Global Aqua Feed Industry

April 2021
286 pages
ID: 5797919
Format: PDF
Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Abstract:
- Global Aqua Feed Market to Reach $74.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Aqua Feed estimated at US$54.2 Billion in the year 2020, is projected to reach a revised size of US$74.2 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027. Fish, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$48 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mollusks segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $14.7 Billion, While China is Forecast to Grow at 7% CAGR
- The Aqua Feed market in the U.S. is estimated at US$14.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.1 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
- Crustaceans Segment to Record 3.8% CAGR
- In the global Crustaceans segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.5 Billion in the year 2020 will reach a projected size of US$8.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.8 Billion by the year 2027, while Latin America will expand at a 4.7% CAGR through the analysis period.

- Select Competitors (Total 46 Featured) -

ADM Animal Nutrition
Aller Aqua Group
Alltech, Inc.
BENEO GmbH
BioMar Group
Biomin Holding GmbH
Cargill, Inc.
Cermaq Group AS
Clextral SAS
Grupo DIBAQ
INVE Technologies
Koninklijke DSM NV
Norel Animal Nutrition
Novus International, Inc.
Nutreco NV
Nutriad International
Ridley Corporation Ltd.
Skretting AS
Sonac BV
Zeigler Bros., Inc.

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