Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive and Region - Global Forecast to 2028

Abstract
According to MarketsandMarkets, the aquafeed market is projected to reach USD 88.0 billion by 2028 from 61.8 billion by 2023, at a CAGR of 7.3% during the forecast period in terms of value. Growth in the aquafeed market has been aided by rising worldwide seafood consumption and rising consumer awareness of the quality of seafood products. Additionally, it is anticipated that an increase in per capita income, particularly in emerging countries, will support the expansion of the aquaculture and aquafeed industries. Long-term market expansion is anticipated to be constrained by rising raw material costs because the bulk of high-quality feed is made with fish meal and fish oil.

"By ingredients, fish meal segment is projected at a fastest during the forecast period."

Fishmeal is prepared by using wild-caught and small marine fish, which contain a high percentage of bones and oil. It is unsuitable for human consumption. It typically contains 60% to 72% protein; 5% to 12% fat; and a high content of EPA and DHA fatty acids more commonly referred to as Omega-3, vitamins, and minerals. The use of fishmeal in the diet of aquatic animals improves the overall efficiency of the feed and improves their growth, palatability, nutrition uptake, digestion, and absorption, thus driving the demand for fish meal in aquafeed market.

"By form, the dry segment is projected fastest during the forecast period.”

The feed for fish is most commonly available in the form of pellets or granules, and usually contains moisture of approximately 7%–13%. Most aquafeed manufacturers adopt the use of the dry form of feed due to its free-flowing structure and ability to provide consistency. Dry feed has superior feed conversion ratios, which means that aquatic animals use the nutrients in the diet more effectively. As a result, the aquaculture species may perform better overall and grow at higher rates while spending less on feed. Companies are also coming up with new product launches, such as, in April 2023, MiAlgae, Scottish biotech company, launched NutrAlgae, an omega 3 powder which is a nutritious feed ingredient. It can be used as fish feed and pet food ingredient. The product has a high concentration of DHA and other oils. This is allowing new ingredient-based products thus driving the aquafeed market.

"By species, the fish segment is projected fastest during the forecast period.”

The oldest and most popular type of aquaculture, or cultivation of aquatic animals, is fish farming. Fish-focused aquafeed is in high demand due to the vast farming of fish species like salmon, tilapia, carp, and catfish over a long period of time. In addition, fish are highly prized for the nutrients they contain, particularly the omega-3 fatty acids and premium protein. Due to this, there is a substantial market demand for farmed fish for both home and international use. Aquaculture producers depend on nutrient-balanced and species-specific aquafeed formulations to promote the development, health, and quality of farmed fish in order to meet this demand.

“By lifecycle, grower segment is projected in fastest during the forecast period.”

Proteins are an important requirement for the growth of fish. The protein requirements are generally higher for fish, which are smaller in size and are at the early stages of life. As the fish grows larger, the protein requirements are usually lower. For optimum growth and development, small fish, such as fingerlings or juvenile fish, have nutritional needs. Grower feeds are designed to suit the nutritional requirements of small fish by delivering a well-balanced mix of proteins, carbs, fats, vitamins, and minerals. These feeds are made to promote the juvenile fish's skeletal development, overall wellbeing, and healthy growth. The nutritional requirements of small fish alter as they mature and develop to bigger sizes. By offering proper nutrient profile for their intermediate growth stages, grower feeds assist in bridging the nutritional gap between starter feeds and adult feeds. They act as a transitional diet that gets the fish ready for their eventual switch to adult feeds, which have various nutrient profiles.

“By additives, amino acids segment is projected in fastest during the forecast period.”

Amino acids are important in animal nutrition and are the building blocks of protein, which play an essential role in the growth, production, and overall maintenance of aquatic animal health. They provide the energy required for the growth of muscles and bones for muscle movement, digestion, and blood circulation. Amino acids are essential for the effective utilization of other nutrients, including fats and carbs. Lack of certain amino acids in the diet could interfere with the metabolism and absorption of nutrients, thereby reducing feed efficiency and nutrient utilization. The optimization of nutrient utilization and the improvement of feed conversion into biomass are both aided by the supplementation of the lacking amino acids. Methionine, lysine, tryptophan, and threonine are the four types of amino acids widely used in animal feed. Tryptophan regulates the immune system, maintains health, increases appetite, and improves the growth rate and efficiency of feed.

“Asia Pacific will significantly contribute towards market growth during the forecast period.”

The Asia Pacific region includes countries such as China, Indonesia, Vietnam, Thailand, India, and Rest of Asia Pacific. The region also accounted for the largest share of 63.5% in the global aquafeed market in 2022. According to a report published by FAO in 2022, Asia continued to dominate the global aquaculture production, with the production share of 70% in 2020, which is followed by Americas accounting 12% and then Europe having the share of 10%, and the rest of the aquaculture production is contributed by Africa and Oceania. China remained the major producer with a share of 35% of the total output. The expansion in the global aquaculture is also attributed to the large fishing fleet that Asian countries have, which is about two-thirds of the global total. Therefore, the expansion of the aquaculture sector in Asia Pacific drives the demand for aquafeed. The region has a significant share in global aquaculture production, and as the industry grows, there is a greater need for high-quality and sustainable aquafeed, which is anticipated to drive the aquafeed market in the region.

Break-up of Primaries:
By Company Type: Tier1-30%, Tier 2-30%, Tier 3- 40%
By Designation: CXOs-31%, Managers – 24%, and Executives- 45%
By Region: North America - 35%, Europe - 30%, Asia Pacific – 20%, South America-10%, RoW – 5%,

Leading players profiled in this report:
•ADM (US)
•Cargill, Incorpoarted (US)
•Ridley Corporation Limited (Australia)
•Nutreco (Netherlands)
•Alltech (US)
•Purina Animal Nutrition (US)
•Adisseo (Belgium)
•Aller Aqua A/S (Denmark)
•Biomin (Austria)
•Biomar (Denmark)
•Norel Animal Nutrition (Spain)
•Avanti Feeds Limited (India)
•De Heus Animal Nutrition B.V (Netherlands)
•Novus International (US)
•Biostadt India Limited (India)

The study includes an in-depth competitive analysis of these key players in the Aquafeed market with their company profiles, recent developments, and key market strategies.

Research Coverage:
The report segments the aquafeed market based on species, additives, form, lifecycle, ingredients and regions. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global aquafeed market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall aquafeed market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
•Analysis of key drivers (Growth in aquaculture industry), restraints (Lack of awareness about modern feeding methods in developing countries), opportunities (Growth in support from governments), and challenges (Growth in environmental and human health concerns) influencing the growth of the aquafeed market.
•Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the aquafeed market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the aquafeed market across varied regions.
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aquafeed market.
•Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players include ADM (US), Cargill, Incorporated (US), Ridley Corporation Limited (Australia), Nutreco (Netherlands), and Alltech (US. The report also helps stakeholders understand the aquafeed market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION25
1.1STUDY OBJECTIVES25
1.2MARKET DEFINITION25
1.3STUDY SCOPE26
FIGURE 1MARKET SEGMENTATION26
1.3.1REGIONS COVERED27
1.3.2INCLUSIONS & EXCLUSIONS27
1.3.3YEARS CONSIDERED28
1.4CURRENCY CONSIDERED29
TABLE 1USD EXCHANGE RATES, 2018–202229
1.5STAKEHOLDERS29
1.6SUMMARY OF CHANGES30
1.6.1RECESSION IMPACT ANALYSIS30
2RESEARCH METHODOLOGY31
2.1RESEARCH DATA31
FIGURE 2AQUAFEED MARKET: RESEARCH DESIGN31
2.1.1SECONDARY DATA32
2.1.1.1Key data from secondary sources32
2.1.2PRIMARY DATA33
2.1.2.1Key data from primary sources33
2.1.2.2Key industry insights34
2.1.2.3Breakdown of primaries34
2.2MARKET SIZE ESTIMATION35
2.2.1APPROACH ONE: TOP-DOWN35
FIGURE 3AQUAFEED MARKET SIZE ESTIMATION – TOP-DOWN APPROACH36
2.2.2APPROACH TWO: BOTTOM-UP36
FIGURE 4AQUAFEED MARKET SIZE ESTIMATION – BOTTOM-UP APPROACH37
2.2.3AQUAFEED MARKET SIZE ESTIMATION: SUPPLY SIDE37
FIGURE 5AQUAFEED MARKET SIZE ESTIMATION (SUPPLY SIDE)38
2.2.4AQUAFEED MARKET SIZE ESTIMATION: DEMAND SIDE38
FIGURE 6AQUAFEED MARKET SIZE ESTIMATION (DEMAND SIDE)38
2.3DATA TRIANGULATION39
FIGURE 7DATA TRIANGULATION METHODOLOGY39
2.4RESEARCH ASSUMPTIONS & LIMITATIONS40
2.4.1ASSUMPTIONS40
TABLE 2ASSUMPTIONS40
2.5RESEARCH LIMITATIONS & ASSOCIATED RISKS41
2.6RECESSION IMPACT ON AQUAFEED MARKET41
2.6.1MACRO INDICATORS OF RECESSION41
FIGURE 8INDICATORS OF RECESSION42
FIGURE 9WORLD INFLATION RATE: 2011-202142
FIGURE 10GLOBAL GDP: 2011-2021 (USD TRILLION)43
FIGURE 11RECESSION INDICATORS AND THEIR IMPACT ON AQUAFEED MARKET44
FIGURE 12GLOBAL AQUAFEED MARKET: EARLIER FORECAST VS. RECESSION FORECAST45
3EXECUTIVE SUMMARY46
TABLE 3AQUAFEED MARKET SNAPSHOT (VALUE), 2023 VS. 202847
FIGURE 13AQUAFEED MARKET SIZE, BY INGREDIENT, 2023 VS. 2028 (USD MILLION)48
FIGURE 14AQUAFEED MARKET SIZE, BY LIFECYCLE, 2023 VS. 2028 (USD MILLION)48
FIGURE 15AQUAFEED MARKET SIZE, BY FORM, 2023 VS. 2028 (USD MILLION)49
FIGURE 16AQUAFEED MARKET SIZE, BY ADDITIVE, 2023 VS. 2028 (USD MILLION)49
FIGURE 17AQUAFEED MARKET SIZE, BY SPECIES, 2023 VS. 2028 (USD MILLION)50
FIGURE 18AQUAFEED MARKET SHARE (VALUE), BY REGION, 202250
4PREMIUM INSIGHTS52
4.1BRIEF OVERVIEW OF AQUAFEED MARKET52
FIGURE 19INCREASING TRADE OF SEAFOOD TO PROPEL MARKET GROWTH52
4.2ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT AND COUNTRY53
FIGURE 20CHINA ACCOUNTED FOR LARGEST SHARE IN 202253
4.3AQUAFEED MARKET, BY LIFECYCLE AND REGION, 202253
FIGURE 21GROWER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD53
4.4AQUAFEED MARKET, BY FORM54
FIGURE 22DRY FORM DOMINATED MARKET IN 202254
4.5AQUAFEED MARKET: MAJOR REGIONAL SUBMARKETS54
FIGURE 23CHINA DOMINATED MARKET IN 202254
5MARKET OVERVIEW55
5.1INTRODUCTION55
FIGURE 24GLOBAL POPULATION, 2010-202156
5.2MARKET DYNAMICS56
FIGURE 25AQUAFEED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES56
5.2.1DRIVERS57
5.2.1.1Growth in aquaculture industry57
TABLE 4GLOBAL AQUACULTURE PRODUCTION, 2013–2018 (MILLION TONNES)57
5.2.1.2Rise in seafood trade to propel demand57
5.2.1.3Increase in consumption of fish58
5.2.2RESTRAINTS59
5.2.2.1Lack of awareness about modern feeding methods in developing countries59
5.2.3OPPORTUNITIES60
5.2.3.1Growth in support from governments60
5.2.3.2Development of innovative products as source of protein60
5.2.4CHALLENGES61
5.2.4.1Growth in environmental and human health concerns61
5.2.4.2Disease outbreaks and disease prevention measures61
6INDUSTRY TRENDS63
6.1INTRODUCTION63
6.2VALUE CHAIN ANALYSIS63
6.2.1RESEARCH AND DEVELOPMENT64
6.2.2PROCUREMENT64
6.2.3MANUFACTURING/PRODUCTION64
6.2.4DISTRIBUTION64
6.2.5MARKETING AND SALES64
6.2.6END USER64
FIGURE 26AQUAFEED MARKET: VALUE CHAIN ANALYSIS65
6.3PRICING ANALYSIS: AQUAFEED MARKET, BY INGREDIENT65
TABLE 5AVERAGE SELLING PRICE, BY INGREDIENT, 2018–2022 (USD/KT)65
6.4ECOSYSTEM MAP66
6.4.1AQUAFEED MARKET: ECOSYSTEM VIEW66
6.4.2AQUAFEED MARKET MAP67
6.4.2.1Upstream67
6.4.2.1.1Aquafeed manufacturers67
6.4.2.1.2Raw material providers68
6.4.2.1.3Academia and research institutes68
6.4.2.2Downstream68
6.4.2.2.1Retailers and distributors68
6.5TRENDS/DISRUPTIONS IMPACTING CONSUMER’S BUSINESS69
FIGURE 27REVENUE SHIFT FOR AQUAFEED MARKET69
6.6PATENT ANALYSIS70
FIGURE 28REGIONAL ANALYSIS OF PATENTS GRANTED70
FIGURE 29ANALYSIS OF PATENTS GRANTED, 2012–202271
TABLE 6KEY PATENTS PERTAINING TO DISINFECTANTS IN LIVESTOCK, 2022–2372
6.7TRADE ANALYSIS73
TABLE 7KEY EXPORTING COUNTRIES OF AQUAFEED, 2022 (USD MILLION)73
FIGURE 30AQUAFEED EXPORT, BY KEY COUNTRY, 2018–2022 (USD MILLION)73
TABLE 8KEY IMPORTING COUNTRIES OF AQUAFEED, 2022 (USD MILLION)74
FIGURE 31AQUAFEED IMPORT, BY KEY COUNTRY, 2018–2022 (USD MILLION)74
6.8TARIFF AND REGULATORY LANDSCAPE74
6.8.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS74
TABLE 9NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS75
TABLE 10EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS76
TABLE 11ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS76
TABLE 12SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
6.9REGULATORY FRAMEWORK77
6.9.1INTRODUCTION77
6.9.2NORTH AMERICA77
6.9.2.1US77
6.9.2.2Canada78
6.9.2.3Mexico80
6.9.3EUROPE81
6.9.4ASIA PACIFIC81
6.9.4.1China81
6.9.5JAPAN82
6.9.5.1India84
6.9.5.2Australia85
6.9.6SOUTH AMERICA87
6.9.6.1Brazil87
6.10TECHNOLOGY ANALYSIS87
6.10.1NUTRIENT ENCAPSULATION87
6.10.23 D PRINTING87
6.11PORTER’S FIVE FORCES ANALYSIS88
TABLE 13AQUAFEEDS MARKET: PORTER’S FIVE FORCES ANALYSIS88
6.11.1INTENSITY OF COMPETITIVE RIVALRY88
6.11.2BARGAINING POWER OF SUPPLIERS88
6.11.3BARGAINING POWER OF BUYERS88
6.11.4THREAT OF SUBSTITUTES89
6.11.5THREAT OF NEW ENTRANTS89
6.12KEY STAKEHOLDERS & BUYING CRITERIA89
6.12.1KEY STAKEHOLDERS IN BUYING PROCESS90
FIGURE 32INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS90
TABLE 14INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE TYPES OF AQUAFEED (%)90
6.12.2BUYING CRITERIA90
FIGURE 33KEY BUYING CRITERIA FOR SPECIES91
TABLE 15KEY BUYING CRITERIA FOR TOP THREE TYPES OF AQUAFEED91
6.13CASE STUDY92
6.13.1AVANTI FEEDS LIMITED: REVOLUTIONIZING AQUAFEED INDUSTRY IN INDIA92
TABLE 16REVOLUTIONIZING INDIA'S AQUAFEED INDUSTRY: AVANTI FEEDS LIMITED'S COLLABORATIVE APPROACH AND TECHNOLOGICAL ADVANCEMENTS92
7AQUAFEED MARKET, BY ADDITIVE93
7.1INTRODUCTION94
FIGURE 34AQUAFEED MARKET SIZE, BY ADDITIVE, 2023 VS. 2028 (USD MILLION)94
TABLE 17AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION)95
TABLE 18AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION)95
7.2AMINO ACIDS96
7.2.1AMINO ACIDS TO OVERCOME DIETARY DEFICIENCIES AND DRIVE GROWTH96
TABLE 19AMINO ACIDS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)96
TABLE 20AMINO ACIDS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)96
7.3VITAMINS & MINERALS97
7.3.1VITAMINS TO AID IN MAINTAINANCE OF AQUATIC ANIMALS AND BOOST GROWTH97
TABLE 21VITAMINS & MINERALS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)97
TABLE 22VITAMINS & MINERALS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)97
7.4PREBIOTICS & PROBIOTICS98
7.4.1PROBIOTICS & PREBIOTICS TO REGULATE GUT HEALTH OF AQUATIC ANIMALS AND DRIVE GROWTH98
TABLE 23PREBIOTICS & PROBIOTICS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)98
TABLE 24PREBIOTICS & PROBIOTICS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)98
7.5ENZYMES99
7.5.1FEED ENZYMES TO AID IN NUTRIENT ABSORPTION AND DRIVE GROWTH99
TABLE 25ENZYMES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)99
TABLE 26ENZYMES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)99
7.6ANTIBIOTICS100
7.6.1INFECTIOUS DISEASES SUCH AS COLUMNARIS AND STREPTOCOCCAL INFECTIONS IN AQUATIC ANIMALS TO LEAD TO ADOPTION OF ANTIBIOTICS100
TABLE 27ANTIBIOTICS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)100
TABLE 28ANTIBIOTICS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)101
7.7ANTIOXIDANTS101
7.7.1RISE IN DEMAND FOR FISH FEED TO DRIVE GROWTH OF ANTIOXIDANTS AS ADDITIVE101
TABLE 29ANTIOXIDANTS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)101
TABLE 30ANTIOXIDANTS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)102
7.8OTHER ADDITIVES102
TABLE 31OTHER ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)102
TABLE 32OTHER ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)103
8AQUAFEED MARKET, BY FORM104
8.1INTRODUCTION105
FIGURE 35AQUAFEED MARKET SIZE, BY FORM, 2023 VS. 2028 (USD MILLION)105
TABLE 33AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION)105
TABLE 34AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION)105
8.2DRY FORM106
8.2.1FREE-FLOWING STRUCTURE AND CONSISTENCY OF DRY AQUAFEED TO DRIVE GROWTH106
TABLE 35DRY FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)106
TABLE 36DRY FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)106
8.3WET FORM107
8.3.1WET FORM OF FEED TO MEET NUTRITIONAL REQUIREMENTS OF FISHES107
TABLE 37WET FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)107
TABLE 38WET FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)107
8.4MOIST FORM108
8.4.1MOIST FORM TO BE PALATABLE TO AQUATIC ANIMALS DUE TO ITS SOFT CONSISTENCY108
TABLE 39MOIST FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)108
TABLE 40MOIST FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)108
9AQUAFEED MARKET, BY INGREDIENT109
9.1INTRODUCTION110
FIGURE 36AQUAFEED MARKET SIZE, BY INGREDIENT, 2023 VS. 2028 (USD MILLION)110
TABLE 41AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)110
TABLE 42AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)111
TABLE 43AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)111
TABLE 44AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)111
9.2SOYBEAN112
9.2.1APPLICATION OF SOYBEAN FOR ANIMAL FEED TO BOOST MARKET112
9.2.1.1Soybean meal112
9.2.1.2Soy oil112
9.2.1.3Soy lecithin112
TABLE 45SOYBEAN: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)112
TABLE 46SOYBEAN: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)113
TABLE 47SOYBEAN: AQUAFEED MARKET, BY REGION, 2018–2022 (KT)113
TABLE 48SOYBEAN: AQUAFEED MARKET, BY REGION, 2023–2028 (KT)113
9.3FISH MEAL114
9.3.1FISHMEAL TO IMPROVE FEED EFFICIENCY OF FISHES AND PRAWNS AND DRIVE GROWTH114
TABLE 49FISH MEAL: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)114
TABLE 50FISH MEAL: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)115
TABLE 51FISH MEAL: AQUAFEED MARKET, BY REGION, 2018–2022 (KT)115
TABLE 52FISH MEAL: AQUAFEED MARKET, BY REGION, 2023–2028 (KT)115
9.4CORN116
9.4.1USAGE OF CORN OIL AS LOW-COST ALTERNATIVE IN AQUACULTURE TO DRIVE GROWTH116
9.4.1.1Corn gluten meal116
9.4.1.2Corn gluten feed116
9.4.1.3Corn oil116
TABLE 53CORN: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)117
TABLE 54CORN: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)117
TABLE 55CORN: AQUAFEED MARKET, BY REGION, 2018–2022 (KT)117
TABLE 56CORN: AQUAFEED MARKET, BY REGION, 2023–2028 (KT)118
9.5FISH OIL118
9.5.1NUTRIENT INFUSED OMEGA-3 FATTY ACIDS TO PROVIDE NUTRIENTS FOR SALMONIDS AND MARINE AND PROPEL GROWTH118
TABLE 57FISH OIL: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)119
TABLE 58FISH OIL: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)119
TABLE 59FISH OIL: AQUAFEED MARKET, BY REGION, 2018–2022 (KT)119
TABLE 60FISH OIL: AQUAFEED MARKET, BY REGION, 2023–2028 (KT)120
9.6ADDITIVES120
9.6.1GROWING DEMAND FOR HIGH-PROTEIN DIETS TO DRIVE GROWTH120
TABLE 61ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)120
TABLE 62ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)121
TABLE 63ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (KT)121
TABLE 64ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (KT)121
9.7OTHER INGREDIENTS122
TABLE 65OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)122
TABLE 66OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)122
TABLE 67OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2018–2022 (KT)123
TABLE 68OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2023–2028 (KT)123
10AQUAFEED MARKET, BY LIFECYCLE124
10.1INTRODUCTION125
FIGURE 37AQUAFEED MARKET SIZE, BY LIFECYCLE, 2023 VS. 2028 (USD MILLION)125
TABLE 69AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION)125
TABLE 70AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION)126
10.2GROWER FEED126
10.2.1GROWER FEED WITH NUTRIENT BALANCE OF PROTEINS, CARBS, AND FATS FOR FINGERLINGS TO BOOST MARKET126
TABLE 71GROWER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)126
TABLE 72GROWER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)127
10.3FINISHER FEED127
10.3.1FINISHER FEEDS TO ENHANCE PROTEIN INTAKE OF AQUATIC SPECIES127
TABLE 73FINISHER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)127
TABLE 74FINISHER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)128
10.4STARTER FEED128
10.4.1STARTER FEED TO IMPROVE DIGESTION AND NUTRITIONAL INTAKE OF SMALL AQUATIC ANIMALS128
TABLE 75STARTER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)128
TABLE 76STARTER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)129
10.5BROODER FEED129
10.5.1BOTH NATURAL AND ARTIFICIAL FEEDS TO ENSURE BETTER REPRODUCTION IN BROODERS129
TABLE 77BROODER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)129
TABLE 78BROODER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)130
11AQUAFEED MARKET, BY SPECIES131
11.1INTRODUCTION132
FIGURE 38AQUAFEED MARKET SIZE, BY SPECIES, 2023 VS. 2028 (USD MILLION)132
TABLE 79AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION)132
TABLE 80AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION)133
11.2FISH133
11.2.1FISH AS ANIMAL PROTEIN TO DRIVE DEMAND FOR AQUAFEED INGREDIENTS AMONG ALL SPECIES133
TABLE 81FISH: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)134
TABLE 82FISH: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)134
11.2.2TILAPIA134
11.2.3SALMON134
11.2.4CARP135
11.2.5TROUT135
11.2.6OTHER FISH SPECIES135
TABLE 83FISH: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION)135
TABLE 84FISH: AQUAFEED MARKET, SUB-TYPE, 2023–2028 (USD MILLION)136
11.3CRUSTACEANS136
11.3.1GROWTH IN SHRIMP PRODUCTION TO BOOST AQUAFEED CONSUMPTION AMONG CRUSTACEANS136
TABLE 85CRUSTACEANS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)137
TABLE 86CRUSTACEANS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)137
11.3.2SHRIMPS137
11.3.3CRABS137
11.3.4KRILLS137
11.3.5OTHER CRUSTACEANS138
TABLE 87CRUSTACEANS: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION)138
TABLE 88CRUSTACEANS: AQUAFEED MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)138
11.4MOLLUSKS138
11.4.1OYSTERS AND MUSSELS TO PROPEL GROWTH138
TABLE 89MOLLUSKS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)139
TABLE 90MOLLUSKS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)139
11.4.2OYSTERS139
11.4.3MUSSELS140
11.4.4OTHER MOLLUSKS140
TABLE 91MOLLUSKS: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION)140
TABLE 92MOLLUSKS: AQUAFEED MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)140
11.5OTHER SPECIES141
TABLE 93OTHER SPECIES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)141
TABLE 94OTHER SPECIES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)141
12AQUAFEED MARKET, BY REGION142
12.1INTRODUCTION143
FIGURE 39AQUAFEED MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)143
FIGURE 40VIETNAM TO BE FASTEST GROWING REGION DURING FORECAST PERIOD144
TABLE 95AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION)144
TABLE 96AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION)145
TABLE 97AQUAFEED MARKET, BY REGION, 2018–2022 (KT)145
TABLE 98AQUAFEED MARKET, BY REGION, 2023–2028 (KT)145
12.2NORTH AMERICA146
TABLE 99NORTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION)146
TABLE 100NORTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)146
TABLE 101NORTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION)147
TABLE 102NORTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION)147
TABLE 103NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)147
TABLE 104NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)148
TABLE 105NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)148
TABLE 106NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)148
TABLE 107NORTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION)149
TABLE 108NORTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION)149
TABLE 109NORTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION)149
TABLE 110NORTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION)150
TABLE 111NORTH AMERICA: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION)150
TABLE 112NORTH AMERICA: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION)150
12.2.1NORTH AMERICA: RECESSION IMPACT ANALYSIS151
FIGURE 41INFLATION: COUNTRY-LEVEL DATA (2018–2021)151
FIGURE 42NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2022152
12.2.2US152
12.2.2.1Increasing aquaculture production and consumption to drive growth152
TABLE 113US: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)153
TABLE 114US: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)153
TABLE 115US: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)154
TABLE 116US: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)154
12.2.3MEXICO154
12.2.3.1Government initiatives to promote consumption of seafood and drive growth154
TABLE 117MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)155
TABLE 118MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)155
TABLE 119MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)156
TABLE 120MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)156
12.2.4CANADA156
12.2.4.1Rise in market exports to promote aquafeed market156
TABLE 121CANADA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)157
TABLE 122CANADA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)157
TABLE 123CANADA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)158
TABLE 124CANADA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)158
12.3EUROPE158
FIGURE 43EUROPE: AQUAFEED MARKET SNAPSHOT, 2022159
TABLE 125EUROPE: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION)160
TABLE 126EUROPE: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)160
TABLE 127EUROPE: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION)160
TABLE 128EUROPE: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION)161
TABLE 129EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)161
TABLE 130EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)161
TABLE 131EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)162
TABLE 132EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)162
TABLE 133EUROPE: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION)162
TABLE 134EUROPE: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION)163
TABLE 135EUROPE: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION)163
TABLE 136EUROPE: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION)163
TABLE 137EUROPE: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION)164
TABLE 138EUROPE: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION)164
12.3.1EUROPE: RECESSION IMPACT ANALYSIS164
FIGURE 44EUROPE: INFLATION RATES, BY KEY COUNTRY, 2017–2021165
FIGURE 45EUROPE: RECESSION IMPACT ANALYSIS, 2022166
12.3.2NORWAY166
12.3.2.1Research and development activities related to aquafeed to drive growth166
TABLE 139NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)167
TABLE 140NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)168
TABLE 141NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)168
TABLE 142NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)168
12.3.3GREECE169
12.3.3.1Increase in seafood production to boost growth169
TABLE 143GREECE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)169
TABLE 144GREECE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)170
TABLE 145GREECE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)170
TABLE 146GREECE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)170
12.3.4UK171
12.3.4.1Rise in seafood consumption coupled with aquaculture trading to propel growth171
TABLE 147UK: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)171
TABLE 148UK: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)172
TABLE 149UK: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)172
TABLE 150UK: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)172
12.3.5RUSSIA173
12.3.5.1Government initiatives to propel market173
TABLE 151RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)173
TABLE 152RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)174
TABLE 153RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)174
TABLE 154RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)174
12.3.6SPAIN175
12.3.6.1Seafood trading with other countries along with country’s vast mollusk population to raise demand175
TABLE 155SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)175
TABLE 156SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)176
TABLE 157SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)176
TABLE 158SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)176
12.3.7REST OF EUROPE177
TABLE 159REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)177
TABLE 160REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)177
TABLE 161REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)178
TABLE 162REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)178
12.4ASIA PACIFIC178
FIGURE 46ASIA PACIFIC: AQUAFEED MARKET SNAPSHOT, 2022179
FIGURE 47CHINA PROJECTED TO GROW FASTEST DURING FORECAST PERIOD180
TABLE 163ASIA PACIFIC: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION)180
TABLE 164ASIA PACIFIC: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)180
TABLE 165ASIA PACIFIC: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION)181
TABLE 166ASIA PACIFIC: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION)181
TABLE 167ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)181
TABLE 168ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)182
TABLE 169AISA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)182
TABLE 170ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)182
TABLE 171ASIA PACIFIC: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION)183
TABLE 172ASIA PACIFIC: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION)183
TABLE 173ASIA PACIFIC: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION)183
TABLE 174ASIA PACIFIC: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION)184
TABLE 175ASIA PACIFIC: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION)184
TABLE 176ASIA PACIFIC: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION)184
12.4.1ASIA PACIFIC: RECESSION IMPACT ANALYSIS185
FIGURE 48ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2021185
FIGURE 49ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2022186
12.4.2CHINA186
12.4.2.1Growth in aquaculture industry to propel market growth186
TABLE 177CHINA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)187
TABLE 178CHINA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)187
TABLE 179CHINA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)188
TABLE 180CHINA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)188
12.4.3VIETNAM188
12.4.3.1Increased production and trading of shrimps and other seafood products to boost market188
TABLE 181VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)189
TABLE 182VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)189
TABLE 183VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)190
TABLE 184VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)190
12.4.4THAILAND190
12.4.4.1Rise in demand for exotic seafood products to drive market190
TABLE 185THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)191
TABLE 186THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)191
TABLE 187THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)192
TABLE 188THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)192
12.4.5INDONESIA192
12.4.5.1Maintenance of wellbeing of aquatic animals to drive demand for aquafeed192
TABLE 189INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)193
TABLE 190INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)193
TABLE 191INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)193
TABLE 192INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)194
12.4.6INDIA194
12.4.6.1Shift toward intensive aquafarming to propel market growth194
TABLE 193INDIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)195
TABLE 194INDIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)195
TABLE 195INDIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)195
TABLE 196INDIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)196
12.4.7REST OF ASIA PACIFIC196
12.4.7.1Seafood to be healthy dietary constituent and drive growth196
TABLE 197REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)197
TABLE 198REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)197
TABLE 199REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)197
TABLE 200REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)198
12.5SOUTH AMERICA198
12.5.1SOUTH AMERICA: RECESSION IMPACT ANALYSIS198
FIGURE 50SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2021199
FIGURE 51SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022200
TABLE 201SOUTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION)200
TABLE 202SOUTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)201
TABLE 203SOUTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION)201
TABLE 204SOUTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION)201
TABLE 205SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)202
TABLE 206SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)202
TABLE 207SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)202
TABLE 208SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)203
TABLE 209SOUTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION)203
TABLE 210SOUTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION)203
TABLE 211SOUTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION)204
TABLE 212SOUTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION)204
TABLE 213SOUTH AMERICA: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION)204
TABLE 214SOUTH AMERICA: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION)204
12.5.2CHILE205
12.5.2.1Suitable climatic conditions in large fish farms to drive growth205
TABLE 215CHILE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)205
TABLE 216CHILE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)205
TABLE 217CHILE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)206
TABLE 218CHILE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)206
12.5.3BRAZIL207
12.5.3.1Favorable government opportunities formulated to propel growth207
TABLE 219BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)207
TABLE 220BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)208
TABLE 221BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)208
TABLE 222BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)208
12.5.4REST OF SOUTH AMERICA209
TABLE 223REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)209
TABLE 224REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)209
TABLE 225REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)210
TABLE 226REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)210
12.6REST OF THE WORLD (ROW)210
12.6.1RECESSION IMPACT ANALYSIS, REST OF THE WORLD (ROW)211
FIGURE 52ROW: INFLATION RATES, BY KEY COUNTRY, 2018–2021211
FIGURE 53ROW: RECESSION IMPACT ANALYSIS, 2022212
TABLE 227ROW: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION)212
TABLE 228ROW: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)213
TABLE 229ROW: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION)213
TABLE 230ROW: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION)213
TABLE 231ROW: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)214
TABLE 232ROW: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)214
TABLE 233ROW: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)214
TABLE 234ROW: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)215
TABLE 235ROW: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION)215
TABLE 236ROW: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION)215
TABLE 237ROW: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION)216
TABLE 238ROW: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION)216
TABLE 239ROW: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION)216
TABLE 240ROW: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION)216
12.6.2AFRICA217
12.6.2.1Lack of infrastructure and poor access to market to decrease aquaculture activity217
TABLE 241AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)217
TABLE 242AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)217
TABLE 243AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)218
TABLE 244AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)218
12.6.3MIDDLE EAST218
12.6.3.1Rise in demand for value-added processed seafood products to drive growth218
TABLE 245MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION)219
TABLE 246MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION)219
TABLE 247MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT)219
TABLE 248MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT)220
13COMPETITIVE LANDSCAPE221
13.1OVERVIEW221
13.2MARKET SHARE ANALYSIS, 2022222
TABLE 249AQUAFEED MARKET: DEGREE OF COMPETITION222
13.3STRATEGIES ADOPTED BY KEY PLAYERS223
TABLE 250STRATEGIES ADOPTED BY KEY PLAYERS223
13.4SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS225
FIGURE 54SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2018–2022 (USD BILLION)225
13.5COMPANY EVALUATION MATRIX (KEY PLAYERS)226
13.5.1STARS226
13.5.2EMERGING LEADERS226
13.5.3PERVASIVE PLAYERS226
13.5.4PARTICIPANTS227
FIGURE 55AQUAFEED MARKET: COMPANY EVALUATION MATRIX, 2022