Aquafeed Market Size By Application (Crustaceans, Mollusks, Carp, Salmon, Catfish, Tilapia), Aquaculture Additives Market Size By Product (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026

Rising awareness on benefits of Omega 3 enriched seafood diet may drive aqua feed demand

Aquafeed Market size was at over USD 100.5 billion globally in 2018 and is estimated to grow over 11.9% CAGR between 2019 and 2026.
 

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Aquafeed are fish feed products made from vegetarian and non-vegetarian sources including soy, wheat, pea, corn, rapeseed protein and fish oils. Aquafeed are added in trace amounts to enhance omega 3 and protein concentration, support easy ingredient dispersion, and assist in healthy growth of fish and crustaceans species. They aid in preventing viral outbreaks of common bacterial & fungal diseases such as fin rot, fish dropsy, ammonia poisoning, and dropsy which is likely to stimulate market growth.
 

Rising demand for exotic, protein & omega 3 enriched fish species such as salmon & carp and increasing demand for raw fish delicacies including sushi & sashimi is making breeders to opt for aquafeed products which is augmenting market demand. These products are rich in Omega 3, amino acids and natural proteins which aid in healthy development of fish, reduce the risk of bacterial & fungal infections, and makes the fish more palatable by proving a sweet aftertaste thereby encouraging aquafeed use.
 

Rising concerns for cross contamination & sea food borne diseases such as listeria, vibrio, and salmonella is making breeders opt for feed acidifiers and natural vitamin additives is likely to trigger market share. Concentration of omega 3 prevents the growth of fungal infections on fin, removes impurities from fish gut, improves circulation rate, and reduces the risk of contamination from water borne pathogens, bacteria, and microbes which may boost market trends.
 

EU regulation 2017/893 permits the use of insect protein derived from black soldier fly, yellow worm, house cricket, and common housefly to be used in manufacturing aquafeed. These products should be added as a suppository to enhance nutritional profile along with ingredients such as vegetable origin materials, fishmeal, blood products from non-ruminants, and fish eggs which is making manufacturers to introduce new products in market.
 

Stringent fishing regulations and increasing demand for crustaceans will increase aquafeed demand 

The market is segmented by application into salmon, crustaceans, catfish, tilapia, carp, and mollusks. Amino acid based feed is given to lobsters & crabs to supplement their growth and increase reproduction rates as they have long gestation periods which is likely to boost market growth. Amino acid based feed also strengthens the immune system, reduces the risk of pink crab disease, fungal and parasitic infections which should accelerate market demand.
 

Stringent market regulations in sea water fishing, and government initiatives to preserve species of crabs, oysters, and prawns is making aquaculture breeders to farm crustacean species in captivity. They take time to grow & develop, and antibiotic & vitamin induced aquaculture feeds help in healthy growth and reduce the risk of bacterial outbreak by contaminated water which may augment product share.
 

Aquaculture feed increases the life span of crustacean species by strengthening the immune system against viral infections contracted by other fish species and aiding in nutrient retention which is making companies to introduce antibiotic feed into market. Natural feed products made from shrimp and soy also help in reducing pollution from wastewater effluent by providing greater nutrient digestibility thus reducing the risk of water borne diseases which should stimulate aquafeed industry growth.
 

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Amino acid based aquafeed to retain dominant aquafeed market share

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Aquafeed industry is bifurcated on the basis of product into amino acids, antibiotics, feed acidifiers, and vitamins. Amino acid based feed products are compatible with various varieties of carnivorous and herbivorous fish species as they can made from grains, soy, shrimp, and fish oils. Amino acid based feeds aid in meeting dietary protein requirements which helps in steady growth and reduces the risk of fin and gill infections which is encouraging the use in rearing and farming exotic fish market.
 

Proteins are essential ingredients in aquaculture market for healthy and high growth rate of fish. Lobsters, prawns, and shellfish are incapable of synthesizing complex proteins into amino acids including phenylalanine, tryptophan, threonine, tryptophan, valine, lysine, and methionine. Market players are adding sources of protein to aquafeed which enhances health and growth rates which should stimulate market growth.
 

Amino acid based aquafeed strengthen the immune system against water borne contaminants and reduces the risk of viral outbreak in various catfish and tilapia species. Leucine & lysine amino acid-based feeds play an important role in aquaculture industry outlook as it helps in healthy flesh formation, improves exoskeleton strength, and inhibits the growth on internal rot & tumors under fish skin which may augment product growth.
 

Europe to provide lucrative growth opportunities for aquafeed market demand

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Europe aquafeed market size should register over 11% gains by 2026. Europe aquaculture industry is dependent on complex commercial aquafeed as exotic fish species such as rainbow trout, atlantic salmon, and seabass are most commonly farmed. Countries such as Norway, Denmark, UK, France and Spain are major producers of these species and drives the regional aquafeed demand.
 

Increasing demand for processed and fast food, rising disposable income, and change in consumer preference towards seafood should propel regional demand thereby boosting market size.  Recent regulation by EU approving the use of insect based protein along with stringent safety and hygiene standards should drive market demand.
 

Production capacity expansion among industry participants to enhance market competitiveness

Global market share is moderately fragmented due to presence of various industrial participants such as Biomar, Alltech, Addcon, Aller Aqua, Ridley, Dibaq Aquaculture, Cargill,  Biomin, Midland, BASF SE, Skretting, DSM, Evonik, and InVivo NSA. It  may witness consolidation in the form of mergers & acquisitions and joint ventures which may strengthen product portfolio and increase the regional presence.
 

In May 2017, Cargill in Vietnam opened aquaculture line in Ha Nam marking its tenth production line having a capacity of 3,000 MT/month which focused on high quality extruded feed for Tilapia and other local species. The new production line will help Cargill improve its customer service and meet growing demand in Asia Pacific region.
 

In March 2017, ADM decided to expand its animal nutrition production in China by constructing a new premix-feed facility in region of Xiangtan and aquafeed production line at its existing Nanjing complex. This will help ADM in sourcing Asian fish species and provide more customized products to meet growing demand in Asia Pacific region.
 

The aquafeed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD from 2015 to 2026 for the following segments:

By Application

• Crustaceans
• Mollusks
• Carp
• Salmon
• Catfish
• Tilapia

By Product

• Amino Acids
• Antibiotics
• Vitamins
• Feed Acidifiers

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Norway
  • Poland
  • Netherlands
  • Denmark
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Vietnam
  • Indonesia
  • Malaysia
  • Thailand
• Latin America (LATAM)
  • Brazil
  • Argentina
  • Peru
  • Chile
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa