1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
FIGURE 1 MARKET SEGMENTATION 26
1.3.1 REGIONS COVERED 27
1.3.2 INCLUSIONS & EXCLUSIONS 27
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 29
TABLE 1 USD EXCHANGE RATES, 2018–2022 29
1.5 STAKEHOLDERS 29
1.6 SUMMARY OF CHANGES 30
1.6.1 RECESSION IMPACT ANALYSIS 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 AQUAFEED MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
2.1.2.1 Key data from primary sources 33
2.1.2.2 Key industry insights 34
2.1.2.3 Breakdown of primaries 34
2.2 MARKET SIZE ESTIMATION 35
2.2.1 APPROACH ONE: TOP-DOWN 35
FIGURE 3 AQUAFEED MARKET SIZE ESTIMATION – TOP-DOWN APPROACH 36
2.2.2 APPROACH TWO: BOTTOM-UP 36
FIGURE 4 AQUAFEED MARKET SIZE ESTIMATION – BOTTOM-UP APPROACH 37
2.2.3 AQUAFEED MARKET SIZE ESTIMATION: SUPPLY SIDE 37
FIGURE 5 AQUAFEED MARKET SIZE ESTIMATION (SUPPLY SIDE) 38
2.2.4 AQUAFEED MARKET SIZE ESTIMATION: DEMAND SIDE 38
FIGURE 6 AQUAFEED MARKET SIZE ESTIMATION (DEMAND SIDE) 38
2.3 DATA TRIANGULATION 39
FIGURE 7 DATA TRIANGULATION METHODOLOGY 39
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 40
2.4.1 ASSUMPTIONS 40
TABLE 2 ASSUMPTIONS 40
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 41
2.6 RECESSION IMPACT ON AQUAFEED MARKET 41
2.6.1 MACRO INDICATORS OF RECESSION 41
FIGURE 8 INDICATORS OF RECESSION 42
FIGURE 9 WORLD INFLATION RATE: 2011-2021 42
FIGURE 10 GLOBAL GDP: 2011-2021 (USD TRILLION) 43
FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON AQUAFEED MARKET 44
FIGURE 12 GLOBAL AQUAFEED MARKET: EARLIER FORECAST VS. RECESSION FORECAST 45
3 EXECUTIVE SUMMARY 46
TABLE 3 AQUAFEED MARKET SNAPSHOT (VALUE), 2023 VS. 2028 47
FIGURE 13 AQUAFEED MARKET SIZE, BY INGREDIENT, 2023 VS. 2028 (USD MILLION) 48
FIGURE 14 AQUAFEED MARKET SIZE, BY LIFECYCLE, 2023 VS. 2028 (USD MILLION) 48
FIGURE 15 AQUAFEED MARKET SIZE, BY FORM, 2023 VS. 2028 (USD MILLION) 49
FIGURE 16 AQUAFEED MARKET SIZE, BY ADDITIVE, 2023 VS. 2028 (USD MILLION) 49
FIGURE 17 AQUAFEED MARKET SIZE, BY SPECIES, 2023 VS. 2028 (USD MILLION) 50
FIGURE 18 AQUAFEED MARKET SHARE (VALUE), BY REGION, 2022 50
4 PREMIUM INSIGHTS 52
4.1 BRIEF OVERVIEW OF AQUAFEED MARKET 52
FIGURE 19 INCREASING TRADE OF SEAFOOD TO PROPEL MARKET GROWTH 52
4.2 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT AND COUNTRY 53
FIGURE 20 CHINA ACCOUNTED FOR LARGEST SHARE IN 2022 53
4.3 AQUAFEED MARKET, BY LIFECYCLE AND REGION, 2022 53
FIGURE 21 GROWER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 53
4.4 AQUAFEED MARKET, BY FORM 54
FIGURE 22 DRY FORM DOMINATED MARKET IN 2022 54
4.5 AQUAFEED MARKET: MAJOR REGIONAL SUBMARKETS 54
FIGURE 23 CHINA DOMINATED MARKET IN 2022 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
FIGURE 24 GLOBAL POPULATION, 2010-2021 56
5.2 MARKET DYNAMICS 56
FIGURE 25 AQUAFEED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 56
5.2.1 DRIVERS 57
5.2.1.1 Growth in aquaculture industry 57
TABLE 4 GLOBAL AQUACULTURE PRODUCTION, 2013–2018 (MILLION TONNES) 57
5.2.1.2 Rise in seafood trade to propel demand 57
5.2.1.3 Increase in consumption of fish 58
5.2.2 RESTRAINTS 59
5.2.2.1 Lack of awareness about modern feeding methods in developing countries 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Growth in support from governments 60
5.2.3.2 Development of innovative products as source of protein 60
5.2.4 CHALLENGES 61
5.2.4.1 Growth in environmental and human health concerns 61
5.2.4.2 Disease outbreaks and disease prevention measures 61
6 INDUSTRY TRENDS 63
6.1 INTRODUCTION 63
6.2 VALUE CHAIN ANALYSIS 63
6.2.1 RESEARCH AND DEVELOPMENT 64
6.2.2 PROCUREMENT 64
6.2.3 MANUFACTURING/PRODUCTION 64
6.2.4 DISTRIBUTION 64
6.2.5 MARKETING AND SALES 64
6.2.6 END USER 64
FIGURE 26 AQUAFEED MARKET: VALUE CHAIN ANALYSIS 65
6.3 PRICING ANALYSIS: AQUAFEED MARKET, BY INGREDIENT 65
TABLE 5 AVERAGE SELLING PRICE, BY INGREDIENT, 2018–2022 (USD/KT) 65
6.4 ECOSYSTEM MAP 66
6.4.1 AQUAFEED MARKET: ECOSYSTEM VIEW 66
6.4.2 AQUAFEED MARKET MAP 67
6.4.2.1 Upstream 67
6.4.2.1.1 Aquafeed manufacturers 67
6.4.2.1.2 Raw material providers 68
6.4.2.1.3 Academia and research institutes 68
6.4.2.2 Downstream 68
6.4.2.2.1 Retailers and distributors 68
6.5 TRENDS/DISRUPTIONS IMPACTING CONSUMER’S BUSINESS 69
FIGURE 27 REVENUE SHIFT FOR AQUAFEED MARKET 69
6.6 PATENT ANALYSIS 70
FIGURE 28 REGIONAL ANALYSIS OF PATENTS GRANTED 70
FIGURE 29 ANALYSIS OF PATENTS GRANTED, 2012–2022 71
TABLE 6 KEY PATENTS PERTAINING TO DISINFECTANTS IN LIVESTOCK, 2022–23 72
6.7 TRADE ANALYSIS 73
TABLE 7 KEY EXPORTING COUNTRIES OF AQUAFEED, 2022 (USD MILLION) 73
FIGURE 30 AQUAFEED EXPORT, BY KEY COUNTRY, 2018–2022 (USD MILLION) 73
TABLE 8 KEY IMPORTING COUNTRIES OF AQUAFEED, 2022 (USD MILLION) 74
FIGURE 31 AQUAFEED IMPORT, BY KEY COUNTRY, 2018–2022 (USD MILLION) 74
6.8 TARIFF AND REGULATORY LANDSCAPE 74
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 12 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
6.9 REGULATORY FRAMEWORK 77
6.9.1 INTRODUCTION 77
6.9.2 NORTH AMERICA 77
6.9.2.1 US 77
6.9.2.2 Canada 78
6.9.2.3 Mexico 80
6.9.3 EUROPE 81
6.9.4 ASIA PACIFIC 81
6.9.4.1 China 81
6.9.5 JAPAN 82
6.9.5.1 India 84
6.9.5.2 Australia 85
6.9.6 SOUTH AMERICA 87
6.9.6.1 Brazil 87
6.10 TECHNOLOGY ANALYSIS 87
6.10.1 NUTRIENT ENCAPSULATION 87
6.10.2 3 D PRINTING 87
6.11 PORTER’S FIVE FORCES ANALYSIS 88
TABLE 13 AQUAFEEDS MARKET: PORTER’S FIVE FORCES ANALYSIS 88
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 88
6.11.2 BARGAINING POWER OF SUPPLIERS 88
6.11.3 BARGAINING POWER OF BUYERS 88
6.11.4 THREAT OF SUBSTITUTES 89
6.11.5 THREAT OF NEW ENTRANTS 89
6.12 KEY STAKEHOLDERS & BUYING CRITERIA 89
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 90
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 90
TABLE 14 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE TYPES OF AQUAFEED (%) 90
6.12.2 BUYING CRITERIA 90
FIGURE 33 KEY BUYING CRITERIA FOR SPECIES 91
TABLE 15 KEY BUYING CRITERIA FOR TOP THREE TYPES OF AQUAFEED 91
6.13 CASE STUDY 92
6.13.1 AVANTI FEEDS LIMITED: REVOLUTIONIZING AQUAFEED INDUSTRY IN INDIA 92
TABLE 16 REVOLUTIONIZING INDIA’S AQUAFEED INDUSTRY: AVANTI FEEDS LIMITED’S COLLABORATIVE APPROACH AND TECHNOLOGICAL ADVANCEMENTS 92
7 AQUAFEED MARKET, BY ADDITIVE 93
7.1 INTRODUCTION 94
FIGURE 34 AQUAFEED MARKET SIZE, BY ADDITIVE, 2023 VS. 2028 (USD MILLION) 94
TABLE 17 AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 95
TABLE 18 AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 95
7.2 AMINO ACIDS 96
7.2.1 AMINO ACIDS TO OVERCOME DIETARY DEFICIENCIES AND DRIVE GROWTH 96
TABLE 19 AMINO ACIDS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 96
TABLE 20 AMINO ACIDS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 96
7.3 VITAMINS & MINERALS 97
7.3.1 VITAMINS TO AID IN MAINTAINANCE OF AQUATIC ANIMALS AND BOOST GROWTH 97
TABLE 21 VITAMINS & MINERALS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 97
TABLE 22 VITAMINS & MINERALS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 97
7.4 PREBIOTICS & PROBIOTICS 98
7.4.1 PROBIOTICS & PREBIOTICS TO REGULATE GUT HEALTH OF AQUATIC ANIMALS AND DRIVE GROWTH 98
TABLE 23 PREBIOTICS & PROBIOTICS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 98
TABLE 24 PREBIOTICS & PROBIOTICS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 98
7.5 ENZYMES 99
7.5.1 FEED ENZYMES TO AID IN NUTRIENT ABSORPTION AND DRIVE GROWTH 99
TABLE 25 ENZYMES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 26 ENZYMES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 99
7.6 ANTIBIOTICS 100
7.6.1 INFECTIOUS DISEASES SUCH AS COLUMNARIS AND STREPTOCOCCAL INFECTIONS IN AQUATIC ANIMALS TO LEAD TO ADOPTION OF ANTIBIOTICS 100
TABLE 27 ANTIBIOTICS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 100
TABLE 28 ANTIBIOTICS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 101
7.7 ANTIOXIDANTS 101
7.7.1 RISE IN DEMAND FOR FISH FEED TO DRIVE GROWTH OF ANTIOXIDANTS AS ADDITIVE 101
TABLE 29 ANTIOXIDANTS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 30 ANTIOXIDANTS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 102
7.8 OTHER ADDITIVES 102
TABLE 31 OTHER ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 102
TABLE 32 OTHER ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 103
8 AQUAFEED MARKET, BY FORM 104
8.1 INTRODUCTION 105
FIGURE 35 AQUAFEED MARKET SIZE, BY FORM, 2023 VS. 2028 (USD MILLION) 105
TABLE 33 AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 105
TABLE 34 AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 105
8.2 DRY FORM 106
8.2.1 FREE-FLOWING STRUCTURE AND CONSISTENCY OF DRY AQUAFEED TO DRIVE GROWTH 106
TABLE 35 DRY FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 106
TABLE 36 DRY FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 106
8.3 WET FORM 107
8.3.1 WET FORM OF FEED TO MEET NUTRITIONAL REQUIREMENTS OF FISHES 107
TABLE 37 WET FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 107
TABLE 38 WET FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 107
8.4 MOIST FORM 108
8.4.1 MOIST FORM TO BE PALATABLE TO AQUATIC ANIMALS DUE TO ITS SOFT CONSISTENCY 108
TABLE 39 MOIST FORM: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 108
TABLE 40 MOIST FORM: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 108
9 AQUAFEED MARKET, BY INGREDIENT 109
9.1 INTRODUCTION 110
FIGURE 36 AQUAFEED MARKET SIZE, BY INGREDIENT, 2023 VS. 2028 (USD MILLION) 110
TABLE 41 AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 110
TABLE 42 AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 111
TABLE 43 AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 111
TABLE 44 AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 111
9.2 SOYBEAN 112
9.2.1 APPLICATION OF SOYBEAN FOR ANIMAL FEED TO BOOST MARKET 112
9.2.1.1 Soybean meal 112
9.2.1.2 Soy oil 112
9.2.1.3 Soy lecithin 112
TABLE 45 SOYBEAN: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 112
TABLE 46 SOYBEAN: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 113
TABLE 47 SOYBEAN: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 113
TABLE 48 SOYBEAN: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 113
9.3 FISH MEAL 114
9.3.1 FISHMEAL TO IMPROVE FEED EFFICIENCY OF FISHES AND PRAWNS AND DRIVE GROWTH 114
TABLE 49 FISH MEAL: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 114
TABLE 50 FISH MEAL: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 115
TABLE 51 FISH MEAL: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 115
TABLE 52 FISH MEAL: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 115
9.4 CORN 116
9.4.1 USAGE OF CORN OIL AS LOW-COST ALTERNATIVE IN AQUACULTURE TO DRIVE GROWTH 116
9.4.1.1 Corn gluten meal 116
9.4.1.2 Corn gluten feed 116
9.4.1.3 Corn oil 116
TABLE 53 CORN: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 54 CORN: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 117
TABLE 55 CORN: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 117
TABLE 56 CORN: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 118
9.5 FISH OIL 118
9.5.1 NUTRIENT INFUSED OMEGA-3 FATTY ACIDS TO PROVIDE NUTRIENTS FOR SALMONIDS AND MARINE AND PROPEL GROWTH 118
TABLE 57 FISH OIL: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 58 FISH OIL: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 119
TABLE 59 FISH OIL: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 119
TABLE 60 FISH OIL: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 120
9.6 ADDITIVES 120
9.6.1 GROWING DEMAND FOR HIGH-PROTEIN DIETS TO DRIVE GROWTH 120
TABLE 61 ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 62 ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 121
TABLE 63 ADDITIVES: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 121
TABLE 64 ADDITIVES: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 121
9.7 OTHER INGREDIENTS 122
TABLE 65 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 66 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 67 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 123
TABLE 68 OTHER INGREDIENTS: AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 123
10 AQUAFEED MARKET, BY LIFECYCLE 124
10.1 INTRODUCTION 125
FIGURE 37 AQUAFEED MARKET SIZE, BY LIFECYCLE, 2023 VS. 2028 (USD MILLION) 125
TABLE 69 AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 125
TABLE 70 AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 126
10.2 GROWER FEED 126
10.2.1 GROWER FEED WITH NUTRIENT BALANCE OF PROTEINS, CARBS, AND FATS FOR FINGERLINGS TO BOOST MARKET 126
TABLE 71 GROWER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 72 GROWER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 127
10.3 FINISHER FEED 127
10.3.1 FINISHER FEEDS TO ENHANCE PROTEIN INTAKE OF AQUATIC SPECIES 127
TABLE 73 FINISHER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 74 FINISHER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 128
10.4 STARTER FEED 128
10.4.1 STARTER FEED TO IMPROVE DIGESTION AND NUTRITIONAL INTAKE OF SMALL AQUATIC ANIMALS 128
TABLE 75 STARTER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 128
TABLE 76 STARTER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 129
10.5 BROODER FEED 129
10.5.1 BOTH NATURAL AND ARTIFICIAL FEEDS TO ENSURE BETTER REPRODUCTION IN BROODERS 129
TABLE 77 BROODER FEED: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 78 BROODER FEED: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 130
11 AQUAFEED MARKET, BY SPECIES 131
11.1 INTRODUCTION 132
FIGURE 38 AQUAFEED MARKET SIZE, BY SPECIES, 2023 VS. 2028 (USD MILLION) 132
TABLE 79 AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 132
TABLE 80 AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 133
11.2 FISH 133
11.2.1 FISH AS ANIMAL PROTEIN TO DRIVE DEMAND FOR AQUAFEED INGREDIENTS AMONG ALL SPECIES 133
TABLE 81 FISH: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 82 FISH: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 134
11.2.2 TILAPIA 134
11.2.3 SALMON 134
11.2.4 CARP 135
11.2.5 TROUT 135
11.2.6 OTHER FISH SPECIES 135
TABLE 83 FISH: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION) 135
TABLE 84 FISH: AQUAFEED MARKET, SUB-TYPE, 2023–2028 (USD MILLION) 136
11.3 CRUSTACEANS 136
11.3.1 GROWTH IN SHRIMP PRODUCTION TO BOOST AQUAFEED CONSUMPTION AMONG CRUSTACEANS 136
TABLE 85 CRUSTACEANS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 137
TABLE 86 CRUSTACEANS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 137
11.3.2 SHRIMPS 137
11.3.3 CRABS 137
11.3.4 KRILLS 137
11.3.5 OTHER CRUSTACEANS 138
TABLE 87 CRUSTACEANS: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION) 138
TABLE 88 CRUSTACEANS: AQUAFEED MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 138
11.4 MOLLUSKS 138
11.4.1 OYSTERS AND MUSSELS TO PROPEL GROWTH 138
TABLE 89 MOLLUSKS: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 139
TABLE 90 MOLLUSKS: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 139
11.4.2 OYSTERS 139
11.4.3 MUSSELS 140
11.4.4 OTHER MOLLUSKS 140
TABLE 91 MOLLUSKS: AQUAFEED MARKET, BY SUB-TYPE, 2018–2022 (USD MILLION) 140
TABLE 92 MOLLUSKS: AQUAFEED MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 140
11.5 OTHER SPECIES 141
TABLE 93 OTHER SPECIES: AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 141
TABLE 94 OTHER SPECIES: AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 141
12 AQUAFEED MARKET, BY REGION 142
12.1 INTRODUCTION 143
FIGURE 39 AQUAFEED MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 143
FIGURE 40 VIETNAM TO BE FASTEST GROWING REGION DURING FORECAST PERIOD 144
TABLE 95 AQUAFEED MARKET, BY REGION, 2018–2022 (USD MILLION) 144
TABLE 96 AQUAFEED MARKET, BY REGION, 2023–2028 (USD MILLION) 145
TABLE 97 AQUAFEED MARKET, BY REGION, 2018–2022 (KT) 145
TABLE 98 AQUAFEED MARKET, BY REGION, 2023–2028 (KT) 145
12.2 NORTH AMERICA 146
TABLE 99 NORTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 146
TABLE 100 NORTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 146
TABLE 101 NORTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 147
TABLE 102 NORTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 147
TABLE 103 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 147
TABLE 104 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 148
TABLE 105 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 148
TABLE 106 NORTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 148
TABLE 107 NORTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 149
TABLE 108 NORTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 149
TABLE 109 NORTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 149
TABLE 110 NORTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 150
TABLE 111 NORTH AMERICA: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 150
TABLE 112 NORTH AMERICA: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 150
12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 151
FIGURE 41 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 151
FIGURE 42 NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 152
12.2.2 US 152
12.2.2.1 Increasing aquaculture production and consumption to drive growth 152
TABLE 113 US: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 153
TABLE 114 US: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 153
TABLE 115 US: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 154
TABLE 116 US: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 154
12.2.3 MEXICO 154
12.2.3.1 Government initiatives to promote consumption of seafood and drive growth 154
TABLE 117 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 155
TABLE 118 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 155
TABLE 119 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 156
TABLE 120 MEXICO: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 156
12.2.4 CANADA 156
12.2.4.1 Rise in market exports to promote aquafeed market 156
TABLE 121 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 157
TABLE 122 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 157
TABLE 123 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 158
TABLE 124 CANADA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 158
12.3 EUROPE 158
FIGURE 43 EUROPE: AQUAFEED MARKET SNAPSHOT, 2022 159
TABLE 125 EUROPE: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 160
TABLE 126 EUROPE: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 160
TABLE 127 EUROPE: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 160
TABLE 128 EUROPE: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 161
TABLE 129 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 161
TABLE 130 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 161
TABLE 131 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 162
TABLE 132 EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 162
TABLE 133 EUROPE: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 162
TABLE 134 EUROPE: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 163
TABLE 135 EUROPE: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 163
TABLE 136 EUROPE: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 163
TABLE 137 EUROPE: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 164
TABLE 138 EUROPE: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 164
12.3.1 EUROPE: RECESSION IMPACT ANALYSIS 164
FIGURE 44 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2017–2021 165
FIGURE 45 EUROPE: RECESSION IMPACT ANALYSIS, 2022 166
12.3.2 NORWAY 166
12.3.2.1 Research and development activities related to aquafeed to drive growth 166
TABLE 139 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 167
TABLE 140 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 168
TABLE 141 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 168
TABLE 142 NORWAY: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 168
12.3.3 GREECE 169
12.3.3.1 Increase in seafood production to boost growth 169
TABLE 143 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 169
TABLE 144 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 170
TABLE 145 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 170
TABLE 146 GREECE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 170
12.3.4 UK 171
12.3.4.1 Rise in seafood consumption coupled with aquaculture trading to propel growth 171
TABLE 147 UK: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 171
TABLE 148 UK: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 172
TABLE 149 UK: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 172
TABLE 150 UK: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 172
12.3.5 RUSSIA 173
12.3.5.1 Government initiatives to propel market 173
TABLE 151 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 173
TABLE 152 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 174
TABLE 153 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 174
TABLE 154 RUSSIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 174
12.3.6 SPAIN 175
12.3.6.1 Seafood trading with other countries along with country’s vast mollusk population to raise demand 175
TABLE 155 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 175
TABLE 156 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 176
TABLE 157 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 176
TABLE 158 SPAIN: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 176
12.3.7 REST OF EUROPE 177
TABLE 159 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 177
TABLE 160 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 177
TABLE 161 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 178
TABLE 162 REST OF EUROPE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 178
12.4 ASIA PACIFIC 178
FIGURE 46 ASIA PACIFIC: AQUAFEED MARKET SNAPSHOT, 2022 179
FIGURE 47 CHINA PROJECTED TO GROW FASTEST DURING FORECAST PERIOD 180
TABLE 163 ASIA PACIFIC: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 180
TABLE 164 ASIA PACIFIC: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 180
TABLE 165 ASIA PACIFIC: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 181
TABLE 166 ASIA PACIFIC: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 181
TABLE 167 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 181
TABLE 168 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 182
TABLE 169 AISA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 182
TABLE 170 ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 182
TABLE 171 ASIA PACIFIC: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 183
TABLE 172 ASIA PACIFIC: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 183
TABLE 173 ASIA PACIFIC: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 183
TABLE 174 ASIA PACIFIC: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 184
TABLE 175 ASIA PACIFIC: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 184
TABLE 176 ASIA PACIFIC: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 184
12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 185
FIGURE 48 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2021 185
FIGURE 49 ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2022 186
12.4.2 CHINA 186
12.4.2.1 Growth in aquaculture industry to propel market growth 186
TABLE 177 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 187
TABLE 178 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 187
TABLE 179 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 188
TABLE 180 CHINA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 188
12.4.3 VIETNAM 188
12.4.3.1 Increased production and trading of shrimps and other seafood products to boost market 188
TABLE 181 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 189
TABLE 182 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 189
TABLE 183 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 190
TABLE 184 VIETNAM: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 190
12.4.4 THAILAND 190
12.4.4.1 Rise in demand for exotic seafood products to drive market 190
TABLE 185 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 191
TABLE 186 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 191
TABLE 187 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 192
TABLE 188 THAILAND: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 192
12.4.5 INDONESIA 192
12.4.5.1 Maintenance of wellbeing of aquatic animals to drive demand for aquafeed 192
TABLE 189 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 193
TABLE 190 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 193
TABLE 191 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 193
TABLE 192 INDONESIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 194
12.4.6 INDIA 194
12.4.6.1 Shift toward intensive aquafarming to propel market growth 194
TABLE 193 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 195
TABLE 194 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 195
TABLE 195 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 195
TABLE 196 INDIA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 196
12.4.7 REST OF ASIA PACIFIC 196
12.4.7.1 Seafood to be healthy dietary constituent and drive growth 196
TABLE 197 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 197
TABLE 198 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 197
TABLE 199 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 197
TABLE 200 REST OF ASIA PACIFIC: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 198
12.5 SOUTH AMERICA 198
12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 198
FIGURE 50 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2021 199
FIGURE 51 SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 200
TABLE 201 SOUTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 200
TABLE 202 SOUTH AMERICA: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 201
TABLE 203 SOUTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 201
TABLE 204 SOUTH AMERICA: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 201
TABLE 205 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 202
TABLE 206 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 202
TABLE 207 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 202
TABLE 208 SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 203
TABLE 209 SOUTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 203
TABLE 210 SOUTH AMERICA: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 203
TABLE 211 SOUTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 204
TABLE 212 SOUTH AMERICA: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 204
TABLE 213 SOUTH AMERICA: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 204
TABLE 214 SOUTH AMERICA: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 204
12.5.2 CHILE 205
12.5.2.1 Suitable climatic conditions in large fish farms to drive growth 205
TABLE 215 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 205
TABLE 216 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 205
TABLE 217 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 206
TABLE 218 CHILE: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 206
12.5.3 BRAZIL 207
12.5.3.1 Favorable government opportunities formulated to propel growth 207
TABLE 219 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 207
TABLE 220 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 208
TABLE 221 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 208
TABLE 222 BRAZIL: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 208
12.5.4 REST OF SOUTH AMERICA 209
TABLE 223 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 209
TABLE 224 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 209
TABLE 225 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 210
TABLE 226 REST OF SOUTH AMERICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 210
12.6 REST OF THE WORLD (ROW) 210
12.6.1 RECESSION IMPACT ANALYSIS, REST OF THE WORLD (ROW) 211
FIGURE 52 ROW: INFLATION RATES, BY KEY COUNTRY, 2018–2021 211
FIGURE 53 ROW: RECESSION IMPACT ANALYSIS, 2022 212
TABLE 227 ROW: AQUAFEED MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 212
TABLE 228 ROW: AQUAFEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 213
TABLE 229 ROW: AQUAFEED MARKET, BY SPECIES, 2018–2022 (USD MILLION) 213
TABLE 230 ROW: AQUAFEED MARKET, BY SPECIES, 2023–2028 (USD MILLION) 213
TABLE 231 ROW: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 214
TABLE 232 ROW: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 214
TABLE 233 ROW: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 214
TABLE 234 ROW: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 215
TABLE 235 ROW: AQUAFEED MARKET, BY ADDITIVE, 2018–2022 (USD MILLION) 215
TABLE 236 ROW: AQUAFEED MARKET, BY ADDITIVE, 2023–2028 (USD MILLION) 215
TABLE 237 ROW: AQUAFEED MARKET, BY LIFECYCLE, 2018–2022 (USD MILLION) 216
TABLE 238 ROW: AQUAFEED MARKET, BY LIFECYCLE, 2023–2028 (USD MILLION) 216
TABLE 239 ROW: AQUAFEED MARKET, BY FORM, 2018–2022 (USD MILLION) 216
TABLE 240 ROW: AQUAFEED MARKET, BY FORM, 2023–2028 (USD MILLION) 216
12.6.2 AFRICA 217
12.6.2.1 Lack of infrastructure and poor access to market to decrease aquaculture activity 217
TABLE 241 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 217
TABLE 242 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 217
TABLE 243 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 218
TABLE 244 AFRICA: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 218
12.6.3 MIDDLE EAST 218
12.6.3.1 Rise in demand for value-added processed seafood products to drive growth 218
TABLE 245 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (USD MILLION) 219
TABLE 246 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (USD MILLION) 219
TABLE 247 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2018–2022 (KT) 219
TABLE 248 MIDDLE EAST: AQUAFEED MARKET, BY INGREDIENT, 2023–2028 (KT) 220
13 COMPETITIVE LANDSCAPE 221
13.1 OVERVIEW 221
13.2 MARKET SHARE ANALYSIS, 2022 222
TABLE 249 AQUAFEED MARKET: DEGREE OF COMPETITION 222
13.3 STRATEGIES ADOPTED BY KEY PLAYERS 223
TABLE 250 STRATEGIES ADOPTED BY KEY PLAYERS 223
13.4 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 225
FIGURE 54 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2018–2022 (USD BILLION) 225
13.5 COMPANY EVALUATION MATRIX (KEY PLAYERS) 226
13.5.1 STARS 226
13.5.2 EMERGING LEADERS 226
13.5.3 PERVASIVE PLAYERS 226
13.5.4 PARTICIPANTS 227
FIGURE 55 AQUAFEED MARKET: COMPANY EVALUATION MATRIX, 2022 (KEY PLAYERS) 227
13.5.5 PRODUCT FOOTPRINT 228
TABLE 251 COMPANY FOOTPRINT, BY SPECIES 228
TABLE 252 COMPANY FOOTPRINT, BY FORM 228
TABLE 253 COMPANY FOOTPRINT, BY REGION 229
TABLE 254 OVERALL, COMPANY FOOTPRINT 230
13.6.1 PROGRESSIVE COMPANIES 231
13.6.2 STARTING BLOCKS 231
13.6.3 RESPONSIVE COMPANIES 231
13.6.4 DYNAMIC COMPANIES 231
FIGURE 56 AQUAFEED MARKET: COMPANY EVALUATION MATRIX, 2022 (STARTUPS/SMES) 232
13.6.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 233
TABLE 255 AQUAFEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES 233
TABLE 256 AQUAFEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 234
13.7 COMPETITIVE SCENARIO 235
13.7.1 PRODUCT LAUNCHES 235
TABLE 257 AQUAFEED MARKET: PRODUCT LAUNCHES 235
13.7.2 DEALS 235
TABLE 258 AQUAFEED MARKET: DEALS 235
13.7.3 OTHERS 237
TABLE 259 AQUAFEED MARKET: OTHERS 237
14 COMPANY PROFILES 238
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
14.1 KEY PLAYERS 238
14.1.1 ADM 238
TABLE 260 ADM: BUSINESS OVERVIEW 238
FIGURE 57 ADM: COMPANY SNAPSHOT 239
TABLE 261 ADM: PRODUCTS OFFERED 239
TABLE 262 ADM: PRODUCT LAUNCHES 241
TABLE 263 ADM: DEALS 242
TABLE 264 ADM: OTHERS 242
14.1.2 CARGILL, INCORPORATED 244
TABLE 265 CARGILL, INCORPORATED: BUSINESS OVERVIEW 244
FIGURE 58 CARGILL, INCORPORATED: COMPANY SNAPSHOT 244
TABLE 266 CARGILL, INCORPORATED: PRODUCTS OFFERED 245
TABLE 267 CARGILL, INCORPORATED: OTHERS 245
14.1.3 RIDLEY CORPORATION LIMITED 247
TABLE 268 RIDLEY CORPORATION LIMITED: BUSINESS OVERVIEW 247
FIGURE 59 RIDLEY CORPORATION LIMITED: COMPANY SNAPSHOT 247
TABLE 269 RIDELY CORPORATION LIMITED: PRODUCTS OFFERED 248
TABLE 270 RIDELY CORPORATION LIMITED: DEALS 248
TABLE 271 RIDLEY CORPORATION LIMITED: OTHERS 249
14.1.4 NUTRECO 250
TABLE 272 NUTRECO: BUSINESS OVERVIEW 250
TABLE 273 NUTRECO: PRODUCTS OFFERED 250
TABLE 274 NUTRECO: DEALS 251
14.1.5 ALLTECH 253
TABLE 275 ALLTECH: BUSINESS OVERVIEW 253
TABLE 276 ALLTECH: PRODUCTS OFFERED 253
TABLE 277 ALLTECH: DEALS 254
14.1.6 PURINA ANIMAL NUTRITION 256
TABLE 278 PURINA ANIMAL NUTRITION: BUSINESS OVERVIEW 256
TABLE 279 PURINA ANIMAL NUTRITION: PRODUCTS OFFERED 256
14.1.7 ADISSEO 258
TABLE 280 ADISSEO: BUSINESS OVERVIEW 258
TABLE 281 NUTRIAD: PRODUCTS OFFERED 258
14.1.8 ALLER AQUA A/S 260
TABLE 282 ALLER AQUA A/S: BUSINESS OVERVIEW 260
TABLE 283 ALLER AQUA/S: PRODUCTS OFFERED 260
TABLE 284 ALLER AQUA A/S: DEALS 261
14.1.9 BIOMIN 262
TABLE 285 BIOMIN: BUSINESS OVERVIEW 262
TABLE 286 BIOMIN: PRODUCTS OFFERED 262
14.1.10 BIOMAR 263
TABLE 287 BIOMAR: BUSINESS OVERVIEW 263
TABLE 288 BIOMAR: PRODUCTS OFFERED 263
TABLE 289 BIOMAR: DEALS 264
14.1.11 NOREL ANIMAL NUTRITION 265
TABLE 290 NOREL ANIMAL NUTRITION: BUSINESS OVERVIEW 265
TABLE 291 NOREL ANIMAL NUTRITION: PRODUCTS OFFERED 265
TABLE 292 NOREL ANIMAL NUTRITION: DEALS 266
14.1.12 AVANTI FEEDS LIMITED 267
TABLE 293 AVANTI FEEDS LIMITED: BUSINESS OVERVIEW 267
FIGURE 60 AVANTI FEEDS LIMITED: COMPANY SNAPSHOT 268
TABLE 294 AVANTI FEEDS LIMITED: PRODUCTS OFFERED 268
TABLE 295 AVANTI FEEDS LIMITED: OTHERS 269
14.1.13 DE HEUS ANIMAL NUTRITION B.V 270
TABLE 296 DE HEUS ANIMAL NUTRITION B.V: BUSINESS OVERVIEW 270
TABLE 297 DE HEUS ANIMAL NUTRITION B.V: PRODUCTS OFFERED 270
TABLE 298 DE HEUS ANIMAL NUTRITION B.V: OTHERS 271
14.1.14 NOVUS INTERNATIONAL 272
TABLE 299 NOVUS INTERNATIONAL: BUSINESS OVERVIEW 272
TABLE 300 NOVUS INTERNATIONAL: PRODUCTS OFFERED 272
14.1.15 BIOSTADT INDIA LIMITED 273
TABLE 301 BIOSTADT INDIA LIMITED: BUSINESS OVERVIEW 273
TABLE 302 BIOSTADT INDIA LIMITED: PRODUCTS OFFERED 273
14.2 OTHER PLAYERS/STARTUPS/SMES 274
14.2.1 THE WATERBASE LIMITED 274
TABLE 303 THE WATERBASE LIMITED: BUSINESS OVERVIEW 274
TABLE 304 THE WATERBASE LIMITED: PRODUCTS OFFERED 274
14.2.2 MARUBEIN NISSHIN FEED CO., LTD 275
TABLE 305 MARUBEIN NISSHIN FEED CO., LTD: BUSINESS OVERVIEW 275
TABLE 306 MARUBEIN NISSHIN FEED CO., LTD: PRODUCTS OFFERED 275
14.2.3 MARVESA 276
TABLE 307 MARVESA: BUSINESS OVERVIEW 276
TABLE 308 MARVESA: PRODUCTS OFFERED 276
14.2.4 BENEO 277
TABLE 309 BENEO: BUSINESS OVERVIEW 277
TABLE 310 BENEO: PRODUCTS OFFERED 277
14.2.5 JAPFA COMFEED 278
TABLE 311 JAPFA COMFEED: BUSINESS OVERVIEW 278
TABLE 312 JAPFA COMFEED: PRODUCTS OFFERED 278
14.2.6 CPF PLC 280
14.2.7 GROWEL FEEDS 280
14.2.8 SONAC 281
14.2.9 KENT FEEDS 281
14.2.10 LIFECIRCLE NUTRITION 282
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15 ADJACENT & RELATED MARKETS 283
15.1 INTRODUCTION 283
15.2 COMPOUND FEED MARKET 283
15.2.1 LIMITATIONS 283
15.2.2 MARKET DEFINITION 283
15.2.3 MARKET OVERVIEW 283
15.2.4 COMPOUND FEED MARKET, BY INGREDIENT 284
TABLE 313 COMPOUND FEED MARKET SIZE, BY INGREDIENT, 2018–2027 (USD MILLION) 284
15.2.5 COMPOUND FEED MARKET, BY REGION 284
TABLE 314 COMPOUND FEED MARKET SIZE, BY REGION, 2018–2027 (USD MILLION) 285
15.3 AQUACULTURE PRODUCTS MARKET 285
15.3.1 LIMITATIONS 285
15.3.2 MARKET DEFINITION 285
15.3.3 MARKET OVERVIEW 285
15.3.4 AQUACULTURE MARKET, BY SPECIES 286
TABLE 315 AQUACULTURE PRODUCTS MARKET SIZE, BY SPECIES, 2019–2027 (USD MILLION) 286
15.3.5 AQUACULTURE MARKET, BY REGION 287
TABLE 316 AQUACULTURE PRODUCT MARKET SIZE, BY REGION, 2019–2027 (USD MILLION) 287
16 APPENDIX 288
16.1 DISCUSSION GUIDE 288
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 293
16.3 CUSTOMIZATION OPTIONS 295
16.4 RELATED REPORTS 295
16.5 AUTHOR DETAILS 296
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