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 Jun, 2020, by marketsandmarkets.com
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Aquafeed Market

Global Aquafeed Market is estimated to grow at a CAGR of 7.2%

Drivers and Restraints:

The several factors analyzed in the report positively influence as well as negatively affect each of the sub-segments of the market. The thriving aquaculture industry has gradually paved the way for the increased organized production of seafood products, which is, in turn, boosting the aquaculture industry. The key drivers and restraints to the aquafeed market are enlisted below:

Key Drivers to Aquafeed Market include:

  1. Growth in the aquaculture industry
  2. Rise in seafood trade propelling the demand

Key restraint to the Aquafeed Market include:

  1. Fluctuations in raw material prices

Fluctuations in feed prices have impacted the farming of different fish species in several countries. The main consequence of the rising prices of ingredients is the shortage in the local supply of fish and unsecured future food supply. Small companies and rural farmers, in particular, are susceptible to these global changes.

Major ingredients segments impacting the aquafeed market are:

  1. Soybean
  2. Fish Meal
  3. Corn
  4. Fish Oil
  5. Additives

These key ingredients are traditionally used in recipes for commercial and on-farm aquaculture feeds and internationally traded commodities. The quality and cost-effectiveness of commercial feed are a primary concern for farmers and feed manufacturers. To produce quality feed, an understanding of the variations in ingredient cost, quality, and availability is critical.

Major additives segments impacting the aquafeed market are:

  1. Antibiotics
  2. Vitamins & minerals
  3. Antioxidants
  4. Amino acids
  5. Enzymes
  6. Probiotics & prebiotics

Feed additives are supplements that are intended to prevent and treat animal diseases. Aquaculture disease outbreaks, such as early mortality syndrome, have resulted in increased concerns over shrimp and fish health, and are driving the growth of aquafeed for the better health and disease protection of aquaculture.

Top market players for the aquafeed market include:

  1. Cargill (US)
  2. Archer Daniels Midland Company (US)
  3. Alltech (US)
  4. Purina Animal Nutrition (US)
  5. Nutreco N.V. (Netherlands)
  6. Ridley Corporation Ltd. (Australia).
  7. Nutriad (Belgium)
  8. Aller Aqua A/S (Denmark)
  9. Biomin (Austria)

[255 Pages Report] The aquafeed market is estimated to account for USD 50.6 billion in 2020 and is projected to reach USD 71.6 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.

Aquafeed 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.

Aquafeed Market by Region

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

The global market was dominated by Asia Pacific in 2020, 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 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

2020–2025

Base year considered

2018

Forecast period considered

2020–2025

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.

Report Scope:

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 (Middle East and Africa)

Recent Developments

  • In January 2019, ADM acquired Neovia (formerly known as InVivo NSA) (France) for USD 1.82 billion (Euro 1.54 billion). This acquisition would provide a strong platform for ADM’s future growth.
  • In November 2018, Cargill invested USD 70 million in Thailand to provide innovative technology to the aquaculture and poultry industries located in Thailand.
  • In June 2017, Nutreco completed the acquisition of Hi-Pro Feeds LP (Canada). The acquired entity would trade under its global brand, Trouw Nutrition.

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. - 30)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 AQUAFEED MARKET SEGMENTATION
           FIGURE 2 REGIONAL SEGMENTATION
    1.4 PERIODIZATION CONSIDERED
    1.5 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES, 2014–2019
    1.6 VOLUME UNIT CONSIDERED
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 3 AQUAFEED MARKET: RESEARCH DESIGN
           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
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 41)
     TABLE 2 AQUAFEED MARKET SNAPSHOT (VALUE), 2020 VS. 2025
     FIGURE 8 MARKET SIZE, BY INGREDIENT, 2020 VS. 2025 (USD MILLION)
     FIGURE 9 MARKET SIZE, BY LIFECYCLE, 2020 VS. 2025 (USD MILLION)
     FIGURE 10 MARKET SIZE, BY ADDITIVE, 2020 VS. 2025 (USD MILLION)
     FIGURE 11 MARKET SHARE (VALUE), BY REGION, 2020

4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 OPPORTUNITIES IN THE AQUAFEED MARKET
            FIGURE 12 INCREASE IN CONSUMPTION OF SEAFOOD AND GROWTH IN AQUACULTURE INDUSTRY TO SUPPORT MARKET GROWTH
    4.2 AQUAFEED MARKET, BY SPECIES & REGION, 2020
            FIGURE 13 ASIA PACIFIC TO BE THE LARGEST CONSUMER OF AQUAFEED IN 2020
    4.3 ASIA PACIFIC: MARKET, BY INGREDIENT & COUNTRY
            FIGURE 14 CHINA AND SOYBEAN TO DOMINATE AQUAFEED MARKET IN 2020
    4.4 MARKET, BY FORM
            FIGURE 15 AQUAFEED IN DRY FORM TO BE MOST WIDELY CONSUMED IN 2020
    4.5 MARKET, BY KEY COUNTRY
            FIGURE 16 CHINA IS PROJECTED TO WITNESS HIGHEST SHARE IN THE MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
            FIGURE 17 AQUAFEED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growth in the aquaculture industry
                               TABLE 3 GLOBAL AQUACULTURE PRODUCTION, 2011–2016 (MILLION TONNE)
                    5.2.1.2 Rise in seafood trade propelling the demand
                               TABLE 4 TOP EXPORTERS AND IMPORTERS OF FISH & FISH PRODUCTS, 2016 (USD MILLION)
           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
           5.2.5 COVID-19 IMPACT ON MARKET OVERVIEW OF AQUAFEED MARKET
                    5.2.5.1 The increasing Covid-19 impact on various aquafeed ingredients has affected the market and the seafood industry globally
                               FIGURE 18 AQUAFEED MARKET: PRE- & POST-COVID-19 SCENARIO
    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
           FIGURE 19 AQUAFEED: VALUE CHAIN FRAMEWORK

6 AQUAFEED MARKET, BY INGREDIENT (Page No. - 55)
    6.1 INTRODUCTION
           FIGURE 20 MARKET SIZE, BY INGREDIENTS, 2020 VS. 2025 (USD MILLION)
           TABLE 5 MARKET SIZE, BY INGREDIENTS, 2016–2019 (USD MILLION)
           TABLE 6 MARKET SIZE, BY INGREDIENTS, 2020–2025 (USD MILLION)
    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
                                   TABLE 7 MARKET SIZE FOR SOYBEAN, BY REGION, 2016–2019 (USD MILLION)
                                   TABLE 8 MARKET SIZE FOR SOYBEAN, BY REGION, 2020–2025 (USD MILLION)
    6.3 FISH MEAL
           6.3.1 FISHMEAL IMPROVES THE OVERALL EFFICIENCY OF THE FEED AND AIDS IN DIGESTION
                    TABLE 9 MARKET SIZE FOR FISH MEAL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 10 MARKET SIZE FOR FISH MEAL, BY REGION, 2020–2025 (USD MILLION)
    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
                               TABLE 11 MARKET SIZE FOR CORN, BY REGION, 2016–2019 (USD MILLION)
                               TABLE 12 MARKET SIZE FOR CORN, BY REGION, 2020–2025 (USD MILLION)
    6.5 FISH OIL
           6.5.1 FISH OIL IS A VALUABLE FEED INGREDIENT FOR THE AQUACULTURE INDUSTRY
                    TABLE 13 MARKET SIZE FOR FISH OIL, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 14 MARKET SIZE FOR FISH OIL, BY REGION, 2020–2025 (USD MILLION)
    6.6 ADDITIVES
           6.6.1 THE GROWING DEMAND FOR HIGH-PROTEIN DIETS IS AIDING THE GROWTH OF ADDITIVES
                    TABLE 15 MARKET SIZE FOR ADDITIVES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 16 MARKET SIZE FOR ADDITIVES, BY REGION, 2020–2025 (USD MILLION)
    6.7 OTHER INGREDIENTS
           6.7.1 WHEAT HAS GOOD PELLET-BINDING PROPERTIES DUE TO WHICH IT IS PREFERRED IN FEED AS AN ALTERNATIVE INGREDIENT
                    TABLE 17 MARKET SIZE FOR OTHER INGREDIENTS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 18 MARKET SIZE FOR OTHER INGREDIENTS, BY REGION, 2020–2025 (USD MILLION)

7 AQUAFEED MARKET, BY ADDITIVES (Page No. - 66)
    7.1 INTRODUCTION
           FIGURE 21 MARKET SIZE, BY ADDITIVES, 2020 VS. 2025 (USD MILLION)
           TABLE 19 MARKET SIZE, BY ADDITIVES, 2016–2019 (USD MILLION)
           TABLE 20 MARKET SIZE, BY ADDITIVES, 2020–2025 (USD MILLION)
    7.2 AMINO ACIDS
           7.2.1 AMINO ACIDS AID IN OVERCOMING DIETARY DEFICIENCIES IN AQUATIC ANIMALS
                    TABLE 21 MARKET SIZE FOR AMINO ACIDS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 22 MARKET SIZE FOR AMINO ACIDS, BY REGION, 2020–2025 (USD MILLION)
    7.3 VITAMINS & MINERALS
           7.3.1 VITAMINS AID IN COPING WITH THE DEFICIENCIES AND DEFORMITIES IN YOUNG, DEVELOPING FISH
                    TABLE 23 MARKET SIZE FOR VITAMINS & MINERALS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 24 MARKET SIZE FOR VITAMINS & MINERALS, BY REGION, 2020–2025 (USD MILLION)
    7.4 PREBIOTICS & PROBIOTICS
           7.4.1 USE OF PROBIOTICS & PREBIOTICS ENHANCING THE GUT HEALTH OF AQUATIC ANIMALS
                    TABLE 25 MARKET SIZE FOR PREBIOTICS & PROBIOTICS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 26 MARKET SIZE FOR PREBIOTICS & PROBIOTICS, BY REGION, 2020–2025 (USD MILLION)
    7.5 ENZYMES
           7.5.1 FEED ENZYMES AID IN NUTRIENT ABSORPTION DUE TO WHICH ITS APPLICATION IS GROWING IN FEED
                    TABLE 27 MARKET SIZE FOR ENZYMES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 28 MARKET SIZE FOR ENZYMES, BY REGION, 2020–2025 (USD MILLION)
    7.6 ANTIBIOTICS
           7.6.1 OUTBREAK OF INFECTIOUS DISEASES IN AQUATIC ANIMALS LEADING TO THE ADOPTION OF ANTIBIOTICS
                    TABLE 29 MARKET SIZE FOR ANTIBIOTICS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 30 MARKET SIZE FOR ANTIBIOTICS, BY REGION, 2020–2025 (USD MILLION)
    7.7 ANTIOXIDANTS
           7.7.1 RISE IN DEMAND FOR FISH FEED STEERING THE GROWTH OF ANTIOXIDANTS AS AN ADDITIVE
                    TABLE 31 MARKET SIZE FOR ANTIOXIDANTS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 32 MARKET SIZE FOR ANTIOXIDANTS, BY REGION, 2020–2025 (USD MILLION)
    7.8 OTHER ADDITIVES
           7.8.1 ADDITION OF CAROTENOIDS ENHANCING THE COMMERCIAL VALUE OF FISH
                    TABLE 33 MARKET SIZE FOR OTHER ADDITIVES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 34 MARKET SIZE FOR OTHER ADDITIVES, BY REGION, 2020–2025 (USD MILLION)

8 AQUAFEED MARKET, BY SPECIES (Page No. - 76)
    8.1 INTRODUCTION
           FIGURE 22 MARKET SIZE, BY SPECIES, 2020 VS. 2025 (USD MILLION)
           TABLE 35 MARKET SIZE, BY SPECIES, 2016–2019 (USD MILLION)
           TABLE 36 MARKET SIZE, BY SPECIES, 2020–2025 (USD MILLION)
    8.2 FISH
           8.2.1 FISH IS THE LARGEST CONSUMER OF AQUAFEED INGREDIENTS AMONG ALL SPECIES
                    TABLE 37 MARKET SIZE FOR FISH, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 38 MARKET SIZE FOR FISH, BY REGION, 2020–2025 (USD MILLION)
           8.2.2 TILAPIA
           8.2.3 SALMON
           8.2.4 CARP
           8.2.5 TROUT
           8.2.6 OTHER FISH SPECIES
                    TABLE 39 MARKET SIZE FOR FISH, BY SUB-TYPE, 2016–2019 (USD MILLION)
                    TABLE 40 MARKET SIZE FOR FISH, SUB-TYPE, 2020–2025 (USD MILLION)
    8.3 CRUSTACEANS
           8.3.1 GROWTH IN SHRIMP PRODUCTION TO BOOST THE AQUAFEED CONSUMPTION AMONG CRUSTACEANS
                    TABLE 41 MARKET SIZE FOR CRUSTACEANS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 42 MARKET SIZE FOR CRUSTACEANS, BY REGION, 2020–2025 (USD MILLION)
           8.3.2 SHRIMP
           8.3.3 CRABS
           8.3.4 KRILL
           8.3.5 OTHER CRUSTACEANS
                    TABLE 43 AQUAFEED MARKET SIZE FOR CRUSTACEANS, BY SUBTYPE, 2016–2019 (USD MILLION)
                    TABLE 44 AQUAFEED MARKET SIZE FOR CRUSTACEANS, BY SUBTYPE, 2020–2025 (USD MILLION)
    8.4 MOLLUSKS
           8.4.1 OYSTERS AND MUSSELS ARE THE MOST WIDELY CULTURED GROUPS UNDER MOLLUSKS
                    TABLE 45 MARKET SIZE FOR MOLLUSKS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 46 MARKET SIZE FOR MOLLUSKS, BY REGION, 2020–2025 (USD MILLION)
           8.4.2 OYSTERS
           8.4.3 MUSSELS
           8.4.4 OTHER MOLLUSKS
                    TABLE 47 AQUAFEED MARKET SIZE FOR MOLLUSKS, BY SUBTYPE, 2016–2019 (USD MILLION)
                    TABLE 48 AQUAFEED MARKET SIZE FOR MOLLUSKS, BY SUBTYPE, 2020–2025 (USD MILLION)
    8.5 OTHER SPECIES
           TABLE 49 AQUAFEED MARKET SIZE FOR OTHER SPECIES, BY REGION, 2016–2019 (USD MILLION)
           TABLE 50 AQUAFEED MARKET SIZE FOR OTHER SPECIES, BY REGION, 2020–2025 (USD MILLION)

9 AQUAFEED MARKET, BY FORM (Page No. - 87)
    9.1 INTRODUCTION
           FIGURE 23 MARKET SIZE, BY FORM, 2020 VS. 2025 (USD MILLION)
           TABLE 51 MARKET SIZE, BY FORM, BY REGION, 2016–2019 (USD MILLION)
           TABLE 52 MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
    9.2 DRY FORM
           9.2.1 THE FREE-FLOWING STRUCTURE AND CONSISTENCY OF THE DRY AQUAFEED MAKES IT A PREFERRED FORM
                    TABLE 53 DRY AQUAFEED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 54 DRY AQUAFEED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.3 WET FORM
           9.3.1 THE WET FORM OF FEED IS USED TO MEET THE REQUIREMENTS OF CARNIVOROUS FISH
                    TABLE 55 WET AQUAFEED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 56 WET AQUAFEED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.4 MOIST FORM
           9.4.1 THE MOIST FORM IS MORE PALATABLE TO AQUATIC ANIMALS DUE TO ITS SOFT CONSISTENCY
                    TABLE 57 MOIST AQUAFEED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 58 MOIST AQUAFEED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

10 AQUAFEED MARKET, BY LIFECYCLE (Page No. - 92)
     10.1 INTRODUCTION
             TABLE 59 FEED FORMULAE AND PROXIMATE COMPOSITION OF THE COMMONLY USED PELLET FEED FOR NILE TILAPIA
             FIGURE 24 AQUAFEED MARKET SIZE, BY LIFECYCLE, 2020 VS. 2025 (USD MILLION)
             TABLE 60 MARKET SIZE, BY LIFECYCLE, 2016–2019 (USD MILLION)
             TABLE 61 MARKET SIZE, BY LIFECYCLE, 2020–2025 (USD MILLION)
     10.2 GROWER FEED
             10.2.1 GROWER FEED IS ADMINISTERED TO MEET THE PROTEIN REQUIREMENTS OF SMALL FISH
                       TABLE 62 GROWER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 63 GROWER MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     10.3 FINISHER FEED
             10.3.1 PROTEIN LEVELS IN FINISHER FEED VARY BY DIFFERENT SHRIMP SPECIES
                       TABLE 64 FINISHER MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 65 FINISHER AQUAFEED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     10.4 STARTER FEED
             10.4.1 STARTER FEED AIDS IN IMPROVING THE DIGESTION AND NUTRITIONAL INTAKE OF SMALL AQUATIC ANIMALS
                       TABLE 66 STARTER AQUAFEED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 67 STARTER AQUAFEED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     10.5 BROODER FEED
             10.5.1 BROODERS OUGHT TO RECEIVE NATURAL FOOD INGREDIENTS AND ARTIFICIAL FEEDS TO ENSURE BETTER REPRODUCTION
                       TABLE 68 BROODER AQUAFEED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 69 BROODER AQUAFEED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

11 AQUAFEED MARKET, BY REGION (Page No. - 99)
     11.1 INTRODUCTION
             FIGURE 25 VIETNAM TO RECORD THE HIGHEST GROWTH RATE IN THE AQUAFEED MARKET DURING THE FORECAST PERIOD
             TABLE 70 AQUAFEED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
             TABLE 71 MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
             TABLE 72 MARKET SIZE, BY REGION, 2016–2019 (KT)
             TABLE 73 MARKET SIZE, BY REGION, 2020–2025 (KT)
     11.2 NORTH AMERICA
             TABLE 74 NORTH AMERICA: AQUAFEED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 75 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
             TABLE 76 NORTH AMERICA: MARKET SIZE, BY SPECIES, 2016–2019 (USD MILLION)
             TABLE 77 NORTH AMERICA: MARKET SIZE, BY SPECIES, 2020–2025 (USD MILLION)
             TABLE 78 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
             TABLE 79 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
             TABLE 80 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
             TABLE 81 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             TABLE 82 NORTH AMERICA: MARKET SIZE, BY ADDITIVE, 2016–2019 (USD MILLION)
             TABLE 83 NORTH AMERICA: MARKET SIZE, BY ADDITIVE, 2020–2025 (USD MILLION)
             TABLE 84 NORTH AMERICA: MARKET SIZE, BY LIFECYCLE, 2016–2019 (USD MILLION)
             TABLE 85 NORTH AMERICA: MARKET SIZE, BY LIFECYCLE, 2020–2025 (USD MILLION)
             TABLE 86 NORTH AMERICA: MARKET SIZE, BY FORM, 2016–2019 (USD MILLION)
             TABLE 87 NORTH AMERICA: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.2.1 US
                       11.2.1.1 Due to the restrictions related with Covid-19, the consumption of seafood products has

reduced in US, affecting the aquafeed market
                                   TABLE 88 US: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                   TABLE 89 US: AQUAFEED MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                   TABLE 90 US: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                   TABLE 91 US: AQUAFEED MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.2.2 MEXICO
                       11.2.2.1 Government initiatives to promote the consumption of seafood to drive growth
                                   TABLE 92 MEXICO: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                   TABLE 93 MEXICO: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                   TABLE 94 MEXICO: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                   TABLE 95 MEXICO: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.2.3 CANADA
                       11.2.3.1 Rise in market exports to promote the aquafeed market in the country
                                   TABLE 96 CANADA: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                   TABLE 97 CANADA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                   TABLE 98 CANADA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                   TABLE 99 CANADA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
     11.3 EUROPE
              TABLE 100 EUROPE: AQUAFEED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 101 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 102 EUROPE: MARKET SIZE, BY SPECIES, 2016–2019 (USD MILLION)
              TABLE 103 EUROPE: MARKET SIZE, BY SPECIES, 2020–2025 (USD MILLION)
              TABLE 104 EUROPE: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
              TABLE 105 EUROPE: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
              TABLE 106 EUROPE: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
              TABLE 107 EUROPE: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
              TABLE 108 EUROPE: MARKET SIZE, BY ADDITIVE, 2016–2019 (USD MILLION)
              TABLE 109 EUROPE: MARKET SIZE, BY ADDITIVE, 2020–2025 (USD MILLION)
              TABLE 110 EUROPE: MARKET SIZE, BY LIFECYCLE, 2016–2019 (USD MILLION)
              TABLE 111 EUROPE: MARKET SIZE, BY LIFECYCLE, 2020–2025 (USD MILLION)
              TABLE 112 EUROPE: MARKET SIZE, BY FORM, 2016–2019 (USD MILLION)
              TABLE 113 EUROPE: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.3.1 NORWAY
                       11.3.1.1 As a result of reduced harvest due to Covid-19, the demand for salmon feed products has affected aquafeed market in Norway
                                    TABLE 114 NORWAY: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 115 NORWAY: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 116 NORWAY: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 117 NORWAY: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.3.2 GREECE
                       11.3.2.1 Increase in seafood production to drive the market for aquafeed
                                    TABLE 118 GREECE: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 119 GREECE: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 120 GREECE: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 121 GREECE: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.3.3 UK
                       11.3.3.1 Rise in seafood consumption driving the market for aquafeed
                                    TABLE 122 UK: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 123 UK: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 124 UK: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 125 UK: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.3.4 RUSSIA
                       11.3.4.1 Government incentives are expected to propel the market for aquafeed
                                    TABLE 126 RUSSIA: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 127 RUSSIA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 128 RUSSIA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 129 RUSSIA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.3.5 SPAIN
                       11.3.5.1 The country’s vast mollusk population drives the aquafeed market
                                    TABLE 130 SPAIN: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 131 SPAIN: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 132 SPAIN: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 133 SPAIN: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.3.6 REST OF EUROPE
                       11.3.6.1 Growth in seafood production in the region is expected to drive growth
                                    TABLE 134 REST OF EUROPE: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 135 REST OF EUROPE: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 136 REST OF EUROPE: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 137 REST OF EUROPE: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
     11.4 ASIA PACIFIC
              FIGURE 26 ASIA PACIFIC: MARKET SNAPSHOT
              TABLE 138 ASIA PACIFIC: AQUAFEED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 139 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 140 ASIA PACIFIC: MARKET SIZE, BY SPECIES, 2016–2019 (USD MILLION)
              TABLE 141 ASIA PACIFIC: MARKET SIZE, BY SPECIES, 2020–2025 (USD MILLION)
              TABLE 142 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
              TABLE 143 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
              TABLE 144 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
              TABLE 145 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
              TABLE 146 ASIA PACIFIC : MARKET SIZE, BY ADDITIVE, 2016–2019 (USD MILLION)
              TABLE 147 ASIA PACIFIC: MARKET SIZE, BY ADDITIVE, 2020–2025 (USD MILLION)
              TABLE 148 ASIA PACIFIC: MARKET SIZE, BY LIFECYCLE, 2016–2019 (USD MILLION)
              TABLE 149 ASIA PACIFIC: MARKET SIZE, BY LIFECYCLE, 2020–2025 (USD MILLION)
              TABLE 150 ASIA PACIFIC: MARKET SIZE, BY FORM, 2016–2019 (USD MILLION)
              TABLE 151 ASIA PACIFIC: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Growth in the aquaculture industry to propel the market growth for aquafeed
                                    TABLE 152 CHINA: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 153 CHINA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 154 CHINA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 155 CHINA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.4.2 VIETNAM
                       11.4.2.1 Seafood forming: An important dietary requirement to drive growth
                                    TABLE 156 VIETNAM: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 157 VIETNAM: AQUAFEED MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 158 VIETNAM: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 159 VIETNAM: AQUAFEED MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.4.3 THAILAND
                       11.4.3.1 Rise in demand for exotic seafood products to drive the market for aquafeed
                                    TABLE 160 THAILAND: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 161 THAILAND: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 162 THAILAND: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 163 THAILAND: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.4.4 INDONESIA
                       11.4.4.1 Increase in production from freshwater aquaculture to drive growth
                                    TABLE 164 INDONESIA: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 165 INDONESIA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 166 INDONESIA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 167 INDONESIA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.4.5 INDIA
                       11.4.5.1 A shift toward intensive aquafarming is expected to propel market growth
                                    TABLE 168 INDIA: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 169 INDIA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 170 INDIA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 171 INDIA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.4.6 REST OF ASIA PACIFIC
                       11.4.6.1 Seafood is considered a healthy dietary constituent to drive market growth
                                    TABLE 172 REST OF ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 173 REST OF ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 174 REST OF ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 175 REST OF ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
     11.5 SOUTH AMERICA
             TABLE 176 SOUTH AMERICA: AQUAFEED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 177 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
             TABLE 178 SOUTH AMERICA: MARKET SIZE, BY SPECIES, 2016–2019 (USD MILLION)
             TABLE 179 SOUTH AMERICA: MARKET SIZE, BY SPECIES, 2020–2025 (USD MILLION)
             TABLE 180 SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
             TABLE 181 SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
             TABLE 182 SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
             TABLE 183 SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             TABLE 184 SOUTH AMERICA: MARKET SIZE, BY ADDITIVE, 2016–2019 (USD MILLION)
             TABLE 185 SOUTH AMERICA: MARKET SIZE, BY ADDITIVE, 2020–2025 (USD MILLION)
             TABLE 186 SOUTH AMERICA: MARKET SIZE, BY LIFECYCLE, 2016–2019 (USD MILLION)
             TABLE 187 SOUTH AMERICA: MARKET SIZE, BY LIFECYCLE, 2020–2025 (USD MILLION)
             TABLE 188 SOUTH AMERICA: MARKET SIZE, BY FORM, 2016–2019 (USD MILLION)
             TABLE 189 SOUTH AMERICA: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.5.1 CHILE
                       11.5.1.1 Large fish farming areas and suitable climatic conditions aid market growth for aquafeed in the country
                                    TABLE 190 CHILE: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 191 CHILE: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 192 CHILE: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 193 CHILE: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.5.2 BRAZIL
                       11.5.2.1 Favorable government opportunities formulated to propel aquaculture in the country
                                    TABLE 194 BRAZIL: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 195 BRAZIL: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 196 BRAZIL: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 197 BRAZIL: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             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
                                    TABLE 198 REST OF SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 199 REST OF SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 200 REST OF SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 201 REST OF SOUTH AMERICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
     11.6 REST OF THE WORLD
             TABLE 202 ROW: AQUAFEED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
             TABLE 203 ROW: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
             TABLE 204 ROW: MARKET SIZE, BY SPECIES, 2016–2019 (USD MILLION)
             TABLE 205 ROW: MARKET SIZE, BY SPECIES, 2020–2025 (USD MILLION)
             TABLE 206 ROW: MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
             TABLE 207 ROW: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
             TABLE 208 ROW: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
             TABLE 209 ROW: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             TABLE 210 ROW: MARKET SIZE, BY ADDITIVE, 2016–2019 (USD MILLION)
             TABLE 211 ROW: MARKET SIZE, BY ADDITIVE, 2020–2025 (USD MILLION)
             TABLE 212 ROW: MARKET SIZE, BY LIFECYCLE, 2016–2019 (USD MILLION)
             TABLE 213 ROW: MARKET SIZE, BY LIFECYCLE, 2020–2025 (USD MILLION)
             TABLE 214 ROW: MARKET SIZE, BY FORM, 2016–2019 (USD MILLION)
             TABLE 215 ROW: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.6.1 AFRICA
                       11.6.1.1 Low development of aquaculture has led to a smaller market for aquafeed in the region
                                    TABLE 216 AFRICA: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 217 AFRICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 218 AFRICA: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 219 AFRICA: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)
             11.6.2 MIDDLE EAST
                       11.6.2.1 Rise in demand for value-added processed seafood products to drive market growth
                                    TABLE 220 MIDDLE EAST: AQUAFEED MARKET SIZE, BY INGREDIENT, 2016–2019 (USD MILLION)
                                    TABLE 221 MIDDLE EAST: MARKET SIZE, BY INGREDIENT, 2020–2025 (USD MILLION)
                                    TABLE 222 MIDDLE EAST: MARKET SIZE, BY INGREDIENT, 2016–2019 (KT)
                                    TABLE 223 MIDDLE EAST: MARKET SIZE, BY INGREDIENT, 2020–2025 (KT)

12 COMPETITIVE LANDSCAPE (Page No. - 169)
     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
                        FIGURE 27 AQUAFEED MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
                        FIGURE 28 KEY DEVELOPMENTS OF LEADING PLAYERS IN THE AQUAFEED MARKET, 2013–2020
     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
                        FIGURE 29 AQUAFEED MARKET: COMPETITIVE LEADERSHIP MAPPING FOR START-UPS/SMES, 2019
     12.4 COMPETITIVE SCENARIO
             12.4.1 NEW PRODUCT LAUNCHES
                        TABLE 224 NEW PRODUCT LAUNCHES, 2013–2019
             12.4.2 EXPANSIONS & INVESTMENTS
                        TABLE 225 EXPANSIONS & INVESTMENTS, 2013–2019
             12.4.3 ACQUISITIONS
                        TABLE 226 ACQUISITIONS, 2013–2019
             12.4.4 PARTNERSHIPS, JOINT VENTURES, COLLABORATIONS, AND AGREEMENTS
                        TABLE 227 PARTNERSHIPS, JOINT VENTURES, COLLABORATIONS, AND AGREEMENTS, 2013–2020

13 COMPANY PROFILES (Page No. - 178)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 ARCHER DANIELS MIDLAND COMPANY
              FIGURE 30 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
              FIGURE 31 SWOT ANALYSIS
     13.2 CARGILL
              FIGURE 32 CARGILL: COMPANY SNAPSHOT
              FIGURE 33 SWOT ANALYSIS
     13.3 RIDLEY CORPORATION LIMITED
              FIGURE 34 RIDLEY CORPORATION LIMITED: COMPANY SNAPSHOT
              FIGURE 35 SWOT ANALYSIS
     13.4 NUTRECO
              FIGURE 36 SWOT ANALYSIS
     13.5 ALLTECH
              FIGURE 37 SWOT ANALYSIS
     13.6 PURINA ANIMAL NUTRITION
              FIGURE 38 PURINA ANIMAL NUTRITION: COMPANY SNAPSHOT
     13.7 NUTRIAD
     13.8 ALLER AQUA A/S
     13.9 BIOMIN
     13.10 BIOMAR
     13.11 NOREL ANIMAL NUTRITION
     13.12 AVANTI FEEDS LIMITED
     13.13 DE HEUS ANIMAL NUTRITION B.V
     13.14 NOVUS INTERNATIONAL
     13.15 BIOSTADT INDIA LIMITED
     13.16 NK INGREDIENTS PTE LTD.
     13.17 MARUBENI NISSHIN FEED CO., LTD.
     13.18 MARVESA
     13.19 BENEO
     13.20 JAPFA COMFEED
              FIGURE 39 JAPFA COMFEED: COMPANY SNAPSHOT
     13.21 CPF PLC
              FIGURE 40 CPF PLC: COMPANY SNAPSHOT
     13.22 GROWEL FEEDS
     13.23 SONAC
     13.24 KENT FEEDS
     13.25 LIFECIRCLE NUTRITION

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 ADJACENT & RELATED MARKETS (Page No. - 227)
     14.1 INTRODUCTION
     14.2 LIMITATIONS
     14.3 FEED YEAST MARKET
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                        FIGURE 41 FEED YEAST MARKET IS ESTIMATED TO HAVE A HIGH GROWTH DURING THE FORECAST PERIOD.
     14.4 FEED YEAST MARKET, BY TYPE
             14.4.1 INTRODUCTION
                        TABLE 228 FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                        TABLE 229 FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
     14.5 FEED YEAST MARKET, BY REGION
             14.5.1 NORTH AMERICA
                        TABLE 230 NORTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                        TABLE 231 NORTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
             14.5.2 EUROPE
                        TABLE 232 EUROPE: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                        TABLE 233 EUROPE: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
             14.5.3 ASIA PACIFIC
                        TABLE 234 ASIA PACIFIC: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                        TABLE 235 ASIA PACIFIC: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
             14.5.4 SOUTH AMERICA
                        TABLE 236 SOUTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                        TABLE 237 SOUTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
             14.5.5 REST OF THE WORLD (ROW)
                        TABLE 238 ROW: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                        TABLE 239 ROW: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
     14.6 FEED ADDITIVES MARKET
             14.6.1 LIMITATIONS
             14.6.2 MARKET DEFINITION
             14.6.3 MARKET OVERVIEW
                        FIGURE 42 FEED ADDITIVES MARKET PROJECTED TO WITNESS SIGNIFICANT DURING THE FORECAST PERIOD
             14.6.4 FEED ADDITIVES MARKET SIZE, BY TYPE
                        TABLE 240 FEED ADDITIVES MARKET SHARE, BY TYPE, 2016-2023 (USD MILLION)
                        TABLE 241 FEED ADDITIVES MARKET SIZE, BY TYPE, 2016–2023 (KT)
             14.6.5 FEED ADDITIVES MARKET, BY LIVESTOCK
                        TABLE 242 FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2016–2023 (USD MILLION)
                        TABLE 243 FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2016–2023 (KT)
             14.6.6 FEED ADDITIVES MARKET, BY FORM
                        TABLE 244 FEED ADDITIVES MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
             14.6.7 FEED ADDITIVES MARKET, BY SOURCE
                        TABLE 245 FEED ADDITIVES MARKET SIZE, BY SOURCE, 2016–2023 (USD MILLION)
             14.6.8 FEED ADDITIVES MARKET, BY REGION
                        TABLE 246 FEED ADDITIVES MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
                        TABLE 247 FEED ADDITIVES MARKET SIZE, BY REGION, 2016–2023 (KT)
                       14.6.8.1 North America
                                   TABLE 248 NORTH AMERICA: FEED ADDITIVES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                       14.6.8.2 Europe
                                   TABLE 249 EUROPE: FEED ADDITIVES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                       14.6.8.3 Asia Pacific
                                   TABLE 250 ASIA PACIFIC: FEED ADDITIVES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                       14.6.8.4 South America
                                   TABLE 251 SOUTH AMERICA: FEED ADDITIVES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                       14.6.8.5 Rest Of The World (row)
                                   TABLE 252 ROW: FEED ADDITIVES MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)

15 APPENDIX (Page No. - 248)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

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 aquafeed 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.

Aquafeed Market Size, and Share

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

Target Audience:

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

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
Jun, 2020
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