IMARC Group’s report titled “United States Aquafeed Market Report by Specie (Carps, Marine Shrimps, Tilapias, Catfishes, Marine Fishes, Salmons, Freshwater Crustaceans, Trout, and Others), Ingredients (Soybean, Corn, Fish Meal, Fish Oil, Additives, and Others), Additive (Vitamins and Minerals, Antioxidants, Feed Enzymes, and Others), Product Form (Pellets, Extruded, Powdered, Liquid), and Region 2024-2032“, The United States aquafeed market size is projected to exhibit a growth rate (CAGR) of 4.70% during 2024-2032.
The increasing consumption of seafood as well as the growing popularity of aquaculture are the factors responsible for the growth of the United States aquafeed market. Additionally, consumers are inclined towards healthier and sustainable protein sources, which is creating a demand for seafood, necessitating enhanced aquaculture practices that are fueling the market. Moreover, advances in feed formulations, focusing on the balance of proteins, lipids, vitamins, and minerals, have improved feed efficiency and growth rates, making aquaculture more productive and sustainable and further bolstering the market. Additionally, the rising awareness of the environmental impact of wild fishing practices has accelerated the shift towards farmed seafood, thus boosting the need for high-quality aquafeed.
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United States Aquafeed Market Trends and Drivers
Technological advancements and innovations in feed production are key drivers in the United States aquafeed market. The incorporation of alternative protein sources such as plant-based proteins, insect meals, and algae is gaining traction, driven by the need to reduce reliance on traditional fishmeal and fish oil, which are sourced from wild fish populations, and is acting as another growth-inducing factor. These alternative ingredients not only support sustainable feed production but also reduce feed costs and improve the nutritional profile of aquafeed. Furthermore, the adoption of precision farming technologies, including automated feeding systems and real-time monitoring, enhances feed management practices, ensuring optimal growth conditions and reducing feed waste, thereby escalating the market. Support by government authorities and regulatory frameworks that promote sustainable aquaculture practices are anticipated to drive the United States aquafeed market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Species Insights:
- Carps
- Marine Shrimps
- Tilapias
- Catfishes
- Marine Fishes
- Salmons
- Freshwater Crustaceans
- Trout
- Others
Ingredients Insights:
- Soybean
- Corn
- Fish Meal
- Fish Oil
- Additives
- Others
Additives Insights:
- Vitamins and Minerals
- Antioxidants
- Feed Enzymes
- Others
Product Form Insights:
- Pellets
- Extruded
- Powdered
- Liquid
Regional Insights:
- Northeast
- Midwest
- South
- West
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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