NEW YORK, Dec. 2, 2021 /PRNewswire/ -- The aquaculture feed market share growth by the fish feed segment will be significant for revenue generation. The rising production of aquaculture products, such as fish, and the increasing investments in the development of new fisheries worldwide are the major factors that will drive the growth of the fish feed product segment. The aquaculture feed market is set to grow by USD 21.68 billion from 2020 to 2025. The report projects the market to progress at a CAGR of 6.92%. In addition, the report offers a detailed analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
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Aquaculture Feed Market: Driver
Increasing number of new product launches featuring innovative ingredients to drive growth
The growth of the global aquaculture feed market is being driven by the increasing number of new product launches featuring innovative ingredients. Both regional and global vendors are focusing on the usage of healthier oils and other raw materials while manufacturing their aquaculture feed products.
Aquaculture Feed Market: Challenge
Instability in the prices of aquaculture feed ingredients and additives to impede growth
The instability in the prices of aquaculture feed ingredients and additives will be a major challenge for the aquaculture feed market. Soybean, corn, fish meal, fish oil, rice, wheat, and others are some of the most commonly used ingredients for aquaculture feed. The prices of these ingredients have been witnessing a high degree of instability for the past few years, which, in turn, has been adversely impacting the prices of aquaculture feed globally.
Aquaculture Feed Market: Segmentation Analysis
This market research report segments the aquaculture feed market by Product (fish feed, mollusk feed, crustacean feed, and other aquaculture feed) and Geography (APAC, Europe, North America, South America, and MEA).
42% of the market's growth will originate from APAC. China, Vietnam, and India are the key markets for aquaculture feed in APAC. Market growth in this region will be faster than the growth of the market in the North American and MEA regions.
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Some of the key topics covered in the report include:
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Aquaculture Feed Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.92%
Market growth 2021-2025
USD 21.68 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 42%
Key consumer countries
China, Norway, US, Vietnam, India, and Spain
Leading companies, competitive strategies, consumer engagement scope
Aller Aqua AS, Alltech Inc., Archer Daniels Midland Co., Avanti Feeds Ltd., BRF SA, Cargill Inc., Charoen Pokphand Foods PCL, Land O Lakes Inc., Nutreco NV, and Schouw and Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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