PUBLISHER: Sprout Intelligence | PRODUCT CODE: 1239770
PUBLISHER: Sprout Intelligence | PRODUCT CODE: 1239770
The report "Fish Feed: Global Market Intelligence (2023-2030)" provides market intelligence on the different market segments, based on type, species, and geography. Market size and forecast (2023-2030) has been provided in the report.The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.
In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents- selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.
Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.
The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.
The global fish feed market is expected to grow at a CAGR of more than 10% from 2023 to 2030. The global market for fish feed is experiencing steady growth, driven by the increasing demand for seafood and aquaculture production. Fish feed is used to provide essential nutrients to farmed fish, such as protein, vitamins, and minerals, to improve their growth, health, and overall productivity.
Asia-Pacific alone accounted for two-third of the global fish feed market in 2018. The market growth in the Asia-Pacific region is attributed to the increasing demand for seafood, growth in aquaculture production, and favorable government policies supporting the development of the aquaculture industry.
The key players in this market are Cargill, DSM, Nutreco, ForFarmers, Purina, and CP Group among many others.
Sprout Intelligence expert team projected the global fish feed marketis expected to cross mark of USD 90 billion. The market growth for fish feed is expected to continue in the coming years, with a focus on sustainable and natural feed ingredients. The use of sustainable and natural feed ingredients can help reduce the environmental impact of aquaculture production, improve the quality and nutritional value of farmed fish, and promote healthier and more sustainable seafood production. However, the market also faces challenges such as the high cost of fish feed ingredients and the need for better education and awareness among fish farmers regarding sustainable and natural feed ingredients. Companies are addressing these challenges by improving the cost-effectiveness of their products and investing in educational programs to increase awareness and promote the use of sustainable and natural feed ingredients in aquaculture production.