The Aquafeed Market is projected to reach USD 89.74 billion by 2033, up from USD 59.41 billion in 2023, expanding at a compound annual growth rate (CAGR) of 5.59% from 2023 to 2033. This market involves the commercial production and sale of specialized feed for aquatic animals raised in aquaculture, such as fish, prawns, mollusks, and crabs. Significant growth in this sector is driven by the increasing demand for seafood products and the depletion of wild fish stocks. Aquafeed is essential in aquaculture, providing vital nutrients that support the immune system, growth, and overall health of aquatic organisms. High-quality aquafeed is customized to meet the specific nutritional needs of various species and age groups, promoting their optimal development. Growth factors include the rise in direct human consumption of fish, government initiatives promoting high-quality feed usage, and increasing per capita income in developing nations.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Form (Dry, Wet, Moist, Others)
By Lifecycle (Starter Feed, Grower Feed, Finisher Feed, Brooder Feed, Others)
By Application (Carp, Rainbow Trout, Salmon, Crustaceans, Tilapia, Catfish, Seabass, Others)
By Ingredient (Animal By-Product, Grain By-Product, Oils & Fats, Additives, Others)
Key players
Alltech
BioMar
Ridley Corporation
Beneo
Cermaq
Norel Animal Nutrition
Biomin Holding
Archer Daniels Midland
Calanus
Avanti Feeds Ltd.
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