United States Aquafeed market was worth USD 11.37Billion in 2020 and is further projected - PDF document

United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027 United States Aquafeed Market Size – Industry Trends & Forecast Report 2027 Summary United States Aquafeed Market, By Form (Dry, Wet, Moist and Others); By Ingredients (Soybean [Soybean Meal, Soy Oil, and Soy Lecithin], Fish Meal, Corn [Corn Gluten Meal, Corn Glu ten Feed, and Corn Oil], Fish Oil, Additives, and Other Ingredients); By Additives (Amino Acids, Vitamins & Minerals, Prebiotics & Probiotics, Enzymes, Antibiotics, Antioxidants, and Other Additives); By Species (Fish [Tilapia, Salmon, Carp, Trout, and Oth er fish Species], Crustaceans [Shrimp, Crabs, Krill, and Other Crustaceans], Mollusks [Oysters, Mussels, and Other Mollusks], and Other Species); By Lifecycle (Grower Feed, Finisher Feed, Starter Feed, and Brooder Feed); Trend Analysis, Competitive Market Share & Forecast, 2017 - 2027 studyrecently conducted by the strategic consulting and market research fir m , BlueWeave Consulting , revealed that United States Aquafeed market was worth USD 11.37 Billion in 2020 and is further projected to reach the valuation of USD 18.11 Billion by 2027 at a CAGR of 7.2% during the forecast period (2021 - 2027). The growing aquaculture and the rising demand for seafood are the primary drivers of the market in the United States. This can be attributed to the inadequate availability of marine feed resources and the inc reasing demand for fish. Moreover, fish farming trend is anticipated to surge during the forecast period, thus propelling the United States aquafeed market in the country . View report Press release Sample report United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027 Report Overview The growth of the Aquafeed market in the United States is attributable to a rise in fish consumption. Increased awareness regarding the protein content in fish food and the limited availability of marine fish resources have further influenced the total con sumer demand for the aquafeed marke t United States Aquafeed Market - Industry Trends & Forecast Report 202 7 United States Aquafeed market was worth USD 11.37Billion in 2020 and is further projected to reach the valuation of USD 18.11 Billion by 2027 at a CA GR of 7.2% during the forecast period (2021 - 2027). According to industry analysts, the primary drivers in United States Aquafeed Market are increased fish consumption and increased awareness of fish food's protein content. Additionally, the limited marine fish resources have further impacted overall consumer demand for aquafeed during the forecast period . Source: BlueWeave Consultin g United States Aquafeed Market Overvie w Aquafeeds are an essential part of industrial and personal aquaculture. It gives a ba lanced diet and nutrition for farmed fish. The aquaculture feed is generally available as pellets or granules, thus providing a beneficial diet in a concentrated and stable form, enabling the fish to feed well and grow to maximum potential. Aquafeeds’ sign ificant components are fish oil and fish meal. It is then blended with other vital ingredients, including minerals, vitamins, cereal grains, and vegetable proteins, forming granules or pellets . United States Aquafeed Market Tren d Growth Driver s Favorable Government Support is Likely to Enhance the Marke t United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027 The rise in government investme nts across the USA has pushed the market. To reduce the trade deficit, the United States government has approved federal funding of USD 9.3 Billion for research and development in the country's aquaculture industry vis the National Oceanic and Atmospheric Administration of the United States. The policy follows the America First policy of the United States government to reduce its import bill and create more job opportunities in the country. This favorable initiative by the government is anticipated to suppo rt the development of the aquaculture industry and, ultimately, the aquafeed market in the United States . Impact of COVID - 1 9 As a result of the novel Coronavirus, the aquaculture supply chain has been adversely affected. Employees have been restricted from moving out of the country for work operations, diminishing global economic output. Additionally, the restrictions imposed on international air travel have resulted in reduced air freight capacity and significantly increased the air freight prices, which h ugely impacted species like lobster, salmon, sea bass, and tilapia raised for the fresh export market . The COVID - 19 pandemic also affected worker safety in seafood processing units, where employees work closely with conveyor belts. COVID - 19 spreads rapidly in such an environment, although these issues weren't as severe as at pork, beef, and poultry processing plants in the United States. During the outbreak, drops in prices and manufacturing impacted fisheries globally. However, the countries are now slowly back to normal; and the production and logistics are also returning to normal . United States Aquafeed Market: By Ingredien t Based on ingredients, the United States Aquafeed market is grouped into soybean, fishmeal, corn, fish oil, additives, and other ing redients. Out of these, the additives segment is the fastest - growing segment in the country. A wide range of aquatic feed additives, including amino acids, are vital macromolecules for healthy growth and development and are highly recommended for overall a quaculture maintenance. Furthermore, fish growers' preference for high - quality feed is expected to boost the demand for additives from the manufacturers during the forecast period . United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027 Source: BlueWeave Consultin g United States Aquafeed Market: By Specie s Bas ed on species, the United States aquafeed market is fragmented into fish, crustaceans, mollusks, and other species. The fish segment held the largest market share in 2020 and is likely to dominate the segment during the forecast period. The immense growth in fish farming to balance the gap between fish demand and supply is anticipated to positively increase fish feed development. Good qualityfish feed is a great way to support the foundation of the food chain. This is also likely to help maintain healthy f ish inhabitants, which is anticipated to raise the fish feed demand in the upcoming years . United States Aquafeed Market: By Additive s Based on additives, the United States Aquafeed market is categorized into amino acids, vitamins & minerals, prebiotics & probiotics, enzymes, antibiotics, antioxidants, and other additives. The amino acids segment held a significant market share in 2020 and is likely to dominate the market during the forecast period. The amino acids are essential in aquafeed nutrition. As bu ilding blocks of protein, amino acids are necessary for growth, production, and health. The acids in these foods help develop muscles, support digestion, and improve blood circulation. Because of these factors, the amino acids segment dominates the aquafee d market . United States Aquafeed Market: By Lifecycl e Based on lifecycles, the United States aquafeed market is fragmented into grower feed, finisher feed, starter feed, and brooder feed. The grower feed segment has accounted for the largest market share i n 2020 and is likely to dominate the segment during the forecast period. Grower feeds have an excellent capacity for protein deposition, as well as higher feed conversion rates. Furthermore, these feed types allow for enhanced formulation flexibility. Grow ing demand for supplementary feeds with the increasing standing stock of grower fish feed is anticipated to boost the segment growth over the forecast period. While the United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027 finisher and brooder diets are expensive due to the rising prices of ingredients, thus restraining its market growth . Competitive Landscap e The United States aquafeed market is highly fragmented due to the presence of various leading and emerging players in the market. Some key strategies adopted by these players are new product development, partnerships, and expansions to enhance their brand image and increase their businesses. Some of the leading players in the country include The Archer Daniels Midland Company, Ridley USA Inc., Cargill Animal Nutrition, Nutreco USA Inc, Alltech Inc., Nutra id USA, Novus International Inc., Skretting AS Purina Animal Nutrition, Charoen Pokphand USA Inc, and Other Prominent Players . Recent Developmen t  In June 2021, ADM is likely to expand its aquaculture ventures and manufacturing capabilities in China by bringing Life Defense and Ocialis fish and shrimp feeds to the market .  In June 2021, S2G Ventures invested USD 100 Billion in funds for the ocean and seafood star tups. The company has announced the names of the first five companies they have cut checks to - ReelData, ViAqua Therapeutics, Moleaer, and the name of the last two companies was not disclosed . Scope of the Repor t Attribut e Detail s Years Considere d Historical data – 2017 - 202 0 Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Billio n Product/Service Segmentatio n By Form, By Ingredient, By Additives, By Species, and By Lifecycl e United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027 Key Player s Key Players for the market 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 Other Prominent Players .  By Form o   Dry  Wet  Moist  Others  By Ingredient o   Soybean o Soybean Meal o Soy Oil o Soy Lecithin  Fish Meal  Corn o Corn Gluten Meal o Corn Gluten Feed o Corn Oil  Fish Oil  Additives  Other Ingredients By Additives o   Amino Acids  Vitamins & Minerals United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027  Prebiotics & Probiotics  Enzymes  Antibiotics  Antioxidants  Other Additives  By Species o   Fish o Tilapia o Salmon o Carp o Trout o Other Fish Species  Crustaceans o Shrimp o Crabs o Krill o Other Crustaceans  Mollusks o Oysters o Mussels o Other Mollusks  Other Species  By Lifecycle o   Grower Feed  Finisher Feed  Starter Feed  Brooder Feed United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com United States Aquafeed Market Gaining Momentum — Projected to Grow at a CAGR of 7.2% by 2027