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North America Aquatic Feed Market

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North America Aquatic Feed Market was worth USD 17.64 billion in 2016 and estimated to be growing at a CAGR of 9.3%, to reach USD 27.52 billion by 2021.
North America Aquatic Feed Market Size Worth $27.52 Billion by 2021 | CAGR:
9.3%
North America Aquatic Feed Market was worth USD 17.64 billion in 2016 and estimated to
be growing at a CAGR of 9.3%, to reach USD 27.52 billion by 2021. A major important part
of running a successful commercial aquaculture is the selection of the right manufactured
feeds which provide the balanced nutrition required by fish. The feed may be either granular
or in the form of pellets and are essential in providing the fish with a balanced diet within their
enclosures where their natural food sources may be absent.
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Wheat is being used as a major ingredient in all aquatic feed due to its binding property for
holding the pellets together. As for the carnivorous species of fish such as salmon, trout and
turbot, fishmeal and fish oil are the major components for making the feed. Other key
ingredients in fish feed include vegetable proteins, vitamins, minerals and cereal grains. Trash
fish is also considered as fish feed, wherein fish that is caught is fed directly to larger species
that grow in aquatic pens.
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The major factors affecting the Aquatic Feed market include the rising populations, the rise
in income leading to increased demand for seafood, the rapid urbanization and a strong
expansion of the seafood production industry aided by technological advancements making
for better distribution and storage. The market is also bolstered by the rise in demand for
natural health supplements of which omega-3 fatty acids derived from certain species of fish
is a major component. The soaring prices of materials needed for aquatic feed production is
one of the restraints of the market along with the fact that the industry is profitable only with
large-scale production.
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Market Segmentation
5.1 Ingredient
5.1.1 Introduction
5.1.2 Soybean
5.1.3 Corn
5.1.4 Fish Meal
5.1.5 Fish Oil
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5.1.6 Additives
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Ingredient
5.1.9 Market Attractiveness Analysis, By Ingredient
5.1.10 Market Share Analysis, By Ingredient
Additive
5.2.1 Introduction
5.2.2 Antibiotics
5.2.3 Vitamins
5.2.4 Antioxidants
5.2.5 Amino Acids
5.2.6 Feed Enzymes
5.2.7 Feed Acidifiers
5.2.8 Other Additives
5.2.9 Y-o-Y Growth Analysis, By Additive
5.2.10 Market Attractiveness Analysis, By Additive
5.2.11 Market Share Analysis, By Additive
End User
5.3.1 Introduction
5.3.2 Fish
5.3.2.1 Tilapia Feed
5.3.2.2 Salmon Feed
5.3.2.3 Carp Feed
5.3.2.4 Catfish Feed
5.3.3 Molluscs
5.3.3.1 Oyster Feed
5.3.3.2 Mussel Feed
5.3.4 Crustaceans
5.3.4.1 Shrimp Feed
5.3.4.2 Crab Feed
5.3.5 Others
5.3.6 Y-o-Y Growth Analysis, By End User
5.3.7 Market Attractiveness Analysis, By End User
5.3.8 Market Share Analysis, By End User
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The North America Aquatic Feed market is broadly classified by Ingredient into Soybean,
Corn, Fish Meal, Fish Oil, Additives and Others, based on additive type into Antibiotics,
Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and Other Additives,
and by End User into Fish Feed such as Tilapia, Salmon, Carp and Catfish Feed, Molluscs
such as Oyster Feed and Mussel Feed, Crustaceans such as Shrimp Feed and Crab Feed
and Others. Based on geography, the North America market is analyzed under USA and
Canada. The North American market has the second market share globally in spite of having
a low growth rate in recent years. This is expected as the scope for development in the region
is quite low and the entrant of new players into the market is not encouraged by the presence
of major market players native to the region.
The Aquatic Feed market is highly competitive with a large number of players. Key market
players dominating the market with their products are Cargill Inc, BioMar group, Waterbase
Ltd, BASF SE, Alltech Inc, Coppen International, Evonik Industries, Archer Daniels Midland
Company, Ridley Corporation, Nutreco NV, Avanti Feeds Ltd and Ewos.
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Author
Bhargav
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