Sustainable Feed & Nutrition for Aquaculture Market Assessment worth $ 13.1 Billion by 2030 – Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Sustainable Feed & Nutrition for Aquaculture Market- by Ingredients (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Antibiotics, Minerals, Antioxidants, Non-protein Nitrogen, Phytogenics, Probiotics, and Other Ingredients), Feed (Algae, Insect, and Single-Cell Protein), Trends, Industry Competition Analysis, Revenue and Forecast To 2030.”
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According to the latest research by InsightAce Analytic, the global Sustainable Feed & Nutrition for Aquaculture market is valued at US$ 5.24 Billion in 2021, and it is expected to reach US$ 13.1 Billion by 2030, with a CAGR of 10.9% during a forecast period of 2024-2031.
The Importance of Sustainable Feed in Aquaculture
The health and production of the aquaculture industry are directly linked to the nutrition and diet of aquatic species. Sustainable aquaculture practices,
including the use of sustainable feed, contribute to improvements in:
• Seafood product quality
• Feed effectiveness
• Animal health
Sustainable feed also supports the overall health of the ecosystem. When fed a balanced, nutritious diet, aquatic organisms can grow optimally and maintain good health. Aquaculture feed typically supplies essential fish components, immunostimulants, and medications to support animal health.
Market Growth Drivers
The global sustainable feed & nutrition for aquaculture market has experienced growth due to several factors:
• Rising demand for fish products: Increasing consumer demand for seafood is a major driver.
• Health-conscious consumers: A growing population of health-conscious consumers is seeking out sustainably sourced and nutritious seafood options.
• Global population growth: As the global population increases, so does the demand for protein sources like fish.
Factors Propelling Market Expansion
Several factors are propelling further market expansion:
• Adoption of innovative technologies: Advancements in feed production technologies are enabling the creation of more sustainable and efficient feed options.
• Environmental concerns: Growing awareness of the environmental impact of animal products, including their carbon footprint, is driving a shift towards more sustainable practices in aquaculture.
• Benefits of algae-based feed: The increasing recognition of the health benefits associated with sustainable, algae-based feed ingredients is influencing consumer choices and market trends.
Demand for Premium Feed
The growing demand for premium aquaculture products has further accelerated the need for sustainable feed solutions. This trend is expected to continue, fostering the development of even more sustainable feed and nutrition options for the aquaculture market in the coming years.
Market Challenges
However, the market also faces some challenges:
• Sustainable ingredients: Ensuring a steady supply of sustainable feed ingredients that meet the diverse nutritional needs of various fish species remains a complex challenge.
• Lack of regulations: The absence of clear and well-defined regulations and standards for sustainable feed production can hinder market growth during the forecast period.
By addressing these challenges and continuing to develop innovative solutions, the sustainable feed & nutrition for aquaculture market has the potential to play a significant role in ensuring a healthy, sustainable, and secure future for the aquaculture industry.
North America is anticipated to be the major contributor to the Sustainable Feed & Nutrition for Aquaculture market over the forecast years due to the growing aquaculture businesses and strong demand for fish products.
The need for sustainable aquaculture solutions was hastened by the rising demand for high-quality aquaculture feed, which will probably expedite the development of sustainable feed & nutrition for the aquaculture market in the following years. In addition, the Europe Sustainable Feed & Nutrition for Aquaculture market is expected to grow significantly during the forecast period because aqua farmers are becoming more aware of sustainable feed and a growing need for animal proteins and feed. The rising consumption of fish and seafood in this region is one of the main drivers driving the market for sustainable feed and nutrition for aquaculture.
Major market players operating in the Sustainable Feed & Nutrition for Aquaculture market include Protix (Netherlands), Nutrition Technologies Group (Singapore), F4F (Australia), Innovafeed (France), Ynsect (France), Beta Hatch (US), nextProtein (France), Insect Feed Technologies (Singapore), NASEKOMO (Bulgaria), Entobel (Singapore), Corbion (Netherlands), Algae (Norway), Alltech (Nicholasville), Pond Technologies (Canada), Feed Algae (UK), Cargill (US), Cellana (US), DSM (Netherlands), Algatechnologies (Israel), and others.
Recent collaborations and agreements in the market:
• In October 2021, To create insect-derived products with aquaculture applications, Entobel teamed together with AquaBIO5. The partnership aims to deliver pathogen-free shrimp and fish products that emphasise good digestion, assimilation, growth, and survival for early-stage shrimp and fish.
• In March 2021, Together with aqua farmers, Cargill (US) had set a new course for sustainable seafood. The newest programme from Cargill, SeaFurther Sustainability, aids aqua farmers in producing seafood that is more environmentally friendly while also reducing the carbon footprint of fish farming and safeguarding the seas.
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Market Segments
Global Sustainable Feed & Nutrition for Aquaculture Market, by Ingredients, 2022-2030 (Value US$ Mn)
• Amino Acids
• Phosphates
• Vitamins
• Acidifiers
• Carotenoids
• Enzymes
• Mycotoxin Detoxifiers
• Antibiotics
• Minerals
• Antioxidants
• Non-protein Nitrogen
• Phytogenics
• Probiotics
• Other Ingredients
Global Sustainable Feed & Nutrition for Aquaculture Market, by Feed, 2022-2030 (Value US$ Mn)
• Algae
• Insect
• Single Cell Protein
Global Sustainable Feed & Nutrition for Aquaculture Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Sustainable Feed & Nutrition for Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Sustainable Feed & Nutrition for Aquaculture market
To receive an industry overview and future trends of the Sustainable Feed & Nutrition for Aquaculture market
To analyze the Sustainable Feed & Nutrition for Aquaculture market drivers and challenges
To get information on the Sustainable Feed & Nutrition for Aquaculture market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Sustainable Feed & Nutrition for Aquaculture market industry
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