Fish Feed Market Expected to Reach USD 158.5 Billion by 2032, with a Strong 8.0% CAGR: Key Drivers and Opportunities in the Industry

Exhibiting a CAGR of ~8%, the global fish feed market is slated for impressive growth between 2022 and 2032. Fish feed manufacturers are continuously driven towards increasing their production capacity by building state of art facilities at their sites to improve the quality and efficacy of their fish feed and boost the species performance and digestibility. Though subjected to squeezed cash flow, likely Greenfield announcements are on hold, and brownfield expansion may resume by the end of next quarter.

The cultivation of newly discovered species, as well as their rising applications in the feed sector, are significant drivers of growth in the fish feed market. New aquatic life, which has more protein and nutrients, is gaining favour as a replacement for earlier aquatic products. The growing demand for better and more effective substitutes will propel the fish feed market forward.

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The increasing frequency of disease outbreaks in the last few years is adversely affecting the production of major aquaculture species, including tilapia and shrimp. To contain this and ensure uninterrupted production, businesses will extensively invest in research and development activities. Such initiatives are likely to have a positive impact on the overall market.

The rising demand for organic food will also give impetus to the market. Driven by prevailing market forces, companies are likely to focus on "organic" certification. This is a key trend to look forward to in the fish feed market.

Key Takeaways from the Fish feed Market Study

"The demand for commercially produced feed, water treatment products, feed additives, fertilizers, and vaccines will increase in the coming years. Recently genetics and animal health products have become more sophisticated. This will aid in the development of feed of desired effect," said an FMI analyst.

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Market Segmentation

Product Type

Form

End Use Application

Distribution Channel

Who is winning?

A few of the companies operating in the fish feed market are Cargill, Inc., Norel SA, Koninklijke DSM N.V., Aller Aqua A/S, BioMar Group, Zeigler Bros., Inc., Archer Daniel Midland, Skretting AS, Nutreco N.V., Biomin Holding GmbH, Dibaq Diproteg SA.

These companies are primarily focusing on developing innovative fish feed products. Besides this, some of them are emphasizing on acquisitions and investment in research and development of advanced technologies to launch novel products. For instance

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Table of Content

1.1. Market Coverage / Taxonomy

1.2. Market Definition / Scope / Limitations

2.1. Global Fish Feed Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2022-2026) and Long Term (2027-2032)

2.1.1. Optimistic Scenario

2.1.2. Likely Scenario

2.1.2.1. China

2.1.2.2. US

2.1.2.3. India

2.1.2.4. Euro Zone

2.1.2.5. Asia Pacific

2.1.2.6. Rest of the World

2.1.3. Pessimistic Scenario

2.2. Key Factors Impacting the Market

2.3. Note: Market Assessment shall be Provided for Likely Scenario

3.1. Drivers

3.1.1. Supply Side Drivers

3.1.2. Demand Side drivers

3.1.3. Economic Side Drivers

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