Global Aqua feed Market – Size, Outlook, Trends and Forecast (2024 – 2032)

, crustaceans, and molluscs and is widely used for aquaculture. Aquafeed is essential for aquaculture sector due to its growth-promoting properties, immune resistant and nutritional benefits. Aqua-feeds are compounded meals prepared for aquatic animals by mixing of various raw materials and also additives.These are prepared according to specific requirements of the species and by the age of the animal. High-quality aqua-feed reports exponentially more beneficial to fish, molluscs, crustaceans & other aquatic animals than farm-made because of their feed, due to their balanced and need specific composition.

Global Aqua-feed market size and growth:

The Global Aqua-feed Market is poised to grow at a CAGR of around 11.3% over the next decade to reach approximately $265.3 billion by 2025 from $XX billion in 2017.

Growth had been increased enormously because of the support by the government. Feed acidifiers are poised to exhibit the highest growth.  Rising per capita income, especially from developing nations, is expected to maintain the growth of aquaculture and aqua-feed industry. Increasing global population is a rapid increase in the global 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 market shares, as China is top in the population, so it is expected to enhance the demand for aquafeed in the region over the next six years. Aquaculture industry will drive the market for aquafeed, the fluctuating costs of key ingredients market is segmented