Aquafeed Market Research Report
Global Aquafeed Market by Ingredient, By Additives and by region
The GMI Research projects that the Aquafeed Market will encounter an acceleration in demand over the forecast period. This is because of their assistance to ameliorate production and growth and offer required nourishment to the body.
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Introduction of the Aquafeed Market
Aquafeeds are comprised of a blend of various ingredients. These mixtures are composed depending upon the needs of the species and their age. They help to serve the nutritional requirements of animals required to carry out physiological functions and maintain an excessively efficient immune and reproduction system. Aquafeed has gained immense prominence in the aquaculture industry, meeting with its features such as immune resilience, nourishment, and growth-elevating properties.
Key Players of Market:
- Purina Animal Nutrition LLC
- ADM
- Ridley Corporation Limited
- Cargill, Incorporated
- Nutreco
- BioMar
- Aller Aqua A/S
- Nutriad
- Norel S.A
- Biomin Holding GmbH
Aquafeed Market Dynamics
The factors accumulating the global aquafeed market size include the expansion in aquaponics production, accelerating consumption of seafood, and the mounting trade. Also, with the augmenting demand for food rich in protein, the market has substantially ameliorates. Further, aquafeed helps prevent viral outbursts such as fin rot, fish dropsy, and ammonia poisoning, which are common fungal and bacterial infections. Moreover, the aggravating demand for organic additives of vitamins and feed acidifiers to restrain cross-contagion and diseases such as listeria, vibrio, and salmonella are further impelling the Aquafeed Market Size.
Besides this, the abundance of amino acid, omega 3, and protein in aquafeeds support the healthful growth of fish as well as minimizes the chances of bacterial and fungal diseases. Simultaneously, the increasing consciousness towards health benefits concerned with fish or other species consumption has raised the market demand.
Ingredient Segment Drivers
The market is sectioned into corn, soybean, fish oil, fishmeal, additives, and other ingredients based on the ingredient. Amongst which, soybean is projected to bolster at a faster growth over the coming years. This is because of the economical price of soybean meal over other fishmeal's. Some standard soybean products are dehulled soybean, solvent-extracted, and heat-processed full-fat soybean. Also, Soy protein offers nourished blooming and development to shellfish and farm-reared fish, which is driving the Aquafeed Market Opportunities.
Geographical Drivers
Based on the regional coverage, Asia-Pacific is anticipated to seize a prominent share in the market over the coming years. This is because China in the APAC region is the largest supplier, processor, and consumer of aquaculture products with the highest contribution to the world supply. In addition, fish farming is convenient in this area because of the longevity of species and the quality water enclosed in farm systems. Thus, the aggravated rate of fish farming offers extensive supply to fulfil the demand is supplementing the Aquafeed Market Share.
Aquafeed Market Segmentation:
Segmentation by Ingredient
- Soybean
- Soybean meal
- Soy oil
- Soy lecithin
- Corn
- Corn gluten meal
- Corn gluten feed
- Corn oil
- Fishmeal
- Fish Oil
- Additives
- Other Ingredients
Segmentation by Additives
- Amino Acids
- Vitamins & Minerals
- Prebiotics & Probiotics
- Enzymes
- Antibiotics
- Antioxidants
- Other Additives
Segmentation by Species
- Fish
- Tilapia
- Salmon
- Carp
- Trout
- Other Fish Species
- Crustaceans
- Shrimp
- Crabs
- Krill
- Other Crustaceans
- Mollusks
- Oysters
- Mussels
- Other Mollusks
- Other Species
Segmentation by Form
- Dry Form
- Wet Form
- Moist Form
Segmentation by Lifecycle
- Grower Feed
- Finisher Feed
- Starter Feed
- Brooder Feed
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
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