Aquafeed Market size to exceed USD 235bn by 2026

Aquafeed Market size is set to surpass USD 235 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

Aquafeed are essential formulations which deliver complete diet for various aquatic animals such as fish and crustaceans. These are compound meals made up of different ingredients including vegetable proteins, vitamins, minerals and cereal grains. Aquafeed is provided in the form of pellets and enhances the immunity, nutritional benefits and growing performance of aquatic animals which is likely to encourage market demand. These products help in healthy growth of fish & strengthen the immune system against bacterial and fungal infections. Growing industry demand for seafood, stringent market regulations in aquaculture feed manufacturing, and rising awareness on seafood borne diseases should boost market share.

 

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High Omega 3 & protein concentration in mollusks to strengthen market growth

The global aquafeed market demand from mollusks witnessed a consumption of over 8.9 million tons in 2018. Aquafeed products aid in strengthening the immune system of mollusks such as cuttlefish, oysters, and clams and help in boosting resistance against fresh and saltwater diseases. These aquatic creatures require high concentration of protein, and amino acid which is making aquaculture breeders to opt for high quality feed products which is likely to augment market share.
 

Global Aquafeed Market Statistics by Amino Acid, 2015 to 2026, (USD Million)
Aquafeed & Aquaculture Additives Market

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Consumers are adding mollusks in their seafood regimen owing to rising awareness on potential benefits such as high omega 3 concentration, and protein which may aquafeed demand Guts in mollusks contain unique microorganisms in the form of bacteria which are extensively used in medicinal purpose for antibiotic or neurological treatment in humans which is making manufacturers introduce new products in market. Aquafeed breeders are shifting towards amino acid-based feed products to promote healthy growth and avoid cases of common fungal, and bacterial outbreaks in mollusks which may boost market share.
 

Browse key industry insights spread across 280 pages with 326 market data tables and 46 figures & charts from the report, “Aquafeed Market Share By Application (Crustaceans, Mollusks, Carp, Salmon, Catfish, Tilapia), Aquaculture Additives Market Size By Product (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers), Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019-2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aquafeed-and-aquaculture-additives-market
 

Increasing prevalence of seafood borne diseases may accelerate antibiotic aquafeed industry demand

Rising cases of seafood borne diseases in aquafeed industry owing to increasing cases of viral infections is encouraging the use of antibacterial aquafeed which is likely to boost market outlook. These products help in increasing immunity levels to fight pathogens transmitted through water and reduces the risk of skin infections and tumors which may boost the market size.
 

Stringent regulation in feed manufacturing industry, and rising awareness towards the importance of high-quality feed products is increasing demand for antibiotic aquafeed. Antibiotics promote overall growth, provides better health in crowded conditions, maximizes productivity, efficiency and reduces the risk of viral outbreaks which should stimulate aquafeed product demand.
 

Rising market demand for seafood preparations and fish oil in North America to stimulate demand

North America aquafeed market outlook should surpass USD 22.5 million by 2026. Changing consumer outlook on high quality seafood and rising market demand for processed fish oil derived from exotic fish species in encouraging the use of aquafeed products. It is widely used to breed species which are difficult to fish and have high gestation periods which is encouraging the use of vitamin enriched feed in market. U.S. processed fish and seafood market size surpassed USD 8.5 billion in 2019 owing to rising preference for balanced diets and inclination for low fat & protein enriched white meat, which should accelerate U.S. product demand.
 

Various market players are developing insect protein-based formulations to expand product portfolio and increase geographical presence which is likely to boost market demand. The primary participants are Alltech, ADM, Cargill, Norel Animal Nutrition, DSM, Archer Daniels Midland (ADM), ADDCON, Biomin Holding GmbH, and Novus International.
 

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