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
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
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Rising awareness about the health benefits of consumption of seafood is expected to drive the market during the forecast period.
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Increasing demand for low-fat and high protein products is estimated to boost the market in the coming years.
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Increasing number of fish farming across the region is anticipated to drive the market during the projected period.
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Growing number of program and strategies by the authorities to encourage fish farming is expected to propel the market in the coming years.
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High cost of operations by European commission is one of the factors that can hinder the growth of the market in the coming years.
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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.
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 (000’ 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