1. Market Research
  2. > Seafood Market Trends

Aquafeed Market By Application (Carp, Mollusks, Salmon, Crustaceans, Tilapia, Catfish) & Aquaculture Additive Market by Product (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers) And Segment Forecasts To 2022

  • May 2016
  • 102 pages
  • Grand View Research
Report ID: 3340613

Summary

Table of Contents

Aquafeed Market By Application (Carp, Mollusks, Salmon, Crustaceans, Tilapia, Catfish) & Aquaculture Additive Market by Product (Amino Acids, Antibiotics, Vitamins, Feed Acidifiers) Is Expected To Reach USD 165.04 Billion & USD 1.21 Billion By 2022
June 2015
Global aquafeed market is expected to reach USD 165.04 billion by 2022. Global aquaculture (aquafeed) additive market is expected to reach USD 1.21 billion by 2022. Aquafeed market is primarily driven by growth of the global aquaculture industry. In addition, growing demand for fish in direct human consumption (DHC) is anticipated to drive demand for fed fish species, which in turn is expected to augment aquafeed market growth over the forecast period. Initiatives taken by numerous regulatory agencies on promoting aquaculture activities is expected to open new opportunities for market growth over the next seven years.

Carps were the largest consumers of aquafeed accounting for over 25% of the global volume share in 2014. Carps are being extensively reared over the past few years owing to their adaptability to changing climates. In addition, carps are a viable source of protein containing high omega-3 and low fat. Carps are anticipated to be the fastest growing application segment for aquafeed owing to their growing demand in direct human consumption.

Further key findings from the study suggest:

Composition of raw materials in aquafeed varies in accordance with the targeted fish species. Fish meal content in aquafeed for shrimp diets consisted of 35% of the overall feed quantity in 1995, whereas, aquafeed contained over 50% of the overall feed quantity for salmons. Additives are anticipated to account for close to 2% of the overall feed composition by 2022.
Amino acids demand was highest within the global aquaculture additives market in 2014 accounting for over 25% of the overall revenue. Increasing importance of amino acids to improve efficiency of protein utilization in animal feeding is expected to favor market growth in the near future.
Asia Pacific was the largest aquafeed market exceeding 65% of global volume in 2014. Expansion of aquaculture industry in China and India owing to factors such as ease of raw material availability, favorable climatic conditions for aquaculture and cheap labor is expected to augment aquafeed market growth in the region. Robust fish production base in Chile and Peru is expected to have a positive impact on Latin America aquafeed market over the forecast period.
Key participants present in the global aquafeed and aquaculture additives market include Alltech Inc, Biomar A/S, Cargill Inc., Aller Aqua A/S, Cermaq ASA, Archer Daniel Midland (ADM), BASF SE, Biomin Holding GmbH, Skretting, EWOS, De Heus and Nutriad International. EWOS is an aquafeed manufacturing company integrated across the entire value chain. The company has its own feed ship, “RUBIN”, and is engaged in aquaculture activities. Skretting has an annual production capacity of 1.8 million tons of aquaculture feeds catering to over 60 varieties of fish and shrimp. In August 2013, Skretting Group announced entered into a joint venture with Gisis Ecuador and Regal Springs to set up an aquafeed manufacturing facility in Honduras. Biomar provides fish feed for fish farms, sea farms and recirculation plants. In April 2015, Biomar entered into a joint venture with Tongwei Co., Ltd. to construct a joint aquafeed factory in China with an annual capacity of about 10,000 metric tons.
For the purpose of this study, Grand View Research has segmented the global aquafeed and aquaculture additives market on the basis of product, application and region:

Aquafeed/ Aquaculture Additives Product Outlook (Revenue, USD Million, 2012 – 2022)

Amino acids
Antibiotics
Vitamins
Feed acidifiers
Others
Aquafeed Application Outlook (Volume, Kilo Tons and Revenue, USD Million, 2012 – 2022)

Carp
Mollusks
Salmon
Crustaceans
Tilapia
Catfish
Others
Aquafeed Regional Outlook (Volume, Kilo Tons and Revenue, USD Million, 2012 – 2022)

North America
Europe
Asia Pacific
RoW

Please note: this report requires certain updates. We have all the information available but require 2 working days business days to complete the process and ensure it is as up-to-date as possible.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Fishmeal & Fish Oil Market by Source, Livestock Application, Industrial Application, and Region - Forecast to 2022

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“Global fishmeal & fish oil market projected to grow at a CAGR of 8.50%.” The global fishmeal & fish oil market is projected to reach a value of USD 14.28 billion by 2022, at a CAGR of 8.50% from 2017. ...

Aquafeed Market by End User, Ingredient, Additive, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“Global aquafeed market projected to grow at a CAGR of 9.9%.” The global aquafeed market is projected to reach a value of USD 172.56 billion by 2022, growing at a CAGR of 9.9% from 2017 to 2022. The ...

Worldwide Insect Feed Market [by Segments (Pig Nutrition, Poultry Nutrition, Dairy Nutrition, Aquaculture, Others); by Regions (North America, Europe, Asia-Pacific, Central/Latin America, Middle-East, Africa)]: Market Size and Forecasts (2017 – 2022)

  • $ 4150
  • Industry report
  • May 2017
  • by Arcluster

Global Insect Feed Market to exceed $1 billion in 2022. Arcluster’s report on the Insect Feed market provides an in-depth analysis of the market size, forecasts, and opportunities of Insect Feed catering ...

Global Caviar Market 2017-2021

April 2017 $ 3500

Clams Market Trends In China

July 2017 $ 3000

Fish Market Trends In China

July 2017 $ 3000

Crab Market Trends In China

July 2017 $ 3000

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.