Global Aqua Feed Market Growth 2024-2030
Aqua Feed market size was valued at US$ 31160 million in 2023
- Bonafide Trust
- 31-05-2024
- Pages : 82
- Figures : 82
- Tables : 188
- Region : Global
- Category : Food & Beverages
- Agriculture
According to Publisher’s latest study, the global AquaFeed market size was valued at US$ 31160 million in 2023. With growing demand in downstream market, the AquaFeed is forecast to a readjusted size of US$ 50210 million by 2030 with a CAGR of 7.1% during review period. Market Overview
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleThe research report highlights the growth potential of the global AquaFeed market. AquaFeed are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of AquaFeed. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the AquaFeed market. Aqua feed is special collocation food for aquatic animals considering essential nutrients and ingredients. Key Features:
Market Drivers: Growing Demand for Seafood: As a result of rising dietary choices and health consciousness, the world's seafood consumption is rising, which is also increasing demand for aquafeed. Progress in Aquaculture Methods: The need for premium aquafeed is being driven by advancements in aquaculture methods, such as the application of cutting-edge farming techniques and sustainable practices. Formulations for Nutritionally Balanced Feeds: The market is expanding as a result of the creation and acceptance of feed formulations that are nutritionally balanced and improve the health and growth of aquatic species.
Sustainability Issues: The deployment of environmentally friendly and effective feed solutions is being encouraged by the growing emphasis on sustainability and the requirement to lessen aquaculture's negative environmental effects. Policies and Assistance from the Government: The demand for aquafeed is being driven by government programs and policies that support the development of aquaculture and sustainable fish farming. Growing Investments in Aquaculture: The production and demand for aquafeed are being stimulated by rising investments in aquaculture technology and infrastructure. Challenges: High Production expenses: The high expenses of producing high-quality aquafeed, particularly those of additives and raw materials, may impede market expansion. Environmental Impact: Sustainable growth is hampered by the environmental effects of aquafeed production and consumption, which include problems with waste management and water quality. Regulatory Compliance: It can be difficult for producers to navigate the complicated regulatory environment for feed safety, quality, and environmental regulations. Disruptions in the Supply Chain: Production and market expansion may be impacted by disruptions in the supply chain for completed goods and raw materials, which are made worse by international crises and geopolitical conflicts. Dependency on Fish Meal and Oil: The predominant use of fish meal and fish oil in aquafeed might raise issues with sustainability and supply. Market Forecasts and Future Outlook: The demand for seafood, improvements in aquaculture techniques, and the growing use of nutritionally balanced feed formulations are projected to propel the global aquafeed market's robust growth from 2024 to 2030. The market presents numerous opportunities for innovation, market expansion into emerging markets, and the development of sustainable and alternative feed ingredients. However, addressing issues like high production costs and environmental impact will be critical to the market's sustained growth. Opportunities: Sustainable and Alternative Ingredients: By making investments in the creation of sustainable and alternative ingredients, such as insect meals and plant-based proteins, businesses may both satisfy regulatory requirements and draw in ecologically conscientious customers. Growth into Emerging nations: There is a lot of room for expansion in emerging nations with burgeoning aquaculture industries and rising seafood demand. Technological Innovations: Aquafeed can be made more effective and efficient by utilizing feed technology breakthroughs such automated systems and precision feeding. Emphasis on Medicinal and Functional Feeds: Creating feeds that support aquatic species' health and immunity can improve customer satisfaction and market distinction. Strategic Alliances: Establishing alliances with regulators, academic institutions, and aquaculture producers can increase market share and spur innovation. Improved Aftermarket Services: Long-term market growth and customer happiness can be increased by providing full aftermarket services, such as technical support, training, and consulting. Market Segmentation: AquaFeed market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. 1. Segmentation by type • Mash Feed • Pellet Feed • Expanded Feed • Other 2. Segmentation by application • Fish Feed • Shrimp Feed • Crab Feed • Other Regional Insight: Asia-Pacific: Due to its high seafood consumption, substantial aquaculture investments, and the presence of large aquafeed producers, the Asia-Pacific area leads the industry. Vietnam, China, and India are important markets with significant room for expansion. North America: The United States and Canada lead the way in North America, which follows closely. The adoption of premium aquafeed is fueled by the region's emphasis on cutting-edge feed formulations and sustainable aquaculture techniques. Europe: This is a big market, with the UK, Norway, and Spain being the aquaculture production leaders. The region's emphasis on innovation, sustainability, and regulatory compliance is what's driving the market for environmentally friendly aquafeed. Latin America: The region's market is expanding gradually due to rising investments in aquaculture infrastructure, rising urbanization, and economic development. The two largest markets are Chile and Brazil. Middle East and Africa: Due to economic diversification, urbanization, and rising aquaculture project investments, the Middle East and Africa region offers growth prospects. Nigeria and Egypt are two noteworthy markets with enormous potential. 1. Americas • United States • Canada • Mexico • Brazil 2. APAC • China • Japan • Korea • Southeast Asia • India • Australia 3. Europe • Germany • France • UK • Italy • Russia 4. Middle East & Africa • Egypt • South Africa • Israel • Turkey • GCC Countries Competitive Landscape: Global key players include Nutreco, Haid Group, Tongwei Group, BioMar, Cargill, CP Group, Evergreen Feed, New Hope Group, Grobest and Yuehai Feed, etc. Global top six players hold a share about 35 percent in 2019. In terms of application, the Fish Feed is the largest market, with a share over 55%. The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. • Nutreco • Haid Group • Tongwei Group • BioMar • Cargill • CP Group • Evergreen Feed • New Hope Group • Grobest • Yuehai Feed • Ridley • Alpha Feed • Dibaq Aquaculture • DBN • Uni-President Vietnam • Aller Aqua • GreenFeed • Proconco • Avanti Feeds • Gold Coin • Vitapro • Tianma Tech
Table of Contents
- 1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Years Considered
- 1.3 Research Objectives
- 1.4 Market Research Methodology
- 1.5 Research Process and Data Source
- 1.6 Economic Indicators
- 1.7 Currency Considered
- 1.8 Market Estimation Caveats
- 2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Aqua Feed Annual Sales 2019-2030
- 2.1.2 World Current & Future Analysis for Aqua Feed by Geographic Region, 2019, 2023 & 2030
- 2.1.3 World Current & Future Analysis for Aqua Feed by Country/Region, 2019, 2023 & 2030
- 2.2 Aqua Feed Segment by Type
- 2.2.1 Extruded
- 2.2.2 Pelletized
- 2.2.3 Other
- 2.3 Aqua Feed Sales by Type
- 2.3.1 Global Aqua Feed Sales Market Share by Type (2019-2024)
- 2.3.2 Global Aqua Feed Revenue and Market Share by Type (2019-2024)
- 2.3.3 Global Aqua Feed Sale Price by Type (2019-2024)
- 2.4 Aqua Feed Segment by Application
- 2.4.1 Fish Feed
- 2.4.2 Shrimp and Crab Feed
- 2.4.3 Others
- 2.5 Aqua Feed Sales by Application
- 2.5.1 Global Aqua Feed Sale Market Share by Application (2019-2024)
- 2.5.2 Global Aqua Feed Revenue and Market Share by Application (2019-2024)
- 2.5.3 Global Aqua Feed Sale Price by Application (2019-2024)
- 3 Global Aqua Feed by Company
- 3.1 Global Aqua Feed Breakdown Data by Company
- 3.1.1 Global Aqua Feed Annual Sales by Company (2019-2024)
- 3.1.2 Global Aqua Feed Sales Market Share by Company (2019-2024)
- 3.2 Global Aqua Feed Annual Revenue by Company (2019-2024)
- 3.2.1 Global Aqua Feed Revenue by Company (2019-2024)
- 3.2.2 Global Aqua Feed Revenue Market Share by Company (2019-2024)
- 3.3 Global Aqua Feed Sale Price by Company
- 3.4 Key Manufacturers Aqua Feed Producing Area Distribution, Sales Area, Product Type
- 3.4.1 Key Manufacturers Aqua Feed Product Location Distribution
- 3.4.2 Players Aqua Feed Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
- 4 World Historic Review for Aqua Feed by Geographic Region
- 4.1 World Historic Aqua Feed Market Size by Geographic Region (2019-2024)
- 4.1.1 Global Aqua Feed Annual Sales by Geographic Region (2019-2024)
- 4.1.2 Global Aqua Feed Annual Revenue by Geographic Region (2019-2024)
- 4.2 World Historic Aqua Feed Market Size by Country/Region (2019-2024)
- 4.2.1 Global Aqua Feed Annual Sales by Country/Region (2019-2024)
- 4.2.2 Global Aqua Feed Annual Revenue by Country/Region (2019-2024)
- 4.3 Americas Aqua Feed Sales Growth
- 4.4 APAC Aqua Feed Sales Growth
- 4.5 Europe Aqua Feed Sales Growth
- 4.6 Middle East & Africa Aqua Feed Sales Growth
- 5 Americas
- 5.1 Americas Aqua Feed Sales by Country
- 5.1.1 Americas Aqua Feed Sales by Country (2019-2024)
- 5.1.2 Americas Aqua Feed Revenue by Country (2019-2024)
- 5.2 Americas Aqua Feed Sales by Type
- 5.3 Americas Aqua Feed Sales by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Brazil
- 6 APAC
- 6.1 APAC Aqua Feed Sales by Region
- 6.1.1 APAC Aqua Feed Sales by Region (2019-2024)
- 6.1.2 APAC Aqua Feed Revenue by Region (2019-2024)
- 6.2 APAC Aqua Feed Sales by Type
- 6.3 APAC Aqua Feed Sales by Application
- 6.4 China
- 6.5 Japan
- 6.6 South Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 China Taiwan
- 7 Europe
- 7.1 Europe Aqua Feed by Country
- 7.1.1 Europe Aqua Feed Sales by Country (2019-2024)
- 7.1.2 Europe Aqua Feed Revenue by Country (2019-2024)
- 7.2 Europe Aqua Feed Sales by Type
- 7.3 Europe Aqua Feed Sales by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 8 Middle East & Africa
- 8.1 Middle East & Africa Aqua Feed by Country
- 8.1.1 Middle East & Africa Aqua Feed Sales by Country (2019-2024)
- 8.1.2 Middle East & Africa Aqua Feed Revenue by Country (2019-2024)
- 8.2 Middle East & Africa Aqua Feed Sales by Type
- 8.3 Middle East & Africa Aqua Feed Sales by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
- 9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers & Growth Opportunities
- 9.2 Market Challenges & Risks
- 9.3 Industry Trends
- 10 Manufacturing Cost Structure Analysis
- 10.1 Raw Material and Suppliers
- 10.2 Manufacturing Cost Structure Analysis of Aqua Feed
- 10.3 Manufacturing Process Analysis of Aqua Feed
- 10.4 Industry Chain Structure of Aqua Feed
- 11 Marketing, Distributors and Customer
- 11.1 Sales Channel
- 11.1.1 Direct Channels
- 11.1.2 Indirect Channels
- 11.2 Aqua Feed Distributors
- 11.3 Aqua Feed Customer
- 12 World Forecast Review for Aqua Feed by Geographic Region
- 12.1 Global Aqua Feed Market Size Forecast by Region
- 12.1.1 Global Aqua Feed Forecast by Region (2025-2030)
- 12.1.2 Global Aqua Feed Annual Revenue Forecast by Region (2025-2030)
- 12.2 Americas Forecast by Country
- 12.3 APAC Forecast by Region
- 12.4 Europe Forecast by Country
- 12.5 Middle East & Africa Forecast by Country
- 12.6 Global Aqua Feed Forecast by Type
- 12.7 Global Aqua Feed Forecast by Application
- 13 Key Players Analysis
- 13.1 Nutreco
- 13.1.1 Nutreco Company Information
- 13.1.2 Nutreco Aqua Feed Product Portfolios and Specifications
- 13.1.3 Nutreco Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.1.4 Nutreco Main Business Overview
- 13.1.5 Nutreco Latest Developments
- 13.2 Haid Group
- 13.2.1 Haid Group Company Information
- 13.2.2 Haid Group Aqua Feed Product Portfolios and Specifications
- 13.2.3 Haid Group Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.2.4 Haid Group Main Business Overview
- 13.2.5 Haid Group Latest Developments
- 13.3 Tongwei Group
- 13.3.1 Tongwei Group Company Information
- 13.3.2 Tongwei Group Aqua Feed Product Portfolios and Specifications
- 13.3.3 Tongwei Group Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.3.4 Tongwei Group Main Business Overview
- 13.3.5 Tongwei Group Latest Developments
- 13.4 BioMar
- 13.4.1 BioMar Company Information
- 13.4.2 BioMar Aqua Feed Product Portfolios and Specifications
- 13.4.3 BioMar Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.4.4 BioMar Main Business Overview
- 13.4.5 BioMar Latest Developments
- 13.5 Cargill
- 13.5.1 Cargill Company Information
- 13.5.2 Cargill Aqua Feed Product Portfolios and Specifications
- 13.5.3 Cargill Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.5.4 Cargill Main Business Overview
- 13.5.5 Cargill Latest Developments
- 13.6 CP Group
- 13.6.1 CP Group Company Information
- 13.6.2 CP Group Aqua Feed Product Portfolios and Specifications
- 13.6.3 CP Group Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.6.4 CP Group Main Business Overview
- 13.6.5 CP Group Latest Developments
- 13.7 Evergreen Feed
- 13.7.1 Evergreen Feed Company Information
- 13.7.2 Evergreen Feed Aqua Feed Product Portfolios and Specifications
- 13.7.3 Evergreen Feed Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.7.4 Evergreen Feed Main Business Overview
- 13.7.5 Evergreen Feed Latest Developments
- 13.8 New Hope Group
- 13.8.1 New Hope Group Company Information
- 13.8.2 New Hope Group Aqua Feed Product Portfolios and Specifications
- 13.8.3 New Hope Group Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.8.4 New Hope Group Main Business Overview
- 13.8.5 New Hope Group Latest Developments
- 13.9 Grobest
- 13.9.1 Grobest Company Information
- 13.9.2 Grobest Aqua Feed Product Portfolios and Specifications
- 13.9.3 Grobest Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.9.4 Grobest Main Business Overview
- 13.9.5 Grobest Latest Developments
- 13.10 Yuehai Feed
- 13.10.1 Yuehai Feed Company Information
- 13.10.2 Yuehai Feed Aqua Feed Product Portfolios and Specifications
- 13.10.3 Yuehai Feed Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.10.4 Yuehai Feed Main Business Overview
- 13.10.5 Yuehai Feed Latest Developments
- 13.11 Ridley
- 13.11.1 Ridley Company Information
- 13.11.2 Ridley Aqua Feed Product Portfolios and Specifications
- 13.11.3 Ridley Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.11.4 Ridley Main Business Overview
- 13.11.5 Ridley Latest Developments
- 13.12 Alpha Feed
- 13.12.1 Alpha Feed Company Information
- 13.12.2 Alpha Feed Aqua Feed Product Portfolios and Specifications
- 13.12.3 Alpha Feed Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.12.4 Alpha Feed Main Business Overview
- 13.12.5 Alpha Feed Latest Developments
- 13.13 Dibaq Aquaculture
- 13.13.1 Dibaq Aquaculture Company Information
- 13.13.2 Dibaq Aquaculture Aqua Feed Product Portfolios and Specifications
- 13.13.3 Dibaq Aquaculture Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.13.4 Dibaq Aquaculture Main Business Overview
- 13.13.5 Dibaq Aquaculture Latest Developments
- 13.14 DBN
- 13.14.1 DBN Company Information
- 13.14.2 DBN Aqua Feed Product Portfolios and Specifications
- 13.14.3 DBN Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.14.4 DBN Main Business Overview
- 13.14.5 DBN Latest Developments
- 13.15 Uni-President Vietnam
- 13.15.1 Uni-President Vietnam Company Information
- 13.15.2 Uni-President Vietnam Aqua Feed Product Portfolios and Specifications
- 13.15.3 Uni-President Vietnam Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.15.4 Uni-President Vietnam Main Business Overview
- 13.15.5 Uni-President Vietnam Latest Developments
- 13.16 Aller Aqua
- 13.16.1 Aller Aqua Company Information
- 13.16.2 Aller Aqua Aqua Feed Product Portfolios and Specifications
- 13.16.3 Aller Aqua Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.16.4 Aller Aqua Main Business Overview
- 13.16.5 Aller Aqua Latest Developments
- 13.17 GreenFeed
- 13.17.1 GreenFeed Company Information
- 13.17.2 GreenFeed Aqua Feed Product Portfolios and Specifications
- 13.17.3 GreenFeed Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.17.4 GreenFeed Main Business Overview
- 13.17.5 GreenFeed Latest Developments
- 13.18 Proconco
- 13.18.1 Proconco Company Information
- 13.18.2 Proconco Aqua Feed Product Portfolios and Specifications
- 13.18.3 Proconco Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.18.4 Proconco Main Business Overview
- 13.18.5 Proconco Latest Developments
- 13.19 Avanti Feeds
- 13.19.1 Avanti Feeds Company Information
- 13.19.2 Avanti Feeds Aqua Feed Product Portfolios and Specifications
- 13.19.3 Avanti Feeds Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.19.4 Avanti Feeds Main Business Overview
- 13.19.5 Avanti Feeds Latest Developments
- 13.20 Gold Coin
- 13.20.1 Gold Coin Company Information
- 13.20.2 Gold Coin Aqua Feed Product Portfolios and Specifications
- 13.20.3 Gold Coin Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.20.4 Gold Coin Main Business Overview
- 13.20.5 Gold Coin Latest Developments
- 13.21 Vitapro
- 13.21.1 Vitapro Company Information
- 13.21.2 Vitapro Aqua Feed Product Portfolios and Specifications
- 13.21.3 Vitapro Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.21.4 Vitapro Main Business Overview
- 13.21.5 Vitapro Latest Developments
- 13.22 Tianma Tech
- 13.22.1 Tianma Tech Company Information
- 13.22.2 Tianma Tech Aqua Feed Product Portfolios and Specifications
- 13.22.3 Tianma Tech Aqua Feed Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.22.4 Tianma Tech Main Business Overview
- 13.22.5 Tianma Tech Latest Developments
- 14 Research Findings and Conclusion
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