Shrimp Feed Market: Global Trends, Growth, Share, Size, Regional Demand and Forecast Till 2024

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Report Description and Highlights

Report Description

Shrimp Feed Market Report By Product Type (Grower, Finisher and Starter), Ingredients (Soybean Meal, Fish Meal, Wheat Flour, Fish Oil and Others), Additives, Region The global shrimp feed market has witnessed moderate growth over the past few years. This can be attributed to changing dietary habits, the introduction of high-quality feed variants and commercialization of shrimp farming.

Market Overview: According to the latest report by IMARC Group, titled “Shrimp Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global shrimp feed market reached a value of almost US$ 5 Billion in 2018, growing at a CAGR of 3.4% during 2011-2018. Shrimp feed is the commercially manufactured food formulation which provides the balanced nutrition required by farmed shrimp. It is essential for regulating the levels of vitamins, minerals, amino acids and fatty acids. High-quality feed is characterized by its water stability, nutrition density, hygienic raw materials and palatability. The use of feed in shrimp farming is vital for improving production and, in turn, increasing profits.

Report Description and Highlights

Report Description Market Trends:

The growing health awareness among consumers in the developed, as well as developing countries, has resulted in an increase in the demand for protein-rich foods. The shifting preferences, coupled with the rising popularity of ready- and easy-to-cook shrimp products, have led the farmers to use high-quality feed in order to promote better farm output. Besides, the addition of various additives like anti-oxidants, antibiotics and anti-microbial preservatives has resulted in the introduction of products with improved functionality which is creating a positive impact on the growth of the market. Apart from this, the rising consumption of Vannamei shrimp has increased its production which has influenced the demand for products specific for the species. On account of these factors, the market is expected to reach a value of more than US$ 7 Billion by 2024, registering a CAGR of 6.5% during the forecast period (2019-2024).

Shrimp Feed Market Segmentation: Market Segmentation by Type o Grower Request for a sample report: https://www.imarcgroup.com/request?type=report&id=941&flag=B

Market Forecast

Sample Figure: Global: Shrimp Feed Market Forecast: Production Volume (in Million Tons), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description o Finisher o Starter

On the basis of the type, the market has been categorized into grower, finisher and starter feed.

Amongst these, the grower segment represents the most popular type, accounting for the majority of the total market share.

Market Segmentation by Ingredients • • • • •

Soybean Meal Fish Meal Wheat Flour Fish Oil Others

Based on the ingredient, soybean meal represents the largest segment. Other major ingredients include fish meal, wheat flour, fish oil and others.

Market Breakup by Additives For more information, click here: https://www.imarcgroup.com/shrimp-feed-market

Market Segmentation

Report Description • • • • • •

Vitamin and Protein Fatty Acid Antioxidant Feed Enzyme Antibiotics Others

On the basis of the additive, vitamins and proteins exhibit a clear dominance in the market. Other major additives include fatty acids, antibiotics, antioxidants and feed enzymes.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On the geographical front, the market has been divided into Asia Pacific, Latin America, North America, Europe, and Middle East and Africa. Currently Asia Pacific holds the largest market share.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Charoen Pokphand Foods (CPF) Cargill Skretting (A Nutreco Company) Biomar Guangdong Yuehai Feed Group Co. Ltd

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Report Description and Highlights

Report Description

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