May 3, 2023

News provided by Share this article Share this article NEW YORK, May 3, 2023 /PRNewswire/ -- The aquaculture feed market size is set to grow by USD 16,219.6 million between 2022 and 2027, and register a CAGR of 5.56%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report The report also covers the following areas: Although frequent product launches, growing technological advancement, and rising usage of high-standard raw materials for achieving better-quality products will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Aquaculture Feed Market 2023-2027: Segmentation The aquaculture feed market is segmented as follows: Product Middle East And Africa The market share growth by the fish feed segment will be significant for overall market growth during the forecast period. Fish feed occupies a large share in the market and is mainly made from a combination of ingredients such as fishmeal, fish oil, vegetable protein, animal protein, wheat, rice, soybean, corn, and feed additives such as amino acids, vitamins and minerals, and feed acidifiers. The main consumers of fish feed are various types of fish, including trout, Atlantic salmon, pink salmon, perch, flounder, carp, catfish, and tilapia. The rising production of aquaculture products such as fish and increasing investment in developing new fisheries around the world are the major factors driving the growth of the fish feed products segment during the forecast period. Hence, such factors influence the segment growth during the forecast period. Aquaculture Feed Market 2023-2027: Vendor Analysis and Scope The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, the aquaculture feed market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Aller Aqua AS, Alltech Inc., Archer Daniels Midland Co., Avanti Feeds Ltd., BRF SA, Cargill Inc., Charoen Pokphand Foods PCL, Godrej and Boyce Manufacturing Co. Ltd., Grand Fish Feed, Growel Feeds Pvt. Ltd., IB Group, Land O Lakes Inc., National Aquaculture Group, Nutreco N.V., Olmix SA, Ridley Corp. Ltd., Schouw and Co., The Waterbase Ltd., Tyson Foods Inc., and Viet Uc Seafood Corp. What's New? Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -  buy the report! Vendor Offerings Aller Aqua AS - The company offers aqua feed to various sea species such as Atlantic salmon freshwater, rainbow trout, Atlantic salmon, meager, sea bass to enhance nutrition supplements and boost immunity levels. Alltech Inc. - The company offers aquaculture feed phytogenic compound plant derivatives which are designed to feed fish for enhancing nutrition supplements. Archer Daniels Midland Co. - The company offers ocialis aqua feed which is designed to feed fish and shrimp to enhance essential nutrients such as amino acids, fatty acids, and vitamins. Aquaculture Feed Market 2023-2027: Market Dynamics Key Drivers Frequent product launches are significantly driving the growth of the aquaculture feed market. The growth is because aquaculture is an evolving field and companies are constantly looking for new ways to improve the nutritional value and efficiency of their feed. New products hitting the market include various innovations such as varied types of essential nutrient. For example, in 2023 Skretting announced the opening of a new shrimp and fish feed facility in Surat, India. The launch of these products reflects changing consumer demand for sustainably sourced, nutritious seafood, advances in scientific research on fish nutrition, and new regulations and policies impacting aquaculture practices. Hence, such factors drive the market growth for aquaculture feed market during the forecast period. Significant Trends Increasing aquaculture production and consumption across the globe is a major trend impacting the growth of the aquaculture feed market. The growing demand and popularity of aquaculture products in various parts of the world have forced farmers and aquaculture producers to increase their aquaculture production. Therefore, it is imperative that farmers and producers use high-quality feeds in order to obtain healthier aquaculture products, which is a key factor in the growth of the market. Carp, shrimp, tilapia, salmon, trout, and freshwater crayfish are the world's largest consumers of farmed feed. Hence, such trends influence the growth of the market during the forecast period. Major Challenges Price volatility of aquaculture feed ingredients and additives is threatening the growth of the aquaculture feed market. Soybeans, corn, fishmeal, fish oil, rice and wheat are some of the most commonly used ingredients in aquaculture feeds, which has a negative impact on feed prices. The main additives used to improve the quality and value of aquaculture feeds are amino acids, antibiotics, vitamins and minerals, feed acidifiers, and others. In the recent years, there have been large fluctuations in the prices of various aquaculture feed additives, resulting in price volatility in the market. Hence, price volatility of aquaculture feed ingredients and additives has become a major challenge that is expected to hamper the growth of the market during the forecast period. Aquaculture Feed Market 2023-2027: Key Highlights CAGR of the market during the forecast period 2023-2027 Detailed information on factors that will assist aquaculture feed market growth during the next five years Estimation of the aquaculture feed market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the aquaculture feed market Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of aquaculture feed market vendors Subscribe to our Basic Plan billed annually at USD 5000 to get instant access to 17,000+ market research reports. Related Reports: The aquaculture market size is expected to increase by USD 51.94 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.27%. Furthermore, this report extensively covers aquaculture market segmentation by product (freshwater fish market, crustacean market, mollusks market, diadromous fish market, and others), environment (freshwater aquaculture market, marine water aquaculture market, and brackish water aquaculture market), culture (net pen culture market, floating-cage culture market, pond culture market, and rice-field culture market), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The increased presence of better aquaculture strains from different farming methods is notably driving the aquaculture market growth. The aquaculture cages market size is expected to increase to USD 70 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.09%. Furthermore, this report extensively covers aquaculture cages market segmentation by environment (freshwater aquaculture cages and marine and brackish water aquaculture cages) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The rising consumer inclination toward nutrient-rich fish and fish products is notably driving the aquaculture cages market growth. Aquaculture Feed Market Scope Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on Global aquaculture feed market 2017 - 2021 ($ million) 4.2 Product Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million) 4.3 Form Factor Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Form Factor Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Product 6.3 Fish feed - Market size and forecast 2022-2027 Exhibit 34: Chart on Fish feed - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Fish feed - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Fish feed - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Fish feed - Year-over-year growth 2022-2027 (%) 6.4 Mollusk feed - Market size and forecast 2022-2027 Exhibit 38: Chart on Mollusk feed - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Mollusk feed - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Mollusk feed - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Mollusk feed - Year-over-year growth 2022-2027 (%) 6.5 Crustacean feed - Market size and forecast 2022-2027 Exhibit 42: Chart on Crustacean feed - Market size and forecast 2022-2027 ($ million) Exhibit 43: Data Table on Crustacean feed - Market size and forecast 2022-2027 ($ million) Exhibit 44: Chart on Crustacean feed - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Crustacean feed - Year-over-year growth 2022-2027 (%) 6.6 Other aquaculture feed - Market size and forecast 2022-2027 Exhibit 46: Chart on Other aquaculture feed - Market size and forecast 2022-2027 ($ million) Exhibit 47: Data Table on Other aquaculture feed - Market size and forecast 2022-2027 ($ million) Exhibit 48: Chart on Other aquaculture feed - Year-over-year growth 2022-2027 (%) Exhibit 49: Data Table on Other aquaculture feed - Year-over-year growth 2022-2027 (%) 6.7 Market opportunity by Product Exhibit 50: Market opportunity by Product ($ million) Exhibit 51: Data Table on Market opportunity by Product ($ million) 7 Market Segmentation by Form Factor 7.1 Market segments Exhibit 53: Data Table on Form Factor - Market share 2022-2027 (%) 7.2 Comparison by Form Factor Exhibit 54: Chart on Comparison by Form Factor Exhibit 55: Data Table on Comparison by Form Factor 7.3 Wet - Market size and forecast 2022-2027 Exhibit 56: Chart on Wet - Market size and forecast 2022-2027 ($ million) Exhibit 57: Data Table on Wet - Market size and forecast 2022-2027 ($ million) Exhibit 58: Chart on Wet - Year-over-year growth 2022-2027 (%) Exhibit 59: Data Table on Wet - Year-over-year growth 2022-2027 (%) 7.4 Dry - Market size and forecast 2022-2027 Exhibit 60: Chart on Dry - Market size and forecast 2022-2027 ($ million) Exhibit 61: Data Table on Dry - Market size and forecast 2022-2027 ($ million) Exhibit 62: Chart on Dry - Year-over-year growth 2022-2027 (%) Exhibit 63: Data Table on Dry - Year-over-year growth 2022-2027 (%) 7.5 Market opportunity by Form Factor Exhibit 64: Market opportunity by Form Factor ($ million) Exhibit 65: Data Table on Market opportunity by Form Factor ($ million) 8 Customer Landscape Exhibit 70: Data Table on Geographic comparison 9.3 APAC - Market size and forecast 2022-2027 Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 North America - Market size and forecast 2022-2027 Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.6 South America - Market size and forecast 2022-2027 Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.7 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.8 China - Market size and forecast 2022-2027 Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%) 9.9 Norway - Market size and forecast 2022-2027 Exhibit 95: Chart on Norway - Market size and forecast 2022-2027 ($ million) Exhibit 96: Data Table on Norway - Market size and forecast 2022-2027 ($ million) Exhibit 97: Chart on Norway - Year-over-year growth 2022-2027 (%) Exhibit 98: Data Table on Norway - Year-over-year growth 2022-2027 (%) 9.10 US - Market size and forecast 2022-2027 Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%) 9.11 Vietnam - Market size and forecast 2022-2027 Exhibit 103: Chart on Vietnam - Market size and forecast 2022-2027 ($ million) Exhibit 104: Data Table on Vietnam - Market size and forecast 2022-2027 ($ million) Exhibit 105: Chart on Vietnam - Year-over-year growth 2022-2027 (%) Exhibit 106: Data Table on Vietnam - Year-over-year growth 2022-2027 (%) 9.12 India - Market size and forecast 2022-2027 Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million) Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million) Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%) Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 111: Market opportunity by geography ($ million) Exhibit 112: Data Tables on Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. 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