Aquaculture Feed Market Size, Demand, Growth Analysis, Share, Revenue and Forecast 2026
The global aquaculture feed market is anticipated to gain impetus from the increasing prevalence of nutritional deficiencies in aquatic animals. Fortune Business Insights™ published this information in an upcoming report, titled, “Aquaculture Feed Market Size, Share and Global By Type (Fish Feed, Mollusks Feed, Crustaceans Feed, Others Aqua Feed), By Form (Liquid, Pellet, Powder, Extruded, Others), and Geography Forecast till 2026.” The report further states that the major companies operating in the market are persistently launching new products. Coupled with this, high demand for aquatic animal-based products worldwide would affect the market positively during the forecast period.
What Does This Report Contain?
- Detailed
information about several vendors and a thorough evaluation of the
competitive landscape.
- Comprehensive
analysis of the factors that are likely to hinder the success of the
companies.
- Highly accurate
predictions on the upcoming aquaculture feed market trends, growth
drivers, and obstacles.
- Regional
analysis consisting of the niche areas present in the market.
Rising Adoption of Advanced Technologies to Augment Growth
Market vendors are rapidly adopting new technologies such as steam
conditioning to improve the quality of compound aquaculture feeds as they
provide nutrient balance. Additionally, they are adopting unique combinations
of animal protein from insects and plant-based proteins to create enriched
feed. Apart from that, the equipment of aquaculture feed has evolved from
wooden cages to hinged steel and polyethylene cages. This, in turn, has enabled
the prominent companies to shift its production to a technologically advanced
device from the mechanical oriented devices. All these factors are projected to
accelerate the aquaculture feed market growth during the forthcoming years.
North America to Dominate Backed by Rising Demand for Aquaculture Feed
In terms of geography, the market is segregated into the Middle
East and Africa, North America, Latin America, Asia Pacific, and Europe. Out of
these, North America is likely to lead during the forthcoming years in terms of
aquaculture feed market revenue. This growth is attributable to the rising
investments by several industry giants in creating economical and nutritional
feed. Also, the increasing demand for aquaculture feed would contribute to the
growth in this region. Asia Pacific, on the other hand, is expected to showcase
the highest CAGR in the near future because of the rising demand for aqatic
animal-based food, increasing aquatic animal pool, and growing economic
development in this region.
Key Players Focus on Expanding Production Capacity by Building New
Facilities
Companies present in the market are either launching novel
products or are planning to set up new facilities to expand their production
capacity. They are also trying to gain the maximum aquaculture feed market
share in the coming years. Apart from the companies, several educational
institutions are also participating in conducting studies to improvise
aquaculture technologies. Below are some of the latest key developments:
- January 2020: University of
Cape Town (UCT) situated in South Africa, unveiled a joint research
project named ‘One Health.’ It is aimed at surging the production of
healthy aquaculture in sub-Saharan Africa. The region contributes only a
2% share to the worldwide farmed fish output. The project would help in
researching and promoting healthy feeds that improve the immune systems of
various fish that are raised in aquaculture. Also, it would help in
preventing diseases that pose as a crucial threat to fish production in
Africa.
- January 2020: Pure Salmon, a
salmon farming company, based in Singapore, announced that it has selected
France to build its biggest facility worth €175million. It will be
constructed in Boulogne-Sur-Mer and is estimated to produce around 10,000
tonnes of salmon a year. It would also help in creating approximately 160
new jobs.
- December 2018: Huon Aquaculture,
a large aquaculture and food processing enterprise headquartered in
Tasmania, announced that it has designed a new barge called Hogan worth
USD 6.6 million to serve as the company’s exposed fish farm at Storm Bay
in Australia.
Browse Complete Report:
https://www.fortunebusinessinsights.com/industry-reports/aquaculture-feed-market-100698
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