Global Aquafeed Market size is anticipated to be valued at USD 165.04 billion by 2022, as per a new research report by HexaResearch. Increase in fish consumption for direct and indirect consumer applications is anticipated to drive the market growth. Increasing awareness regarding feed benefits in aquaculture among breeders is likely to drive the demand. Rising nutraceuticals demand such as omega 3 fortified products is expected to drive industry growth. Global aquafeed ... Read more
The aquafeed market consists of a wide variety of aquatic animal feeds that are produced using different ingredients and formulations. Feed constitutes around 60% of the total variable cost of fish and shrimp production and contributes around 60% to 70% of the total input cost. The quality and consistency of aquafeed have a direct impact on fish health, growth, and yield. Rising demand for nutrient-rich aquafeed to improve aquaculture yields along with growing adoption of advanced extrusion ... Read more
Aquafeed includes diet and feed pellets that are given to farmed fish and shellfish. The aquafeed provides essential nutrients such as vitamins, proteins, lipids, and minerals that are required to sustain the health and growth of cultivated aquatic organisms. It contains ingredients including fishmeal, fish oil, soybean meal, wheat, corn gluten meal, and others. Aquaculture has evolved in recent times to become a vital source of food production capable of meeting the increasing demand for ... Read more