According to a market report by Lucintel, the future of the global shrimp feed market looks promising with opportunities in the vitamin and protein, fatty acid, antioxidant, feed enzyme, and antibiotic markets. The global shrimp feed market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing shrimp consumption worldwide, growing aquaculture operations, and the creation of specialized and nutritionally improved feed varieties to maximize aquaculture industry production efficiency.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in shrimp feed market to 2030 by type (grower, finisher, and starter), ingredients (soybean meal, fish meal, wheat flour, fish oil, and others), additive (vitamins and proteins, fatty acids, antioxidants, feed enzymes, antibiotics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, grower, finisher, and starter are the major segments of shrimp feed market by type. Lucintel forecasts that grower will remain the largest segment over the forecast period due to indispensable role it fulfills within the shrimp production cycle.
Within this market, vitamin and protein will remain the largest segment due to essential function in fulfilling the nutritional requirements of shrimp.
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APAC will remain the largest region over the forecast period due to region's significant contribution to global aquaculture, particularly in the realm of shrimp farming, rising disposable income, and advancements in shrimp farming techniques.
Charoen Pokphand Group Company, Cargill, Nutreco, BioMar Group, and Guangdong Yuehai Feeds Group are the major suppliers in the shrimp feed market.
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 write us at [email protected]