Aquaculture Feed Market By type (Mash Feed, Pellet Feed, Expanded Feed, and Others), By Application (Fish Feed, Shrimp Feed, Crab Feed, and Others), and Regional Forecast to 2033

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AQUACULTURE FEED MARKET OVERVIEW

The global aquaculture feed market was valued at USD 31.46 billion in 2024 and is projected to touch USD 37.18 billion by 2033, exhibiting a CAGR of 3.4% during the forecast period.

It provide the user with a lot of features that make this particular product service work efficiently and effectively. The market for feed for aquatic animals, such as fish, shrimp, and crabs, is known as aquaculture feed. Plants, grains, and fish oil are among the primary components used to make the feed. This factor has augmented the Aquaculture Feed Market growth.

Prosperity has been observed for this particular product market with amusing numbers. The anticipated rate of growth for this particular product service is due to quality level of assurance. A lot of growth has been observed in the recent times because of this particular factor that contributed and also acted as a catalyst to the overall development of the product market. Demand for the product is expected to be driven by its growing use in the production of a variety of aquatic species, including salmon, carp, tilapia, and catfish. Due to the existence of numerous firms, including BioMar Group, Cargill, Inc., and Charoen Pokphand Foods PCL, the global sector is extremely fragmented. These market participants are concentrating on partnerships, portfolio expansions, mergers and acquisitions, and teamwork in order to bolster their position along the value chain. It is therefore expected that this will drive market expansion during the projection period.

COVID-19 IMPACT

"Market Growth Obstructed by Pandemic due to Lockdown"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to services. Therefore, a small influence from COVID-19 is anticipated on the Aquaculture Feed Market share.

LATEST TREND

"Contemporary Technology to Drive Market Growth"

This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over. The latest trend has been profiting this particular trend for a really long time now. Due to the increase in fish farming activities, the industry is anticipated to grow rapidly. A new trend in the sector is the growing preference among manufacturers for natural and organic feed products. The market for plant-based aquafeed is expected to be driven by this in the upcoming years. Both contemporary technology-driven techniques and conventional methods are used in the production of these aquafeed products. Despite its poor speed and lack of efficacy, the old approach is still commonly employed. Production methods differ based on consumer needs and demands in both domestic and international markets. A lot of specifications have been made to this particular product which has benefited the market growth. A latest trend has been witnessed to proliferate the market growth.

AQUACULTURE FEED MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Mash Feed, Pellet Feed, Expanded Feed, and Others.

• Mash Feed: Not much helpful but it has been observed that this segment has contributed to the overall shares development system for this particular product market services. In the aquaculture feed industry, mash feed is a kind of fish feed that is a finely ground mixture of ground ingredients; it is essentially a straightforward, evenly mixed blend of nutrients that aren't compressed into pellets, giving it a loose, crumbly consistency that fish can easily eat. This segment is considered to be a leading segment of this particular product market service.

• Pellet Feed: A meal or medication that has a small, cylindrical, rounded, or spherical body is referred to as a pellet. The different kinds of ingredients include corn, soybeans, fish oil, fishmeal, additives, and more. This particular segment is quite efficient and also is considered to be most beneficial for the market.

• Expanded Feed: In the aquaculture feed industry, expanded feed is a kind of fish feed that is made especially to expand when it comes into contact with water. This increases the feed's volume and makes it easier for fish to eat, especially for smaller fish fry or species that need a larger surface area to eat efficiently.

By Application

Based on application, the global market can be categorized into Fish Feed, Shrimp Feed, Crab Feed, and Others

• Fish Feed: This particular has been recorded to be the most profitable segment for the stated market product service and its shares and revenues systems. Soy sauce can be used in the kitchen as a marinade, condiment, and cooking component. It is an essential item in kitchens all around the world.

• Shrimp Feed: It is considered to be a leading segment of this market. Fish raised for aquaculture consume a well-balanced diet of nutrients. It is designed to support normal development and growth. Both pellet and granule forms of fish feed are available. Not to mention but this particular segment has actually risen the share and revenue numbers for the market.

• Crab Feed: In aquaculture farms, crabs are fed a particular kind of aquaculture feed called crab feed. A number of components, such as shrimp meal, squid meal, fish meal, and other additives, can be used to make it.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

"Feed Industry To Boost the Market"

This is the major factor attributing the growth of this particular market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it. This particular product market has touched new levels of lucrative revenue numbers and has also recorded to be the boon for this particular product market growth. The market for aquaculture feed premix is expected to grow due to a number of important factors, including rising precision nutrition trends among feed manufacturers, rising demand for compound feed in the feed industry, growing awareness of animal nutrition among farmers, and rising consumption of compound feed and preferences for standardized meat products as a result of disease outbreaks. This particular growth factor has also been creating opportunity for success of this market product market path. These factors are anticipated to drive the market growth in the present times and also during the forecast period.

"Rising Wealth to Expand the Market"

This is the second major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. These factors are anticipated to drive the market growth during the forecast period. The market is expanding at a medium rate and is currently in a growth stage. This particular factor has been proved to be a boon for this particular product market. The market for aquaculture feed premix is expected to grow during the estimated timeframe mentioned above due to rising investment in technological advancement and growing concerns about the health and well-being of animals. Aquaculture and fisheries output have increased globally due to urbanization, population growth, and rising wages in emerging countries. Increased eating of fish and other seafood at the expense of staple foods is positively correlated with revenue level and consumption of animal protein. The world's consumption of fish is increasing more quickly than its population due to factors including urbanization and rising wealth.

Restraining Factor

"High Cost of Raw Materials to Impede Market Growth"

These particular solutions have been very helpful yet extremely costly as well. This particular restraining factor has caused the revenue numbers to impede with extremely low yields and declining the sales and demand for this market. This particular factor is anticipated to restrain the market growth and drastically reduce the sales and demands of this particular product market. Strict regulations, an antimicrobial restriction, and the high cost of feed ingredients will probably operate as market barriers to the aquaculture feed premix's expansion during the previously stated anticipated period. Feed and livestock chain sustainability, as well as the bioavailability, stability, and mixability of feed premix components, will be the main obstacles to market expansion. The market growth rate would also be hampered by high establishment and research & development expenditures. The market growth rate will be disrupted once more by fluctuations in raw material prices.

Opportunity

"Technological Advancements To Create Opportunity for the Product in the Market"

This particular opportunity has been attributing the market growth immensely. This opportunity has been creating a path for easy success for this particular market segment if seized on time. When it comes to direct human consumption, fish is more common than other meats like cattle and poultry. This increase is a result of the availability of different fish in the retail market as well as the numerous health advantages they offer, including improving children's cognitive development, lowering body fat levels, and helping to lower the risk of cardiovascular diseases. Similarly, it is anticipated that an increase in per capita income, particularly in developing countries, will sustain the aquafeed industry's growth. These businesses must differentiate themselves in the market by offering innovative goods and services if they want to compete.

Challenge

"High Initial Investment Could Be a Potential Challenge for Consumers"

This particular factor has been drastically challenging for the market growth and has become another major restraining factor. Rapid technological change is one of the main obstacles, requiring constant innovation and R&D expenditures. This particular factor has been proved to be a bane for this industry which has in terms affected the shares and revenue systems for this particular market drastically on a global level.

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AQUACULTURE FEED MARKET REGIONAL INSIGHTS

• North America

The North American region has augmented a lot in the past few years in this particular product market. The United States Aquaculture Feed Market has anticipated to augment immensely over the forecast period. This particular region is actually growing a lot and is anticipated to augment more over the years.

• Europe

The European market for this particular market has been accounted for attributing the over all global shares for this particular product service market. Europe is probably going to grow. Europe is not far behind North America.

• Asia

Asia-Pacific is anticipated to expand at the fastest rate during the projection period due to a rise in the demand for cutting-edge technologies. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue. The Asia-Pacific area is anticipated to grow. This particular region is actually growing a lot and is anticipated to augment more over the years. During the forecast period, this trend is expected to continue, propelling more growth.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Aquaculture Feed Companies

• Nutreco (Netherlands)
• Haid Group (China)
• Tongwei Group (China)
• BioMar (Denmark)
• Cargill (U.S.)

KEY INDUSTRY DEVELOPMENT

November 2022: This particular company has attributed the market growth in terms of revenue and shares system. In Vietnam, Skretting established Lotus II, a new fish feed facility. With two separate lines, the fish feed facility can produce 100,000 tons annually. This particular development and investment the global market has been recorded to be a boon for the market growth.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change market affecting the forecasting period. With detailed studies done, it also offers a comprehensive.