry feed to ensure that the animals get enough nutrients from regular meals.

Report Analysis by Geography:
North America, Europe, Asia Pacific and Rest of the world.

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Leading Partners of Aquafeed:
Archer Daniels Midland Company, Ridley Corporation Limited, Avanti Feeds Ltd, Nutreco N.V, Cargill, Incorporated, Purina Animal Nutrition (Land O’ Lakes Inc.), Alltech, Biostadt India Limited, Nutriad, Aller Aqua Group, BioMar Group, Biomin Holding GmbH, Dibaq a.s., Norel S.A, DE HEUS.

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