Global Aquafeed Market Size, Trends & Analysis - Forecasts To 2026 By Species (Crustaceans, Mollusks, Fish, Others), By Form (Dry, Wet, Moist), By Lifecycle (Starter Feed, Finisher Feed, Brooder Feed, Grower Feed), By Ingredient (Soybean, Corn, Fishmeal, Fish Oil, Additives, Others), By Additive (Vitamins & Minerals, Probiotics & Prebiotics, Amino Acids, Antibiotics, Enzymes, Antioxidants, Others), By Region (North America, Europe, Asia Pacific, CSA, MEA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Global Aquafeed Market Size, Trends & Analysis - Forecasts To 2026 By Species (Crustaceans, Mollusks, Fish, Others), By Form (Dry, Wet, Moist), By Lifecycle (Starter Feed, Finisher Feed, Brooder Feed, Grower Feed), By Ingredient (Soybean, Corn, Fishmeal, Fish Oil, Additives, Others), By Additive (Vitamins & Minerals, Probiotics & Prebiotics, Amino Acids, Antibiotics, Enzymes, Antioxidants, Others), By Region (North America, Europe, Asia Pacific, CSA, MEA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

  • Published Date: June 26 : 2020
  • Base Year for Estimate: 2019
  • Report Id:2116

Aquafeed Market: Insights

The global aquafeed market is expected to generate revenue amounting to USD 50.65 billion in 2020, and is projected to reach to USD 78.17 billion by 2026, growing at a CAGR of 7.50% over the forecast period. Increasing seafood trade, and growth in aquaculture production are some of the major factors expected to propel the market growth during the forecast period. Rising seafood consumption among consumers due to the increasing need for protein-rich diet is also driving the market growth for aquafeed. Growing usage of aquafeed in crustacean and carp farming is likely to fuel the demand during the forecast period. Rising focus on nutraceuticals, such as omega 3-enriched products is also expected to boost the market growth. Increasing aquaculture activities across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of aquafeed. Growing demand for fish and fish oil products owing to rising consumer awareness regarding the health benefits are driving the market growth for aquafeed. However, increasing raw material costs, are likely to hamper the market growth during the forecast period.

Aquafeed Market

Aquafeed Market Size: By Segmentation

The global aquafeed market is segmented on the basis of ingredients into soybean, corn, fishmeal, fish oil, and additives among others. The soybean segment is expected to hold the largest market share in the global aquafeed market during the forecast period. Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal among others. Soybean meal is priced significantly lesser than other fishmeal.

On the basis of species, the global aquafeed market is segmented into fish, crustaceans, and mollusks. The fish segment is expected to hold the largest market share during the forecast period. The growing consumption of fish across the globe is driving the market growth for aquafeed. The increasing number fish farming ponds, lakes, rivers, and coastal waters is also projected to drive the demand for aquafeed. Favorable government support and subsidies for aquafarming in developing nations is further supporting the growth for aquafeed market.

On the basis of additive, the market is segmented into antibiotics, vitamins & minerals, antioxidants, amino acids, enzymes, and probiotics & prebiotics among others. The amino acid segment is expected to hold the largest market share in the global aquafeed market during the forecast period. Amino acids are important in animal nutrition and are the building blocks of protein. They play an important role in the growth, production, and overall maintenance of aquatic animal health. Amino acids provide the energy required for the growth of muscles and bones for muscle movement, digestion, and blood circulation among others. These are some of the major factors expected to propel the market growth for amino acids during the forecast period.

Aquafeed Market

Aquafeed Market Size: By Region

On the basis of region, the market of aquafeed is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market and is also estimated to expand at a rapid pace during the forecast period. The presence of vast aquaculture industry particularly in China and India is expected to drive the demand for aquafeed in the region over the coming years. Availability of cheap labor and raw materials is also driving the market growth in the region. Growing population along with growing inclination towards salmon farming, and rising demand for seafood is also propelling the market growth for aquafeed.

Aquafeed Market Share & Competitor Analysis

Some of the key players operating in the aquafeed market include: Nutreco, Alltech, Purina Animal Nutrition, Nutriad, Biostadt India Limited, Nk Ingredients PTE Ltd., Archer Daniels Midland Company, Cargill, Ridley Corporation Limited, Avanti Feeds Limited, De Heus Animal Nutrition B.V, Novus International, Aller Aqua A/S, Biomin, Biomar, Norel Animal Nutrition, Marubeni Nisshin Feed Co., Ltd., and Marvesa Beneo, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In January 2019, ADM acquired Neovia for USD 1.82 billion (Euro 1.54 billion). This acquisition would provide a strong platform for ADM’s future growth.

In November 2018, Cargill invested USD 70 million in Thailand to provide innovative technology to the aquaculture and poultry industries located in Thailand.

In June 2017, Nutreco completed the acquisition of Hi-Pro Feeds LP (Canada). The acquired entity would trade under its global brand, Trouw Nutrition.

Aquafeed Market: By Species

  1. Introduction  
    1. Aquafeed Market, By Species, 2020-2026 (USD Million)       
  2. Crustaceans  
    1. Crustaceans: Aquafeed Market, 2020-2026 (USD Million)     
  3. Mollusks       
    1. Mollusks: Aquafeed Market, 2020-2026 (USD Million)
  4. Fish   
    1. Fish: Aquafeed Market, 2020-2026 (USD Million)
  5. Others
    1. Others: Aquafeed Market, 2020-2026 (USD Million)

Aquafeed Market: By Form

  1. Introduction  
    1. Aquafeed Market, By Form, 2020-2026 (USD Million)
  2. Dry    
    1. Dry: Aquafeed Market, 2020-2026 (USD Million)       
  3. Wet   
    1. Wet: Aquafeed Market, 2020-2026 (USD Million)
  4. Moist 
    1. Moist: Aquafeed Market, 2020-2026 (USD Million)

Aquafeed Market: By Lifecycle

  1. Introduction  
    1. Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)      
  2. Starter Feed  
    1. Starter Feed: Aquafeed Market, 2020-2026 (USD Million)     
  3. Finisher Feed
    1. Finisher Feed: Aquafeed Market, 2020-2026 (USD Million)
  4. Brooder Feed
    1. Brooder Feed: Aquafeed Market, 2020-2026 (USD Million)
  5. Grower Feed  
    1. Grower Feed: Aquafeed Market, 2020-2026 (USD Million)

Aquafeed Market: By Ingredient

  1. Introduction  
    1. Aquafeed Market, By Ingredient, 2020-2026 (USD Million)    
  2. Soybean        
    1. Soybean: Aquafeed Market, 2020-2026 (USD Million)
  3. Fishmeal       
    1. Fishmeal: Aquafeed Market, 2020-2026 (USD Million)
  4. Corn  
    1. Corn: Aquafeed Market, 2020-2026 (USD Million)     
  5. Fish Oil          
    1. Fish Oil: Aquafeed Market, 2020-2026 (USD Million)
  6. Additives       
    1. Additives: Aquafeed Market, 2020-2026 (USD Million)          
  7. Others
    1. Others: Aquafeed Market, 2020-2026 (USD Million)

Aquafeed Market: By Additive

  1. Introduction  
    1. Aquafeed Market, By Additive, 2020-2026 (USD Million)       
  2. Vitamins & minerals 
    1. VITAMINS & MINERALS: Aquafeed Market, 2020-2026 (USD Million)
  3. Probiotics & prebiotics          
    1. Probiotics & prebiotics: Aquafeed Market, 2020-2026 (USD Million)
  4. Amino acids  
    1. Amino acids: Aquafeed Market, 2020-2026 (USD Million)
  5. Antibiotics     
    1. Antibiotics: Aquafeed Market, 2020-2026 (USD Million)
  6. Antioxidants  
    1. Antioxidants: Aquafeed Market, 2020-2026 (USD Million)
  7. Enzymes        
    1. Enzymes: Aquafeed Market, 2020-2026 (USD Million)
  8. Others
    1. Others: Aquafeed Market, 2020-2026 (USD Million)

Aquafeed Market: By Region

  1. Introduction  
    1. Global Aquafeed Market, Regional Analysis, 2020-2026 (USD Million)          
  2. North America
    1. North America Aquafeed Market, Regional Analysis, 2020-2026 (USD Million)         
      1. By Species      
        1. North America Aquafeed Market, By Species, 2020-2026 (USD Million)        
      2. By Form          
        1. North America Aquafeed Market, By Form, 2020-2026 (USD Million)
      3. By Lifecycle    
        1. North America Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)      
      4. By Ingredient  
        1. North America Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
      5. By Additive     
        1. North America Aquafeed Market, By Additive, 2020-2026 (USD Million)       
      6. By Country      
        1. U.S      
          1. By Species      
            1. U.S Aquafeed Market, By Species, 2020-2026 (USD Million) 
          2. By Form          
            1. U.S Aquafeed Market, By Form, 2020-2026 (USD Million)     
          3. By Lifecycle    
            1. U.S Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)
          4. By Ingredient  
            1. U.S Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. U.S Aquafeed Market, By Additive, 2020-2026 (USD Million) 
        2. Canada.          
          1. By Species      
            1. Canada Aquafeed Market, By Species, 2020-2026 (USD Million)      
          2. By Form          
            1. Canada Aquafeed Market, By Form, 2020-2026 (USD Million)
          3. By Lifecycle    
            1. Canada Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)     
          4. By Ingredient  
            1. Canada Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. Canada Aquafeed Market, By Additive, 2020-2026 (USD Million)      
        3. Mexico
          1. By Species      
            1. Mexico Aquafeed Market, By Species, 2020-2026 (USD Million)       
          2. By Form          
            1. Mexico Aquafeed Market, By Form, 2020-2026 (USD Million)
          3. By Lifecycle    
            1. Mexico Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)      
          4. By Ingredient  
            1. Mexico Aquafeed Market, By Ingredient, 2020-2026 (USD Million)    
          5. By Additive     
            1. Mexico Aquafeed Market, By Additive, 2020-2026 (USD Million)
  3. Europe           
    1. Europe Aquafeed Market, Regional Analysis, 2020-2026 (USD Million)         
      1. By Species      
        1. Europe Aquafeed Market, By Species, 2020-2026 (USD Million)        
      2. By Form          
        1. Europe Aquafeed Market, By Form, 2020-2026 (USD Million)
      3. By Lifecycle    
        1. Europe Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)      
      4. By Ingredient  
        1. Europe Aquafeed Market, By Ingredient, 2020-2026 (USD Million)    
      5. By Additive     
        1. Europe Aquafeed Market, By Additive, 2020-2026 (USD Million)
      6. By Country      
        1. Germany        
          1. By Species      
            1. Germany Aquafeed Market, By Species, 2020-2026 (USD Million)    
          2. By Form          
            1. Germany Aquafeed Market, By Form, 2020-2026 (USD Million)        
          3. By Lifecycle    
            1. Germany Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)   
          4. By Ingredient  
            1. Germany Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. Germany Aquafeed Market, By Additive, 2020-2026 (USD Million)
        2. UK       
          1. By Species      
            1. UK Aquafeed Market, By Species, 2020-2026 (USD Million)  
          2. By Form          
            1. UK Aquafeed Market, By Form, 2020-2026 (USD Million)      
          3. By Lifecycle    
            1. UK Aquafeed Market, By Lifecycle, 2020-2026 (USD Million) 
          4. By Ingredient  
            1. UK Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. UK Aquafeed Market, By Additive, 2020-2026 (USD Million)  
        3. France
          1. By Species      
            1. France Aquafeed Market, By Species, 2020-2026 (USD Million)        
          2. By Form          
            1. France Aquafeed Market, By Form, 2020-2026 (USD Million)
          3. By Lifecycle    
            1. France Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)      
          4. By Ingredient  
            1. France Aquafeed Market, By Ingredient, 2020-2026 (USD Million)    
          5. By Additive     
            1. France Aquafeed Market, By Additive, 2020-2026 (USD Million)
        4. Italy    
          1. By Species      
            1. Italy Aquafeed Market, By Species, 2020-2026 (USD Million)
          2. By Form          
            1. Italy Aquafeed Market, By Form, 2020-2026 (USD Million)    
          3. By Lifecycle    
            1. Italy Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)          
          4. By Ingredient  
            1. Italy Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. Italy Aquafeed Market, By Additive, 2020-2026 (USD Million)
        5. Spain  
          1. By Species      
            1. Spain Aquafeed Market, By Species, 2020-2026 (USD Million)          
          2. By Form          
            1. Spain Aquafeed Market, By Form, 2020-2026 (USD Million)  
          3. By Lifecycle    
            1. Spain Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)        
          4. By Ingredient  
            1. Spain Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. Spain Aquafeed Market, By Additive, 2020-2026 (USD Million)               
        6. Rest Of Europe
          1. By Species      
            1. Rest Of Europe Aquafeed Market, By Species, 2020-2026 (USD Million)     
          2. By Form          
            1. Rest Of Europe Aquafeed Market, By Form, 2020-2026 (USD Million)
          3. By Lifecycle    
            1. Rest Of Europe Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)     
          4. By Ingredient  
            1. Rest Of Europe Aquafeed Market, By Ingredient, 2020-2026 (USD Million)     
          5. By Additive     
            1. Rest Of Europe Aquafeed Market, By Additive, 2020-2026 (USD Million)
  4. Asia Pacific   
    1. Asia Pacific Aquafeed Market, Regional Analysis, 2020-2026 (USD Million) 
      1. By Species      
        1. Asia Pacific Aquafeed Market, By Species, 2020-2026 (USD Million)
      2. By Form          
        1. Asia Pacific Aquafeed Market, By Form, 2020-2026 (USD Million)    
      3. By Lifecycle    
        1. Asia Pacific Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)
      4. By Ingredient  
        1. Asia Pacific Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
      5. By Additive     
        1. Asia Pacific Aquafeed Market, By Additive, 2020-2026 (USD Million)
      6. By Country      
        1. China  
          1. By Species      
            1. China Aquafeed Market, By Species, 2020-2026 (USD Million)          
          2. By Form          
            1. China Aquafeed Market, By Form, 2020-2026 (USD Million)  
          3. By Lifecycle    
            1. China Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)        
          4. By Ingredient  
            1. China Aquafeed Market, By Ingredient, 2020-2026 (USD Million)      
          5. By Additive     
            1. China Aquafeed Market, By Additive, 2020-2026 (USD Million)
        2. Japan  
          1. By Species      
            1. Japan Aquafeed Market, By Species, 2020-2026 (USD Million)         
          2. By Form          
            1. Japan Aquafeed Market, By Form, 2020-2026 (USD Million) 
          3. By Lifecycle    
            1. Japan Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)        
          4. By Ingredient  
            1. Japan Aquafeed Market, By Ingredient, 2020-2026 (USD Million)     
          5. By Additive     
            1. Japan Aquafeed Market, By Additive, 2020-2026 (USD Million)
        3. India   
          1. By Species      
            1. India Aquafeed Market, By Species, 2020-2026 (USD Million)
          2. By Form          
            1. India Aquafeed Market, By Form, 2020-2026 (USD Million)   
          3. By Lifecycle    
            1. India Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)         
          4. By Ingredient  
            1. India Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. India Aquafeed Market, By Additive, 2020-2026 (USD Million)          
        4. South Korea   
          1. By Species      
            1. South Korea Aquafeed Market, By Species, 2020-2026 (USD Million)
          2. By Form          
            1. South Korea Aquafeed Market, By Form, 2020-2026 (USD Million)   
          3. By Lifecycle    
            1. South Korea Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)     
          4. By Ingredient  
            1. South Korea Aquafeed Market, By Ingredient, 2020-2026 (USD Million)     
          5. By Additive     
            1. South Korea Aquafeed Market, By Additive, 2020-2026 (USD Million)
  5. Central & South America      
    1. Central & South America Aquafeed Market, Regional Analysis, 2020-2026 (USD Million)     
      1. By Species      
        1. Central & South America Aquafeed Market, By Species, 2020-2026 (USD Million)          
      2. By Form          
        1. Central & South America Aquafeed Market, By Form, 2020-2026 (USD Million)          
      3. By Lifecycle    
        1. Central & South America Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)          
      4. By Ingredient  
        1. Central & South America Aquafeed Market, By Ingredient, 2020-2026 (USD Million)          
      5. By Additive     
        1. Central & South America Aquafeed Market, By Additive, 2020-2026 (USD Million)
      6. By Country      
        1. Brazil  
          1. By Species      
            1. Brazil Aquafeed Market, By Species, 2020-2026 (USD Million)          
          2. By Form          
            1. Brazil Aquafeed Market, By Form, 2020-2026 (USD Million)  
          3. By Lifecycle    
            1. Brazil Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)        
          4. By Ingredient  
            1. Brazil Aquafeed Market, By Ingredient, 2020-2026 (USD Million)      
          5. By Additive     
            1. Brazil Aquafeed Market, By Additive, 2020-2026 (USD Million)
  6. Middle East & Africa 
    1. Middle East & Africa Aquafeed Market, Regional Analysis, 2020-2026 (USD Million)
      1. By Species      
        1. Middle East & Africa Aquafeed Market, By Species, 2020-2026 (USD Million)
      2. By Form          
        1. Middle East & Africa Aquafeed Market, By Form, 2020-2026 (USD Million)   
      3. By Lifecycle    
        1. Middle East & Africa Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)          
      4. By Ingredient  
        1. Middle East & Africa Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
      5. By Additive     
        1. Middle East & Africa Aquafeed Market, By Additive, 2020-2026 (USD Million)          
      6. By Country      
        1. Saudi Arabia   
          1. By Species      
            1. Saudi Arabia Aquafeed Market, By Species, 2020-2026 (USD Million)     
          2. By Form          
            1. Saudi Arabia Aquafeed Market, By Form, 2020-2026 (USD Million)  
          3. By Lifecycle    
            1. Saudi Arabia Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)     
          4. By Ingredient  
            1. Saudi Arabia Aquafeed Market, By Ingredient, 2020-2026 (USD Million)     
          5. By Additive     
            1. Saudi Arabia Aquafeed Market, By Additive, 2020-2026 (USD Million)
        2. UAE     
          1. By Species      
            1. UAE Aquafeed Market, By Species, 2020-2026 (USD Million)
          2. By Form          
            1. UAE Aquafeed Market, By Form, 2020-2026 (USD Million)    
          3. By Lifecycle    
            1. UAE Aquafeed Market, By Lifecycle, 2020-2026 (USD Million)
          4. By Ingredient  
            1. UAE Aquafeed Market, By Ingredient, 2020-2026 (USD Million)
          5. By Additive     
            1. UAE Aquafeed Market, By Additive, 2020-2026 (USD Million)

The global Aquafeed Market market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Aquafeed Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Aquafeed Market market.

Aquafeed Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Aquafeed Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Aquafeed Market

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