Aquafeed Market

Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region – Global Forecast to 2025

Report Code: AGI 2681 Oct, 2019, by marketsandmarkets.com

[164 Pages Report] The aquafeed market is estimated to account for USD 47.3 billion in 2019 and is projected to reach USD 71.7 billion by 2025, recording a CAGR of 7.2% during the forecast period. The market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets.

Aquafeeds Market

On the basis of ingredient, the soybean segment is estimated to account for a major share, in terms of value, in 2019.

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. Since soybean meal is priced significantly lesser than fishmeal, the consumption of soybean meal is high.

The amino acids segment, by additive, is projected to dominate the aquafeed market during the forecast period.

Amino acids are important in animal nutrition and are the building blocks of protein, which play an essential 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. Owing to these factors, the amino acids segment dominates the aquafeed market, by additive.

On the basis of species, the fish segment is projected to witness higher growth in the aquafeed market.

The aquafeed market, by species, is segmented into fish, crustaceans, mollusks, and others (turtles and sea urchins). Fish farming in ponds, lakes, rivers, and coastal waters is increasing to fill the gap between demand and supply. The increase in fish farming activities and aquaculture has led to the increased demand for fish feed. Among fish, carp and tilapia are high consumers of aquafeed. Also, carps are being extensively reared, owing to their adaptability to changing climates, while Tilapia culturing has increased in recent years due to the growing supply of high-quality protein tilapia species at lower prices.

Aquafeeds Market

Asia Pacific is projected to witness the highest growth in the aquafeed market during the forecast period.

The global aquafeed market was dominated by Asia Pacific in 2018, in terms of value and volume; this market is majorly driven by China, which is a major producer of aquafeed. China is the leading producer, consumer, and processor of aquaculture products, contributing to about one-third to the global supply. Moreover, the processed seafood market in the region is also currently undergoing a significant transformation in response to the rapid urbanization and diet diversification.

Key Market Players

Many domestic and global players provide aquafeed products to improve fish health. Major manufacturers have their presence in the North American and European countries. The report scope has been restricted to the market for commercial aquafeed products marketed across the globe. The key companies in the aquafeed market are Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia). Various strategies, such as expansions & investments, partnerships, collaborations, and agreements, were adopted by the key companies to remain competitive in the aquafeed market.

Scope of the report

Report Metric

Details

Market size estimation

2017–2025

Base year considered

2018

Forecast period considered

2019–2025

Units considered

Value (USD) & Volume (KT)

Segments covered

Species, Ingredient, Lifecycle, Form, Additive, and Region

Regions covered

North America, Asia Pacific, Europe, South America, and RoW

Companies studied

Cargill (US), Archer Daniels Midland Company (US), Alltech (US), Purina Animal Nutrition (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

This research report categorizes the aquafeed market based on species, ingredient, lifecycle, form, additive, and region.

Target Audience

  • Aquafeed manufacturers and suppliers
  • Aquafeed distributors, importers, and exporters
  • Research institutions
  • Government bodies
  • Distributors
  • End users (Aquafarms, aqua breeders, and seafood processors)

Species

  • Fish
  • Crustaceans
  • Mollusks
  • Others (miscellaneous freshwater and diadromous fish species)

Form

  • Dry
  • Wet
  • Moist

Lifecycle

  • Starter feed
  • Grower feed
  • Finisher feed
  • Brooder feed

Ingredient

  • Soybean
  • Corn
  • Fishmeal
  • Fish oil
  • Additives
  • Others (DDGS, wheat, barley, poultry by-product meal, and blood meal)

Additive

  • Antibiotics
  • Vitamins & minerals
  • Antioxidants
  • Amino acids
  • Enzymes
  • Probiotics & prebiotics
  • Others (acidifiers, mycotoxin binders, phosphates, and carotenoids)

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW) (Middle East and Africa)

Key questions addressed by the report:

  • Which region will account for the highest share in the aquafeed market?
  • How would the fluctuations in ingredient prices impact the growth of the aquafeed market globally?
  • What is the level of support offered by governments across these countries to aquafeed manufacturers?
  • Which are the key players in the market and how intense is the competition?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Volume Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Opportunities in this Market
    4.2 Aquafeed Market, By Species & Region, 2018
    4.3 Asia Pacific: Aquafeed Market, By Ingredient & Country
    4.4 Market, By Form
    4.5 Market, By Key Country

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth in the Aquaculture Industry
                    5.2.1.2 Rise in Seafood Trade Propelling the Demand
           5.2.2 Restraints
                    5.2.2.1 Fluctuations in Raw Material Prices
           5.2.3 Opportunities
                    5.2.3.1 Growth in Support From Governments
                    5.2.3.2 Development of Innovative Products as A Source of Protein
           5.2.4 Challenges
                    5.2.4.1 Growth in Environmental and Human Health Concerns
    5.3 Regulatory Framework
           5.3.1 China
           5.3.2 European Union
           5.3.3 Japan
           5.3.4 South Africa
    5.4 Value Chain Framework

6 Aquafeed Market, By Ingredient (Page No. - 41)
    6.1 Introduction
    6.2 Soybean
           6.2.1 Processed Soybean is the World’s Largest Source of Animal Protein Feed
                    6.2.1.1 Soybean Meal
                    6.2.1.2 Soy Oil
                    6.2.1.3 Soy Lecithin
    6.3 Fishmeal
           6.3.1 Fishmeal Improves the Overall Efficiency of the Feed and Aids in Digestion
    6.4 Corn
           6.4.1 Corn Oil is A Low-Cost Alternative to Animal Feed Proteins Used in Aquaculture
                    6.4.1.1 Corn Gluten Meal
                    6.4.1.2 Corn Gluten Feed
                    6.4.1.3 Corn Oil
    6.5 Fish Oil
           6.5.1 Fish Oil is A Valuable Feed Ingredient for the Aquaculture Industry
    6.6 Additives
           6.6.1 The Growing Demand for High-Protein Diets is Aiding the Growth of Additives
    6.7 Others
           6.7.1 Wheat has Good Pellet-Binding Properties Due to Which It is Preferred in Feed as an Alternative Ingredient

7 Aquafeed Market, By Additive (Page No. - 49)
    7.1 Introduction
    7.2 Amino Acids
           7.2.1 Amino Acids Aid in Overcoming Dietary Deficiencies in Aquatic Animals
    7.3 Vitamins & Minerals
           7.3.1 Vitamins Aid in Coping With the Deficiencies and Deformities in Young, Developing Fish
    7.4 Probiotics & Prebiotics
           7.4.1 Use of Probiotics & Prebiotics Enhancing the Gut Health of Aquatic Animals
    7.5 Enzymes
           7.5.1 Feed Enzymes Aid in Nutrient Absorption Due to Which Its Application is Growing in Feed
    7.6 Antibiotics
           7.6.1 Outbreak of Infectious Diseases in Aquatic Animals Leading to the Adoption of Antibiotics
    7.7 Antioxidants
           7.7.1 Rise in Demand for Fish Feed Steering the Growth of Antioxidants as an Additive
    7.8 Others
           7.8.1 Addition of Carotenoids Enhancing the Commercial Value of Fish

8 Aquafeed Market, By Species (Page No. - 56)
    8.1 Introduction
    8.2 Fish
           8.2.1 Fish is the Largest Consumer of Aquafeed Ingredients Among All Species
           8.2.2 Tilapia
           8.2.3 Salmon
           8.2.4 Carp
           8.2.5 Trout
           8.2.6 Others
    8.3 Crustaceans
           8.3.1 Growth in Shrimp Production to Boost the Aquafeed Consumption Among Crustaceans
           8.3.2 Shrimp
           8.3.3 Crabs
           8.3.4 Krill
           8.3.5 Others
    8.4 Mollusks
           8.4.1 Oysters and Mussels are the Most Widely Cultured Groups Under Mollusks
           8.4.2 Oysters
           8.4.3 Mussels
           8.4.4 Others
    8.5 Others

9 Aquafeed Market, By Form (Page No. - 64)
    9.1 Introduction
    9.2 Dry Form
           9.2.1 The Free-Flowing Structure and Consistency of the Dry Aquafeed Makes It A Preferred Form
    9.3 Wet Form
           9.3.1 The Wet Form of Feed is Used to Meet the Requirements of Carnivorous Fish
    9.4 Moist Form
           9.4.1 The Moist Form is More Palatable to Aquatic Animals Due to Its Soft Consistency

10 Aquafeed Market, By Lifecycle (Page No. - 69)
     10.1 Introduction
     10.2 Grower Feed
             10.2.1 Grower Feed is Administered to Meet the Protein Requirements of Small Fish
     10.3 Finisher Feed
             10.3.1 Protein Levels in Finisher Feed Vary By Different Shrimp Species
     10.4 Starter Feed
             10.4.1 Starter Feed Aids in Improving the Digestion and Nutritional Intake of Small Aquatic Animals
     10.5 Brooder Feed
             10.5.1 Brooders Ought to Receive Natural Food Ingredients and Artificial Feeds to Ensure Better Reproduction

11 Aquafeed Market, By Region (Page No. - 75)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 Growth in Affinity Toward the Consumption of Seafood Products to Drive Growth
             11.2.2 Mexico
                        11.2.2.1 Government Initiatives to Promote the Consumption of Seafood to Drive Growth
             11.2.3 Canada
                        11.2.3.1 Rise in Market Exports to Promote the Aquafeed Market in the Country
     11.3 Europe
             11.3.1 Norway
                        11.3.1.1 The Thriving Aquaculture Industry is Expected to Drive the Market for Aquafeed
             11.3.2 Greece
                        11.3.2.1 Increase in Seafood Production to Drive the Market for Aquafeed
             11.3.3 UK
                        11.3.3.1 Rise in Seafood Consumption Driving the Market for Aquafeed
             11.3.4 Russia
                        11.3.4.1 Government Incentives are Expected to Propel the Market for Aquafeed
             11.3.5 Spain
                        11.3.5.1 The Country’s Vast Mollusk Population Drives the Aquafeed Market
             11.3.6 Rest of Europe
                        11.3.6.1 Growth in Seafood Production in the Region is Expected to Drive Growth
     11.4 Asia Pacific
             11.4.1 China
                        11.4.1.1 Growth in the Aquaculture Industry to Propel the Market Growth for Aquafeed
             11.4.2 Vietnam
                        11.4.2.1 Seafood Forming: an Important Dietary Requirement to Drive Growth
             11.4.3 Thailand
                        11.4.3.1 Rise in Demand for Exotic Seafood Products to Drive the Market for Aquafeed
             11.4.4 Indonesia
                        11.4.4.1 Increase in Production From Freshwater Aquaculture to Drive Growth
             11.4.5 India
                        11.4.5.1 A Shift Toward Intensive Aquafarming is Expected to Propel Market Growth
             11.4.6 Rest of Asia Pacific
                        11.4.6.1 Seafood is Considered A Healthy Dietary Constituent to Drive Market Growth
     11.5 South America
             11.5.1 Chile
                        11.5.1.1 Large Fish Farming Areas and Suitable Climatic Conditions Aid Market Growth for Aquafeed in the Country
             11.5.2 Brazil
                        11.5.2.1 Favorable Government Opportunities Formulated to Propel Aquaculture in the Country
             11.5.3 Rest of South America
                        11.5.3.1 Increased Demand for Aquaculture Products has Been Driving the Demand for Aquafeed Products in the Region
     11.6 Rest of the World
             11.6.1 Africa
                        11.6.1.1 Low Development of Aquaculture has Led to A Smaller Market for Aquafeed in the Region
             11.6.2 Middle East
                        11.6.2.1 Rise in Demand for Value-Added Processed Seafood Products to Drive Market Growth

12 Competitive Landscape (Page No. - 116)
     12.1 Overview
     12.2 Competitive Leadership Mapping
             12.2.1 Dynamic Differentiators
             12.2.2 Innovators
             12.2.3 Visionary Leaders
             12.2.4 Emerging Companies
     12.3 Competitive Leadership Mapping (For Start-UPS/SMEs)
             12.3.1 Emerging Leaders
             12.3.2 Starting Blocks
             12.3.3 Progressive Companies
             12.3.4 Dynamic Capitalizers
     12.4 Competitive Scenario
             12.4.1 New Product Launches
             12.4.2 Expansions & Investments
             12.4.3 Acquisitions
             12.4.4 Partnerships, Joint Ventures, Collaborations, and Agreements

13 Company Profiles (Page No. - 124)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
     13.1 Archer Daniels Midland Company
     13.2 Cargill
     13.3 Ridley Corporation Limited
     13.4 Nutreco
     13.5 Alltech
     13.6 Purina Animal Nutrition
     13.7 Nutriad
     13.8 Aller Aqua A/S
     13.9 Biomin
     13.1 Biomar
     13.11 Norel Animal Nutrition
     13.12 Avanti Feeds Limited
     13.13 Deheus
     13.14 Novus International
     13.15 Biostadt India Limited
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 158)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (118 Tables)

Table 1 USD Exchange Rates, 2014–2018
Table 2 Aquafeed Market Snapshot (Value), 2019 vs 2025
Table 3 Global Aquaculture Production, 2011–2016 (Million Tonne)
Table 4 Top Exporters and Importers of Fish & Fish Products, 2016 (USD Million)
Table 5 Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 6 Soybean Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 7 Fishmeal Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 8 Corn Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 9 Fish Oil Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 10 Aquafeed Additives Market Size, By Region, 2017–2025 (USD Million)
Table 11 Other Aquafeed Ingredients Market Size, By Region, 2017–2025 (USD Million)
Table 12 Market Size for Aquafeed, By Additive, 2017–2025 (USD Million)
Table 13 Aquafeed Market Size for Amino Acids, By Region, 2017–2025 (USD Million)
Table 14 Aquafeed Market Size for Vitamins & Minerals, By Region, 2017–2025 (USD Million)
Table 15 Aquafeed Market Size for Prebiotics & Probiotics, By Region, 2017–2025 (USD Million)
Table 16 Aquafeed Market Size for Enzymes, By Region, 2017–2025 (USD Million)
Table 17 Aquafeed Market Size for Antibiotics, By Region, 2017–2025 (USD Million)
Table 18 Aquafeed Market Size for Antioxidants, By Region, 2017–2025 (USD Million)
Table 19 Aquafeed Market Size for Other Additives, By Region, 2017–2025 (USD Million)
Table 20 Aquafeed Market Size, By Species, 2017–2025 (USD Million)
Table 21 Aquafeed Market Size for Fish, By Region, 2017–2025 (USD Million)
Table 22 Aquafeed Market Size for Fish, By Subtype, 2017–2025 (USD Million)
Table 23 Aquafeed Market Size for Crustaceans, By Region, 2017–2025 (USD Million)
Table 24 Aquafeed Market Size for Crustaceans, By Subtype, 2017–2025 (USD Million)
Table 25 Aquafeed Market Size for Mollusks, By Region, 2017–2025 (USD Million)
Table 26 Aquafeed Market Size for Mollusks, By Subtype, 2017–2025 (USD Million)
Table 27 Aquafeed Market Size for Other Species, By Region, 2017–2025 (USD Million)
Table 28 Aquafeed Market Size, By Form, 2017–2025 (USD Million)
Table 29 Dry Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 30 Wet Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 31 Moist Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 32 Feed Formulae and Proximate Composition of the Commonly Used Pellet Feed for Nile Tilapia
Table 33 Aquafeed Market Size, By Lifecycle, 2017–2025 (USD Million)
Table 34 Grower Aquafeed Market Size , By Region, 2017–2025 (USD Million)
Table 35 Finisher Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 36 Starter Aquafeed Market Size , By Region, 2017–2025 (USD Million)
Table 37 Brooder Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 38 Market Size for Aquafeed, By Region, 2017–2025 (USD Million)
Table 39 Market Size for Aquafeed, By Region, 2017–2025 (KT)
Table 40 North America: Aquafeed Market Size, By Country, 2017–2025 (USD Million)
Table 41 North America: Market Size, By Species, 2017–2025 (USD Million)
Table 42 North America: Market Size, By Ingredient, 2017–2025 (USD Million)
Table 43 North America: Market Size, By Ingredient, 2017–2025 (KT)
Table 44 North America: Market Size, By Additive, 2017–2025 (USD Thousand)
Table 45 North America: Market Size, By Lifecycle, 2017–2025 (USD Million)
Table 46 North America: Market Size, By Form, 2017–2025 (USD Million)
Table 47 US: Aquafeed Market Size, By Ingredient, 2017–2025 (USD Million)
Table 48 US: Market Size, By Ingredient, 2017–2025 (KT)
Table 49 Mexico: Aquafeed Market Size, By Ingredient, 2017–2025 (USD Million)
Table 50 Mexico: Market Size, By Ingredient, 2017–2025 (KT)
Table 51 Canada: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 52 Canada: Market Size, By Ingredient, 2017–2025 (KT)
Table 53 Europe: Market Size for Aquafeed, By Country, 2017–2025 (USD Million)
Table 54 Europe: Market Size, By Species, 2017–2025 (USD Million)
Table 55 Europe: Market Size, By Ingredient, 2017–2025 (USD Million)
Table 56 Europe: Market Size, By Ingredient, 2017–2025 (KT)
Table 57 Europe: Market Size, By Additive, 2017–2025 (USD Million)
Table 58 Europe: Market Size, By Lifecycle, 2017–2025 (USD Million)
Table 59 Europe: Market Size, By Form, 2017–2025 (USD Million)
Table 60 Norway: Aquafeed Market Size, By Ingredient, 2017–2025 (USD Million)
Table 61 Norway: Market Size, By Ingredient, 2017–2025 (KT)
Table 62 Greece: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 63 Greece: Market Size, By Ingredient, 2017–2025 (KT)
Table 64 UK: Aquafeed Market Size, By Ingredient, 2017–2025 (USD Million)
Table 65 UK: Market Size, By Ingredient, 2017–2025 (KT)
Table 66 Russia: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 67 Russia: Market Size, By Ingredient, 2017–2025 (KT)
Table 68 Spain: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 69 Spain: Market Size, By Ingredient, 2017–2025 (KT)
Table 70 Rest of Europe: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 71 Rest of Europe: Market Size, By Ingredient, 2017–2025 (KT)
Table 72 Asia Pacific: Aquafeed Market Size, By Country, 2017–2025 (USD Million)
Table 73 Asia Pacific: Market Size, By Species, 2017–2025 (USD Million)
Table 74 Asia Pacific: Market Size, By Ingredient, 2017–2025 (USD Million)
Table 75 Asia Pacific: Market Size, By Ingredient, 2017–2025 (KT)
Table 76 Asia Pacific: Market Size, By Additive, 2017–2025 (USD Million)
Table 77 Asia Pacific: Market Size, By Lifecycle, 2017–2025 (USD Million)
Table 78 Asia Pacific: Market Size, By Form, 2017–2025 (USD Million)
Table 79 China: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 80 China: Market Size, By Ingredient, 2017–2025 (KT)
Table 81 Vietnam: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 82 Vietnam: Market Size, By Ingredient, 2017–2025 (KT)
Table 83 Thailand: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 84 Thailand: Market Size, By Ingredient, 2017–2025 (KT)
Table 85 Indonesia: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 86 Indonesia: Market Size, By Ingredient, 2017–2025 (KT)
Table 87 India: Aquafeed Market Size, By Ingredient, 2017–2025 (USD Million)
Table 88 India: Market Size, By Ingredient, 2017–2025 (KT)
Table 89 Rest of Asia Pacific: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 90 Rest of Asia Pacific: Market Size, By Ingredient, 2017–2025 (KT)
Table 91 South America: Aquafeed Market Size, By Country, 2017–2025 (USD Million)
Table 92 South America: Market Size, By Species, 2017–2025 (USD Million)
Table 93 South America: Market Size, By Ingredient, 2017–2025 (USD Million)
Table 94 South America: Market Size, By Ingredient, 2017–2025 (Ton)
Table 95 South America: Market Size, By Additive, 2017–2025 (USD Million)
Table 96 South America: Market Size, By Lifecycle, 2017–2025 (USD Million)
Table 97 South America: Market Size, By Form, 2017–2025 (USD Million)
Table 98 Chile: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 99 Chile: Market Size, By Ingredient, 2017–2025 (KT)
Table 100 Brazil: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 101 Brazil: Market Size, By Ingredient, 2017–2025 (KT)
Table 102 Rest of South America: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 103 Rest of South America: Market Size, By Ingredient, 2017–2025 (KT)
Table 104 RoW: Aquafeed Market Size, By Region, 2017–2025 (USD Million)
Table 105 RoW: Market Size, By Species, 2017–2025 (USD Million)
Table 106 RoW: Market Size, By Ingredient, 2017–2025 (USD Million)
Table 107 RoW: Market Size, By Ingredient, 2017–2025 (KT)
Table 108 RoW: Market Size, By Additive, 2017–2025 (USD Thousand)
Table 109 RoW: Market Size, By Lifecycle, 2017–2025 (USD Million)
Table 110 RoW: Market Size, By Form, 2017–2025 (USD Million)
Table 111 Africa: Market Size for Aquafeed, By Ingredient, 2017–2025 (USD Million)
Table 112 Africa: Market Size, By Ingredient, 2017–2025 (KT)
Table 113 Middle East: Aquafeed Market Size, By Ingredient, 2017–2025 (USD Million)
Table 114 Middle East: Market Size, By Ingredient, 2017–2025 (KT)
Table 115 New Product Launches, 2013–2019
Table 116 Expansions & Investments, 2013–2019
Table 117 Acquisitions, 2013–2019
Table 118 Partnerships, Joint Ventures, Collaborations, and Agreements, 2013–2019


List of Figures (32 Figures)

Figure 1 Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Aquafeed Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Aquafeed Market Size, By Ingredient, 2019 vs 2025 (USD Million)
Figure 9 Market Size for Aquafeed, By Lifecycle, 2019 vs 2025 (USD Million)
Figure 10 Market Size for Aquafeed, By Additive, 2019 vs 2025 (USD Million)
Figure 11 Aquafeed Market Share (Value), By Region, 2018
Figure 12 Increase in Consumption of Seafood and Growth in the Aquaculture Industry to Support Market Growth
Figure 13 Asia Pacific Was the Largest Consumer of Aquafeed Across the Globe in 2018
Figure 14 China Was the Dominant Consumer of Aquafeed in 2018
Figure 15 Aquafeed in the Dry Form Was Widely Consumed in 2018
Figure 16 Asian Countries are Projected to Witness High Growth During the Forecast Period
Figure 17 Aquafeed Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Aquafeed: Value Chain Framework
Figure 19 Aquafeed Market Size, By Ingredient, 2019 vs 2025 (USD Million)
Figure 20 Market Size for Aquafeed, By Additive, 2019 vs 2025 (USD Million)
Figure 21 Market Size for Aquafeed, By Species, 2019 vs 2025 (USD Million)
Figure 22 Market Size for Aquafeed, By Form, 2019 vs 2025 (USD Million)
Figure 23 Market Size for Aquafeed, By Lifecycle, 2019 vs 2025 (USD Million)
Figure 24 Vietnam to Record the Highest Growth Rate in the Aquafeed Market During the Forecast Period
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Aquafeed Market: Competitive Leadership Mapping, 2019
Figure 27 Key Developments of the Leading Players in the Aquafeed Market, 2013–2019
Figure 28 Aquafeed Market: Competitive Leadership Mapping for Start-Ups/SMEs, 2019
Figure 29 Archer Daniels Midland Company: Company Snapshot
Figure 30 Cargill: Company Snapshot
Figure 31 Ridley Corporation Limited: Company Snapshot
Figure 32 Purina Animal Nutrition: Company Snapshot

The study involved four major activities in estimating the market size for aquafeed. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, animal feed organizations, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders, such as aquafeed manufacturers, suppliers, and feed additive manufacturers and traders in the supply chain. The demand side of this market is characterized by increasing seafood consumption and trade. The supply side is characterized by advancements in aquafeed ingredients and growing consumer preference for fishmeal alternatives in developed countries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Given below is the breakdown of the primary respondents.

Aquafeeds Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the aquafeed market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, such as manufacturers, institutions, and other intermediaries of aquafeed.

Report Objectives

  • To describe and forecast the aquafeed market, in terms of ingredient, species, form, additive, lifecycle, and region
  • To describe and forecast the aquafeed market, in terms of value, by region–Asia Pacific, Europe, North America, South America, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of aquafeed
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the aquafeed market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze strategic approaches such as mergers & acquisitions, investments & divestments, expansions, product launches, agreements, collaborations and partnerships in the aquafeed market

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further country-wise breakdown of the market into Asia Pacific and Europe, based on site of operation

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
Report Code
AGI 2681
Published ON
Oct, 2019
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