Global Aquafeed Market Size, Share, Analysis, Trends & Forecast to 2023

The global aquafeed market has witnessed a positive growth over the past few years. The growing aquaculture industry and the introduction of new technologies aimed to improve feed quality have provided an impetus to the market growth.

IMARC Group’s recent study, titled “Aquafeed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global aquafeed market reached a volume of more than 44 Million Tons in 2017. Aquafeed has become a vital part of the aquaculture industry owing to its growth promoting and nutritional properties. A wide range of ingredients are used in the preparation of aquafeed, such as marine animals, plants, terrestrial-based live feeds, plant or grain products and by-products. The high-quality commercial aquafeed is more advantageous to crustaceans, mollusks, fishes, etc. than farm-made feeds due to their need-specific and balanced composition. Nowadays, various finished products and ingredients are also being tested to ensure that the essential nutrients are present in aquafeed and are suitable for the aquatic species.