Global Aquafeed Market to Witness Impressive Growth, Revenue to Surge to USD 278.6 Billion By 2028

23-May-2021 | Zion Market Research

The global Aquafeed market accounted for USD 126.8 Billion in 2020 and is expected to reach USD 240.4 Billion by 2028, growing at a CAGR of around 7.9% between 2021 and 2028.

The report covers forecast and analysis for the aquafeed market on a global and regional level. The study provides historic data from 2016 to 2020 along with a forecast from 2021 to 2028 based on both volume (Million tons) and revenue (USD billion). The study includes drivers and restraints of the aquafeed market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the aquafeed market on a global level.

In order to give the users of this report a comprehensive view on the aquafeed market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the aquafeed market has also been included. The study encompasses a market attractiveness analysis, wherein source and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the aquafeed market by segmenting the market-based, end-user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Based on the source, aquafeed market can be segmented into soybean, fishmeal, fish oil, corn, additives, & others. The aquafeed market is segmented on the basis of different end-use such as mollusks, carp, crustaceans, carp, tilapia, catfish, salmon, and other aquafeed. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil.

The marketplace for aquafeed in Asia-Pacific registered a share of over 60% of the general consumption in 2016. This growth is especially attributed to increasing aquaculture production and growing seafood consumption during this region. Europe is anticipated to point out noticeable growth due to the presence of favorable regulations and rules. In 2015, Norway constitutes large chunk market share the entire European aquafeed market thanks to high demand for salmon fish feed. Latin America is another key important regional market and is predicted to witness substantial growth within the forecast period.

The global aquafeed market is fragmented in nature with a large number of medium and small scale aquafeed manufacturers across the globe. Key players present in this market include Alltech Inc, Biomar, Ridley, Aller Aqua, Dibaq Aquaculture, Nutreco N.V., Addcon Group GmbH, Cargill Incorporated, Cermaq ASA and Biomin. Some of the major players used acquisition and joint venture and expansion into emerging economies as key strategies for market growth. For instance, in 2015, Cargill signed joint venture agreement with Naturisa SA to develop a shrimp feed facility in Ecuador.

Browse the full Aquafeed Market By Source (Soybean, Fishmeal, Fish Oil, Corn, Additives, & Others) By End-User (Mollusks, Carp, Crustaceans, Carp, Tilapia, Catfish, Salmon, And Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast,  2020 – 2028.” Report at https://www.zionmarketresearch.com/report/aquafeed-market

This report segments the global aquafeed market as follows:

By Source

  • Soybean
  • Fishmeal
  • Fish oil
  • Corn 
  • Additives
  • Others 

By End User

  • Crustaceans
  • Carp
  • Tilapia
  • Catfish
  • Salmon
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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