Market Size of South America Aqua Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South American Aqua Feed Market Analysis
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.
