According to the recent study the aquafeed market is projected to reach an estimated $84.2 billion by 2027 from $61.7 billion in 2021, at a CAGR of 5.3% from 2021 to 2027. Growth in this market is primarily driven by rising demand for seafood, rising population, and development in production techniques.
Browse 129 figures /
charts and 126 tables in this 242 -page report to understand trends,
opportunities and forecast in aquafeed market by product form (pellete,
extruded, powdered, and liquid form), ingredient (soybean meal, fish meal, fish
oil, corn meal, vegetable oil, source of carbohydrates and binders, additives
(vitamins, antibiotics, antioxidants, amino acids, feed enzymes, feed
acidifiers, and others), and others), species (fish, crustaceans, and
mollusks), and region (North America, Europe, Asia Pacific, and Rest of the
World).
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on below link https://www.lucintel.com/aquafeed-market.aspx
“Pellet form market is expected to
remain the largest segment during the forecast period.”
Based on product form,
the aquafeed market is segmented into pellete, extruded, powdered, and liquid
form. Lucintel forecasts that the pellet form market is expected to remain the
largest segment due to pelleted feed has lower manufacturing cost than
extrusion technology.
“Within the aquafeed market, the soybean meal segment is expected
to remain the largest ingredient.”
Based on ingredient the
soybean meal segment is expected to witness the highest growth over the
forecast period due to soybean meal is a rich source of protein and cheaper as
compared to fish meal.
“Asia pacific will dominate the aquafeed market in near future.”
Asia Pacific will remain
the largest region, and it is also expected to witness the highest growth over the
forecast period due to rising disposable incomes, rising aquaculture
production, and various government initiatives to increase production of
certified sustainable seafood is further accelerating the requirement of
aquafeed in the region.
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Major players of
aquafeed market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Cargill, Inc., Archer
Daniels Midland Company, Alltech Inc., Nutreco N.V., BioMar Group, Charoen
Pokphand Foods Public Company Limited, Ridley Corporation, Purina Animal
Nutrition, Avanti Feeds, and Aller Aqua A/S are among the major aquafeed
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/aquafeed-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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