Global Aquafeed Market Size By End-use (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, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI495  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 290   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Increasing preference of aquaculture farmers towards plant-based aquafeed products to promote the market growth

Global Aquafeed Market size exceeded USD 85 billion in 2019 and is estimated to achieve over 4.1% CAGR between 2020 and 2026. The nutritional and growth promoting properties of aquafeed are expected to boost the industry outlook.
 

Global Aquafeed Market
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Increasing consumer awareness regarding health and rising occurrence of diseases such as diabetes, blood pressure, heart problems and obesity among the population is driving consumer attention towards the consumption of protein-rich diet, thus promoting the growth of the market. The increasing awareness regarding the importance of omega-3 in daily diet is expected to foster market trends.
 

Increasing demand for food dishes made from raw fish such as sushi are likely to further raise product demand. Improved dietary benefits such as improved feed palatability, nutrient intake, and improved digestion and absorption of addition of fish meal to animal nutrition are likely to aid in industry share.
 

The remarkable properties of aquafeed such as enhancing protein content, uniform distribution of components and healthy growth of aqua cultural species are expected to escalate product demand. Besides, aquafeed reduce the probability of infections in various species and make the food dishes more edible propelling growth of the aquafeed market. Increasing spread of food borne diseases caused due to consumption of contaminated seafood is one of the primary reasons for the high rate of adoption of aquafeed among fishery owners.
 

However, fluctuations in anchoveta catches owing to El Nino phenomenon owing to the occurrence of El Nino phenomenon and other environmental changes may have a slightly negative impact on the aquaculture industry. Moreover, the implementation of stringent rules imposing restrictions on fishing activities are expected to decline the demand of the market to some extent. Fluctuations in fish meal prices may further impact the market size.
 

Global Aquafeed Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 85.105 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Pages: 290 Tables, Charts & Figures: 382
Geographies covered (5): North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Segments covered: End-use and Product
Companies covered (23): Alltech Inc., Norel Animal Nutrition, Archer Daniels Midland (ADM), BioMar A/S, Nutriad International, BASF SE, Aller Aqua A/S, ADDCON, Novus International, Dibaq A.S., Alicorp, Growel Feeds, Ridley Corporation, Biomin Holding Gmbh, Avanti Feeds Ltd., DSM, Evonik Industries, , Beneo Ingredients GmbH, Purina Animal Nutrition LLC, Cargill, Inc., NK Ingredients Pte. Ltd., De Heus Animal Nutrition, Skretting
Growth Drivers:
  • Asia Pacific:
    • Increased fish consumption
    • Aquaculture industry expansion
  • South America:
    • Growing fish meal production in Peru
  • Nordic region:
    • Increase in fish farming trends
Pitfalls & Challenges:
  • Restrictions on fish catches affecting fish meal production

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Health benefits such as improved immune system and reduced risk of viral and bacterial infections to promote the use of amino acids as aquaculture additives

Aquaculture Additives Market

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The aquaculture additives market is segmented by product into amino acids, vitamins, antibiotics, feed acidifiers and others. Amino acids segment held a dominant share in the market in 2019 with a market value of USD 355 million and is expected to grow at over 5.3% CAGR over the review period.
 

This high market share of amino acids can be attributed to its high level of compatibility with different fish species and the advantages such as high protein content and improved immune system against different types of infections and water-borne diseases offered by amino acid based aquaculture additives.
 

Besides, few amino acid additives such as leucine and lysine improve outer body strength and aids in healthy flesh growth in fishes, raising the product demand. The demand for amino acid proteins from aquatic species including fish and prawns is expected to rise owing to their inability to break down proteins into amino acids such as threonine, tryptophan, methionine, lysine, valine, phenylalanine and arginine.
 

Plant-based sources of amino acids in aquafeed such as soy and pea are likely to gain traction in the coming years owing to their high nutrition content and ease of digestion as compared to their animal-based counterparts.
 

Eurythermic nature of carps along with its high adaptability to diverse climatic conditions to ramp-up the growth of aquafeed and aquaculture additives market

Aquafeed Market

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The aquafeed market by end-use is segregated into crustaceans, molluscs, carps, salmon, catfish, tilapia and others. The use of aquafeed for carps is increasing since the past few years, This is mainly ascribed by the eurythermic nature of carps which enables them to tolerate a wide range of temperatures from 0.5-38 degrees Celsius and facilitates its breeding in a number of water bodies including stagnant water ponds, irrigation reservoirs, cages, tanks and running water ponds and recirculatory systems, among others.
 

Moreover, the high protein, low fat and high omega-3 fatty acids is expected to augment market statistics. Carps have an excellent adaptability to a diverse range of environmental conditions, which facilitates its breeding in different regions across the world. The carps segment is expected to grow at a CAGR of 4.4% over the assessment period.
 

Rising demand for processed food coupled with increased cultivation of different aquatic species to foster growth of aquaculture additives market in Europe

Aquaculture additives market in Europe is expected to witness an upsurge owing to an increase in the breeding of different species of aquatic species including rainbow trout, Atlantic salmon, seabass and sea breams, among others. The increased aquatic farming in countries such as Norway, Greece, Scotland and Spain are expected to boost the market trends.
 

Changing consumer preferences towards the consumption of processed food and shifting dietary patterns in the region is expected to propel the aquafeed market demand. Increasing efforts by the European Union to promote the growth of aquatic farming in the region such as passing the regulation for permitting the use of proteins derived from insects with aquafeed may drive the growth of the market in the region. The Aquaculture Additives Market in Europe is expected to reach USD 285 million by 2026 growing at a CAGR of 4.8%.
 

Europe Aquaculture Additives Market

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Growth strategies such as acquisition and new product development among industry participants to add to the market competition

Key players operating in the aquafeed market are Alltech Inc., Norel Animal Nutrition, Archer Daniels Midland (ADM), BioMar A/S, Nutriad International, BASF SE, Aller Aqua A/S, ADDCON, Novus International, Dibaq A.S., Alicorp, Growel Feeds, Ridley Corporation, Biomin Holding Gmbh, Avanti Feeds Ltd., DSM, Evonik Industries, , Beneo Ingredients GmbH, Purina Animal Nutrition LLC, Cargill, Inc., NK Ingredients Pte. Ltd., De Heus Animal Nutrition, Skretting.
 

Key players are engaged in acquisitions, joint venture and agreements to expand their existing product portfolio and extend their client reach further. Besides, players are also investing heavily in research and development to sustain the increasing competition in the aquafeed and aquaculture additives market.
 

In March 2017, Evonik and DSM establish a joint venture for omega 3 fatty acids from natural marine algae for animal nutrition. This joint venture would enable the company to produce omega-3 fatty acids without the use of fish oil for animal nutrition.
 

In August 2018, global food & feed ingredients supplier Archer Daniels Midland (ADM) completed the acquisition of Probiotics International Limited, a UK-based manufacturer of natural, innovative probiotic supplements. This acquisition would allow ADM to expand its health & wellness offering in the animal and human nutrition industry.
 

The Global Aquafeed and Aquaculture Additives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:

Aquafeed Market, By End-use

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

Aquaculture Additives Market, By Product

  • Amino Acids
  • Antibiotics
  • Vitamins
  • Feed Acidifiers
  • Others

The above information has been provided for the following 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
    • Brazil
    • Argentina
    • Peru
    • Chile
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

In 2019, the global aquafeed industry revenue surpassed USD 85 billion and is projected to grow at a CAGR of over 4.1% through 2026.
The amino acid segment accounted for over USD 355 million in 2019 and is estimated to grow at 5.3% CAGR through 2026 owing to its benefits like high protein content and its ability improve immune system against various infections and water-borne diseases.
The carps aquafeed industry segment is anticipated to grow at a CAGR of 4.4% through 2026 due to its adaptability to a broad range of environmental conditions, which enables breeding in various regions across the globe.
The European aquaculture additives industry share is projected to reach USD 285 million by 2026 while growing at 4.8% CAGR due to an increase in the breeding of various aquatic species, growing aquatic farming and changing consumer preferences.

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Premium Report Details

  • Published Date: Oct 2020
  • Pages: 290
  • Tables: 334
  • Charts / Figures: 48
  • Companies covered: 23
  • Countries covered: 5

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