Global Fish Oil for Aquafeed Market Size, Trends, and Growth Opportunity, By Types of Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers), By Aquatic Species (Fishes Feeds, Mollusks Feeds, Crustaceans Feeds), By Typ

Global Fish Oil for Aquafeed Market Size, Trends, and Growth Opportunity, By Types of Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers), By Aquatic Species (Fishes Feeds, Mollusks Feeds, Crustaceans Feeds), By Type of Feed (Extruded Feed, Pellet Feed, Powder Feed, Wet Feed), By Application (Marine Feeding, Fresh Water Feeding), By Region and forecast till 2027.

Global Fish Oil for Aquafeed Market

Global Fish Oil for Aquafeed Market was valued at USD 3.15 billion in 2021 and is expected to grow at USD 4.97 billion by 2027 at a CAGR of 6.27 % from 2022-2027.

Compound meals manufactured from raw ingredients including sunflower, corn, soybean, fish meal, and fish oil make up aquafeed. The feed's name suggests that it is meant for aquatic animals like fish, shrimp, and crabs. These are rich in nutrients and contain a number of growth-enhancing qualities.

Market Drivers

The market for fish oil for aqua feed is expanding as a result of expanding fish farming operations throughout the world and rising spending on research and development efforts. Other factors influencing market expansion are the increasing requirement and demand for compounded meals to maintain the health of aquatic species and rising public awareness of fish oil for aqua feed. Population expansion, rising wealth in developing nations, and urbanisation have all contributed to an increase in the output of fish and aquaculture worldwide. Income and intake of animal protein are positively correlated with rising seafood consumption at the expense of staple foods. Due to rising wages and urbanisation, the world's fish consumption is growing more quickly than the world's population. The world's principal sources of protein, money, livelihoods, and population well-being are increasingly becoming fishing and aquaculture.

The market for fish oil for aquafeed will see even more attractive growth opportunities as manufacturers place a greater emphasis on producing novel products and as regulations on foods made from animals are tightened.

Market Restraints

However, the market for fish oil in aqua feed will face significant challenges due to price variations in raw materials. The market for fish oil for aquafeed may experience slower growth as a result of the government's strict rules on product approvals.

Impact of COVID-19

Operations have been slowed down by the COVID-19 pandemic, which has led to a staffing shortage and increased sanitary standards for processing and fishery. Fishing and reduction operations have continued practically everywhere because many nations view the marine ingredients sector as a crucial link in the food supply chain. Feed businesses have made sure that farmers have the resources they require to preserve the wellbeing and health of their animals while sustaining agricultural output levels. The adoption of "Scientific Aquaculture Management Practices" and export-oriented aquaculture have expanded in response to rising fish demand (SAMP).

Market Segmentation

Global Fish Oil for Aquafeed Market is segmented into Type of Additives, Aquatic Species, Type of Feed and Application. By Type of Additives such as Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers. By Aquatic Species such as Fishes Feeds, Mollusks Feeds, Crustaceans Feeds. By Type of Feed such as Extruded Feed, Pellet Feed, Powder Feed, Wet Feed. By Application such as Marine Feeding, Fresh Water Feeding.

Regional Analysis

Global Fish Oil for Aquafeed Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the region's growing urbanisation, increasing demand for processed seafood, and diversifying diets, Asia-Pacific will have a dominant position in the fish oil for aquafeed market.

Key Players

This report includes a list of numerous Key Players, namely Darling Ingredients Inc. (U.S.), The Lauridsen Group Inc. (U.S.), SARIA Group (Germany), Sera Scandia (Denmark), Lican Food (Chile), Puretein Agri LLC. (U.S.), Veos Group (Belgium), Kraeber & Co Gmbh (Germany), Rocky Mountain Biologicals (U.S.), Lihme Protein Solutions (Denmark).

Market Taxonomy

By Form

• Extruded Feed
• Pellet Feed
• Powder Feed
• Wet Feed

By Additives

• Amino Acids
• Vitamins & Minerals
• Probiotics & Prebiotics
• Enzymes
• Antibiotics
• Antioxidants
• Others

By Aquatic Species

• Fishes Feeds
• Mollusks Feeds
• Crustaceans Feeds

By Application

• Marine feeding
• Fresh water feeding

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

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