Aquafeed Market Size, Industry Overview, Trends, and Forecast
The aquafeed market size is projected to reach USD 88.0 billion by 2028 from USD 61.8 billion by 2023, at a CAGR of 7.3% during the forecast period in terms of value. Due to diminishing wild fish stocks and the limited availability of seafood, aquaculture has grown significantly. A greater need for aquafeed products has been generated by the expansion of aquaculture operations, particularly...
Aquafeed Market Size, Share, Growth, Trends, and Forecast
According to a research report “Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive and Region – Global Forecast to 2028″ published by MarketsandMarkets, the aquafeed market is projected to reach USD 88.0 billion by 2028 from...
Growth Strategies Adopted by Major Players in the Aquafeed Market
The aquafeed market is estimated to be valued at USD 47.3 billion in 2019 and is projected to reach USD 71.7 billion by 2025, growing at a CAGR of 7.2% during the forecast period. The growth in the global consumption of aquafeed has continued to be significant due to the growing aquaculture industry. Global aquaculture production has grown rapidly during the past decades, contributing significant...
Aquafeed Market: Drivers, Restraints, Opportunities, and Challenges
The report “Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region – Global Forecast to 2025″, is projected to reach USD 71.7 billion by 2025; it was estimated at USD 47.3 billion in 2019, recording a CAGR of 7.2%...
Swelling Aquaculture Industry Boosting the Growth of Aquafeed Market
The aquafeed market is segmented on the basis of ingredient, aquatic animal type, and region. The ingredients of aquafeed include corn, soybean, fishmeal, fish oil, additives, and others such as rice, wheat, and maize. The market has further been segmented on the basis of aquatic animal type into carps, shrimps, mollusks, crustaceans, and others including eels, cyprinids, and other freshwater fish....