アクアフェード市場：魚種（魚類、甲殻類、軟体動物）、原料（大豆、トウモロコシ、魚粉、魚油、添加物）、ライフサイクル（スターターフィード、グロワーフィード、フィニッシャーフィード、ブローダーフィード）、形態、添加物、地域別 - 2028年までの世界予測

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 2028

MarketsandMarketsによると、水産飼料市場は2023年の618億ドルから2028年には880億ドルに達すると予測され、予測期間中の年平均成長率は金額ベースで7.3%である。養殖飼料市場の成長は、世界的な水産物消費の増加... もっと見る

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MarketsandMarkets マーケッツアンドマーケッツ	2023年7月18日	US$4,950 シングルユーザライセンスライセンス・価格情報注文方法はこちら	297	376	英語

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MarketsandMarketsによると、水産飼料市場は2023年の618億ドルから2028年には880億ドルに達すると予測され、予測期間中の年平均成長率は金額ベースで7.3%である。養殖飼料市場の成長は、世界的な水産物消費の増加と、水産物製品の品質に対する消費者の意識の高まりに支えられている。さらに、特に新興国における一人当たり所得の増加が、養殖および養殖飼料産業の拡大を後押しすると予想される。長期的な市場拡大は、高品質の飼料の大部分が魚粉と魚油で作られているため、原材料コストの上昇によって制約を受けると予想される。
「原料別では、魚粉セグメントが予測期間中に最も速く予測される。
フィッシュミールは、骨や油を多く含む天然魚や小型の海産魚を使って調製される。人間の食用には適さない。魚粉は通常、60～72%のタンパク質、5～12%の脂肪、一般にオメガ3と呼ばれるEPAとDHA脂肪酸、ビタミン、ミネラルを多く含む。水産動物の飼料に魚粉を使用すると、飼料の全体的な効率が向上し、成長、嗜好性、栄養の取り込み、消化、吸収が改善されるため、水産飼料市場における魚粉の需要を牽引する。
"形態別では、ドライセグメントが予測期間中に最も速く予測される"
魚用飼料はペレットや顆粒の形で入手するのが最も一般的で、通常約7%～13%の水分を含んでいる。ほとんどの養殖飼料メーカーは、流動性のある構造で一貫性を持たせることができるため、乾燥形態の飼料を採用している。乾燥飼料は飼料要求率に優れ、水棲動物が飼料中の栄養素をより効果的に利用できる。その結果、養殖魚種は全体的にパフォーマンスが向上し、飼料にかける費用を抑えながら高い成長率を示すことができる。例えば、スコットランドのバイオテクノロジー企業MiAlgae社は、2023年4月、栄養価の高い飼料原料であるオメガ3粉末、NutrAlgaeを発売した。魚の餌やペットフードの原料として使用できる。この製品は、DHAやその他の油を高濃度に含んでいる。このため、新たな成分ベースの製品が誕生し、アクアフィード市場を牽引している。
"魚種別では、魚セグメントが予測期間中に最も速く予測される"
水産養殖、つまり水生動物の養殖の中で最も古く、最も普及しているのは魚の養殖である。サケ、ティラピア、コイ、ナマズなどの魚種を長期間にわたって大量に養殖しているため、魚に特化した養殖飼料は高い需要がある。加えて、魚は含まれる栄養素、特にオメガ3脂肪酸と高級タンパク質が珍重されている。このため、養殖魚には家庭用、海外用ともにかなりの市場需要がある。養殖生産者は、この需要を満たすために、養殖魚の発育、健康、品質を促進する栄養バランスの取れた、魚種に特化した養殖用飼料製剤に依存している。

「ライフサイクル別では、成長期セグメントが予測期間中に最も急速に成長すると予測される。
タンパク質は魚の成長にとって重要な要件である。一般に、魚のサイズが小さく、生後間もない魚のタンパク質要求量は高い。魚が大きくなるにつれて、タンパク質要求量は通常低くなる。最適な成長と発育のためには、稚魚や幼魚のような小さな魚にも栄養が必要です。育成魚用飼料は、タンパク質、炭水化物、脂肪、ビタミン、ミネラルをバランスよく配合し、小型魚の栄養要求に合うように設計されています。これらの飼料は、幼魚の骨格の発達、全体的な健康状態、健康的な成長を促進するように作られています。小型魚は成熟して大きくなるにつれて、必要な栄養が変化していきます。成長段階に合わせて適切な栄養素を提供することで、成長期用飼料はスターター用飼料と成魚用飼料の間の栄養ギャップを埋める役割を果たします。様々な栄養プロファイルを持つ成魚用飼料への切り替えの準備を整える移行期の飼料として機能します。

「添加物別では、アミノ酸セグメントが予測期間中に最も急速に成長すると予測される。
アミノ酸は動物栄養学において重要であり、タンパク質の構成要素であり、水生動物の成長、生産、健康全般の維持に不可欠な役割を果たす。アミノ酸は、筋肉や骨の成長、筋肉運動、消化、血液循環に必要なエネルギーを供給する。アミノ酸は、脂肪や炭水化物を含む他の栄養素を効果的に利用するために不可欠です。飼料中の特定のアミノ酸が不足すると、栄養素の代謝や吸収が阻害され、飼料効率や栄養利用率が低下する可能性がある。栄養利用率の最適化と飼料からバイオマスへの転換率の向上は、いずれも欠乏しているアミノ酸を補給することによって助けられる。メチオニン、リジン、トリプトファン、スレオニンは、動物飼料に広く使用されている4種類のアミノ酸である。トリプトファンは免疫系を調整し、健康を維持し、食欲を増進させ、成長率と飼料の効率を向上させる。

「アジア太平洋地域は予測期間中、市場成長に大きく貢献する。
アジア太平洋地域には、中国、インドネシア、ベトナム、タイ、インド、その他のアジア太平洋地域などの国が含まれる。また、この地域は2022年の世界のアクアフィード市場で63.5％の最大シェアを占めている。FAOが2022年に発表した報告書によると、アジアは引き続き世界の養殖生産を支配しており、2020年の生産シェアは70％、次いでアメリカ大陸が12％、ヨーロッパが10％を占め、残りの養殖生産はアフリカとオセアニアが貢献している。中国は依然として主要生産国で、総生産量の35％を占めている。世界の養殖業の拡大は、アジア諸国が保有する大規模な漁船団にも起因しており、その漁船団は世界全体の約3分の2を占めている。したがって、アジア太平洋地域における養殖セクターの拡大は、養殖飼料の需要を牽引している。同地域は世界の養殖生産において大きなシェアを占めており、産業が成長するにつれて、高品質で持続可能な養殖飼料に対するニーズが高まり、同地域の養殖飼料市場を牽引すると予想される。
プライマリーの内訳
企業タイプ別：Tier1-30％、Tier2-30％、Tier3-40
役職別CXO-31%、マネージャー-24%、エグゼクティブ-45
地域別北米：35%、欧州：30%、アジア太平洋地域：20%、南米：10%、アジア太平洋地域：5

本レポートに掲載されている主要企業
- ADM社（米国）
- カーギル社（米国）
- リドレー・コーポレーション・リミテッド（オーストラリア）
- ニュートレコ（オランダ）
- オールテック（米国）
- ピュリナ・アニマル・ニュートリション（米国）
- アディセオ（ベルギー）
- Aller Aqua A/S（デンマーク）
- バイオミン（オーストリア）
- バイオマー（デンマーク）
- ノレル・アニマル・ニュートリション（スペイン）
- Avanti Feeds Limited （インド）
- De Heus Animal Nutrition B.V（オランダ）
- ノーバス・インターナショナル（米国）
- Biostadt India Limited （インド）
この調査には、アクアフェード市場におけるこれらの主要企業の会社概要、最近の動向、主要市場戦略などの詳細な競合分析が含まれています。
調査範囲
この調査レポートは、アクアフェード市場を魚種、添加物、形態、ライフサイクル、成分、地域に基づいて分類しています。洞察の面では、本レポートは様々なレベルの分析-競争環境、最終用途分析、企業プロファイル-に焦点を当てており、これらは共に世界の養殖飼料市場の新興＆高成長セグメント、高成長地域、国、政府の取り組み、促進要因、阻害要因、機会、および課題についての見解を構成し、議論しています。
このレポートを購入する理由
本レポートは、市場リーダー/新規参入者にとって、水産飼料市場全体およびサブセグメントの収益数値に最も近い近似値に関する情報を提供します。本レポートは、利害関係者が競争状況を理解し、自社のビジネスをより良く位置づけ、適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。また、利害関係者が市場の鼓動を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。
本レポートは、以下のポイントに関する洞察を提供します：
- 水産養殖市場の成長に影響を与える主な促進要因（水産養殖産業の成長）、阻害要因（発展途上国における近代的な給餌方法に関する認識の欠如）、機会（政府からの支援の成長）、課題（環境と人間の健康への懸念の成長）の分析。
- 製品開発／イノベーション：養殖飼料市場における研究開発活動、新製品・新サービスの発売に関する詳細な洞察。
- 市場開発：有利な市場に関する包括的な情報 - 当レポートでは、様々な地域の養殖飼料市場を分析しています。
- 市場の多様化：アクアフィード市場における新製品、未開拓の地域、最近の開発、投資に関する詳細な情報。
- 競争力の評価：ADM社（米国）、Cargill, Incorporated社（米国）、Ridley Corporation Limited社（オーストラリア）、Nutreco社（オランダ）、Alltech社（米国）などの主要企業の市場シェア、成長戦略、製品提供について詳細に評価しています。また、本レポートは、関係者が水産飼料市場を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
FIGURE 1 MARKET SEGMENTATION 26
1.3.1 REGIONS COVERED 27
1.3.2 INCLUSIONS & EXCLUSIONS 27
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 29
TABLE 1 USD EXCHANGE RATES, 2018–2022 29
1.5 STAKEHOLDERS 29
1.6 SUMMARY OF CHANGES 30
1.6.1 RECESSION IMPACT ANALYSIS 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 AQUAFEED MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
2.1.2.1 Key data from primary sources 33
2.1.2.2 Key industry insights 34
2.1.2.3 Breakdown of primaries 34
2.2 MARKET SIZE ESTIMATION 35
2.2.1 APPROACH ONE: TOP-DOWN 35
FIGURE 3 AQUAFEED MARKET SIZE ESTIMATION – TOP-DOWN APPROACH 36
2.2.2 APPROACH TWO: BOTTOM-UP 36
FIGURE 4 AQUAFEED MARKET SIZE ESTIMATION – BOTTOM-UP APPROACH 37
2.2.3 AQUAFEED MARKET SIZE ESTIMATION: SUPPLY SIDE 37
FIGURE 5 AQUAFEED MARKET SIZE ESTIMATION (SUPPLY SIDE) 38
2.2.4 AQUAFEED MARKET SIZE ESTIMATION: DEMAND SIDE 38
FIGURE 6 AQUAFEED MARKET SIZE ESTIMATION (DEMAND SIDE) 38
2.3 DATA TRIANGULATION 39
FIGURE 7 DATA TRIANGULATION METHODOLOGY 39
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 40
2.4.1 ASSUMPTIONS 40
TABLE 2 ASSUMPTIONS 40
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 41
2.6 RECESSION IMPACT ON AQUAFEED MARKET 41
2.6.1 MACRO INDICATORS OF RECESSION 41
FIGURE 8 INDICATORS OF RECESSION 42
FIGURE 9 WORLD INFLATION RATE: 2011-2021 42
FIGURE 10 GLOBAL GDP: 2011-2021 (USD TRILLION) 43
FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON AQUAFEED MARKET 44
FIGURE 12 GLOBAL AQUAFEED MARKET: EARLIER FORECAST VS. RECESSION FORECAST 45
3 EXECUTIVE SUMMARY 46
TABLE 3 AQUAFEED MARKET SNAPSHOT (VALUE), 2023 VS. 2028 47
FIGURE 13 AQUAFEED MARKET SIZE, BY INGREDIENT, 2023 VS. 2028 (USD MILLION) 48
FIGURE 14 AQUAFEED MARKET SIZE, BY LIFECYCLE, 2023 VS. 2028 (USD MILLION) 48
FIGURE 15 AQUAFEED MARKET SIZE, BY FORM, 2023 VS. 2028 (USD MILLION) 49
FIGURE 16 AQUAFEED MARKET SIZE, BY ADDITIVE, 2023 VS. 2028 (USD MILLION) 49
FIGURE 17 AQUAFEED MARKET SIZE, BY SPECIES, 2023 VS. 2028 (USD MILLION) 50
FIGURE 18 AQUAFEED MARKET SHARE (VALUE), BY REGION, 2022 50
4 PREMIUM INSIGHTS 52
4.1 BRIEF OVERVIEW OF AQUAFEED MARKET 52
FIGURE 19 INCREASING TRADE OF SEAFOOD TO PROPEL MARKET GROWTH 52
4.2 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT AND COUNTRY 53
FIGURE 20 CHINA ACCOUNTED FOR LARGEST SHARE IN 2022 53
4.3 AQUAFEED MARKET, BY LIFECYCLE AND REGION, 2022 53
FIGURE 21 GROWER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 53
4.4 AQUAFEED MARKET, BY FORM 54
FIGURE 22 DRY FORM DOMINATED MARKET IN 2022 54
4.5 AQUAFEED MARKET: MAJOR REGIONAL SUBMARKETS 54
FIGURE 23 CHINA DOMINATED MARKET IN 2022 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
FIGURE 24 GLOBAL POPULATION, 2010-2021 56
5.2 MARKET DYNAMICS 56
FIGURE 25 AQUAFEED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 56
5.2.1 DRIVERS 57
5.2.1.1 Growth in aquaculture industry 57
TABLE 4 GLOBAL AQUACULTURE PRODUCTION, 2013–2018 (MILLION TONNES) 57
5.2.1.2 Rise in seafood trade to propel demand 57
5.2.1.3 Increase in consumption of fish 58
5.2.2 RESTRAINTS 59
5.2.2.1 Lack of awareness about modern feeding methods in developing countries 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Growth in support from governments 60
5.2.3.2 Development of innovative products as source of protein 60
5.2.4 CHALLENGES 61
5.2.4.1 Growth in environmental and human health concerns 61
5.2.4.2 Disease outbreaks and disease prevention measures 61
6 INDUSTRY TRENDS 63
6.1 INTRODUCTION 63
6.2 VALUE CHAIN ANALYSIS 63
6.2.1 RESEARCH AND DEVELOPMENT 64
6.2.2 PROCUREMENT 64
6.2.3 MANUFACTURING/PRODUCTION 64
6.2.4 DISTRIBUTION 64
6.2.5 MARKETING AND SALES 64
6.2.6 END USER 64
FIGURE 26 AQUAFEED MARKET: VALUE CHAIN ANALYSIS 65
6.3 PRICING ANALYSIS: AQUAFEED MARKET, BY INGREDIENT 65
TABLE 5 AVERAGE SELLING PRICE, BY INGREDIENT, 2018–2022 (USD/KT) 65
6.4 ECOSYSTEM MAP 66
6.4.1 AQUAFEED MARKET: ECOSYSTEM VIEW 66
6.4.2 AQUAFEED MARKET MAP 67
6.4.2.1 Upstream 67
6.4.2.1.1 Aquafeed manufacturers 67
6.4.2.1.2 Raw material providers 68
6.4.2.1.3 Academia and research institutes 68
6.4.2.2 Downstream 68
6.4.2.2.1 Retailers and distributors 68
6.5 TRENDS/DISRUPTIONS IMPACTING CONSUMER’S BUSINESS 69
FIGURE 27 REVENUE SHIFT FOR AQUAFEED MARKET 69
6.6 PATENT ANALYSIS 70
FIGURE 28 REGIONAL ANALYSIS OF PATENTS GRANTED 70
FIGURE 29 ANALYSIS OF PATENTS GRANTED, 2012–2022 71
TABLE 6 KEY PATENTS PERTAINING TO DISINFECTANTS IN LIVESTOCK, 2022–23 72
6.7 TRADE ANALYSIS 73
TABLE 7 KEY EXPORTING COUNTRIES OF AQUAFEED, 2022 (USD MILLION) 73
FIGURE 30 AQUAFEED EXPORT, BY KEY COUNTRY, 2018–2022 (USD MILLION) 73
TABLE 8 KEY IMPORTING COUNTRIES OF AQUAFEED, 2022 (USD MILLION) 74
FIGURE 31 AQUAFEED IMPORT, BY KEY COUNTRY, 2018–2022 (USD MILLION) 74
6.8 TARIFF AND REGULATORY LANDSCAPE 74
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 12 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
6.9 REGULATORY FRAMEWORK 77
6.9.1 INTRODUCTION 77
6.9.2 NORTH AMERICA 77
6.9.2.1 US 77
6.9.2.2 Canada 78
6.9.2.3 Mexico 80
6.9.3 EUROPE 81
6.9.4 ASIA PACIFIC 81
6.9.4.1 China 81
6.9.5 JAPAN 82
6.9.5.1 India 84
6.9.5.2 Australia 85
6.9.6 SOUTH AMERICA 87
6.9.6.1 Brazil 87
6.10 TECHNOLOGY ANALYSIS 87
6.10.1 NUTRIENT ENCAPSULATION 87
6.10.2 3 D PRINTING 87
6.11 PORTER’S FIVE FORCES ANALYSIS 88
TABLE 13 AQUAFEEDS MARKET: PORTER’S FIVE FORCES ANALYSIS 88
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 88
6.11.2 BARGAINING POWER OF SUPPLIERS 88
6.11.3 BARGAINING POWER OF BUYERS 88
6.11.4 THREAT OF SUBSTITUTES 89
6.11.5 THREAT OF NEW ENTRANTS 89
6.12 KEY STAKEHOLDERS & BUYING CRITERIA 89
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 90
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 90
TABLE 14 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE TYPES OF AQUAFEED (%) 90
6.12.2 BUYING CRITERIA 90
FIGURE 33 KEY BUYING CRITERIA FOR SPECIES 91
TABLE 15 KEY BUYING CRITERIA FOR TOP THREE TYPES OF AQUAFEED 91
6.13 CASE STUDY 92
6.13.1 AVANTI FEEDS LIMITED: REVOLUTIONIZING AQUAFEED INDUSTRY IN INDIA 92
TABLE 16 REVOLUTIONIZING INDIA'S AQUAFEED INDUSTRY: AVANTI FEEDS LIMITED'S COLLABORATIVE APPROACH AND TECHNOLOGICAL ADVANCEMENTS 92
7 AQUAFEED MARKET, BY ADDITIVE 93
7.1 INTRODUCTION 94
FIGURE 34 AQUAFEED MARKET SIZE, BY ADDITIVE, 2023 VS. 2028 (USD MILLION) 94
TABLE 17 AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 95
TABLE 18 AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 95
7.2 AMINO ACIDS 96
7.2.1 AMINO ACIDS TO OVERCOME DIETARY DEFICIENCIES AND DRIVE GROWTH 96
TABLE 19 AMINO ACIDS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 96
TABLE 20 AMINO ACIDS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 96
7.3 VITAMINS & MINERALS 97
7.3.1 VITAMINS TO AID IN MAINTAINANCE OF AQUATIC ANIMALS AND BOOST GROWTH 97
TABLE 21 VITAMINS & MINERALS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 97
TABLE 22 VITAMINS & MINERALS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 97
7.4 PREBIOTICS & PROBIOTICS 98
7.4.1 PROBIOTICS & PREBIOTICS TO REGULATE GUT HEALTH OF AQUATIC ANIMALS AND DRIVE GROWTH 98
TABLE 23 PREBIOTICS & PROBIOTICS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 98
TABLE 24 PREBIOTICS & PROBIOTICS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 98
7.5 ENZYMES 99
7.5.1 FEED ENZYMES TO AID IN NUTRIENT ABSORPTION AND DRIVE GROWTH 99
TABLE 25 ENZYMES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 26 ENZYMES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 99
7.6 ANTIBIOTICS 100
7.6.1 INFECTIOUS DISEASES SUCH AS COLUMNARIS AND STREPTOCOCCAL INFECTIONS IN AQUATIC ANIMALS TO LEAD TO ADOPTION OF ANTIBIOTICS 100
TABLE 27 ANTIBIOTICS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 100
TABLE 28 ANTIBIOTICS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 101
7.7 ANTIOXIDANTS 101
7.7.1 RISE IN DEMAND FOR FISH FEED TO DRIVE GROWTH OF ANTIOXIDANTS AS ADDITIVE 101
TABLE 29 ANTIOXIDANTS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 30 ANTIOXIDANTS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 102
7.8 OTHER ADDITIVES 102
TABLE 31 OTHER ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 102
TABLE 32 OTHER ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 103
8 AQUAFEED MARKET, BY FORM 104
8.1 INTRODUCTION 105
FIGURE 35 AQUAFEED MARKET SIZE, BY FORM, 2023 VS. 2028 (USD MILLION) 105
TABLE 33 AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 105
TABLE 34 AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 105
8.2 DRY FORM 106
8.2.1 FREE-FLOWING STRUCTURE AND CONSISTENCY OF DRY AQUAFEED TO DRIVE GROWTH 106
TABLE 35 DRY FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 106
TABLE 36 DRY FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 106
8.3 WET FORM 107
8.3.1 WET FORM OF FEED TO MEET NUTRITIONAL REQUIREMENTS OF FISHES 107
TABLE 37 WET FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 107
TABLE 38 WET FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 107
8.4 MOIST FORM 108
8.4.1 MOIST FORM TO BE PALATABLE TO AQUATIC ANIMALS DUE TO ITS SOFT CONSISTENCY 108
TABLE 39 MOIST FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 108
TABLE 40 MOIST FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 108
9 AQUAFEED MARKET, BY INGREDIENT 109
9.1 INTRODUCTION 110
FIGURE 36 AQUAFEED MARKET SIZE, BY INGREDIENT, 2023 VS. 2028 (USD MILLION) 110
TABLE 41 AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 110
TABLE 42 AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 111
TABLE 43 AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 111
TABLE 44 AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 111
9.2 SOYBEAN 112
9.2.1 APPLICATION OF SOYBEAN FOR ANIMAL FEED TO BOOST MARKET 112
9.2.1.1 Soybean meal 112
9.2.1.2 Soy oil 112
9.2.1.3 Soy lecithin 112
TABLE 45 SOYBEAN: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 112
TABLE 46 SOYBEAN: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 113
TABLE 47 SOYBEAN: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 113
TABLE 48 SOYBEAN: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 113
9.3 FISH MEAL 114
9.3.1 FISHMEAL TO IMPROVE FEED EFFICIENCY OF FISHES AND PRAWNS AND DRIVE GROWTH 114
TABLE 49 FISH MEAL: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 114
TABLE 50 FISH MEAL: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 115
TABLE 51 FISH MEAL: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 115
TABLE 52 FISH MEAL: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 115
9.4 CORN 116
9.4.1 USAGE OF CORN OIL AS LOW-COST ALTERNATIVE IN AQUACULTURE TO DRIVE GROWTH 116
9.4.1.1 Corn gluten meal 116
9.4.1.2 Corn gluten feed 116
9.4.1.3 Corn oil 116
TABLE 53 CORN: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 54 CORN: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 117
TABLE 55 CORN: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 117
TABLE 56 CORN: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 118
9.5 FISH OIL 118
9.5.1 NUTRIENT INFUSED OMEGA-3 FATTY ACIDS TO PROVIDE NUTRIENTS FOR SALMONIDS AND MARINE AND PROPEL GROWTH 118
TABLE 57 FISH OIL: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 58 FISH OIL: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 119
TABLE 59 FISH OIL: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 119
TABLE 60 FISH OIL: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 120
9.6 ADDITIVES 120
9.6.1 GROWING DEMAND FOR HIGH-PROTEIN DIETS TO DRIVE GROWTH 120
TABLE 61 ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 62 ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 121
TABLE 63 ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 121
TABLE 64 ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 121
9.7 OTHER INGREDIENTS 122
TABLE 65 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 66 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 67 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 123
TABLE 68 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 123
10 AQUAFEED MARKET, BY LIFECYCLE 124
10.1 INTRODUCTION 125
FIGURE 37 AQUAFEED MARKET SIZE, BY LIFECYCLE, 2023 VS. 2028 (USD MILLION) 125
TABLE 69 AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 125
TABLE 70 AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 126
10.2 GROWER FEED 126
10.2.1 GROWER FEED WITH NUTRIENT BALANCE OF PROTEINS, CARBS, AND FATS FOR FINGERLINGS TO BOOST MARKET 126
TABLE 71 GROWER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 72 GROWER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 127
10.3 FINISHER FEED 127
10.3.1 FINISHER FEEDS TO ENHANCE PROTEIN INTAKE OF AQUATIC SPECIES 127
TABLE 73 FINISHER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 74 FINISHER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 128
10.4 STARTER FEED 128
10.4.1 STARTER FEED TO IMPROVE DIGESTION AND NUTRITIONAL INTAKE OF SMALL AQUATIC ANIMALS 128
TABLE 75 STARTER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 128
TABLE 76 STARTER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 129
10.5 BROODER FEED 129
10.5.1 BOTH NATURAL AND ARTIFICIAL FEEDS TO ENSURE BETTER REPRODUCTION IN BROODERS 129
TABLE 77 BROODER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 78 BROODER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 130
11 AQUAFEED MARKET, BY SPECIES 131
11.1 INTRODUCTION 132
FIGURE 38 AQUAFEED MARKET SIZE, BY SPECIES, 2023 VS. 2028 (USD MILLION) 132
TABLE 79 AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 132
TABLE 80 AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 133
11.2 FISH 133
11.2.1 FISH AS ANIMAL PROTEIN TO DRIVE DEMAND FOR AQUAFEED INGREDIENTS AMONG ALL SPECIES 133
TABLE 81 FISH: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 82 FISH: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 134
11.2.2 TILAPIA 134
11.2.3 SALMON 134
11.2.4 CARP 135
11.2.5 TROUT 135
11.2.6 OTHER FISH SPECIES 135
TABLE 83 FISH: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION) 135
TABLE 84 FISH: AQUAFEED MARKET, SUB-TYPE, 2023–2028 (USD MILLION) 136
11.3 CRUSTACEANS 136
11.3.1 GROWTH IN SHRIMP PRODUCTION TO BOOST AQUAFEED CONSUMPTION AMONG CRUSTACEANS 136
TABLE 85 CRUSTACEANS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 137
TABLE 86 CRUSTACEANS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 137
11.3.2 SHRIMPS 137
11.3.3 CRABS 137
11.3.4 KRILLS 137
11.3.5 OTHER CRUSTACEANS 138
TABLE 87 CRUSTACEANS: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION) 138
TABLE 88 CRUSTACEANS: AQUAFEED MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 138
11.4 MOLLUSKS 138
11.4.1 OYSTERS AND MUSSELS TO PROPEL GROWTH 138
TABLE 89 MOLLUSKS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 139
TABLE 90 MOLLUSKS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 139
11.4.2 OYSTERS 139
11.4.3 MUSSELS 140
11.4.4 OTHER MOLLUSKS 140
TABLE 91 MOLLUSKS: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION) 140
TABLE 92 MOLLUSKS: AQUAFEED MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 140
11.5 OTHER SPECIES 141
TABLE 93 OTHER SPECIES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 141
TABLE 94 OTHER SPECIES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 141
12 AQUAFEED MARKET, BY REGION 142
12.1 INTRODUCTION 143
FIGURE 39 AQUAFEED MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 143
FIGURE 40 VIETNAM TO BE FASTEST GROWING REGION DURING FORECAST PERIOD 144
TABLE 95 AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 144
TABLE 96 AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 145
TABLE 97 AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 145
TABLE 98 AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 145
12.2 NORTH AMERICA 146
TABLE 99 NORTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 146
TABLE 100 NORTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 146
TABLE 101 NORTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 147
TABLE 102 NORTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 147
TABLE 103 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 147
TABLE 104 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 148
TABLE 105 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 148
TABLE 106 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 148
TABLE 107 NORTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 149
TABLE 108 NORTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 149
TABLE 109 NORTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 149
TABLE 110 NORTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 150
TABLE 111 NORTH AMERICA: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 150
TABLE 112 NORTH AMERICA: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 150
12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 151
FIGURE 41 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 151
FIGURE 42 NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 152
12.2.2 US 152
12.2.2.1 Increasing aquaculture production and consumption to drive growth 152
TABLE 113 US: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 153
TABLE 114 US: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 153
TABLE 115 US: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 154
TABLE 116 US: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 154
12.2.3 MEXICO 154
12.2.3.1 Government initiatives to promote consumption of seafood and drive growth 154
TABLE 117 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 155
TABLE 118 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 155
TABLE 119 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 156
TABLE 120 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 156
12.2.4 CANADA 156
12.2.4.1 Rise in market exports to promote aquafeed market 156
TABLE 121 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 157
TABLE 122 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 157
TABLE 123 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 158
TABLE 124 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 158
12.3 EUROPE 158
FIGURE 43 EUROPE: AQUAFEED MARKET SNAPSHOT, 2022 159
TABLE 125 EUROPE: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 160
TABLE 126 EUROPE: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 160
TABLE 127 EUROPE: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 160
TABLE 128 EUROPE: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 161
TABLE 129 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 161
TABLE 130 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 161
TABLE 131 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 162
TABLE 132 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 162
TABLE 133 EUROPE: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 162
TABLE 134 EUROPE: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 163
TABLE 135 EUROPE: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 163
TABLE 136 EUROPE: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 163
TABLE 137 EUROPE: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 164
TABLE 138 EUROPE: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 164
12.3.1 EUROPE: RECESSION IMPACT ANALYSIS 164
FIGURE 44 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2017–2021 165
FIGURE 45 EUROPE: RECESSION IMPACT ANALYSIS, 2022 166
12.3.2 NORWAY 166
12.3.2.1 Research and development activities related to aquafeed to drive growth 166
TABLE 139 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 167
TABLE 140 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 168
TABLE 141 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 168
TABLE 142 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 168
12.3.3 GREECE 169
12.3.3.1 Increase in seafood production to boost growth 169
TABLE 143 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 169
TABLE 144 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 170
TABLE 145 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 170
TABLE 146 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 170
12.3.4 UK 171
12.3.4.1 Rise in seafood consumption coupled with aquaculture trading to propel growth 171
TABLE 147 UK: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 171
TABLE 148 UK: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 172
TABLE 149 UK: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 172
TABLE 150 UK: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 172
12.3.5 RUSSIA 173
12.3.5.1 Government initiatives to propel market 173
TABLE 151 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 173
TABLE 152 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 174
TABLE 153 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 174
TABLE 154 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 174
12.3.6 SPAIN 175
12.3.6.1 Seafood trading with other countries along with country’s vast mollusk population to raise demand 175
TABLE 155 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 175
TABLE 156 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 176
TABLE 157 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 176
TABLE 158 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 176
12.3.7 REST OF EUROPE 177
TABLE 159 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 177
TABLE 160 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 177
TABLE 161 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 178
TABLE 162 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 178
12.4 ASIA PACIFIC 178
FIGURE 46 ASIA PACIFIC: AQUAFEED MARKET SNAPSHOT, 2022 179
FIGURE 47 CHINA PROJECTED TO GROW FASTEST DURING FORECAST PERIOD 180
TABLE 163 ASIA PACIFIC: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 180
TABLE 164 ASIA PACIFIC: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 180
TABLE 165 ASIA PACIFIC: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 181
TABLE 166 ASIA PACIFIC: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 181
TABLE 167 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 181
TABLE 168 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 182
TABLE 169 AISA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 182
TABLE 170 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 182
TABLE 171 ASIA PACIFIC: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 183
TABLE 172 ASIA PACIFIC: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 183
TABLE 173 ASIA PACIFIC: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 183
TABLE 174 ASIA PACIFIC: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 184
TABLE 175 ASIA PACIFIC: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 184
TABLE 176 ASIA PACIFIC: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 184
12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 185
FIGURE 48 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2021 185
FIGURE 49 ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2022 186
12.4.2 CHINA 186
12.4.2.1 Growth in aquaculture industry to propel market growth 186
TABLE 177 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 187
TABLE 178 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 187
TABLE 179 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 188
TABLE 180 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 188
12.4.3 VIETNAM 188
12.4.3.1 Increased production and trading of shrimps and other seafood products to boost market 188
TABLE 181 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 189
TABLE 182 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 189
TABLE 183 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 190
TABLE 184 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 190
12.4.4 THAILAND 190
12.4.4.1 Rise in demand for exotic seafood products to drive market 190
TABLE 185 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 191
TABLE 186 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 191
TABLE 187 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 192
TABLE 188 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 192
12.4.5 INDONESIA 192
12.4.5.1 Maintenance of wellbeing of aquatic animals to drive demand for aquafeed 192
TABLE 189 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 193
TABLE 190 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 193
TABLE 191 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 193
TABLE 192 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 194
12.4.6 INDIA 194
12.4.6.1 Shift toward intensive aquafarming to propel market growth 194
TABLE 193 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 195
TABLE 194 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 195
TABLE 195 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 195
TABLE 196 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 196
12.4.7 REST OF ASIA PACIFIC 196
12.4.7.1 Seafood to be healthy dietary constituent and drive growth 196
TABLE 197 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 197
TABLE 198 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 197
TABLE 199 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 197
TABLE 200 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 198
12.5 SOUTH AMERICA 198
12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 198
FIGURE 50 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2021 199
FIGURE 51 SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 200
TABLE 201 SOUTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 200
TABLE 202 SOUTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 201
TABLE 203 SOUTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 201
TABLE 204 SOUTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 201
TABLE 205 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 202
TABLE 206 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 202
TABLE 207 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 202
TABLE 208 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 203
TABLE 209 SOUTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 203
TABLE 210 SOUTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 203
TABLE 211 SOUTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 204
TABLE 212 SOUTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 204
TABLE 213 SOUTH AMERICA: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 204
TABLE 214 SOUTH AMERICA: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 204
12.5.2 CHILE 205
12.5.2.1 Suitable climatic conditions in large fish farms to drive growth 205
TABLE 215 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 205
TABLE 216 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 205
TABLE 217 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 206
TABLE 218 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 206
12.5.3 BRAZIL 207
12.5.3.1 Favorable government opportunities formulated to propel growth 207
TABLE 219 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 207
TABLE 220 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 208
TABLE 221 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 208
TABLE 222 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 208
12.5.4 REST OF SOUTH AMERICA 209
TABLE 223 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 209
TABLE 224 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 209
TABLE 225 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 210
TABLE 226 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 210
12.6 REST OF THE WORLD (ROW) 210
12.6.1 RECESSION IMPACT ANALYSIS, REST OF THE WORLD (ROW) 211
FIGURE 52 ROW: INFLATION RATES, BY KEY COUNTRY, 2018–2021 211
FIGURE 53 ROW: RECESSION IMPACT ANALYSIS, 2022 212
TABLE 227 ROW: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 212
TABLE 228 ROW: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 213
TABLE 229 ROW: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 213
TABLE 230 ROW: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 213
TABLE 231 ROW: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 214
TABLE 232 ROW: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 214
TABLE 233 ROW: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 214
TABLE 234 ROW: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 215
TABLE 235 ROW: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 215
TABLE 236 ROW: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 215
TABLE 237 ROW: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 216
TABLE 238 ROW: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 216
TABLE 239 ROW: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 216
TABLE 240 ROW: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 216
12.6.2 AFRICA 217
12.6.2.1 Lack of infrastructure and poor access to market to decrease aquaculture activity 217
TABLE 241 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 217
TABLE 242 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 217
TABLE 243 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 218
TABLE 244 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 218
12.6.3 MIDDLE EAST 218
12.6.3.1 Rise in demand for value-added processed seafood products to drive growth 218
TABLE 245 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 219
TABLE 246 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 219
TABLE 247 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 219
TABLE 248 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 220
13 COMPETITIVE LANDSCAPE 221
13.1 OVERVIEW 221
13.2 MARKET SHARE ANALYSIS, 2022 222
TABLE 249 AQUAFEED MARKET: DEGREE OF COMPETITION 222
13.3 STRATEGIES ADOPTED BY KEY PLAYERS 223
TABLE 250 STRATEGIES ADOPTED BY KEY PLAYERS 223
13.4 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 225
FIGURE 54 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2018–2022 (USD BILLION) 225
13.5 COMPANY EVALUATION MATRIX (KEY PLAYERS) 226
13.5.1 STARS 226
13.5.2 EMERGING LEADERS 226
13.5.3 PERVASIVE PLAYERS 226
13.5.4 PARTICIPANTS 227
FIGURE 55 AQUAFEED MARKET: COMPANY EVALUATION MATRIX, 2022 (KEY PLAYERS) 227
13.5.5 PRODUCT FOOTPRINT 228
TABLE 251 COMPANY FOOTPRINT, BY SPECIES 228
TABLE 252 COMPANY FOOTPRINT, BY FORM 228
TABLE 253 COMPANY FOOTPRINT, BY REGION 229
TABLE 254 OVERALL, COMPANY FOOTPRINT 230

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Table of Contents

Summary

According to MarketsandMarkets, the aquafeed market is projected to reach USD 88.0 billion by 2028 from 61.8 billion by 2023, at a CAGR of 7.3% during the forecast period in terms of value. Growth in the aquafeed market has been aided by rising worldwide seafood consumption and rising consumer awareness of the quality of seafood products. Additionally, it is anticipated that an increase in per capita income, particularly in emerging countries, will support the expansion of the aquaculture and aquafeed industries. Long-term market expansion is anticipated to be constrained by rising raw material costs because the bulk of high-quality feed is made with fish meal and fish oil.
"By ingredients, fish meal segment is projected at a fastest during the forecast period."
Fishmeal is prepared by using wild-caught and small marine fish, which contain a high percentage of bones and oil. It is unsuitable for human consumption. It typically contains 60% to 72% protein; 5% to 12% fat; and a high content of EPA and DHA fatty acids more commonly referred to as Omega-3, vitamins, and minerals. The use of fishmeal in the diet of aquatic animals improves the overall efficiency of the feed and improves their growth, palatability, nutrition uptake, digestion, and absorption, thus driving the demand for fish meal in aquafeed market.
"By form, the dry segment is projected fastest during the forecast period.”
The feed for fish is most commonly available in the form of pellets or granules, and usually contains moisture of approximately 7%–13%. Most aquafeed manufacturers adopt the use of the dry form of feed due to its free-flowing structure and ability to provide consistency. Dry feed has superior feed conversion ratios, which means that aquatic animals use the nutrients in the diet more effectively. As a result, the aquaculture species may perform better overall and grow at higher rates while spending less on feed. Companies are also coming up with new product launches, such as, in April 2023, MiAlgae, Scottish biotech company, launched NutrAlgae, an omega 3 powder which is a nutritious feed ingredient. It can be used as fish feed and pet food ingredient. The product has a high concentration of DHA and other oils. This is allowing new ingredient-based products thus driving the aquafeed market.
"By species, the fish segment is projected fastest during the forecast period.”
The oldest and most popular type of aquaculture, or cultivation of aquatic animals, is fish farming. Fish-focused aquafeed is in high demand due to the vast farming of fish species like salmon, tilapia, carp, and catfish over a long period of time. In addition, fish are highly prized for the nutrients they contain, particularly the omega-3 fatty acids and premium protein. Due to this, there is a substantial market demand for farmed fish for both home and international use. Aquaculture producers depend on nutrient-balanced and species-specific aquafeed formulations to promote the development, health, and quality of farmed fish in order to meet this demand.

“By lifecycle, grower segment is projected in fastest during the forecast period.”
Proteins are an important requirement for the growth of fish. The protein requirements are generally higher for fish, which are smaller in size and are at the early stages of life. As the fish grows larger, the protein requirements are usually lower. For optimum growth and development, small fish, such as fingerlings or juvenile fish, have nutritional needs. Grower feeds are designed to suit the nutritional requirements of small fish by delivering a well-balanced mix of proteins, carbs, fats, vitamins, and minerals. These feeds are made to promote the juvenile fish's skeletal development, overall wellbeing, and healthy growth. The nutritional requirements of small fish alter as they mature and develop to bigger sizes. By offering proper nutrient profile for their intermediate growth stages, grower feeds assist in bridging the nutritional gap between starter feeds and adult feeds. They act as a transitional diet that gets the fish ready for their eventual switch to adult feeds, which have various nutrient profiles.

“By additives, amino acids segment is projected in fastest 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. They provide the energy required for the growth of muscles and bones for muscle movement, digestion, and blood circulation. Amino acids are essential for the effective utilization of other nutrients, including fats and carbs. Lack of certain amino acids in the diet could interfere with the metabolism and absorption of nutrients, thereby reducing feed efficiency and nutrient utilization. The optimization of nutrient utilization and the improvement of feed conversion into biomass are both aided by the supplementation of the lacking amino acids. Methionine, lysine, tryptophan, and threonine are the four types of amino acids widely used in animal feed. Tryptophan regulates the immune system, maintains health, increases appetite, and improves the growth rate and efficiency of feed.

“Asia Pacific will significantly contribute towards market growth during the forecast period.”
The Asia Pacific region includes countries such as China, Indonesia, Vietnam, Thailand, India, and Rest of Asia Pacific. The region also accounted for the largest share of 63.5% in the global aquafeed market in 2022. According to a report published by FAO in 2022, Asia continued to dominate the global aquaculture production, with the production share of 70% in 2020, which is followed by Americas accounting 12% and then Europe having the share of 10%, and the rest of the aquaculture production is contributed by Africa and Oceania. China remained the major producer with a share of 35% of the total output. The expansion in the global aquaculture is also attributed to the large fishing fleet that Asian countries have, which is about two-thirds of the global total. Therefore, the expansion of the aquaculture sector in Asia Pacific drives the demand for aquafeed. The region has a significant share in global aquaculture production, and as the industry grows, there is a greater need for high-quality and sustainable aquafeed, which is anticipated to drive the aquafeed market in the region.
Break-up of Primaries:
By Company Type: Tier1-30%, Tier 2-30%, Tier 3- 40%
By Designation: CXOs-31%, Managers – 24%, and Executives- 45%
By Region: North America - 35%, Europe - 30%, Asia Pacific – 20%, South America-10%, RoW – 5%,

Leading players profiled in this report:
• ADM (US)
• Cargill, Incorpoarted (US)
• Ridley Corporation Limited (Australia)
• Nutreco (Netherlands)
• Alltech (US)
• Purina Animal Nutrition (US)
• Adisseo (Belgium)
• Aller Aqua A/S (Denmark)
• Biomin (Austria)
• Biomar (Denmark)
• Norel Animal Nutrition (Spain)
• Avanti Feeds Limited (India)
• De Heus Animal Nutrition B.V (Netherlands)
• Novus International (US)
• Biostadt India Limited (India)
The study includes an in-depth competitive analysis of these key players in the Aquafeed market with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the aquafeed market based on species, additives, form, lifecycle, ingredients and regions. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global aquafeed market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall aquafeed market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Growth in aquaculture industry), restraints (Lack of awareness about modern feeding methods in developing countries), opportunities (Growth in support from governments), and challenges (Growth in environmental and human health concerns) influencing the growth of the aquafeed market.
• Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the aquafeed market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the aquafeed market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aquafeed market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players include ADM (US), Cargill, Incorporated (US), Ridley Corporation Limited (Australia), Nutreco (Netherlands), and Alltech (US. The report also helps stakeholders understand the aquafeed market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。

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