Egypt Fish Feed Market is
expected to grow impressively through 2028 due to the increasing
demand for fishes in the country. In 2022, the revenue from fish
& seafood industry reached to approximately USD 18.3 million.
Fish feed is typically made
up of protein, fat, carbohydrates, vitamins, and minerals. These nutrients are
essential for fish growth and development, and a well-balanced fish feed can
help to optimize fish health and performance. Fish feed plays a vital role in
aquaculture, which is the practice of farming fish in tanks, ponds, or other
aquatic environments. The right fish feed not only ensures that fish grows at
the desired rate, but also keeps them healthy and disease-free. There are different
types of fish feed, such as live feed, which as the name suggests,
refers to living organisms that are fed to fish. These include plankton, worms,
and other small aquatic animals. Live feed is often used for feeding fry, which
are newly hatched fish that are too small to eat processed feed. Live feed is
also used to supplement the diets of older fish, as it provides important
nutrients that are not present in processed feed. Fresh feed refers to freshly
caught or harvested organisms, such as shrimp, clams, or mussels. Fresh feed is
often used in aquaculture operations that farm high-value fish, such as salmon
or tuna. These fish require a diet that is rich in protein and fat, and fresh
feed is an excellent source of these nutrients. Processed feed is the most
common type of fish feed used in aquaculture. Processed feed is made up of
various ingredients, including fishmeal, soybean meal, cornmeal, and wheat
flour. These ingredients are ground into a fine powder and then mixed with vitamins
and minerals to create a well-balanced fish feed. Processed feed is available
in different forms, including pellets, flakes, and powder.
Egypt has a long history of
aquaculture, dating back to the time of the pharaohs. Today, Egypt is one of
the largest producers of fish in Africa, with aquaculture accounting for around
70% of the country's fish production. As the aquaculture industry in Egypt
continues to grow, so does the demand for fish feed. The demand for commercial fish
feed in Egypt is driven by the growing aquaculture industry, which is expanding
rapidly due to increasing demand for fish and declining fish stocks in natural
water bodies. The major consumers of fish feed in Egypt are tilapia, carp, and
catfish, which are the most commonly farmed species.
Fish Feed Market in Egypt is
poised for growth as the country's aquaculture industry continues to expand.
While there are challenges to be addressed, including the high cost of imported
raw materials and the need for greater awareness among farmers, there are also
opportunities for manufacturers to develop innovative products and for farmers
to adopt best practices for feeding their fish. As the demand for fish
continues to rise, the fish feed market in Egypt is likely to remain a key
player in the aquaculture industry.
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Growing Government Support
is Driving Market Growth
The Egyptian government has
been actively supporting the growth of the aquaculture industry by providing
subsidies to farmers for the purchase of commercial fish feed and establishing
training programs to educate farmers about the benefits of using high-quality
fish feed. This support is helping to promote the use of commercial fish feed
and driving demand for these products. Egypt has a high demand for
fish due to its large population and a long history of consuming fish. However,
with declining fish stocks in natural water bodies, the country is turning to
aquaculture to meet this demand. As a result, the aquaculture industry in Egypt
is growing rapidly, and this is driving demand for fish feed.
Technological
Advancement in the Industry and Favorable Regulatory Environment are Driving
Market Growth
Advances in technology are driving
innovation in the fish feed industry in Egypt, with manufacturers developing
new products that are more efficient and effective at meeting the nutritional
needs of different fish species. This is helping to improve the quality of fish
feed and driving demand for these products. There
has been a significant increase in investment in the aquaculture industry in
Egypt in recent years, which is helping to drive the growth of the fish feed
market. Investors are recognizing the potential of the industry and are
investing in infrastructure, research and development, and technology to
support its growth.
The regulatory environment for the
aquaculture industry in Egypt is favorable, with the government providing
incentives for investment and supporting the industry's growth. This has
created a conducive environment for fish feed manufacturers to operate and
expand their businesses. Egypt is a major exporter of fish, with
the aquaculture industry playing an important role in the country's economy.
The growing demand for fish feed is helping to support the industry's growth, and
this is driving exports of fish and fish products to other countries.
Major Challenges faced by Fish Feed
Market
The high cost of imported raw
materials, such as fishmeal and soybean meal, is one of the major challenges
faced by the fish feed market in Egypt. These materials are essential for
producing high-quality fish feed, but their prices are subject to fluctuations
in the international market, making it difficult for manufacturers to maintain
consistent pricing and quality.
Another major challenge facing
the fish feed market in Egypt is the lack of awareness among farmers about the
importance of using high-quality fish feed. Some farmers still rely on
farm-made fish feed, which may not meet the nutritional requirements of their
fish and can lead to poor growth and health problems. Educating farmers about
the benefits of using commercial fish feed is essential to promote its use and
drive demand for these products.
Many small-scale farmers in
Egypt struggle to access financing to purchase commercial fish feed, which can
be more expensive than farm-made feed. This limits their ability to invest in
the industry and grow their businesses, leading to reduced demand for
commercial fish feed.
Ensuring the quality of fish
feed is a critical challenge for the industry in Egypt. Poor quality feed can
lead to poor growth and health problems in fish, which can reduce the
profitability of the industry. There is a need for improved quality control
measures to ensure that commercial fish feed meets the required nutritional
standards and is safe for consumption.
The lack of adequate
infrastructure, such as storage facilities and transportation networks, can limit
the availability of fish feed in some parts of the country. This can make it
difficult for farmers to access the products they need and limit the growth of
the industry in these areas.
Recent Trends and Developments
- In the past three
years, there has been a significant increase in investment in the aquaculture
industry in Egypt, which has driven growth in the fish feed market. For
example, in 2019, the International Finance Corporation (IFC) announced an
investment of USD25 million in a new fish feed plant in Egypt. This plant,
which is expected to be one of the largest in the country, will produce high-quality
fish feed for the local and international markets.
- Several
international companies have also entered the Egyptian fish feed market in
recent years, partnering with local manufacturers to expand their operations.
In 2021, for example, the
Norwegian fish feed company BioMar announced a partnership with the Egyptian
company Aqua Food Industries to produce and distribute high-quality fish feed
in Egypt.
- Advances in
technology have also played a significant role in the recent developments in
the fish feed market in Egypt. Manufacturers are developing new products that
are more efficient and effective at meeting the nutritional needs of different
fish species. For example, in 2020, the Egyptian company Delta Feed launched a
new range of fish feed products that are formulated specifically for tilapia,
one of the most important fish species in the Egyptian aquaculture industry.
Market Segmentation
Egypt Fish Feed Market is
segmented based on Product Type, Form, Region and Competitive Landscape. Based on the Product Type, the
market is categorized into Plant Based, Fish & Fish
Products, Microorganism. Based on Form the market is segmented into Pellet,
Granules, Flakes, Sticks, Powder. Based on region, the market is divided into Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt.
Market Players
Biomar Egypt, Skretting
Egypt, Aller Aqua Egypt, AQUA Feed, Aquafeed Egypt, Egyptian International Feed
Factory, Advanced Nutrition Egypt, Al Haramain Feed, Egyptian European Company
for Food Industries, FeedTech are some of the key
players of the Egypt Fish Feed Market.
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Attribute
|
Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative
Units
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Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
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Report
coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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|
Segments
covered
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Product Type
Form
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Regional
scope
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Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt
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Key companies
profiled
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Biomar Egypt, Skretting Egypt, Aller Aqua
Egypt, AQUA Feed, Aquafeed Egypt, Egyptian International Feed Factory,
Advanced Nutrition Egypt, Al Haramain Feed, Egyptian European Company for
Food Industries, FeedTech
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|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and
purchase options
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Avail
customized purchase options to meet your exact research needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request)
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Report Scope:
In this report, Egypt Fish Feed market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
Fish Feed Market, By Product Type:
- Plant Based
- Fish & Fish Products
- Microorganism
Fish Feed Market, By Form:
- Pellet
- Granules
- Flakes
- Sticks
- Powder
Fish Feed Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
Competitive landscape
Company Profiles: Detailed analysis of the major companies present
in Egypt Fish Feed market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis
and profiling of additional market players (up to five).
Egypt Fish Feed Market is an upcoming report
to be released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]