Lucintel anticipates that Asia Pacific will be the fastest growing region in the aquafeed market

   October 3, 2019
According to a new market report by Lucintel, the future of the aquafeed market looks promising with opportunities in marine fish farming industry. The aquafeed market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing incidence of food borne illness, rising concern for food safety and quality, drifting inclination towards aquaculture growth, and growing demand for sea food across the globe.

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In this market, pellets, extruded products, powdered products, and liquid products are the major product form. Pellets are the largest product form. Within the aquafeed market, soybean, corn, fish meal, fish oil, and additives are the major ingredient used to production of aqua feed.

Asia Pacific will remain the largest market over the forecast period due to growth in consumption of sea food and increasing urbanization.

Cargill, Alltech, Ridley Corporation Ltd., Nutreco N.V, Avanti Feeds Ltd., Aller Aqua A/S, BioMar, BIOMIN Holding GmbH, Norel Animal Nutrition, De Heus Animal Nutrition, and Dibaq a.s. are among the major manufacturers of aquafeed.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the aquafeed market by product form, ingredient, additive, species, and region. Lucintel has prepared a comprehensive research report entitled "Aquafeed Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the aquafeed market by product form, ingredient, additive, species, and region as follows:

By Product Form [$M shipment analysis for 2013 – 2024]:

  • Pellets

  • Extruded Products

  • Powdered Products

  • Liquid Products

By Ingredient [$M shipment analysis for 2013 – 2024]:

  • Soybean

  • Corn

  • Fish Meal

  • Fish Oil

  • Additives

By Additive [$M shipment analysis for 2013 – 2024]:

  • Antibiotics

  • Vitamins

  • Antioxidants

  • Amino Acids

  • Feed Enzymes

  • Feed Acidifiers

By Species [$M shipment analysis for 2013 – 2024]:

  • Fish

  • Mollusks

  • Crustaceans

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

  • ROW

    • Middle East & Africa

    • South America

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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