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The North America Aqua Feed Market is Segmented by Species Type (Fish Feed, Mollusk Feed, Crustacean Feed, and Other Aquafeed), Ingredients (Cereals, Cereal By-products, Fishmeal, Supplements, and Other Ingredients) and Geography (the United States, Canada, and Rest of North America)
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.
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|
|Other Aqua Feed|
|Cereal By Products|
|Rest of North America|
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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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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.
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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.
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 Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Animal Type
5.1.1 Fish Feed
5.1.2 Mollusk Feed
5.1.3 Crustacean Feed
5.1.4 Other Aqua Feed
5.2.2 Cereal By Products
5.2.5 Other Ingredients
5.3.1 United States
5.3.3 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.2 Alltech Inc
6.3.3 ADM Animal Nutrition
6.3.4 Cargill Inc
6.3.5 Wilbur-Ellis Nutrition, LLC
6.3.6 Norel Animal Nutrition
6.3.7 Purina Animal Nutrition LLC.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19