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Aquafeed Market by Source (Soybean, Fishmeal, Fish Oil, Corn, Additives, & Others) by End-user (Mollusks, Carp, Crustaceans, Carp, Tilapia, Catfish, Salmon, and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2022

Published Date: 12-Jan-2017 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-696 Status : Published

Global aquafeed market expected to reach USD 155.50 billion by 2022, growing at a CAGR of 12.5% between 2017 and 2022.

Description

The report covers forecast and analysis for the aquafeed market on a global and regional level. The study provides historic data from 2014 to 2016 along with a forecast from 2017 to 2022 based on both volume (Million tons) and revenue (USD billion). The study includes drivers and restraints of the aquafeed market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the aquafeed market on a global level.

In order to give the users of this report a comprehensive view on the aquafeed market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the aquafeed market has also been included. The study encompasses a market attractiveness analysis, wherein source and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the aquafeed market by segmenting the market-based, end-user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Based on the source, aquafeed market can be segmented into soybean, fishmeal, fish oil, corn, additives, & others. The aquafeed market is segmented on the basis of different end-use such as mollusks, carp, crustaceans, carp, tilapia, catfish, salmon, and other aquafeed. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil.

The global aquafeed market is fragmented in nature with a large number of medium and small scale aquafeed manufacturers across the globe. Key players present in this market include Alltech Inc, Biomar, Ridley, Aller Aqua, Dibaq Aquaculture, Nutreco N.V., Addcon Group GmbH, Cargill Incorporated, Cermaq ASA and Biomin. Some of the major players used acquisition and joint venture and expansion into emerging economies as key strategies for market growth. For instance, in 2015, Cargill signed joint venture agreement with Naturisa SA to develop a shrimp feed facility in Ecuador.

This report segments the global aquafeed market as follows:

Global Aquafeed Market: Source Segment Analysis

  • Soybean
  • Fishmeal
  • Fish oil
  • Corn
  • Additives
  • Others

Global Aquafeed Market: End-use Segment Analysis

  • Mollusks
  • Carp
  • Crustaceans
  • Carp
  • Tilapia
  • Catfish
  • Salmon
  • Others

Global Aquafeed Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global aquafeed market volume and revenue, 2014 - 2022 (Million Tons) (USD Billion)
    • 2.2. Global aquafeed market: Snapshot
  • Chapter 3. Aquafeed Market –Industry Analysis
    • 3.1. Aquafeed : Market dynamics
    • 3.2. Value chain analysis
    • 3.3. Market drivers
      • 3.3.1. Global aquafeed market drivers: Impact analysis
      • 3.3.2. Increasing demand for sea food
    • 3.4. Market restraints
      • 3.4.1. Global aquafeed market restraints: Impact analysis
      • 3.4.2. Rising cost of raw material
    • 3.5. Opportunities
      • 3.5.1. High demand for conventional and functional aquafeed
    • 3.6. Porter’s five forces analysis
      • 3.6.1. Bargaining power of suppliers
      • 3.6.2. Bargaining power of buyers
      • 3.6.3. Threat from new entrants
      • 3.6.4. Threat from new substitutes
      • 3.6.5. Degree of competition
    • 3.7. Market attractiveness analysis
      • 3.7.1. Market attractiveness analysis by source segment
      • 3.7.2. Market attractiveness analysis by end-use segment
      • 3.7.3. Market attractiveness analysis by regional segment
  • Chapter 4. Global Aquafeed Market – Competitive Landscape
    • 4.1. Global Aquafeed : Company Market Share (subject to data availability)
    • 4.2. Global aquafeed market: Raw material analysis
    • 4.3. Global aquafeed market : Price trend Analysis
    • 4.4. Strategic Development
      • 4.4.1. Acquisitions & Mergers
      • 4.4.2. New Technologies Launch
      • 4.4.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.4.4. Research and Development, Technologies and Regional Expansion
    • 4.5. Product Portfolio
  • Chapter 5. Global Aquafeed Market – Source Segment Analysis
    • 5.1. Global aquafeed market: Source overview
      • 5.1.1. Global aquafeed market volume share by source, 2016 and 2022
    • 5.2. Soybean
      • 5.2.1. Global soybean market, 2014 – 2022 (Million Tons) (USD Billion)
    • 5.3. Fishmeal
      • 5.3.1. Global fishmeal market, 2014 – 2022 (Million Tons) (USD Billion)
    • 5.4. Fish oil
      • 5.4.1. Global fish oil market, 2014 – 2022 (Million Tons) (USD Billion)
    • 5.5. Corn
      • 5.5.1. Global corn market, 2014 – 2022 (Million Tons) (USD Billion)
    • 5.6. Additives
      • 5.6.1. Global additives market, 2014 – 2022 (Million Tons) (USD Billion)
    • 5.7. Others
      • 5.7.1. Global other aquafeed market, 2014 – 2022 (Million Tons) (USD Billion)
  • Chapter 6. Global Aquafeed Market – End-use Segment Analysis
    • 6.1. Global aquafeed market: End-use overview
      • 6.1.1. Global aquafeed market volume share by end-use, 2016 and 2022
    • 6.2. Mollusks
      • 6.2.1. Global mollusks market, 2014 – 2022 (Million Tons) (USD Billion)
    • 6.3. Carp
      • 6.3.1. Global carp market, 2014 – 2022 (Million Tons) (USD Billion)
    • 6.4. Tilapia
      • 6.4.1. Global tilapia market, 2014 – 2022 (Million Tons) (USD Billion)
    • 6.5. Catfish
      • 6.5.1. Global catfish market, 2014 – 2022 (Million Tons) (USD Billion)
    • 6.6. Salmon
      • 6.6.1. Global salmon market, 2014 – 2022 (Million Tons) (USD Billion)
    • 6.7. Others
      • 6.7.1. Global other aquafeed market, 2014 – 2022 (Million Tons) (USD Billion)
  • Chapter 7. Global Aquafeed Market – Regional Segment Analysis
    • 7.1. Global aquafeed market: Regional overview
      • 7.1.1. Global aquafeed market volume share, by region, 2016 and 2022
    • 7.2. North America
      • 7.2.1. North America aquafeed market volume, by source, 2014 – 2022, ( Million Tons)
      • 7.2.2. North America aquafeed market revenue, by source, 2014 – 2022, (USD Billion)
      • 7.2.3. North America aquafeed market volume, by end-use, 2014 – 2022, ( Million Tons)
      • 7.2.4. North America aquafeed market revenue, by end-use, 2014 – 2022, (USD Billion)
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
        • 7.2.5.2. U.S. aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
        • 7.2.5.3. U.S. aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
        • 7.2.5.4. U.S. aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe aquafeed market volume, by source, 2014 – 2022 (Million Tons)
      • 7.3.2. Europe aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
      • 7.3.3. Europe aquafeed market volume, by end-use, 2014 – 2022 (Million Tons)
      • 7.3.4. Europe aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
      • 7.3.5. UK
        • 7.3.5.1. UK aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
        • 7.3.5.2. UK aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
        • 7.3.5.3. UK aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
        • 7.3.5.4. UK aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
      • 7.3.6. France
        • 7.3.6.1. France aquafeed market volume, by source, 2014 – 2022, ( Million Tons)
        • 7.3.6.2. France aquafeed market revenue, by source, 2014 – 2022, (USD Billion)
        • 7.3.6.3. France aquafeed market volume, by end-use, 2014 – 2022, ( Million Tons)
        • 7.3.6.4. France aquafeed market revenue, by end-use, 2014 – 2022, (USD Billion)
      • 7.3.7. Germany
        • 7.3.7.1. Germany aquafeed market volume, by source, 2014 – 2022, ( Million Tons)
        • 7.3.7.2. Germany aquafeed market revenue, by source, 2014 – 2022, (USD Billion)
        • 7.3.7.3. Germany aquafeed market volume, by end-use, 2014 – 2022, ( Million Tons)
        • 7.3.7.4. Germany aquafeed market revenue, by end-use, 2014 – 2022, (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
      • 7.4.2. Asia Pacific aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
      • 7.4.3. Asia Pacific aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
      • 7.4.4. Asia Pacific aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
      • 7.4.5. China
        • 7.4.5.1. China aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
        • 7.4.5.2. China aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
        • 7.4.5.3. China aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
        • 7.4.5.4. China aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
      • 7.4.6. Japan
        • 7.4.6.1. Japan aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
        • 7.4.6.2. Japan aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
        • 7.4.6.3. Japan aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
        • 7.4.6.4. Japan aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
      • 7.4.7. India
        • 7.4.7.1. India aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
        • 7.4.7.2. India aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
        • 7.4.7.3. India aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
        • 7.4.7.4. India aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
      • 7.5.2. Latin America aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
      • 7.5.3. Latin America aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
      • 7.5.4. Latin America aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
        • 7.5.5.2. Brazil aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
        • 7.5.5.3. Brazil aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
        • 7.5.5.4. Brazil aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa aquafeed market volume, by source, 2014 – 2022 ( Million Tons)
      • 7.6.2. Middle East and Africa aquafeed market revenue, by source, 2014 – 2022 (USD Billion)
      • 7.6.3. Middle East and Africa aquafeed market volume, by end-use, 2014 – 2022 ( Million Tons)
      • 7.6.4. Middle East and Africa aquafeed market revenue, by end-use, 2014 – 2022 (USD Billion)
  • Chapter 8. Company Profile
    • 8.1. Alltech Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Biomar
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Ridley
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Aller Aqua
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Dibaq Aquaculture
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Nutreco N.V.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Addcon Group GmbH
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Cargill Incorporated
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Cermaq ASA
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Biomin
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Aquafeed market. Zion Research has collected and analyzed key data belong to the global Aquafeed market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Aquafeed across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Aquafeed industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Aquafeed market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Aquaculture is the fastest growing industry producing animal protein. Aquafeed is an important segment in aquaculture. Providing good quality aquafeed is of prime importance for aquaculture. Aquafeed is a mixture of various kinds of additives and raw materials. This preparation is prepared to suit specific requirement of different kind of aquatic animals and age of the animal.

The global aquafeed market is expected to witness substantial growth within the forecast period. The market is mainly driven by rising demand for sea food coupled with consumer awareness regarding the quality of seafood products. Moreover, increasing per capita income in developing countries is expected to propel the market growth in the near future. Aquafeed ingredients including soybean and fishmeal are among the widely used products in Asia-Pacific due to the change in aquafeed consumption and production pattern witnessed in this region. However, increasing the cost of raw material is expected to hinder the market growth over the forecast period. Nonetheless, high demand for conventional and functional aquafeed emerging economics especially in China and Rest of Asia is expected to open up new growth avenues in the near future.

Global-Aquafeed-Market

Soybean, fishmeal, fish oil, corn, additives, & others are some of the key sources in the market. Soybean contains best amino acid profiles of all vegetable oil meals. Thus, soybean segment is expected to show strong growth in the coming years. An additive is another leading segment and it accounts for the significant share of total revenue generated in 2016.

Based on end user, the market can be classified into mollusks, carp, crustaceans, carp, tilapia, catfish, salmon, and others. Among all segments, crap was a dominant segment and is expected to witness the fastest growth in the near future. This growth is mainly due to change food habits, changing lifestyles and increasing disposable income. Mollusks were another leading segment in 2016 and are likely to experience significant growth within the forecast period.

The aquafeed market was dominated by Asia Pacific and it accounted for over 60% of the overall consumption in 2016, owing to increasing aquaculture production and growing seafood consumption. Asia Pacific was followed by Europe in terms of volume in 2016. Europe was another leading segment on account of the presence of favorable regulations and rules. In 2015, Norway held the largest market share the total European aquafeed market on account of increasing demand for salmon fish feed. Latin America is another key important regional market and is expected to witness substantial growth within the forecast period.

The global aquafeed market is fragmented in nature with a large number of medium and small scale aquafeed manufacturers across the globe. Key players present in this market include Alltech Inc, Biomar, Ridley, Aller Aqua, Dibaq Aquaculture, Nutreco N.V., Addcon Group GmbH, Cargill Incorporated, Cermaq ASA and Biomin. Some of the major players used acquisition and joint venture and expansion into emerging economies as key strategies for market growth. For instance, in 2015, Cargill signed joint venture agreement with Naturisa SA to develop a shrimp feed facility in Ecuador.

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