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

Market Overview

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.

Scope of the report

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.

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Key Market Trends

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.

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