Global Warm Water Aquaculture Feed Market - 2023-2030

Overview

Global Warm Water Aquaculture Feed Market reached US$ 4.41 billion in 2022 and is expected to reach US$ 5.96 billion by 2030, growing with a CAGR of 3.85% during the forecast period 2023-2030.

The global warm-water aquaculture feed market has witnessed significant growth, as aquaculture farmers are highly adopting special feed in fish diets as they provide all the essential nutrients in balanced amounts, which also helps in improving feed efficiency and enhances the growth rate. Hence, such factors can help in driving the global warm water aquaculture feed market.

Furthermore, as the demand is increasing in the aqua industry, many manufacturing companies are launching innovative products to attract larger consumers. For instance, in May 2023, Aller Aqua and VDS companies launched a range of feed products that are specifically designed for use in shrimp RAS farms. The new feed products provide rapid feed availability and high feed performance. Hence, such products can help in increasing the adoption rate.

The grower feed segment accounts for over half of the market share. As well as Asia-Pacific dominates the warm water aquaculture feed market, capturing the maximum market share, as the consumption rate is high in this region, it remains the largest consumer of warm water aquaculture feed market.

Dynamics

Increase in the Consumption and Production of Fishes

The demand for the consumption and production of fish are increasing, For instance, according to the FAO report of World Fisheries and Aquaculture 2022, The total aquaculture production comprised 87.5 million tonnes of aquatic animals mostly for use as human food, the production has increased 2.7% in 2020 then compare to 2019, In 2020, farmed finfish reached 57.5 million tonnes, including 49.1 million tonnes from inland aquaculture and 8.3 million tonnes from mariculture.

Furthermore, as the demand for aquaculture is increasing among consumers, many farmers are highly adopting these special feeds, as they are designed to provide all the essential nutrients in a balanced amount, which helps in increasing the quality and productivity of fish. Hence, such factors can help in increasing the market growth.

Increase in Demand for Effective Nutritive Aquafeeds

The demand for effective nutritive aquafeed among farmers significantly helps to increase the demand for warm water aquaculture feeds, as these feeds are designed and formulated to meet the specific nutritive requirements of various warm water aquatic species, which helps in increasing growth and overall performance. Hence, such factors can help in increasing the market growth.

Furthermore, many manufacturing compoanies are highly investing on these special feeds, in order to expand the market. For instance, in March 2021, the Virbac opened its first R&D center dedicated to warm water aquaculture in the Dong Nai province in Vietnam. With this new center, the company aims to continue to invest in order to offer new solutions for more sustainable aquaculture. Hence, it can help in increasing the market growth.

High Product cost

High product costs can significantly affect the growth of the global warm-water aquaculture market, some farmers might be price-sensitive, and they may opt for cheaper alternatives, this can affect the adoption rate of these special feeds in the aquaculture industry, hence, it can cause declination in market growth.

Segment Analysis

The global warm water aquaculture feed market is segmented based on water type, species, feed type, distribution channel, nature, and region.

Increase in Demand for Nutritive Aquafeeds

The grower feed holds the maximum share in the global warm water aquaculture feed market, farmers are adopting this feed as they formulated to provide the right balance of essential nutrients, including protein, energy, vitamins, and minerals, they help promote health growth of development in young ones, which can help in enhancing the productivity. Hence, such factors can help increase the market growth.

Furthermore, many manufacturing companies are producing innovative high quality products in order to expand their market sizes. For instance, Aller Aqua Group company produces PowerRAS, which provides Nutrient digestibility and palatability that are readily available for fish metabolism and growth. Hence, such products can help in increasing the adoption rate.

Geographical Penetration

High Consumption Rate and Government Initiatives

The Asia-Pacific region has remained the dominant force in the global warm water aquaculture feed market, as the demand for fish is increasing, aquaculture industries in this region are highly adopting these special feeds in various aquaculture diets, as they provide all the essential nutrients, which helps in increasing the quality and productivity of aquaculture. Hence, it can help in increasing the market in this region.

Additionally, as the demand for aquaculture is increasing in this region, the government has provided some schemes. For instance, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India implemented a Pradhan Mantri Matsya Sampada Yojana, this scheme target is to increase fish production to 22 million metric tons by 2024-25 from 13.75 million metric tons in 2018-19. And also brings about ecologically healthy, economically viable, and socially inclusive development of the Fisheries sector of India.

Furthermore, the consumption of aquaculture is high in this region, for instance, according to the Department of Agriculture, Fisheries and Forestry report of 2021, the total consumption of seafood in Australia was 356Kt in 2020-21. Hence, such a high consumption rate can help in increasing the usage of these feeds in the aqua industry in this region.

Competitive Landscape

The major global players in the market include Novozymes, Avanti Feeds Limited, Aller Aqua Group, Alltech, DSM-Firmenich, Charoen Pokphand Foods PCL, BENEO, Cargill, Incorporated, BioMar SAS, and Kemin Industries, Inc.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, many manufacturing companies were shut down during the COVID-19, due to government lockdown restrictions, which led to a decrease in the availability of products in the market, which has shown a negative impact on global warm water aquaculture feed market.

By Water Type

• Freshwater
• Saltwater

By Species

• Carps
• Catfish
• Barramundi
• Pike Perch
• Tilapia
• Sturgeon
• Yellow Tail Kingfish
• Milk Fish
• Chinese Fed Carps
• Others

By Feed Type

• Starters
• Grower Feed
• Fry Feed
• Functional Feed
• Brood stock Feed
• Others

By Distribution Channel

• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Nature

• Conventional
• Organic

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In February 2023, Alltech and Finnforel acquired the Raisioaqua fish feed production, The acquisition will complete Finnforel's sustainable circular-economy fish-farming chain while also enhancing aquaculture producers' access to Alltech's nutritional technologies.
• In May 2020, Cargill expanded its aquaculture offer with the purchase of Norwegian fish-feed producer EWOS.

Why Purchase the Report?

• To visualize the global warm water aquaculture feed market segmentation based on water type, species, feed type, distribution channel, nature, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of warm water aquaculture feed market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global warm water aquaculture feed market report would provide approximately 77 tables, 86 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies