Aquaculture Feed and Ingredient Market was valued at USD 30 Billion in 2022 and is projected to reach USD 45 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global aquaculture feed and ingredient market was valued at approximately USD 50 billion in 2022, with a compound annual growth rate (CAGR) of 5.5% expected over the forecast period from 2023 to 2030. This growth is driven by rising demand for seafood, both for direct human consumption and as ingredients in food production. As the global population increases, the pressure on traditional fishing practices has led to a surge in aquaculture, pushing the need for high-quality feed and ingredients. The expansion of commercial aquaculture in developing regions such as Asia-Pacific and Latin America is anticipated to significantly contribute to the market's overall growth, with these areas collectively holding a substantial share of the market.Opportunities for expansion in this market are abundant, with emerging trends such as the development of sustainable and alternative feed ingredients, like insect-based proteins and plant-based materials, gaining traction. The growing focus on improving the nutritional content of aquaculture feed, alongside regulations aimed at enhancing environmental sustainability, further presents opportunities for innovation. Regions like Southeast Asia, where aquaculture is a key industry, are poised for rapid growth, while markets in Africa are also emerging as new frontiers for aquaculture feed production and investment.
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Charoen Pokphand Group
New Hope Group
Cargill
Land O'Lakes
Wens Foodstuff Group
Haid Group
BRF S.A.
ForFarmers
Tyson Foods
Nutreco
De Heus Animal Nutrition
Twins Group
JA Zen-Noh
Alltech
ACOLID
LIYUAN GROUP
Royal Agrifirm Group
NACF
Aller Aqua
WH Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aquaculture Feed and Ingredient Market
Fish Feed
Shrimp Feed
Crab Feed
Others
Based on Types the Market is categorized into Below types that held the largest Aquaculture Feed and Ingredient market share In 2023.
Completed Feed
Concentrated Feed
Premixed Feed
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aquaculture Feed and Ingredient Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aquaculture Feed and Ingredient Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aquaculture Feed and Ingredient Market, By Type
6. Global Aquaculture Feed and Ingredient Market, By Application
7. Global Aquaculture Feed and Ingredient Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aquaculture Feed and Ingredient Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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