Market Research Future (Food and Beverages) Aquafeed Market Research Report | Page 3

Global Aquafeed Market Research Report- Forecast to 2022
2 Market Overview
Aquafeed market is expected to grow at CAGR of 7% backed by increase in awareness among farmers about
benefits of feeding the aquaculture with commercial aquafeed. Availability of nutrition rich ingredients and increasing
aquaculture activities are other market growth factors. Consumers are preferring the aquaculturaly raised fishes over
normal fishes, this change in consumption pattern is influencing the demand for quality aquafeed from aquaculture
firms.
Ingredient quality is major factor in formulation of superior aquafeed as characteristics can affect all aspect of aquatic
animal culture. The use of alternative protein source will be a major issue in aquafeed formulation which will increase
demand for fishmeal in upcoming years. A variety of such sources has been evaluated as partial or complete fishmeal
replacers in aquafeed. Most common among these is soybean meal.
Key Findings:

Secondary data reveals that the aquafeed exports is projected to grow more than 2% annually post the year
2022
 The top 5 exporters of aquafeed are U.S., Netherlands, Belgium, Germany and France
 Major aquafeed manufacturers have focused on the use of dietary enzymes to impart greater nutrient
digestibility/availability to the aquafeed
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