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

The South America Aqua Feed Market is Segmented by Type (Fish Feed, Mollusk Feed, Crustacean Feed, and Other Aquafeed), and by Geography into (Argentina, Brazil and Rest of South America).

Market Snapshot

Market Overview
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.2 %

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Market Overview

The South America Aquafeed market is projected to register a CAGR of 5.2% during the forecast period 2020-2025. Brazil and Chile together with 1.9 million tons of fish production are the major producers which in turn is expected to lead the South American aquaculture feed market. Also, an increase in the production of aquatic species, steady change in diet preferences, and increasing fish consumption drive the market in the region. However, factors like environmental concerns on water quality and lack of cost-effective feeds and feeding strategies are posing a threat to the aquafeed industry. Currently, aquafeed is being produced in the form of granules or pellets. They provide nutrition in a stable and concentrated form, enabling aquatic species to feed efficiently and grow to their full potential.

Scope of the report

Aquafeed is commonly available in the form of pellets, which vary in size depending upon the species that has to be fed. The market is broadly categorized by type into Fish feed (Carp Feed, Salmon Feed, Tilapia Feed, Catfish Feed, and Other Feed Types), Molluscs Feed, Crustaceans Feed (Shrimp Feed, Other Crustacean Feed) and Other Aqua Feed. The report presents a wide-ranging analysis of market share, size, and volume of the aquafeed market in South America.

Feed Type
Fish Feed
Carp Feed
Salmon Feed
Tilapia Feed
Catfish Feed
Other Feed Types
Molluscs Feed
Crustaceans Feed
Shrimp Feed
Other Crustacean Feed
Other Aqua Feed
Geography
Brazil
Peru
Chile
Argentina
Rest of South America

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Key Market Trends

Increased Aquatic Animals Production

The growing demand for aquaculture products shows a direct impact on production quantities of aquafeed. The aquaculture production in South America was 4.5 million tons in 2015 and 4.85 million tons in 2019 showing a growth of 12.7% from 2015 to 2019. This growth in production quantities is anticipated to grow in the coming years because of the rising seafood consumption among consumers. Moreover, the seafood exports to China from Peru is increasing at a wide range. In the year 2019, China exported 89,489 tons of aquatic species from Peru which is three times more than that exported in 2018. Also, due to the insufficient production of fish meals by Japan, it is importing from Peru. The rising production demands of aquatic animals have in turn encouraged more production of aquafeed.

South  America Aquafeed market, Volume of Aquatic Animal Production in Million Tonnes, 2017-2019

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Rising Concern About the Nutrition Requirements in the Feed

Aquafeed is fish feed products made from vegetarian and non-vegetarian sources including soy, wheat, pea, corn, rapeseed protein, and fish oils. They support easy ingredient dispersion and assist in the healthy growth of fish and crustacean species. The juvenile stage of aquatic animals requires a diet having maximum protein content for optimum growth. Approximately 35% of the feed must have proteins in the diet. Higher protein and omega 3 content makes the aquatic animals resistant to common bacterial & fungal diseases such as fin rot, fish dropsy. Also, such species are highly palatable and hence salmon and carp which are high in protein and omega 3 are in rising demand. Henceforth, breeders to are preferring aqua feed which enhances protein and omega 3 content.

South America Aquafeed Market, Aquafeed Production in Million MT, By Country, 2019

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Competitive Landscape

In the South American aquaculture feed market, companies are not only competing based on product quality and promotion but are also focused on strategic moves, to hold larger market share. The market is consolidated in nature, with the presence of major players such as Biomar A/S, Nutreco NV, Ridley Corporation, Aller Aqua A/S, Beneo – Animal Nutrition, Cargill Inc., ADM Animal Nutrition, Alltech, etc are holding a major share in the aquaculture feed market. To gain market share, these companies are adopting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities.

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 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Feed Type

      1. 5.1.1 Fish Feed

        1. 5.1.1.1 Carp Feed

        2. 5.1.1.2 Salmon Feed

        3. 5.1.1.3 Tilapia Feed

        4. 5.1.1.4 Catfish Feed

        5. 5.1.1.5 Other Feed Types

      2. 5.1.2 Molluscs Feed

      3. 5.1.3 Crustaceans Feed

        1. 5.1.3.1 Shrimp Feed

        2. 5.1.3.2 Other Crustacean Feed

      4. 5.1.4 Other Aqua Feed

    2. 5.2 Geography

      1. 5.2.1 Brazil

      2. 5.2.2 Peru

      3. 5.2.3 Chile

      4. 5.2.4 Argentina

      5. 5.2.5 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategy

    3. 6.3 Company Profiles

      1. 6.3.1 Archer Daniels Midland Co.

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 Biomin GmbH

      4. 6.3.4 Altech Inc.

      5. 6.3.5 Nutreco NV

      6. 6.3.6 Ridley Corporation

      7. 6.3.7 Aller Aqua A/S

      8. 6.3.8 Beneo – Animal Nutrition

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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Frequently Asked Questions

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

The South America Aqua Feed Market is growing at a CAGR of 5.2% over the next 5 years.

Biomar , Nutreco , ADM , Cargill Inc. , Alltech are the major companies operating in South America Aqua Feed Market.

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