North America Aqua Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Aqua Feed Market Analysis
North America's aquafeed market is estimated to register a CAGR of 6.9% during the forecast period (2020 - 2025). Aquaculture production in the North American countries such as the United States and Canada is relatively small but has been continuously growing for a decade. The increasing aquaculture and the demand for seafood are the major drivers of the market in North America. Owing to the limited availability of marine feed resources and the growing demand for fish, the fish farming trend is expected to increase, thus opening up an opportunity for the aquafeed market.
North America Aqua Feed Market Trends
This section covers the major market trends shaping the North American Aqua Feed Market according to our research experts:
Rising Aquaculture Production Drives the Market
The aquaculture industry in North American countries such as the United States and Canada has become well established over the last 35 years. The demand for seafood is the prime reason for such steady growth of aquaculture in the region. The United States and Canda are the leading countries in terms of Aquaculture production and seafood demand in North America. Per capita seafood consumption in the United States was recorded as 6.8 Kg in 2016, increasing to 7.2 Kg in 2018. Therefore, increasing seafood consumption demand has been stimulating the aquaculture production in the region, which in turn boosting the Aquafeed market.
The United States Dominates the Market
The United States holds a major share of the aquafeed market in North America. Well developed aquaculture industry coupled with rising seafood demand are the prime reasons for the country's domination. The aquaculture industry in the United States generated 283 million Kg of produce which is worth USD 1.4 billion in 2017. The aquafeed market is anticipated to accelerate at a rapid rate in the near future as the aquaculture production has been increasing at a prominent rate in the country.
North America Aqua Feed Industry Overview
The North America aquafeed market is highly fragmented with global and regional players in the market. New product launches, partnerships, and expansions are some of the major strategies adopted by these players to strengthen their brand image and increase their sales. Nutreco N.V., Alltech, Cargill, and adisseo are the top players of the region.
North America Aqua Feed Market Leaders
Nutreco N.V.
Alltech Inc.
Cargill, Incorporated.
Adisseo
Wilbur-Ellis Nutrition, LLC
*Disclaimer: Major Players sorted in no particular order
North America Aqua Feed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Animal Type
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5.1.1 Fish Feed
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5.1.2 Mollusk Feed
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5.1.3 Crustacean Feed
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5.1.4 Other Aqua Feed
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5.2 Ingredients
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5.2.1 Cereals
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5.2.2 Cereal By Products
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5.2.3 Fishmeal
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5.2.4 Supplements
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5.2.5 Other Ingredients
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5.3 Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Adisseo
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6.3.2 Alltech Inc
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6.3.3 ADM Animal Nutrition
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6.3.4 Cargill Inc
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6.3.5 Wilbur-Ellis Nutrition, LLC
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6.3.6 Norel Animal Nutrition
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6.3.7 Purina Animal Nutrition LLC.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
North America Aqua Feed Industry Segmentation
Aqua feed is available in the form of pellets, granules, and powders, The North America aqua feed market report presents an in-depth view of the market size, driving factors, competitive landscape, and future opportunities. The market is segmented by species type, by ingredients and geography.
| By Animal Type | |
| Fish Feed | |
| Mollusk Feed | |
| Crustacean Feed | |
| Other Aqua Feed |
| Ingredients | |
| Cereals | |
| Cereal By Products | |
| Fishmeal | |
| Supplements | |
| Other Ingredients |
| Geography | |
| United States | |
| Canada | |
| Rest of North America |
North America Aqua Feed Market Research FAQs
What is the current North America Aqua Feed Market size?
The North America Aqua Feed Market is projected to register a CAGR of 6.90% during the forecast period (2024-2029)
Who are the key players in North America Aqua Feed Market?
Nutreco N.V., Alltech Inc., Cargill, Incorporated., Adisseo and Wilbur-Ellis Nutrition, LLC are the major companies operating in the North America Aqua Feed Market.
What years does this North America Aqua Feed Market cover?
The report covers the North America Aqua Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Aqua Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Aqua Feed Industry Report
Statistics for the 2024 North America Aqua Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Aqua Feed analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
