Aquarium Fish Feed Market Introduction and Overview
According to SPER Market Research, the Global Aquarium Fish Feed Market is estimated to reach USD 277.80 million by 2033 with a CAGR of 10.66%.
The report includes an in-depth analysis of the Global Aquarium Fish Feed Market, including market size and trends, product mix, applications, and supplier analysis. Fish feed plays a crucial role in contemporary commercial aquaculture by giving farmed fish the well-balanced nutrients they require. The fish may eat efficiently and grow to their full potential since the pellets and granules provide concentrated, steady nutrition. Traditionally, fishmeal and fishing oil have been two of the most crucial components. The development of dry pelleted fish meals has so far focused on two main issues. Enhancing digestibility and fine-tuning the nutritional balance are two themes that are related to better meeting the needs of various fish species at different stages of development. Enhancing the ingredients' sustainability is the second kind.
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- January 2024; Plans for a state-of-the-art industrial facility in Coruche, Portugal, were revealed by Sebol, a division of the ETSA Group, signaling a major advancement in sustainability and innovation in the aquaculture industry. The facility is a vital part of the Pep4Fish project, which focuses on the large-scale manufacturing of protein hydrolysates intended for fish feed. It is powered by the recovery and resilience plan (PRR) and a €15.4 million investment in line with the blue bioeconomy accord.
- October 2023; HydroNeo, an aquaculture technology firm supported by the Thai Union, has teamed with Full Circle Biotechnology, a novel feed startup established in Thailand. Full Circle will supply HydroNeo with an insect-based shrimp feed enhancer as part of the agreement.
Market Opportunities and Challenges
Consumers are starting to favor environmentally friendly aquarium fish feeding products that support sustainable practices more and more. The motivations for this trend are a growing awareness of environmental issues and a desire to lessen the negative effects of the aquarium hobby. As a result, producers are offering a wider selection of products made with natural components, recyclable materials, and ethical sourcing methods. The more resource-intensive fishmeal of the past is giving way to plant- and insect-based protein sources. This move toward sustainable solutions has caused the aquarium business to become more conscientious of environmental issues and more responsible. The primary factor impeding market expansion was volatility related to the prices of raw materials used in the production of fish feed. Moreover, the ultimate price of the product might be directly impacted by a notable increase in the cost of soy beans, corn, or other raw materials, which could lower the product's sales rate. Furthermore, it is anticipated that the growing number of individuals who favor vegetarian diets and lifestyles will impede market expansion.
Market Competitive Landscape
Due to the existence of numerous major and small competitors, the global fish feed market is extremely fragmented in terms of competitiveness. To solidify their position in the worldwide market, major players employed a few organic techniques, like product expansion and quality enhancement. The manufacture of novel items that would aid in gaining traction in the general market rivalry has prompted major businesses to expand their R&D investments. Key corporate restructuring market players are Cargill, Inc., Nutreco N.V., Archer Daniels Midland Company, Ridley Corporation Limited, Biomar Group, Alltech, Inc., Skretting (Nutreco Company), BioMarin North America Inc., Zeigler Bros. Inc., Norel Animal Nutrition
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Cargill, Inc., Nutreco N.V., Archer Daniels Midland Company, Ridley Corporation Limited, Biomar Group, Alltech, Inc., Skretting (Nutreco Company), BioMarin North America Inc., Zeigler Bros. Inc., Norel Animal Nutrition.
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COVID-19 Impact on Global Aquarium Fish Feed Market
Furthermore, during COVID-19, a number of governments reallocated monies to necessities, which had an effect on further investments and advancements in the aquaculture industry. Additionally, the shutdown of end-user businesses like hotels and restaurants due to the tight lockdown circumstances and safety standards affected the market for seafood. Fish and other seafood imports and exports were severely hampered by the travel bans and border closures implemented to stop the pandemic's spread. COVID-19 did, however, also emphasize the necessity of novel approaches and fresh commercial plans to increase resilience in the event of similar man-made or natural disasters.
Key Target Audience:
- Beginning Hobbyists
- Experienced Hobbyists
- Breeders
- Show Fish Keepers
- Marine Fish Keepers
- Plant Keepers
- Pet Stores
- Online Retailers
- Aquarium Maintenance Services
- Public Aquariums
Our in-depth analysis of the Aquarium Fish Feed Market includes the following segments:
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By Type: |
Live Food
Processed Food
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By Application: |
Goldfish
Koi
Tropical Fish
Other
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report:
- Global Aquarium Fish Feed Market Size (FY’2024-FY’2033)
- Overview of Global Aquarium Fish Feed Market
- Segmentation of Global Aquarium Fish Feed Market By Type (Live Food, Processed Food)
- Segmentation of Global Aquarium Fish Feed Market By Application (Goldfish, Koi, Tropical Fish, Other)
- Expansion Analysis of Global Aquarium Fish Feed Market
- Problems and Obstacles in Global Aquarium Fish Feed Market
- Competitive Landscape in the Global Aquarium Fish Feed Market
- Impact of COVID-19 and Demonetization on Global Aquarium Fish Feed Market
- Details on Current Investment in Global Aquarium Fish Feed Market
- Competitive Analysis of Global Aquarium Fish Feed Market
- Prominent Players in the Global Aquarium Fish Feed Market
- SWOT Analysis of Global Aquarium Fish Feed Market
- Global Aquarium Fish Feed Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Aquarium Fish Feed Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Aquarium Fish Feed Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Aquarium Fish Feed Market
7. Global Aquarium Fish Feed Market, By Type (USD Million) 2020-2033
7.1. Global Aquarium Fish Feed Market Size, Share and Forecast, By Type, 2020-2026
7.2. Global Aquarium Fish Feed Market Size, Share and Forecast, By Type, 2027-2033
7.3. Live Food
7.4. Processed Food
8. Global Aquarium Fish Feed Market, By Application (USD Million) 2020-2033
8.1. Global Aquarium Fish Feed Market Size, Share and Forecast, By Application, 2020-2026
8.2. Global Aquarium Fish Feed Market Size, Share and Forecast, By Application, 2027-2033
8.3. Goldfish
8.4. Koi
8.5. Tropical Fish
8.6. Other
9. Global Aquarium Fish Feed Market Forecast, 2020-2033 (USD Million)
9.1. Global Aquarium Fish Feed Market Size and Market Share
10. Global Aquarium Fish Feed Market, By Region, 2020-2033 (USD Million)
10.1. Global Aquarium Fish Feed Market Size and Market Share By Region (2020-2026)
10.2. Global Aquarium Fish Feed Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle East & Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. Cargill, Inc
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Nutreco N.V.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Archer Daniels Midland Company
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Ridley Corporation Limited
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Biomar Group
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Alltech, Inc.
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Skretting (Nutreco Company)
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. BioMarin North America Inc.
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Zeigler Bros. Inc.,
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Norel Animal Nutrition
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
