North America Aquafeed Market Size, Share & Industry Trends Analysis Report By Form (Dry, Moist and Wet), By Application, By Feed (Grower Feed, Finisher Feed, Starter Feed and Brooder Feed), By Additives, By Country and Growth Forecast, 2022 – 2028
The North America Aquafeed Market would witness market growth of 4.1% CAGR during the forecast period (2022-2028).
Aquafeeds are produced meals for aquatic animals by combining a variety of additives and raw materials. These mixtures are made following the specific requirements of the animal's species and age. Due to its nutritive, immune-suppressing, and growth-promoting qualities, aquafeed has become essential to the aquaculture business. Due to their balanced and need-specific composition, high-quality aquafeed is significantly more advantageous to fish, mollusks, crabs, and other aquatic creatures than farm-made feed.
Any food provided to aquatic farm animals is referred to as aquafeed. To grow, fish both farmed and wild need a well-balanced combination of vital nutrients such as vitamins, fatty acids, and amino acids. Utilizing feed components that promote the aquaculture industry's sustainable growth and protect the special blend of nutrients required to maintain healthy fish and healthy individuals is a crucial aspect of sustainable aquaculture. In light of this, scientific study has significantly increased the sustainability and effectiveness of aquafeeds.
The aquaculture industry can deliver a plentiful, secure, and reasonably priced supply of seafood products, USDA is exercising leadership in this area. Scientists at the USDA support and carry out research to create novel aquaculture technologies and methods that preserve healthy aquatic environments, assess the health of aquatic animals, and educate consumers about the sustainability and healthfulness of ethical aquaculture production. The aquaculture research, instruction, and extension projects benefit rural communities by generating employment opportunities and preparing a competent workforce.
The production and nutrition of white worms were examined, as well as if the addition of enrichments altered the fatty acid composition of the worms, making them a more nutrient-dense meal, by researchers from UNH. They looked into the possibility that disease-carrying live white worms could damage aquaculture facilities. They provided roughly 250,000 white worms to sites across the United States in exchange for feedback on their experience with the worms. The researchers found that many fish, especially ornamental fish, effortlessly digest white worms because they are simple to grow, pathogen-free, abundant in protein, and fat. The market for decorative fish is growing in this area due to the hub of marine and ornamental fishes.
The US market dominated the North America Aquafeed Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15,785.5 Thousands by 2028. The Canada market is experiencing a CAGR of 6.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2022 - 2028).
Based on Form, the market is segmented into Dry, Moist and Wet. Based on Application, the market is segmented into Carp, Catfish, Salmon & Sea Bass, Rainbow Trout, Grouper, Crustaceans, Tilapia and Others. Based on Feed, the market is segmented into Grower Feed, Finisher Feed, Starter Feed and Brooder Feed. Based on Additives, the market is segmented into Amino Acids, Anti-parasitic, Enzymes, Probiotics & Prebiotics, Vitamins, Minerals & Feed Acidifiers, Antibiotics & Antioxidants and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nutreco N.V., Koninklijke DSM N.V. (Biomin GmbH), Charoen Pokphand Foods Public Company Limited, BENEO GmbH (Südzucker AG), Avanti feeds Limited, Cargill Corporation, Aller Aqua A/S, Alltech, Inc., and BioMar A/S (Schouw & Co.)
Scope of the Study
Market Segments covered in the Report:
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