United States Aquafeed Market to Register Substantial Growth During Forecast Period
Change in consumer preference towards seafood is expected to drive the growth of United States aquafeed market.
According
to TechSci Research report, “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, 2025”,
United States aquafeed market is expected to register substantial CAGR during
the forecast period. Generally, the aquafeed is added to improve omega 3 and
protein concentration and thereby assists in healthy growth of fish and
crustacean species, which is
one of the major factors accounting for the growth of United
States aquafeed market. Moreover, the aquafeed helps in preventing viral
outbreaks of common bacterial & fungal diseases such as fin rot, dropsy,
among others, which is further expected to bode well for the growth of United
States aquafeed market through the forecast period. In addition to this, increasing
demand for raw fish delicacies is expected to positively influence the growth
of United States aquafeed market in the years to come. Also, upsurge in demand
for processed and fast food is further making headway for the growth of United
States aquafeed market over the coming years. Some of the challenges that are
anticipated to hamper the aquafeeds market in the years to come are increasing
raw material costs and stringent market regulations in sea water fishing.
Browse XX market data Tables and XX Figures spread through XX Pages and an in-depth TOC on " United States Aquafeed Market
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United
States aquafeed market can be segmented based on ingredients,
additives, species, form, lifecycle, and region. Based on additives,
the market can be categorized into amino acids, vitamins & minerals,
prebiotics & probiotics, enzymes, antibiotics, and other. Out of which, the
amino acids segment dominated the market until 2019 and is expected to maintain
its dominance during the forecast period as well. Amino acids are essential in
animal nutrition as it plays a vital role in the growth, production, and
overall maintenance of aquatic animal health. In addition to this, these amino
acids provide enormous amount of energy required for the growth of muscles and
bones for muscle movement, digestion, and blood circulation. On account of
aforementioned factors, the amino acids segment is projected to dominate the
aquafeed market through the forecast period.
The Archer Daniels Midland Company, Ridley
USA Inc., Cargill Animal Nutrition, Nutreco USA Inc, Alltech Inc., Nutraid USA,
Novus International Inc., Skretting AS, Purina Animal Nutrition, Charoen
Pokphand USA Inc. are among others are the leading players operating in
United States aquafeed market. The players are adopting several growth
strategies to enhance the market scenario of aquafeed. Other competitive
strategies include mergers & acquisitions; agreements, partnerships, and
collaborations; and expansions to diverse their product portfolio in order to
strengthen their market position.
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United States aquafeed market is expected to register substantial growth
in the next 5 years on account of high consumer demand for convenience and
processed seafood. Furthermore, growing health consciousness and dietary habits
in the region is leading to transition from a high carbohydrate-based diet to
one that is rich in proteins, which is further anticipated to boost the market
growth for aquafeeds over the coming years. Along with this, various government
initiatives to increase production of certified sustainable seafood is expected
to contribute to the growing trend in the coming years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
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, 2025” has
evaluated the future growth potential of United States aquafeed market and
provides statistics & information on market size, structure and market
growth future. 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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