North America Aquafeed Market Introduction and Overview
According to SPER Market Research, the North America Aquafeed Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.13%.
The report includes an in-depth analysis of the North America Aquafeed Market, including market size and trends, product mix, applications, and supplier analysis. The word "aquafeed" refers to specialized feed combinations designed for marine animals raised in aquaculture systems. These feeds are developed to meet the specific dietary needs of different species and developmental stages, promoting normal development, efficient feed conversion, and optimal production yields. To offer balanced nutrition, aquafeeds often contain a variety of substances like as fishmeal, plant proteins, vitamins, and minerals. They contribute significantly to the expansion and sustainability of the aquaculture sector by providing crucial nutrients required for the health and welfare of farmed aquatic species.
- October 2023; A new aquafeed based on algae was presented by Skretting. With the help of algae, this feed seeks to replace conventional fish oil and fishmeal, giving farmed fish a high-quality, sustainable nutritional substitute and lowering dependency on marine resources.
- April 2024; A new range of environmentally friendly aquafeed products developed by Bio Mar is designed to have a smaller environmental impact. In order to support environmentally friendly aquaculture methods, this line of feeds includes products that make use of creative ingredients and substitute protein sources.
Market Opportunities and Challenges
Opportunities: Global fish consumption has significantly increased in recent years. Fish is now a popular option for many people and families as people become more health-conscious and aware of its nutritional advantages. The realization that fish is a great source of high-quality protein, omega-3 fatty acids, vitamins, and minerals is one of the primary causes of the increase in fish consumption. These nutrients are necessary to keep a balanced diet and to advance general health. Furthermore, because it contains less saturated fat than red meat, fish is frequently regarded as a healthier option.
Challenges: The aquafeed market may in fact be constrained by the lack of knowledge about contemporary feeding techniques in North American nations. The persistence of traditional feeding techniques is attributed to a lack of understanding and awareness regarding contemporary aquafeed techniques. Farmers might depend on inferior feeds or even household waste, which could leave the fish they raise malnourished. This may result in decreased overall productivity of aquaculture operations as well as slower growth rates and higher mortality rates. Aquafeed the main source of nutrition for fish raised in aquaculture must be readily available and of high quality in order for aquaculture to succeed and maintaining high quality is a task.
Market Competitive Landscape
The competitive environment in the aquafeed market in North America is defined by the existence of multiple major players who prioritize innovation, sustainability, and calculated expansions in order to secure a competitive advantage. Leading businesses in this sector include Adisseo, Alltech Inc, ADM Animal Nutrition, Cargill Inc, Wilbur-Ellis Nutrition, LLC, Norel Animal Nutrition, Purina Animal Nutrition LLC, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Species, By Ingredient, By Lifecycle
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| Regions covered | United States, Canada, Rest of North America
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| Companies Covered | Adisseo, Alltech Inc, ADM Animal Nutrition, Cargill Inc., Wilbur-Ellis Nutrition, LLC, Norel Animal Nutrition, Purina Animal Nutrition LLC. |
COVID-19 Impact on North America Aquafeed Market
The COVID-19 pandemic had a substantial effect on the aquafeed market in North America. It resulted in problems with the supply chain, difficulties running businesses, and a drop in demand as a result of eateries and the foodservice sector closing. In addition to labour shortages and new health regulations, manufacturers had to deal with delays and higher costs. Although there was a shift in favour of retail, the decline in demand from the foodservice industry was not entirely offset. But the pandemic also increased attention to sustainability and other sources of protein, which sparked innovations in the market to improve food security and resilience.
Key Target Audience:
- Aquaculture Farmers
- Feed Manufacturers
- Distributors and Suppliers
- Research and Development Institutes
- Regulatory Bodies
- Investors and Stakeholders
Our in-depth analysis of the North America Aquafeed Market includes the following segments:
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By Species:
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Fish
Crustaceans
Mollusks
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By Ingredient:
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Soybean
Corn
Fishmeal
Fish oil
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By Lifecycle:
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Starter Feed
Grower Feed
Finisher Feed
Brooder Feed
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Key Topics Covered in the Report:
- North America Aquafeed Market Size (FY’2024-FY’2033)
- Overview of North America Aquafeed Market
- Segmentation of North America Aquafeed Market By Species (Fish, Crustaceans, Mollusks)
- Segmentation of North America Aquafeed Market By Ingredient (Soybean, Corn, Fishmeal, Fish oil, Additives)
- Segmentation of North America Aquafeed Market By Lifecycle (Starter Feed, Grower Feed, Finisher Feed, Brooder Feed)
- Statistical Snap of North America Aquafeed Market
- Expansion Analysis of North America Aquafeed Market
- Problems and Obstacles in North America Aquafeed Market
- Competitive Landscape in the North America Aquafeed Market
- Impact of COVID-19 and Demonetization on North America Aquafeed Market
- Details on Current Investment in North America Aquafeed Market
- Competitive Analysis of North America Aquafeed Market
- Prominent Players in the North America Aquafeed Market
- SWOT Analysis of North America Aquafeed Market
- North America Aquafeed Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Aquafeed Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Aquafeed Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Aquafeed Market
7. North America Aquafeed Market, By Species (USD Million) 2020-2033
7.1. North America Aquafeed Market Size, Share and Forecast, By Species, 2020-2026
7.2. North America Aquafeed Market Size, Share and Forecast, By Species, 2027-2033
7.3. Fish
7.4. Crustaceans
7.5. Mollusks
8. North America Aquafeed Market, By Ingredient (USD Million) 2020-2033
8.1. North America Aquafeed Market Size, Share and Forecast, By Ingredient, 2020-2026
8.2. North America Aquafeed Market Size, Share and Forecast, By Ingredient, 2027-2033
8.3. Soybean
8.4. Corn
8.5. Fishmeal
8.6. Fish oil
8.7. Additives
9. North America Aquafeed Market, By Lifecycle (USD Million) 2020-2033
9.1. North America Aquafeed Market Size, Share and Forecast, By Lifecycle, 2020-2026
9.2. North America Aquafeed Market Size, Share and Forecast, By Lifecycle, 2027-2033
9.3. Starter Feed
9.4. Grower Feed
9.5. Finisher Feed
9.6. Brooder Feed
10. North America Aquafeed Market Forecast, 2020-2033 (USD Million)
10.1. North America Aquafeed Market Size and Market Share
11. North America Aquafeed Market, By Region, 2020-2033 (USD Million)
11.1. North America Aquafeed Market Size and Market Share By Region (2020-2026)
11.2. North America Aquafeed Market Size and Market Share By Region (2027-2033)
11.3. North America
11.4. United States
11.5. Canada
11.6. Rest of North America
12. Company Profile
12.1. Adisseo
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Alltech Inc
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. ADM Animal Nutrition
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Cargill Inc.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Wilbur-Ellis Nutrition, LLC
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Norel Animal Nutrition
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Purina Animal Nutrition LLC.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
