Warm water aquaculture feed are compounded meals formulated for fishes, shrimps, and crustaceans by mixing various raw materials such as sunflower, corn, soybean, fish meal, and fish oil. These blends are formulated based on specific requisite of the species and age. Warm water aquaculture feed plays a vital role in aquaculture industry, owing to its high nutritional content, immune-resistant, and growth-promoting properties of compounded feed. The warm water aquaculture feed market size was valued at $45,696.2 million in 2018 and is expected to reach $60,914.9 million by 2026, registering a CAGR of 3.7% from 2019 to 2026.
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The key factors that drive the growth of the warm water aquaculture feed market include growth in aquaculture and increase in per capita fish consumption to drive the growth of the warm water aquaculture feed market. In addition, introduction of innovative health beneficial warm water aquaculture feed formulations fuels the growth of the global market. However, stringent government regulations and increase in raw material cost are some of the major factors that restrain the market growth. The formulation of warm water aquaculture feed have seen new paradigm shift in the recent years. Function feeds have been developed to cater specific requirements of different fish species. They improve feed utilization, growth and furthermore general health & stress resistance of fish. In addition, they enhance feed efficiency, disease resistance, and growth performance and reduce the cost of production & medication. Therefore, introduction of such feed fuel the growth of the market in the upcoming year.
The warm water aquaculture feed market analysis is based on species, nature, and region. Based on species, the market is classified into Chinese fed carps, tilapia, catfish, milk fish, shrimps, and crustaceans. Based on nature, it is bifurcated into organic warm water aquaculture feed and conventional warm water aquaculture feed. Based on region, the market is studied across Asia-Pacific and Rest of World.
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The key players profiled in the report include Aller Aqua A/S, Alltech Inc., Beneo, Cargill, Incorporated, Charoen Pokphand Foods PCL, Nutreco N.V., Avanti Feeds Ltd, Avanti Feeds Ltd, Biomar Group, and Nutriad.
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KEY MARKET SEGMENTS
Global warm water aquaculture feed market segments
- Chinese Fed Carps
• Milk Fish
o Rest of Asia-Pacific
• Rest of World
o Latin America
Key Market Players Profiled in the Report
- Aller Aqua A/S
• Alltech Inc.
• Cargill, Incorporated
• Charoen Pokphand Foods PCL
• Nutreco N.V.
• Avanti Feeds Ltd
• Avanti Feeds Ltd
• Biomar Group
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