Global Aquafeed Market
Dublin, July 18, 2022 (GLOBE NEWSWIRE) -- The "Global Aquafeed Market Size, Share & Trends Analysis Report by Form (Dry, Wet), by Additive (Amino Acid, Antibiotic), by Feed (Finisher, Grower), by Application, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global aquafeed market is expected to reach USD 102.2 million by 2030, registering a CAGR of 4.4% from 2022 to 2030. The growth is majorly driven by the rising consumption of aquafeed by species like carp, catfish, salmon, and shrimps among others due to its rich protein content.
The future of the global market is dependent on the increasing acceptance of aquafeed which contains essential oils, feed acidifiers, natural extracts, and palatants which are important for aquaculture species in their overall growth across each stage of development. The widespread fish mortality due to various infections which are caused by parasites is driving the demand for the consumption of anti-parasites.
These feed products are consumed by various warm-water and cold-water fish species such as catfish, salmon, trout, tilapia, shrimps, largemouth bass, and eel among others. These feeds for aquatic species are a source of omega-3 fatty acids and proteins. It improves the nutritional value of feed and offers several other benefits like improved growth rate, reduced mortality of various aquatic species, digestibility of proteins, and enhanced immune system.
The COVID-19 pandemic had crippled the economies of the world and severely impacted the supply chain across key industries. The distribution of raw materials for aquafeed was affected by the pandemic due to which its production was hampered. In addition, strict lockdowns were imposed to curb the virus from spreading, and due to this many manufacturing and production units were closed. Furthermore, there were rumors of transmission of the virus through poultry, which ill-affected the market.
Aquafeed Market Report Highlights
Dry aquafeed form witnessed the fastest growth rate of CAGR 4.7%, owing to its properties such as easy production, quick transport, long storage life, and quick dispense into the fish culture environment.
The feed acidifiers witnessed the fastest growth rate of 6.7% because of their ability to prevent the species from diseases which are caused by E. coli and Salmonella. These additives are prepared from organic acids along with their salts and help in maintaining gastric acid levels in these aquatic species.
The grower feed type witnessed a high growth rate of 4.7%, because of its rising demand as it supports the continuous growth of the animals without burdening them with extra vitamins and minerals intake.
Sea Bass application witnessed a high growth rate due to its increasing consumption in the food industry because of its low calorie and high protein content. It is a carnivorous fish and is rich in omega-3 fatty acids, proteins, and selenium. It also contains potassium, mercury, magnesium, vitamin B12, and vitamin B6.
The Asia Pacific region witnessed the highest growth rate of CAGR 4.9%, owing to its favorable climatic conditions in the countries like China, and India which helps to enhance the overall aquaculture industry production and eventually develop the market.
Key Topics Covered:
Aquafeed: Market Variables, Trends & Scope
Market Lineage Outlook
Global Animal Feed market Outlook
Penetration & Growth Prospect Mapping, 2018-2030
Industry Value Chain Analysis
Regulatory & Policy Landscape
Price Trend Analysis, 2018-2030
Impact of COVID-19 Pandemic
Market Driver Analysis
Increased demand for high protein content Food
Increasing direct human consumption (DHC) of fish and fish products
Market Restraint Analysis
Fluctuations in raw material prices
Market opportunity Analysis
Market Challenge Analysis
Business Environment Analysis
Aquafeed Market: Form Estimates & Trend Analysis
Form movement analysis & market share, 2021 & 2030 (USD Thousand)
Aquafeed market size & forecasts and trend analysis by form, 2018-2030 (Tons) (USD Thousand)
Aquafeed Market: Additives Estimates & Trend Analysis
Vitamins & Minerals
Probiotics & Prebiotics
Aquafeed Market: Feed Estimates & Trend Analysis
Aquafeed Market: Application Estimates & Trend Analysis
Aquafeed Market: Regional Estimates & Trend Analysis
Aquafeed Market: Competitive Landscape
Recent Developments & Impact Analysis, By Key Market Participants
Company Market Positioning
Charoen Pokphand Foods
Purina Animal Nutrition
For more information about this report visit https://www.researchandmarkets.com/r/8od540
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900