According to a new market report published by Lucintel, the future of the aquafeed market looks promising with opportunities in the aquaculture industry. The global aquafeed market is expected to grow with a CAGR of 3% - 5% from 2020 to 2025. The major drivers for this market are rising demand for seafood, rising population, and development in production techniques.
Aquafeeds are compounded meals prepared for aquatic animals by mixing various raw materials and additives. In this market, fish meal, fish oil, soybean meal, corn meal, and vegetables are the major ingredients used for manufacturing of aquafeed. Lucintel forecasts that soyabean meal based aquafeed will remain the largest segment over the forecast period as it is a rich source of protein and cheaper as compared to fish meal.
Within this market, aquafeed for fish will remain the largest segment by species type over the forecast period due to increasing demand for protein rich healthy food products and rising income level.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to rising disposable incomes, rising aquaculture production, and various government initiatives to increase production of certified sustainable seafood is further accelerating the requirement of aquafeed in the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of soy protein growing adoption of nutritious-system feeding concept and introduction of advanced process technologies for micro feed production. Nutreco, Cargill, BioMar Group, Archer Daniel Midland Company, and Alltech are among the major suppliers in the global aquafeed market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aquafeed market by product form, ingredient, species, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Aquafeed Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global aquafeed market by product form, ingredient, species, and region as follows:
By Product Form [Value ($ Million) and Volume (Thousand Tons) shipment analysis for 2014 – 2025]:
• Pellet Form
• Extruded Form
• Powdered Form
• Liquid Form
By Ingredient [Value ($ Million) shipment analysis for 2014 – 2025]:
• Fish Meal
• Fish Oil
• Soybean Meal
• Corn Meal
• Vegetable Oil
• Sources of Carbohydrates and Binders
• Additives
– Vitamins
– Antibiotics
– Antioxidants
– Amino Acids
– Feed Enzymes
– Feed Acidifiers
– Others
• Others
By Species [Value ($ Million) shipment analysis for 2014 – 2025]:
• Fish
• Crustaceans
• Mollusks
By Region [Value ($ Million) and Volume (Thousand Tons) shipment analysis for 2014 – 2025]:
• North America
– United States
– Canada
– Mexico
• Europe
– Norway
– Spain
– Germany
– France
• Asia Pacific
– China
– India
– Vietnam
– Indonesia
• The Rest of the World
– Chile
– Brazil

This 242-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected]. Lucintel offerings include chemical market research reports, chemical industry analysis report, capital investment analysis, due diligence and strategic growth consulting.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global aquafeed market by product form (pellete, extruded, powdered, and liquid form), ingredient (soybean meal, fish meal, fish oil, corn meal, vegetable oil, source of carbohydrates and binders, additives (vitamins, antibiotics, antioxidants, amino acids, feed enzymes, feed acidifiers, and others), and others), species (fish, crustaceans, and mollusks) and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this market?