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Aquafeed Market Outlook and Global Foresight to 2020

Growing usage of aquafeed in crustacean and carp farming is likely to fuel demand over the course of the forecast period. The Global Aquafeed Market size is anticipated to reach USD 133.1 billion by 2020, according to a new study by Grand View Research, Inc.


Static natural production of fishes is expected to boost an already thriving market for aquaculture. Moreover, rising focus on nutraceuticals, such as omega 3-enriched products, is slated to generate immense opportunities for aquafeed applications.

Prominent aquaculture additives include amino acids and antibiotics. They cannot be synthesized by fish but are vital for regular body mechanism. Amino acids held the dominant share in terms of product, amounting to an estimated revenue of USD 236.0 million in 2013. Feed acidifiers are poised to exhibit the highest growth rate during the forecast period, recording a CAGR of 6.1% from 2014 to 2020.

Carps were the largest consumers of aquafeed, at 9.70 million tons of global market in 2013. The segment is also expected to witness fastest growth at an estimated CAGR of 11.2% from 2014 to 2020. Carps are rich in omega-3 fatty acids and offer high sources of protein that are low in fat. The growing consumer awareness regarding omega 3 health benefits is expected to drive demand for carps in turn augmenting demand for aquafeed.


Mollusks and Crustaceans were the other large application segments for the aquafeed market together accounting for 33% of the global market in 2013. Crustaceans such as lobsters, shrimps and crabs and mollusks such as oysters are increasing being used as exotic food products and improving economic conditions in parts of Asia Pacific is expected to further the demand for aquafeed over the forecast period.

Market Segmentation of Aquafeed Market:

The Global Aquafeed Market segmented on the basis of End Use and Region.

By Product:

Amino Acids
Antibiotics
Vitamins
Feed Acidifiers

By Application:

Carps
Mollusks
Crustaceans
Salmons
Tilapia
Catfish

By Region:

North America
Europe
Asia Pacific
RoW

Inquire about Aquafeed Market with Our Experts @ https://www.grandviewresearch.com/inquiry/334/ibb 
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