Market Size of North America Aqua Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Aqua Feed Market Analysis
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.