United States Aquafeed Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
United States Aquafeed Market Size- By Ingredient, By Additives, By Species, By Product Form- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: FOOD2457 | Pages: 1 - 102 | Formats*: |
| Category : Food & Beverages | |||
United States Aquafeed Market Introduction and Overview
According to SPER Market Research, the United States Aquafeed Market is estimated to reach USD 23.88 billion by 2033 with a CAGR of 7.35%.
The report includes an in-depth analysis of the United States Aquafeed Market, including market size and trends, product mix, Applications, and supplier analysis. Aquafeed is a form of feed manufactured from a range of materials and fed to animals. Aquafeeds are primarily designed to meet the nutritional requirements of the animal's normal physiological functioning. These functions include the maintenance of the body's very effective natural immune system, as well as reproduction and development. The aquafeed has a limited shelf life and special handling needs. These feeds must be handled cautiously. Aquafeeds are compounded meals designed for nautical animals using a variety of primary materials and additives. These combinations are grouped according to the species' specific requirements as well as the age of the animals. Aquafeed has become essential to the aquaculture sector due to its nutritional, safe-keeping, and growth-promoting qualities.
- Skretting and BioMar established a partnership in July 2023 to create new sustainable and nutritious aquafeed components, with an emphasis on alternative protein sources such as insect meal and algae.
- In June 2021, ADM plans to extend its aquaculture enterprises and manufacturing capabilities in China by introducing Life Defense and Ocialis fish and shrimp feeds to the market.
- In June 2021, S2G Ventures invested $100 billion in ocean and seafood enterprises. The corporation has released the names of the first five companies to which it has made payments: ReelData, ViAqua Therapeutics, Moleaer, and the names of the last two companies were not disclosed.
Market Opportunities and Challenges
Opportunities: The growing demand for aquaculture products as a result of the aquaculture industry's expansion and rising seafood consumption is a major driver of the US aquafeed market. As wild fish supplies face issues such as overfishing and environmental concerns, aquaculture has emerged as a critical source of seafood supply to fulfill global demand. This expansion in the aquaculture sector directly translates into a greater need for aquafeed. Furthermore, growing awareness of environmental sustainability is a key factor impacting the US Aquafeed market. Sustainable practices are increasingly recognized as crucial for the long-term health of the aquaculture business, in response to consumer and stakeholder concerns.
Challenges: The availability of raw materials and price fluctuations are two of the biggest issues facing the US aquafeed market. Protein and fat sources are frequently combined in aquafeed formulae, and many of these sources come from agricultural and marine products. Variations in the cost and content of aquafeed can be significantly impacted by changes in the availability and cost of ingredients such as fishmeal and fish oil. Events related to climate change, worries about overfishing, and changes in the worldwide market all add to the volatility of raw material prices, which makes it challenging for companies that produce aquafeed to keep production costs constant.
Market Competitive Landscape
The market analysis also contains a section dedicated exclusively to such big firms, in which our specialists provide insights into all of the major players' financial statements, as well as product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analyses for the aforementioned global competitors. The market's top companies include 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, and 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 Ingredient, By Additives, By Species, By Product Form |
| Regions covered | West United States, East United States, North United States, South United States |
| Companies Covered | 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. |
COVID-19 Impact on United States Aquafeed Market
The Coronavirus has had a negative impact on the aquaculture supply chain. Employees have been prevented from traveling outside of the country for job purposes, reducing global economic output. Furthermore, the limits imposed on international air travel have resulted in reduced air freight capacity and dramatically increased air freight pricing, affecting species such as lobster, salmon, sea bass, and tilapia produced for fresh export markets. The COVID-19 epidemic also had an impact on worker safety in seafood processing plants, where personnel worked closely with conveyor belts. COVID-19 grows quickly in such an environment, albeit the problems were not as serious as in pig, beef, and poultry processing industries in the United States.
Key Target Audience
- Aquaculture Farmers
- Aquaculture Feed Distributors
- Aquaculture Researchers and Scientists
- Feed Manufacturers
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Pet Food Manufacturers
- Research and Development Institutions
- Retailers and Wholesalers
- Veterinarians and Nutritionists
Our in-depth analysis of the United States Aquafeed Market includes the following segments:
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Key Topics Covered in the Report
- United States Aquafeed Market Size (FY’2024-FY’2033)
- Overview of United States Aquafeed Market
- Segmentation of United States Aquafeed Market By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others)
- Segmentation of United States Aquafeed Market By Additives (Amino Acids, Vitamins & Minerals, Prebiotics & Probiotics, Enzymes, Antibiotics, Others)
- Segmentation of United States Aquafeed Market By Species (Carps, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater Crustaceans, Trout, Others)
- Segmentation of United States Aquafeed Market By Product Form (Pellets, Extruded, Powdered, Liquid)
- Statistical Snap of United States Aquafeed Market
- Expansion Analysis of United States Aquafeed Market
- Problems and Obstacles in United States Aquafeed Market
- Competitive Landscape in the United States Aquafeed Market
- Impact of COVID-19 and Demonetization on United States Aquafeed Market
- Details on Current Investment in United States Aquafeed Market
- Competitive Analysis of United States Aquafeed Market
- Prominent Players in the United States Aquafeed Market
- SWOT Analysis of United States Aquafeed Market
- United States Aquafeed Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States Aquafeed Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Aquafeed Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Aquafeed Market
7. United States Aquafeed Market, By Ingredient (USD Million) 2020-2033
7.1. United States Aquafeed Market Size, Share and Forecast, By Ingredient, 2020-20267.2. United States Aquafeed Market Size, Share and Forecast, By Ingredient, 2027-20337.3. Soybean7.4. Fish Meal7.5. Corn7.6. Fish Oil7.7. Additives7.8. Others
8. United States Aquafeed Market, By Additives (USD Million) 2020-2033
8.1. United States Aquafeed Market Size, Share and Forecast, By Additives, 2020-20268.2. United States Aquafeed Market Size, Share and Forecast, By Additives, 2027-20338.3. Amino Acids8.4. Vitamins & Minerals8.5. Prebiotics & Probiotics8.6. Enzymes8.7. Antibiotics8.8. Other
9. United States Aquafeed Market, By Species (USD Million) 2020-2033
9.1. United States Aquafeed Market Size, Share and Forecast, By Species, 2020-20269.2. United States Aquafeed Market Size, Share and Forecast, By Species, 2027-20339.3. Carps9.4. Marine Shrimps9.5. Tilapias9.6. Catfish9.7. Marine Fishes9.8. Salmons9.9. Freshwater Crustaceans9.10. Trout9.11. Others
10. United States Aquafeed Market, By Product Form (USD Million) 2020-2033
10.1. United States Aquafeed Market Size, Share and Forecast, By Product Form, 2020-202610.2. United States Aquafeed Market Size, Share and Forecast, By Product Form, 2027-203310.3. Pellets10.4. Extruded10.5. Powdered10.6. Liquid10.7. Others
11. United States Aquafeed Market Forecast, 2020-2033 (USD Million)
11.1. United States Aquafeed Market Size and Market Share
12. United States Aquafeed Market, By Region, 2020-2033 (USD Million)
12.1. United States Aquafeed Market Size and Market Share By Region (2020-2026)12.2. United States Aquafeed Market Size and Market Share By Region (2027-2033)12.3. West United States12.4. East United States12.5. North United States12.6. South United States
13. Company Profile
13.1. The Archer Daniels Midland Company13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Ridley USA Inc13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Cargill Animal Nutrition13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Nutreco USA Inc13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Alltech Inc13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Nutraid USA13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Novus International Inc13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Skretting AS13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Purina Animal Nutrition13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Charoen Pokphand USA Inc13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. Conclusion
15. List of Abbreviation
16. 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.
Frequently Asked Questions About This Report
United States Aquafeed Market is projected to reach USD 23.88 billion by 2033, growing at a CAGR of 7.35% during the forecast period.
United States Aquafeed Market grew in Market size from 2022. The Market is expected to reach USD 23.88 billion by 2033, at a CAGR of 7.35% during the forecast period.
United States Aquafeed Market CAGR of 7.35% during the forecast period.
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United States Aquafeed Market size is USD 23.88 billion from 2024 to 2033.
United States Aquafeed Market Segment is covered By Ingredient, By Additives, By Species, By Product Form.
The North America is anticipated to have the highest Market share in the United States Aquafeed Market.
The key players in the Market include Companies Covered 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.
Aquafeed has become essential to the aquaculture sector due to its nutritional, safe-keeping, and growth-promoting qualities.
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