Right Now
Shrimp Feed Market is Projected to Grow Massively in Near
Future by 2030
Shrimp Feed Market research
report by Delvens focuses on primary sections such as – market segments, market
outlook, competitive landscape, and company profiles. The segments provide
details in terms of various perspectives such as end-use industry, product or
service type, and any other relevant segmentation as per the market’s current
scenario which includes various aspects to perform further marketing activity,
the Shrimp Feed market size was estimated at USD 9.96 billion in 2023 and is
projected to reach USD 14.35 billion in 2030 at a CAGR of 5.36% during the
Forecast to 2030.
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Report: https://www.delvens.com/get-free-sample/shrimp-feed-market
Shrimp feed is a specialized type of feed specifically
formulated to meet the nutritional requirements of shrimp in aquaculture. It is
an essential component in shrimp farming as it provides the necessary nutrients
and energy for healthy growth, development, and reproduction of shrimp.
Shrimp feed typically contains a balanced combination of
proteins, lipids (fats), carbohydrates, vitamins and minerals. The composition
of the feed is tailored to the specific species of shrimp being farmed, as
different shrimp species have different dietary needs and preferences.
Asia Pacific to
Dominate the Market
·
Asia Pacific is estimated to account for the
largest market share during the forecast period. Increased production of shrimp
and growing export of shrimp to other countries has led to an increase in the
demand of shrimp feed.
·
In addition, the rising purchasing power of the
middle-class population, surging popularity of seafood, and the expansion of
the food chain are also driving the growth of the shrimp feed market.
Recent Developments
·
Aller Aqua and VDS, a premix specialist, launched
a range of feed products that are specifically designed for use in shrimp RAS
farms. On-farm trials show that the new feed has delivered faster growth and a
more even size distribution of shrimp.
·
Skretting has launched a new shrimp feed,
Elivia, which is a stable micro diet that is said to improve larval performance
in hatcheries while simplifying and enabling a cleaner system.
The Prominent Players
in the Shrimp Feed Market:
·
Charoen Pokphand Group Company, Ltd.
·
Cargill, Incorporated
·
Nutreco N.V.
·
BioMar Group A/S
·
Guangdong Yuehai Feeds Group Co., Ltd.
·
ADM
·
Avanti Feeds Ltd
·
DuPont
·
Evonik Industries AG
·
Growel Feeds Pvt. Ltd.
·
Novozymes AS
·
Alltech Inc.
·
Aller Aqua AS
·
Biomin GmbH
·
Ridley Corporation
·
Archer Daniels Midland Co.
·
BASF SE
·
Nutriad International and More
Key Findings
·
Based on type, the market is segmented into
grower, finisher and starter. Grower dominated the market in this segment due
to their increasing adoption for growing shrimp of 7 grams until they attain a
mass of 25 grams. Moreover, the demand for growers has been largely influenced
by the increasing consumption and easy availability of seafood products across
online and offline distribution channels.
·
Based on ingredient, the market is bifurcated
into soybean meal, fish meal, wheat flour, fish oil and others. The soybean
meal accounted for the largest share in this segment. This is because soybean
meal provides consistent quality and serves as the major plant-based protein
source, which makes it ideal for shrimp feed profiles.
·
Based on additives, the market is segmented into
vitamins and proteins, fatty acids, antioxidants, feed enzymes, antibiotics,
others. Vitamins and proteins dominated the market in this segment due to the
increasing awareness about the health benefits of consuming shrimp. Moreover,
vitamins and proteins are added to the shrimp feed to improve its quality.
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Reasons to Acquire
·
Increase your understanding of the market for
identifying the most suitable strategies and decisions based on sales or
revenue fluctuations in terms of volume and value, distribution chain analysis,
market trends, and factors.
·
Gain authentic and granular data access for the
Shrimp Feed Market to understand the trends and the factors involved in
changing market situations.
·
Qualitative and quantitative data utilization to
discover arrays of future growth from the market trends of leaders to market
visionaries and then recognize the significant areas to compete in the future.
·
In-depth analysis of the changing trends of the
market by visualizing the historic and forecast year growth patterns.
In addition to the
market data for the Shrimp Feed Market, Delvens offers client-centric reports
customized according to the company’s specific demand and requirements.
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