North America Commercial Aqua Feed Market

North America Commercial Aquafeed Market Size (2024 to 2029):

The North American commercial aquafeed market size is expected to reach USD 52.55 billion in 2024 and reach USD 77.16 billion by 2029, growing at a CAGR of 8.58% from 2024 to 2029.

Manufactured feeds are a significant part of the modern aquaculture industry. They provide the balanced nutrition needed by farm fish. The feeds are available in the form of granules or pellets and provide nutrition in a stable and concentrated form, enabling the fish to feed efficiently and grow up to their full potential.

Many of the fish brought up in farms around the world today are carnivorous, such as the Atlantic salmon, trout, sea bass, and turbot. In the early development of fish feeding which has hence evolved into the modern aquaculture, fishmeal and fish oil were key components of the feeds for these species. They are combined with other ingredients such as vegetable proteins, cereal grains, vitamins and minerals and made into feed pellets. Wheat, for example, is widely used as it helps to bind the ingredients in the pellets.

The growth of the caseinate market is mainly driven by factors such as population growth, rising disposable income, and rapid urbanization, and is facilitated by the strong expansion of fish production and more efficient distribution channels. As for the restraints of the market, large scale storage of the same for farms is still a problem and the high costs are also turn offs for the market. The industry has to come up with innovative solutions for these problems in order for the market to grow freely.

This research report on the North American commercial aquafeed market is segmented and sub-segmented into the following categories.

North America Commercial Aquafeed Market – By End User:

• Fish
• Molluscs
• Crustaceans

North America Commercial Aquafeed Market – By Ingredients:

• Soybean
• Corn
• Fish Meal
• Fish Oil
• Additives

North America Commercial Aquafeed Market – By Additive:

• Antibiotics
• Vitamins
• Anti-Oxidants
• Amino Acids
• Feed Enzymes
• Feed Acidifiers

North America Commercial Aquafeed Market – By Country:

• The U.S
• Canada
• Rest of North America

Based on geography, the North America market is analysed under USA and Canada. The North American market has the largest market share globally inspite of the having a low growth rate in recent years. This is expected as the scope for development in the region is quite low and the entrant of new players into the market is not encouraged by the presence of major market players native to the region.

KEY MARKET PLAYERS:

The commercial aquafeed market is highly competitive with a large number of players. Key market players dominating the market with their products are Archer Daniels Midland Company, Ridley Corporation Limited, Cargill, Nutreco N.V., and Avanti Feeds Ltd.; these are well-established and financially stable players that have been operating in the industry for several years. Other players include Purina Animal Nutrition LLC, Nutriad, Alltech, Biostadt India Limited, Aller Aqua A/S, Biomar, BIOMIN Holding GmbH, Norel Animal Nutrition, Dibaq A.S, and De Heus Animal Nutrition.