Middle East & Africa Aqua Feed Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Aqua Feed is a food meal which is used for various aquatic species such as fish, 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. Aqua-feed has become crucial to aquaculture industry nowadays because of its nutritional, immune resistant, and also promoting growth properties. 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.

Increasing Middle East Africa 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.

Middle East Africa Aqua Feed Market size and growth:

The Middle East and Africa Fish Feed Market was worth USD 8.58 billion in 2018 and estimated to be growing at a CAGR of 7.66%, to reach USD 12.42 billion by 2023. The Middle East Africa Aqua Feed Market has the growth of the casein market is mainly driven by factors such as population growth, rising disposable income, and rapid urbanisation, and is facilitated by the steady expansion of fish production and more efficient distribution channels. As for the restraints of the market, large-scale storage of the same for farms is still a problem, and the high costs are also turn-offs for the market. The industry has to come up with innovative solutions for these problems for the market to grow freely.

The driving factors of the Middle East and Africa Fish Feed market are population growth, rising income, and rapid urbanisation, and is facilitated by the substantial expansion of fish production and more efficient distribution channels. The yield which is obtained from the wild catch cannot be increased sustainably, therefore, in the opinion of observers such as the Food and Agriculture Organization of the United Nations.

Middle East Africa Aqua Feed Market Share:

Aqua-feed Market is classified by type, by application, by end-user, by geography. By type, the market is segmented into Middle East Africa. The Middle East and Africa Fish Feed market are segmented based by an ingredient into corn, soybean, fish oil, fish meal, additives and others. By additive, the market is divided into vitamins, antibiotics, amino acids, antioxidants, feed acidifiers, feed enzymes and other additives. By the end user, the market is divided into fish, molluscs, crustaceans and others. Fish is further segmented into salmon feed, carp feed, tilapia feed and catfish feed. By molluscs, the market is further divided into oyster feed and mussel feed.

The Middle East and Africa Commercial Aqua feed market is broadly classified by End User into Fish, Mollusks and Crustaceans, and based on Ingredients into Soybean, Corn, Fish Meal, Fish Oil and Additives, by Additive into Antibiotics, Vitamins, Anti-oxidants, Amino Acids, Feed Enzymes and Feed Acidifiers. Based on geography, the Middle-East & Africa market is analysed under regions of Middle-East and Africa. The major countries in the region are UAE, Saudi Arabia, Qatar, Egypt and South Africa. The region is the smallest market globally with a growth rate that is also below average. 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 fish meal and accounts for over 15% of the overall fishmeal production.

Regarding geography, the market is segmented into Middle East Africa (MEA), Middle East and Africa the main regional markets for aqua-feed across the world. With a prominent aquaculture production in Asian countries, especially Africa, has surfaced as the dominant regional market for aqua-feed, worldwide. The Middle East 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.

Middle East Africa Aqua Feed Market Trends:

January 2017, Neutrino expands footprint in Canada and creates a new base in the US with purchase of Hi-Pro Feeds.

June 2018, All tech’s newest innovation for pig producers promoted a healthy gut which leads to innovation for feeding in aquaculture.

Middle East Africa 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 Middle East Africa 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
  • Nutreco N.V.
  • Alltech Inc.
  • Aller Aqua A/S
  • Beneo GmbH
  • DSM NV