United States Aquafeed Market to Grow with a CAGR of 7.02% through 2029
Surge in research and development activities is expected to drive the United States Aquafeed Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “United States Aquafeed Market – By Region and Competition, Forecast & Opportunities, 2029F”,
the United States Aquafeed Market stood at USD 1.74 Billion in 2023 and is
anticipated to project steady growth in the forecast period with a CAGR of 7.02% through 2029. The U.S. aquafeed market is driven by several key factors. A significant driver is the growing demand for seafood, along with the rapid expansion of the aquaculture industry nationwide. Technological advancements in aquafeed production and the development of specialized diets tailored to various fish species have further fueled market growth. The increasing prevalence of fish farming and the adoption of sustainable farming practices are also contributing to the market's expansion. Additionally, government initiatives supporting the aquaculture sector play a pivotal role in driving the growth of the U.S. aquafeed market.
The surge in research and development (R&D) activities is expected to drive the U.S. aquafeed market due to several factors. R&D efforts are leading to innovations in feed formulations that improve the nutritional content and efficiency of aquafeeds, tailored to the specific needs of different fish species. These advancements help optimize feed conversion ratios, reduce waste, and promote healthier fish growth, which in turn enhances the profitability and sustainability of aquaculture operations.
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The United
States Aquafeed Market is segmented into ingredient, additives, species, form,
lifecycle, regional distribution, and company.
Based on Form, Wet Form of aquafeed has established its dominance in the United States market,
due to its exceptional qualities and numerous benefits. Renowned for its easy digestibility, high nutritional value, and excellent palatability, this aquafeed has become the preferred choice for aquaculture farmers nationwide. Its carefully balanced moisture content not only enhances flavor but also plays a vital role in promoting optimal growth and overall health in aquatic species. By delivering a comprehensive blend of essential nutrients, vitamins, and minerals, Wet Form aquafeed supports the well-being and productivity of aquaculture operations, contributing to the industry's sustainability and success. With a proven track record of supporting healthy aquatic ecosystems and fostering robust fish populations, Wet Form aquafeed remains a trusted and dependable option for aquaculture professionals across the country.
Based on Region, West have emerged as the fastest growing region in the United States Aquafeed Market during the forecast period. Key states such as Washington and California are leading contributors, driven by their robust aquaculture industries, particularly in shellfish and finfish farming. The region's strong focus on sustainable aquaculture practices, combined with advancements in recirculating aquaculture systems (RAS) and other innovative technologies, is fostering rapid growth. Additionally, increasing investments in research and development, along with supportive government policies, are further accelerating the expansion of the aquafeed market in the West.
Major companies
operating in the United States Aquafeed Market are:
- Archer-Daniels-Midland Company
- Ridley USA Inc.
- Cargill Animal Nutrition (Cargill, Inc.)
- Nutreco USA Inc.
- Alltech Inc.
- Adisseo USA INC.
- Novus International Inc.
- Skretting USA
- Purina Mills, LLC
- C.P. Food Products, Inc.
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“Nanotechnology is emerging as a transformative factor in the U.S. aquafeed market, offering innovative solutions to improve the efficiency and sustainability of aquaculture operations. By utilizing nanoparticles, nanotechnology enhances the delivery and absorption of nutrients in aquafeeds, leading to better feed conversion rates and optimized growth in aquatic species. This technology allows for the development of more precise and efficient feed formulations that target specific nutritional needs at the cellular level, thereby improving the overall health and productivity of farmed fish and shrimp,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“United States Aquafeed Market By Ingredient (Soybean, Fish Meal, Corn, Fish Oil, Additives, Others), By Additives (Amino Acids, Vitamins & Minerals, Prebiotics & Probiotics, Enzymes, Antibiotics, Other), By Species (Fish, Crustaceans, Molluscs, Other), By Form (Dry Form, Wet Form, Moist Form), By Lifecycle (Grower feed, Finisher feed, Starter feed, Brooder feed), By Region, Competition, Forecast & Opportunities, 2019-2029F”,
has evaluated the future growth potential of United States Aquafeed Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States Aquafeed Market.
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