Floating fish feed are nutrition rich pellets or granules formulated to provide optimal nutrition to farmed fish like salmon and trout. With advantages like remaining on the water surface and dissolving slowly to provide nutrition throughout the day, floating fish feeds have become essential for efficient fish farming. The global Floating Fish Feed Market is estimated to be valued at US$ 2 Billion in 2024 and is expected to exhibit a CAGR of 34.% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of aquaculture has been a major driver fueling the growth of floating fish feed market. According to FAO, aquaculture production has increased from 178 million tons in 2024 to 275 million tons in 2031 and is expected to continue rising in the upcoming years as it is considered a solution for growing seafood demand. Floating fish feeds help increase production efficiency and profitability for aquaculture farms by enabling automated feeding and reducing wastage. Their use reduces stress on farmed fish while delivering optimal nutrition throughout the day. Technological advancements in floating fish feed formulations tailored to specific fish species have accelerated their demand from commercial aquaculture farms.
Segment Analysis
The global floating fish feed market is segmented by product type into extruded feed and pellet feed. Among these, pellet feed dominated the market in 2020, accounting for nearly 60% share. Pellet fish feed holds key advantages over extruded feed such as higher nutrients retention and sinkability which makes it ideal for large scale fish farming.
Key Takeaways
The global Floating Fish Feed market analysis is expected to witness high growth.
Asia Pacific is currently the largest as well as the fastest growing market for floating fish feed. The region accounts for more than 50% share of the global market owing to presence of major fish producing countries such as China, India, Vietnam, Indonesia, and Thailand. China, the largest producer of aquaculture products globally, is a key contributor to the regions' dominance.
Key players
operating in the floating fish feed market are Cargill, Alltech Inc, Nutreco N.V., Havsbrun Fish Feed, Aller Aqua A/S, Biomar A/S, Archer Daniels Midland Company, Charoen Pokphand Foods, BioMar A/S, Nutriad.
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