Aquafeed Market Size Worth $102.2 Million by 2030: Grand View Research, Inc.

Read 107-page market research report, "Aquafeed Market Size, Share & Trends Analysis Report By Form (Dry, Wet), By Additive (Amino Acid, Antibiotic), By Feed (Finisher, Grower), By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. Read 107-page market research report, " Aquafeed Market Size, Share & Trends Analysis Report By Form (Dry, Wet), By Additive (Amino Acid, Antibiotic), By Feed (Finisher, Grower), By Application, By Region, And...

Read 107-page market research report, "Aquafeed Market Size, Share & Trends Analysis Report By Form (Dry, Wet), By Additive (Amino Acid, Antibiotic), By Feed (Finisher, Grower), By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Aquafeed Market Growth & Trends

The future of the global market is dependent on the increasing acceptance of aquafeed which contains essential oils, feed acidifiers, natural extracts, and palatants which are important for aquaculture species in their overall growth across each stage of development. The widespread fish mortality due to various infections which are caused by parasites is driving the demand for the consumption of anti-parasites.

These feed products are consumed by various warm-water and cold-water fish species such as catfish, salmon, trout, tilapia, shrimps, largemouth bass, and eel among others. These feeds for aquatic species are a source of omega-3 fatty acids and proteins. It improves the nutritional value of feed and offers several other benefits like improved growth rate, reduced mortality of various aquatic species, digestibility of proteins, and enhanced immune system.

The COVID-19 pandemic had crippled the economies of the world and severely impacted the supply chain across key industries. The distribution of raw materials for aquafeed was affected by the pandemic due to which its production was hampered. In addition, strict lockdowns were imposed to curb the virus from spreading, and due to this many manufacturing and production units were closed. Furthermore, there were rumours of transmission of the virus through poultry, which ill-affected the market.

Aquafeed Market Segmentation

Grand View Research has segmented the global aquafeed market report based on form, additives, feed, application, and regions:

Form Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

Additives Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

Feed Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

Application Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

Regional Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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