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Report
Global Shrimp Feed Market Report and Forecast 2023-2028
Market Report I 2022-11-16 I 133 Pages I EMR Inc.
Global Shrimp Feed Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global shrimp feed market reached a value of USD 9.45 billion in 2022, growing at a CAGR of 9.9% during 2018-2022. Aided by the growing demand for shrimp, the market is projected to further grow at a CAGR of 5.6% in the forecast period of between 2023 and 2028.
Shrimp feed is prepared in order to meet the nutritional needs of farmed shrimp. It helps maintain healthy levels of vitamins, minerals, vital amino acids, and fatty acids in the shrimp population. Fish oil, fish and squid meal, cereal flour, and different additives are common ingredients in shrimp feed. Using shrimp feed reduces environmental contamination caused by shrimp aquaculture while enhancing production cycles, harvest per unit area, and profitability.
The rise in consumer health consciousness is resulting in an increase in demand for seafood high in protein, like shrimp. Furthermore, the need for easy-and ready-to-cook shrimp items is encouraging farmers to use high-quality feed to boost farm output due to changing consumer dietary choices. Additionally, the advent of products with increased functioning as a consequence of various additives-including antibiotics, antioxidants, and antimicrobial preservatives-has further boosted the market growth.
The changing dietary habits of consumers and their increasing health consciousness are the main drivers of the global shrimp feed market expansion. Due to this, there is a sizable market for healthy shrimp, which is increasing the demand for shrimp feed. One of the main factors fostering growth potential in the market is the lowering in the counter-dumping duty on shrimps and the extension of shrimp feed territory. However, a factor limiting the market growth for shrimp feed in the forecast period is the increase in cost of research and development activities.
The demand for shrimp feed has been fuelled by the commercialisation of shrimp in response to a considerable demand from both emerging and developed countries. Improved shrimp farming techniques, population development, and increased disposable incomes are further fuelling the shrimp feed market growth. The forecast period will likely bring about new prospects for producers of shrimp feed due to an increase in research and development activities and an increase in demand from emerging economies.
In the Asia Pacific, an increase in seafood consumption brought on by people's growing awareness of the advantages of eating seafood, is helping the market for shrimp feed expand. Easy access to healthy, disease-free shrimp is another important element influencing the demand for shrimp feed in the region.
A number of producers are releasing shrimp feed that is made without artificial substances. They are also concentrating on strategic partnerships with global firms to introduce new product versions with various additives. The global shrimp feed market is also anticipated to grow as a result of the increase of offline and online distribution channels offering a variety of shrimp feeds.
Market Segmentation
The market can be divided on the basis of type, ingredients, additives, and major regions.
Market Breakup by Type
- Grower
- Finisher
- Starter
Market Division by Ingredient
- Soybean Meal
- Fish Meal
- Wheat Flour
- Fish Oil
- Others
Market Segmentation by Additives
- Vitamins and Proteins
- Fatty Acids
- Antioxidants
- Feed Enzymes
- Antibiotics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global shrimp feed market companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Cargill, Incorporated
- Charoen Pokphand Foods PCL
- Nutreco
- BioMar Group
- Others
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Shrimp Feed Market Analysis
8.1 Key Industry Highlights
8.2 Global Shrimp Feed Historical Market (2018-2022)
8.3 Global Shrimp Feed Market Forecast (2023-2028)
8.4 Global Shrimp Feed Market by Type
8.4.1 Grower
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Finisher
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Starter
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Shrimp Feed Market by Ingredients
8.5.1 Soybean Meal
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Fish Meal
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Wheat Flour
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Fish Oil
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Shrimp Feed Market by Additives
8.6.1 Vitamins and Proteins
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Fatty Acids
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Antioxidants
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Feed Enzymes
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Antibiotics
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Shrimp Feed Market by Region
8.7.1 Market Share
8.7.1.1 Asia Pacific
8.7.1.2 Latin America
8.7.1.3 Rest of the world
9 Regional Analysis
9.1 Asia Pacific
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 China
9.1.3.2 India
9.3.3.3 Indonesia
9.3.3.4 Thailand
9.3.3.5 Vietnam
9.3.3.6 Others
9.2 Latin America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 Brazil
9.2.3.2 Mexico
9.2.3.3 Ecuador
9.2.3.4 Others
9.3 Rest of the World
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 United States of America
9.3.3.2 Saudi Arabia
9.3.3.3 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Rest of the World Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players' Market Share
14.3 Company Profiles
14.3.1 Cargill, Incorporated
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 Charoen Pokphand Foods PCL
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 Nutreco
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 BioMar Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 Others
15 Industry Events and Developments
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