The aquafeed market is projected to reach USD 71.6 billion by 2025; it was estimated at USD 50.6 billion in 2020, recording a CAGR of 7.2% from 2020-2025
The aquafeed market is estimated to account for USD 50.6 billion in 2020 and is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period
The aquafeed market is estimated to account for USD 47.3 billion in 2019 and is projected to reach USD 71.7 billion by 2025, recording a CAGR of 7.2% during the forecast period.
The market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets.
The aquafeed market is projected to grow from USD 107.82 billion in 2017 to reach USD 172.56 billion by 2022 at a CAGR of 9.9%. The increasing demand for aquatic food products from the aquaculture industry are resulting in market growth for the aquafeed p
In terms of the region, Europe is projected to be the fastest-growing market for aquafeed between 2017 and 2022. Norway, Germany, Spain, France, the U.K., and Greece are the major countries covered in Europe.
The European region is projected to be the fastest-growing market for aquafeed between 2017 and 2022. The European market experiences the maximum consumption of aquafeed due to the increased consumption of seafood, flexibility in using secondary raw mater
Aquafeed Market report categorizes the global market by Ingredient (Soybean, Corn, Additives, Fish oil), End User (Fish, Mollusks, and Crustaceans), Additive (Antibiotics, Vitamins, Feed enzymes), and Region
The global aquafeed market is estimated to be valued at USD 107.82 Billion in 2017 and projected to reach USD 172.56 Billion by 2022
The global aquafeed market has been segmented on the basis of end user, ingredients, and additives.
[171 Pages Report] Aquafeed Market report categorizes the global market by Ingredient (Soybean, Corn, Additives, Fish oil), End User (Fish, Mollusks, and Crustaceans), Additive (Antibiotics, Vitamins, Feed enzymes), and Region