Global Aquafeed Market
The global Aquafeed market was valued at USD 98.29 billion in 2016 and is projected to reach USD 226.13 billion by 2025, growing at a CAGR of 9.7% from 2017 to 2025.
The growing importance of fish derived products is driving demand for aquafeed. The new product development aimed at developing fortified versions of existing market products is expected to further augment market demand. The rise in fish farming activities is expected to have a positive impact on sales.
1. Market Drivers
1.1 Rising seafood trade
1.2 Growing aquaculture industry
2. Market Restraints
2.1 Price volatility of raw materials
2.2 Food safety concerns
The global Aquafeedmarket is segmented on the end user, ingredient, additive, and region.
1. By End User:
2. By Ingredient:
2.1 Fish meal
2.2 Fish oil
3. By Additive:
3.4 Feed Enzymes
3.5 Amino Acids
3.6 Feed Acidifiers
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Archer Daniels Midland Company
2. DE Heus Animal Nutrition
3. Dibaq AS
4. Nutreco NV
5. Norel Animal Nutrition
6. Avanti Feeds Limited
7. Biomin Holding GmbH
10. Land O’ Lakes
11. Aller Aqua A/S
14. Ridley Corporation Limited
15. Biostadt India Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Aquafeedmarket was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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