logo

Europe Aqua Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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

Home Industry Reports Animal Nutrition & Wellness Europe Aqua Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 ...

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.01 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The European aquafeed market is expected to register a CAGR of 5.01% during the forecast period (2020-2025).

  • The European aquafeed market is quite small, compared to the markets of the other regions, such as Asia-Pacific and North America. It has the potential for steady growth in the near future, due to stringent regulations and hikes in the prices of raw materials. the growth of the European aquafeed market is majorly driven by an increase of fish farming and the introduction of new species, programs, and strategies for boosting aquaculture by the European Commission and the increased consumption of seafood, due to the rising awareness about their health benefits.
  • Fishmeal and fish oil are the major types of feed ingredients produced in the European nations. In 2017, the European region produced about 500,000 metric ton of fishmeal and 170,000 metric tons of fish oil.

Scope of the report

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

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increase in Consumption of Seafood with Rising Awareness on Thier Health Benefits

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.

european-aqua-feed-market

Rise in Demand For Fish is Dominating the Market

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. 

european-aqua-feed-market

Competitive Landscape

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.

concentration.png

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Fish

      2. 5.1.2 Crustaceans

      3. 5.1.3 Mollusks

      4. 5.1.4 Trout

      5. 5.1.5 Other Animal Types

    2. 5.2 By Fish Species

      1. 5.2.1 Eel

      2. 5.2.2 Sturgeons

      3. 5.2.3 Seabass

      4. 5.2.4 Atlantic Salmon

      5. 5.2.5 Catfish

      6. 5.2.6 Other Fish Species

    3. 5.3 By Ingredient

      1. 5.3.1 Cereals

      2. 5.3.2 Cereal By-products

      3. 5.3.3 Fishmeal

      4. 5.3.4 Supplements

      5. 5.3.5 Other Ingredients

    4. 5.4 By Country

      1. 5.4.1 Germany

      2. 5.4.2 France

      3. 5.4.3 Italy

      4. 5.4.4 Spain

      5. 5.4.5 United Kingdom

      6. 5.4.6 Norway

      7. 5.4.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Biomar Group

      2. 6.3.2 Aller Aqua Group

      3. 6.3.3 Cargill

      4. 6.3.4 Nutreco NV

      5. 6.3.5 Alltech Inc.

      6. 6.3.6 Inve Technologies

      7. 6.3.7 Avanti Feeds Ltd

      8. 6.3.8 Beneo GmbH

      9. 6.3.9 Bluestar Adessio Company

      10. 6.3.10 Bern Aqua NV

      11. 6.3.11 Nireus Aquaculture SA

      12. 6.3.12 Agravis Raiffeisen AG

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Europe Aqua Feed Market market is studied from 2016 - 2026.

The Europe Aqua Feed Market is growing at a CAGR of 5.01% over the next 5 years.

BIOMAR GROUP, Aller aqua group, CARGILL, INC. , Nutreco N.V., Alltech coppens BV. are the major companies operating in Europe Aqua Feed Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!