Aquafeed Market

Aquafeed Market: APEJ to Remain Dominant Regional Market Throughout the Forecast Period: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)

  • 2017-08-01
  • REP-GB-4540
  • 578 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Aquafeed Market

This study offers a comprehensive, 360 degree analysis on the Aquafeed market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Aquafeed market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

APEJ will remain the main hub for aquafeed manufacturing while North America will continue to grow at an exponential rate

The global aquafeed market is spread over most of the countries of the world, lending increased visibility to the regional markets in terms of revenue growth. APEJ is the leading producer of aquafeed followed by North America, Latin America, Western Europe, Japan, MEA and Latin America. China and Norway have emerged as major producers of aquafeed in the past three years. The U.S is a major producer of aquafeed in the world. APEJ has been leading the global consumption of aquafeed for the last 10-20 years with an average per capita production of nearly 53% of the entire global production in million metric tonnes over the period. An abundant supply of fresh water sources in APEJ along with a rich aquaculture has helped the region retain the top position in the global aquafeed market. The MEA region will hold great potential for aquaculture as most of the big feed manufacturing firms are establishing their aquafeed plants in Egypt owing to the availability of cheap labour. Besides, being the largest tilapia producing region makes Egypt the most promising region for aquafeed production over the assessment period.

Within the APEJ market, China will exhibit significant growth owing to the large water mass surrounding the Asian countries coupled with favourable climatic conditions and a positive trade scenario in countries such as India, Singapore, and Malaysia. The APEJ aquafeed market is predicted to grow 2x over the forecast period of 2017-2027. From an estimated market valuation of about US$ 18 Bn in 2017, the APEJ regional market will grow at a CAGR of 7.0% to reach a market valuation of about US$ 36 Bn by the end of the forecast period in 2027. In terms of volume, the APEJ market will register a CAGR of 6.3%. APEJ leads the global market in terms of both value and volume CAGR.


Key factors fuelling revenue growth of the global aquafeed market across various regional markets

Increase in marine and terrestrial land growth: Data acquired from the World Bank indicates that the marine and terrestrial protected areas covered by the UN Environmental Program & the World Conservation Monitoring Centre offer plenty of opportunities for aquaculture companies to meet consumer demand effectively. For instance, in 2000, the percentage of marine and terrestrial land was 8.79% of the total terrestrial land and in 2014 this went up to 12.8% showing significant opportunistic growth.

Increasing global population: A rapid increase in the global population and a subsequent rise in the consumption of food demands modern and advanced technologies as well as sonar equipment, leading to an over-exploitation of marine species and marine resources to meet the expanding consumer demands.

Better arable land: There is vast arable agricultural land available for cultivating wheat, corn, soybean, and maize, which are the main ingredients used in the production of aquafeed. A limited availability of marine resources such as fish meal and fish oil have led to an increased usage of wheat, corn, soyabean, and maize as ingredients for aquafeed production.

Rural population relying on fisheries: In several regions of the world, the rural populace survives on fisheries and aquaculture as fish is a cheaper and economical source of fats, protein, and other micro-nutrients required for proper growth and nourishment.

Global aquafeed market anticipated to grow 1.6x over the forecast period 2017 – 2027

The global aquafeed market was valued at about US$ 48 Bn in 2016 and this is estimated to increase at a CAGR of 5.9% during the 10 year period to reach a market valuation of nearly US$ 86 Bn by the end of 2027. Besides the factors listed above, other market growth drivers include increasing incidence of food borne illness, rising concern for food safety and quality, drifting inclination towards aquaculture growth and increasing demand for sea food across the globe.

A well-structured research methodology resulting in near accurate estimation of market forecast underpins our market research process

Research on any market is incomplete without taking into consideration the various facets that impact the market across the different segments and geographical regions. These facets include market dynamics as well as inputs from key stakeholders present in the market. Our recent publication titled “Aquafeed Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” takes into account the different scenarios operational in the global aquafeed market and after extensive primary and secondary research, draws up conclusions regarding market performance over the forecast period 2017 – 2027.

PESTLE Analysis backs our research methodology by helping us identify the political, economic, social, technological, legal, and environmental factors likely to influence the market over the forecast period. Porter’s Five Forces Model helps us benchmark the competition levels in the market and provide strategic recommendations to key players as well as new entrants in the global aquafeed market. Data gathered through various primary and secondary sources is validated using the triangulation method and further scrutinised using advanced tools to draw up qualitative and quantitative insights into the global aquafeed market, which can help market players make informed and speedy business decisions.

Market segmentation is the first step in our detailed analysis of the market

For ease of reader convenience, we have segmented the global aquafeed market into the following categories.

By Species

By Form

By Function

By Ingredients

By Sales Channel

By Region

  • Crustaceans

  • Fish

  • Others

  • Extruded
  • Powder

  • Liquid

  • Pellets

  • Health

  • Digestion

  • Palatability

  • Special Nutrition

  •  Marine
  • Land Animal

  • Veg/Grain

  • Carotenoid

  • Nutrients

  • Others

  • Direct Sales

  • Indirect Sales

  • Hypermarket


  • Wholesalers

  • Speciality Stores

  • Online

  • Other Retail Formats

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan

  • Japan

  • Middle East and Africa

A seamless structure helps the reader navigate easily through the different sections of the report

Our report on the global aquafeed market is presented in a simple, easy-to-read format. Each chapter is cleverly sectioned in a logical sequence to ensure systematic flow of information form one section to another. The executive summary is a brief yet complete snapshot of the entire report and offers a singular view of the global aquafeed market. Snippets of information pertaining to the market overview and dynamics, future market trends, dominant region and segment, along with a future roadmap is presented in a detailed manner. Market introduction breaks down the market into the aforementioned segments and provides a brief overview of each followed by the market view point. The subsequent sections highlight the global aquafeed market scenario including market size (US$ Mn) forecast, value chain analysis, and a list of active market participants that includes feed ingredient manufacturers and product manufacturers. Assumptions and impact of the various forecast factors identified by Future Market Insights is outlined in the next section.

This is followed by the most important sections of the report – our analysis and forecast of the global aquafeed market on the basis of end user, form, function, ingredients, sales channel, and region. We know the importance of capturing the intricate details of a market from the geographical perspective (segmental forecasts across different countries) and the next few sections do just that. This is followed by the most critical section of the report – the competitive landscape. This is where we present a dashboard view of the top companies dominating the global aquafeed market and highlight important information about these companies such as annual revenue, global presence, key strategies, and a comprehensive SWOT analysis. This section is intended to provide the report audience with a clear picture of the competitive ecosystem of the global aquafeed market. Through these detailed sections, our report aims to capture the different facets of the global aquafeed market and help readers get a clear understanding of the market from different angles.

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