Aquafeed Market by Additives, Ingredients, Form, Lifecycle, End User, Application

List of Tables

The Aquafeed Market was valued at USD 65.41 billion in 2023, expected to reach USD 70.04 billion in 2024, and is projected to grow at a CAGR of 7.67%, to USD 109.78 billion by 2030.

The scope of the aquafeed market encompasses the production and development of nutritional feeds designed specifically for aquatic species in aquaculture, aiming to enhance growth, health, and sustainable production of edible fish and shellfish. Defined broadly, aquafeed includes a variety of formulations catering to different species' dietary needs, such as fish, shrimp, and mollusks. The necessity for aquafeed stems primarily from the increasing demand for seafood due to rising health consciousness, population growth, and the depletion of wild fish stocks. Consequently, aquafeed finds its applications across various aquaculture industries functioning as the backbone of efficiency and sustainability in fish farming. Key end-use sectors include fish farming, shrimp farming, and mollusk cultivation, whereby optimized feeding regimens are crucial.

KEY MARKET STATISTICS
Base Year [2023]	USD 65.41 billion
Estimated Year [2024]	USD 70.04 billion
Forecast Year [2030]	USD 109.78 billion
CAGR (%)	7.67%

Market insights point to several growth factors, with technological advancements in feed formulations - such as the development of nutritionally balanced, species-specific, and environmentally friendly feeds - driving the aquafeed market. Increased investment in aquaculture infrastructures, paired with supportive government policies promoting sustainable practices, further fuel growth. A potential opportunity lies in catering to the increasing trend towards alternative proteins in aquafeed, such as microalgae, insect protein, and plant-based sources, which promise efficiency while reducing ecological footprints. However, the market is challenged by factors such as fluctuating raw material costs, supply chain complexities, and stringent environmental regulations which can hamper growth.

Innovation and research could explore the development of aquafeed utilizing waste-to-feed biotechnologies, ensuring nutrient recycling, and optimizing feed conversion ratios. Leveraging big data analytics and IoT to optimize feeding practices also presents an avenue for business growth, potentially reducing costs and enhancing productivity. The aquafeed market retains a dynamic nature, marked by ongoing R&D and competitive differentiation. Maintaining a focus on sustainable practices and technology integration will be crucial for stakeholders seeking to leverage market potentials and mitigate limitations effectively.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Aquafeed Market

The Aquafeed Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising global demand for seafood for efficient aquafeed solutions
- Innovations and product development to enhance the nutritional profile of aquafeed
- Increasing demand for sustainable and eco-friendly ingredients such as plant-based proteins and insect meals
Market Restraints
- Environmental Concerns in overfishing and the unsustainable sourcing of marine ingredients
Market Opportunities
- Technological Advancements in feeding technology, such as automated and precision feeding systems
- Enhancing feed formulations with probiotics, prebiotics, or immunostimulants to improve the health and disease resistance of aquaculture species
Market Challenges
- Stringent environmental regulations aimed at sustainable fishing practices

Porter's Five Forces: A Strategic Tool for Navigating the Aquafeed Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Aquafeed Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Aquafeed Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Aquafeed Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Aquafeed Market

A detailed market share analysis in the Aquafeed Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Aquafeed Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Aquafeed Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Aquafeed Market

A strategic analysis of the Aquafeed Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Aquafeed Market, highlighting leading vendors and their innovative profiles. These include Aller Aqua A/S, Archer Daniels Midland Company, Avanti Feeds Limited, BENEO, Bern Aqua NV, BioMar Group, Biomin by Koninklijke DSM N.V., Biostadt India Limited, Cargill, Inc., Charoen Pokphand Foods PLC, Charoen Pokphand Group, China National Bluestar Group, Darling Ingredients Inc., Erber Group by Erber Group, Godrej Agrovet Limited, Growel Feeds Pvt. Ltd., Higashimaru Co., Ltd., Kemin Industries, Inc., Novus International, Inc., Purina Animal Nutrition LLC, Skretting, The Scoular Company, Uni-President Enterprises Corporation, Wilbur-Ellis Company, and Zeigler Bros., Inc..

Market Segmentation & Coverage

This research report categorizes the Aquafeed Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Additives, market is studied across Amino Acids, Anti-parasitic, Antibiotics, Antioxidants, Feed Acidifiers, Feed Enzymes, Probiotics & Prebiotics, and Vitamins & Minerals.
Based on Ingredients, market is studied across Additives, Corn, Fish Meal, Fish Oil, and Soybean.
Based on Form, market is studied across Dry, Moist, and Wet.
Based on Lifecycle, market is studied across Brooder Feed, Finisher Feed, Grower Feed, and Starter Feed.
Based on End User, market is studied across Crustaceans, Fish, and Mollusks. The Crustaceans is further studied across Crab, Krills, and Shrimps. The Fish is further studied across Carp, Salmon, Tilapia, and Trout. The Mollusks is further studied across Mussels and Oysters.
Based on Application, market is studied across Growth Promoters, Immunity Support, Nutritional Support, and Texture & Palatability.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-43539E5D2F96

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising global demand for seafood for efficient aquafeed solutions

5.1.1.2. Innovations and product development to enhance the nutritional profile of aquafeed

5.1.1.3. Increasing demand for sustainable and eco-friendly ingredients such as plant-based proteins and insect meals

5.1.2. Restraints
- 5.1.2.1. Environmental Concerns in overfishing and the unsustainable sourcing of marine ingredients

5.1.3. Opportunities
- 5.1.3.1. Technological Advancements in feeding technology, such as automated and precision feeding systems

5.1.3.2. Enhancing feed formulations with probiotics, prebiotics, or immunostimulants to improve the health and disease resistance of aquaculture species

5.1.4. Challenges
- 5.1.4.1. Stringent environmental regulations aimed at sustainable fishing practices

5.2. Market Segmentation Analysis
- 5.2.1. Additives: Growing usage of amino acids in additives for protein synthesis

5.2.2. Application :Significant usage of additives in immune systems application for health management plans

5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Aquafeed Market, by Additives

6.1. Introduction
6.2. Amino Acids
6.3. Anti-parasitic
6.4. Antibiotics
6.5. Antioxidants
6.6. Feed Acidifiers
6.7. Feed Enzymes
6.8. Probiotics & Prebiotics
6.9. Vitamins & Minerals

7. Aquafeed Market, by Ingredients

7.1. Introduction
7.2. Additives
7.3. Corn
7.4. Fish Meal
7.5. Fish Oil
7.6. Soybean

8. Aquafeed Market, by Form

8.1. Introduction
8.2. Dry
8.3. Moist
8.4. Wet

9. Aquafeed Market, by Lifecycle

9.1. Introduction
9.2. Brooder Feed
9.3. Finisher Feed
9.4. Grower Feed
9.5. Starter Feed

10. Aquafeed Market, by End User

10.1. Introduction
10.2. Crustaceans
- 10.2.1. Crab
- 10.2.2. Krills
- 10.2.3. Shrimps
10.3. Fish
- 10.3.1. Carp
- 10.3.2. Salmon
- 10.3.3. Tilapia
- 10.3.4. Trout
10.4. Mollusks
- 10.4.1. Mussels
- 10.4.2. Oysters

11. Aquafeed Market, by Application

11.1. Introduction
11.2. Growth Promoters
11.3. Immunity Support
11.4. Nutritional Support
11.5. Texture & Palatability

12. Americas Aquafeed Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Aquafeed Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Aquafeed Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Guangdong Yuehai Feed Group to acquire 51% stake in Thailand's I&V Bio Asia for USD 25.5 million to enhance global market reach and feed quality
- 15.3.2. Skretting introduces AmiNova, a revolutionary aquafeed concept for salmon and trout that enhances sustainability and nutrient retention, set to debut in Chile Q3 2024
- 15.3.3. ADB provides USD 16M debt facility and grant to ABIS Exports for micro-aquafeed plant and farmer training in India, aiming to improve efficiency and sustainability
15.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Aller Aqua A/S
2. Archer Daniels Midland Company
3. Avanti Feeds Limited
4. BENEO
5. Bern Aqua NV
6. BioMar Group
7. Biomin by Koninklijke DSM N.V.
8. Biostadt India Limited
9. Cargill, Inc.
10. Charoen Pokphand Foods PLC
11. Charoen Pokphand Group
12. China National Bluestar Group
13. Darling Ingredients Inc.
14. Erber Group by Erber Group
15. Godrej Agrovet Limited
16. Growel Feeds Pvt. Ltd.
17. Higashimaru Co., Ltd.
18. Kemin Industries, Inc.
19. Novus International, Inc.
20. Purina Animal Nutrition LLC
21. Skretting
22. The Scoular Company
23. Uni-President Enterprises Corporation
24. Wilbur-Ellis Company
25. Zeigler Bros., Inc.