Aqua Feed Market Size, Share, Industry & Opportunities [2031]

Segments - European Aqua Feed Market by Animal Types (Mollusks, Trout, Crustaceans, Fish, and Others), Fish species (Eel, Atlantic Salmon, Seabass, Sturgeons, Catfish, and Others), Ingredients (Fishmeal, Supplements, Cereals, Cereals By-product, and Others), and Geography (France, Italy, Spain, Germany, Norway, United Kingdom, and Rest of the Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The aqua feed market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during 2023–2031. Growth of the market is attributed to introduction of new programs, species and strategies to encourage the aquaculture by the European commission also rapid increase of fish farming in the region.

Aqua feed is a combination of additive, supplement, and raw materials acquired either from natural or synthetic sources and are fed to aquaculture. Additives includes minerals, vitamins, amino acid, probiotics, flavor, and common additives to make a fish feed.

As compared to the other form of meat, fish is low in fat and rich source of protein and vitamins primarily used by humans for direct consumption. Fish has witnessed the drastic change in the demand curve owing to consumer’s preference for the variety of flavors, and types of fish species available in retail market.

The aqua feed market is majorly boosted by the factors such as rising awareness of consumers towards protein content in fish food and availability of marine feed resources, enhancement in technologies that produces the high quality feed.

European Aqua Feed Market Trends, Drivers, Restraints, and Opportunities

Rising awareness about the health benefits of consumption of seafood is expected to drive the market during the forecast period.
Increasing demand for low-fat and high protein products is estimated to boost the market in the coming years.
Increasing number of fish farming across the region is anticipated to drive the market during the projected period.
Growing number of program and strategies by the authorities to encourage fish farming is expected to propel the market in the coming years.
High cost of operations by European commission is one of the factors that can hinder the growth of the market in the coming years.
R&D and technological advancement towards the production of high quality fish feed is estimated to be one of the factor that can fuel the market.

Scope of European Aqua Feed Market Report

The report European aqua feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Aqua Feed Market –Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Animal Types (Mollusks, Trout, Crustaceans, Fish, and Others), Fish species (Eel, Atlantic Salmon, Seabass, Sturgeons, Catfish, and Others), Ingredients (Fishmeal, Supplements, Cereals, Cereals By-product, and Others)
Geographical Scope	France, Italy, Spain, Germany, Norway, United Kingdom, and Rest of the Europe
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Cargill, Incorporated; Aller aqua group; BIOMAR GROUP; Nutreco N.V.; Alltech coppens BV.

European Aqua Feed Market Segment Insights

The other animal segment (shrimp) hold major share of the market

On the basis of animal types, the market is segregated into mollusks, trout, crustaceans, fish, and other animal types. The other animal type segment (shrimp) holds a major share of the market and is considered one of the major aqua culture commodities across region which contributes the growth of the market during the forecast period.

The other fish species segment accounts key share of the market

Based on fish species, the market is differentiated into eel, atlantics salmon, sea bass, sturgeons, catfish, and other fish species. The other fish species segment accounts key share of the market owing to species such as tilapia and carp, tilapia is one of the farmed fish around in 135 countries and carp is extensively reared species, due to its dynamic in nature adaptable according to the climate changes.

The fishmeal segment is expected to exhibit high CAGR

In the terms of ingredients, the market is bifurcated into fishmeal, supplements, cereals, cereals by-product, and other ingredients. The fishmeal segment is expected to exhibit high CAGR during the forecast period due to extensive production of fishmeal and fish oil in the region which was around 500,000 metric tons of fish meal and 170,000 metric ton of fish oil in the year 2017.

Segments

The aqua feed market has been bifurcated on the basis of

Animal types

Mollusks
Trout
Crustaceans
Fish
Others

Fish species

Eel
Atlantic Salmon
Seabass
Sturgeons
Catfish
Others

Ingredients

Fishmeal
Supplements
Cereals
Cereals By-product
Others

Geography

France
Italy
Spain
Germany
Norway
United Kingdom
Rest of the Europe

Key players

Cargill, Incorporated
Aller aqua group
BIOMAR GROUP
Nutreco N.V.
Alltech coppens BV

Competitive Landscape

Key players competing in the European aqua feed market include Cargill, Incorporated; Aller aqua group; BIOMAR GROUP; Nutreco N.V.; Alltech coppens BV.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In August 2021, Aller aqua group and world leading halibut farmers Sterling White halibut sign a 6 years contract for highly skilled specialist fish farming.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aqua Feed Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Aqua Feed Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Aqua Feed Market - Supply Chain
  4.5. Global Aqua Feed Market Forecast
     4.5.1. Aqua Feed Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Aqua Feed Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Aqua Feed Market Absolute $ Opportunity
5. Global Aqua Feed Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Aqua Feed Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Aqua Feed Demand Share Forecast, 2019-2026
6. North America Aqua Feed Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Aqua Feed Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Aqua Feed Demand Share Forecast, 2019-2026
7. Latin America Aqua Feed Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Aqua Feed Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Aqua Feed Demand Share Forecast, 2019-2026
8. Europe Aqua Feed Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Aqua Feed Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Aqua Feed Demand Share Forecast, 2019-2026
9. Asia Pacific Aqua Feed Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Aqua Feed Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Aqua Feed Demand Share Forecast, 2019-2026
10. Middle East & Africa Aqua Feed Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Aqua Feed Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Aqua Feed Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Aqua Feed Market: Market Share Analysis
  11.2. Aqua Feed Distributors and Customers
  11.3. Aqua Feed Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cargill, Incorporated
     11.4.2. Aller aqua group
     11.4.3. BIOMAR GROUP
     11.4.4. Nutreco N.V.
     11.4.5. Alltech coppens BV