The global Sustainable Feed & Nutrition for Aquaculture market size was accounted at USD 5.24 Bn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030. The diet & nutrition of aquatic organisms directly impacts the productivity and welfare of the aquaculture industry. Sustainable aquaculture solutions can improve the quality of seafood products, animal health, and feed efficiency. Sustainable feed helps in maintaining environmental sustainability too.
The key driving factors of the sustainable feed & nutrition for aquaculture market include the increasing consumption of fish & seafood across the globe, human population surge, growing demand for sustainable, algae-fed seafood, rising health awareness among consumers regarding the consumption of animal protein, and healthy diet, and increasing sustainable fish product launches by market players. The pressure on wild fisheries increases along with the growing human population, which results in the expansion of aquaculture industries, thereby fostering the need for sustainable aquafeed & nutrition.
However, the rising cost of animal feed, limited knowledge among farmers about sustainable aquaculture techniques, and environmental safety regulations associated with feed sustainability are expected to hamper the market's growth over the forecast years.
The sustainable feed & nutrition for the aquaculture market is segmented based on ingredients, feed, and region. By ingredients, the market is categorized into amino acids, phosphates, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, antibiotics, minerals, antioxidants, non-protein nitrogen, phytogenics, probiotics, and other ingredients. The feed segment is grouped into algae, insect, and single-cell protein. The algae segment is projected to dominate this market during the forecast years because the algae enrich animal feed with essential nutrients. Geographically, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
North America is expected to hold the maximum share of this market during the forecast period due to the high demand for fish products and rising aquaculture industries.
Some of the key players operating in the sustainable feed & nutrition for aquaculture market are Innovafeed (France), Ynsect (France), Beta Hatch (US), nextProtein (France), Protix (Netherlands), Nutrition Technologies Group (Singapore), F4F (Australia), Insect Feed Technologies (Singapore), NASEKOMO (Bulgaria), Entobel (Singapore), Cargill (US), Cellana (US), DSM (Netherlands), Algatechnologies (Israel), Corbion (Netherlands), Algae (Norway), Alltech (Nicholasville), Pond Technologies (Canada), Feed Algae (UK), and others.