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The European aquafeed market is segmented by Animal type (Fish, Crustaceans, Mollusks, Trout, and Other Animal Types), Fish species (Eel, Sturgeons, Seabass, Atlantic Salmon, Catfish, and Other Fish Species ), Ingredient (Cereals, Cereal By-products, Fishmeal, Supplements, and Other Ingredients), and Country
Study Period:
2016-2025
Base Year:
2019
CAGR:
5.01 %
The European aquafeed market is expected to register a CAGR of 5.01% during the forecast period (2020-2025).
The ingredients used for providing balanced nutrition for aquaculture species are available in the form of pellets, granules, and powders, among others. Aquafeed is primarily sourced from cereals, fishmeal, supplements, and other ingredients
Animal Type | |
Fish | |
Crustaceans | |
Mollusks | |
Trout | |
Other Animal Types |
By Fish Species | |
Eel | |
Sturgeons | |
Seabass | |
Atlantic Salmon | |
Catfish | |
Other Fish Species |
By Ingredient | |
Cereals | |
Cereal By-products | |
Fishmeal | |
Supplements | |
Other Ingredients |
By Country | |
Germany | |
France | |
Italy | |
Spain | |
United Kingdom | |
Norway | |
Rest of Europe |
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The European consumers had access to around 17.24 million metric ton of seafood in 2016. The region's net domestic supply of seafood for human consumption amounted to 7.84 million metric tons in 2016, an increase of 1.4%, while imports totaled 9.4 million metric ton, up by 1.78%. The region’s per capita consumption in 2018 increased to 24.33 kg, according to the European Commission. Tuna, salmon, and cod were the species in the highest demand in the market. Luring new consumers into the sector and reviving the less active consumers have been the key challenges in the industry in recent years. It is evident from the recent figures, that the opportunity to continue building on the current momentum and grow further is vibrant in Europe. The increased per capita consumption of aquaculture products and the benefits associated with the seafood products are expected to intensify the commercial aqua production in the country. This factor is expected to drive the aquafeed market in the future.
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The distinguishing feature that characterizes the fish feed industry in the European Union is the ongoing research and consideration of alternative protein sources, such as fish trimmings, insects, and other invertebrate-based ingredients in fish feed, in lieu of fish meal from the wild fish catch. As the production of fish meal and oil, is an important fraction of the diet of farmed fish, is posing a serious threat to marine ecology and environment, initiatives such as the INvertebrateIT EU Project can help augment and stabilize the production of fish feed in the region with minimal environmental footprint. Europe ranked second in the production of fish feed with a production volume of 5.9 million metric tons in 2016, a substantial increase from 3.2 million metric tons registered in 2015. The upsurge in the feed production volume can be attributed to the corresponding rise in fish production, both freshwater and marine, in the region.
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Nutreco, Cargill, Biomar Group, Alltech, and Aller Aqua group are some of the major players operating in this region. New product launches, partnerships, and expansions are some of the major strategies adopted by these players to strengthen their position in the market. For instance, in 2018, Aller Aqua Group launched two products, namely Aller Active and Nutra, in Europe.
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Animal Type
5.1.1 Fish
5.1.2 Crustaceans
5.1.3 Mollusks
5.1.4 Trout
5.1.5 Other Animal Types
5.2 By Fish Species
5.2.1 Eel
5.2.2 Sturgeons
5.2.3 Seabass
5.2.4 Atlantic Salmon
5.2.5 Catfish
5.2.6 Other Fish Species
5.3 By Ingredient
5.3.1 Cereals
5.3.2 Cereal By-products
5.3.3 Fishmeal
5.3.4 Supplements
5.3.5 Other Ingredients
5.4 By Country
5.4.1 Germany
5.4.2 France
5.4.3 Italy
5.4.4 Spain
5.4.5 United Kingdom
5.4.6 Norway
5.4.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Biomar Group
6.3.2 Aller Aqua Group
6.3.3 Cargill
6.3.4 Nutreco NV
6.3.5 Alltech Inc.
6.3.6 Inve Technologies
6.3.7 Avanti Feeds Ltd
6.3.8 Beneo GmbH
6.3.9 Bluestar Adessio Company
6.3.10 Bern Aqua NV
6.3.11 Nireus Aquaculture SA
6.3.12 Agravis Raiffeisen AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS