The global aquafeed market is anticipated to reach market size of around US$ 72,000 Mn by 2027 and is anticipated to grow at a CAGR of around 7.2% in terms of revenue during the forecast period 2020 – 2027.
Animal protein production is the fastest growing market. In aquaculture, aquafeeds are a significant segment. Aquaculture is mainly concerned with supplying high quality aquafeed. Aquafeed is a combination of different types of ingredients and raw substances. This preparation is prepared for various marine species and the age of the animal.
Market Insights
Growing public awareness of the health of people and increased prevalence of diseases such as diabetes, blood pressure, heart attacks and obesity in the population drives consumers to eat a protein-rich diet that encourages demand growth. Knowledge of the value of omega-3 in everyday diets will foster developments in the industry. Increased appetite for raw fish foods like sushi would boost the demand for goods further. The market share would possibly be strengthened with improved nutritional benefits such as increased feed palatability, food intakes and increased digestion and absorption by incorporating fish meal to animal feeding. Aquafeeds are predicted to have extraordinary properties, such as improving the protein quality, consistent distribution of components and balanced development of aquatic cultural animals. In addition, aquafeed decreases the risk of pathogens in different species and stimulates the edible growth in food dishes on the aquafeed market. One of the key reasons for the high adoption rate between fishery owners of aquafeed is the growing distribution of foodborne diseases induced by the ingestion of infected seafood. However, anchovy capture variations due to the El-Nino phenomena and other environmental changes may have an detrimental effect on the aquaculture industry. In addition, the introduction of strict rules which limit fisheries activity is to some extent expected to decrease market demand. Fish meal price fluctuations can further influence the size of the market.
Asia Pacific was the industry leader and generated over 40.0 percent of world sales in 2019, with the projected future lead. Aquaculture production is anticipated to stimulate demand for the commodity over the forecast period in the region, primarily in China, as well as factors such as ease of fish farming, species longevity and better water quality within closed agricultural systems. As one of the biggest saumon manufacturers, Europe has emerged as the second-largest buyer. In nearly all European countries, salmon are rising, particularly in moderate-climate coastal areas, which are projected to have a positive effect on market growth over the forecast period. In the interior, growing demand for salmon has induced anaesthetic and sedation materials to rise during shipping, thus driving demand for additional. Aquaculture is based in Chile, Brazil, Mexico, and Ecuador in Central and South America. As of 2019, over 80% of the regional aquaculture output was made up of these countries. The region's aquaculture industry contributes to job growth, food security and production of foreign currency. Including salmonids, shrimps, tilapia, carpox and seaweed are the key aquatic species produced in the area.
Market producers concentrate on backward integration, expanding their product range and enhancing and regulating final product consistency. The backward integration of the supply chain will result in increased profit margins for producers because they are in a position to deliver high-quality aquafeed supplements, decrease distribution costs and increase commodity price control. Herstellers are also capable of a reliable and cost-effective manner of creating, shipping and selling the finished goods. Among others, Alltech, BioMar, Cargill, Integrated, Aller Aqua A / S, Ridley Company, Beneo GmbH, Cermaq, Biomin Holding GmbH, Norel Animal Nutrition Ltd., Archer Daniels Midland (ADM), among others are significant players in the aquafeed industry, such as Alltech.
The global aquafeed market is segmented as below:
Market Segmentation
Aquafeed Market By End Use
Fish
- Carp
- Salmon
- Tilapia
- Catfish
- Others
Mollusks
Crustaceans
Others
Aquafeed Market By Additives
Vitamins
Minerals
Antioxidants
Amino Acids
Enzymes
Acidifiers
Binders
Aquafeed Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Aquafeed
1.1. Definition and Scope
1.1.1. Definition of Aquafeed
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Aquafeed Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Aquafeed Market By End Use
1.2.3. Aquafeed Market By Additives
1.2.4. Aquafeed Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Additives
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio And Market Maturity Analysis of Aquafeed Market
3.5.1. Go To Market Strategy
3.6. Technological Roadmap for Aquafeed Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date Global for Aquafeed Major Manufacturers in 2019
4.2. R&D Status and By Additives Additives of Global Aquafeed Major Manufacturers in 2019
CHAPTER 5. Aquafeed Market By End Use
5.1. Introduction
5.2. Aquafeed Revenue By End Use
5.2.1. Aquafeed Revenue (US$ Mn) and Forecast, By End Use, 2016-2027
5.2.2. Fish
5.2.2.1. Fish Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.1.1. Carp
5.2.2.1.1.1. Carp Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.1.2. Salmon
5.2.2.1.2.1. Salmon Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.1.3. Tilapia
5.2.2.1.3.1. Tilapia Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.1.4. Catfish
5.2.2.1.4.1. Catfish Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.1.5. Others
5.2.2.1.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Mollusks
5.2.3.1. Mollusks Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3.1.1. Oyster
5.2.3.1.1.1. Oyster Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3.1.2. Mussel
5.2.3.1.2.1. Mussel Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3.1.3. Others
5.2.3.1.3.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Crustaceans
5.2.4.1. Crustaceans Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4.1.1. Shrimp
5.2.4.1.1.1. Shrimp Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4.1.2. Crab
5.2.4.1.2.1. Crab Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4.1.3. Others
5.2.4.1.3.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Others
5.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Aquafeed Market Revenue By Additives
6.1. Introduction
6.2. Aquafeed Revenue (US$ Mn) By Additives
6.2.1. Aquafeed Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
6.2.2. Vitamins
6.2.2.1. Vitamins Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Minerals
6.2.3.1. Minerals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Antioxidants
6.2.4.1. Antioxidants Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Amino Acids
6.2.5.1. Amino Acids Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Enzymes
6.2.6.1. Enzymes Acids Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.7. Binders
6.2.7.1. Binders Acids Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. North America Aquafeed Market By Country
7.1. North America Aquafeed Overview
7.2. U.S.
7.2.1. U.S. Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
7.2.2. U.S. Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016-2027
7.3. Canada
7.3.1. Canada Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
7.3.2. Canada Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016-2027
7.4. North America PEST Analysis
CHAPTER 8. Europe Aquafeed Market By Country
8.1. Europe Bioanlytical Testing Services Market Overview
8.2. U.K.
8.2.1. U.K. Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.2.2. U.K. Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016-2027
8.3. Germany
8.3.1. Germany Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.3.2. Germany Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016-2027
8.4. France
8.4.1. France Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.4.2. France Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016-2027
8.5. Spain
8.5.1. Spain Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.5.2. Spain Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016-2027
8.6. Rest of Europe
8.6.1. Rest of Europe Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.6.2. Rest of Europe Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016-2027
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Aquafeed Market By Country
9.1. Asia Pacific Aquafeed Market Overview
9.2. China
9.2.1. China Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.2.2. China Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
9.3. Japan
9.3.1. Japan Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.3.2. Japan Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
9.4. India
9.4.1. India Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.4.2. India Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
9.5. Australia
9.5.1. Australia Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.5.2. Australia Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
9.6. South Korea
9.6.1. South Korea Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.6.2. South Korea Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.7.2. Rest of Asia-Pacific Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Aquafeed Market By Country
10.1. Latin America Aquafeed Market Overview
10.2. Brazil
10.2.1. Brazil Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.2.2. Brazil Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
10.3. Mexico
10.3.1. Mexico Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.3.2. Mexico Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
10.4. Rest of Latin America
10.4.1. Rest of Latin America Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.4.2. Rest of Latin America Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 – 2027
CHAPTER 11. Middle East & Africa Aquafeed Market By Country
11.1. Middle East & Africa Aquafeed Market Overview
11.2. Saudi Arabia
11.2.1. Saudi Arabia Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.2.2. Saudi Arabia Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
11.3. UAE
11.3.1. UAE Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.3.2. UAE Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Aquafeed Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.4.2. Rest of Middle East & Africa Aquafeed Market Revenue (US$ Mn) and Forecast By Additives, 2016 - 2027
CHAPTER 12. PLAYER ANALYSIS OF STROKE MANAGEMENT
12.1. Aquafeed Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Additives Launches and Additives Enhancements
12.2.3. Mergers And Acquisition In Global Aquafeed Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1. Aller Aqua A / S
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2019
13.1.3.2. Aller Aqua A / S 2019 Aquafeed Business Regional Distribution
13.1.4. Additives/ Service and Specification
13.1.5. Recent Developments & Business Strategy
13.1.6. Manufacturing Plant Footprint Analysis
13.2. Alltech
13.3. BioMar
13.4. Cargill
13.5. Incorporated
13.6. Ridley Corporation
13.7. Beneo GmbH
13.8. Cermaq
13.9. Biomin Holding GmbH
13.10. Norel Animal Nutrition
13.11. Avanti Feeds Ltd.
13.12. Archer Daniels Midland (ADM)
13.13. Others
![Aquafeed Market (By End Use: Fish [Carp, Salmon, Tilapia, Catfish, Others], Mollusks [Oyster, Mussel, Others], Crustaceans [Shrimp, Crab, Others], Others; By Additives: Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027](assets/images/format-png.png "Aquafeed Market (By End Use: Fish [Carp, Salmon, Tilapia, Catfish, Others], Mollusks [Oyster, Mussel, Others], Crustaceans [Shrimp, Crab, Others], Others; By Additives: Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027")
