United States Aquafeed Market to Grow with a CAGR of 7.02% through 2029
Expansion of aquaculture facilities &
production and expansion of plant-based aquafeed solutions 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 –Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2019-2029F”,
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 United States
Aquafeed market is primarily driven by several key factors. The increasing
demand for seafood coupled with the burgeoning aquaculture industry across the
country is a significant driver. Advancements in aquafeed
manufacturing technologies and the formulation of specialized diets for
different fish species have also enhanced the growth of this market.
The
rise in fish farming and the implementation of sustainable farming practices
are contributing to the expansion of the aquafeed market in the United States.
Government initiatives supporting the aquaculture industry play a crucial role
in the market's growth.
The United
States aquafeed market has been witnessing a steady growth over the past
decade. As the demand for seafood increases, the need for high-quality feed for
aquaculture species also surges. Aquafeed is a compounded meal that is prepared
specifically for aquatic animals, with the objective of maximizing their
overall growth and reducing the spread of diseases amongst them. It is a vital
component in modern aquaculture, providing the nutrition necessary for optimum
growth of aquatic organisms. The key ingredients include corn, soybean,
fishmeal, fish oil, and additives such as vitamins and minerals.
In the United
States, the aquafeed market is driven by factors such as the rise in fish
consumption, an increase in fish farming, and a surge in demand for fish oil. The advancements in aquafeed products and the development of new
farming practices have added a new dimension to the market. The proliferation
of R&D in the aquafeed sector has led to the production of feeds that are
not only nutritionally complete but also cater to the specific dietary needs of
different species. Companies are focusing on developing innovative products
that enhance the taste and texture of the feed, leading to an increase in its
acceptance among various species.
The market,
however, faces challenges such as the fluctuation in the prices of raw
materials, stringent regulations associated with the inclusion of certain
ingredients, and environmental concerns related to aquaculture practices.
Despite these hindrances, the market is expected to maintain its growth
momentum, backed by the rising popularity of seafood as a healthy protein
source and the introduction of more sustainable farming and feeding practices.
The U.S.
aquafeed market is highly competitive with several international and local
players. To gain a competitive edge, these companies are adopting strategies
such as mergers and acquisitions, product launches, and collaborations. This is
steadily driving the industry towards consolidation, with larger players
acquiring smaller firms to expand their product portfolios and market reach. The
United States aquafeed market is a dynamic and rapidly evolving field, with
significant growth potential. Despite the challenges, the market is poised for
further expansion due to the increasing demand for seafood and the ongoing
innovations in the aquafeed industry. A deeper understanding of the market
dynamics coupled with strategic actions can help stakeholders capitalize on the
opportunities that this market presents.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "United States Aquafeed Market”
The United
States Aquafeed Market is segmented into ingredients, additives, species, form,
lifecycle, regional distribution, and company.
Based on form, the
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 superior palatability, it has
become the preferred choice for aquaculture farmers nationwide. The carefully
balanced moisture content of this aquafeed not only enhances the taste but also
plays a crucial role in promoting optimal growth and overall health in aquatic
species. By providing a well-rounded composition of essential nutrients,
vitamins, and minerals, the Wet Form aquafeed ensures the well-being and
productivity of aquaculture operations, thereby contributing to the
sustainability and prosperity of the industry. With its proven track record of
supporting healthy aquatic ecosystems and fostering thriving fish populations,
the Wet Form aquafeed continues to be a trusted and reliable choice for
aquaculture professionals across the country.
Based on region, the Midwest region of the United States has emerged as a dominant force in the
aquafeed market, owing to a host of compelling factors. The region is blessed
with a profusion of freshwater bodies and aquaculture facilities, which not
only facilitate the local production of fish and seafood but also ensure a
steady supply of high-quality ingredients for aquafeed formulations. The Midwest's thriving agricultural sector acts as a vital backbone for the
aquafeed industry, as it provides an abundance of raw materials such as grains,
oilseeds, and protein sources that form the foundation of nutritious and
sustainable aquafeed. The region's well-established and efficient
infrastructure plays a pivotal role in facilitating seamless distribution and
supply chains, enabling timely and cost-effective delivery of aquafeed products
to various markets. With its unique combination of natural resources,
agricultural prowess, and robust logistical capabilities, the Midwest continues
to solidify its position as a powerhouse in the ever-growing aquafeed market.
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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“The future of
the United States Aquafeed Market appears promising, with potential growth
driven by a host of factors. The escalating demand for seafood, driven by the
increasing global population and changing dietary preferences, coupled with the
proliferation of aquaculture activities, is expected to propel the market
forward. In addition to the rising demand, advancements in feed ingredients and
feed formulation, such as the incorporation of sustainable protein sources and
improved nutrient profiles, are further strengthening this growth trajectory.
These innovations aim to not only increase fish productivity but also minimize
the environmental impact of aquaculture operations, ensuring sustainable and
responsible practices. As a result, the United States Aquafeed Market is poised
for significant growth in the coming years, offering lucrative opportunities
for industry players and contributing to the overall development of the aquaculture
sector.,” said Mr. Karan Chechi, Research Director with 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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