South America Aqua Feed Market- Size, Outlook, Trends and Forecast (2024 - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
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
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 Aquatic animals are a vital source of high-quality protein and contain many vitamins and minerals. 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 South America 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.
South America Aqua Feed Market size and growth:
The market estimated at USD XX billion in 2016 is projected to reach USD XX billion by 2022, at a CAGR of XX% over the forecast period. Produced in the form of granules or pellets, they provide nutrition in a stable and concentrated form, enabling aquatic species to feed efficiently and grow to their full potential Growth had been increased enormously because of the support by the government. Feed acidifiers are poised to exhibit the highest growth. Increasing South America population is a rapid increase in the South America 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
South America 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
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.
The demand for amino acids is increasing owing to its extensive application in aquafeed additives. Amino acids are the main components of protein since animals require a continuous supply of protein in their diet; it is considered an essential component of aqua feed. Amino acids had a market share of 19% in the total of aqua feed enzymes market.
South America 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 South America. The South America 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. The market may also witness consolidation in the form of mergers & acquiescent and joint ventures which may strengthen the product portfolio
By the end user, the market is bifurcated into fishes and crustaceans. Concerning function, health, digestibility, portability, and appropriate nutrition are considered the critical segments of this market. The South America Aqua Feed Market was worth $10.53 billion in 2018 and estimated to be growing at a CAGR of 7.20%, to reach $14.91 billion by 2025. Aquafeed is a mixture of raw materials, additives and other supplements, sourced from either natural or synthetic sources and are fed to the aquaculture. 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
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South America 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
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 South America, the Middle East and Africa (MEA), Europe, North America, Asia Pacific the main regional markets for aqua-feed across the world. With a prominent aquaculture production in Asian countries, especially China, has surfaced as the dominant regional market for aqua-feed, worldwide. 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.
South America Aqua Feed Market Trends:
March 2006, Anurak Farm partnered with Cargill’s poultry business in Thailand with the capacity to raise a respectable 20,000 broiler chickens per cycle.
May 2018, Less than a year after acquiring the majority stake in Alimentsa, Bio Mar accelerates the development of the Ecuadorian shrimp feed producer concerning capacity as well as human capabilities.
South America 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 South America 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
- Coppens International Bv
- Aller Aqua A/S
- Beneo Animal Nutrition
- Ewos Group
- Geelen Counterflow
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