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The global aquafeed market is experiencing significant growth, driven by the expanding aquaculture industry, rising seafood consumption, and increasing awareness of sustainable aquaculture practices. Aquafeed, specialized feed formulated for aquatic animals like fish, crustaceans, and mollusks, plays a crucial role in the success and sustainability of aquaculture operations. It provides essential nutrients for growth, health, and reproduction, directly impacting the productivity and profitability of fish farms. The market's expansion is closely linked to the growing global demand for seafood, fueled by population growth, rising disposable incomes, and increasing recognition of the health benefits of seafood consumption. As wild fish stocks decline and capture fisheries face increasing pressure, aquaculture has emerged as a critical source of protein, making the availability of high-quality and sustainable aquafeed paramount. The aquafeed market is characterized by a diverse range of products, including starter feeds, grower feeds, finisher feeds, and broodstock feeds, each tailored to the specific nutritional requirements of different aquatic species and life stages. These feeds are formulated using various ingredients, including fishmeal, fish oil, soybean meal, corn gluten meal, and other plant-based proteins and carbohydrates. The market is witnessing a growing trend towards the use of alternative protein sources, such as insect meal, algae, and single-cell protein, to reduce reliance on traditional fishmeal and fish oil, which are finite resources and can have environmental impacts. Sustainability is a major concern in the aquafeed market, with increasing emphasis on responsible sourcing of ingredients, minimizing environmental impact, and promoting fish health and welfare. Manufacturers are focusing on developing aquafeeds that are not only nutritionally complete but also environmentally friendly, reducing pollution, and promoting sustainable aquaculture practices. The market is also witnessing a growing demand for organic and non-GMO aquafeeds, driven by consumer preferences for healthier and more natural food products. Technological advancements in aquafeed formulation and processing are contributing to the market's growth. Innovations in feed manufacturing techniques, such as extrusion and microencapsulation, are improving feed quality, digestibility, and nutrient utilization. Research and development efforts are focused on optimizing feed formulations to enhance growth performance, disease resistance, and feed conversion ratios, leading to more efficient and profitable aquaculture operations.
Global aquafeed market will reach $71.14 billion by 2030, growing by 5.9% annually over 2020-2030 considering the impact of COVID-19 pandemic. The market is driven by population growth and urbanization, rising incomes in developing nations, growing aquaculture industry and increasing seafood trade, and the rising awareness about the health benefits of consuming fish and other aquaculture species. In terms of demand volume, the market will grow at a 2020-2030 CAGR of 4.2%. The global aquafeed market is experiencing aqua-synergy, a convergence of trends, drivers, and programs propelling its growth. A prominent trend is the increasing focus on sustainable aquafeed practices. This involves shifting away from reliance on wild-caught fishmeal and fish oil, finite resources with environmental implications, towards alternative protein and lipid sources. Insect meal, algae, single-cell protein, and plant-based proteins are gaining traction, driven by environmental concerns and the need for resource efficiency. Another significant trend is the growing demand for functional aquafeeds. These specialized feeds incorporate additives like prebiotics, probiotics, and immunostimulants to enhance fish health, disease resistance, and overall well-being, reducing the reliance on antibiotics and promoting sustainable aquaculture. Furthermore, precision nutrition is becoming increasingly important. Aquafeed formulations are being tailored to the specific nutritional requirements of different species and life stages, optimizing growth performance, feed conversion ratios, and overall farm productivity. Technological advancements in aquafeed processing, such as extrusion and microencapsulation, are also shaping the market. These technologies improve feed quality, digestibility, and nutrient utilization, leading to better growth performance and reduced waste. Several key drivers are fueling this aqua-synergy. The expanding aquaculture industry is a primary driver. As wild fish stocks decline and seafood demand rises, aquaculture is becoming increasingly crucial for meeting global protein needs. This expansion directly drives the demand for aquafeed. Rising seafood consumption, driven by population growth, increasing disposable incomes, and awareness of the health benefits of seafood, is further fueling the growth of aquaculture and, consequently, the aquafeed market. The growing awareness of sustainable aquaculture practices is another key driver. Consumers are increasingly demanding sustainably sourced seafood, putting pressure on aquaculture farmers to adopt responsible practices, including the use of sustainable aquafeed. Technological advancements in aquafeed formulation and processing are also driving market growth. Innovations in feed manufacturing techniques are improving feed quality, digestibility, and nutrient utilization, leading to more efficient and profitable aquaculture operations.
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The global aquafeed market is segmented by source, primarily based on the origin of the key ingredients used in aquafeed formulations. The major sources include marine-based, plant-based, and other sources. Marine-based sources traditionally include fishmeal and fish oil, crucial components of aquafeed that provide essential amino acids, fatty acids, and other nutrients for aquatic animals. Fishmeal, made from small pelagic fish, is a highly digestible protein source, while fish oil provides essential omega-3 fatty acids. However, the reliance on these marine-based sources raises sustainability concerns due to overfishing and depletion of wild fish stocks. This has led to increasing efforts to find alternative, sustainable sources of protein and lipids. Plant-based sources are gaining prominence as a sustainable alternative to marine-based ingredients. Soybean meal, corn gluten meal, and other plant-based proteins are increasingly used in aquafeed formulations to replace or supplement fishmeal. These plant-based sources are more readily available and often more cost-effective than fishmeal. However, they may lack certain essential amino acids and fatty acids found in fishmeal and fish oil, requiring careful formulation and supplementation. Other sources include insect meal, algae, single-cell protein, and other novel protein and lipid sources. Insect meal, derived from farmed insects, is a promising alternative protein source that is both nutritious and sustainable. Algae, both microalgae and macroalgae, are rich in protein, lipids, and other nutrients, making them a potential source for aquafeed. Single-cell protein, produced from microorganisms like bacteria, yeast, and fungi, is another alternative protein source that can be produced sustainably. The choice of source for aquafeed ingredients depends on several factors, including the nutritional requirements of the target species, the availability and cost of ingredients, and sustainability considerations.
The global aquafeed market is segmented by ingredient, based on the specific components used in aquafeed formulations. The major ingredient segments include protein, carbohydrates, lipids, vitamins, minerals, and additives. Protein is a crucial ingredient in aquafeed, providing essential amino acids for growth and development. Fishmeal has traditionally been the primary protein source, but plant-based proteins, such as soybean meal and corn gluten meal, are increasingly used as alternatives. Insect meal, algae, and single-cell protein are also emerging as promising alternative protein sources. Carbohydrates provide energy for aquatic animals. Grains, such as corn and wheat, are common carbohydrate sources in aquafeed. Lipids are essential for growth, reproduction, and overall health. Fish oil has been the traditional source of lipids, but plant-based oils, such as soybean oil and canola oil, are increasingly used as alternatives. Vitamins and minerals are essential micronutrients that play a vital role in various physiological processes. Aquafeeds are typically supplemented with a range of vitamins and minerals to ensure that aquatic animals receive adequate nutrition. Additives are used in aquafeed to enhance palatability, digestibility, nutrient utilization, and overall feed quality. Common additives include binders, antioxidants, enzymes, and probiotics. The specific blend of ingredients in aquafeed formulations varies depending on the species, life stage, and nutritional requirements of the target aquatic animal. Aquafeed manufacturers carefully balance the ingredients to ensure that the feed is nutritionally complete and supports optimal growth and health. Research and development efforts are focused on optimizing ingredient combinations to improve feed conversion ratios, disease resistance, and overall farm productivity. The trend in the aquafeed market is towards greater use of sustainable and alternative ingredients, such as plant-based proteins, insect meal, algae, and single-cell protein, to reduce reliance on traditional fishmeal and fish oil. The use of functional additives, such as prebiotics and probiotics, is also increasing as farmers seek to improve fish health and reduce the use of antibiotics. The quality and safety of aquafeed ingredients are also a major concern, and manufacturers are implementing strict quality control measures to ensure that their products meet the required standards. The sourcing of ingredients is also becoming increasingly important, with a growing focus on responsible sourcing and sustainability.
The global aquafeed market is segmented by product form, which refers to the physical form in which the aquafeed is produced and delivered to the aquaculture farms. The major product forms include extruded pellets, sinking pellets, floating pellets, microencapsulated feed, and flakes. Extruded pellets are produced by forcing the feed mixture through a die under high pressure and temperature. This process creates highly digestible and palatable pellets that are suitable for a wide range of aquatic species. Extruded pellets are the most common form of aquafeed used in commercial aquaculture. Sinking pellets are designed to sink to the bottom of the water column, making them suitable for bottom-feeding species such as shrimp and catfish. Sinking pellets can be produced through extrusion or other methods. Floating pellets are designed to float on the surface of the water, making them suitable for surface-feeding species such as tilapia and salmon. Floating pellets are typically produced through extrusion. Microencapsulated feed consists of tiny particles of feed encapsulated in a protective coating. This form of feed is particularly suitable for larval and juvenile stages of aquatic animals, which require small and easily digestible feed particles. Microencapsulated feed can be used for a variety of species, including fish, shrimp, and crustaceans. Flakes are thin, flat pieces of feed that are typically used for ornamental fish and other small aquatic animals. Flakes are easy to consume and digest, making them suitable for species with small mouths. The choice of product form depends on several factors, including the species being farmed, the life stage of the animal, and the feeding habits of the species. For example, bottom-feeding species require sinking pellets, while surface-feeding species require floating pellets. Larval and juvenile stages often require microencapsulated feed due
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The global aquafeed market is segmented by species, reflecting the diverse range of aquatic animals cultivated in aquaculture. This segmentation allows for the development of specialized aquafeeds tailored to the specific nutritional requirements of different species, optimizing growth, health, and productivity. Key species segments include finfish, crustaceans, and mollusks. Finfish, a major segment, encompasses a wide variety of species, including salmon, tilapia, carp, catfish, sea bass, and trout. Salmon, a high-value species, requires specialized aquafeeds with high levels of protein and omega-3 fatty acids to support rapid growth and maintain flesh quality. Tilapia, a widely farmed species, has more flexible dietary requirements and can be fed with aquafeeds containing a higher proportion of plant-based proteins. Carp, a staple food fish in many parts of the world, requires aquafeeds that are cost-effective and support rapid growth in diverse farming environments. Catfish, another important farmed species, benefits from aquafeeds formulated with sinking pellets to accommodate their bottom-feeding habits. Sea bass and trout, both commercially valuable species, require aquafeeds with specific nutrient profiles to optimize growth and flesh quality in intensive farming systems. The finfish segment is further segmented based on the specific nutritional needs of different species and their varying life stages, from fry and fingerlings to grow-out and broodstock. Crustaceans, another significant segment, include shrimp, prawns, and crabs. Shrimp, a globally traded commodity, requires specialized aquafeeds with high protein content and specific amino acid profiles to support rapid growth and shell development. Prawns, similar to shrimp, need aquafeeds tailored to their specific nutritional requirements, considering their different life stages and farming conditions. Crabs, although farmed on a smaller scale compared to shrimp and prawns, also require specialized aquafeeds to optimize growth and survival rates. The crustacean segment is also segmented based on the specific needs of different species and their distinct larval, juvenile, and adult stages. Mollusks, a diverse segment, include species like oysters, mussels, clams, and scallops. Mollusks are filter feeders and generally do not rely on formulated aquafeeds in the same way as finfish and crustaceans. However, research is ongoing to develop specialized feeds for larval and juvenile stages of mollusks to enhance their growth and survival in hatchery settings.
The global aquafeed market is segmented by lifecycle stage, recognizing that the nutritional requirements of aquatic animals vary significantly throughout their lives. This segmentation allows for the development of specialized aquafeeds tailored to the specific needs of each life stage, optimizing growth, development, and survival. Key lifecycle segments include larval, juvenile, grow-out, and broodstock. Larval stage, the earliest stage of development, requires highly specialized aquafeeds that are small, easily digestible, and provide essential nutrients for rapid growth and development. Larval feeds are often microencapsulated to protect nutrients and enhance digestibility. This stage is crucial for the survival and growth of aquatic animals, and specialized larval feeds play a critical role in successful aquaculture operations. Juvenile stage, following the larval stage, requires aquafeeds that support continued growth and development. Juvenile feeds are typically larger than larval feeds and contain a balanced mix of protein, carbohydrates, lipids, and micronutrients. This stage is characterized by rapid growth, and proper nutrition is essential for achieving optimal growth rates and overall health. Grow-out stage, the stage where aquatic animals are raised to market size, requires aquafeeds that promote rapid growth and efficient feed conversion. Grow-out feeds are formulated to maximize growth performance and minimize feed costs. This stage is crucial for the economic viability of aquaculture operations, and optimized grow-out feeds are essential for maximizing profitability. Broodstock stage, the stage where aquatic animals are sexually mature and used for breeding, requires specialized aquafeeds that support reproductive performance and egg quality. Broodstock feeds are enriched with specific nutrients, such as vitamins, minerals, and fatty acids, to enhance fertility, egg production, and larval quality. This stage is critical for the long-term sustainability of aquaculture operations, as healthy broodstock are essential for producing high-quality offspring. The lifecycle segment is crucial for optimizing aquafeed formulations and ensuring that aquatic animals receive the necessary nutrients at each stage of their development. Proper nutrition throughout the lifecycle is essential for maximizing growth rates, improving disease resistance, and enhancing overall health and well-being. Research and development efforts are focused on understanding the specific nutritional requirements of different species at each lifecycle stage and developing specialized aquafeeds that meet these needs. The trend towards sustainable aquafeed practices is also influencing the lifecycle segment, with increasing emphasis on using alternative protein and lipid sources in aquafeeds for various life stages.
The global aquafeed market is segmented by region, reflecting the geographical distribution of aquaculture activities and the varying demand for aquafeed in different parts of the world. Key regional segments include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific, the largest and fastest-growing market for aquafeed, is characterized by a high concentration of aquaculture activities, driven by a large population, rising seafood consumption, and favorable climatic conditions. China, India, Vietnam, Indonesia, and Thailand are major aquafeed markets in the region. The rapid expansion of aquaculture in Asia Pacific is fueling the demand for aquafeed, and the region is expected to continue to dominate the global market in the coming years. North America, a mature market for aquafeed, is characterized by a strong focus on sustainable aquaculture practices and high-quality aquafeeds. The United States and Canada are major aquafeed markets in the region, with a growing demand for organic and non-GMO aquafeeds. Europe, another mature market, is witnessing increasing demand for sustainable and certified aquafeeds, driven by consumer preferences and regulatory requirements. The European Union is implementing strict regulations on aquafeed ingredients and environmental impact, pushing manufacturers to adopt more sustainable practices. Latin America, a rapidly growing market, is characterized by increasing aquaculture production and rising seafood consumption. Brazil, Chile, and Ecuador are major aquafeed markets in the region, with a growing focus on shrimp and salmon farming. The Middle East & Africa, a relatively smaller market, is witnessing increasing investment in aquaculture development, driven by food security concerns and economic diversification efforts.
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5 Segmentation of Global Market by Product Form 71
5.1 Market Overview by Product Form 71
5.2 Pellet Feed 73
5.3 Extruded Feed 74
5.4 Powdered Feed 75
5.5 Liquid Feed 76
6 Segmentation of Global Market by Species 77
6.1 Market Overview by Species 77
6.2 Fish Feed 79
6.2.1 Carp Feed 81
6.2.2 Salmon Feed 82
6.2.3 Tilapia Feed 83
6.2.4 Trout Feed 84
6.2.5 Catfish Feed 85
6.2.6 Other Fish Feed 86
6.3 Mollusk Feed 87
6.3.1 Oyster Feed 88
6.3.2 Mussel Feed 89
6.3.3 Other Mollusk Feed 90
6.4 Crustacean Feed 91
6.4.1 Shrimp Feed 93
6.4.2 Crab Feed 94
6.4.3 Krill Feed 95
6.4.4 Other Crustacean Feed 96
6.5 Other Aqua Feed 97
7 Segmentation of Global Market by Lifecycle 98
7.1 Market Overview by Lifecycle 98
7.2 Grower Feed 100
7.3 Finisher Feed 101
7.4 Starter Feed 102
7.5 Brooder Feed 103
8 Segmentation of Global Market by Region 104
8.1 Geographic Market Overview 2019-2030 104
8.2 North America Market 2019-2030 by Country 108
8.2.1 Overview of North America Market 108
8.2.2 U.S. 112
8.2.3 Canada 115
8.2.4 Mexico 117
8.3 European Market 2019-2030 by Country 119
8.3.1 Overview of European Market 119
8.3.2 Germany 123
8.3.3 U.K. 125
8.3.4 France 127
8.3.5 Spain 129
8.3.6 Italy 131
8.3.7 Russia 133
8.3.8 Rest of European Market 135
8.4 Asia-Pacific Market 2019-2030 by Country 137
8.4.1 Overview of Asia-Pacific Market 137
8.4.2 Japan 141
8.4.3 China 144
8.4.4 Thailand 146
8.4.5 India 148
8.4.6 Vietnam 150
8.4.7 Rest of APAC Region 152
8.5 South America Market 2019-2030 by Country 154
8.5.1 Argentina 157
8.5.2 Brazil 159
8.5.3 Ecuador 161
8.5.4 Rest of South America Market 163
8.6 MEA Market 2019-2030 by Country 164
8.6.1 Egypt 167
8.6.2 Turkey 169
8.6.3 South Africa 171
8.6.4 Other National Markets 173
9 Competitive Landscape 174
9.1 Overview of Key Vendors 174
9.2 New Product Launch, Partnership, Investment, and M&A 178
9.3 Company Profiles 179
Adissea Co., Ltd. 179
Aller Aqua Group 181
Alltech Inc. 182
Archer Daniels Midland Co. 183
Avanti Feeds Limited 184
Biomar Group 185
Biomin Holding GmbH 186
Cargill Incorporated 187
Chareon Popkhand Foods PCL 188
Coppens International BV 189
Hanpel Tech Co., Ltd. 190
Inve Aquaculture Inc. 191
Nutreco NV 192
Purina Animal Nutrition 193
Ridley Corporation 194
RELATED REPORTS 195
List of Tables:
Table 1. Snapshot of Global Aquafeed Market in Balanced Perspective, 2019-2030 20
Table 2. Growth Rate of World GDP, 2020-2022 25
Table 3. Main Product Trends and Market Opportunities in Global Aquafeed Market 40
Table 4. Global Aquafeed Market by Source, 2019-2030, $ mn 48
Table 5. Global Aquafeed Market: Soybean by Segment, 2019-2030, $ mn 50
Table 6. Global Aquafeed Market: Corn by Segment, 2019-2030, $ mn 55
Table 7. Global Aquafeed Market by Ingredient, 2019-2030, $ mn 62
Table 8. Global Aquafeed Market by Product Form, 2019-2030, $ mn 71
Table 9. Global Aquafeed Market by Species, 2019-2030, $ mn 77
Table 10. Global Aquafeed Market: Fish Feed by Type, 2019-2030, $ mn 80
Table 11. Global Aquafeed Market: Mollusk Feed by Type, 2019-2030, $ mn 87
Table 12. Global Aquafeed Market: Crustacean Feed by Type, 2019-2030, $ mn 92
Table 13. Global Aquafeed Market by Lifecycle, 2019-2030, $ mn 98
Table 14. Global Aquafeed Market by Region, 2019-2030, $ mn 105
Table 15. Leading National Aquafeed Market, 2019 and 2030F, $ mn 107
Table 16. North America Aquafeed Market by Country, 2019-2030, $ mn 110
Table 17. U.S. Aquafeed Market by Source, 2019-2030, $ mn 114
Table 18. U.S. Aquafeed Market by Ingredient, 2019-2030, $ mn 114
Table 19. U.S. Aquafeed Market by Species, 2019-2030, $ mn 114
Table 20. Canada Aquafeed Market by Source, 2019-2030, $ mn 116
Table 21. Canada Aquafeed Market by Ingredient, 2019-2030, $ mn 116
Table 22. Canada Aquafeed Market by Species, 2019-2030, $ mn 116
Table 23. Mexico Aquafeed Market by Source, 2019-2030, $ mn 118
Table 24. Mexico Aquafeed Market by Ingredient, 2019-2030, $ mn 118
Table 25. Mexico Aquafeed Market by Species, 2019-2030, $ mn 118
Table 26. Europe Aquafeed Market by Country, 2019-2030, $ mn 122
Table 27. Germany Aquafeed Market by Source, 2019-2030, $ mn 124
Table 28. Germany Aquafeed Market by Ingredient, 2019-2030, $ mn 124
Table 29. Germany Aquafeed Market by Species, 2019-2030, $ mn 124
Table 30. U.K. Aquafeed Market by Source, 2019-2030, $ mn 126
Table 31. U.K. Aquafeed Market by Ingredient, 2019-2030, $ mn 126
Table 32. U.K. Aquafeed Market by Species, 2019-2030, $ mn 126
Table 33. France Aquafeed Market by Source, 2019-2030, $ mn 128
Table 34. France Aquafeed Market by Ingredient, 2019-2030, $ mn 128
Table 35. France Aquafeed Market by Species, 2019-2030, $ mn 128
Table 36. Spain Aquafeed Market by Source, 2019-2030, $ mn 130
Table 37. Spain Aquafeed Market by Ingredient, 2019-2030, $ mn 130
Table 38. Spain Aquafeed Market by Species, 2019-2030, $ mn 130
Table 39. Italy Aquafeed Market by Source, 2019-2030, $ mn 132
Table 40. Italy Aquafeed Market by Ingredient, 2019-2030, $ mn 132
Table 41. Italy Aquafeed Market by Species, 2019-2030, $ mn 132
Table 42. Russia Aquafeed Market by Source, 2019-2030, $ mn 134
Table 43. Russia Aquafeed Market by Ingredient, 2019-2030, $ mn 134
Table 44. Russia Aquafeed Market by Species, 2019-2030, $ mn 134
Table 45. Aquafeed Market in Rest of Europe by Country, 2019-2030, $ mn 136
Table 46. APAC Aquafeed Market by Country, 2019-2030, $ mn 139
Table 47. Japan Aquafeed Market by Source, 2019-2030, $ mn 143
Table 48. Japan Aquafeed Market by Ingredient, 2019-2030, $ mn 143
Table 49. Japan Aquafeed Market by Species, 2019-2030, $ mn 143
Table 50. China Aquafeed Market by Source, 2019-2030, $ mn 145
Table 51. China Aquafeed Market by Ingredient, 2019-2030, $ mn 145
Table 52. China Aquafeed Market by Species, 2019-2030, $ mn 145
Table 53. Thailand Aquafeed Market by Source, 2019-2030, $ mn 147
Table 54. Thailand Aquafeed Market by Ingredient, 2019-2030, $ mn 147
Table 55. Thailand Aquafeed Market by Species, 2019-2030, $ mn 147
Table 56. India Aquafeed Market by Source, 2019-2030, $ mn 149
Table 57. India Aquafeed Market by Ingredient, 2019-2030, $ mn 149
Table 58. India Aquafeed Market by Species, 2019-2030, $ mn 149
Table 59. Vietnam Aquafeed Market by Source, 2019-2030, $ mn 151
Table 60. Vietnam Aquafeed Market by Ingredient, 2019-2030, $ mn 151
Table 61. Vietnam Aquafeed Market by Species, 2019-2030, $ mn 151
Table 62. Aquafeed Market in Rest of APAC by Country/Region, 2019-2030, $ mn 153
Table 63. South America Aquafeed Market by Country, 2019-2030, $ mn 156
Table 64. Argentina Aquafeed Market by Source, 2019-2030, $ mn 158
Table 65. Argentina Aquafeed Market by Ingredient, 2019-2030, $ mn 158
Table 66. Argentina Aquafeed Market by Species, 2019-2030, $ mn 158
Table 67. Brazil Aquafeed Market by Source, 2019-2030, $ mn 160
Table 68. Brazil Aquafeed Market by Ingredient, 2019-2030, $ mn 160
Table 69. Brazil Aquafeed Market by Species, 2019-2030, $ mn 160
Table 70. Ecuador Aquafeed Market by Source, 2019-2030, $ mn 162
Table 71. Ecuador Aquafeed Market by Ingredient, 2019-2030, $ mn 162
Table 72. Ecuador Aquafeed Market by Species, 2019-2030, $ mn 162
Table 73. MEA Aquafeed Market by Country, 2019-2030, $ mn 166
Table 74. Egypt Aquafeed Market by Source, 2019-2030, $ mn 168
Table 75. Egypt Aquafeed Market by Ingredient, 2019-2030, $ mn 168
Table 76. Egypt Aquafeed Market by Species, 2019-2030, $ mn 168
Table 77. Turkey Aquafeed Market by Source, 2019-2030, $ mn 170
Table 78. Turkey Aquafeed Market by Ingredient, 2019-2030, $ mn 170
Table 79. Turkey Aquafeed Market by Species, 2019-2030, $ mn 170
Table 80. South Africa Aquafeed Market by Source, 2019-2030, $ mn 172
Table 81. South Africa Aquafeed Market by Ingredient, 2019-2030, $ mn 172
Table 82. South Africa Aquafeed Market by Species, 2019-2030, $ mn 172
Table 83. Breakdown of World Market by Key Vendor, 2020, % 176
Table 84. Adissea Co., Ltd.: Company Snapshot 179
Table 85. Adissea Co., Ltd.: Business Segmentation 179
Table 86. Adissea Co., Ltd.: Product Portfolio 180
Table 87. Adissea Co., Ltd.: Revenue, 2018-2020, $ mn 180
List of Figures:
Figure 1. Research Method Flow Chart 14
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 19
Figure 4. Global Aquafeed Market by Demand Value, 2019-2030, $ mn 22
Figure 5. Global Aquafeed Market by Demand Volume, 2019-2030, million tons 23
Figure 6. Impact of COVID-19 on Business 27
Figure 7. Primary Drivers and Impact Factors of Global Aquafeed Market 29
Figure 8. World Aquaculture and Capture Fisheries, 1999-2029, million tons 32
Figure 9. World Average Fish Prices, 1999-2029, USD/ton 34
Figure 10. Per Capita Fish Consumption, 2017-2019 vs 2029, kg/person/year 35
Figure 11. Primary Restraints and Impact Factors of Global Aquafeed Market 37
Figure 12. Investment Opportunity Analysis 41
Figure 13. Porter’s Fiver Forces Analysis of Global Aquafeed Market 44
Figure 14. Breakdown of Global Aquafeed Market by Source, 2019-2030, % of Revenue 49
Figure 15. Global Addressable Market Cap in 2021-2030 by Source, Value ($ mn) and Share (%) 49
Figure 16. Global Aquafeed Market by Source: Soybean, 2019-2030, $ mn 50
Figure 17. Global Aquafeed Market by Source: Soybean Meal, 2019-2030, $ mn 51
Figure 18. Global Aquafeed Market by Source: Soy Oil, 2019-2030, $ mn 52
Figure 19. Global Aquafeed Market by Source: Soy Lecithin, 2019-2030, $ mn 53
Figure 20. Global Aquafeed Market by Source: Fish Meal, 2019-2030, $ mn 54
Figure 21. Global Aquafeed Market by Source: Corn, 2019-2030, $ mn 55
Figure 22. Global Aquafeed Market by Source: Corn Gluten Meal, 2019-2030, $ mn 56
Figure 23. Global Aquafeed Market by Source: Corn Gluten Feed, 2019-2030, $ mn 57
Figure 24. Global Aquafeed Market by Source: Corn Oil, 2019-2030, $ mn 58
Figure 25. Global Aquafeed Market by Source: Fish Oil, 2019-2030, $ mn 59
Figure 26. Global Aquafeed Market by Source: Additives, 2019-2030, $ mn 60
Figure 27. Global Aquafeed Market by Source: Other Sources, 2019-2030, $ mn 61
Figure 28. Breakdown of Global Aquafeed Market by Ingredient, 2019-2030, % of Sales Revenue 63
Figure 29. Global Addressable Market Cap in 2021-2030 by Ingredient, Value ($ mn) and Share (%) 63
Figure 30. Global Aquafeed Market by Ingredient: Vitamins & Minerals, 2019-2030, $ mn 64
Figure 31. Global Aquafeed Market by Ingredient: Amino Acids, 2019-2030, $ mn 65
Figure 32. Global Aquafeed Market by Ingredient: Antioxidants, 2019-2030, $ mn 66
Figure 33. Global Aquafeed Market by Ingredient: Enzymes, 2019-2030, $ mn 67
Figure 34. Global Aquafeed Market by Ingredient: Prebiotics & Probiotics, 2019-2030, $ mn 68
Figure 35. Global Aquafeed Market by Ingredient: Antibiotics, 2019-2030, $ mn 69
Figure 36. Global Aquafeed Market by Ingredient: Other Ingredients, 2019-2030, $ mn 70
Figure 37. Breakdown of Global Aquafeed Market by Product Form, 2019-2030, % of Sales Revenue 72
Figure 38. Global Addressable Market Cap in 2021-2030 by Product Form, Value ($ mn) and Share (%) 72
Figure 39. Global Aquafeed Market by Product Form: Pellet Feed, 2019-2030, $ mn 73
Figure 40. Global Aquafeed Market by Product Form: Extruded Feed, 2019-2030, $ mn 74
Figure 41. Global Aquafeed Market by Product Form: Powdered Feed, 2019-2030, $ mn 75
Figure 42. Global Aquafeed Market by Product Form: Liquid Feed, 2019-2030, $ mn 76
Figure 43. Breakdown of Global Aquafeed Market by Species, 2019-2030, % of Revenue 78
Figure 44. Global Addressable Market Cap in 2021-2030 by Species, Value ($ mn) and Share (%) 78
Figure 45. Global Aquafeed Market by Species: Fish Feed, 2019-2030, $ mn 79
Figure 46. Global Aquafeed Market by Species: Carp Feed, 2019-2030, $ mn 81
Figure 47. Global Aquafeed Market by Species: Salmon Feed, 2019-2030, $ mn 82
Figure 48. Global Aquafeed Market by Species: Tilapia Feed, 2019-2030, $ mn 83
Figure 49. Global Aquafeed Market by Species: Trout Feed, 2019-2030, $ mn 84
Figure 50. Global Aquafeed Market by Species: Catfish Feed, 2019-2030, $ mn 85
Figure 51. Global Aquafeed Market by Species: Other Fish Feed, 2019-2030, $ mn 86
Figure 52. Global Aquafeed Market by Species: Mollusk Feed, 2019-2030, $ mn 87
Figure 53. Global Aquafeed Market by Species: Oyster Feed, 2019-2030, $ mn 88
Figure 54. Global Aquafeed Market by Species: Mussel Feed, 2019-2030, $ mn 89
Figure 55. Global Aquafeed Market by Species: Other Mollusk Feed, 2019-2030, $ mn 90
Figure 56. Global Aquafeed Market by Species: Crustacean Feed, 2019-2030, $ mn 91
Figure 57. Global Aquafeed Market by Species: Shrimp Feed, 2019-2030, $ mn 93
Figure 58. Global Aquafeed Market by Species: Crab Feed, 2019-2030, $ mn 94
Figure 59. Global Aquafeed Market by Species: Krill Feed, 2019-2030, $ mn 95
Figure 60. Global Aquafeed Market by Species: Other Crustacean Feed, 2019-2030, $ mn 96
Figure 61. Global Aquafeed Market by Species: Other Aqua Feed, 2019-2030, $ mn 97
Figure 62. Breakdown of Global Aquafeed Market by Lifecycle, 2019-2030, % of Revenue 99
Figure 63. Global Addressable Market Cap in 2021-2030 by Lifecycle, Value ($ mn) and Share (%) 99
Figure 64. Global Aquafeed Market by Lifecycle: Grower Feed, 2019-2030, $ mn 100
Figure 65. Global Aquafeed Market by Lifecycle: Finisher Feed, 2019-2030, $ mn 101
Figure 66. Global Aquafeed Market by Lifecycle: Starter Feed, 2019-2030, $ mn 102
Figure 67. Global Aquafeed Market by Lifecycle: Brooder Feed, 2019-2030, $ mn 103
Figure 68. Global Market Snapshot by Region 104
Figure 69. Geographic Spread of Worldwide Aquafeed Market, 2019-2030, % of Sales Revenue 105
Figure 70. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 106
Figure 71. North American Aquafeed Market, 2019-2030, $ mn 109
Figure 72. Breakdown of North America Aquafeed Market by Country, 2019 and 2030, % of Revenue 110
Figure 73. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 111
Figure 74. U.S. Aquafeed Market, 2019-2030, $ mn 113
Figure 75. Canada Aquafeed Market, 2019-2030, $ mn 115
Figure 76. Aquafeed Market in Mexico, 2019-2030, $ mn 117
Figure 77. European Aquafeed Market, 2019-2030, $ mn 120
Figure 78. Breakdown of European Aquafeed Market by Country, 2019 and 2030, % of Revenue 121
Figure 79. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 122
Figure 80. Aquafeed Market in Germany, 2019-2030, $ mn 123
Figure 81. Aquafeed Market in U.K., 2019-2030, $ mn 125
Figure 82. Aquafeed Market in France, 2019-2030, $ mn 127
Figure 83. Aquafeed Market in Spain, 2019-2030, $ mn 129
Figure 84. Aquafeed Market in Italy, 2019-2030, $ mn 131
Figure 85. Aquafeed Market in Russia, 2019-2030, $ mn 133
Figure 86. Aquafeed Market in Rest of Europe, 2019-2030, $ mn 135
Figure 87. Asia-Pacific Aquafeed Market, 2019-2030, $ mn 138
Figure 88. Breakdown of APAC Aquafeed Market by Country, 2019 and 2030, % of Revenue 138
Figure 89. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 140
Figure 90. Aquafeed Market in Japan, 2019-2030, $ mn 142
Figure 91. Aquafeed Market in China, 2019-2030, $ mn 144
Figure 92. Aquafeed Market in Thailand, 2019-2030, $ mn 146
Figure 93. Aquafeed Market in India, 2019-2030, $ mn 148
Figure 94. Aquafeed Market in Vietnam, 2019-2030, $ mn 150
Figure 95. Aquafeed Market in Rest of APAC, 2019-2030, $ mn 152
Figure 96. South America Aquafeed Market, 2019-2030, $ mn 155
Figure 97. Breakdown of South America Aquafeed Market by Country, 2019 and 2030, % of Revenue 155
Figure 98. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 156
Figure 99. Aquafeed Market in Argentina, 2019-2030, $ mn 157
Figure 100. Aquafeed Market in Brazil, 2019-2030, $ mn 159
Figure 101. Aquafeed Market in Ecuador, 2019-2030, $ mn 161
Figure 102. Aquafeed Market in Rest of South America, 2019-2030, $ mn 163
Figure 103. Aquafeed Market in Middle East and Africa (MEA), 2019-2030, $ mn 165
Figure 104. Breakdown of MEA Aquafeed Market by Country, 2019 and 2030, % of Revenue 165
Figure 105. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 166
Figure 106. Aquafeed Market in Egypt, 2019-2030, $ mn 167
Figure 107. Aquafeed Market in Turkey, 2019-2030, $ mn 169
Figure 108. Aquafeed Market in South Africa, 2019-2030, $ mn 171
Figure 109. Growth Stage of Global Aquafeed Industry over the Forecast Period 174
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