Europe Aqua Feed Market- Size, Outlook, Trends and Forecast (2024

Europe Aqua Feed Market- Size, Outlook, Trends and Forecast (2024 - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Europe is one of the leading consumers of Aqua Feed and Aqua Feed additives and has grown exponentially in the last few years, and a similar trend is expected to continue in the next 5 to 7 years. Aquafeed is essential for aquaculture sector due to its growth-promoting properties, immune resistant and nutritional benefits The European Aqua Feed and Aqua Feed additives market is driven by various factors such as growth in aquaculture industry, increased consumption of fish and seafood, flexibility in use of secondary raw materials, and increasing income of expanding middle class in developing nations. The main obstacles to the growth of the European Aqua Feed and Aqua Feed additives market are the rising cost of raw materials and strict regulatory structure. Another reason is the high cost of complex Aqua Feed.

Increasing Europe seafood consumption and growing consumer awareness of the quality of seafood products are boosting the aqua-feed market growth. Therefore, rising per capita income, especially from developing nations, is expected to maintain the growth of aquaculture and aqua-feed industry.

Europe Aqua-feed market size and growth:

The Europe Aqua-feed Market is poised to grow at a CAGR grows at CAGR 11.9% during the period from 2017 to 2025. The Europe Aqua-feed Market report defines and segments the aquafeed market in Europe with analysis and forecast of revenue. This market is estimated to grow from around $6,384.9 million in 2017 to $11,202.3 million by 2018, at a CAGR of 11.9% from 2017 to 2018.

Growth had been increased enormously because of the support by the government. Feed acidifiers are poised to exhibit the highest growth. Increasing Europe population is a rapid increase in the Europe population and a subsequent rise in the consumption of food demands modern and advanced technologies as well as sonar equipment, leading to an over-exploitation of marine species and marine resources to meet the expanding consumer demands Increases the

Europe Aqua Feed Market- Size, Outlook, Trends and Forecast (2024 - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

market shares. The aqua-feed industry in Europe is expected to grow in all the countries of this region. The market is dominated by Norway that held the maximum market share of around 60.0% in 2018 regarding value. Aquaculture industry will drive the market for aquafeed, the fluctuating costs of key ingredients such as fish oil, corn, soybean and fish meal will restrain market’s growth to a certain extent leads to boost the growth regarding aqua feed.

Europe Aqua-feed Market Share:

The Europe Aqua-feed market is segmented based on End-Use and Additives. By End Use, the global Aqua-feed market is segmented into Fish, Mollusks, and Crustaceans. Fish is further sub-segmented into Carp, Salmon, Tilapia, Catfish, and others. Mollusks is further sub-segmented into Shrimp, Crab, and others

By Additives, the global Aqua-feed market is segmented into Vitamins, Minerals, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders. Amino acids are an essential component of Aqua Feed with a market share of almost 21% in the total Aqua-feed market in 2018.

By the end user, the market is bifurcated into fishes and crustaceans. Regarding function, health, digestibility, portability, and special nutrition are considered the critical segments of this market. Concerning Additives Market, Antibiotics in aquaculture market size is poised to exceed USD 280 million by 2024. It mainly depends on fish farming practices, government norms and regulations. Usage of antibiotics mainly enhance productivity, prevent disease, and also maximise efficiency. This plays a Strong key role in spending for drug resistance product in fish, prawns, and shrimps along with stringent screening programs to restrict product usage may fuel product demand.

By ingredients, Fish meal and fish oil are the key ingredients used for the production process of aquaculture feed. Approximately, 35% of the total fishmeal production is mainly obtained from fish by-products. The rise in fishmeal production will expand aquaculture production due to improved efficiency. Peru is the largest producer of

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Europe Aqua Feed Market- Size, Outlook, Trends and Forecast (2024 - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

fish meal and accounts for over 15% of the overall fishmeal production. Which helps to fill all ingredients that need to be required.

Concerning geography, The Europe market has been segmented into Germany, U.K, France, Spain, and Italy. It has about a market share of 24% and is just trailing behind Asia-Pacific region. It is one of the top consumers of aqua feed and aqua feed additives and has strengthened exponentially in the last few years, and a comparable trend is anticipated to continue in the next ten years. Europe is expected to witness significant market share due to rising income levels of middle-class people, growing fish consumption due to high protein diets are some of the factors favouring towards the growth of Aquafeed in Europe region.

Europe Aqua-feed Market Trends:

June 2017, ALER Aqua matches rapid expansion in Africa with Gold sponsorship at World Aquaculture

April 2017, new oxygen technology hits the trend in fish and molluscs end-use segments dominated the Aquafeed market and resulting in that fish feed was consumed by craps and salmon collectively in 2017.

Europe Aqua-feed Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and Europe diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Biomar A/S
Aller Aqua A/S
Beneo Animal Nutrition
Ewos Group
Geelen Counterflow

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