United States aquafeed market is
expected to grow at a CAGR during the forecast period. The United States aquafeed
market is driven by surging requirement for fish and fish oil products among
the consumers which is attributable to the health benefits of omega 3. Additionally,
increase in concerns regarding the sea food borne diseases such as listeria,
salmonella, among others, is positively impacting the growth of market because it
is making the breeders to opt for feed acidifiers and natural vitamin additives.
Furthermore, rising demand for exotic, protein & omega 3 enriched fish
species such as salmon & carp is further expected to bolster the growth of
market over the next few years.
Restrictions on manufacturing
activities due to the advent of the COVID-19 pandemic shall cause a slump in
the supply of feed, as well as its additives. The current stagnation in supply
is, in turn, detrimental against the backdrop of ever-increasing demand for
essential food products such as dairy and meat.
The United States aquafeed market
is segmented based on ingredients, additives, species, form, lifecycle, company, and region. Based on
species, the market can be categorized into fish, crustaceans, mollusks, other.
Out of these, the demand for fish and mollusks is rising which is accredited to
increase in income levels coupled with high demand for protein rich healthy
food products across the country. Among the fish category, carp fish type has
been observed to have the largest market share until 2020. This is due to their
abundant availability and high tolerance to most water conditions.
Major players operating in the United
States aquafeed market includes 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 and others. The market players are adopting some competitive
strategies such as expansions & investments, partnerships, collaborations,
and agreements in order to expand their geographic reach and to increase their
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
- To analyze and estimate the market size of United
States aquafeed market from 2016 to 2019.
- To estimate and forecast the market size of United
States aquafeed market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast United States aquafeed
market based on ingredients, additives, species, form, lifecycle, company
and regional distribution.
- To identify dominant region or segment in the United
States aquafeed market.
- To identify drivers and challenges for United
States aquafeed market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in United
States aquafeed market.
- To conduct pricing analysis for United States aquafeed
- To identify and analyze the profile of leading
players operating in United States aquafeed market.
- To identify key sustainable strategies adopted
by market players in United States aquafeed market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers and presence of all major players across
TechSci Research calculated the market size of United States aquafeed market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Aquafeed manufacturers, suppliers,
distributors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to aquafeed
- Market research and
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, partners, end users,
etc., besides allowing them in strategizing investments and capitalizing on
In this report, United States aquafeed
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- United States Aquafeed Market, By Ingredient:
- Fish Meal
- Fish Oil
- United States Aquafeed Market, By Additives:
- Amino Acids
- Vitamins & Minerals
- Prebiotics & Probiotics
- United States Aquafeed Market, By Species:
- United States Aquafeed Market, By Form:
- Dry Form
- Wet Form
- United States Aquafeed Market, By Lifecycle:
- United States Aquafeed Market, By Region:
Company Profiles: Detailed analysis of the
major companies present in United States aquafeed market.
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:
United States aquafeed
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]
analysis and profiling of additional market players (up to five).