Aquafeed Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast, 2012 to 2022

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Aquafeed Market Analysis, Market Size, Share, Regional

Outlook, Industry Trends, Competitive Strategies And

Segment Forecast, 2012 To 2022

Industry Overview

Global aquafeed market size is expected to reach 96.3 million tons by 2022, growing at a CAGR of 11.1%

from 2015 to 2022. Global aquafeed additives market size is likely to be worth USD 1.2 billion by 2022.

Increase in fish demand for direct human consumption (DHC) as well as non-DHC applications is

anticipated to drive aquaculture market growth. Rising awareness among breeders regarding the

benefits of feed for aquaculture is anticipated to drive aquafeed market over the forecast period.

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Direct human consumption of fish was 136.00 million tons in 2012 and is anticipated to reach 205.81

million tons by 2022, growing at a CAGR of 4.3% between 2015 and 2022. At present, over 75% of the

global fish harvested is used for DHC as food. Increasing per-capita middle class disposable income

coupled with rising nutritional standards is expected to propel direct human consumption of fish over

the forecast period. This factor is anticipated to drive aquaculture market growth.

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Rising prevalence of obesity, cardiovascular diseases and other illnesses including diabetes is anticipated

to augment demand for omega-3 supplements over the forecast period. Omega-3 fatty acids are

obtained from a variety of fish including tuna, salmon, whale blubber, cod liver and seal blubber.

Global consumer spending on EPA/DHA omega-3 products was over USD 25 billion in 2011. Infant

formula was the largest segment for which consumers across the globe spent over USD 10 billion,

followed by fortified food & beverages which accounted for approximately USD 8 billion. Rising

consumer demand regarding the benefits of EPA/DHA...