Aquafeed Market was valued at US$ 58.03 Bn in 2022 and is expected to reach US$ 93.19 Bn by 2029 at a CAGR of 7% during the forecast period.

Aquafeed Market Overview:

Maximize Market Research's new report, Global Aquafeed Market 2024-2030, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2024-2030). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Aquafeed market.

 Market Scope:

The research provides an analytical view of the business by studying several elements such as worldwide Aquafeed market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Aquafeed market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.

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Drivers:

The introduction of novel species into aquaculture and the expansion of fish farming are opening up new sources of income for market participants. The amberjack, wreckfish, and sparse types of fish are among the newer species that rely more on commercially produced compound feeds.

introduction of novel algae feed ingredients that are low in docosahexaenoic acid (DHA) and can be used in place of fishmeal and fish oil in formulated diets. Without the addition of krill meal, squid meal, or attractants, soybean meal replaces more than 70% of the protein found in fish meal. Soybean meal reduces harmful oils in the body while increasing the amount of proteins in the body. The gathering and sharing of data is essential for tracking the condition and direction of decorative aquaculture. It will be possible to address additional pertinent concerns that may result in environmental and financial advantages for aquafeed production if the volume and diversity of trade are better understood. The market for salmonid feeds will essentially remain unchanged, with improvements in the food conversion ratio (FCR) offsetting increases in aquaculture production. Catfish and other carnivorous fish are predicted to see a rise in demand for commercial meals.

Segmentation:

by End User

Fish
Mollusks
Crustaceans

The fish section, which is based on end users, had the biggest share in 2019 and is predicted to increase at the quickest rate over the next several years. The least expensive and easiest to digest animal protein is fish. Fish feed is in higher demand as a result of the expansion of aquaculture and fish farming. Aquafeed is becoming more and more in demand as a result of the use of artificial environments like aquaponics and the Recirculating Aquaculture System (RAS) to boost fish productivity and availability for consumption.

by Ingredient

Soybean
Corn
Additives
Fish meal
Fish oil

The aquafeed market is anticipated to be dominated by the soybean segment over the forecast period, based on the type of ingredients used. For aquafeed, soybean is a great source of protein because it has 48% high-quality protein. Because of its high nutrient content and abundance of easily absorbed amino acids and xanthophylls, it is widely utilized as a crucial source of protein in the creation of aquafeed.

by Additive

Antibiotics
Vitamins
Antioxidants
Amino acids
Feed enzymes
Feed Acidifiers

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Key Players:

It then discusses the top competitors in the worldwide Aquafeed market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:

1. Archer Daniels Midland Company
2. Cargill
3. Alltech
4. Ridley Corporation Ltd.
5. Nutreco N.V
6. Avanti Feeds Ltd.
7. Biostadt India Ltd.
8. Nutriad
9. Aller Aqua A/S
10. BioMar
11. BIOMIN Holding GmbH
12. Norel Animal Nutrition
13. De Heus Animal Nutrition
14. Dibaq a.s

Regional Analysis:

The report has analyzed the global Aquafeed market in the following regions:

• America, North (the United States, Canada, and Mexico)
• European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia, and Rest of South America)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Aquafeed market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.

To access more comprehensive information, click here:https://www.maximizemarketresearch.com/request-sample/31756

COVID-19 Impact Analysis on Aquafeed Market:

COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.

 Key Questions Answered in the Aquafeed Market Report are:

Which are the major companies in the Aquafeed market?

 Which is the potential market for Aquafeed in terms of the region?

 Which application area of Aquafeed is expected to grow at a significant rate in the market in the next 5 years?

 What are the opportunities for new market entrants?

 What will be the Aquafeed market size by 2030?

 What are the growth prospects for the Aquafeed market?

 What is the base year considered in the Aquafeed market report?

 Which region holds the largest market share in the Aquafeed market?

 What factors are anticipated to drive the Aquafeed market?

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