The Sustainable Feed & Nutrition for Aquaculture Market Size is valued at USD 6.28 Billion in 2023 and is predicted to reach USD 14.84 Billion by the year 2031 at a 11.5% CAGR during the forecast period for 2024-2031.
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.
Market Segmentation
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.
Competitive Landscape
Some Of The Key Players In The Sustainable Feed & Nutrition for Aquaculture Market:
- 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),
- Others
The Sustainable Feed & Nutrition for Aquaculture Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 6.28 Billion |
|
Revenue Forecast In 2031 |
USD 14.84 Billion |
|
Growth Rate CAGR |
CAGR of 11.5% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Ingredients, By Feed |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada;Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South Korea; South East Asia |
|
Competitive Landscape |
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. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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