New York, According to a new market research report published by Global Insight Services “Fish Feed Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Fish feed is a commercial food designed specifically for feeding to fish. In the wild, fish obtain the majority of their nutrients from eating other fish, plants, and invertebrates. However, when fish are raised in captivity, they are often unable to access these natural food sources. This is where the commercial fish feed comes in – it provides a balanced diet that meets all of a fish’s nutritional needs.
There are many different types of fish feed available on the market, and the type you choose will depend on the species of fish you are raising. For example, there are different feeds available for goldfish, tropical fish, and koi. In general, fish feed is made up of a combination of proteins, fats, carbohydrates, vitamins, and minerals.
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Key Trends
The key trends in fish feed technology are:
1. More use of plant-based ingredients: In the past, fish feed has been largely based on fish meal and fish oil, both of which are derived from wild-caught fish. However, there is a growing trend toward using more plant-based ingredients in fish feed, in order to reduce the reliance on wild-caught fish and to make the feed more sustainable. This trend is being driven by both environmental concerns and the rising cost of fish meal and fish oil.
2. More use of alternative proteins: In addition to using more plant-based ingredients, there is also a trend toward using alternative proteins in fish feed. These alternative proteins include things like insects, algae, and even bacteria. The reason for this is that they can be a more sustainable and environmentally friendly source of protein for fish than traditional fish meals and fish oil.
3. More use of enzymes: Enzymes are being used more and more in fish feed in order to improve digestibility and nutrition. This is because enzymes can help to break down complex carbohydrates and proteins, making them more easily digestible for fish. Enzymes also have the added benefit of being able to improve the growth and health of fish.
Key Drivers
Some of the key drivers of Fish Feed market include:
-The ever-growing demand for fish and fish products: The world’s population is projected to reach 9.1 billion by 2050 and with it the demand for fish and fish products is expected to rise significantly. This will create a strong demand for fish feed as aquaculture is one of the most efficient ways to meet this demand.
-The increasing cost of wild-caught fish: As the demand for fish grows, the price of wild-caught fish is also expected to rise. This will make aquaculture even more attractive as a way to produce fish as it will become increasingly difficult for consumers to afford wild-caught fish.
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Market Segments
The Fish Feed Market is segmented into ingredient, additive, end-users, and region. By ingredient, the market is categorized into corn, soybean, fish oil, fish meal, additives, and other ingredients. By additive, it is classified into vitamins, antibiotics, amino acids, antioxidants, feed acidifiers, feed enzymes, other additives. By end users , it is classified into fish, molluscs, crustaceans, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Fish Feed Market report includes players such as Cargill, Inc., Zeigler Bros., Inc., Archer Daniels Midland, Alltech Inc., Skretting AS, Aller Aqua A/S, Sonac B.V., BioMar Group, and Nutreco N.V.
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