Aquafeed Market Dynamics: Key Players and Competitive Strategies
The aquafeed industry is expected to grow from USD 59.0 billion in 2024 to USD 84.2 billion by 2029, reflecting a CAGR of 7.4% during this forecast period. This growth is fueled by increasing seafood demand and advancements in aquaculture technologies. According to the FAO, global aquaculture production hit a record 130.9 million tonnes in 2022, accounting for 51% of total fish production. This increase...
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 size is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets. Aquafeed comprises one or more artificial and/or natural...
Aquafeed Market Growth by Emerging Trends, Analysis, & Forecast to 2025
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″, The aquafeed market is projected to reach USD 71.6 billion by 2025; it was estimated at USD 50.6 billion in 2020, recording...
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...