Aquaculture is one of the biggest livelihood providers of the present day. This is because of the fact that most of the people nowadays are highly indulgent in the way they eat and in their diet. Seafood constitutes a major portion of a very high proportion of the world. It is that part of the animal husbandry industry that generates maximum revenue for the agriculture and the aquaculture husbandry as a whole. Fish and seafood constitute a major part of people’s diet. However the successful variety of fish can be determined and produced only when the feed that is fed for these animals are of superior quality. This is a major reason why the aquaculture feed industry is also growing at a steady rate because its growth is directly dependent on the aquaculture industry. This means that the aquaculture feed industry is highly influenced by the aquaculture industry directly and this is an obvious fact as they act as the feed for these animals. There are many companies in the market that produce commercial fish feed.
Market for Aquaculture Market:
The market for Aquaculture feed is directly proportional to the growth of the market for aquaculture animals even though they are not the same. This is because of the climatic conditions that control the ability of the fishes to thrive under certain conditions. The Aquaculture feed market is expected to touch a few hundred million US dollars by the end of the year 2022, while the aquaculture extract market is expected to grove over billions of dollars by 2024. The fish and the feed market size can witness gains of approximately more than 5% as it is widely used for animal feed and food & beverage applications due to natural meaty flavor.
US Aquaculture feed market has potential to register at a significant growth rate during the forecast period. Favorable FDA regulations and government initiative towards salt reduction campaigns for promoting health awareness should drive the demand. China’s aquaculture extract market is expected to report sales over millions USD by 2024 as it is a feed additive for providing nutrition, protein, vitamin, mineral. Presence of organizations like EURASYP, which promotes and spreads awareness regarding use of fishes and this expected to drive the industry growth.
These are a special kind of seeds that are produced only for the different kinds of fish hatcheries. Some kinds of fishes have a different kind of need for nutrients like salmon and trout. Marine species like sea bass and flounders consume the part of their n nutrition from their own yolk sacs.