Aquafeed Market  Industry Outlook, Size, Growth Factors and Forecast 2029

Posted January 6, 2023 by SANDHYARANI

Recirculating Aquaculture System (RAS) and Aquaponics to increase fish production and its availability for consumption is generating the demand for aquafeed.
Aquafeed Market is expected to be 35% during the forecast period and the market size is expected to reach nearly US$ 44.13 Bn by 2027.

Aquafeed Market Overview:

For the global industry’s Aquafeed market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.

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Market Scope:

Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.

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Based on the end-user, the fish segment held the largest share in 2019 and is estimated to show the fastest growth rate during the forecast period. Fish is the low-cost and most easily digestible animal protein. The rise in fish farming activities and aquaculture has led to increased demand for fish feed. Additionally, the adoption of artificial settings like Recirculating Aquaculture System (RAS) and Aquaponics to increase fish production and its availability for consumption is generating the demand for aquafeed.

Key Players:

• Archer Daniels Midland Company
• Cargill
• Alltech
• Ridley Corporation Ltd.
• Nutreco N.V
• Avanti Feeds Ltd.
• Biostadt India Ltd.
• Nutriad
• Aller Aqua A/S

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Regional Analysis:

A country-level study of the Aquafeed Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Aquafeed Market study.

COVID-19 Impact Analysis on Aquafeed Market:

The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.

Key Questions Answered in the Aquafeed Market Report are:

Which are the major players in the Aquafeed market?
What key trends are likely to emerge in the Aquafeed market in the coming years?
What will be the Aquafeed market size by 2027?
Which company held the largest share in the Aquafeed market?
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Issued By sandhayrani
Country India
Categories Marketing , Media , Research
Tags aquafeed market
Last Updated January 6, 2023