Sustainable Aquaculture Feed and Nutrition Market Valued at $13.1 Billion by 2030 – Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. has announced the release of a market assessment report on “Global Sustainable Aquaculture Feed and Nutrition Market – By Ingredient (Amino Acids, Phosphates, Vitamins, Acidulants, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Antibiotics, Minerals, Antioxidants, Non-Protein Nitrogen, Plant-derived Substances, Probiotics, Other Ingredients), Feed (Algae, Insects, Single Cell Protein), Trends, Industry Competitive Analysis, Revenue, Forecast to 2030.”
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According to the latest research from InsightAce Analytic, the global sustainable feed and nutrition for aquaculture market is valued at USD 5.24 billion in 2021 and is expected to reach USD 13.1 billion by 2030, growing at a CAGR of 10.9% during the forecast period 2024-2031.
The importance of sustainable feed in aquaculture
The health and production of aquaculture is directly related to the nutrition and diet of aquatic organisms. Sustainable aquaculture practices,
This includes the use of sustainable feed and contributes to the following improvements:
• Quality of seafood products
• Feed availability
• Animal Health
Sustainable feed also supports the health of the entire ecosystem. Aquatic organisms grow optimally and remain healthy when fed a balanced, nutritious diet. Aquaculture feed typically provides fish with essential ingredients, immune stimulants and medicines to support the health of the animals.
Market growth drivers
The global sustainable aquaculture feed and nutrition market has grown due to several factors.
• Increasing demand for fish products: Increasing consumer demand for fish and seafood is a major driver.
• Health-conscious consumers: More and more health-conscious consumers are seeking sustainably sourced, nutritious seafood.
• Growing world population: As the world population increases, the demand for protein sources such as fish also increases.
Factors driving market expansion
There are several factors driving further market expansion.
• Adoption of innovative technologies: Advances in feed production technology are creating more sustainable and efficient feed options.
• Environmental concerns: Growing awareness of the environmental impact of animal products, including their carbon footprint, is leading to aquaculture moving towards more sustainable methods.
• Benefits of Algae-Based Feed: Increasing awareness of the health benefits associated with sustainable algae-based feed ingredients is influencing consumer choices and market trends.
Demand for premium feed
The increasing demand for premium aquaculture products is driving the need for sustainable feed solutions, a trend that is expected to continue and drive the development of more sustainable feed and nutrition options for the aquaculture market in the coming years.
Market Challenges
However, the market also faces several challenges.
• Sustainable ingredients: Ensuring a steady supply of sustainable feed ingredients that meet the diverse nutritional needs of different fish species remains a complex challenge.
• Lack of Regulation: Absence of clear and well-defined regulations and standards for sustainable feed production is likely to hinder the market growth during the forecast period.
By addressing these challenges and continuing to develop innovative solutions, a sustainable feed and nutrition market for aquaculture can play a key role in ensuring a healthy, sustainable and secure future for the industry.
North America is expected to be a major contributor to the sustainable feed and nutrition for aquaculture market over the forecast period, owing to the growth in aquaculture business and strong demand for fish products.
The need for sustainable aquaculture solutions is fueled by the growing demand for high-quality aquaculture feed, which is likely to drive the development of sustainable feed and nutrition for aquaculture market in the coming years. Moreover, the sustainable feed and nutrition for aquaculture market in Europe is expected to grow significantly during the forecast period as farmers are becoming more conscious of sustainable feed and the growing demand for animal protein and feed. Increasing consumption of fish and seafood in the region is one of the major factors driving the market for sustainable feed and nutrition for aquaculture.
Key market players operating in the sustainable aquaculture feed and nutrition market include Protix (Netherlands), Nutrition Technologies Group (Singapore), F4F (Australia), Innovafeed (France), Ynsect (France), Beta Hatch (USA), nextProtein (France), Insect Feed Technologies (Singapore), NASEKOMO (Bulgaria), Entobel (Singapore), Corbion (Netherlands), Algae (Norway), Alltech (Nicholasville), Pond Technologies (Canada), Feed Algae (UK), Cargill (USA), Cellana (USA), DSM (Netherlands), and Algatechnologies (Israel).
Recent collaborations and agreements in the market:
• In October 2021, Entobel partnered with AquaBIO5 to develop insect-based products for aquaculture applications. The partnership aims to provide pathogen-free shrimp and fish products with an emphasis on good digestion, assimilation, growth and survival of early stage shrimp and fish.
• In March 2021, Cargill (US) launched a new direction for sustainable seafood in collaboration with aquaculture farmers. Cargill’s newest program, SeaFurther Sustainability, helps farmers produce more environmentally friendly seafood while reducing aquaculture’s carbon footprint and protecting the oceans.
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Market Segments
Global Sustainable Aquaculture Feed and Nutrition Market, by Ingredient, 2022-2030 (Value USD Million)
• Amino acids
• Phosphates
• Vitamins
• Oxidant
• Carotenoids
• Enzymes
• Mycotoxin detoxifier
• Antibiotics
• Minerals
• Antioxidants
• Non-protein nitrogen
• Plant-derived ingredients
• Probiotics
• Other materials
Global Sustainable Aquaculture Feed and Nutrition Market, by Feed, 2022-2030 (Value USD Million)
• Algae
• Insects
• Single cell proteins
Global Sustainable Aquaculture Feed and Nutrition Market, by Region, 2022-2030 (Value USD Million)
• North America
• Europe
• Asia Pacific
• latin america
• Middle East and Africa
North America Sustainable Aquaculture Feed and Nutrition Market, by Country, 2022-2030 (Value USD Million)
• we
• Canada
European Sustainable Aquaculture Feed and Nutrition Market, by Country, 2022-2030 (Value USD Million)
• Germany
• France
• Italy
• Spain
• Russia
• Other Europe
Asia Pacific Sustainable Aquaculture Feed and Nutrition Market, by Country, 2022-2030 (Value USD Million)
• India
• China
• Japan
• South Korea
• Australia and New Zealand
Latin America Sustainable Aquaculture Feed and Nutrition Market, by Country, 2022-2030 (Value USD Million)
• Brazil
• Mexico
• Other Latin American countries
Middle East and Africa Sustainable Aquaculture Feed and Nutrition Market, by Country, 2022-2030 (Value USD Million)
• GCC countries
• South Africa
• Rest of the Middle East and Africa
Reasons to buy this report:
Receive a comprehensive analysis of the global aquaculture sustainable feed and nutrition market outlook
To know the industry overview and future trends of the Sustainable Aquaculture Feed and Nutrition market
To analyze the drivers and challenges of the Sustainable Feed and Nutrition for Aquaculture market.
Obtain information on the projected market value (in million USD) of sustainable feed and nutrition for aquaculture to 2030
Significant investments, mergers and acquisitions in the sustainable aquaculture feed and nutrition market.
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