Aquafeed Market was valued at US$ 54.24 Bn in 2021 and is expected to reach US$ 93.19 Bn by 2029 at a CAGR of 7.0% during the forecast period.
Aquafeed Market Overview:
Maximize Market research published the global market and industry analysis report on the Aquafeed market on 20th November and is available in the market now. The report includes key business insights and market sizing by region, products, and applications, with a forecast for 2029.
To replace fishmeal and fish oil with plant-based ingredients that are low in docosahexaenoic acid (DHA) in formulated feeds, new algae aquaculture feed ingredient is being introduced. Without the addition of squid meal, krill meal, or attractants, soybean meal replaces the protein content of fish meal by more than 70%. Soybean meal increases the body's protein content while lowering the unhealthy oils. A crucial component of tracking the status and trend of ornamental fish culture is the collection and dissemination of data. It will be possible to address other pertinent issues that may result in environmental and financial benefits for production in the aquafeed market if the volume and diversity of trade are better understood. Demand for salmonid feeds will be almost static, and it increases in aquaculture production being compensated by improvements in food conversion ratio (FCR). Equally, the market for commercial feeds is expected to increase for catfishes and other carnivorous fishes.
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Market Scope:
The Maximize Market Research Report provides Aquafeed market insights for manufacturers, suppliers, distributors, and investors. All stakeholders in the Aquafeed market, including industry experts, researchers, journalists, and business researchers, can benefit from the information and statistics provided in the report.
Maximize Market Research report explains how to do in-depth research on the Aquafeed market and develop conclusions about the market's future growth factors. The research technique combines primary and secondary research methodologies to ensure the authenticity and validity of the findings in the research.
Segmentation:
Fish held the largest share in terms of end users in 2019 and is anticipated to grow at the fastest rate during the forecast period. The cheapest and most easily absorbed animal protein is fish. The expansion of aquaculture and fish farming has raised the demand for fish feed. Demand for aquafeed is also being driven using artificial environments like Aquaponics and Recirculating Aquaculture Systems (RAS) to increase fish production and availability for consumption.
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Key Players:
Regional Analysis:
The report on the Aquafeed Market's growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.
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Key Questions answered in the Aquafeed Market Report are:
Key offerings:
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Mar 06, 2023