PUBLISHER: Lucintel | PRODUCT CODE: 1153931
PUBLISHER: Lucintel | PRODUCT CODE: 1153931
Aquafeed Market Trends and Forecast
The future of the global aquafeed market looks promising with opportunities in the aquaculture industry. The global aquafeed market is expected to reach an estimated $84.2 billion by 2027 with a CAGR of 5.3% from 2022 to 2027. The major drivers for this market are rising demand for seafood, rising population, and development in production techniques.
Emerging Trends in the Aquafeed Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of soy protein, growing adoption of nutritious-system feeding concept, and introduction of advanced process technologies for micro feed production.
A total of 129 figures / charts and 126 tables are provided in this 242-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global aquafeed market report.
Aquafeed Market by Segment
In this market, soybean meal-based aquafeed is the largest ingredient market, and fish is the largest species segment. Growth in various segments of the aquafeed market are shown in the figure below.
Aquafeed Market by Product Form [Value ($ Million) and Volume (Thousand Tons) shipment analysis for 2016 - 2027]:
Aquafeed Market by Ingredient [Value ($ Million) shipment analysis for 2016 - 2027]:
Vitamins
Antibiotics
Antioxidants
Amino Acids
Feed Enzymes
Feed Acidifiers
Others
Aquafeed Market by Species [Value ($ Million) shipment analysis for 2016 - 2027]:
Aquafeed Market by Region [Value ($ Million) and Volume (Thousand Tons) shipment analysis for 2016 - 2027]:
United States
Canada
Mexico
Norway
Spain
Germany
France
China
India
Vietnam
Indonesia
Chile
Brazil
List of Aquafeed Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, aquafeed companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aquafeed companies profiled in this report include-
Aquafeed Market Insights
Features of the Global Aquafeed Market
FAQ
Q1. What is the aquafeed market size?
Answer: The global aquafeed market is expected to reach an estimated $84.2 billion by 2027.
Q2. What is the growth forecast for aquafeed market?
Answer: The aquafeed market is expected to grow at a CAGR of ~5.3% from 2020 to 2027.
Q3. What are the major drivers influencing the growth of the aquafeed market?
Answer: The major drivers for this market are rising demand for seafood, rising population, and development in production techniques.
Q4. What are the major ingredient segments for the aquafeed market?
Answer: Fish meal, fish oil, soybean meal, corn meal, and vegetables are the major ingredients used for manufacturing of aquafeed.
Q5. What are the emerging trends in aquafeed market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of soy protein growing adoption of nutritious-system feeding concept and introduction of advanced process technologies for micro feed production.
Q6. Who are the key aquafeed companies?
Answer: Some of the key aquafeed companies are as follows:
Q7. Which will be the largest aquafeed species segment in the future?
Answer: Lucintel forecasts aquafeed for fish will remain the largest segment by species type over the forecast period due to increasing demand for protein rich healthy food products and rising income level..
Q8. In aquafeed industry, which region is expected to be the largest in the next five years?
Answer: Asia Pacific is expected to be the largest region over the next five years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.