The global aquafeed market size is expected to grow from $75.55 billion in 2021 to $82.2 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The global aquafeed market size is expected to grow to $110.09 billion in 2026 at a CAGR of 7.6%.
What is the Global Aquafeed Market?
The aquafeed market consists of sales of aquafeed by entities (organizations, sole traders, and partnerships) that refer to the feed for aquatic organisms as part of aquaculture. Aquatic feed is a complex mixture of ingredients designed to fulfill the nutritional requirements. The growth, health and reproduction of fish and other aquatic animals are primarily dependent upon an adequate supply of nutrient, both in terms of quantity and quality, irrespective of the culture system in which they are grown.
Get a Sample of the global aquafeed market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=5855&type=smp
What drives the Global Aquafeed Market?
Increasing seafood consumption is expected to propel the growth of the aquafeed market. Aquaculture production plays an increasing role in satisfying the demand for human consumption of fishery products. According to the study published by Organisation for Economic Co-operation Development (OECD) and the Food and Agriculture Organization (FAO), human consumption of fish is expected to increase by 180 Mt by 2029. The increase in demand for seafood or fishery products is expected to boost demand for high-quality aquafeed to maintain the quality of the products to the customers. Therefore, increasing seafood consumption is driving the growth of the aquafeed global market.
Get the full global aquafeed industry report here
https://www.thebusinessresearchcompany.com/report/aquafeed-global-market-report
Global Aquafeed Market Segments
The global aquafeed market is segmented:
By Additive: Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders
By Form: Dry Form, Wet Form, Moist Form
By Distribution Channel: Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Online, Others
By Geography: The regions covered in the aquafeed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Aquafeed Global Market Report 2022provides market size and growth forecasts for the aquafeed global market, aquafeed global market share, aquafeed market segments and geographies, aquafeed market competitive landscape including leading competitors’ revenues, profiles and market shares. The aquafeed market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Aquafeed Industry Playersinclude Cargill Incorporated, Archer Daniels Midland Company, Alltech Inc, Purina Animal Nutrition, Ridley Corp Ltd, Nutreco N.V, Aller Aqua A/S, Biomar A/S, Beneo GmbH, Biomin GmbH, Coppens International B.V, Nutriad, De Heus, Biostadt India Limited, Dibaq Aquaculture, Evonik Industries, SONAC, Marubeni Nisshin Feed Co., Ltd, Japfa Comfeed, Cpf Plc, Growel Feeds, and Sonac. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
