Pune, 17, May 2024: Stellar Market Research, a Food and Beverage research firm has published a report on the “Fish Feed Market”. The total market size of the Fish Feed Market was USD 118.40 Bn in 2023 and is expected to grow at 4.1 percent CAGR through the forecast period by reaching nearly USD 156.86 Bn.
Fish Feed Market Report Scope
Market Size in 2023 USD 118.40 Bn.
Market Size in 2030 USD 156.86 Bn.
CAGR 4.1 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 278
No. of Tables 120
No. of Charts and Figures 116
Segment Covered Product Type, Form, Application and Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Fish Feed Market Research Methodology
The report is a thorough analysis of the Fish Feed market provided with key findings including Pricing, investments, expansion plans, and physical presence in the market. The bottom-up approach was used to understand the Fish Feed market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities, and challenges of the A market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the market.
Regional analysis of the market conducted at a local, regional and global level. For a segment-wise analysis of the market, it is divided into Product Type, Form, Application and Distribution Channel. The report also provides information on the emerging regions that are expected to be major markets for the Fish Feed market.
The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Fish Feed market. The primary collection method includes Surveys, questionnaires and telephonic interviews with market leaders and business owners. The secondary method includes financial reports, annual reports, press releases, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Fish Feed Market.
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Fish Feed Market Overview
Fish feed is essential for commercial as well as personal aquaculture, providing a balanced diet and vital nutrients to farmed fish. Typically, accessible as pellets or granules, it comprises fish oil, fish meal, minerals, vitamins, cereal grains, and vegetable proteins, ensuring stability and concentrated nutrition to promote optimal fish both for growth and health. The Fish Feed Market has witnessed a shift towards sustainable ingredients, including plant-based proteins, boosted by declining traditional resources and increased environmental concerns. Technological advancements including alternative proteins and algae, are improving the nutritional value and efficiency of fish feeds, catering to diverse dietary needs. Increasing global population, urbanization, and disposable incomes have improved the demand for seafood, driving the need for efficient fish feed solutions. Government support, favorable policies, and investments in research and development are bolstering the quality and safety of fish feed products.
Fish Feed Market Dynamics
Innovations in feed formulation and production techniques are boosting dynamic changes in the fish feed market, profoundly impacting sustainability, efficiency, and nutritional quality. With increasing pressure to minimize reliance on finite marine resources including fish meal and fish oil due to overfishing and environmental concerns, alternative protein sources such as insect meal, algae, and single-cell proteins are gaining prominence in feed formulations. These alternatives not only provide high-quality protein but also substantially reduce the environmental footprint of feed production, aligning with global sustainability goals and consumer preferences for eco-friendly products.
Technological advancements in fermentation processes are improving the nutritional value and digestibility of plant-based ingredients, increasing the range of usable feed ingredients. The adoption of plant-based ingredients is accelerating as they provide renewability, and lower production costs compared to traditional sources. Regulatory pressures boost this shift towards sustainability, with governments implementing stricter regulations and providing incentives for environmentally friendly practices.
Fish Feed Market Regional Insights
Asia Pacific is expected to dominate the Fish Feed Market during the forecast period. The Asia Pacific region has the largest share of global aquaculture production, driven by countries such as China, India, Vietnam, Indonesia, and Thailand, which lead fish farming endeavors. This production volume creates a solid foundation for the region's fish feed demand, ensuring a constant requirement for feed supplies. Favourable climatic conditions drive the region's dominance, facilitating year-round aquaculture activities. Governmental policies and investments in aquaculture infrastructure, research, and technology sustaining Asia Pacific's leadership in the Fish Feed Market. The governmental support fosters the sustainable expansion of fish farming activities, driving demand for fish feed. The technological innovations in feed formulation and production processes continue to revolutionize the fish feed industry across the Asia Pacific region.
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Fish Feed Market Segmentation
By Product Type
Plant Based
Microorganisms
Others
By Form
Pellets
Granules
Flakes
Sticks
Powder
Others
Based on Form, the market is segmented into Pellets, Granules, Flakes, Sticks, Powder and Others. Pellets are expected to dominate the Fish Feed Market during the forecast period. The pelleted fish feed enables precise control over the composition and distribution of nutrients. This consistency ensures that fish receive a balanced diet with essential nutrients in every bite, promoting healthy growth and development. Pelleted fish feed is convenient to handle and store. Its uniform size and shape make it easy to measure and dispense, simplifying feeding operations for aquaculture farmers. Pelleted feed has minimal dust and fines compared to other forms including powders or flakes. This reduces waste and improves feed efficiency, as more of the feed is consumed by the fish rather than lost to the environment.
By Application
Aquaculture
Household
Others
Based on Application, the market is segmented into Aquaculture, Household, and Others. Aquaculture held the largest Fish Feed Market share in 2023 and is expected to have significant CAGR during the forecast period. As the global population continues to increase, also the demand for seafood. Aquaculture offers a sustainable solution to meet this demand, as it enables for controlled production of fish in captivity. Aquaculture systems are highly efficient in terms of resource utilization. By providing the right feed formulations, aquaculture farmers optimize growth rates and minimize waste, making the production process more economically viable.
By Distribution Channel
Direct Sales
Retail Stores
Others
Fish Feed Key Competitors include:
- Cargill, Inc. (Minnesota, United States)
- Zeigler Bros., Inc. (Pennsylvania, United States)
- Archer Daniels Midland (Illinois, United States)
- Alltech Inc. (Kentucky, United States)
- Skretting AS (Stavanger, Norway)
- Aller Aqua A/S (Aller, Denmark)
- Sonac B.V. (Eindhoven, Netherlands)
- BioMar Group (Aarhus, Denmark)
- Nutreco N.V. (Amersfoort, Netherlands)
- Biomin Holding GmbH (Getzersdorf, Austria)
- Ridley Corp. Ltd. (Melbourne, Victoria, Australia)
- Norel Animal Nutrition (Madrid, Spain)
- NUTRIAD (Dendermonde, Belgium)
- Guangdong Haid Group Co., Ltd. (Guangzhou, China)
- Tongwei Group Co., Ltd. (Chengdu, Sichuan, China)
- Marvesa Holdings N.V. (Rotterdam, Netherlands)
- Clextral (Firminy, France)
- Beneo GmbH (Mannheim, Germany)
- Neovia (Saint-Nolff, France)
- Biomar Chile S.A. (Puerto Montt, Chile)
Key questions answered in the Fish Feed Market report are:
- What is Fish Feed?
- Which market segment held the largest share of the global Fish Feed Market in 2023?
- What are the global trends in the Fish Feed Market?
- What are the upcoming industry applications and trends for the Fish Feed Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Fish Feed Market?
- What growth strategies are the players considering to increase their presence in the Fish Feed Market?
- Who are the leading companies and what are their portfolios in the Fish Feed Market?
- What are the major challenges that the Fish Feed Market could face in the future?
- Which region held the largest Fish Feed Market Share in 2023?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2030
- Fish Feed Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Fish Feed Market Segmentation – A detailed analysis by Product Type, Form, Application and Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Stellar Market Research is leading Food and beverages Market research firm, has also published the following reports:
Fishery Machinery Market - The Paper Packaging Market Size is valued at 6 billion in 2023 and is expected to reach a 6.3 % CAGR during the forecast period for 2024-2030. The market is expected to be driven by the growing aquaculture industry, increasing consumer awareness about the health benefits of fish and increasing adoption of advanced technology such as automation and robotics in fishery machinery.
Smoked Fish Market- Smoked Fish Market size was valued at USD 8.2 Bn. in 2023 and the total Bread and Baked Food revenue is expected to grow at a CAGR of 5 % from 2024 to 2030, reaching nearly USD 11.54 Bn. by 2030. The market is expected to be driven by increased working-class population, rising per capita income, and growing demand for prepared seafood items
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Website: https://www.stellarmr.com/report/Fish-Feed-Market/1875
