Recent Developments

Aquafeeds are compounded meals made for aquatic animals by mixing different raw materials &additives. These blends are prepared based on the precise requisite of the species and the age of the animal.

Rising raw material costs, strict environmental rules about fishing is hampering the market growth.

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Market Overview

Market Data Forecast published a report named as Commercial Aqua Feed Market. The global aqua feed market prolonged a volume of more than 44 Million Tons in 2019. The demand has further augmented to exceed 82 Million Tons by 2024, increasing at a CAGR of 11% during 2019-2024.

Report segmented as:

By End User:

Fish
Molluscs
Crustaceans
By Ingredient:

Soybean
Corn
Fish Meal
Fish Oil
Additives
The rise in the mass construction of fish and limited availability of marine feed resources are some of the aspects, which have been multiplying the development of the global Commercial aqua feed market.

Geographical Segmentation:

Based on geography, the market divided under many countries like North America, Latin America, Asia-Pacific, the Middle East, and Africa and Europe. North America has the largest market for Commercial Aqua Feed Market.

Key market players

Aller Aqua A/S
Nutreco N.V
DE Heus Animal Nutrition
Archer Daniels Midland Company
Purina Animal Nutrition (Land O’ Lakes Inc.)
Biomin Holding GmbH
Avanti Feeds Limited
Cargill
Ridley Corporation Limited
Biostadt India Limited
Norel Animal Nutrition
Dibaq A.S
Alltech
Biomar
Nutriad
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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

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