Aquafeed Market Rising Huge Business Growth, Opportunities with COVID-19 Impact Analysis By 2030

Aquafeed Market was valued at US$ 58.03 Bn in 2022 and is expected to reach US$ 93.19 Bn by 2029 at a CAGR of 7% during the forecast period.

Aquafeed Market Rising Huge Business Growth, Opportunities with COVID-19 Impact Analysis By 2030

Aquafeed Market Overview

Maximize Market Research conducted the analysis of the Aquafeed Market, which includes a thorough examination of different regions and the competitive landscape. The report provides valuable insights into the market's current and future potential, helping businesses understand the trends and opportunities in the industry.

Market Values:Aquafeed Market was valued at US$ 58.03 Bn in 2022 and is expected to reach US$ 93.19 Bn by 2029 at a CAGR of 7% during the forecast period.

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Aquafeed Market Report Scope and Research Methodology

The report provides valuable information on their strategies, revenue, partnerships, joint ventures, and more. To estimate the Aquafeed Market size, a bottom-up approach was used, ensuring accurate and reliable data for the report. Primary and secondary data collection methods were utilized to gather information for the Aquafeed Market report. The Aquafeed Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The SWOT analysis was employed to identify the strengths and weaknesses of key players in the Aquafeed industry, while the PESTLE analysis was used to evaluate the potential impact of macroeconomic and microeconomic factors on the Aquafeed industry.

Aquafeed Market Regional Insights

The Aquafeed market is broadly segmented into these regions, which helps in gaining a comprehensive understanding of the market's landscape and dynamics in each geographical area. This analysis provides valuable insights for businesses to make informed decisions and strategize their operations accordingly.

 North America (United States, Canada and Mexico)
 Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
 Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
 Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
 South America (Brazil, Argentina Rest of South America)

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Aquafeed Market Segmentation

by End User


The fish segment, which is based on end users, had the biggest share in 2019 and is predicted to grow at the quickest rate over the next several years. The least expensive and easiest to digest animal protein is fish. Fish feed is in higher demand as a result of the expansion of aquaculture and fish farming. Aquafeed is becoming more and more in demand as a result of the use of artificial environments like aquaponics and the Recirculating Aquaculture System (RAS) to boost fish production and availability for consumption.

by Ingredient

Fish meal
Fish oil

The aquafeed market is anticipated to be dominated by the soybean segment over the forecast period, based on the type of ingredients used. For aquafeed, soybean is a great source of protein because it has 48% high-quality protein. Because of its high nutrient content and abundance of easily absorbed amino acids and xanthophylls, it is widely utilized as a crucial source of protein in the creation of aquafeed.

by Additive

Amino acids
Feed enzymes
Feed Acidifiers

Aquafeed Market Key Players

1. Archer Daniels Midland Company
2. Cargill
3. Alltech
4. Ridley Corporation Ltd.
5. Nutreco N.V
6. Avanti Feeds Ltd.
7. Biostadt India Ltd.
8. Nutriad
9. Aller Aqua A/S
10. BioMar
11. BIOMIN Holding GmbH
12. Norel Animal Nutrition
13. De Heus Animal Nutrition
14. Dibaq a.s

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Key questions answered in the Aquafeed Market are:

  • What is Aquafeed?
  • What was the Aquafeed market size in 2023?
  • What is the growth rate of the Aquafeed Market?
  • Which are the factors expected to drive the Aquafeed market growth?
  • What are the different segments of the Aquafeed Market?
  • What growth strategies are the players considering to increase their presence in Aquafeed?
  • What are the upcoming industry applications and trends for the Aquafeed Market?
  • What major challenges could the Aquafeed Market face in the future? 
  • What segments are covered in the Aquafeed Market?
  • Who are the leading companies and what are their portfolios in Aquafeed Market? 
  • What segments are covered in the Aquafeed Market?
  • Who are the key players in the Aquafeed market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by different segment | 2024−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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