Global Aquafeed Market Size is estimated to expand rapidly in coming years, at a CAGR of 7.8 % from 2018 to 2025. In 2017, the global market valuation was USD 45.6 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. In order to comply with nutrient requirements, aquafeed is classified as food prepared specifically for aquatic animals. Aquafeed is usually made with nutritious ingredients and additives and supplemented in very small quantities. Aquafeed is now available in a wide range of products because its versatility and species-specific specifications are increasingly attractive to customers.

Global Market Growth Opportunities (Revenue, Growth) By 2018-2025

Aquafeed comes from vegetable sources alone such as maize gluten meal, canola oil, the soy meal and concentrate of sunflower protein. Marine products such as fish meal and fish oil are the most common ingredient in aquafeed. Today, among the global aquafeed species, the most commonly traded and favored type of aquafeed has been extruded as a result of the high disintegration rate and rapid start-up of the aquafeed.

The livestock sector has been under increased pressure to meet growing demand for animal protein, and fish are easily considered the best source of omega-3 fatty acids, EPA and DHA. Population growth, increasing incomes and urbanization have led to an increase in worldwide fish production. The income level and the consumption of animal protein were positively linked to increased fish and other seafood consumption at the expense of basic food products. When fish products ' prices decrease, developing countries embark on higher fish consumption at much lower GDP rates than they did a few decades ago. Urbanization has led to increased demand for food and cities now have a diverse diet rich in animal protein and fat compared to rural communities ' less diverse diet. Therefore, several rural farmers in several developing countries are surviving on their fish production.

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global aquafeed market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aquafeed market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Ingredient Insights: On the basis of ingredient, global aquafeed market has been segmented into soybean, corn, fishmeal, fish oil, and additives. Among which soybean segment is expected to be the highest growing segment in the global market of aquafeed. Omega-3 fatty acids, proteins and unsaturated fats are found in the non-fish sources of soya. Soy protein is fed to fish and shellfish for agriculture in order to improve overall growth and development. Some of the popular soybean in aquafeed products include thermal soybean, mechanical soybean pie, solvent-extracted soybean and soybean dehulling meal, which are extracted with a solvent. Since the price of soy food is considerably lower than the price of fishmeal, soybean consumption is high.

By Additives Insights: On the basis of additive, global aquafeed market has been segmented into antibiotics, vitamins & minerals, antioxidants, amino acids, enzymes, probiotics & prebiotics, others. Amino acids are necessary for animal feeding and represent the building blocks of protein that are critical in aquatic animal health development, production and overall maintenance. Amino acids provide the energy needed for muscle and bone growth to pass, digest and bloodstream. Due to these reasons, the market for aquafeed additives is dominated by the amino acid group.

Regional Analysis

The aquafeed market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

In 2018, Asia Pacific dominated the global market in aquafeed; China, which is the biggest producer of aquafeed, is the main driver of this sector. China is the world's largest supplier, customer and processor, adding to the global supply by about a third. However, in response to the rapid urbanization and diet diversification, the manufactured marine markets in the area are also undergoing a major transformation.

Global Aquafeed Market Size, Share Analysis by Region 2018

Global Aquafeed Market Study Objective

1. To forecast the market size of aquafeed market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of aquafeed market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of aquafeed market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of aquafeed market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the aquafeed market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Cargill, Archer Daniels Midland Company, Alltech, Purina Animal Nutrition, Nutreco N.V., and Ridley Corporation Ltd. are some of the key players in the market of aquafeed. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.

Global Aquafeed Market Study Report Offer You!

The global aquafeed market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.