Change in consumer preference towards seafood is expected to drive the growth of the US aquafeed market. According to TechSci Research report, “United States Aquafeed Market By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others), By Additives (Amino Acids, Vitamins & Minerals, Prebiotics & Probiotics, Enzymes, Antibiotics, Other), By Species (Fish, Crustaceans, Molluscs, Other), By Form (Dry Form, Wet Form, Moist Form), By Lifecycle (Grower feed, Finisher feed, Starter feed, Brooder feed), By Region, Competition, Forecast & Opportunities, 2025”, US aquafeed market is expected to register substantial CAGR during the forecast period.
The Important Elements of the US Aquafeed Market
aquafeed is added to improve omega 3 and protein concentration and thereby assists in the healthy growth of fish and crustacean species, which is one of the major factors accounting for the growth of the United States aquafeed market. Moreover, aquafeed helps in preventing viral outbreaks of common bacterial & fungal diseases such as fin rot, and dropsy, among others, which is further expected to bode well for the growth of the USaquafeed market through the forecast period.
In addition to this, increasing demand for raw fish delicacies is expected to positively influence the growth of the United States aquafeed market in the years to come. Also, an upsurge in demand for processed and fast food is further making headway for the growth of the US aquafeed market over the coming years. Some of the challenges that are anticipated to hamper the aquafeed market in the years to come are increasing raw material costs and stringent market regulations in seawater fishing.
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The US aquafeed market can be segmented based on ingredients, additives, species, form, lifecycle, and region. Based on additives, the market can be categorized into amino acids, vitamins & minerals, prebiotics & probiotics, enzymes, antibiotics, and others. Out of which, the amino acids segment dominated the market until 2019 and is expected to maintain its dominance during the forecast period as well. Amino acids are essential in animal nutrition as it plays a vital role in the growth, production, and overall maintenance of aquatic animal health. In addition to this, these amino acids provide an enormous amount of energy required for the growth of muscles and bones for muscle movement, digestion, and blood circulation. On account of the aforementioned factors, the amino acids segment is projected to dominate the aquafeed market through the forecast period.
The Major Competitors of the United States Aquafeed Market
- The Archer Daniels Midland Company
- Ridley USA Inc.
- Cargill Animal Nutrition
- Nutreco USA Inc
- Alltech Inc.
- Nutraid USA
- Novus International Inc.
- Skretting AS
- Purina Animal Nutrition
- Charoen Pokphand USA Inc. is among the leading player operating in the United States aquafeed market. The players are adopting several growth strategies to enhance the market scenario of aquafeed. Other competitive strategies include mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio to strengthen their market position.
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The United States aquafeed market is expected to register substantial growth in the next 5 years on account of high consumer demand for convenience and processed seafood. Furthermore, growing health consciousness and dietary habits in the region are leading to a transition from a high carbohydrate-based diet to one that is rich in proteins, which is further anticipated to boost the market growth for aquafeeds over the coming years. Along with this, various government initiatives to increase production of certified sustainable seafood is expected to contribute to the growing trend in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Aquafeed Market By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others), By Additives (Amino Acids, Vitamins & Minerals, Prebiotics & Probiotics, Enzymes, Antibiotics, Other), By Species (Fish, Crustaceans, Molluscs, Other), By Form (Dry Form, Wet Form, Moist Form), By Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of the United States aquafeed market and provides statistics & information on market size, structure, and market growth future. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States aquafeed market.
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